Fact sheet: BlackRock GIF € Govt Bd Idx

Fund information
Fund name
BlackRock GIF Euro Government Bond Index D2 EUR
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Sid Swaminathansince 22/10/2012
  • Michael Harpersince 22/10/2012
  • Paul Lucassince 22/10/2012
Fund objective
The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund's assets, which reflects the return of the Citigroup Euro Government Bond Index, the Fund's benchmark index. The Fund aims to invest as far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the benchmark index and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them.
Benchmark
  • Citigroup EMU Government Bond Index
Investment style
Passive/Tracking
Investment method
Fixed Interest, Physical – Sampled/Optimised
Quick stats
1 Year return
2%
1 Year rank in sector
42/65
Sector
FO Fixed Int - EUR Investment Grade
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.23%
Fund size
£450m (£821m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
76
Top in this sector
Fund name1 Year
Capital Group ECorpBdLUX21.3%
Russell IC II Euro FI19.6%
Capital Group EBdFL18.7%
Pimco GIS Euro Income Bond5.2%
SSgA EUrCrex-FinBdInd4.3%
...more in FO Fixed Int - EUR Investment Grade

Performance snapshot

Holdings snapshot

  • France24.5%
    Italy23.9%
    Germany18.3%
    Spain13.9%
    Belgium6.3%
  • Government Bonds100%
    Money Market0%
  • French Fixed Interest24.5%
    Italian Fixed Interest23.9%
    German Fixed Interest18.3%
    Spanish Fixed Interest13.9%
    Belgian Fixed Interest6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%-3.9%-1.8%2%16.8%-
Sector-1.5%-2.6%-0.1%2.7%12.1%34.7%
Rank within sector57 / 6561 / 6563 / 6542 / 659 / 62-
Quartile4th4th4th3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund1.9%1.3%13.1%--
Sector2.8%-0.2%8.9%3.4%15.2%
Rank within sector48 / 659 / 642 / 62--
Quartile3rd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.96
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.14
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.4
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.47
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.31
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.63
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.74
Price movement
52 week high125.18
52 week low117.22
Current bid price-
Current offer price-
Current mid price119.5
Region
1France24.54%
2Italy23.87%
3Germany18.28%
4Spain13.92%
5Belgium6.29%
6Netherlands5.87%
7Austria3.81%
8Ireland1.92%
9Finland1.46%
Industry sector
1Government Bonds99.96%
2Money Market0.04%
Asset type
1French Fixed Interest24.54%
2Italian Fixed Interest23.87%
3German Fixed Interest18.28%
4Spanish Fixed Interest13.92%
5Belgian Fixed Interest6.29%
6Dutch Fixed Interest5.87%
7Austrian Fixed Interest3.81%
8Irish Fixed Interest1.92%
9Finnish Fixed Interest1.46%
Individual holdings
1FRANCE(GOVT OF) 3.5% BDS 25/04/20 EUR11.01%
2FRANCE(GOVT OF) 4% TB 25/04/18 EUR11%
3ITALY(REPUBLIC OF) 6% BDS 1/5/2031 EUR10000.99%
4FRANCE(GOVT OF) 2.25% BDS 25/05/24 EUR10.96%
5ITALY(REPUBLIC OF) 6.5% TREAS BDS 1/11/2027 EUR0.010.95%
6GERMANY(FEDERAL REPUBLIC OF) 3.75% BDS 04/01/19 EUR0.010.94%
7FRANCE(GOVT OF) 0.5% BDS 25/05/25 EUR10.92%
8ITALY(REPUBLIC OF) 5.5% BDS 01/11/22 EUR10000.92%
9FRANCE(GOVT OF) 5.75% BDS 25/10/2032 EUR10.91%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund's assets, which reflects the return of the Citigroup Euro Government Bond Index, the Fund's benchmark index. The Fund aims to invest as far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the benchmark index and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them.
Benchmark
  • Citigroup EMU Government Bond Index
Investment style
Passive/Tracking
Investment method
Fixed Interest, Physical – Sampled/Optimised
Fund managers
NameSinceBiography
Sid Swaminathan22/10/2012Sid Swaminathan, Director and portfolio manager, is a member of BlackRock's Model-Based Fixed Income Portfolio Management Group. Mr. Swaminathan's service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was a member of the Portfolio Solutions team. Mr. Swaminathan earned a BS degree, with honors, in computer engineering from the University of Illinois at Urbana-Champaign in 2003 and a Masters degree in financial engineering from the University of California at Berkeley in 2005.
Michael Harper22/10/2012Michael Harper, CFA, Director and portfolio manager, is a member of BlackRock's Model-Based Fixed Income Portfolio Management Group. Mr. Harper's service with the firm dates back to 1999, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was also acting co-head of the team focusing primarily on corporate bond portfolios within the Portfolio Solutions team. Mr. Harper earned a BSc degree in mathematics and finance from Southampton University in 1998. Mr. Harper holds the Securities Institute Bond and Fixed Interest Diploma
Paul Lucas22/10/2012Paul Lucas CFA, Vice President, is a Portfolio Manager within BlackRock's Portfolio Solutions team, based in London. He is responsible for the management of Fixed Income Portfolios primarily focusing on Rates and Rates Overlay strategies. Prior to joining BlackRock in 2011, Mr. Lucas was a Fixed Income Portfolio Manager at State Street Global Advisors for 3 years, managing government bond portfolios. Prior to this he was a Fixed Income Portfolio Dealer at the same company for 4 years, where he traded fixed income cash and derivative products. He began his career at State Street Global Advisors in 2001 as an Operations Specialist. Mr. Lucas earned a BSc (Hons) degree in Money, Banking & Finance from the University of Birmingham in 2001. He also holds the Investment Management Certificate (IMC) and is a CFA Charter holder.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Sweden, South Africa
BlackRock GIF Euro Government Bond Index A2 EUR
Initial charge5%
Annual charge0.45%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.95
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGW5F
BlackRock GIF Euro Government Bond Index D2 EUR
Initial charge5%
Annual charge0.15%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.5
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF58C
BlackRock GIF Euro Government Bond Index F2 EUR
Initial charge5%
Annual charge0.15%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price122.43
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGW5G
BlackRock GIF Euro Government Bond Index N2 EUR
Initial charge5%
Annual charge0.15%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price122.59
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGW5H
BlackRock GIF Euro Government Bond Index N7 EUR
Initial charge5%
Annual charge0.15%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.1
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF3IX
BlackRock GIF Euro Government Bond Index X2 EUR
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.38
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGW5I
Data provided by

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