iShares Government Bond 3-5 EUR Inc NAV

SUMMARY

Fund Overview
Fund Type	FT Offshore Funds
Unit Type	Income
Status	Ireland Regulated
Sector	Fixed Income Global
Launch Date	11/12/2006
Currency	Euro (EUR)
Domicile	Ireland
ISIN	IE00B1FZS681
SEDOL	B1GH1M0
MEXID	UOISGB

Investing in the Fund
Initial Charge	-
Annual Charge
Exit Charge	-
Min. Initial Investment	-
Min. Additional Investment	-
Min. Regular Investment	-
UK ISA	yes
CAT Standard	no
UK PEP	no

Contact Information

Fund Management Group	iShares	Website	www.iShares.com
Fund Management Company	iShares	Email	info@iShares.co.uk
Fund Manager	-	Telephone	+44 084 5357 7000
		Fax	+44 207 668 6007

PERFORMANCE

COMPARE WITH
	Add a sector benchmark and/or a market index to the chart above.

	Sector
	Market Index
	Timeframe:

	The Breakdown

CUMULATIVE PERFORMANCE			Performance to: 20/11/2009
% Return	1 MTD	3 MTD	6 MTD	1 Year	3 Year	5 Year	YTD
iShares Government Bond 3-5 EUR Inc NAV	+0.56	+1.30	+2.70	+8.11	-	-	+6.83

DISCRETE CALENDAR YEAR PERFORMANCE
% Return	2004	2005	2006	2007	2008
iShares Government Bond 3-5 EUR Inc NAV	-	-	-	-	+9.20

DISCRETE QUARTERLY ONE YEAR PERFORMANCE
% Return	30/09/04 to 30/09/05	30/09/05 to 30/09/06	30/09/06 to 30/09/07	30/09/07 to 30/09/08	30/09/08 to 30/09/09
iShares Government Bond 3-5 EUR Inc NAV	-	-	-	+4.68	+11.92

HISTORY

	Price History

Start Date:

End Date:

	19/11/2008	19/11/2009	% Change	Change
Nav (EUR)	142.01	147.28	+3.71	+5.27

	Dividend History

Dividend gross (EUR)	Ex-dividend date	Payment date
1.96	28/10/2009	25/11/2009
2.30	29/04/2009	27/05/2009
2.30	28/04/2009	27/05/2009
2.40	29/10/2008	26/11/2008
2.66	30/04/2008	28/05/2008
2.28	31/10/2007	28/11/2007
2.96	25/04/2007	23/05/2007

RATINGS

S&P Fund Management Ratings


-

Timeframe	3YR	5YR	10YR	Overall


Total Return	-	-	-	-
Consistent Return	-	-	-	-
Preservation	-	-	-	-
Expense	-	-	-	-

	Star Rating	3YR %	5YR %	Career %


Fund Rating
Fund Manager MRI	n/a	-	-	-

Morningstar Rating	Morningstar Category


-	-

NEWS

	Fund News

No fund news to display.

	Company And Group News

	Advisers 'rarely' recommend ETFs: NMG More than half of IFAs are not very or not at all confident in their knowledge of exchange-traded funds, according to research by NMG Financial Services. 15/10/2009
	A tale of success in a time of failure However, some analysts believe the growth of exchange traded funds may soon level out 20/04/2009
	Barclays sells iShares for £3bn to CVC Capital Partners Barclays has sold ETF business iShares for £3bn to Luxembourg-headquartered private equity group CVC Capital Partners. 13/04/2009
	Barclays sells ishares for £3bn Barclays has sold ETF business iShares for £3bn to Luxembourg-headquartered private equity group CVC Capital Partners. 09/04/2009
	iShares' new ETFs open up Gulf region to investors Two ETFs have been launched by iShares for investors seeking exposure to the Gulf Cooperation Council region and emerging market small caps. 30/03/2009

