IE000239FXR9
iShares Emerging Markets Government Bond Index Fund (IE)

Fixed income
Government bond
Emerging markets
SGD Cash, SRS
Accumulating

Invest with

SGD Cash, SRS

Payout type

Accumulating

Risk rating

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

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Product Highlight Sheet

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Prospectus

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Factsheet

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Our perspective

Why we think this fund is best-in-class

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.

People

Part of Blackrock’s iShares suite, a recognised platform managing more than USD2.6 trillion in assets.

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.

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%.

Cost

Access to D share class with no trailer fees to achieve the lowest possible cost.

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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Performance

Returns

NAV

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

Total returns

Cumulative

Annualised

All Time

29.78%

YTD

-0.84%

1 month

-0.84%

6 month

4.53%

1 year

5.48%

3 year

26.99%

As of Jan 2026

Distributions

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

Yield

6.57%As of Nov 2025

Risk metrics

Max drawdown

-4.22%As of Jan 2026

Volatility

5.70%As of Jan 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	-0.8%	-	-	-	-	-	-	-	-	-	-	-
2025	7.6%	1.2%	1.0%	-1.1%	-3.0%	-0.2%	1.1%	3.1%	0.4%	2.3%	2.9%	-0.1%	-0.1%
2024	10.4%	0.5%	1.5%	2.5%	-1.0%	0.9%	0.9%	0.6%	-0.3%	0.3%	1.4%	2.6%	0.1%
2023	8.5%	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

Holdings

Regions

Sectors

Argentina (Republic Of) 4.12% (2035-07-09 Maturity)	0.88%
Ecuador (Republic Of) 6.9% (2035-07-31 Maturity)	0.72%
Argentina (Republic Of) 0.75% (2030-07-09 Maturity)	0.63%
Argentina (Republic Of) 5% (2038-01-09 Maturity)	0.52%
Uruguay (Republic Of) 5.1% (2050-06-18 Maturity)	0.49%
Ghana (Republic of) 5% (2035-07-03 Maturity)	0.47%
Eagle Funding Luxco S.a.r.l. 5.5% (2030-08-17 Maturity)	0.43%
Argentina (Republic Of) 3.5% (2041-07-09 Maturity)	0.42%
Ecuador (Republic Of) 6.9% (2030-07-31 Maturity)	0.39%
Ghana (Republic of) 5% (2029-07-03 Maturity)	0.37%
Oman (Sultanate Of) 6.75% (2048-01-17 Maturity)	0.36%
Poland (Republic of) 5.5% (2054-03-18 Maturity)	0.36%
Poland (Republic of) 5.12% (2034-09-18 Maturity)	0.32%
Brazil (Federative Republic) 6.62% (2035-03-15 Maturity)	0.32%
PETRONAS Capital Ltd. 4.55% (2050-04-21 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$3.3B

As of 02 Feb 2026

Fund benchmark

JPM EMBI Global Diversified TR 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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IE000239FXR9iShares Emerging Markets Government Bond Index Fund (IE)

IE000239FXR9
iShares Emerging Markets Government Bond Index Fund (IE)