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

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  From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of 31/Mar/2022

2.56 3.87 4.67 6.32 4.91
Benchmark (%)

as of 31/Mar/2022

2.65 3.96 4.82 6.40 4.47
  1y 3y 5y 10y Incept.
0.88 4.24 3.53 3.48 4.00
Benchmark (%) -2.19 3.25 2.98 3.25 3.84
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-6.05 -3.06 -4.07 -4.92 0.88 13.27 18.96 40.75 53.49
Benchmark (%) -9.73 -5.60 -7.26 -7.86 -2.19 10.06 15.81 37.67 50.99
  2017 2018 2019 2020 2021
Total Return (%) 3.2 0.0 8.3 9.7 5.4
Benchmark (%) 3.3 0.1 8.4 9.8 6.4

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

Net Assets as of 26/May/2022 USD 251,907,289
Net Assets of Fund as of 26/May/2022 USD 1,031,691,918
Inception Date 25/May/2011
Fund Launch Date 11/Apr/2008
Share Class Currency USD
Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Benchmark Index Bloomberg World Government Inflation-Linked Bond Index
Index Ticker BCIW1A
Initial Charge 0.00%
Ongoing Charges Figures 0.15%
Annual Management Fee 0.12%
Performance Fee 0.00%
Minimum Initial Investment USD 500,000.00
Minimum Subsequent Investment USD 250,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category Global Inflation-Linked Bond - USD Hedged
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker -
ISIN IE00B3C8NT28
SEDOL B3C8NT2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30/Nov/2021 150
Weighted Avg YTM as of - -
Effective Duration as of 26/May/2022 10.81
Weighted Avg Maturity as of 26/May/2022 11.53
3y Beta as of 30/Apr/2022 0.872
Standard Deviation (3y) as of 30/Apr/2022 6.23%

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 06/May/2022 A
MSCI ESG % Coverage as of 06/May/2022 100.00
MSCI ESG Quality Score (0-10) as of 06/May/2022 5.92
MSCI ESG Quality Score - Peer Percentile as of 06/May/2022 35.00
Fund Lipper Global Classification as of 06/May/2022 Bond Global Inflation Linked
Funds in Peer Group as of 06/May/2022 60
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of 06/May/2022 0.00
All data is from MSCI ESG Fund Ratings as of 06/May/2022, based on holdings as of 31/Dec/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 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.

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 30/Apr/2022 rated against 86 Global Inflation-Linked Bond - USD Hedged Funds.

Holdings

Holdings

as of 26/May/2022
Name Weight (%)
TREASURY (CPI) NOTE 0.625 01/15/2026 1.55
TREASURY (CPI) NOTE 0.625 01/15/2024 1.54
TREASURY (CPI) NOTE 0.25 01/15/2025 1.52
TREASURY (CPI) NOTE 0.125 07/15/2024 1.49
TREASURY (CPI) NOTE 0.125 07/15/2031 1.46
Name Weight (%)
TREASURY (CPI) NOTE 0.375 07/15/2025 1.42
TREASURY (CPI) NOTE 0.125 07/15/2030 1.40
TREASURY (CPI) NOTE 0.125 07/15/2026 1.40
TREASURY (CPI) NOTE 0.375 01/15/2027 1.39
TREASURY (CPI) NOTE 0.375 07/15/2023 1.36
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 26/May/2022

% of Market Value

Type Fund Benchmark Net
as of 26/May/2022

% of Market Value

Type Fund Benchmark Net
as of 26/May/2022

% of Market Value

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 26/May/2022

% of Market Value

Type Fund Benchmark Net
as of 26/May/2022

% 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 NAV As Of 52wk High 52wk Low ISIN TIS
Inst. Acc. USD Hedged USD None 15.00 -0.01 -0.09 26/May/2022 16.64 14.91 IE00B3C8NT28 -
Class Flexible Acc EUR - 9.56 -0.03 -0.31 26/May/2022 10.55 9.53 IE000KD5RQM5 -
Class Flexible USD - 8.63 0.00 0.05 26/May/2022 10.04 8.49 IE0004XHE738 -
D Acc. USD Hedged USD None 11.80 -0.01 -0.09 26/May/2022 13.08 11.73 IE00BD0NC367 -
Class D Acc Hedged GBP - 9.21 -0.01 -0.09 26/May/2022 10.00 9.15 IE000H4Z3PW7 -
Flexible Acc. USD Hedged USD None 17.58 -0.02 -0.09 26/May/2022 19.49 17.47 IE00B2PPWQ36 -

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner

Literature

Literature