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

This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 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 13/Dec/2024
USD 2,327,189,420
Fund Launch Date
28/May/2013
Fund Base Currency
USD
Benchmark Index
JPM Emerging Markets Bond Index Global Diversified Custom Defaults - EUR
Initial Charge
5.00%
Management Fee
0.20%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
SEDOL
BP6MMF3
Share Class launch date
20/Dec/2023
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.24%
ISIN
LU2723594235
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
966
3y Beta
as of -
-
Modified Duration
as of 29/Nov/2024
6.64
Effective Duration
as of 29/Nov/2024
6.68
WAL to Worst
as of 29/Nov/2024
11.07
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 29/Nov/2024
6.63
Weighted Average YTM
as of 29/Nov/2024
6.62%
Weighted Avg Maturity
as of 29/Nov/2024
11.07

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
ARGENTINA REPUBLIC OF GOVERNMENT 4.125 07/09/2035 0.79
ARGENTINA REPUBLIC OF GOVERNMENT 0.75 07/09/2030 0.68
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.60
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 5.5 07/31/2035 0.58
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.52
Name Weight (%)
ARGENTINA REPUBLIC OF GOVERNMENT 5 01/09/2038 0.48
GHANA (REPUBLIC OF) RegS 5 07/03/2035 0.41
POLAND (REPUBLIC OF) 5.5 03/18/2054 0.40
QATAR (STATE OF) RegS 5.103 04/23/2048 0.40
QATAR (STATE OF) RegS 4.817 03/14/2049 0.38
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/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 N2 EUR - 113.58 -0.03 -0.03 13/Dec/2024 113.84 97.99 LU2723594235
Class X7 USD Semi-Annual 82.29 -0.24 -0.29 13/Dec/2024 85.01 77.60 LU2087589268
Class F2 USD None 117.36 -0.34 -0.29 13/Dec/2024 118.11 105.22 LU1640626278
Class I7 USD Semi-Annual 87.99 -0.25 -0.28 13/Dec/2024 90.85 83.01 LU1333800438
Class X2 Hedged SEK None 1,016.94 -3.15 -0.31 13/Dec/2024 1,026.41 928.51 LU1499592894
Class I2 USD None 140.10 -0.40 -0.28 13/Dec/2024 140.99 125.57 LU1064902957
Class I2 Hedged EUR None 106.24 -0.32 -0.30 13/Dec/2024 107.20 96.99 LU1373035663
Class X2 Hedged EUR None 108.27 -0.32 -0.29 13/Dec/2024 109.17 98.58 LU1387770735
Class X2 USD None 146.73 -0.42 -0.29 13/Dec/2024 147.66 131.25 LU0826455437
Class A2 USD None 138.80 -0.40 -0.29 13/Dec/2024 139.69 124.75 LU0836513696
Class I2 Hedged GBP None 115.03 -0.34 -0.29 13/Dec/2024 115.78 103.61 LU1400680390
Class A2 Hedged EUR None 103.69 -0.32 -0.31 13/Dec/2024 104.68 94.89 LU1373035580
Class N7 EUR Semi-Annual 100.23 -0.03 -0.03 13/Dec/2024 100.46 91.61 LU0916237901
Class D2 EUR - 134.57 -0.03 -0.02 13/Dec/2024 134.88 116.11 LU1811365292
Class X2 EUR None 138.22 -0.03 -0.02 13/Dec/2024 138.53 119.00 LU1435395394
Class D2 USD - 118.96 -0.34 -0.28 13/Dec/2024 119.72 106.65 LU1811365029

Portfolio Managers

Portfolio Managers

Vlad Borysenko
Vlad Borysenko

Literature

Literature