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

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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Reinvestments

This product does not have any distributions data as of now.

This chart shows the fund's performance as the percentage loss or gain per year over the last 7 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 7.9 -6.7 11.7 3.4 -2.7 -19.7 8.4
Benchmark (%) 10.3 -4.3 15.0 5.3 -1.8 -17.8 11.1

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

-7.05 11.70 -7.64 -10.36 9.23
Benchmark (%)

as of 31/Mar/2024

-6.84 16.00 -7.44 -6.92 11.28
  1y 3y 5y 10y Incept.
6.70 -4.61 -1.68 - 0.12
Benchmark (%) 8.39 -2.79 0.24 - 2.16
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.44 -2.03 0.74 9.58 6.70 -13.20 -8.11 - 0.96
Benchmark (%) -0.08 -2.08 0.95 10.57 8.39 -8.15 1.22 - 18.79

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 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 of Fund
as of 24/May/2024
USD 3,206,721,729
Fund Launch Date
28/May/2013
Base Currency
USD
Benchmark Index
J.P. Morgan Emerging Markets Bond Index Global Diversified Index
Initial Charge
0.00%
ISIN
LU1387770735
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 5,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGEGX2H
Inception Date
13/Apr/2016
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.04%
Annual Management Fee
0.00%
Minimum Initial Investment
EUR 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Emerging Markets Bond - EUR Biased
Dealing Frequency
Daily, forward pricing basis
SEDOL
BYZWYX9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2024
967
3y Beta
as of 30/Apr/2024
0.973
Modified Duration
as of 30/Apr/2024
6.39
Effective Duration
as of 30/Apr/2024
6.45
WAL to Worst
as of 30/Apr/2024
10.86
Standard Deviation (3y)
as of 30/Apr/2024
10.56%
Yield to Maturity
as of 30/Apr/2024
7.21
Weighted Average YTM
as of 30/Apr/2024
7.19%
Weighted Avg Maturity
as of 30/Apr/2024
10.86

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 19/May/2024
BB
MSCI ESG Quality Score (0-10)
as of 19/May/2024
3.81
Fund Lipper Global Classification
as of 19/May/2024
Bond Emerging Markets Global HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 19/May/2024
961.99
MSCI ESG % Coverage
as of 19/May/2024
92.38
MSCI ESG Quality Score - Peer Percentile
as of 19/May/2024
19.67
Funds in Peer Group
as of 19/May/2024
422
MSCI Weighted Average Carbon Intensity % Coverage
as of 19/May/2024
13.87
All data is from MSCI ESG Fund Ratings as of 19/May/2024, based on holdings as of 31/Jan/2024. 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% (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.

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 30/Apr/2024
0.00%
MSCI - Nuclear Weapons
as of 30/Apr/2024
0.00%
MSCI - Civilian Firearms
as of 30/Apr/2024
0.00%
MSCI - Tobacco
as of 30/Apr/2024
0.00%
MSCI - UN Global Compact Violators
as of 30/Apr/2024
2.22%
MSCI - Thermal Coal
as of 30/Apr/2024
0.16%
MSCI - Oil Sands
as of 30/Apr/2024
0.00%

Business Involvement Coverage
as of 30/Apr/2024
12.73%
Percentage of Fund not covered
as of 30/Apr/2024
88.30%
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 0.74% and for Oil Sands 0.82%.

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

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

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares Emerging Markets Government Bond Index Fund (LU), Class X2 Hedged, as of 30/Apr/2024 rated against 891 Global Emerging Markets Bond - EUR Biased Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal. (Effective 26/Mar/2024)

Holdings

Holdings

as of 30/Apr/2024
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.62
ARGENTINA REPUBLIC OF GOVERNMENT 3.625 07/09/2035 0.61
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 3.5 07/31/2035 0.60
ARGENTINA REPUBLIC OF GOVERNMENT 0.75 07/09/2030 0.59
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.53
Name Weight (%)
POLAND (REPUBLIC OF) 5.5 03/18/2054 0.46
POLAND (REPUBLIC OF) 5.125 09/18/2034 0.40
QATAR (STATE OF) RegS 5.103 04/23/2048 0.39
QATAR (STATE OF) RegS 4.817 03/14/2049 0.38
KAZAKHSTAN (REPUBLIC OF) MTN RegS 5.125 07/21/2025 0.37
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/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 X2 Hedged EUR None 102.48 -0.31 -0.30 24/May/2024 103.45 90.65 LU1387770735
Class X7 USD Semi-Annual 79.51 -0.24 -0.30 24/May/2024 82.03 71.63 LU2087589268
Class I2 USD None 131.47 -0.39 -0.30 24/May/2024 132.69 115.13 LU1064902957
Class X2 USD None 137.53 -0.42 -0.30 24/May/2024 138.80 120.30 LU0826455437
Class X2 Hedged SEK None 964.81 -2.90 -0.30 24/May/2024 973.99 853.75 LU1499592894
Class I7 USD Semi-Annual 85.03 -0.26 -0.30 24/May/2024 87.66 76.62 LU1333800438
Class F2 USD None 110.14 -0.33 -0.30 24/May/2024 111.16 96.47 LU1640626278
Class I2 Hedged GBP None 108.20 -0.32 -0.29 24/May/2024 109.19 95.14 LU1400680390
Class X2 EUR None 125.30 -0.47 -0.37 24/May/2024 126.62 112.09 LU1435395394
Class A2 Hedged EUR None 98.44 -0.29 -0.29 24/May/2024 99.38 87.32 LU1373035580
Class N2 EUR - 103.09 -0.38 -0.37 24/May/2024 104.19 97.99 LU2723594235
Class I2 Hedged EUR None 100.70 -0.31 -0.31 24/May/2024 101.67 89.23 LU1373035663
Class N7 EUR Semi-Annual 93.68 -0.36 -0.38 24/May/2024 96.85 86.35 LU0916237901
Class D2 EUR - 122.16 -0.46 -0.38 24/May/2024 123.48 109.42 LU1811365292
Class D2 USD - 111.65 -0.33 -0.29 24/May/2024 112.68 97.79 LU1811365029
Class A2 USD None 130.45 -0.39 -0.30 24/May/2024 131.67 114.42 LU0836513696

Portfolio Managers

Portfolio Managers

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

Literature

Literature