Fixed Income

iShares Emerging Markets Government Bond Index Fund (IE)

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  • NAV as of 03/Feb/2023 SGD 10.02
  • 1 Day NAV Change as of 03/Feb/2023 0.02 (0.17%)

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 J.P. Morgan Emerging Market Bond Index Global Diversified, the Fund’s benchmark index (Index).

The Fund invests predominantly in the fixed income (FI) securities (such as bonds) that make up the Index. The Index comprises USD denominated fixed and floating rate FI securities issued by emerging market sovereign and quasi-sovereign entities. Quasi-sovereign entities must be 100% guaranteed or 100% owned by the relevant sovereign entity.

At the time of purchase, the FI securities may be investment grade or below investment grade (i.e. meet a specified level of credit worthiness) or are unrated. Below investment grade FI securities may constitute a significant portion of the Index.

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.

Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of perceived risk. Fixed income securities issued or guaranteed by government entities in emerging markets generally experience higher ‘Credit Risk’ than developed economies.
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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 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 SGD, 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 03/Feb/2023 SGD 44,526
Net Assets of Fund as of 03/Feb/2023 USD 2,173,201,005
Share Class launch date 06/Sep/2022
Fund Launch Date 04/May/2018
Share Class Currency SGD
Fund Base Currency USD
Asset Class Fixed Income
Benchmark Index J.P. Morgan Emerging Markets Bond Index Global Diversified Index
Index Ticker -
SFDR Classification Other
Initial Charge 0.00
Ongoing Charges Figures 0.16%
Annual Management Fee 0.15%
Performance Fee 0.00%
Minimum Initial Investment SGD 100,000.00
Minimum Subsequent Investment SGD 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
Bloomberg Ticker BRLGSGD
ISIN IE000239FXR9
SEDOL BNT9V05

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31/Jan/2023 939
Standard Deviation (3y) as of - -
3y Beta as of - -
Yield to Maturity as of 31/Jan/2023 6.95%
Modified Duration as of 31/Jan/2023 6.87
Weighted Av YTM as of 31/Jan/2023 6.94%
Effective Duration as of 31/Jan/2023 6.97
Weighted Avg Maturity as of 31/Jan/2023 11.60 yrs
WAL to Worst as of 31/Jan/2023 11.60 yrs

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.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, 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 methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 31/Jan/2023 0.00%
MSCI - UN Global Compact Violators as of 31/Jan/2023 2.38%
MSCI - Nuclear Weapons as of 31/Jan/2023 0.00%
MSCI - Thermal Coal as of 31/Jan/2023 0.16%
MSCI - Civilian Firearms as of 31/Jan/2023 0.00%
MSCI - Oil Sands as of 31/Jan/2023 0.00%
MSCI - Tobacco as of 31/Jan/2023 0.00%
Business Involvement Coverage as of 31/Jan/2023 13.14%
Percentage of Fund not covered as of 31/Jan/2023 86.86%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.68% and for Oil Sands 1.12%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31/Jan/2023
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.72
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 2.5 07/31/2035 0.67
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.66
QATAR (STATE OF) RegS 5.103 04/23/2048 0.47
QATAR (STATE OF) RegS 4.817 03/14/2049 0.46
Name Weight (%)
PETRONAS CAPITAL LTD MTN RegS 4.55 04/21/2050 0.43
KAZAKHSTAN (REPUBLIC OF) MTN RegS 5.125 07/21/2025 0.43
ARGENTINA REPUBLIC OF GOVERNMENT 1.5 07/09/2035 0.42
BRAZIL FEDERATIVE REPUBLIC OF (GO 4.25 01/07/2025 0.41
URUGUAY (ORIENTAL REPUBLIC OF) 4.975 04/20/2055 0.40
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Jan/2023

% of Market Value

Type Fund Benchmark Net
as of 31/Jan/2023

% of Market Value

Type Fund Benchmark Net
as of 31/Jan/2023

% of Market Value

Type Fund Benchmark Net
as of 31/Jan/2023

% of Market Value

Type Fund Benchmark Net
as of 31/Jan/2023

% 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
Class D Accumulating SGD SGD - 10.02 0.02 0.17 03/Feb/2023 10.08 9.30 IE000239FXR9 -
Flexible Dist GBP Semi-Annual 10.29 0.09 0.85 03/Feb/2023 10.29 9.97 IE000AODOWS0 -
Inst Hedged Acc EUR - 8.46 -0.06 -0.69 03/Feb/2023 9.86 7.37 IE00BJ9MTQ85 -
Flexible Dist Hedged GBP Semi-Annual 10.06 -0.07 -0.71 03/Feb/2023 10.13 9.94 IE000VN2TQC4 -
Class Flexible Acc USD - 8.77 -0.06 -0.70 03/Feb/2023 9.86 7.54 IE00BF2N5S47 -
Flex USD - 10.09 -0.05 -0.53 23/Sep/2020 10.80 8.41 IE00BHZRKF90 -
Flex Hedged Acc EUR - 9.27 -0.06 -0.69 03/Feb/2023 10.77 8.06 IE00BD9H4C29 -
Inst Acc USD - 10.16 -0.07 -0.70 03/Feb/2023 11.44 8.74 IE00BZ1NTF08 -
Class D Acc USD - 10.31 -0.07 -0.70 03/Feb/2023 11.60 8.86 IE00BF2N5T53 -
Class D Dist Hedged GBP - 7.56 -0.05 -0.69 03/Feb/2023 9.16 6.71 IE00BKFVZB33 -
Inst Acc GBP - 9.46 0.08 0.84 03/Feb/2023 9.60 8.67 IE00BLF0J488 -

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson

Literature

Literature