Fixed Income

iShares Emerging Markets Government 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.

Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of perceived risk. Fixed income securities issued or guaranteed by government entities in emerging markets generally experience higher ‘Credit Risk’ than developed economies.

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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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 4 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -0.4
Benchmark (%) 5.3

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

- - - - -
Benchmark (%)

as of 31/Mar/2024

- - - - -
  1y 3y 5y 10y Incept.
- - - - -
Benchmark (%) - - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.85 1.81 1.89 6.66 - - - - -
Benchmark (%) 1.72 1.80 1.77 6.53 - - - - -

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 114,724,893
Inception Date
24/May/2019
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.03%
Annual Management Fee
0.00%
Minimum Initial Investment
USD 500,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BHZRKF9
Net Assets of Fund
as of 18/Jun/2024
USD 2,753,054,992
Fund Launch Date
04/May/2018
Base Currency
USD
Benchmark Index
J.P. Morgan Emerging Markets Bond Index Global Diversified Index
Initial Charge
0.00%
ISIN
IE00BHZRKF90
Performance Fee
0.00%
Minimum Subsequent Investment
USD 5,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BIEBFUD

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
975
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 31/May/2024
7.03
Weighted Average YTM
as of 31/May/2024
7.01%
Weighted Avg Maturity
as of 31/May/2024
10.90
12 Month Trailing Dividend Distribution Yield
as of 31/May/2024
4.23%
3y Beta
as of -
-
Modified Duration
as of 31/May/2024
6.44
Effective Duration
as of 31/May/2024
6.50
WAL to Worst
as of 31/May/2024
10.90

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Medalist Rating

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

Holdings

Holdings

as of 31/May/2024
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.63
ARGENTINA REPUBLIC OF GOVERNMENT 3.625 07/09/2035 0.58
ARGENTINA REPUBLIC OF GOVERNMENT 0.75 07/09/2030 0.57
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 3.5 07/31/2035 0.55
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.53
Name Weight (%)
POLAND (REPUBLIC OF) 5.5 03/18/2054 0.47
POLAND (REPUBLIC OF) 5.125 09/18/2034 0.42
QATAR (STATE OF) RegS 5.103 04/23/2048 0.42
QATAR (STATE OF) RegS 4.817 03/14/2049 0.37
KAZAKHSTAN (REPUBLIC OF) MTN RegS 5.125 07/21/2025 0.36
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/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
Flex USD 10.79 0.04 0.35 18/Jun/2024 10.79 9.60 IE00BHZRKF90
Class D Accumulating SGD SGD 11.23 0.00 0.00 20/Jun/2024 11.25 9.88 IE000239FXR9
Class D Acc Hedged EUR 10.14 -0.01 -0.13 20/Jun/2024 10.15 9.83 IE0000J01ZR0
Class D Dist Hedged GBP 7.76 0.03 0.35 18/Jun/2024 7.76 6.94 IE00BKFVZB33
Flex Hedged Acc EUR 9.87 -0.01 -0.13 20/Jun/2024 9.88 8.66 IE00BD9H4C29
Inst Acc USD 11.12 0.04 0.35 18/Jun/2024 11.12 9.64 IE00BZ1NTF08
Class D Acc USD 11.27 -0.01 -0.11 20/Jun/2024 11.28 9.78 IE00BF2N5T53
Inst Acc GBP 9.87 0.03 0.27 18/Jun/2024 9.89 8.79 IE00BLF0J488
Flexible Dist Hedged GBP 10.33 0.04 0.35 18/Jun/2024 10.34 9.24 IE000VN2TQC4
Flexible Dist GBP 10.18 -0.01 -0.07 20/Jun/2024 10.21 9.37 IE000AODOWS0
Class Flexible Acc USD 9.61 -0.01 -0.11 20/Jun/2024 9.62 8.33 IE00BF2N5S47
Inst Hedged Acc EUR 8.98 0.03 0.35 18/Jun/2024 8.98 7.89 IE00BJ9MTQ85

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson

Literature

Literature