Fixed Income

BGF Global Inflation Linked 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.

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

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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) 5.12 -5.97 8.10 -2.08 7.26 0.88 -2.62 2.99 3.92 3.43
Constraint Benchmark 1 (%) 5.60 -5.51 9.04 -1.12 10.22 3.08 0.99 6.86 6.38 5.55
  1Y 3Y 5Y 10y Incept.
-10.11 -1.03 -0.36 0.48 2.18
Constraint Benchmark 1 (%) -6.94 1.58 2.63 2.71 4.10
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-9.80 1.29 -4.24 -5.99 -10.11 -3.05 -1.77 4.87 33.40
Constraint Benchmark 1 (%) -6.84 2.15 -2.14 -3.43 -6.94 4.80 13.84 30.64 71.11
  From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of Sep 30, 2022

0.22 2.67 2.02 3.18 -10.91
Constraint Benchmark 1 (%)

as of Sep 30, 2022

2.62 8.20 4.23 5.04 -8.37
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets of Fund as of Dec 7, 2022 USD 334,056,933
Share Class Inception Date Jul 23, 2009
Fund Inception Date Jun 19, 2009
Share Class Currency EUR
Base Currency USD
Asset Class Fixed Income
Constraint Benchmark 1 BBG WGILB All Markets 1-20Yrs 100% Hedged to USD Index
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 0.98%
Annual Management Fee 0.75%
Performance Fee 0.00%
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Inflation-Linked Bond - EUR Hedged
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFIA2E
ISIN LU0425308169
SEDOL B45H199

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Nov 30, 2022 124
Standard Deviation (3y) as of Nov 30, 2022 6.20%
3y Beta as of Nov 30, 2022 1.022
Yield to Maturity as of Nov 30, 2022 3.49%
Modified Duration as of Nov 30, 2022 6.28 yrs
Yield to Worst as of Nov 30, 2022 1.09%
Effective Duration as of Nov 30, 2022 6.30 yrs
Weighted Avg Maturity as of Nov 30, 2022 6.79 yrs
WAL to Worst as of Nov 30, 2022 6.79 yrs

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BGF Global Inflation Linked Bond Fund, Class A2 Hedged, as of Nov 30, 2022 rated against 200 Global Inflation-Linked Bond - EUR Hedged Funds.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Nov 30, 2022
Name Weight (%)
TREASURY (CPI) NOTE 0.625 01/15/2026 2.52
TREASURY (CPI) NOTE 0.5 01/15/2028 2.00
TREASURY (CPI) NOTE 0.125 10/15/2026 2.00
UK I/L GILT 0.125 03/22/2024 1.98
TREASURY (CPI) NOTE 0.125 01/15/2032 1.98
Name Weight (%)
TREASURY (CPI) NOTE 0.625 01/15/2024 1.98
TREASURY (CPI) NOTE 0.125 07/15/2024 1.97
TREASURY (CPI) NOTE 0.125 07/15/2031 1.86
TREASURY (CPI) NOTE 0.125 07/15/2030 1.83
TREASURY (CPI) NOTE 0.125 01/15/2031 1.77
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2022

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
A2 Hgd EUR Accumulating 13.48 -0.01 -0.07 Dec 7, 2022 14.99 12.78 LU0425308169 -
D3 USD Monthly 15.58 -0.01 -0.06 Dec 7, 2022 16.96 14.70 LU0827882555 -
X2 Hgd EUR Accumulating 15.45 -0.01 -0.06 Dec 7, 2022 17.06 14.63 LU0425308755 -
A3 USD Monthly 15.42 -0.01 -0.06 Dec 7, 2022 16.80 14.55 LU0425308243 -
A2 USD Accumulating 15.89 -0.01 -0.06 Dec 7, 2022 17.31 14.99 LU0425308086 -
D2 Hgd EUR Accumulating 14.14 -0.01 -0.07 Dec 7, 2022 15.69 13.40 LU0448666502 -
C2 USD Accumulating 13.29 0.00 0.00 Dec 7, 2022 14.61 12.56 LU0425308326 -
E2 Hgd EUR Accumulating 12.61 -0.01 -0.08 Dec 7, 2022 14.08 11.97 LU0452734238 -
D2 USD Accumulating 16.66 -0.01 -0.06 Dec 7, 2022 18.10 15.71 LU0448666684 -
C3 USD Monthly 13.29 -0.01 -0.08 Dec 7, 2022 14.61 12.56 LU0425308599 -

Portfolio Managers

Portfolio Managers

Christopher Allen
Christopher Allen
David Rogal
Managing Director, U.S. Multi-Sector Fixed Income

David Rogal

Literature

Literature