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iShares Global Government Bond Index ETF (CAD-Hedged) (XGGB : NEO)

Global Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

Close
(06-13-2024)
$18.26
Change
$0.10 (0.55%)
Open $18.22
Day Range $18.18 - $18.25
Volume 21,632

As at May 31, 2024

As at May 31, 2024

Period
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Legend

iShares Global Government Bond Index ETF (CAD-Hedged)

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Fund Returns

Inception Return (September 21, 2017): 0.16%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.52% -0.56% 1.22% -1.74% 0.67% -1.13% -3.69% -3.24% -0.97% 0.11% - - - -
Benchmark 0.00% -0.84% 0.62% -0.82% 0.03% 1.24% -2.50% -4.40% -1.98% -0.42% -0.71% -0.15% 0.99% 1.76%
Category Average 1.16% 2.23% 2.23% -0.81% 2.43% 0.70% -2.13% -1.19% -0.21% 0.49% 0.25% 0.66% 0.84% 1.06%
Category Rank 493 / 543 484 / 539 476 / 536 468 / 536 429 / 490 396 / 440 314 / 356 235 / 293 153 / 245 98 / 209 - - - -
Quartile Ranking 4 4 4 4 4 4 4 4 3 2 - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund -0.32% -0.39% -0.20% -2.02% -0.61% 3.08% 3.01% -0.40% -0.79% 0.70% -1.75% 0.52%
Benchmark -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40% -1.24% 0.00%

Best Monthly Return Since Inception

3.08% (November 2023)

Worst Monthly Return Since Inception

-3.23% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - 1.81% 6.53% 5.85% -2.27% -13.30% 5.43%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - 2 2 3 3 4 2
Category Rank - - - - 95/ 191 62/ 234 196/ 268 180/ 325 322/ 392 235/ 472

Best Calendar Return (Last 10 years)

6.53% (2019)

Worst Calendar Return (Last 10 years)

-13.30% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 92.58
Canadian Corporate Bonds 5.62
Canadian Government Bonds 1.80

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 49.60
Europe 32.51
Asia 16.28
Latin America 0.69
Multi-National 0.53
Other 0.39

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.00% 15-Feb-2034 0.60
United States Treasury 1.63% 15-May-2026 0.47
United States Treasury 4.50% 15-Nov-2033 0.42
United States Treasury 2.88% 15-May-2032 0.41
United States Treasury 0.63% 15-Aug-2030 0.39
United States Treasury 1.88% 15-Feb-2032 0.36
United States Treasury 3.88% 15-Aug-2033 0.35
United States Treasury 3.50% 15-Feb-2033 0.35
United States Treasury 0.75% 31-May-2026 0.35
United States Treasury 4.13% 15-Nov-2032 0.34

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: L. Average Credit Quality: H.
Period: 

Risk vs Return (3 Yr)

iShares Global Government Bond Index ETF (CAD-Hedged)

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 5.83% 5.23% -
Beta 0.62% 0.54% -
Alpha -0.02% 0.00% -
Rsquared 0.55% 0.50% -
Sharpe -1.11% -0.55% -
Sortino -1.33% -0.92% -
Treynor -0.10% -0.05% -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.51% 5.83% 5.23% -
Beta 0.67% 0.62% 0.54% -
Alpha 0.01% -0.02% 0.00% -
Rsquared 0.50% 0.55% 0.50% -
Sharpe -0.73% -1.11% -0.55% -
Sortino -0.62% -1.33% -0.92% -
Treynor -0.06% -0.10% -0.05% -
Tax Efficiency - - - -

Fund Details

Start Date September 21, 2017
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $396
52 Week High $18.74
52 Week Low $17.42
Annual Dividend $0.42
Annual Yield -
Index FTSE World Government Bond Index (Currency-Hedged in CAD)
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

iShares Global Government Bond (CAD Hedged) Index ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of a broad World Government bond index that is hedged to Canadian dollars. Currently, the iShares Global Government Bond (CAD Hedged) Index ETF seeks to track Citi World Government Bond Index (Currency-Hedged in CAD) (or any successor thereto).

Investment Strategy

The investment strategy of each iShares ETF is to invest in and hold a proportionate share of the Constituent Securities of the applicable index, or other Securities, in a manner that seeks to replicate the performance of that Index, in order to achieve its investment objectives. The iShares ETFs may also hold cash and cash equivalents or other money market instruments in order to meet their current obligations.

Portfolio Manager(s)

Name Start Date
BlackRock Asset Management Canada Limited 09-21-2017
BlackRock Institutional Trust Company, N.A. 09-21-2017

Management and Organization

Fund Manager BlackRock Asset Management Canada Limited
Advisor BlackRock Asset Management Canada Limited
Custodian RBC Investor Services Trust (Canada)
Registrar TSX Trust Company
Distributor -
Auditor PriceWaterhouseCoopers LLP

Fees

MER 0.22%
Management Fee 0.20%

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