Important risk disclosure

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HK0000956794
iShares World Government Bond Index Fund

Fixed income
Global
HKD Cash
Accumulating

Invest with

HKD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund seeks to provide investment results that, before fees and expenses, closely track the performance of the FTSE MPF World Government Bond Index (HKD hedged total return).

Key information

Annual report

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Key fact sheet

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Prospectus

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Our perspective

Why we think this fund is best-in-class

Product

The Fund, formerly the BlackRock World Government Bond Index Fund, was renamed the iShares World Government Bond Index Fund in December 2017 and primarily invests in investment-grade, fixed-rate global sovereign bonds, with individual market exposure limits in line with Mandatory Provident Fund (MPF) Authority requirements. Provides investors with passive and low cost exposure to the FTSE MPF World Government Bond Index. It is an investment-grade portfolio that invests in a diversified basket of over 1,100 bonds across more than 20 countries, denominated in the domestic currency.

People

Part of BlackRock’s iShares suite, a recognized platform with over USD 5 trillion in assets under management within their ETF franchise. iShares has over 25 years of track record, replicating more than 1600 indexes across Equity and Fixed Income.

Performance

Since its inception in 2017, the Fund has effectively tracked the FTSE MPF World Government Bond Index with a tracking error of less than 0.20%. The Fund’s low expense ratio aids in cost-effective tracking of the Index.

Process

The Fund follows the same investment process and philosophy as the iShares fixed income index funds, slicing exposure across maturity, credit quality, sector, and country. Rather than holding every underlying security, it targets the Index’s overall risk characteristics by selectively investing within each bucket, helping to reduce costs. The Fund holds over 1,100 bonds, aiming to closely match the Index's yield and duration.

Cost

Access to clean retail share class with no trailer fees to achieve the lowest possible fees.

How it fits in a portfolio

Investors looking to gain a passive and cost-effective exposure to a diversified portfolio of global government bonds across the developed markets and emerging markets. Government bonds form the foundation of a defensive investment strategy. Backed by the government, they are considered low-risk investments with minimal credit risk. Importantly, government bonds can act as an effective hedge against credit and equity risk, as they tend to perform more steadily during periods of market volatility or economic uncertainty.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

8.29%

YTD

1.46%

1 month

1.52%

6 month

2.55%

1 year

2.49%

As of Feb 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Yield

3.38%As of Feb 2026

Risk metrics

Max drawdown

-2.54%As of Feb 2026

Volatility

3.72%As of Feb 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	-0.1%	1.5%	-	-	-	-	-	-	-	-	-	-
2025	2.4%	0.1%	1.3%	-0.4%	1.1%	-0.7%	0.5%	-0.6%	0.1%	0.6%	0.8%	0.1%	-0.4%
2024	1.0%	-0.4%	-1.0%	0.7%	-1.8%	0.7%	0.7%	1.9%	0.9%	0.9%	-1.6%	1.1%	-1.0%
2023	-	-	-	-	-	-	-	-	-	-	-	0.0%	3.2%

Top Exposures

Holdings

Regions

Sectors

China (People's Republic Of) (2033-08-25 Maturity)	1.22%
China (People's Republic Of) (2028-01-15 Maturity)	0.91%
China (People's Republic Of) (2029-07-15 Maturity)	0.86%
China (People's Republic Of) (2030-05-21 Maturity)	0.60%
China (People's Republic Of) (2035-02-15 Maturity)	0.54%
United States Treasury Notes (2027-08-31 Maturity)	0.51%
United States Treasury Notes (2034-08-15 Maturity)	0.50%
China (People's Republic Of) (2030-01-25 Maturity)	0.47%
China (People's Republic Of) (2031-12-25 Maturity)	0.47%
China (People's Republic Of) (2032-02-17 Maturity)	0.46%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

0.20% p.a.

Fund facts

ISIN

HK0000956794

Fund house

BlackRock

Fund inception date

15 Nov 2023

Fund class currency

HKD

Fund share class

D2 HKD Acc

Oldest share class ISIN

HK0000303930

Oldest share inception date

23 Mar 2017

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

Opinions Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus HK Limited (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus HK Limited, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.

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HK0000956794iShares World Government Bond Index Fund

HK0000956794
iShares World Government Bond Index Fund