Fixed Income

BGF Global Inflation Linked 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
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  From
31-Dec-2015
To
31-Dec-2016
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
Total Return (%)

as of Dec 31, 2020

9.23 3.25 0.51 6.58 6.00
Benchmark (%)

as of Dec 31, 2020

10.22 2.91 0.99 6.86 6.38
  1Y 3Y 5Y 10y Incept.
3.47 4.03 4.38 - 3.20
Benchmark (%)

as of Feb 28, 2021

3.24 4.67 4.70 - 3.52
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-1.33 -1.78 -0.45 3.47 12.60 23.93 - 30.38
Benchmark (%)

as of Feb 28, 2021

-1.05 -1.30 -0.17 3.24 14.67 25.82 - 33.81
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 Mar 4, 2021 USD 240.534
12m Trailing Yield as of Feb 28, 2021 0.18
Number of Holdings as of Jan 29, 2021 133
Base Currency U.S. Dollar
Fund Inception Date Jun 19, 2009
Share Class Inception Date Sep 27, 2012
Asset Class Fixed Income
Morningstar Category Global Inflation-Linked Bond - USD Hedged
Benchmark Index BBG Barc WGILB All Markets 1-20Yrs 100% Hedged to USD Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.62%
ISIN LU0827882555
Bloomberg Ticker BGILD3U
Annual Management Fee 0.40%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B893Y69
Bloomberg Benchmark Ticker BCLYILUSDH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Jan 29, 2021 -1.45%
Modified Duration as of Jan 29, 2021 6.56 yrs
Effective Duration as of Jan 29, 2021 6.55 yrs
Weighted Avg Maturity as of Jan 29, 2021 8.06 yrs
3y Volatility - Benchmark as of Feb 28, 2021 2.95
3y Beta as of Feb 28, 2021 1.086
5y Volatility - Benchmark as of Feb 28, 2021 3.85
5y Beta as of Feb 28, 2021 1.013
WAL to Worst as of Jan 29, 2021 8.06 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 Feb 5, 2021 A
MSCI ESG Quality Score (0-10) as of Feb 5, 2021 6.02
MSCI ESG Quality Score - Peer Percentile as of Feb 5, 2021 32.08
MSCI ESG % Coverage as of Feb 5, 2021 99.04
Fund Lipper Global Classification as of Feb 5, 2021 Bond Global Inflation Linked
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 5, 2021 4.77
Funds in Peer Group as of Feb 5, 2021 53
All data is from MSCI ESG Fund Ratings as of Feb 5, 2021, based on holdings as of Aug 31, 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.

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
Overall Morningstar Rating for BGF Global Inflation Linked Bond Fund, Class D3, as of Feb 28, 2021 rated against 81 Global Inflation-Linked Bond - USD 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 Jan 29, 2021
Name Weight (%)
TREASURY (CPI) NOTE 0.125 07/15/2030 3.27
TREASURY (CPI) NOTE 0.375 07/15/2023 3.06
TREASURY (CPI) NOTE 0.625 04/15/2023 2.58
TREASURY (CPI) NOTE 0.25 07/15/2029 2.57
TREASURY (CPI) NOTE 0.5 01/15/2028 2.45
Name Weight (%)
TREASURY (CPI) NOTE 0.125 07/15/2026 2.44
TREASURY (CPI) NOTE 0.875 01/15/2029 2.44
ITALY (REPUBLIC OF) 1.3 05/15/2028 2.20
TREASURY (CPI) NOTE 0.375 01/15/2027 2.07
TREASURY (CPI) NOTE 0.75 07/15/2028 2.06
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 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
D3 USD Monthly 15.86 0.01 0.06 16.05 14.05 - LU0827882555 - -
E2 Hgd EUR Accumulating 13.38 0.01 0.07 13.55 12.09 - LU0452734238 - -
D2 USD Accumulating 16.92 0.01 0.06 17.12 14.98 - LU0448666684 - -
X2 Hgd EUR Accumulating 15.98 0.01 0.06 16.16 14.24 - LU0425308755 - -
C2 USD Accumulating 13.89 0.01 0.07 14.06 12.48 - LU0425308326 - -
D2 Hgd EUR Accumulating 14.77 0.01 0.07 14.95 13.23 - LU0448666502 - -
C3 USD Monthly 13.89 0.01 0.07 14.07 12.49 - LU0425308599 - -
A2 Hgd EUR Accumulating 14.17 0.00 0.00 14.35 12.74 - LU0425308169 - -
A3 USD Monthly 15.77 0.01 0.06 15.95 14.00 - LU0425308243 - -
A2 USD Accumulating 16.24 0.00 0.00 16.43 14.43 - LU0425308086 - -

Portfolio Managers

Portfolio Managers

Christopher Allen
Christopher Allen
Emanuella Enenajor
Emanuella Enenajor

Literature

Literature