Fixed Income

iShares Euro Government Bond 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 such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held. Certain developing countries are especially large debtors to commercial banks and foreign governments. Investment in debt obligations (sovereign debt) issued or guaranteed by developing governments or their agencies involve a high degree of risk.

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 (%) 13.2 1.7 3.4 0.1 1.0 6.7 5.0 -3.5 -18.4 6.9
Benchmark (%) 13.2 1.7 3.2 0.2 0.9 6.7 5.0 -3.5 -18.5 7.2

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

  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

4.54 2.11 -6.31 -11.85 3.87
Benchmark (%)

as of 31/Mar/2024

4.38 2.29 -6.39 -11.81 3.86
  1y 3y 5y 10y Incept.
1.76 -5.16 -2.28 0.47 2.93
Benchmark (%) 1.92 -5.13 -2.26 0.46 2.93
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-2.22 -0.20 -0.62 1.27 1.76 -14.69 -10.91 4.81 92.10
Benchmark (%) -2.13 -0.13 -0.53 1.37 1.92 -14.62 -10.80 4.70 91.77

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 EUR, hedged share class benchmark performance is displayed in EUR.

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 17/Jun/2024
EUR 926,690,732
Share Class launch date
05/Nov/2001
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.03%
Annual Management Fee
0.00%
Minimum Initial Investment
EUR 250,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Government Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
3108075
Net Assets of Fund
as of 17/Jun/2024
EUR 4,138,009,452
Fund Launch Date
25/Nov/2016
Fund Base Currency
EUR
Benchmark Index
FTSE EMU Government Bond Index (EUR)
Initial Charge
0.00%
ISIN
IE0031080751
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 50,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BARGVBI

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
386
3y Beta
as of 31/May/2024
0.993
Modified Duration
as of 31/May/2024
7.16
Effective Duration
as of 31/May/2024
7.27
WAL to Worst
as of 31/May/2024
8.94
Standard Deviation (3y)
as of 31/May/2024
7.74%
Yield to Maturity
as of 31/May/2024
3.23
Weighted Average YTM
as of 31/May/2024
3.23%
Weighted Avg Maturity
as of 31/May/2024
8.94

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for iShares Euro Government Bond Index Fund (IE), Flex, as of 31/May/2024 rated against 570 EUR Government Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 30/Apr/2024)

Holdings

Holdings

as of 31/May/2024
Name Weight (%)
FRANCE (REPUBLIC OF) 2.5 05/25/2030 0.88
FRANCE (REPUBLIC OF) 0.75 05/25/2028 0.86
FRANCE (REPUBLIC OF) 0.75 11/25/2028 0.82
FRANCE (REPUBLIC OF) 1 11/25/2025 0.82
FRANCE (REPUBLIC OF) 2.75 10/25/2027 0.80
Name Weight (%)
FRANCE (REPUBLIC OF) 3.5 11/25/2033 0.77
FRANCE (REPUBLIC OF) 1.5 05/25/2031 0.77
FRANCE (REPUBLIC OF) 0.5 05/25/2029 0.75
FRANCE (REPUBLIC OF) 0.5 05/25/2026 0.69
FRANCE (REPUBLIC OF) 0.75 02/25/2028 0.67
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/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 EUR 21.83 -0.01 -0.05 17/Jun/2024 22.37 20.45 IE0031080751
Class Flexible Hedged SEK 8.55 0.00 -0.04 17/Jun/2024 8.76 8.02 IE00BD0DT800
Inst EUR 21.16 -0.01 -0.05 17/Jun/2024 21.69 19.83 IE0031080868
Class Flexible Acc Hedged USD 10.53 0.00 -0.04 17/Jun/2024 10.71 9.75 IE0007IZFCL5
Class Flexible Hedged GBP 9.16 -0.03 -0.33 15/Jan/2024 9.34 8.52 IE00BYWHDP26
Class D EUR 9.51 0.00 -0.05 17/Jun/2024 9.74 8.91 IE00BD0NC037
Inst EUR 8.10 0.00 -0.05 17/Jun/2024 8.30 7.59 IE00B1N7ZB00
Class Flexible Hedged SGD 10.21 0.00 -0.05 17/Jun/2024 10.47 9.57 IE000EX26BP5
Class Flexible Hedged CHF 10.33 0.00 -0.04 17/Jun/2024 10.71 10.00 IE000QNA29G5

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner

Literature

Literature