Fixed Income

BGF Euro 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-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

- 2.73 6.74 -4.57 -16.22
Benchmark (%)

as of Jun 30, 2022

- 3.27 6.62 -3.88 -15.30
  1Y 3Y 5Y 10y Incept.
-18.57 -7.40 - - -3.06
Benchmark (%)

as of Aug 31, 2022

-17.47 -6.89 - - -
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-14.76 -5.06 -4.44 -18.57 -20.59 - - -12.84
Benchmark (%)

as of Aug 31, 2022

-14.18 -5.31 -4.13 -17.47 -19.28 - - -
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 28, 2022 EUR 3,023.838
12m Trailing Yield -
Number of Holdings as of Aug 31, 2022 859
Base Currency Euro
Fund Inception Date Mar 31, 1994
Share Class Inception Date Mar 28, 2018
Asset Class Fixed Income
Morningstar Category EUR Diversified Bond
Benchmark Index BBG Euro Aggregate 500+ in CZK
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.97%
ISIN LU1791174284
Bloomberg Ticker BGEBA2C
Annual Management Fee 0.75%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BFZRPD8
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment CZK 5000
Minimum Subsequent Investment CZK 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Aug 31, 2022 7.55
3y Beta as of Aug 31, 2022 0.921
5y Volatility - Benchmark as of - -
5y Beta as of - -

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Sep 21, 2022 AA
MSCI ESG % Coverage as of Sep 21, 2022 91.06
MSCI ESG Quality Score (0-10) as of Sep 21, 2022 8.21
MSCI ESG Quality Score - Peer Percentile as of Sep 21, 2022 72.70
Fund Lipper Global Classification as of Sep 21, 2022 Bond EUR
Funds in Peer Group as of Sep 21, 2022 293
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Sep 21, 2022 65.13
MSCI Weighted Average Carbon Intensity % Coverage as of Sep 21, 2022 52.75
All data is from MSCI ESG Fund Ratings as of Sep 21, 2022, based on holdings as of Apr 30, 2022. 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 with ESG coverage 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 Aug 31, 2022 0.00%
MSCI - UN Global Compact Violators as of Aug 31, 2022 0.00%
MSCI - Nuclear Weapons as of Aug 31, 2022 0.00%
MSCI - Thermal Coal as of Aug 31, 2022 0.00%
MSCI - Civilian Firearms as of Aug 31, 2022 0.00%
MSCI - Oil Sands as of Aug 31, 2022 0.00%
MSCI - Tobacco as of Aug 31, 2022 0.38%

Business Involvement Coverage as of Aug 31, 2022 48.95%
Percentage of Fund not covered as of Aug 31, 2022 50.84%
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 0.00% and for Oil Sands 0.79%.

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 Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jul 23, 2020)

Risk Indicator

Risk Indicator

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3
4
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7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Aug 31, 2022
Name Weight (%)
ITALY (REPUBLIC OF) 1.85 07/01/2025 1.91
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.17
SPAIN (KINGDOM OF) 2.75 10/31/2024 1.09
FRANCE (REPUBLIC OF) 0.5 06/25/2044 1.05
FRANCE (REPUBLIC OF) 0 03/25/2024 1.04
Name Weight (%)
FRANCE (REPUBLIC OF) 0 02/25/2027 0.93
BANK OF NOVA SCOTIA RegS 0.01 09/14/2029 0.90
BELGIUM (KINGDOM OF) 1.25 04/22/2033 0.86
EUROPEAN FINANCIAL STABILITY FACIL RegS 0 10/15/2025 0.78
FRANCE (REPUBLIC OF) 0.75 02/25/2028 0.77
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Aug 31, 2022

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2022

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2022

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2022

% of Market Value

Type Fund Benchmark Net
as of Aug 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

