Fixed Income

iShares Euro Government Bond Index Fund (LU)

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.

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 invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held. Certain developing countries are especially large debtors to commercial banks and foreign governments. Investment in debt obligations (sovereign debt) issued or guaranteed by developing governments or their agencies involve a high degree 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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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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 (%) 13.1 1.3 3.1 -0.1 0.7 6.6 4.8 -3.7 -18.5 6.7
Benchmark (%) 13.2 1.7 3.2 0.2 0.9 6.7 5.0 -3.5 -18.5 7.2

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

  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30/Jun/2024

2.82 -0.59 -12.74 -5.30 2.66
Benchmark (%)

as of 30/Jun/2024

2.81 -0.21 -12.70 -4.75 2.41
  1y 3y 5y 10y Incept.
2.66 -5.34 -2.81 0.19 0.98
Benchmark (%) 2.41 -5.22 -2.67 0.37 1.13
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.88 0.34 -1.17 -1.88 2.66 -15.17 -13.29 1.95 11.80
Benchmark (%) -1.94 0.20 -1.36 -1.94 2.41 -14.84 -12.64 3.78 13.69

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 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 17/Jul/2024
EUR 111,331,047
Fund Launch Date
23/Oct/2012
Base Currency
EUR
Benchmark Index
FTSE EMU Government Bond Index (EUR)
Initial Charge
5.00%
ISIN
LU0839964631
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGIEGD2
Inception Date
16/Jan/2013
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.25%
Annual Management Fee
0.10%
Minimum Initial Investment
EUR 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Government Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B8G9WQ6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
382
3y Beta
as of 30/Jun/2024
0.966
Modified Duration
as of 28/Jun/2024
7.16
Effective Duration
as of 28/Jun/2024
7.27
WAL to Worst
as of 28/Jun/2024
8.94
Standard Deviation (3y)
as of 30/Jun/2024
7.56%
Yield to Maturity
as of 28/Jun/2024
3.20
Weighted Average YTM
as of 28/Jun/2024
3.20%
Weighted Avg Maturity
as of 28/Jun/2024
8.94

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

3 stars
Overall Morningstar Rating for iShares Euro Government Bond Index Fund (LU), Class D2, as of 30/Jun/2024 rated against 570 EUR Government Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31/May/2024)

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
FRANCE (REPUBLIC OF) 1 11/25/2025 1.08
FRANCE (REPUBLIC OF) 0.75 05/25/2028 0.88
FRANCE (REPUBLIC OF) 0.75 02/25/2028 0.82
FRANCE (REPUBLIC OF) 0.75 11/25/2028 0.79
FRANCE (REPUBLIC OF) 2.5 05/25/2030 0.79
Name Weight (%)
FRANCE (REPUBLIC OF) 1.5 05/25/2031 0.78
FRANCE (REPUBLIC OF) 0 11/25/2031 0.78
FRANCE (REPUBLIC OF) 2.75 10/25/2027 0.76
FRANCE (REPUBLIC OF) 2.75 02/25/2029 0.76
FRANCE (REPUBLIC OF) 0.5 05/25/2029 0.73
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 EUR None 113.04 0.02 0.02 17/Jul/2024 114.76 105.16 LU0839964631
Class A2 EUR None 111.78 0.02 0.02 17/Jul/2024 113.70 104.27 LU0836513266
Class N7 EUR Semi-Annual 102.37 0.02 0.02 17/Jul/2024 104.85 96.21 LU0852473791
Class N2 EUR None 116.17 0.02 0.02 17/Jul/2024 117.95 108.08 LU0839963237
Class F2 EUR None 115.77 0.02 0.02 17/Jul/2024 117.56 107.73 LU0836516103

Portfolio Managers

Portfolio Managers

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

Literature

Literature