Fixed Income

iShares Emerging Markets Government Bond Index Fund (LU)

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.

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. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. 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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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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 5 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 14.8 5.2 -2.0 -17.0 10.9
Benchmark (%) 15.0 5.3 -1.8 -17.8 11.1

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

0.27 7.36 -20.76 7.28 9.61
Benchmark (%)

as of 30/Jun/2024

0.49 7.53 -21.22 7.39 9.23
  1y 3y 5y 10y Incept.
9.61 -2.33 0.06 - 1.96
Benchmark (%) 9.23 -2.60 -0.03 - 1.69
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.51 0.89 0.55 2.51 9.61 -6.82 0.30 - 12.64
Benchmark (%) 2.34 0.62 0.30 2.34 9.23 -7.59 -0.14 - 10.86

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 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 of Fund
as of 12/Jul/2024
USD 3,047,738,676
Fund Launch Date
28/May/2013
Fund Base Currency
USD
Benchmark Index
J.P. Morgan Emerging Markets Bond Index Global Diversified Index
Initial Charge
5.00%
ISIN
LU1811365029
Performance Fee
-
Minimum Subsequent Investment
USD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGMGD2U
Share Class launch date
09/May/2018
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.27%
Annual Management Fee
0.20%
Minimum Initial Investment
USD 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Emerging Markets Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFNBJ18

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
972
3y Beta
as of 30/Jun/2024
0.981
Modified Duration
as of 28/Jun/2024
6.48
Effective Duration
as of 28/Jun/2024
6.53
WAL to Worst
as of 28/Jun/2024
10.91
Standard Deviation (3y)
as of 30/Jun/2024
10.67%
Yield to Maturity
as of 28/Jun/2024
7.15
Weighted Average YTM
as of 28/Jun/2024
7.14%
Weighted Avg Maturity
as of 28/Jun/2024
10.91

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 Emerging Markets Government Bond Index Fund (LU), Class D2, as of 30/Jun/2024 rated against 1507 Global Emerging Markets Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 26/Mar/2024)

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.61
ARGENTINA REPUBLIC OF GOVERNMENT 0.75 07/09/2030 0.56
ARGENTINA REPUBLIC OF GOVERNMENT 3.625 07/09/2035 0.56
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 3.5 07/31/2035 0.53
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.51
Name Weight (%)
POLAND (REPUBLIC OF) 5.5 03/18/2054 0.47
POLAND (REPUBLIC OF) 5.125 09/18/2034 0.42
QATAR (STATE OF) RegS 5.103 04/23/2048 0.40
QATAR (STATE OF) RegS 4.817 03/14/2049 0.39
POLAND (REPUBLIC OF) 4.875 10/04/2033 0.36
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
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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 USD - 113.97 0.06 0.05 12/Jul/2024 113.97 97.79 LU1811365029
Class X7 USD Semi-Annual 81.19 0.04 0.05 12/Jul/2024 82.03 71.63 LU2087589268
Class X2 EUR None 127.35 -0.04 -0.03 12/Jul/2024 128.67 112.09 LU1435395394
Class N7 EUR Semi-Annual 95.19 -0.03 -0.03 12/Jul/2024 96.85 86.35 LU0916237901
Class A2 USD None 133.12 0.07 0.05 12/Jul/2024 133.12 114.42 LU0836513696
Class N2 EUR - 104.75 -0.03 -0.03 12/Jul/2024 105.84 97.99 LU2723594235
Class D2 EUR - 124.12 -0.04 -0.03 12/Jul/2024 125.42 109.42 LU1811365292
Class X2 Hedged SEK None 982.06 0.56 0.06 12/Jul/2024 982.06 853.75 LU1499592894
Class A2 Hedged EUR None 100.20 0.05 0.05 12/Jul/2024 100.20 87.32 LU1373035580
Class I2 USD None 134.21 0.08 0.06 12/Jul/2024 134.21 115.13 LU1064902957
Class I2 Hedged GBP None 110.36 0.06 0.05 12/Jul/2024 110.36 95.14 LU1400680390
Class I7 USD Semi-Annual 86.80 0.05 0.06 12/Jul/2024 87.66 76.62 LU1333800438
Class X2 Hedged EUR None 104.38 0.05 0.05 12/Jul/2024 104.38 90.65 LU1387770735
Class X2 USD None 140.44 0.08 0.06 12/Jul/2024 140.44 120.30 LU0826455437
Class I2 Hedged EUR None 102.55 0.06 0.06 12/Jul/2024 102.55 89.23 LU1373035663
Class F2 USD None 112.44 0.07 0.06 12/Jul/2024 112.44 96.47 LU1640626278

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature