Fixed Income

BGF US Dollar Bond Fund

  • NAV as of Jul 4, 2022 GBP 10.22
    52 WK: 9.99 - 11.67
  • 1 Day NAV Change as of Jul 4, 2022 -0.01 (-0.10%)
  • Morningstar Rating

Overview

Investment Approach

The Fund aims to maximize the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 80% of its total assets in fixed income securities. These include bonds and money market instruments (i.e. debt securities with short term maturities). The fixed income securities may be issued by: the United States (US) government and its agencies, non-US governments and government agencies, and companies and supranationals (e.g. the International Bank for Reconstruction and Development) domiciled inside or outside of the US.
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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Share Class and Benchmark performance displayed in GBP. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Past performance is not a guide to future performance.

Reinvestments

This fund does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution
  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		 From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of Jun 30, 2022

-2.11 5.50 6.33 0.79 -11.72
Benchmark (%)

as of Jun 30, 2022

-0.40 7.87 8.74 -0.33 -10.29
  1Y 3Y 5Y 10y Incept.
Total Return (%)

as of Jun 30, 2022

-11.72 -1.83 -0.47 - 0.25
Benchmark (%)

as of Jun 30, 2022

-10.29 -0.93 0.88 - 1.36
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
Total Return (%)

as of Jun 30, 2022

-11.57 -2.02 -5.57 -11.72 -5.40 -2.31 - 1.70
Benchmark (%)

as of Jun 30, 2022

-10.35 -1.57 -4.69 -10.29 -2.78 4.46 - 9.38
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 Jul 4, 2022 USD 558.581
12m Trailing Yield -
Number of Holdings as of May 31, 2022 1807
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 0.67%
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 Jun 30, 2022 4.56
3y Beta as of Jun 30, 2022 1.065
5y Volatility - Benchmark as of Jun 30, 2022 4.04
5y Beta as of Jun 30, 2022 1.018

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.
Ratings Report

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of May 31, 2022
Name Weight (%)
UNITED STATES TREASURY 19.20
FEDERAL NATIONAL MORTGAGE ASSOCIATION 11.53
FEDERAL HOME LOAN MORTGAGE CORPORATION 6.76
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 5.61
UNIFORM MBS 3.17
Name Weight (%)
MORGAN STANLEY 2.02
BANK OF AMERICA CORP 1.71
GOLDMAN SACHS GROUP INC/THE 1.06
JPMORGAN CHASE & CO 0.95
VERIZON COMMUNICATIONS INC 0.90
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of May 31, 2022

% 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 May 31, 2022

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
as of May 31, 2022

% 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 10.22 -0.01 -0.10 11.67 9.99 - LU1294567448 - -
A1 USD Monthly 15.70 -0.02 -0.13 18.14 15.36 - LU0028835386 - -
I5 USD Quarterly 9.32 -0.01 -0.11 10.80 9.16 - LU1718847640 - -
A3 USD Monthly 15.72 -0.01 -0.06 18.15 15.38 - LU0172417379 - -
I2 Hgd EUR Accumulating 9.57 0.00 0.00 10.99 9.35 - LU1564327929 - -
A2 CZK Accumulating 764.29 -4.16 -0.54 825.91 735.32 - LU1791174102 - -
X2 USD Accumulating 10.60 0.00 0.00 12.01 10.35 - LU0147419252 - -
A2 USD Accumulating 32.26 -0.03 -0.09 36.87 31.53 - LU0096258362 - -
I2 USD Accumulating 10.94 -0.01 -0.09 12.45 10.69 - LU1165522647 - -
D2 USD Accumulating 33.86 -0.03 -0.09 38.57 33.09 - LU0548367084 - -
C1 USD Monthly 14.77 -0.02 -0.14 17.07 14.45 - LU0147418528 - -
E2 USD Accumulating 29.02 -0.03 -0.10 33.30 28.37 - LU0147419096 - -
Class X5 USD Quarterly 9.25 -0.01 -0.11 10.73 9.09 - LU1694209633 - -
D3 USD Monthly 15.71 -0.01 -0.06 18.15 15.38 - LU0592701923 - -
C2 USD Accumulating 23.59 -0.02 -0.08 27.25 23.07 - LU0147418874 - -

Portfolio Managers

Portfolio Managers

Bob Miller
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.

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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. He is a portfolio manager of BlackRock's Core Bond, Total Return, and Strategic Income Opportunities Funds.

 

Prior to joining BlackRock in 2011, Mr. Miller was a co-founder and partner at the Round Table Investment Management Company, a multi-strategy, research-based investment company, where he managed a global macro strategy. Previously, Mr. Miller spent 20 years at Bank of America, where he served in a variety of roles, most recently as senior portfolio manager for the bank's proprietary multi-asset investment portfolio. Mr. Miller managed global interest rate, credit and foreign exchange portfolios during his tenure at Bank of America.

 

Mr. Miller is a former Trustee of Davidson College where he served as Chair of the Investment Committee, member of the Athletics Committee and member of the Presidential Search Committee. He currently serves as an advisor to the Investment Committee and is also actively involved with the Davidson July Experience program. Mr. Miller is a former Trustee and past Chairman of the Board at Trinity Episcopal School in Charlotte, NC. He currently serves as an advisor to the TES Investment Committee. He previously served as an advisor to the Investment Committee of St. Mary's School in Raleigh, NC. Mr. Miller is a member of the Chairmen's Circle with the Central Park Conservancy in New York City.

 

He earned a BA degree in economics from Davidson College.

 

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

Literature

Literature