Fixed Income

iShares Global Inflation-Linked Bond Index Fund (IE)

  • NAV as of 20/Mar/2023 USD 10.91
    52 WK: 10.11 - 12.48
  • 1 Day NAV Change as of 20/Mar/2023 -0.03 (-0.31%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to achieve a total return on your investment, through a combination of capital growth and income, which reflects the return of the Bloomberg World Government Inflation-Linked Bond Index, the Fund’s benchmark index (Index).

The Fund invests in the fixed income (FI) securities (such as bonds) that predominantly make up the Index (which comprises global inflation linked bonds). The Fund may also invest in other FI securities such as bonds issued by companies, governments, government agencies and supranationals (e.g. the International Bank for Reconstruction and Development) domiciled in countries both in and outside the European Union and will be investment grade (i.e. meet a specified level of credit worthiness) or are deemed by the investment manager (IM) to be of equivalent rating at the time of purchase. If the credit rating of a FI security is downgraded, the Fund may continue to hold this, until it is practicable to sell the position.

The Index measures the performance of the global universe of inflation-linked FI securities issued by sovereign governments of the major investment grade rated economies.

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.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level 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

Show Less
Loading

Performance

Performance

Chart

Performance chart data not available for display.
View full chart
Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

This chart shows the fund's performance as the percentage loss or gain per year over the last 5 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 0.1 8.3 9.7 5.5 -17.0
Benchmark (%) 0.1 8.4 9.8 6.4 -21.9
  From
31-Dec-2017
To
31-Dec-2018		 From
31-Dec-2018
To
31-Dec-2019		 From
31-Dec-2019
To
31-Dec-2020		 From
31-Dec-2020
To
31-Dec-2021		 From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of 31/Dec/2022

0.05 8.31 9.73 5.47 -17.01
Benchmark (%)

as of 31/Dec/2022

0.10 8.38 9.81 6.40 -21.86
  1y 3y 5y 10y Incept.
Total Return (%) -15.19 -2.49 1.19 - 1.18
Benchmark (%) -19.95 -4.22 0.14 - 0.27
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 0.37 -1.80 -2.34 -5.52 -15.19 -7.29 6.11 - 7.02
Benchmark (%) 0.07 -2.95 -1.56 -4.50 -19.95 -12.13 0.68 - 1.56

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 USD hedged Share Class Benchmark performance is displayed in USD.

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 20/Mar/2023 USD 81,545,950
Net Assets of Fund as of 17/Mar/2023 USD 2,035,007,338
Share Class launch date 11/May/2017
Fund Launch Date 11/Apr/2008
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
Benchmark Index Bloomberg World Government Inflation-Linked Bond Index
Index Ticker BCIW1A
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.10%
Annual Management Fee 0.10%
Performance Fee 0.00%
Minimum Initial Investment USD 500,000.00
Minimum Subsequent Investment USD 5,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category Global Inflation-Linked Bond - USD Hedged
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BLGIDUA
ISIN IE00BD0NC367
SEDOL BD0NC36

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30/Nov/2021 150
Standard Deviation (3y) as of 28/Feb/2023 8.50%
3y Beta as of 28/Feb/2023 0.805
Yield to Maturity as of 02/Mar/2023 3.95
Modified Duration as of 02/Mar/2023 9.20
Weighted Average YTM as of 02/Mar/2023 1.27%
Effective Duration as of 02/Mar/2023 9.23
Weighted Avg Maturity as of 02/Mar/2023 10.00
WAL to Worst as of 02/Mar/2023 10.00

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 06/Jan/2023 A
MSCI ESG % Coverage as of 06/Jan/2023 100.00
MSCI ESG Quality Score (0-10) as of 06/Jan/2023 5.91
MSCI ESG Quality Score - Peer Percentile as of 06/Jan/2023 30.65
Fund Lipper Global Classification as of 06/Jan/2023 Bond Global Inflation Linked
Funds in Peer Group as of 06/Jan/2023 62
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of 06/Jan/2023 0.00
All data is from MSCI ESG Fund Ratings as of 06/Jan/2023, based on holdings as of 31/Aug/2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

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

3 stars
Overall Morningstar Rating for iShares Global Inflation-Linked Bond Index Fund (IE), D Acc. USD Hedged, as of 28/Feb/2023 rated against 71 Global Inflation-Linked Bond - USD Hedged Funds.

Holdings

Holdings

as of 17/Mar/2023
Name Weight (%)
TREASURY (CPI) NOTE 0.125 01/15/2032 1.79
TREASURY (CPI) NOTE 0.625 01/15/2026 1.75
TREASURY (CPI) NOTE 0.25 01/15/2025 1.63
TREASURY (CPI) NOTE 0.125 07/15/2024 1.63
TREASURY (CPI) NOTE 0.125 04/15/2027 1.57
Name Weight (%)
TREASURY (CPI) NOTE 0.125 01/15/2031 1.49
TREASURY (CPI) NOTE 0.125 07/15/2031 1.48
TREASURY (CPI) NOTE 0.125 07/15/2030 1.47
TREASURY (CPI) NOTE 0.25 07/15/2029 1.46
TREASURY (CPI) NOTE 0.375 01/15/2027 1.46
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 17/Mar/2023

% of Market Value

Type Fund Benchmark Net
as of 17/Mar/2023

% of Market Value

Type Fund Benchmark Net
as of 17/Mar/2023

% of Market Value

Type Fund Benchmark Net
as of 17/Mar/2023

% of Market Value

Type Fund Benchmark Net
as of 17/Mar/2023

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
D Acc. USD Hedged USD None 10.91 -0.03 -0.31 20/Mar/2023 12.48 10.11 IE00BD0NC367 -
Class D USD - 10.25 0.01 0.06 20/Mar/2023 10.26 9.91 IE000ZSEF059 -
Flexible Accumulating High Denomination EUR - 175.76 -1.14 -0.65 20/Mar/2023 200.85 171.29 IE0005JGQ5P6 -
Class Flexible Acc EUR - 8.67 -0.06 -0.65 20/Mar/2023 10.05 8.44 IE000KD5RQM5 -
Class Flexible Acc Hedged GBP - 10.22 -0.03 -0.31 20/Mar/2023 10.30 10.00 IE00075MQFI5 -
Flexible Acc. USD Hedged USD None 16.27 -0.05 -0.31 20/Mar/2023 18.59 15.07 IE00B2PPWQ36 -
Class D Acc Hedged GBP - 8.39 -0.03 -0.31 20/Mar/2023 9.74 7.83 IE000H4Z3PW7 -
Inst. Acc. USD Hedged USD None 13.87 -0.04 -0.32 20/Mar/2023 15.87 12.85 IE00B3C8NT28 -
Class Flexible USD - 7.76 0.00 0.06 20/Mar/2023 9.31 6.89 IE0004XHE738 -

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner

Literature

Literature