Fixed Income

iShares Emerging Markets 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. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. 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

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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of 30/Sep/2021

4.14 -2.11 11.06 0.85 4.02
Benchmark (%)

as of 30/Sep/2021

4.61 -1.92 11.57 1.29 4.36
  1y 3y 5y 10y Incept.
3.78 5.96 3.73 - 4.12
Benchmark (%)

as of 31/Oct/2021

4.41 6.43 4.15 - 4.57
  YTD 1m 3m 1y 3y 5y 10y Incept.
-1.77 -0.10 -1.14 3.78 18.96 20.08 - 40.52
Benchmark (%)

as of 31/Oct/2021

-1.34 0.02 -1.09 4.41 20.57 22.56 - 45.70

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 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

Size of Fund (Millions) as of 26/Nov/2021 USD 3,939.340
12m Trailing Yield -
Number of Holdings 948
Base Currency U.S. Dollar
Fund Launch Date 28/May/2013
Inception Date 28/May/2013
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond
Benchmark Index J.P. Morgan Emerging Markets Bond Index Global Diversified Index
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.52%
ISIN LU0836513696
Bloomberg Ticker BGIMGA2
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B7VH246
Bloomberg Benchmark Ticker JPGCCOMP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5,000.00
Minimum Subsequent Investment USD 250,000.00
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM as of 29/Oct/2021 4.50%
Modified Duration as of 29/Oct/2021 7.90
Effective Duration as of 29/Oct/2021 7.92
Weighted Avg Maturity as of 29/Oct/2021 12.50
WAL to Worst as of 29/Oct/2021 12.50

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 05/Nov/2021 BB
MSCI ESG Quality Score (0-10) as of 05/Nov/2021 2.95
MSCI ESG Quality Score - Peer Percentile as of 05/Nov/2021 36.41
MSCI ESG % Coverage as of 05/Nov/2021 94.38
Fund Lipper Global Classification as of 05/Nov/2021 Bond Emerging Markets Global HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 05/Nov/2021 1,242.14
Funds in Peer Group as of 05/Nov/2021 423
All data is from MSCI ESG Fund Ratings as of 05/Nov/2021, based on holdings as of 30/Jun/2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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.

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 29/Oct/2021 0.00%
MSCI - UN Global Compact Violators as of 29/Oct/2021 2.68%
MSCI - Nuclear Weapons as of 29/Oct/2021 0.00%
MSCI - Thermal Coal as of 29/Oct/2021 0.24%
MSCI - Civilian Firearms as of 29/Oct/2021 0.00%
MSCI - Oil Sands as of 29/Oct/2021 0.00%
MSCI - Tobacco as of 29/Oct/2021 0.00%

Business Involvement Coverage as of 29/Oct/2021 12.90%
Percentage of Fund not covered as of 29/Oct/2021 86.91%
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 0.24% and for Oil Sands 1.04%.

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

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for iShares Emerging Markets Government Bond Index Fund (LU), Class A2, as of 31/Oct/2021 rated against 1171 Global Emerging Markets Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 26/Mar/2021)

Holdings

Holdings

as of 29/Oct/2021
Name Weight (%)
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 1 07/31/2035 0.72
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.66
RUSSIAN FEDERATION RegS 5.25 06/23/2047 0.66
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.63
QATAR (STATE OF) RegS 5.103 04/23/2048 0.44
Name Weight (%)
QATAR (STATE OF) RegS 4.817 03/14/2049 0.42
URUGUAY (ORIENTAL REPUBLIC OF) 4.975 04/20/2055 0.42
PETRONAS CAPITAL LTD MTN RegS 4.55 04/21/2050 0.39
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 5 07/31/2030 0.39
UKRAINE REPUBLIC OF (GOVERNMENT) RegS 7.375 09/25/2032 0.39
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Oct/2021

% of Market Value

Type Fund Benchmark Net
as of 29/Oct/2021

% of Market Value

Type Fund Benchmark Net
as of 29/Oct/2021

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A2 USD None 138.52 -0.55 -0.40 144.74 136.30 - LU0836513696 - -
Class I2 Hedged EUR None 113.59 -0.47 -0.41 118.94 112.34 - LU1373035663 - -
Class N7 EUR Semi-Annual 108.67 -1.29 -1.17 111.07 103.64 - LU0916237901 - -
Class I2 USD None 138.63 -0.55 -0.40 144.76 136.13 - LU1064902957 - -
Class I7 USD Semi-Annual 102.69 -0.41 -0.40 110.91 102.69 - LU1333800438 - -
Class D2 EUR - 123.81 -1.47 -1.17 126.05 114.59 - LU1811365292 - -
Class I2 Hedged GBP None 117.65 -0.47 -0.40 122.98 115.76 - LU1400680390 - -
Class F2 USD None 116.23 -0.46 -0.39 121.38 114.16 - LU1640626278 - -
Class A2 Hedged EUR None 111.73 -0.46 -0.41 117.06 110.71 - LU1373035580 - -
Class D2 USD - 117.81 -0.47 -0.40 123.04 115.72 - LU1811365029 - -

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature