IE000239FXR9
iShares Emerging Markets Government Bond Index Fund (IE)

  • Fixed income
  • Emerging markets
  • SGD Cash, SRS
  • Accumulating
Invest with
SGD Cash, SRS
Payout type
Accumulating
Risk rating
3
About this fund
Description
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, the Fund’s benchmark index (Index).
Key information
Annual report
Product Highlight Sheet
Prospectus
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Provides investors with SGD-denominated passive and low cost exposure to the USD EM sovereign debt market.Tracks the JP Morgan Emerging Markets Bond Index (Global Diversified) with very low tracking error.
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people
People
Part of Blackrock’s iShares suite, a recognised platform managing more than USD2.6 trillion in assets.
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performance
Performance
Fund’s performance since inception has only differed from the Index by essentially the Fund’s fees, which has been below 0.2% annually.
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process
Process
The fund invests in fixed income securities (physical replication) to replicate the index. The index is a USD-denominated emerging markets sovereign and quasi-sovereign index. It has a diversification scheme that allows for a more even weight distribution among the countries in the index. Country weights are capped at 10%.
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cost
Cost
Access to D share class with no trailer fees to achieve the lowest possible cost.
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selectionCriteria
How it fits in a portfolio
Investors looking to gain a passive and cost-effective exposure specifically to the USD emerging market sovereign debt market can consider the fund as a satellite position in a more broadly diversified portfolio. The fund tracks the JP Morgan Emerging Markets Bond Index Global Diversified. The index is allocated across multiple issuers including low-income countries from sub-Saharan Africa and wealthy oil exporters from the Persian Gulf.Investors should be aware that the fund invests in debt across the credit spectrum, including high yield and lower rated sovereign debt. While this may translate to higher yield, it also comes with more credit risk. Another thing of note is that the fund is SGD denominated but unhedged.Updated as of 2022/11/16
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
24.65%
YTD
2.47%
1 month
0.40%
6 month
0.27%
1 year
6.98%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Yield
6.57%As of Jul 2025
Risk metrics
Max drawdown
-4.22%As of Aug 2025
Volatility
5.77%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-1.2%1.0%-1.1%-3.0%-0.2%1.1%3.1%0.4%----
202410.4%0.5%1.5%2.5%-1.0%0.9%0.9%0.6%-0.3%0.3%1.4%2.6%0.1%
20238.5%0.6%0.2%-0.3%0.9%1.0%2.0%0.0%0.1%-1.5%-0.9%2.9%3.3%
2022---------0.0%-1.2%4.1%-1.3%
Top Exposures
BlackRock ICS USD LiqEnvtlyAwr Agcy Inc1.03%
Argentina (Republic Of) 4.12% (2035-07-09 Maturity)0.82%
Ecuador (Republic Of) 6.9% (2035-07-31 Maturity)0.64%
Argentina (Republic Of) 0.75% (2030-07-09 Maturity)0.60%
Uruguay (Republic Of) 5.1% (2050-06-18 Maturity)0.49%
Argentina (Republic Of) 5% (2038-01-09 Maturity)0.49%
Ghana (Republic of) 5% (2035-07-03 Maturity)0.44%
Argentina (Republic Of) 3.5% (2041-07-09 Maturity)0.39%
Ecuador (Republic Of) 6.9% (2030-07-31 Maturity)0.36%
Ghana (Republic of) 5% (2029-07-03 Maturity)0.35%
Poland (Republic of) 5.5% (2054-03-18 Maturity)0.34%
Oman (Sultanate Of) 6.75% (2048-01-17 Maturity)0.34%
Dominican Republic 4.88% (2032-09-23 Maturity)0.32%
Uruguay (Republic Of) 5.75% (2034-10-28 Maturity)0.32%
Uruguay (Republic Of) 4.97% (2055-04-20 Maturity)0.31%
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
0.18% p.a.
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Fund facts
ISIN
IE000239FXR9
Fund house
BlackRock
Fund size
S$3B
As of 11 Sep 2025
Fund benchmark
Morningstar EM Sov Bd GR USD
Fund inception date
06 Sep 2022
Fund class currency
SGD
Fund share class
D Acc SGD
Oldest share class ISIN
IE00BF2N5T53
Oldest share inception date
04 May 2018
Pricing frequency
Daily

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