Fixed Income

iShares Emerging Markets Government Bond Index Fund (IE)

  • NAV as of 20/Nov/2024 EUR 10.47
  • 1 Day NAV Change as of 20/Nov/2024 0.01 (0.07%)

Overview

Investment Approach


The Fund aims to achieve a total return on your investment, through a combination of capital growth and income, which reflects the return of the J.P. Morgan Emerging Market Bond Index Global Diversified Custom Defaults Index, the Fund’s benchmark index (the “Index”).

The Fund invests predominantly in the fixed income (FI) securities (such as bonds) that make up the Index. The Index comprises USD denominated fixed and floating rate income securities issued by emerging market sovereign and quasi-sovereign entities. Quasi-sovereign entities must be 100% guaranteed or 100% owned by the relevant sovereign entity.

At the time of purchase, the FI securities may be investment grade or below investment grade (i.e. meet a specified level of credit worthiness) or are unrated. Below investment grade FI securities may constitute a significant portion of the Index.

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

This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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
as of 20/Nov/2024
EUR 14,749,041
Share Class launch date
06/Mar/2024
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.20%
ISIN
IE0000J01ZR0
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BN7H9B8
Net Assets of Fund
as of 20/Nov/2024
USD 2,542,017,947
Fund Launch Date
04/May/2018
Fund Base Currency
USD
Benchmark Index
JPM Emerging Markets Bond Index Global Diversified Custom Defaults
Initial Charge
0.00%
Management Fee
0.17%
Performance Fee
0.00%
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
ISHEMDA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
960
3y Beta
as of -
-
Modified Duration
as of 31/Oct/2024
6.63
Effective Duration
as of 31/Oct/2024
6.67
WAL to Worst
as of 31/Oct/2024
11.05
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 31/Oct/2024
6.68
Weighted Average YTM
as of 31/Oct/2024
6.67%
Weighted Avg Maturity
as of 31/Oct/2024
11.05

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
ARGENTINA REPUBLIC OF GOVERNMENT 4.125 07/09/2035 0.71
ARGENTINA REPUBLIC OF GOVERNMENT 0.75 07/09/2030 0.63
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.59
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 5.5 07/31/2035 0.58
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.55
Name Weight (%)
ARGENTINA REPUBLIC OF GOVERNMENT 5 01/09/2038 0.42
GHANA (REPUBLIC OF) RegS 5 07/03/2035 0.41
QATAR (STATE OF) RegS 4.817 03/14/2049 0.40
POLAND (REPUBLIC OF) 5.5 03/18/2054 0.40
QATAR (STATE OF) RegS 5.103 04/23/2048 0.40
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/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
Class D Acc Hedged EUR 10.47 0.01 0.07 20/Nov/2024 10.71 9.83 IE0000J01ZR0
Inst Acc USD 11.56 0.01 0.08 20/Nov/2024 11.79 10.13 IE00BZ1NTF08
Class Flexible Acc USD 10.01 0.01 0.08 20/Nov/2024 10.21 8.76 IE00BF2N5S47
Flex Hedged Acc EUR 10.19 0.01 0.08 20/Nov/2024 10.42 9.09 IE00BD9H4C29
Inst Acc GBP 10.30 0.02 0.19 20/Nov/2024 10.30 9.10 IE00BLF0J488
Class D Accumulating SGD 11.62 0.06 0.56 20/Nov/2024 11.62 10.13 IE000239FXR9
Class S Hedged GBP 9.97 0.01 0.08 20/Nov/2024 10.18 9.91 IE000HOCKMW8
Class S Hedged EUR 9.95 0.01 0.07 20/Nov/2024 10.17 9.89 IE0000M1O857
Flexible Dist GBP 10.35 0.02 0.19 20/Nov/2024 10.35 9.64 IE000AODOWS0
Inst Hedged Acc EUR 9.26 0.01 0.07 20/Nov/2024 9.47 8.27 IE00BJ9MTQ85
Class D Dist Hedged GBP 7.83 0.01 0.08 20/Nov/2024 8.00 7.28 IE00BKFVZB33
Flex USD 10.92 0.01 0.08 20/Nov/2024 11.14 10.09 IE00BHZRKF90
Flexible Dist Hedged GBP 10.43 0.01 0.08 20/Nov/2024 10.65 9.70 IE000VN2TQC4
Class D Acc USD 11.73 0.01 0.08 20/Nov/2024 11.97 10.27 IE00BF2N5T53

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson

Literature

Literature