Fixed Income

BGF US Dollar 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-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of Jun 30, 2021

-0.29 -2.11 5.50 6.33 0.79
Benchmark (%)

as of Jun 30, 2021

-0.31 -0.40 7.87 8.74 -0.33
  1Y 3Y 5Y 10y Incept.
0.61 4.44 2.08 - 2.63
Benchmark (%)

as of Aug 31, 2021

-0.08 5.43 3.11 - 3.63
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-0.60 0.09 1.75 0.61 13.91 10.87 - 16.30
Benchmark (%)

as of Aug 31, 2021

-0.69 -0.19 1.63 -0.08 17.21 16.55 - 23.06
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 Sep 16, 2021 USD 774.343
12m Trailing Yield -
Number of Holdings as of Aug 31, 2021 1728
Base Currency U.S. Dollar
Fund Inception Date Apr 7, 1989
Share Class Inception Date Nov 4, 2015
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index Bloomberg US Aggregate Bond Index
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.66%
ISIN LU1294567448
Bloomberg Ticker BGUD2RF
Annual Management Fee 0.45%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BYQ6098
Bloomberg Benchmark Ticker LBUSTRUU
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Aug 31, 2021 3.52
3y Beta as of Aug 31, 2021 1.088
5y Volatility - Benchmark as of Aug 31, 2021 3.27
5y Beta as of Aug 31, 2021 1.035

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 Aug 31, 2021 0.06%
MSCI - UN Global Compact Violators as of Aug 31, 2021 0.31%
MSCI - Nuclear Weapons as of Aug 31, 2021 0.06%
MSCI - Thermal Coal as of Aug 31, 2021 0.04%
MSCI - Civilian Firearms as of Aug 31, 2021 0.00%
MSCI - Oil Sands as of Aug 31, 2021 0.02%
MSCI - Tobacco as of Aug 31, 2021 0.29%

Business Involvement Coverage as of Aug 31, 2021 14.26%
Percentage of Fund not covered as of Aug 31, 2021 85.74%
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 0.17% and for Oil Sands 0.18%.

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 Bond Fund, Class D2 Hedged, as of Jul 31, 2018 rated against 1349 Other Bond Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Aug 31, 2021
Name Weight (%)
UNITED STATES TREASURY 17.56
UNIFORM MBS 16.39
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 7.99
FEDERAL NATIONAL MORTGAGE ASSOCIATION 4.02
FEDERAL HOME LOAN MORTGAGE CORPORATION 3.54
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNMENT) 3.49
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 1.89
BANK OF AMERICA CORP 1.59
GOLDMAN SACHS GROUP INC/THE 1.06
MORGAN STANLEY 0.95
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Aug 31, 2021

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 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 Aug 31, 2021

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2021

% of Market Value

Type Fund Benchmark Net
as of Aug 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
D2 Hgd GBP Accumulating 11.65 -0.02 -0.17 11.71 11.29 - LU1294567448 - -
A1 USD Daily 18.10 -0.03 -0.17 18.39 17.67 - LU0028835386 - -
I2 Hgd EUR Accumulating 10.98 -0.01 -0.09 11.07 10.66 - LU1564327929 - -
E2 USD Accumulating 33.25 -0.05 -0.15 33.60 32.34 - LU0147419096 - -
C1 USD Daily 17.03 -0.02 -0.12 17.30 16.63 - LU0147418528 - -
A2 USD Accumulating 36.82 -0.05 -0.14 37.07 35.72 - LU0096258362 - -
D2 USD Accumulating 38.52 -0.05 -0.13 38.67 37.29 - LU0548367084 - -
C2 USD Accumulating 27.19 -0.04 -0.15 27.62 26.54 - LU0147418874 - -
A3 USD Monthly 18.12 -0.02 -0.11 18.40 17.69 - LU0172417379 - -
A2 CZK Accumulating 793.39 3.39 0.43 858.16 749.74 - LU1791174102 - -
D3 USD Monthly 18.12 -0.02 -0.11 18.40 17.69 - LU0592701923 - -
Class X5 USD Quarterly 10.71 -0.02 -0.19 10.86 10.41 - LU1694209633 - -
I2 USD Accumulating 12.43 -0.02 -0.16 12.47 12.03 - LU1165522647 - -
I5 USD Quarterly 10.78 -0.02 -0.19 10.93 10.49 - LU1718847640 - -
X2 USD Accumulating 11.99 -0.02 -0.17 12.01 11.58 - LU0147419252 - -

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.

Chi Chen
Chi Chen
Aidan Doyle
Aidan Doyle
Sam Summers
Sam Summers

Literature

Literature