Fixed Income

BlackRock Developed Markets Sovereign Screened Bond 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 9 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) -2.1 8.6 1.2 2.0 0.0 0.6 4.5 3.0 -3.9
Constraint Benchmark 1 (%) -0.8 9.0 1.2 2.2 0.2 0.4 5.0 3.9 -3.3
  From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of 30-Jun-22

-0.10 4.98 3.42 -3.21 -11.07
Constraint Benchmark 1 (%)

as of 30-Jun-22

-0.02 4.97 - -2.31 -10.55
  1y 3y 5y 10y Incept.
-12.48 -5.01 -1.57 - 0.26
Constraint Benchmark 1 (%) -12.25 -4.40 -1.21 - 0.64
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-10.85 -3.35 -2.11 -8.29 -12.48 -14.28 -7.61 - 2.57
Constraint Benchmark 1 (%) -10.76 -3.26 -2.23 -8.28 -12.25 -12.64 -5.88 - 6.37

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

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 of Fund as of 27-Sep-22 EUR 94,412,625
Share Class launch date 19-Dec-12
Fund Launch Date 19-Dec-12
Share Class Currency EUR
Fund Base Currency EUR
Asset Class Fixed Income
Constraint Benchmark 1 BBG Global Treasury ex CCY 100% EUR Hedged Index (40%), BBG Global Aggregate Euro Treasury Index (30%), BBG Global Treasury Japan Capped 100% EUR Hedged Index (10%), BBG Global Aggregate US Treasury 100% EUR Hedged Index (10%) and BBG Global Treasury UK 100% EUR Hedged Index (10%)
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.11%
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 5,000,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category Global Bond
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BRDMSFA
ISIN IE00B89WFM95
SEDOL B89WFM9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-22 419
Standard Deviation (3y) as of 31-Aug-22 4.74%
3y Beta as of 31-Aug-22 1.056
Yield to Maturity as of 31-Aug-22 2.75
Modified Duration as of 31-Aug-22 7.65
Weighted Average YTM as of 31-Aug-22 2.75%
Effective Duration as of 31-Aug-22 7.68
Weighted Avg Maturity as of 31-Aug-22 9.68
WAL to Worst as of 31-Aug-22 9.68

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG 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 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

Holdings

Holdings

as of 31-Aug-22
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 2.30
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 1.89
GERMANY (FEDERAL REPUBLIC OF) 6.5 07/04/2027 1.67
AUSTRALIA (COMMONWEALTH OF) 4.75 04/21/2027 1.66
TREASURY NOTE 2.25 11/15/2024 1.28
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.75 09/01/2023 1.09
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.69 08/12/2026 1.06
GERMANY (FEDERAL REPUBLIC OF) 1.75 02/15/2024 1.00
GERMANY (FEDERAL REPUBLIC OF) 0.25 08/15/2028 0.89
NETHERLANDS (KINGDOM OF) 0.5 07/15/2026 0.88
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-22

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-22

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-22

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-22

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-22

% 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
Flex EUR None 9.87 -0.06 -0.59 27-Sep-22 11.63 9.87 IE00B89WFM95 -
Inst EUR - 8.66 -0.05 -0.60 27-Sep-22 10.22 8.66 IE00B8QBCK68 -
Flex EUR Quarterly 9.25 -0.02 -0.19 11-Oct-21 9.92 9.25 IE00B8KNTT62 -

Portfolio Managers

Portfolio Managers

Sid Swaminathan
Sid Swaminathan
PortSols RATES LON GFI-EU Group
PortSols RATES LON GFI-EU Group

Literature

Literature