ASSETS AND HOLDINGS

	Fund Size	312.30m EUR

TOP 10 HOLDINGS	30/06/2009
BTPS 4.25% Oct 15 2012	9.42%
BTAN- 5 YR ISSUE 3.75% Jan 12 2013	9.12%
BUNDESOBL-152 3.5% Apr 12 2013	9.11%
BUNDESOBL-153 4% Oct 11 2013	9.09%
BTAN- 5 YR ISSUE 2.5% Jan 12 2014	8.95%
BTPS 3.75% Dec 15 2013	8.81%
BTPS 4.25% Apr 15 2013	8.05%
BUNDESOBL-151 4.25% Oct 12 2012	7.74%
BUNDESOBL-154 2.25% Apr 11 2014	6.89%
BTAN- 5 YR ISSUE 4.5% Jul 12 2013	6.35%
Total % Holdings	83.53%

ASSET ALLOCATIONS	30/06/2009

RISK

Stat

Time Period

	Risk Indicators
	Risk indicators are intended to help understand the risk vs potential reward of investing in the fund. The quartile column next to each statistic indicates the funds performance on this factor relative to comparible funds over the same time period. Quartile 1 indicates top 25% performance. Please note, the quartile column is not displayed for Exchange Traded Funds.

Time Period

Benchmark or Sector used: JPMorgan Morgan Global (WLD)

Tracking Error

+0.45
value

1
quartile

Tracking error indicates the difference between the return of the fund and that of the benchmark it was meant to track or beat. A Low tracking error means a fund is closely tracking its benchmark while a high tracking errors indicates the opposite.

As a general rule, the tracking error for passively managed funds, such as index funds, should be as low as possible. Actively managed funds usually seek to beat its benchmark. In these cases, the investor generally seeks to maximize tracking error. A high tracking error might also indicate that the fund should be measured against a more appropriate benchmark.

R Squared

+0.28
value

4
quartile

The R-squared of a fund indicates if the fund is being compared to an appropriate benchmark. R-squared describes the portion of a funds performance that is explained by movements in the market benchmark. R-squared can help an investor assess the usefulness of a fund’s beta or alpha statistics. For example, the higher the R-squared value the more you can trust the fund’s alpha and beta statistics. The R-squared value varies from 0 to 1 and values greater than 0.85 are often considered high while a value less than 0.70 would be considered low.

Alpha

+0.08
value

2
quartile

Alpha is the amount by which an investment’s actual return exceeds or falls short of its expected return given its level of risk (beta). A positive alpha indicates that an investment has performed better than expected given its beta; whereas, a negative alpha indicates poorer performance.

For instance, with an R-squared value we can trust, an alpha of 1.2 infers that a fund is projected to increase 20% when the fund’s "beta" is zero.

Beta

0.432676
value

Beta measures how much a fund is likely to move with the general market. Assuming a high R-squared value beta can be used to predict the fund’s expected return: When the beta of the fund is 0.6, the value of the fund rises by on average 0.6% when the benchmark index rises by 1%. Correspondingly, when the benchmark index falls by 1%, the value of the fund falls on average by 0.6%.

Sharpe

+0.20
value

2
quartile

The Sharpe ratio is a performance figure which has been adjusted for the risk the fund has taken to achieve it’s actual performance i.e. it reveals the risk/return efficiency of a fund. With this ratio we can compare funds with similar risk characteristics to identify the most efficient portfolio. The higher the Sharpe ratio, the better the fund's historical risk-adjusted performance. Sharpe ratio should only be used when comparing funds in a common peer group.

When stock markets perform poorly, most equity funds will exhibit negative Sharpe ratios. Ranking negative Sharpe ratios can be misleading since a smaller negative is a larger number. This can lead to results that are ambiguous and logically backwards. Therefore we don’t display Sharpe ratios or include them in the Quartile ranking when the ratio is negative.

Information Ratio

+0.16
value

2
quartile

The information ratio can be used as a measurement of the active investment manager’s skill. The fund with the higher information ratio has earned more value added per unit of departure from the benchmark. A ratio of 0.5 is considered a satisfactory measure while a negative value indicates that the fund underperformed its benchmark.

Volatility

+0.41
value

4
quartile

Volatility (standard deviation) refers to the amount of uncertainty about the size of changes in funds value. A higher volatility means that the price of the fund can change dramatically in either direction in short time. A lower volatility indicates that the funds value does not fluctuate dramatically.

For example, for a fund with a volatility figure of 2% and a mean annual return of 5%, you would expect the return to be between 3% and 7% about 68% of the time, and between 1% and 9% about 95% of the time.