Fixed Income

BGF Euro 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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Reinvestments

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

7.64 0.86 0.36 5.56 0.17
Benchmark (%)

as of Sep 30, 2020

7.37 0.51 0.06 6.12 0.21
  1Y 3Y 5Y 10y Incept.
2.47 2.37 2.79 3.94 3.59
Benchmark (%)

as of Nov 30, 2020

2.45 2.39 2.76 3.89 3.94
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
2.35 1.25 2.35 2.47 7.28 14.74 47.23 65.71
Benchmark (%)

as of Nov 30, 2020

2.49 1.02 2.16 2.45 7.35 14.56 46.41 74.03
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 3, 2020 EUR 3,531.943
12m Trailing Yield -
Number of Holdings as of Oct 30, 2020 466
Base Currency Euro
Fund Inception Date May 14, 2003
Share Class Inception Date Jul 31, 2006
Asset Class Fixed Income
Morningstar Category EUR Corporate Bond
Benchmark Index ICE BofA Euro Corporate Index (ER00)
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.01%
ISIN LU0162658883
Bloomberg Ticker ML2LU LX
Annual Management Fee 0.80%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 7588639
Bloomberg Benchmark Ticker ER00
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 Accumulating

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Oct 30, 2020 0.61%
Modified Duration as of Oct 30, 2020 5.54 yrs
Effective Duration as of Oct 30, 2020 5.29 yrs
Weighted Avg Maturity as of Oct 30, 2020 6.83 yrs
3y Volatility - Benchmark as of Nov 30, 2020 5.05
3y Beta as of Nov 30, 2020 1.014
5y Volatility - Benchmark as of Nov 30, 2020 4.20
5y Beta as of Nov 30, 2020 1.005
WAL to Worst as of Oct 30, 2020 6.83 yrs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Nov 1, 2020 AA
MSCI ESG Quality Score (0-10) as of Nov 1, 2020 7.42
MSCI ESG Quality Score - Peer Percentile as of Nov 1, 2020 76.78
MSCI ESG % Coverage as of Nov 1, 2020 89.70
Fund Lipper Global Classification as of Nov 1, 2020 Bond EUR Corporates
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 1, 2020 224.59
Funds in Peer Group as of Nov 1, 2020 267
All data is from MSCI ESG Fund Ratings as of Nov 1, 2020, based on holdings as of Apr 30, 2020. 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 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.

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 Oct 30, 2020 0.00%
MSCI - UN Global Compact Violators as of Oct 30, 2020 3.14%
MSCI - Nuclear Weapons as of Oct 30, 2020 0.38%
MSCI - Thermal Coal as of Oct 30, 2020 0.00%
MSCI - Civilian Firearms as of Oct 30, 2020 0.00%
MSCI - Oil Sands as of Oct 30, 2020 0.00%
MSCI - Tobacco as of Oct 30, 2020 0.94%

Business Involvement Coverage as of Oct 30, 2020 88.20%
Percentage of Fund not covered as of Oct 30, 2020 11.80%
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 0.16% and for Oil Sands 1.45%.

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.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for BGF Euro Corporate Bond Fund, Class A2, as of Nov 30, 2020 rated against 990 EUR Corporate Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jul 10, 2020)

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
APPLE INC 2.55 08/20/2060 0.96
ING GROEP NV MTN RegS 2.125 05/26/2031 0.75
ARGENTA SPAARBANK NV RegS 1 02/06/2024 0.72
CHORUS LTD MTN RegS 1.125 10/18/2023 0.66
TAKEDA PHARMACEUTICAL CO LTD 2 07/09/2040 0.64
Name Weight (%)
SHELL INTERNATIONAL FINANCE BV MTN RegS 0.5 11/08/2031 0.60
BECTON DICKINSON AND COMPANY 1.401 05/24/2023 0.58
KBC GROEP NV MTN RegS 0.125 09/10/2026 0.57
BANK OF AMERICA CORP MTN RegS 0.808 05/09/2026 0.55
INTERNATIONAL FLAVORS & FRAGRANCES 1.8 09/25/2026 0.54
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
A2 EUR Accumulating 17.83 0.02 0.11 17.83 15.48 - LU0162658883 - -
D2 EUR Accumulating 18.72 0.02 0.11 18.72 16.21 - LU0368266499 - -
C2 EUR Accumulating 14.34 0.02 0.14 14.35 12.56 - LU0162661242 - -
A2 Hgd SEK Accumulating 108.63 0.11 0.10 108.66 94.13 - LU1622601463 - -
E5 EUR Quarterly 15.06 0.02 0.13 15.07 13.12 - LU0500207542 - -
Class AI2 EUR - 10.57 -0.01 -0.09 10.58 9.19 - LU1960221049 - -
A2 Hgd CHF Accumulating 10.75 0.01 0.09 10.75 9.35 - LU1445717629 - -
A1 EUR Daily 14.41 0.02 0.14 14.42 12.53 - LU0162660350 - -
X2 EUR Accumulating 20.04 0.03 0.15 20.04 17.28 - LU0414062595 - -
I5 EUR Quarterly 10.79 0.01 0.09 10.79 9.37 - LU1502568287 - -
Class X5 EUR Quarterly 10.64 0.01 0.09 10.64 9.23 - LU1760134277 - -
I2 Hgd CHF Accumulating 11.03 0.01 0.09 11.04 9.56 - LU1445719757 - -
E2 EUR Accumulating 16.34 0.02 0.12 16.34 14.23 - LU0162659931 - -
I2 EUR Accumulating 11.82 0.02 0.17 11.82 10.22 - LU1373033965 - -
A2 Hgd USD Accumulating 12.08 0.02 0.17 12.08 10.40 - LU1445717389 - -
D3 EUR Monthly 14.15 0.01 0.07 14.16 12.31 - LU0827877803 - -
A2 CZK Accumulating 470.99 1.26 0.27 483.46 423.38 - LU1791176222 - -
A3 EUR Monthly 14.15 0.02 0.14 14.16 12.31 - LU0172394222 - -
I2 Hgd GBP Accumulating 11.61 0.02 0.17 11.61 10.01 - LU1445719328 - -
I2 Hgd JPY - 1,066.00 0.00 0.00 1,067.00 921.00 - LU1963773012 - -
D2 Hgd CHF Accumulating 10.95 0.01 0.09 10.95 9.50 - LU1445718783 - -
D2 Hgd GBP Accumulating 11.52 0.01 0.09 11.52 9.94 - LU1445719088 - -
D2 Hgd USD Accumulating 12.28 0.02 0.16 12.28 10.54 - LU1445718437 - -
A2 Hgd GBP Accumulating 11.34 0.01 0.09 11.34 9.81 - LU1445718197 - -

Portfolio Managers

Portfolio Managers

Tom Mondelaers
Tom Mondelaers
Jozef Prokes
Jozef Prokes

Literature

Literature