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.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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  From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
Total Return (%)

as of Dec 31, 2021

2.93 0.15 6.14 5.65 4.22
Benchmark (%)

as of Dec 31, 2021

2.91 0.99 6.86 6.38 5.55
  1Y 3Y 5Y 10y Incept.
4.22 5.33 3.79 3.35 4.29
Benchmark (%)

as of Dec 31, 2021

5.55 6.26 4.55 4.01 5.01
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
4.22 -0.24 1.60 4.22 16.87 20.46 39.00 68.70
Benchmark (%)

as of Dec 31, 2021

5.55 -0.11 1.95 5.55 19.99 24.90 48.11 83.68
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

Size of Fund (Millions) as of Jan 21, 2022 USD 498.382
12m Trailing Yield as of Feb 28, 2019 0.00
Number of Holdings as of Dec 31, 2021 139
Base Currency U.S. Dollar
Fund Inception Date Jun 19, 2009
Share Class Inception Date Jul 23, 2009
Asset Class Fixed Income
Morningstar Category Global Inflation-Linked Bond - USD Hedged
Benchmark Index BBG WGILB All Markets 1-20Yrs 100% Hedged to USD Index
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.98%
ISIN LU0425308243
Bloomberg Ticker BGFIA3U
Annual Management Fee 0.75%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B45H1C2
Bloomberg Benchmark Ticker BCLYILUSDH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Dec 31, 2021 -1.53%
Modified Duration as of Dec 31, 2021 5.96 yrs
Effective Duration as of Dec 31, 2021 5.97 yrs
Weighted Avg Maturity as of Dec 31, 2021 7.48 yrs
3y Volatility - Benchmark as of Dec 31, 2021 3.18
3y Beta as of Dec 31, 2021 1.053
5y Volatility - Benchmark as of Dec 31, 2021 3.08
5y Beta as of Dec 31, 2021 0.977
WAL to Worst as of Dec 31, 2021 7.48 yrs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jan 7, 2022 A
MSCI ESG % Coverage as of Jan 7, 2022 98.51
MSCI ESG Quality Score (0-10) as of Jan 7, 2022 6.11
MSCI ESG Quality Score - Peer Percentile as of Jan 7, 2022 72.13
Fund Lipper Global Classification as of Jan 7, 2022 Bond Global Inflation Linked
Funds in Peer Group as of Jan 7, 2022 61
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jan 7, 2022 1.87
MSCI Weighted Average Carbon Intensity % Coverage as of Jan 7, 2022 3.32
All data is from MSCI ESG Fund Ratings as of Jan 7, 2022, based on holdings as of Jul 31, 2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

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

3 stars
Overall Morningstar Rating for BGF Global Inflation Linked Bond Fund, Class A3, as of Dec 31, 2021 rated against 86 Global Inflation-Linked Bond - USD Hedged Funds.

Risk Indicator

Risk Indicator

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3
4
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7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Dec 31, 2021
Name Weight (%)
TREASURY (CPI) NOTE 0.125 10/15/2025 3.41
TREASURY (CPI) NOTE 0.875 01/15/2029 2.75
TREASURY (CPI) NOTE 0.125 07/15/2031 2.48
FRANCE (REPUBLIC OF) 0.7 07/25/2030 2.39
TREASURY (CPI) NOTE 0.5 01/15/2028 2.39
Name Weight (%)
TREASURY (CPI) NOTE 0.25 07/15/2029 2.08
TREASURY (CPI) NOTE 0.125 04/15/2025 2.04
TREASURY (CPI) NOTE 0.625 04/15/2023 2.02
UK I/L GILT 0.75 03/22/2034 1.97
TREASURY (CPI) NOTE 0.125 01/15/2030 1.96
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2021

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2021

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Dec 31, 2021

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2021

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2021

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A3 USD Monthly 16.32 0.01 0.06 16.66 15.65 - LU0425308243 - -
A2 Hgd EUR Accumulating 14.56 0.00 0.00 14.90 14.07 - LU0425308169 - -
C3 USD Monthly 14.22 0.00 0.00 14.55 13.79 - LU0425308599 - -
D2 Hgd EUR Accumulating 15.23 0.01 0.07 15.56 14.66 - LU0448666502 - -
C2 USD Accumulating 14.22 0.01 0.07 14.55 13.79 - LU0425308326 - -
D3 USD Monthly 16.47 0.01 0.06 16.79 15.75 - LU0827882555 - -
E2 Hgd EUR Accumulating 13.69 0.01 0.07 14.01 13.28 - LU0452734238 - -
D2 USD Accumulating 17.58 0.01 0.06 17.92 16.80 - LU0448666684 - -
A2 USD Accumulating 16.82 0.01 0.06 17.16 16.12 - LU0425308086 - -
X2 Hgd EUR Accumulating 16.55 0.01 0.06 16.90 15.86 - LU0425308755 - -

Portfolio Managers

Portfolio Managers

Christopher Allen
Christopher Allen
Emanuella Enenajor
Emanuella Enenajor

Literature

Literature