Fixed Income

iShares Ultra High Quality Euro Government Bond Index Fund (IE)

  • NAV as of 22/Nov/2024 EUR 9.09
    52 WK: 8.59 - 9.16
  • 1 Day NAV Change as of 22/Nov/2024 0.04 (0.41%)

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 iBoxx € Eurozone AAA Index, the Fund’s benchmark index.

The Fund invests predominantly in fixed income (FI) securities (such as bonds) that make up the Fund’s benchmark index (which comprises AAA-rated Eurodenominated government bonds).

At the time of purchase, the FI securities will have received a credit rating of Aaa by Moody’s, AAA by Standard & Poor’s or AAA by Fitch Ratings or are deemed by the investment manager to be of an equivalent rating. 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.

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

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 1.7 3.1 3.1 -2.9 -18.4 5.7
Benchmark (%) 2.4 3.1 3.1 -2.8 -18.4 5.8

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

-0.61 -2.71 -15.75 -3.80 7.73
Benchmark (%)

as of 30/Sept/2024

-0.56 -2.66 -15.73 -3.77 7.78
  1y 3y 5y 10y Incept.
Total Return (%) 5.95 -4.84 -3.31 - -1.45
Benchmark (%) 5.98 -4.81 -3.27 - -1.36
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) -0.40 -1.37 0.19 2.91 5.95 -13.84 -15.48 - -10.26
Benchmark (%) -0.37 -1.37 0.20 2.93 5.98 -13.76 -15.32 - -9.62

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
as of 22/Nov/2024
EUR 16’953’507
Share Class launch date
09/Jun/2017
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.10%
ISIN
IE00BDRK7H99
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BDRK7H9
Net Assets of Fund
as of 21/Nov/2024
EUR 232’405’127
Fund Launch Date
01/Jul/2011
Fund Base Currency
EUR
Benchmark Index
Markit iBoxx Eurozone AAA Index
Initial Charge
0.00
Management Fee
0.15%
Performance Fee
0.00%
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRUHDEA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
96
3y Beta
as of 31/Oct/2024
1.00
Modified Duration
as of 31/Oct/2024
7.49
Effective Duration
as of 31/Oct/2024
7.58
WAL to Worst
as of 31/Oct/2024
8.77 yrs
Standard Deviation (3y)
as of 31/Oct/2024
7.86%
Yield to Maturity
as of 31/Oct/2024
2.38%
Weighted Av YTM
as of 31/Oct/2024
2.38%
Weighted Avg Maturity
as of 31/Oct/2024
8.77 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
AA
MSCI ESG Quality Score (0-10)
as of 21/Sept/2024
7.51
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
93.63
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

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 2.3 02/15/2033 2.77
GERMANY (FEDERAL REPUBLIC OF) 0 08/15/2030 2.22
GERMANY (FEDERAL REPUBLIC OF) 2.2 02/15/2034 2.18
GERMANY (FEDERAL REPUBLIC OF) 0.5 02/15/2026 2.10
BUNDESREPUBLIK DEUTSCHLAND 4 01/04/2037 2.00
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 0.5 08/15/2027 1.94
GERMANY (FEDERAL REPUBLIC OF) 2.6 08/15/2033 1.86
GERMANY (FEDERAL REPUBLIC OF) 2.5 07/04/2044 1.83
GERMANY (FEDERAL REPUBLIC OF) 1.8 08/15/2053 1.82
GERMANY (FEDERAL REPUBLIC OF) 0.25 02/15/2027 1.82
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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D EUR 9.09 0.04 0.41 22/Nov/2024 9.16 8.59 IE00BDRK7H99

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%
7’290 EUR
-10.0%

Unfavourable

What you might get back after costs
Average return each year
8’160 EUR
-18.4%
7’840 EUR
-7.8%

Moderate

What you might get back after costs
Average return each year
10’040 EUR
0.4%
10’270 EUR
0.9%

Favourable

What you might get back after costs
Average return each year
10’820 EUR
8.2%
10’860 EUR
2.8%

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



Literature

Literature