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 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

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This chart shows the fund's performance as the percentage loss or gain per year over the last 0 years.

  2018 2019 2020 2021 2022
Total Return (%)
Comparator Benchmark 1 (%)

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

  1y 3y 5y 10y Incept.
-1.90 - - - -10.65
Comparator Benchmark 1 (%) -2.01 - - - -10.76
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.32 0.43 -1.87 -1.85 -1.90 - - - -17.09
Comparator Benchmark 1 (%) 0.41 0.40 -1.97 -2.01 -2.01 - - - -17.26
  From
30-Sept-2018
To
30-Sept-2019
From
30-Sept-2019
To
30-Sept-2020
From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
Total Return (%)

as of 30/Sept/2023

- - - - -2.07
Comparator Benchmark 1 (%)

as of 30/Sept/2023

- - - - -2.22

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/Nov/2023 EUR 535,571
Net Assets of Fund as of 16/May/2024 EUR 122,541,543
Share Class launch date 01/Mar/2022
Fund Launch Date 01/Dec/2005
Share Class Currency EUR
Fund Base Currency EUR
Asset Class Fixed Income
Comparator Benchmark 1 FTSE EMU Government Bond Index
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.18%
ISIN IE000VYDX630
Annual Management Fee 0.15%
Performance Fee 0.00%
Minimum Initial Investment EUR 100,000.00
Minimum Subsequent Investment EUR 5,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
SEDOL BN0X8T4

Portfolio Characteristics

Portfolio Characteristics

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

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 21/Apr/2024 A
MSCI ESG % Coverage as of 21/Apr/2024 99.93
MSCI ESG Quality Score (0-10) as of 21/Apr/2024 6.45
MSCI ESG Quality Score - Peer Percentile as of 25/Oct/2023 53.85
Fund Lipper Global Classification as of 25/Oct/2023 Bond EMU Government
Funds in Peer Group as of 25/Oct/2023 169
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21/Apr/2024 5.35
MSCI Weighted Average Carbon Intensity % Coverage as of 21/Apr/2024 0.29
All data is from MSCI ESG Fund Ratings as of 21/Apr/2024, based on holdings as of 31/Dec/2023. 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% (or 50% for bond funds and money market funds) 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.

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

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3
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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

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
Class D Acc EUR 8.46 -0.01 -0.07 17/Nov/2023 8.77 8.17 IE000VYDX630
Flex EUR 18.00 -0.01 -0.04 16/May/2024 18.35 16.79 GB0033157453

Portfolio Managers

Portfolio Managers

Vish Acharya
Vish Acharya

Literature

Literature