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

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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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Jun 5, 2020 USD 2,876.015
Base Currency U.S. Dollar
Fund Inception Date Oct 29, 1993
Share Class Inception Date Jun 4, 2014
Asset Class Fixed Income
Morningstar Category USD High Yield Bond
Benchmark Index BBG Barc US Corp High Yield 2% Issuer Capped Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0764821012
Bloomberg Ticker BGUHI3U
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B7JQQC1
Bloomberg Benchmark Ticker LF89TRUU
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of May 31, 2020 8.72
5y Volatility - Benchmark as of May 31, 2020 7.92
5y Beta as of May 31, 2020 0.928

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF US Dollar High Yield Bond Fund, Class I3, as of May 31, 2020 rated against 532 USD High Yield Bond Funds.

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 May 29, 2020
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 3.96
ALLIED UNIVERSAL HOLDCO LLC 144A 6.625 07/15/2026 0.70
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.65
KRAFT HEINZ FOODS CO 144A 4.25 03/01/2031 0.63
VERSCEND ESCROW CORP 144A 9.75 08/15/2026 0.62
Name Weight (%)
ALTICE FRANCE HOLDING SA 144A 10.5 05/15/2027 0.58
FRONTIER COMMUNICATIONS CORP 144A 0 04/01/2027 0.56
PLATFORM SPECIALTY PRODUCTS CORP 144A 5.875 12/01/2025 0.56
SOLERA LLC / SOLERA FINANCE INC 144A 10.5 03/01/2024 0.54
ALPHA 3 BV 144A 6.25 02/01/2025 0.54
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 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
I3 USD Monthly 9.20 0.03 0.33 9.67 7.32 - LU0764821012 - -
E2 USD Accumulating 31.79 0.07 0.22 32.97 25.03 - LU0147389919 - -
A2 Hgd EUR Accumulating 207.18 0.44 0.21 217.29 164.13 - LU0330917963 - -
A8 Hgd CNH Monthly 100.29 0.24 0.24 106.04 79.95 - LU1919856218 - -
A3 Hgd GBP Monthly 9.27 0.02 0.22 9.90 7.44 - LU0580330818 - -
D2 Hgd AUD Accumulating 18.00 0.04 0.22 18.90 14.22 - LU0827886895 - -
A2 Hgd CHF Accumulating 10.64 0.03 0.28 11.14 8.42 - LU1090155554 - -
I2 Hgd EUR Accumulating 11.33 0.03 0.27 11.85 8.96 - LU1111085798 - -
A2 Hgd SGD Accumulating 14.85 0.04 0.27 15.50 11.72 - LU0578945809 - -
E2 EUR Accumulating 28.15 0.01 0.04 30.53 23.21 - LU0277197595 - -
A3 Hgd AUD Monthly 10.88 0.02 0.18 11.63 8.71 - LU0578942376 - -
A3 Hgd NZD Monthly 10.65 0.03 0.28 11.39 8.55 - LU0803752046 - -
A6 USD Monthly 4.85 0.01 0.21 5.14 3.88 - LU0738912566 - -
A1 USD Daily 5.64 0.01 0.18 5.92 4.48 - LU0046675905 - -
A3 Hgd CAD Monthly 9.72 0.02 0.21 10.32 7.76 - LU0803751741 - -
C1 USD Daily 5.65 0.01 0.18 5.93 4.49 - LU0147389166 - -
A2 USD Accumulating 34.78 0.08 0.23 36.01 27.35 - LU0046676465 - -
I4 Hgd GBP Annual 9.06 0.03 0.33 9.62 7.16 - LU1111085442 - -
D2 Hgd EUR Accumulating 220.11 0.47 0.21 230.40 174.13 - LU0532707519 - -
A3 Hgd EUR Monthly 8.83 0.02 0.23 9.40 7.07 - LU0578943853 - -
C2 USD Accumulating 26.81 0.06 0.22 27.86 21.14 - LU0147389596 - -
D2 Hgd CHF Accumulating 11.04 0.03 0.27 11.54 8.73 - LU1090156289 - -
I2 USD Accumulating 14.99 0.03 0.20 15.49 11.77 - LU0822668108 - -
D2 USD Accumulating 36.94 0.08 0.22 38.18 29.02 - LU0552552704 - -
A6 Hgd SGD Monthly 8.90 0.02 0.23 9.51 7.15 - LU1314333441 - -
X6 USD Monthly 10.49 0.02 0.19 11.07 8.37 - LU1376384019 - -
A8 Hgd ZAR Monthly 86.43 0.20 0.23 92.60 69.42 - LU1023056127 - -
D4 Hgd GBP Annual 10.42 0.02 0.19 11.09 8.24 - LU0681219902 - -
A2 Hgd AUD Accumulating 17.12 0.04 0.23 18.01 13.54 - LU0578947334 - -
D3 USD Monthly 9.77 0.02 0.21 10.27 7.77 - LU0592702061 - -
A4 GBP Annual 10.41 0.02 0.19 11.07 8.25 - LU0706698544 - -
A3 Hgd SGD Monthly 9.44 0.02 0.21 10.01 7.54 - LU0578937376 - -
A6 Hgd HKD Monthly 36.24 0.08 0.22 38.42 28.98 - LU0764619531 - -
A8 Hgd AUD Monthly 8.76 0.02 0.23 9.40 7.04 - LU0871640396 - -
A3 USD Monthly 5.70 0.01 0.18 5.99 4.53 - LU0172419151 - -
D3 Hgd SGD Monthly 9.48 0.03 0.32 10.05 7.57 - LU0827886978 - -
X2 USD Accumulating 41.06 0.10 0.24 42.34 32.20 - LU0147390172 - -
D2 Hgd SGD Accumulating 15.56 0.03 0.19 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