Fixed Income

iShares World ex-Euro Government Bond Index Fund (IE)

Add to Compare
  • NAV as of 30/May/2024 USD 9.92
    52 WK: 9.48 - 10.13
  • 1 Day NAV Change as of 30/May/2024 0.03 (0.29%)

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 FTSE World Government Bond Index (ex-EMU Government Bonds), the Fund’s benchmark index.

The Fund invests predominantly in the fixed income (FI) securities (such as bonds) that make up the Fund's benchmark index (which comprises world government bonds excluding EMU participant states). At the time of purchase, the FI securities will be investment grade rated (i.e. meet a specified level of credit worthiness). 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 benchmark index measures the performance of bonds issued by governments and includes countries in the FTSE World Government Bond Index but excludes countries in the FTSE EMU Government Bond Index. The benchmark index includes FI securities with a maturity (i.e. the time until they become due for repayment) which is greater than a year and which pay a fixed rate of interest.

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

Show Less
Loading

Performance

Performance

Chart

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.
Missing calendar year returns data
Performance is not shown as the Fund has a performance history of less than 1 year
  1y 3y 5y 10y Incept.
Total Return (%) -1.33 - - - -
Benchmark (%) -5.02 - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) -2.22 -1.80 -2.09 3.70 -1.33 - - - -
Benchmark (%) -4.87 -2.67 -3.58 3.10 -5.02 - - - -

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 30/May/2024
USD 546,160,233
Inception Date
28/Apr/2023
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.03%
Annual Management Fee
0.00%
Minimum Initial Investment
USD 500,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BNDK201
Net Assets of Fund
as of 30/May/2024
USD 961,647,328
Fund Launch Date
02/Nov/2018
Base Currency
USD
Benchmark Index
FTSE World Government Bond Index (ex-EMU Government Bonds) (USD)
Initial Charge
0.00%
ISIN
IE0001JCX718
Performance Fee
0.00%
Minimum Subsequent Investment
USD 5,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
ISWXGFA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2024
760
3y Beta
as of -
-
Modified Duration
as of 30/Apr/2024
6.97
Effective Duration
as of 30/Apr/2024
6.96
WAL to Worst
as of 30/Apr/2024
8.88
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 30/Apr/2024
4.05
Weighted Average YTM
as of 30/Apr/2024
4.05%
Weighted Avg Maturity
as of 30/Apr/2024
8.88

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 30/Apr/2024)

Holdings

Holdings

as of 30/Apr/2024
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.62 09/25/2029 1.32
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.37 01/20/2027 1.07
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.44 10/15/2027 0.96
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.18 08/25/2025 0.91
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.46 02/15/2026 0.82
Name Weight (%)
TREASURY NOTE 4.125 11/15/2032 0.80
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.69 08/15/2032 0.74
TREASURY NOTE 1.5 01/31/2027 0.73
TREASURY NOTE 4.5 11/15/2033 0.65
TREASURY NOTE 1.125 02/15/2031 0.63
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
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 Flexible Acc Hedged USD 9.92 0.03 0.29 30/May/2024 10.13 9.48 IE0001JCX718
Class Flexible Acc Hedged EUR 8.41 0.02 0.27 30/May/2024 8.65 8.13 IE00BMY53838
Class Flexible Hedged SGD 9.89 0.03 0.27 30/May/2024 10.19 9.58 IE0007DDUVE7
Class Flex Hedged Dist GBP 8.78 -0.01 -0.06 13/Nov/2023 9.25 8.62 IE00BD5D0B54
Inst EUR 9.28 0.02 0.17 30/May/2024 9.69 9.15 IE00BJK0X817
Class D Acc EUR 10.63 0.02 0.17 30/May/2024 10.91 10.31 IE00BDZRS805
Inst USD 12.86 0.05 0.42 30/May/2024 13.44 12.36 IE00B1W4R493
Inst Hedged Acc EUR 9.12 0.02 0.27 30/May/2024 9.40 8.85 IE00BGR7K831
Class Flexible Hedged CHF 10.11 0.03 0.25 30/May/2024 10.52 10.00 IE000XJ730F3
Class D USD 9.11 0.04 0.42 30/May/2024 9.53 8.76 IE00BD0NC581
Flex USD 18.92 0.08 0.42 30/May/2024 19.78 18.18 IE0005033380
Flex USD 7.60 0.03 0.42 30/May/2024 8.04 7.39 IE00BYQQ0X26

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner
PortSols RATES LON GFI-EU Group
PortSols RATES LON GFI-EU Group

Literature

Literature