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A2 CZK Accumulating 616.37 -3.27 -0.53 782.56 616.37 - LU1791174284 - -
C2 USD Accumulating 17.74 -0.10 -0.56 26.66 17.74 - LU0331283399 - -
Class AI2 EUR - 8.52 -0.04 -0.47 10.46 8.52 - LU1960220827 - -
D4 GBP Annual 20.55 0.06 0.29 24.17 20.13 - LU0827877712 - -
A2 USD Accumulating 24.00 -0.15 -0.62 35.62 24.00 - LU0171279184 - -
A3 USD Monthly 16.22 -0.09 -0.55 24.07 16.22 - LU0172748641 - -
D2 USD Accumulating 25.35 -0.15 -0.59 37.49 25.35 - LU0827877472 - -
I4 Hgd USD Annual 9.38 -0.04 -0.42 11.36 9.38 - LU1808491812 - -
A2 Hgd PLN Accumulating 96.82 -0.46 -0.47 114.06 96.82 - LU1499592381 - -
D2 EUR Accumulating 26.39 -0.12 -0.45 32.27 26.39 - LU0297941469 - -
D4 Hgd GBP Annual 9.36 -0.05 -0.53 11.39 9.36 - LU1376384365 - -
A2 EUR Accumulating 24.99 -0.11 -0.44 30.65 24.99 - LU0050372472 - -
Class S4 EUR Annual 8.68 -0.04 -0.46 10.65 8.68 - LU1722863484 - -
E5 EUR Quarterly 20.72 -0.10 -0.48 25.53 20.72 - LU0500207468 - -
A3 EUR Monthly 16.89 -0.07 -0.41 20.71 16.89 - LU0172396516 - -
C2 EUR Accumulating 18.47 -0.08 -0.43 22.91 18.47 - LU0147393358 - -
D4 EUR Annual 10.06 -0.04 -0.40 12.34 10.06 - LU0938162699 - -
X2 EUR Accumulating 28.74 -0.13 -0.45 35.00 28.74 - LU0298377911 - -
I2 Hgd JPY Accumulating 898.00 -4.00 -0.44 1,099.00 898.00 - LU1668661629 - -
A2 Hgd JPY Accumulating 875.00 -4.00 -0.46 1,076.00 875.00 - LU1668663914 - -
A2 Hgd USD Accumulating 11.82 -0.05 -0.42 14.30 11.82 - LU0869650977 - -
I2 Hgd USD Accumulating 10.44 -0.04 -0.38 12.57 10.44 - LU1376384100 - -
E2 USD Accumulating 21.33 -0.12 -0.56 31.81 21.33 - LU0171279937 - -
I2 Hgd CHF Accumulating 9.00 -0.04 -0.44 11.03 9.00 - LU1180456292 - -
D2 Hgd USD Accumulating 12.24 -0.05 -0.41 14.76 12.24 - LU0869640077 - -
A4 GBP Annual 20.42 0.05 0.25 24.03 19.96 - LU0204069685 - -
D2 Hgd CHF Accumulating 10.08 -0.05 -0.49 12.37 10.08 - LU1266592374 - -
I2 EUR Accumulating 12.71 -0.06 -0.47 15.53 12.71 - LU0368229703 - -
E2 EUR Accumulating 22.20 -0.11 -0.49 27.36 22.20 - LU0090830810 - -
A4 EUR Annual 22.63 -0.11 -0.48 27.76 22.63 - LU0430265933 - -
Class I4 EUR Annual 8.65 -0.04 -0.46 10.61 8.65 - LU1808491655 - -
I4 Hgd GBP Annual 9.38 -0.05 -0.53 11.42 9.38 - LU1376384282 - -
A1 EUR Monthly 16.89 -0.07 -0.41 20.72 16.89 - LU0118259232 - -
D3 EUR Monthly 16.98 -0.08 -0.47 20.83 16.98 - LU0827877555 - -
D3 USD Monthly 16.31 -0.10 -0.61 24.19 16.31 - LU0827877639 - -
A1 USD Monthly 16.22 -0.10 -0.61 24.08 16.22 - LU0171278889 - -

Listings

Portfolio Managers

Portfolio Managers

Ronald van Loon
Ronald van Loon
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.

Literature

Literature