Fixed Income

BGF Global Corporate 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

7.69 0.57 -2.91 8.63 4.44
Benchmark (%)

as of Sep 30, 2020

8.59 2.25 0.08 11.70 6.20
  1Y 3Y 5Y 10y Incept.
4.44 3.27 3.59 4.03 6.27
Benchmark (%)

as of Sep 30, 2020

6.20 5.89 5.68 4.94 6.55
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
4.02 0.19 2.17 4.44 10.15 19.29 48.52 102.35
Benchmark (%)

as of Sep 30, 2020

5.34 -0.03 1.81 6.20 18.73 31.83 62.03 108.58
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 21, 2020 USD 2,108.319
12m Trailing Yield -
Number of Holdings as of Sep 30, 2020 754
Base Currency U.S. Dollar
Fund Inception Date Oct 19, 2007
Share Class Inception Date Feb 27, 2009
Asset Class Fixed Income
Morningstar Category Global Corporate Bond - EUR Hedged
Benchmark Index BBG Barc Global Agg Corporate Index, 100% USD Hedged
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.05%
ISIN LU0414062249
Bloomberg Ticker BRGXEH2
Annual Management Fee 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B57H9B2
Bloomberg Benchmark Ticker LGCPTRUH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Sep 30, 2020 1.85%
Modified Duration as of Sep 30, 2020 7.53 yrs
Effective Duration as of Sep 30, 2020 7.22 yrs
Weighted Avg Maturity as of Sep 30, 2020 9.43 yrs
3y Volatility - Benchmark as of Sep 30, 2020 5.95
3y Beta as of Sep 30, 2020 0.966
5y Volatility - Benchmark as of Sep 30, 2020 4.99
5y Beta as of Sep 30, 2020 0.974
WAL to Worst as of Sep 30, 2020 9.43 yrs

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for BGF Global Corporate Bond Fund, Class X2 Hedged, as of Sep 30, 2020 rated against 237 Global Corporate Bond - EUR Hedged Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Sep 30, 2020
Name Weight (%)
CITIGROUP INC 4.412 03/31/2031 0.85
BARCLAYS PLC MTN RegS 3.375 04/02/2025 0.65
COMCAST CORPORATION 4.6 10/15/2038 0.63
VERIZON COMMUNICATIONS INC 4.272 01/15/2036 0.53
UBS AG RegS 5.125 05/15/2024 0.52
Name Weight (%)
TELEFONICA EUROPE BV 23 RegS 3 12/31/2049 0.51
APPLE INC 2.513 08/19/2024 0.51
BANCO BILBAO VIZCAYA ARGENTARIA SA 1.125 09/18/2025 0.50
NORDEA BANK ABP 144A 0.75 08/28/2025 0.50
FRESENIUS MEDICAL CARE US FINANCE 144A 3.75 06/15/2029 0.48
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
X2 Hgd EUR Accumulating 15.56 -0.03 -0.19 15.70 12.95 - LU0414062249 - -
A8 Hgd NZD Monthly 10.17 -0.02 -0.20 10.30 8.59 - LU1149717313 - -
X4 Hgd GBP Annual 9.92 -0.02 -0.20 10.24 8.44 - LU0414062165 - -
I2 USD Accumulating 12.76 -0.03 -0.23 12.87 10.54 - LU1181254019 - -
D2 Hgd EUR Accumulating 14.51 -0.03 -0.21 14.66 12.12 - LU0326951752 - -
E2 Hgd EUR Accumulating 12.94 -0.02 -0.15 13.10 10.87 - LU0307653898 - -
A3 Hgd NZD Monthly 12.77 -0.02 -0.16 12.92 10.72 - LU0803752475 - -
A8 Hgd CNH Monthly 106.51 -0.18 -0.17 107.65 89.15 - LU1220227653 - -
A6 Hgd SGD Monthly 10.27 -0.02 -0.19 10.42 8.69 - LU1435395121 - -
I2 Hgd EUR Accumulating 10.98 -0.03 -0.27 11.09 9.17 - LU1625162489 - -
A5 USD Quarterly 11.77 -0.03 -0.25 11.92 9.81 - LU0825403933 - -
A8 Hgd AUD Monthly 11.54 -0.03 -0.26 11.70 9.74 - LU0871639976 - -
D2 Hgd GBP Accumulating 10.91 -0.02 -0.18 11.01 9.10 - LU1222731728 - -
A4 Hgd EUR Annual 9.44 -0.01 -0.11 9.67 8.01 - LU0303846876 - -
A6 Hgd HKD Monthly 86.82 -0.18 -0.21 88.06 73.10 - LU0788109550 - -
D5 Hgd GBP Accumulating 10.86 -0.02 -0.18 11.00 9.13 - LU1814255474 - -
A2 Hgd EUR Accumulating 13.77 -0.03 -0.22 13.93 11.53 - LU0297942434 - -
A6 USD Monthly 11.65 -0.02 -0.17 11.81 9.82 - LU0788109634 - -
A2 USD Accumulating 15.75 -0.03 -0.19 15.90 13.05 - LU0297942194 - -
A3 Hgd GBP Monthly 11.05 -0.02 -0.18 11.18 9.31 - LU0816460231 - -
D2 USD Accumulating 16.62 -0.03 -0.18 16.76 13.73 - LU0326960662 - -
I2 Hgd CAD Accumulating 12.48 -0.02 -0.16 12.59 10.35 - LU1153585614 - -
A3 Hgd CAD Monthly 11.65 -0.03 -0.26 11.79 9.77 - LU0816460157 - -
A3 Hgd AUD Monthly 12.61 -0.03 -0.24 12.76 10.59 - LU0816460074 - -
E2 USD Accumulating 14.74 -0.03 -0.20 14.90 12.26 - LU0326961470 - -
A2 Hgd SEK Accumulating 110.00 -0.22 -0.20 111.19 91.69 - LU1162516634 - -
I4 Hgd GBP Annual 10.59 -0.02 -0.19 10.90 9.00 - LU1403442228 - -
X2 USD Accumulating 17.77 -0.03 -0.17 17.90 14.64 - LU0434566104 - -

Portfolio Managers

Portfolio Managers

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.

Stephan Bassas
Lead Portfolio Manager for US Investment Grade Credit

Stephan Bassas

Tom Mondelaers
Tom Mondelaers

Literature

Literature