Fixed Income

BGF US Dollar Bond Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.


Important Information:
Investors must read the Prospectus for any fund in which they wish to invest. Please contact us at the BlackRock Advisors UK Limited-Dubai Branch for the relevant Prospectus.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

Performance chart data not available for display.
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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 6.5 -0.2 2.6 3.9 -0.7 9.3 8.3 -1.5 -14.2 5.4
Constraint Benchmark 1 (%) 6.0 0.5 2.6 3.5 0.0 8.7 7.5 -1.5 -13.0 5.5

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
-1.35 -3.90 -0.19 1.13 1.88
Constraint Benchmark 1 (%) -1.47 -3.54 -0.16 1.20 1.63
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-2.78 -2.38 -2.82 5.41 -1.35 -11.25 -0.93 11.89 27.01
Constraint Benchmark 1 (%) -3.28 -2.53 -3.02 4.97 -1.47 -10.24 -0.77 12.67 23.01
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31-Mar-2024

4.86 5.74 -4.78 -5.69 1.89
Constraint Benchmark 1 (%)

as of 31-Mar-2024

8.93 0.71 -4.15 -4.78 1.70

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in USD, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund as of 17-May-2024 USD 487,956,007
Share Class launch date 04-Jul-2011
Fund Launch Date 07-Apr-1989
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
Constraint Benchmark 1 BBG U.S. Aggregate Index
Initial Charge 5.00%
Ongoing Charges Figures 0.65%
ISIN LU0592701923
Annual Management Fee 0.45%
Performance Fee 0.00%
Minimum Initial Investment USD 100,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category USD Diversified Bond
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFCBD3
SEDOL B45NCV6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30-Apr-2024 1493
12 Month Trailing Dividend Distribution Yield as of 30-Apr-2024 4.01
Standard Deviation (3y) as of 30-Apr-2024 7.23%
3y Beta as of 30-Apr-2024 0.972
Yield to Maturity as of 30-Apr-2024 5.99
Modified Duration as of 30-Apr-2024 6.19
Weighted Average YTM as of 30-Apr-2024 5.98%
Effective Duration as of 30-Apr-2024 5.87
Weighted Avg Maturity as of 30-Apr-2024 9.00
WAL to Worst as of 30-Apr-2024 9.00

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF US Dollar Bond Fund, Class D3, as of 30-Apr-2024 rated against 401 USD Diversified Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 20-Nov-2023)

Holdings

Holdings

as of 30-Apr-2024
Name Weight (%)
UNITED STATES TREASURY 23.30
FEDERAL NATIONAL MORTGAGE ASSOCIATION 11.23
FEDERAL HOME LOAN MORTGAGE CORPORATION 8.49
UNIFORM MBS 6.93
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 3.57
Name Weight (%)
DIAMONDBACK ENERGY INC 1.38
GOLDMAN SACHS GROUP INC/THE 1.27
MORGAN STANLEY 1.12
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 0.97
SPRINT LLC 0.88
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Apr-2024

% of Market Value

Type Fund Benchmark Net
¹Allocations are subject to change. Source: BlackRock
as of 30-Apr-2024

% of Market Value

Type Fund Benchmark Net
as of 30-Apr-2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D3 USD 14.84 -0.04 -0.27 17-May-2024 15.27 14.01 LU0592701923
Class A2 USD 32.23 -0.09 -0.28 17-May-2024 32.67 29.78 LU0096258362
Class A1 USD 14.80 -0.04 -0.27 17-May-2024 15.22 13.97 LU0028835386
Class A3 USD 14.84 -0.04 -0.27 17-May-2024 15.27 14.01 LU0172417379
Class D2 USD 34.09 -0.09 -0.26 17-May-2024 34.51 31.43 LU0548367084
Class D2 Hedged GBP 10.08 -0.02 -0.20 17-May-2024 10.22 9.32 LU1294567448

Portfolio Managers

Portfolio Managers

Aidan Doyle, CFA
Managing Director, Portfolio Manager

  

Chi Chen
Director, Portfolio Manager

  

David Rogal
Managing Director, Portfolio Manager

  

Sam Summers
Director, Portfolio Manager

   

Literature

Literature