Fixed Income

BlackRock Euro Government Enhanced Index Fund

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 investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. 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 (%) 13.1 1.8 3.6 -0.1 1.0 7.0 5.3 -3.4 -18.2 7.2
Comparator Benchmark 1 (%) 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.

  1y 3y 5y 10y Incept.
2.69 -4.96 -1.83 0.72 2.61
Comparator Benchmark 1 (%) 2.47 -5.10 -2.02 0.57 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-2.09 -1.42 -1.60 4.54 2.69 -14.14 -8.80 7.41 60.60
Comparator Benchmark 1 (%) -2.01 -1.43 -1.59 4.58 2.47 -14.52 -9.70 5.86 -
  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

4.71 2.56 -6.39 -11.57 4.07
Comparator Benchmark 1 (%)

as of 31/Mar/2024

4.38 2.29 -6.39 -11.81 3.86

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 28/May/2024
EUR 121,509,935
Share Class launch date
11/Jun/2003
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 500,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Government Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
3315745
Net Assets of Fund
as of 29/May/2024
EUR 120,771,508
Fund Launch Date
01/Dec/2005
Fund Base Currency
EUR
Comparator Benchmark 1
FTSE EMU Government Bond Index (EUR)
Initial Charge
0.00%
ISIN
GB0033157453
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 5,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGIEGOI

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2024
108
3y Beta
as of 30/Apr/2024
0.983
Modified Duration
as of 30/Apr/2024
7.20
Effective Duration
as of 30/Apr/2024
7.32
WAL to Worst
as of 30/Apr/2024
9.15
Standard Deviation (3y)
as of 30/Apr/2024
7.66%
Yield to Maturity
as of 30/Apr/2024
3.20
Weighted Average YTM
as of 30/Apr/2024
3.20%
Weighted Avg Maturity
as of 30/Apr/2024
9.15

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. The Fund manager has developed internal research signals to help evaluate corporate issuers on climate, governance and human capital issues. ESG information may be sourced from both internal and external sources. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

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 BlackRock Euro Government Enhanced Index Fund, Flex, as of 30/Apr/2024 rated against 576 EUR Government Bond Funds.

Holdings

Holdings

as of 30/Apr/2024
Name Weight (%)
FRANCE (REPUBLIC OF) 2.5 09/24/2026 4.73
NETHERLANDS (KINGDOM OF) 2.5 07/15/2034 3.89
GERMANY (FEDERAL REPUBLIC OF) 2.1 11/15/2029 3.80
SPAIN (KINGDOM OF) 3.25 04/30/2034 3.13
SPAIN (KINGDOM OF) 2.5 05/31/2027 2.88
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 2.4 10/19/2028 2.75
GERMANY (FEDERAL REPUBLIC OF) 2.8 06/12/2025 2.59
GERMANY (FEDERAL REPUBLIC OF) 2.2 04/13/2028 2.49
ITALY (REPUBLIC OF) 3.5 02/15/2031 2.46
SPAIN (KINGDOM OF) 4 10/31/2054 2.31
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of -

% of Market Value

Type Fund
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/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 17.85 0.00 -0.01 28/May/2024 18.35 16.79 GB0033157453
Class D Acc EUR 8.46 -0.01 -0.07 17/Nov/2023 8.77 8.17 IE000VYDX630

Portfolio Managers

Portfolio Managers

Vish Acharya
Vish Acharya

Literature

Literature