Fixed Income

iShares Global Inflation-Linked Bond Index Fund (IE)

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 financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. 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. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. Inflation linked bonds are fixed interest securities where the coupon payments increase and decrease with changes in official inflation rates. Such bonds offer investors some protection against rising levels of inflation, since rising official inflation data automatically feeds through into coupon payments. However, Investors should be aware that inflation linked bonds may, under certain circumstances, offer a slightly lower coupon payment compared to other types of fixed interest securities. Also, given that these securities are not exposed to inflation rate risk, should inflation rates decrease, the value of an inflation linked bond may not increase in price as might be expected for some other sorts of bond. The fund(s) may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.

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

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 8.9 -1.2 10.2 3.2 0.0 8.3 9.7 5.4 -17.0 4.4
Benchmark (%) 9.0 -1.1 10.2 3.3 0.1 8.4 9.8 6.4 -21.9 5.5

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

4.67 6.32 4.91 -11.23 0.09
Benchmark (%)

as of 31/Mar/2024

4.82 6.40 4.47 -14.68 -0.54
  1y 3y 5y 10y Incept.
1.95 -3.33 0.18 2.21 2.60
Benchmark (%) 2.14 -4.89 -0.76 1.78 2.33
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.19 1.27 0.52 2.42 1.95 -9.65 0.88 24.47 39.74
Benchmark (%) -2.06 2.03 0.60 2.08 2.14 -13.96 -3.72 19.27 35.03

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 18/Jun/2024
USD 200,281,012
Inception Date
25/May/2011
Share Class Currency
USD
Asset Class
Fixed Income
Index Ticker
BCIW1A
Initial Charge
0.00%
ISIN
IE00B3C8NT28
Performance Fee
0.00%
Minimum Subsequent Investment
USD 250,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGIILBD
Net Assets of Fund
as of 18/Jun/2024
USD 2,775,423,469
Fund Launch Date
11/Apr/2008
Base Currency
USD
Benchmark Index
Bloomberg World Government Inflation-Linked Bond Index
SFDR Classification
Other
Ongoing Charges Figures
0.15%
Annual Management Fee
0.12%
Minimum Initial Investment
USD 500,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Inflation-Linked Bond - USD Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
B3C8NT2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Feb/2024
152
3y Beta
as of 31/May/2024
0.752
Modified Duration
as of 19/Jun/2024
9.04
Effective Duration
as of 19/Jun/2024
9.06
WAL to Worst
as of 19/Jun/2024
9.87
Standard Deviation (3y)
as of 31/May/2024
8.67%
Yield to Maturity
as of 19/Jun/2024
4.01
Weighted Average YTM
as of 19/Jun/2024
1.69%
Weighted Avg Maturity
as of 19/Jun/2024
9.87

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for iShares Global Inflation-Linked Bond Index Fund (IE), Inst. Acc. USD Hedged, as of 31/May/2024 rated against 68 Global Inflation-Linked Bond - USD Hedged Funds.

Morningstar Medalist Rating

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

Holdings

Holdings

as of 19/Jun/2024
Name Weight (%)
TREASURY (CPI) NOTE 0.375 07/15/2025 1.78
TREASURY (CPI) NOTE 0.875 01/15/2029 1.75
TREASURY (CPI) NOTE 1.125 01/15/2033 1.68
TREASURY (CPI) NOTE 0.125 07/15/2031 1.67
TREASURY (CPI) NOTE 0.75 07/15/2028 1.66
Name Weight (%)
TREASURY (CPI) NOTE 0.5 01/15/2028 1.64
TREASURY (CPI) NOTE 1.75 01/15/2034 1.60
TREASURY (CPI) NOTE 0.125 01/15/2032 1.60
TREASURY (CPI) NOTE 0.375 01/15/2027 1.59
TREASURY (CPI) NOTE 0.125 01/15/2030 1.58
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 19/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 19/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 19/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 19/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 19/Jun/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
Inst. Acc. USD Hedged USD 14.17 0.08 0.58 18/Jun/2024 14.26 13.11 IE00B3C8NT28
D Acc. USD Hedged USD 11.15 0.06 0.58 18/Jun/2024 11.22 10.31 IE00BD0NC367
Class Flexible USD 7.82 0.05 0.65 18/Jun/2024 8.02 7.20 IE0004XHE738
Class D USD 10.43 0.07 0.65 18/Jun/2024 10.64 9.56 IE000ZSEF059
Flexible Acc. USD Hedged USD 16.65 0.10 0.58 18/Jun/2024 16.74 15.38 IE00B2PPWQ36
Class D Acc Hedged GBP 8.51 0.05 0.58 18/Jun/2024 8.58 7.90 IE000H4Z3PW7
Flexible Accumulating High Denomination EUR 178.45 0.78 0.44 18/Jun/2024 178.62 166.80 IE0005JGQ5P6

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner

Literature

Literature