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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Distributions

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

8.36 7.39 0.90 3.48 -0.11
Benchmark (%)

as of Sep 30, 2020

12.74 8.87 3.05 6.35 3.20
  1Y 3Y 5Y 10y Incept.
0.49 1.56 3.53 - 5.06
Benchmark (%)

as of Oct 31, 2020

3.42 4.21 6.31 - 6.51
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-1.28 0.79 0.02 0.49 4.74 18.94 - 55.62
Benchmark (%)

as of Oct 31, 2020

1.06 0.49 0.42 3.42 13.18 35.80 - 76.00
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 Nov 27, 2020 USD 3,203.877
12m Trailing Yield as of Oct 31, 2020 4.55
Number of Holdings as of Oct 30, 2020 1318
Base Currency U.S. Dollar
Fund Inception Date Oct 29, 1993
Share Class Inception Date Nov 14, 2011
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index BBG Barc US Corp High Yield 2% Issuer Capped Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.45%
ISIN LU0706698544
Bloomberg Ticker BGUA4RF
Annual Management Fee 1.25%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B78K1J6
Bloomberg Benchmark Ticker LF89TRUU
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 5000
Minimum Subsequent Investment GBP 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of Oct 30, 2020 5.49%
Modified Duration as of Oct 30, 2020 5.17 yrs
Effective Duration as of Oct 30, 2020 4.18 yrs
Weighted Avg Maturity as of Oct 30, 2020 5.44 yrs
3y Volatility - Benchmark as of Oct 31, 2020 9.11
3y Beta as of Oct 31, 2020 0.998
5y Volatility - Benchmark as of Oct 31, 2020 7.88
5y Beta as of Oct 31, 2020 0.974
WAL to Worst as of Oct 30, 2020 5.44 yrs

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 Oct 9, 2019)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
ALLIED UNIVERSAL HOLDCO LLC 144A 6.625 07/15/2026 0.73
ALTICE FRANCE HOLDING SA 144A 10.5 05/15/2027 0.68
ALLIANT HOLDINGS INTERMEDIATE LLC 144A 6.75 10/15/2027 0.62
CONNECT FINCO SARL 144A 6.75 10/01/2026 0.58
VERSCEND ESCROW CORP 144A 9.75 08/15/2026 0.57
Name Weight (%)
ZAYO GROUP HOLDINGS INC 144A 4 03/01/2027 0.56
CSC HOLDINGS LLC 144A 4.625 12/01/2030 0.55
ALPHA 3 BV 144A 6.25 02/01/2025 0.54
SOLERA LLC / SOLERA FINANCE INC 144A 10.5 03/01/2024 0.51
CLEAR CHANNEL OUTDOOR HOLDINGS INC 144A 5.125 08/15/2027 0.49
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 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
A4 GBP Annual 10.59 0.00 0.00 10.94 8.25 - LU0706698544 - -
A8 Hgd CNH Monthly 104.91 0.00 0.00 106.04 79.95 - LU1919856218 - -
A1 USD Daily 5.90 0.00 0.00 5.92 4.48 - LU0046675905 - -
A2 Hgd EUR Accumulating 219.72 0.03 0.01 219.77 164.13 - LU0330917963 - -
A3 Hgd NZD Monthly 11.13 0.00 0.00 11.39 8.55 - LU0803752046 - -
A2 Hgd SGD Accumulating 15.82 0.00 0.00 15.82 11.72 - LU0578945809 - -
C2 USD Accumulating 28.43 0.00 0.00 28.44 21.14 - LU0147389596 - -
A2 Hgd CHF Accumulating 11.28 0.00 0.00 11.28 8.42 - LU1090155554 - -
A6 USD Monthly 5.04 0.00 0.00 5.14 3.88 - LU0738912566 - -
A3 Hgd CAD Monthly 10.16 0.00 0.00 10.32 7.76 - LU0803751741 - -
A2 USD Accumulating 37.10 0.00 0.00 37.12 27.35 - LU0046676465 - -
D2 Hgd EUR Accumulating 234.22 0.04 0.02 234.25 174.13 - LU0532707519 - -
E2 USD Accumulating 33.84 0.00 0.00 33.85 25.03 - LU0147389919 - -
D2 Hgd AUD Accumulating 19.21 0.00 0.00 19.21 14.22 - LU0827886895 - -
A3 Hgd AUD Monthly 11.37 0.00 0.00 11.63 8.71 - LU0578942376 - -
A3 Hgd EUR Monthly 9.19 0.00 0.00 9.40 7.07 - LU0578943853 - -
A3 Hgd GBP Monthly 9.69 0.01 0.10 9.90 7.44 - LU0580330818 - -
C1 USD Daily 5.91 0.00 0.00 5.93 4.49 - LU0147389166 - -
D2 USD Accumulating 39.54 0.00 0.00 39.56 29.02 - LU0552552704 - -
D2 Hgd CHF Accumulating 11.74 0.00 0.00 11.74 8.73 - LU1090156289 - -
D3 USD Monthly 10.24 0.00 0.00 10.27 7.77 - LU0592702061 - -
A6 Hgd SGD Monthly 9.23 0.00 0.00 9.51 7.15 - LU1314333441 - -
A2 Hgd AUD Accumulating 18.21 0.00 0.00 18.21 13.54 - LU0578947334 - -
A3 Hgd SGD Monthly 9.88 0.00 0.00 10.01 7.54 - LU0578937376 - -
I2 USD Accumulating 16.06 0.00 0.00 16.07 11.77 - LU0822668108 - -
A8 Hgd ZAR Monthly 89.88 -0.01 -0.01 92.60 69.42 - LU1023056127 - -
X6 USD Monthly 10.97 0.00 0.00 11.07 8.37 - LU1376384019 - -
D4 Hgd GBP Annual 10.56 0.00 0.00 10.92 8.24 - LU0681219902 - -
I3 USD Monthly 9.64 0.00 0.00 9.67 7.32 - LU0764821012 - -
A6 Hgd HKD Monthly 37.66 0.00 0.00 38.42 28.98 - LU0764619531 - -
A8 Hgd AUD Monthly 9.11 0.00 0.00 9.40 7.04 - LU0871640396 - -
I2 Hgd EUR Accumulating 12.06 0.00 0.00 12.07 8.96 - LU1111085798 - -
X2 USD Accumulating 44.10 0.00 0.00 44.11 32.20 - LU0147390172 - -
A3 USD Monthly 5.97 0.00 0.00 5.99 4.53 - LU0172419151 - -
D3 Hgd SGD Monthly 9.92 0.00 0.00 10.05 7.57 - LU0827886978 - -
D2 Hgd SGD Accumulating 16.64 0.00 0.00 16.64 12.27 - LU0827887273 - -
E2 EUR Accumulating 28.34 -0.09 -0.32 30.53 23.21 - LU0277197595 - -
I4 Hgd GBP Annual 9.16 0.00 0.00 9.49 7.16 - LU1111085442 - -

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