Fixed Income

BGF Global Corporate Bond Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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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
View full table
  From
30-Sep-2015
To
30-Sep-2016
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
Total Return (%)

as of Sep 30, 2020

6.60 -0.57 -3.89 7.44 3.42
Benchmark (%)

as of Sep 30, 2020

8.59 2.25 0.08 11.70 6.20
  1Y 3Y 5Y 10y Incept.
3.54 1.96 2.33 2.94 2.48
Benchmark (%)

as of Oct 31, 2020

5.89 5.70 5.57 4.94 5.28
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
3.09 -0.11 -0.87 3.54 6.00 12.21 33.58 37.55
Benchmark (%)

as of Oct 31, 2020

5.45 0.11 -0.68 5.89 18.10 31.14 62.00 95.49
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 1, 2020 USD 2,187.794
12m Trailing Yield as of Nov 30, 2020 1.31
Number of Holdings as of Oct 30, 2020 891
Base Currency U.S. Dollar
Fund Inception Date Oct 19, 2007
Share Class Inception Date Oct 19, 2007
Asset Class Fixed Income
Morningstar Category Global Corporate Bond - EUR Hedged
Benchmark Index BBG Barc Global Agg Corporate Index, 100% USD Hedged
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.11%
ISIN LU0303846876
Bloomberg Ticker MLHEGA4
Annual Management Fee 0.90%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B43L3K8
Bloomberg Benchmark Ticker LGCPTRUH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Oct 30, 2020 1.96%
Modified Duration as of Oct 30, 2020 7.58 yrs
Effective Duration as of Oct 30, 2020 7.19 yrs
Weighted Avg Maturity as of Oct 30, 2020 9.35 yrs
3y Volatility - Benchmark as of Oct 31, 2020 5.95
3y Beta as of Oct 31, 2020 0.956
5y Volatility - Benchmark as of Oct 31, 2020 5.00
5y Beta as of Oct 31, 2020 0.968
WAL to Worst as of Oct 30, 2020 9.35 yrs

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF Global Corporate Bond Fund, Class A4 Hedged, as of Nov 30, 2020 rated against 231 Global Corporate Bond - EUR Hedged Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
CITIGROUP INC 4.412 03/31/2031 0.85
BARCLAYS PLC MTN RegS 3.375 04/02/2025 0.65
COMCAST CORPORATION 4.6 10/15/2038 0.62
VERIZON COMMUNICATIONS INC 4.272 01/15/2036 0.53
UBS AG RegS 5.125 05/15/2024 0.52
Name Weight (%)
APPLE INC 2.513 08/19/2024 0.52
TELEFONICA EUROPE BV 23 RegS 3 12/31/2049 0.51
BANCO BILBAO VIZCAYA ARGENTARIA SA 1.125 09/18/2025 0.51
NORDEA BANK ABP 144A 0.75 08/28/2025 0.50
BNP PARIBAS SA MTN RegS 2.875 03/20/2026 0.50
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% 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
A4 Hgd EUR Annual 9.62 0.00 0.00 9.67 8.01 - LU0303846876 - -
A3 Hgd NZD Monthly 12.99 0.00 0.00 12.99 10.72 - LU0803752475 - -
A8 Hgd CNH Monthly 108.26 0.02 0.02 108.34 89.15 - LU1220227653 - -
A6 Hgd SGD Monthly 10.44 0.01 0.10 10.44 8.69 - LU1435395121 - -
I2 Hgd EUR Accumulating 11.21 0.01 0.09 11.21 9.17 - LU1625162489 - -
D5 Hgd GBP Quarterly 11.08 0.00 0.00 11.08 9.13 - LU1814255474 - -
A8 Hgd NZD Monthly 10.33 0.00 0.00 10.33 8.59 - LU1149717313 - -
D2 Hgd GBP Accumulating 11.13 0.00 0.00 11.13 9.10 - LU1222731728 - -
A3 Hgd GBP Monthly 11.25 0.00 0.00 11.25 9.31 - LU0816460231 - -
D2 Hgd EUR Accumulating 14.80 0.00 0.00 14.80 12.12 - LU0326951752 - -
X2 Hgd EUR Accumulating 15.88 0.00 0.00 15.88 12.95 - LU0414062249 - -
I2 USD Accumulating 13.03 0.00 0.00 13.03 10.54 - LU1181254019 - -
A8 Hgd AUD Monthly 11.74 0.01 0.09 11.74 9.74 - LU0871639976 - -
A2 Hgd EUR Accumulating 14.04 0.00 0.00 14.04 11.53 - LU0297942434 - -
A6 USD Monthly 11.84 0.01 0.08 11.84 9.82 - LU0788109634 - -
X4 Hgd GBP Annual 10.13 0.00 0.00 10.24 8.44 - LU0414062165 - -
D2 USD Accumulating 16.96 0.00 0.00 16.96 13.73 - LU0326960662 - -
A6 Hgd HKD Monthly 88.21 0.02 0.02 88.21 73.10 - LU0788109550 - -
A5 USD Quarterly 12.01 0.00 0.00 12.01 9.81 - LU0825403933 - -
A2 USD Accumulating 16.07 0.00 0.00 16.07 13.05 - LU0297942194 - -
E2 Hgd EUR Accumulating 13.18 0.00 0.00 13.18 10.87 - LU0307653898 - -
E2 USD Accumulating 15.04 0.01 0.07 15.04 12.26 - LU0326961470 - -
A3 Hgd CAD Monthly 11.86 0.00 0.00 11.86 9.77 - LU0816460157 - -
X2 USD Accumulating 18.15 0.00 0.00 18.15 14.64 - LU0434566104 - -
I2 Hgd CAD Accumulating 12.74 0.00 0.00 12.74 10.35 - LU1153585614 - -
I4 Hgd GBP Annual 10.81 0.00 0.00 10.90 9.00 - LU1403442228 - -
A2 Hgd SEK Accumulating 112.17 0.01 0.01 112.17 91.69 - LU1162516634 - -
A3 Hgd AUD Monthly 12.84 0.00 0.00 12.84 10.59 - LU0816460074 - -

Portfolio Managers

Portfolio Managers

Michael Krautzberger
Managing Director, Head of EMEA Fundamental Fixed Income

Michael Krautzberger, CFA, EFFAS, Managing Director. Michael is Head of the Fundamental Pan European Fixed Income team.

Stephan Bassas
Lead Portfolio Manager for US Investment Grade Credit

Stephan Bassas

Tom Mondelaers
Tom Mondelaers

Literature

Literature