Fixed Income

iShares World ex-Euro Government Bond Index Fund (IE)

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  • NAV as of 29/Oct/2024 CHF 10.26
  • 1 Day NAV Change as of 29/Oct/2024 0.01 (0.08%)

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 FTSE World Government Bond Index (ex-EMU Government Bonds), the Fund’s benchmark index.

The Fund invests predominantly in the fixed income (FI) securities (such as bonds) that make up the Fund's benchmark index (which comprises world government bonds excluding EMU participant states). At the time of purchase, the FI securities will be investment grade rated (i.e. meet a specified level of credit worthiness). If the credit rating of a FI security is downgraded, the Fund may continue to hold this, until it is practicable to sell the position.

The benchmark index measures the performance of bonds issued by governments and includes countries in the FTSE World Government Bond Index but excludes countries in the FTSE EMU Government Bond Index. The benchmark index includes FI securities with a maturity (i.e. the time until they become due for repayment) which is greater than a year and which pay a fixed rate of interest.

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

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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 CHF, 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 29/Oct/2024
CHF 88’288’852
Share Class launch date
01/Nov/2023
Share Class Currency
CHF
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.03%
ISIN
IE000XJ730F3
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BN7K5C0
Net Assets of Fund
as of 29/Oct/2024
USD 1’016’833’766
Fund Launch Date
02/Nov/2018
Fund Base Currency
USD
Benchmark Index
FTSE World Government Bond Index (ex-EMU Government Bonds)
Initial Charge
0.00
Management Fee
0.00%
Performance Fee
0.00%
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRIGVBF

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Sept/2024
748
3y Beta
as of -
-
Modified Duration
as of 30/Sept/2024
7.06
Effective Duration
as of 30/Sept/2024
7.03
WAL to Worst
as of 30/Sept/2024
8.92 yrs
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 30/Sept/2024
3.09%
Weighted Av YTM
as of 30/Sept/2024
3.09%
Weighted Avg Maturity
as of 30/Sept/2024
8.92 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
5.79
Fund Lipper Global Classification
as of 21/Sept/2024
Bond USD 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
8.62
Funds in Peer Group
as of 21/Sept/2024
174
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

Holdings

Holdings

as of 30/Sept/2024
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.4 07/15/2028 2.05
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.37 01/20/2027 1.52
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.44 10/15/2027 0.93
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.69 08/15/2032 0.86
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.46 02/15/2026 0.78
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.12 10/25/2052 0.75
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.39 11/15/2026 0.74
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.6 09/15/2030 0.72
TREASURY NOTE 4 02/15/2034 0.69
TREASURY NOTE 3.875 08/15/2033 0.60
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Sept/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Sept/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Sept/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Sept/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Sept/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 Flexible Hedge CHF 10.26 0.01 0.08 29/Oct/2024 10.55 10.00 IE000XJ730F3
Class Flexible Hedge SGD 10.15 0.01 0.09 29/Oct/2024 10.41 9.60 IE0007DDUVE7
Flex USD 7.76 0.01 0.07 29/Oct/2024 8.07 7.40 IE00BYQQ0X26
Flex USD 19.58 0.01 0.07 29/Oct/2024 20.37 18.21 IE0005033380
Inst USD 13.30 0.01 0.07 29/Oct/2024 13.83 12.38 IE00B1W4R493
Class D Acc EUR 11.07 0.03 0.25 29/Oct/2024 11.24 10.34 IE00BDZRS805
Inst Hedged Acc EUR 9.36 0.01 0.09 29/Oct/2024 9.60 8.87 IE00BGR7K831
Inst EUR 9.64 0.02 0.25 29/Oct/2024 9.79 9.15 IE00BJK0X817
Class Flex Hedged Di GBP 8.78 -0.01 -0.06 13/Nov/2023 9.25 8.62 IE00BD5D0B54
Class Flexible Acc H USD 10.26 0.01 0.09 29/Oct/2024 10.49 9.51 IE0001JCX718
Class Flexible Acc H EUR 8.64 0.01 0.09 29/Oct/2024 8.85 8.15 IE00BMY53838
Class D USD 9.42 0.01 0.07 29/Oct/2024 9.80 8.77 IE00BD0NC581

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner
PortSols RATES LON GFI-EU Group
PortSols RATES LON GFI-EU Group

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 CHF 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
8’060 CHF
-19.4%
7’500 CHF
-9.2%

Unfavourable

What you might get back after costs
Average return each year
8’060 CHF
-19.4%
7’660 CHF
-8.5%

Moderate

What you might get back after costs
Average return each year
9’870 CHF
-1.3%
10’390 CHF
1.3%

Favourable

What you might get back after costs
Average return each year
11’230 CHF
12.3%
11’450 CHF
4.6%

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



Literature

Literature