Fixed Income

BGF US Dollar Short Duration 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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Reinvestments

This fund does not have any distributions data as of now.
  From
30-Sep-2016
To
30-Sep-2017
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
Total Return (%)

as of Sep 30, 2021

2.18 0.90 4.99 3.45 1.95
Benchmark (%)

as of Sep 30, 2021

0.65 0.28 4.65 3.74 0.36
  1Y 3Y 5Y 10y Incept.
0.56 3.22 2.60 2.54 2.68
Benchmark (%)

as of Nov 30, 2021

-0.16 2.63 1.93 1.46 2.41
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
0.19 -0.12 -0.56 0.56 9.96 13.68 28.55 51.50
Benchmark (%)

as of Nov 30, 2021

-0.25 -0.07 -0.46 -0.16 8.10 10.03 15.58 45.18
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 Dec 6, 2021 USD 1,859.814
12m Trailing Yield -
Number of Holdings as of Nov 30, 2021 814
Base Currency U.S. Dollar
Fund Inception Date Oct 31, 2002
Share Class Inception Date Mar 24, 2006
Asset Class Fixed Income
Morningstar Category USD Diversified Bond - Short Term
Benchmark Index ICE BofA US Corp & Govt Index, 1-3 Yrs (B1A0) (4PM)
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.03%
ISIN LU0245444947
Bloomberg Ticker BGFUDX2
Annual Management Fee 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B678BK5
Bloomberg Benchmark Ticker ML1-3GC
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Nov 30, 2021 1.32%
Modified Duration as of Nov 30, 2021 2.04 yrs
Effective Duration as of Nov 30, 2021 1.77 yrs
Weighted Avg Maturity as of Nov 30, 2021 3.10 yrs
3y Volatility - Benchmark as of Nov 30, 2021 1.01
3y Beta as of Nov 30, 2021 1.045
5y Volatility - Benchmark as of Nov 30, 2021 0.89
5y Beta as of Nov 30, 2021 0.977
WAL to Worst as of Nov 30, 2021 3.10 yrs

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, 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 methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Nov 30, 2021 0.09%
MSCI - UN Global Compact Violators as of Nov 30, 2021 1.30%
MSCI - Nuclear Weapons as of Nov 30, 2021 0.09%
MSCI - Thermal Coal as of Nov 30, 2021 0.00%
MSCI - Civilian Firearms as of Nov 30, 2021 0.01%
MSCI - Oil Sands as of Nov 30, 2021 0.00%
MSCI - Tobacco as of Nov 30, 2021 0.70%

Business Involvement Coverage as of Nov 30, 2021 31.65%
Percentage of Fund not covered as of Nov 30, 2021 68.61%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.14% and for Oil Sands 0.08%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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 phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves 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

5 stars
Overall Morningstar Rating for BGF US Dollar Short Duration Bond Fund, Class X2, as of Nov 30, 2021 rated against 157 USD Diversified Bond - Short Term Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Nov 30, 2021
Name Weight (%)
TREASURY NOTE 0.25 05/15/2024 5.71
TREASURY NOTE 0.75 11/15/2024 4.73
TREASURY NOTE 0.125 01/31/2023 3.93
TREASURY NOTE 0.25 03/15/2024 3.66
TREASURY NOTE 0.125 12/31/2022 2.91
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 1.88
ISHARES $ SHORT DURATION HI YLD CO 1.73
TREASURY BOND 1.75 08/15/2041 1.24
TREASURY NOTE 0.625 10/15/2024 1.11
TREASURY NOTE 0.375 08/15/2024 0.93
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settlement 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.
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 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
X2 USD Accumulating 16.10 0.01 0.06 16.22 16.05 - LU0245444947 - -
C2 USD Accumulating 11.13 0.01 0.09 11.35 11.12 - LU0331289081 - -
D2 Hgd EUR Accumulating 9.99 0.01 0.10 10.12 9.98 - LU1423762027 - -
Class AI2 USD - 10.50 0.01 0.10 10.60 10.49 - LU1960224225 - -
I2 Hgd EUR Accumulating 10.04 0.00 0.00 10.17 10.04 - LU1423762613 - -
A2 USD Accumulating 14.12 0.00 0.00 14.27 14.12 - LU0154237225 - -
D3 USD Monthly 9.81 0.01 0.10 9.97 9.80 - LU0592702228 - -
E2 EUR Accumulating 11.29 0.00 0.00 11.39 10.48 - LU0171298564 - -
A2 Hgd EUR Accumulating 9.97 0.00 0.00 10.14 9.97 - LU0839485744 - -
D2 USD Accumulating 14.58 0.01 0.07 14.71 14.57 - LU0827887356 - -
C1 USD Daily 8.51 0.00 0.00 8.69 8.51 - LU0155447161 - -
Class I5 USD USD Quarterly 10.21 0.01 0.10 10.37 10.20 - LU1883300532 - -
Class AI2 EUR - 9.30 0.01 0.11 9.38 8.59 - LU1960224142 - -
A1 USD Daily 8.55 0.00 0.00 8.69 8.55 - LU0155445546 - -
A3 EUR Monthly 7.57 0.00 0.00 7.64 7.04 - LU0172420597 - -
A3 Hgd SGD Monthly 9.58 0.00 0.00 9.74 9.58 - LU1062843773 - -
I2 USD Accumulating 11.12 0.00 0.00 11.22 11.12 - LU1479925726 - -
A3 USD Monthly 8.55 0.00 0.00 8.69 8.55 - LU0172419748 - -
E2 USD Accumulating 12.74 0.00 0.00 12.93 12.74 - LU0154237738 - -

Portfolio Managers

Portfolio Managers

Bob Miller
Managing Director, Head of Americas Fundamental Fixed Income

Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee.

Akiva Dickstein
Head of Customized Multi-Sector Portfolios and co-Head of Global Inflation Linked Portfolios

Mr. Dickstein earned a BA degree in economics, summa cum laude, from Yale University in 1990, and an MA degree in physics from Princeton University in 1993.

Scott MacLellan, CFA, CMT
Scott MacLellan, CFA, CMT

Literature

Literature