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

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
View full table
  From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of Sep 30, 2020

7.77 2.61 4.01 11.56 -5.13
Benchmark (%)

as of Sep 30, 2020

11.99 3.49 4.89 13.31 -4.06
  1Y 3Y 5Y 10y Incept.
-5.13 3.25 4.01 6.50 5.53
Benchmark (%)

as of Sep 30, 2020

-4.06 4.47 5.73 8.09 7.80
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-4.64 0.51 -0.07 -5.13 10.08 21.73 87.75 110.39
Benchmark (%)

as of Sep 30, 2020

-3.73 0.94 0.16 -4.06 14.03 32.16 117.77 182.69
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 Oct 23, 2020 USD 3,111.881
12m Trailing Yield -
Number of Holdings as of Sep 30, 2020 1294
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.
Ongoing Charge 1.95%
ISIN LU0277197595
Bloomberg Ticker MLUDEE2
Annual Management Fee 1.75%
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

Yield to Maturity as of Sep 30, 2020 5.45%
Modified Duration as of Sep 30, 2020 5.01 yrs
Effective Duration as of Sep 30, 2020 3.97 yrs
Weighted Avg Maturity as of Sep 30, 2020 5.35 yrs
3y Volatility - Benchmark as of Sep 30, 2020 9.48
3y Beta as of Sep 30, 2020 0.961
5y Volatility - Benchmark as of Sep 30, 2020 8.87
5y Beta as of Sep 30, 2020 0.983
WAL to Worst as of Sep 30, 2020 5.35 yrs

Ratings

Ratings

Morningstar Rating

3
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 Sep 30, 2020
Name Weight (%)
ALLIED UNIVERSAL HOLDCO LLC 144A 6.625 07/15/2026 0.75
ALTICE FRANCE HOLDING SA 144A 10.5 05/15/2027 0.67
VERSCEND ESCROW CORP 144A 9.75 08/15/2026 0.59
CONNECT FINCO SARL 144A 6.75 10/01/2026 0.56
ALPHA 3 BV 144A 6.25 02/01/2025 0.55
Name Weight (%)
SOLERA LLC / SOLERA FINANCE INC 144A 10.5 03/01/2024 0.52
KRAFT HEINZ FOODS CO 144A 4.25 03/01/2031 0.52
ISHARES $ HIGH YIELD CRP BND ETF $ 0.50
ZAYO GROUP HOLDINGS INC 144A 4 03/01/2027 0.50
CSC HOLDINGS LLC 144A 4.625 12/01/2030 0.50
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 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 27.93 -0.03 -0.11 30.53 23.21 - LU0277197595 - -
I4 Hgd GBP Annual 8.94 0.00 0.00 9.49 7.16 - LU1111085442 - -
A3 Hgd NZD Monthly 10.91 0.00 0.00 11.39 8.55 - LU0803752046 - -
C2 USD Accumulating 27.79 0.00 0.00 27.86 21.14 - LU0147389596 - -
A2 Hgd EUR Accumulating 214.68 0.04 0.02 217.29 164.13 - LU0330917963 - -
A3 Hgd AUD Monthly 11.14 0.00 0.00 11.63 8.71 - LU0578942376 - -
E2 USD Accumulating 33.06 0.01 0.03 33.11 25.03 - LU0147389919 - -
A3 Hgd EUR Monthly 9.01 0.00 0.00 9.40 7.07 - LU0578943853 - -
A1 USD Daily 5.78 0.00 0.00 5.92 4.48 - LU0046675905 - -
I2 Hgd EUR Accumulating 11.78 0.01 0.08 11.85 8.96 - LU1111085798 - -
D2 Hgd CHF Accumulating 11.47 0.00 0.00 11.54 8.73 - LU1090156289 - -
A6 USD Monthly 4.95 0.00 0.00 5.14 3.88 - LU0738912566 - -
A3 Hgd GBP Monthly 9.49 0.00 0.00 9.90 7.44 - LU0580330818 - -
A2 Hgd SGD Accumulating 15.44 0.00 0.00 15.50 11.72 - LU0578945809 - -
D2 Hgd EUR Accumulating 228.69 0.04 0.02 230.40 174.13 - LU0532707519 - -
A8 Hgd CNH Monthly 102.87 0.02 0.02 106.04 79.95 - LU1919856218 - -
D2 Hgd AUD Accumulating 18.75 0.00 0.00 18.90 14.22 - LU0827886895 - -
A2 USD Accumulating 36.23 0.01 0.03 36.28 27.35 - LU0046676465 - -
A3 Hgd CAD Monthly 9.96 0.01 0.10 10.32 7.76 - LU0803751741 - -
C1 USD Daily 5.79 0.00 0.00 5.93 4.49 - LU0147389166 - -
A2 Hgd CHF Accumulating 11.02 0.00 0.00 11.14 8.42 - LU1090155554 - -
A8 Hgd ZAR Monthly 88.24 0.03 0.03 92.60 69.42 - LU1023056127 - -
A3 Hgd SGD Monthly 9.68 0.00 0.00 10.01 7.54 - LU0578937376 - -
I2 USD Accumulating 15.67 0.00 0.00 15.69 11.77 - LU0822668108 - -
A8 Hgd AUD Monthly 8.94 0.00 0.00 9.40 7.04 - LU0871640396 - -
D3 USD Monthly 10.03 0.00 0.00 10.27 7.77 - LU0592702061 - -
X6 USD Monthly 10.76 0.01 0.09 11.07 8.37 - LU1376384019 - -
D4 Hgd GBP Annual 10.31 0.00 0.00 10.92 8.24 - LU0681219902 - -
I3 USD Monthly 9.44 0.00 0.00 9.67 7.32 - LU0764821012 - -
A6 Hgd HKD Monthly 36.97 0.01 0.03 38.42 28.98 - LU0764619531 - -
A4 GBP Annual 10.34 0.00 0.00 10.94 8.25 - LU0706698544 - -
A6 Hgd SGD Monthly 9.06 0.00 0.00 9.51 7.15 - LU1314333441 - -
D2 USD Accumulating 38.58 0.00 0.00 38.64 29.02 - LU0552552704 - -
X2 USD Accumulating 43.00 0.01 0.02 43.06 32.20 - LU0147390172 - -
A2 Hgd AUD Accumulating 17.79 0.01 0.06 18.01 13.54 - LU0578947334 - -
D3 Hgd SGD Monthly 9.71 0.00 0.00 10.05 7.57 - LU0827886978 - -
A3 USD Monthly 5.85 0.00 0.00 5.99 4.53 - LU0172419151 - -
D2 Hgd SGD Accumulating 16.23 0.00 0.00 16.26 12.27 - LU0827887273 - -

Portfolio Managers

Portfolio Managers

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

Jimmy E. Keenan, CFA, Managing Director, is Chief Investment Officer and Global Co-Head of Credit within BlackRock Alternative Investors (BAI).

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

David Delbos

Mitchell S. Garfin
Co-Head of Leveraged Finance, BlackRock

Mitchell S. Garfin, CFA, Managing Director, is the Co-Head of Leveraged Finance within BlackRock's Global Credit team. He is responsible for managing US High Yield and Global strategies.

Literature

Literature