Fixed Income

iShares GiltTrak Index Fund (IE)

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund invests in a limited number of market sectors. Compared to investments which spread investment risk through investing in a variety of sectors, share price movements may have a greater effect on the overall value of this fund. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 13.8 0.6 10.1 1.9 0.6 6.9 8.2 -5.2 -23.8 3.8
Benchmark (%) 13.9 0.6 10.1 1.8 0.6 6.9 8.3 -5.2 -23.8 3.7

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30/Jun/2024

11.17 -6.25 -13.60 -14.34 4.70
Benchmark (%)

as of 30/Jun/2024

11.18 -6.24 -13.60 -14.46 4.76
  1y 3y 5y 10y Incept.
4.70 -8.15 -4.18 0.57 1.65
Benchmark (%) 4.76 -8.18 -4.19 0.56 1.66
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-2.48 1.25 -0.88 -2.48 4.70 -22.51 -19.24 5.87 25.54
Benchmark (%) -2.49 1.25 -0.89 -2.49 4.76 -22.58 -19.29 5.70 25.77

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in GBP, hedged share class benchmark performance is displayed in GBP.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets
as of 16/Jul/2024
GBP 71,632,133
Share Class launch date
10/Aug/2010
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.03%
Annual Management Fee
0.00%
Minimum Initial Investment
GBP 500,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
B5BD444
Net Assets of Fund
as of 16/Jul/2024
GBP 826,713,426
Fund Launch Date
22/May/2000
Fund Base Currency
GBP
Benchmark Index
FTSE Actuaries UK Conventional Gilts All Stocks Index
Initial Charge
0.00%
ISIN
IE00B5BD4447
Performance Fee
0.00%
Minimum Subsequent Investment
-
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 2 days
Bloomberg Ticker
BGIGFIA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
65
3y Beta
as of 30/Jun/2024
1.004
Modified Duration
as of 28/Jun/2024
8.35
Effective Duration
as of 28/Jun/2024
8.32
WAL to Worst
as of 28/Jun/2024
11.96
Standard Deviation (3y)
as of 30/Jun/2024
10.72%
Yield to Maturity
as of 28/Jun/2024
4.35
Weighted Average YTM
as of 28/Jun/2024
4.35%
Weighted Avg Maturity
as of 28/Jun/2024
11.96

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
UK CONV GILT 2 09/07/2025 4.03
UK CONV GILT 0.25 01/31/2025 3.45
UK CONV GILT 1.5 07/22/2026 3.03
UK CONV GILT 4.75 12/07/2030 2.77
UK CONV GILT 4.25 06/07/2032 2.58
Name Weight (%)
UK CONV GILT 1.25 07/22/2027 2.37
UK CONV GILT 4.5 09/07/2034 2.35
UK CONV GILT 0.875 10/22/2029 2.33
UNITED KINGDOM OF GREAT BRITAIN AN 3.75 03/07/2027 2.20
UK CONV GILT 4.625 01/31/2034 2.14
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Flex GBP 12.69 0.03 0.27 16/Jul/2024 12.98 11.66 IE00B5BD4447
Inst GBP 8.24 0.02 0.27 16/Jul/2024 8.54 7.68 IE0030308773
Flexible Accumulating High Denomination GBP 200.39 0.54 0.27 16/Jul/2024 205.01 184.24 IE0009N6IG93
Class D GBP 8.63 0.02 0.27 16/Jul/2024 8.84 7.94 IE00BD0NC250
Inst GBP 21.32 0.06 0.27 16/Jul/2024 21.82 19.62 IE0007410420

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner
PortSols RATES LON GFI-EU Group
PortSols RATES LON GFI-EU Group

Literature

Literature