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Fixed Income

BGF US Dollar High Yield 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

  • Returns

  From
31-Dec-2014
To
31-Dec-2015
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
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2019

5.30 16.19 -6.33 0.84 15.90
Benchmark (%) Index: BBG Barc High Yield 2% Issuer Capped Index in EUR<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of Dec 31, 2019

6.45 20.63 -5.57 2.85 16.42
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.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Mar 27, 2020 USD 1,674.354
Base Currency U.S. Dollar
Fund Inception Date Oct 29, 1993
Share Class Inception Date Dec 1, 2006
Asset Class Fixed Income
Morningstar Category USD High Yield Bond
Benchmark Index BBG Barc High Yield 2% Issuer Capped Index in EUR
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0277197595
Bloomberg Ticker MLUDEE2
Initial Charge 3.00%
Performance Fee 0.00%
SEDOL B43DCP2
Bloomberg Benchmark Ticker LH2CAPEUR
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Feb 29, 2020 6.41
5y Volatility - Benchmark as of Feb 29, 2020 7.57
5y Beta as of Feb 29, 2020 0.998

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF US Dollar High Yield Bond Fund, Class E2, as of Mar 31, 2012 rated against 157 USD High Yield 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 Feb 28, 2020
Name Weight (%)
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.69
SOLERA LLC / SOLERA FINANCE INC 144A 10.5 03/01/2024 0.68
HD SUPPLY INC 144A 5.375 10/15/2026 0.62
VERSCEND ESCROW CORP 144A 9.75 08/15/2026 0.62
PANTHER BF AGGREGATOR 2 LP 144A 8.5 05/15/2027 0.61
Name Weight (%)
ALLY FINANCIAL INC 8 11/01/2031 0.60
FRONTIER COMMUNICATIONS CORP 144A 8 04/01/2027 0.59
BANFF MERGER SUB INC 144A 9.75 09/01/2026 0.58
CLEAR CHANNEL OUTDOOR HOLDINGS INC 144A 5.125 08/15/2027 0.57
YPSO FINANCE BIS SA 144A 10.5 05/15/2027 0.56
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 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
E2 EUR Accumulating 25.19 0.71 2.90 30.53 23.21 - LU0277197595 - -
A2 Hgd EUR Accumulating 181.48 5.25 2.98 217.29 164.13 - LU0330917963 - -
I4 Hgd GBP Annual 7.90 0.22 2.86 9.62 7.16 - LU1111085442 - -
A1 USD Daily 4.96 0.15 3.12 5.92 4.48 - LU0046675905 - -
A3 Hgd CAD Monthly 8.59 0.25 3.00 10.32 7.76 - LU0803751741 - -
I2 Hgd EUR Accumulating 9.91 0.29 3.01 11.85 8.96 - LU1111085798 - -
A2 Hgd CHF Accumulating 9.31 0.27 2.99 11.14 8.42 - LU1090155554 - -
C2 USD Accumulating 23.41 0.69 3.04 27.86 21.14 - LU0147389596 - -
A6 USD Monthly 4.30 0.12 2.87 5.14 3.88 - LU0738912566 - -
D2 Hgd AUD Accumulating 15.74 0.46 3.01 18.90 14.22 - LU0827886895 - -
A2 Hgd SGD Accumulating 12.96 0.37 2.94 15.50 11.72 - LU0578945809 - -
C1 USD Daily 4.97 0.15 3.11 5.93 4.49 - LU0147389166 - -
A3 Hgd EUR Monthly 7.82 0.23 3.03 9.40 7.07 - LU0578943853 - -
A3 Hgd AUD Monthly 9.64 0.28 2.99 11.63 8.71 - LU0578942376 - -
E2 USD Accumulating 27.73 0.82 3.05 32.97 25.03 - LU0147389919 - -
A2 USD Accumulating 30.30 0.89 3.03 36.01 27.35 - LU0046676465 - -
A8 Hgd CNH - 88.80 2.68 3.11 106.04 79.95 - LU1919856218 - -
A3 Hgd NZD Monthly 9.43 0.26 2.84 11.39 8.55 - LU0803752046 - -
D2 Hgd CHF Accumulating 9.65 0.28 2.99 11.54 8.73 - LU1090156289 - -
A3 Hgd GBP Monthly 8.20 0.23 2.89 9.90 7.44 - LU0580330818 - -
D2 Hgd EUR Accumulating 192.55 5.57 2.98 230.40 174.13 - LU0532707519 - -
D4 Hgd GBP Annual 9.10 0.26 2.94 11.09 8.24 - LU0681219902 - -
D2 USD Accumulating 32.15 0.96 3.08 38.18 29.02 - LU0552552704 - -
A8 Hgd ZAR Monthly 76.86 2.28 3.06 92.60 69.42 - LU1023056127 - -
A2 Hgd AUD Accumulating 14.98 0.43 2.96 18.01 13.54 - LU0578947334 - -
A6 Hgd SGD Monthly 7.91 0.23 2.99 9.51 7.15 - LU1314333441 - -
A3 Hgd SGD Monthly 8.34 0.24 2.96 10.01 7.54 - LU0578937376 - -
D3 USD Monthly 8.61 0.25 2.99 10.27 7.77 - LU0592702061 - -
A8 Hgd AUD Monthly 7.79 0.23 3.04 9.40 7.04 - LU0871640396 - -
A4 GBP Annual 9.10 0.25 2.82 11.07 8.25 - LU0706698544 - -
I2 USD Accumulating 13.04 0.38 3.00 15.49 11.77 - LU0822668108 - -
A6 Hgd HKD Monthly 32.12 0.95 3.05 38.42 28.98 - LU0764619531 - -
I3 USD Monthly 8.11 0.24 3.05 9.67 7.32 - LU0764821012 - -
X2 USD Accumulating 35.68 1.06 3.06 42.34 32.20 - LU0147390172 - -
A3 USD Monthly 5.02 0.15 3.08 5.99 4.53 - LU0172419151 - -
X6 USD Monthly 9.28 0.28 3.11 11.07 8.37 - LU1376384019 - -
D3 Hgd SGD Monthly 8.37 0.24 2.95 10.05 7.57 - LU0827886978 - -
D2 Hgd SGD Accumulating 13.57 0.39 2.96 16.22 12.27 - LU0827887273 - -

Portfolio Managers

Portfolio Managers

James Keenan
Managing Director, Chief Investment Officer and Global Co-Head of Credit

 James E. Keenan

David Delbos
Co-Head of US High Yield, Global Credit

David Delbos

Mitchell S. Garfin, CFA
Managing Director, Co-Head of Leveraged Finance

Mitchell Garfin

Literature

Literature