Fixed Income

iShares Global Inflation-Linked Bond Index Fund (IE)

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  • NAV as of 25/May/2023 USD 10.01
  • 1 Day NAV Change as of 25/May/2023 -0.08 (-0.82%)

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 Bloomberg World Government Inflation-Linked Bond Index, the Fund’s benchmark index (Index).

The Fund invests in the fixed income (FI) securities (such as bonds) that predominantly make up the Index (which comprises global inflation linked bonds). The Fund may also invest in other FI securities such as bonds issued by companies, governments, government agencies and supranationals (e.g. the International Bank for Reconstruction and Development) domiciled in countries both in and outside the European Union and will be investment grade (i.e. meet a specified level of credit worthiness) or are deemed by the investment manager (IM) to be of equivalent rating at the time of purchase. 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 Index measures the performance of the global universe of inflation-linked FI securities issued by sovereign governments of the major investment grade rated economies.

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.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level 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

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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 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 25/May/2023 USD 4,999
Net Assets of Fund as of 25/May/2023 USD 2,141,921,066
Share Class launch date 28/Feb/2023
Fund Launch Date 11/Apr/2008
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
Benchmark Index Bloomberg World Government Inflation-Linked Bond Index
Index Ticker BCIW1A
SFDR Classification Other
Initial Charge 0.00
Ongoing Charges Figures 0.10%
Annual Management Fee 0.07%
Performance Fee 0.00%
Minimum Initial Investment USD 100,000.00
Minimum Subsequent Investment USD 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 ISLBDAU
ISIN IE000ZSEF059
SEDOL BPX1WL9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30/Nov/2021 150
Standard Deviation (3y) as of - -
3y Beta as of - -
Yield to Maturity as of 25/May/2023 3.85%
Modified Duration as of 25/May/2023 8.98
Weighted Av YTM as of 25/May/2023 1.56%
Effective Duration as of 25/May/2023 9.00
Weighted Avg Maturity as of 25/May/2023 9.75 yrs
WAL to Worst as of 25/May/2023 9.75 yrs

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 25/May/2023
Name Weight (%)
TREASURY (CPI) NOTE 0.125 01/15/2032 1.67
TREASURY (CPI) NOTE 0.125 01/15/2030 1.66
TREASURY (CPI) NOTE 0.625 01/15/2026 1.65
TREASURY (CPI) NOTE 0.25 01/15/2025 1.65
TREASURY (CPI) NOTE 0.125 07/15/2026 1.65
Name Weight (%)
TREASURY (CPI) NOTE 0.125 07/15/2031 1.61
TREASURY (CPI) NOTE 0.125 04/15/2025 1.57
TREASURY (CPI) NOTE 0.125 07/15/2024 1.53
TREASURY (CPI) NOTE 0.25 07/15/2029 1.45
TREASURY (CPI) NOTE 0.625 07/15/2032 1.44
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 25/May/2023

% of Market Value

Type Fund Benchmark Net
as of 25/May/2023

% of Market Value

Type Fund Benchmark Net
as of 25/May/2023

% of Market Value

Type Fund Benchmark Net
as of 25/May/2023

% of Market Value

Type Fund Benchmark Net
as of 25/May/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 USD - 10.01 -0.08 -0.82 25/May/2023 10.56 9.91 IE000ZSEF059 -
Flexible Accumulating High Denomination EUR - 171.44 -0.88 -0.51 25/May/2023 200.85 171.29 IE0005JGQ5P6 -
Class Flexible USD - 7.57 -0.06 -0.82 25/May/2023 8.66 6.89 IE0004XHE738 -
D Acc. USD Hedged USD None 10.68 -0.07 -0.66 25/May/2023 11.90 10.11 IE00BD0NC367 -
Flexible Acc. USD Hedged USD None 15.92 -0.11 -0.66 25/May/2023 17.73 15.07 IE00B2PPWQ36 -
Class D Acc Hedged GBP - 8.20 -0.06 -0.68 25/May/2023 9.27 7.83 IE000H4Z3PW7 -
Class Flexible Acc EUR - 8.45 -0.04 -0.51 25/May/2023 9.89 8.44 IE000KD5RQM5 -
Inst. Acc. USD Hedged USD None 13.57 -0.09 -0.66 25/May/2023 15.12 12.85 IE00B3C8NT28 -

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
Recommended holding period : 3 years
Example Investment USD 10,000
Scenario
If you exit after 1 year
If you exit after 3 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
6,340 USD
-36.6%
6,370 USD
-13.9%

Unfavourable

What you might get back after costs
Average return each year
7,610 USD
-23.9%
8,320 USD
-5.9%

Moderate

What you might get back after costs
Average return each year
10,280 USD
2.8%
10,670 USD
2.2%

Favourable

What you might get back after costs
Average return each year
11,220 USD
12.2%
12,670 USD
8.2%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature