Fixed Income

iShares Euro Government Bond Index Fund (LU)

  • NAV as of 22/Nov/2024 EUR 121.18
    52 WK: 113.49 - 122.19
  • 1 Day NAV Change as of 22/Nov/2024 0.29 (0.24%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the FTSE EMU Government Bond Index, the Fund’s benchmark index.

The Fund is passively managed and aims to invest as far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the Index and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them.

The benchmark index measures the performance of Euro denominated bonds issued by governments in the Economic and Monetary Union (EMU). The bonds will, at the time of inclusion in the benchmark index, be investment grade (i.e. meet a specified level of creditworthiness).

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 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

View full chart

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 13.3 1.5 3.3 0.1 0.9 6.8 5.0 -3.5 -18.4 6.8
Benchmark (%) 13.2 1.7 3.2 0.2 0.9 6.7 5.0 -3.5 -18.5 7.2

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
30/Sept/2019
To
30/Sept/2020		 From
30/Sept/2020
To
30/Sept/2021		 From
30/Sept/2021
To
30/Sept/2022		 From
30/Sept/2022
To
30/Sept/2023		 From
30/Sept/2023
To
30/Sept/2024
Total Return (%)

as of 30/Sept/2024

0.71 -1.99 -16.85 -2.51 9.23
Benchmark (%)

as of 30/Sept/2024

0.66 -1.82 -17.13 -2.22 9.28
  1y 3y 5y 10y Incept.
Total Return (%) 7.10 -4.25 -2.72 0.29 1.49
Benchmark (%) 7.76 -4.08 -2.61 0.35 1.51
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 0.54 -1.39 0.32 2.63 7.10 -12.20 -12.90 2.96 19.39
Benchmark (%) 0.97 -1.00 0.68 3.04 7.76 -11.75 -12.38 3.56 19.75

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 EUR.

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 22/Nov/2024
EUR 116’698’014
Fund Launch Date
23/Oct/2012
Fund Base Currency
EUR
Benchmark Index
FTSE EMU Government Bond Index
Initial Charge
0.00
Management Fee
0.00%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGIEGX2
Share Class launch date
23/Oct/2012
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.07%
ISIN
LU0826454976
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Government Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B8970B8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
389
3y Beta
as of 31/Oct/2024
0.97
Modified Duration
as of 31/Oct/2024
7.18
Effective Duration
as of 31/Oct/2024
7.28
WAL to Worst
as of 31/Oct/2024
8.93 yrs
Standard Deviation (3y)
as of 31/Oct/2024
7.66%
Yield to Maturity
as of 31/Oct/2024
2.83%
Weighted Av YTM
as of 31/Oct/2024
2.83%
Weighted Avg Maturity
as of 31/Oct/2024
8.93 yrs

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 21/Sept/2024
A
MSCI ESG Quality Score (0-10)
as of 21/Sept/2024
6.39
Fund Lipper Global Classification
as of 21/Sept/2024
Bond EMU Government
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of -
-
MSCI ESG % Coverage
as of 21/Sept/2024
100.00
MSCI ESG Quality Score - Peer Percentile
as of 21/Sept/2024
45.86
Funds in Peer Group
as of 21/Sept/2024
157
MSCI Weighted Average Carbon Intensity % Coverage
as of 21/Sept/2024
0.00
All data is from MSCI ESG Fund Ratings as of 21/Sept/2024, based on holdings as of 31/May/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.

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

3 stars
Overall Morningstar Rating for iShares Euro Government Bond Index Fund (LU), Class X2, as of 31/Oct/2024 rated against 571 EUR Government Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 30/Sept/2024)
Analyst-Driven % as of 30/Sept/2024
20.00
Data Coverage % as of 30/Sept/2024
96.00

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
FRANCE (REPUBLIC OF) 2.5 05/25/2030 0.90
FRANCE (REPUBLIC OF) 2.75 10/25/2027 0.88
FRANCE (REPUBLIC OF) 0.75 05/25/2028 0.85
FRANCE (REPUBLIC OF) 1.5 05/25/2031 0.84
FRANCE (REPUBLIC OF) 0.75 11/25/2028 0.77
Name Weight (%)
FRANCE (REPUBLIC OF) 0 11/25/2031 0.75
FRANCE (REPUBLIC OF) 2.75 02/25/2029 0.73
FRANCE (REPUBLIC OF) 3.5 11/25/2033 0.72
FRANCE (REPUBLIC OF) 1.25 05/25/2034 0.72
FRANCE (REPUBLIC OF) 0.5 05/25/2029 0.72
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
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 EUR None 121.18 0.29 0.24 22/Nov/2024 122.19 113.49 LU0826454976
Class F2 EUR None 118.53 0.28 0.24 22/Nov/2024 119.55 111.21 LU0836516103
Class A2 EUR None 114.33 0.27 0.24 22/Nov/2024 115.36 107.59 LU0836513266
Class D2 EUR None 115.76 0.27 0.23 22/Nov/2024 116.75 108.56 LU0839964631
Class N2 EUR None 118.96 0.28 0.24 22/Nov/2024 119.97 111.58 LU0839963237
Class N7 EUR Semi-Annual 103.77 0.24 0.23 22/Nov/2024 104.93 99.18 LU0852473791

Portfolio Managers

Portfolio Managers

Missing portfolio manager content

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 3 years
Example Investment EUR 10’000
Scenario
If you exit after 1 year
If you exit after 3 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
8’160 EUR
-18.4%
7’400 EUR
-9.5%

Unfavourable

What you might get back after costs
Average return each year
8’160 EUR
-18.4%
7’920 EUR
-7.5%

Moderate

What you might get back after costs
Average return each year
10’100 EUR
1.0%
10’350 EUR
1.2%

Favourable

What you might get back after costs
Average return each year
11’190 EUR
11.9%
11’310 EUR
4.2%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature