Fixed Income

BGF Euro 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

4.89 2.16 -3.28 0.86 6.57
Benchmark (%)

as of Sep 30, 2020

7.17 2.76 -1.65 2.69 8.06
  1Y 3Y 5Y 10y Incept.
6.57 1.30 2.18 1.08 3.81
Benchmark (%)

as of Sep 30, 2020

8.06 2.95 3.74 2.26 5.37
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
6.12 -0.93 5.76 6.57 3.96 11.40 11.31 97.94
Benchmark (%)

as of Sep 30, 2020

7.37 -0.94 5.97 8.06 9.12 20.18 25.05 159.76
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 EUR 5,253.577
12m Trailing Yield -
Number of Holdings as of Sep 30, 2020 845
Base Currency Euro
Fund Inception Date Mar 31, 1994
Share Class Inception Date Jul 1, 2002
Asset Class Fixed Income
Morningstar Category EUR Diversified Bond
Benchmark Index BBG Barc Euro Aggregate 500+ in USD
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 2.22%
ISIN LU0331283399
Bloomberg Ticker MEUBDCC
Annual Management Fee 2.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 7455711
Bloomberg Benchmark Ticker LEUR500USD
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Sep 30, 2020 0.25%
Modified Duration as of Sep 30, 2020 7.96 yrs
Effective Duration as of Sep 30, 2020 7.85 yrs
Weighted Avg Maturity as of Sep 30, 2020 8.79 yrs
3y Volatility - Benchmark as of Sep 30, 2020 7.05
3y Beta as of Sep 30, 2020 1.091
5y Volatility - Benchmark as of Sep 30, 2020 7.52
5y Beta as of Sep 30, 2020 1.023
WAL to Worst as of Sep 30, 2020 8.79 yrs

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF Euro Bond Fund, Class C2, as of Dec 31, 2017 rated against 1167 EUR Diversified Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Gold
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective Dec 21, 2015)

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 (%)
GERMANY (FEDERAL REPUBLIC OF) 4.25 07/04/2039 1.71
FRANCE (REPUBLIC OF) 1.75 06/25/2039 1.36
ITALY (REPUBLIC OF) 1.45 11/15/2024 1.30
ITALY (REPUBLIC OF) 1.3 05/15/2028 1.07
ITALY (REPUBLIC OF) 1.85 07/01/2025 1.06
Name Weight (%)
ITALY (REPUBLIC OF) 0.05 04/15/2021 0.95
GERMANY (FEDERAL REPUBLIC OF) 4.75 07/04/2040 0.92
JAPAN (GOVERNMENT OF) 10YR #23 0.1 03/10/2028 0.91
SPAIN (KINGDOM OF) 2.75 10/31/2024 0.89
GERMANY (FEDERAL REPUBLIC OF) 0 08/15/2030 0.85
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
C2 USD Accumulating 27.98 0.01 0.04 28.10 23.82 - LU0331283399 - -
Class AI2 EUR - 10.66 -0.01 -0.12 10.70 9.85 - LU1960220827 - -
E5 EUR Quarterly 26.14 -0.02 -0.08 26.27 24.25 - LU0500207468 - -
A2 USD Accumulating 36.96 0.01 0.03 37.11 31.23 - LU0171279184 - -
D2 EUR Accumulating 32.75 -0.03 -0.09 32.90 30.23 - LU0297941469 - -
Class I4 EUR - 10.78 -0.01 -0.09 10.83 9.98 - LU1808491655 - -
A3 USD Monthly 24.97 0.01 0.04 25.07 21.10 - LU0172748641 - -
D4 Hgd GBP Annual 11.49 -0.01 -0.09 11.55 10.61 - LU1376384365 - -
D3 EUR Monthly 21.15 -0.02 -0.09 21.25 19.56 - LU0827877555 - -
A2 Hgd PLN Accumulating 115.44 -0.11 -0.10 115.99 106.26 - LU1499592381 - -
A1 USD Monthly 24.98 0.01 0.04 25.09 21.11 - LU0171278889 - -
A4 EUR Annual 28.28 -0.02 -0.07 28.41 26.16 - LU0430265933 - -
D2 USD Accumulating 38.77 0.02 0.05 38.92 32.69 - LU0827877472 - -
I4 Hgd GBP Annual 11.52 -0.01 -0.09 11.57 10.64 - LU1376384282 - -
E2 USD Accumulating 33.16 0.01 0.03 33.29 28.10 - LU0171279937 - -
A4 GBP Annual 25.71 0.08 0.31 26.00 23.10 - LU0204069685 - -
D4 GBP Annual 25.80 0.08 0.31 26.09 23.17 - LU0827877712 - -
A2 EUR Accumulating 31.22 -0.03 -0.10 31.37 28.88 - LU0050372472 - -
D3 USD Monthly 25.04 0.01 0.04 25.14 21.15 - LU0827877639 - -
A1 EUR Monthly 21.11 -0.01 -0.05 21.20 19.52 - LU0118259232 - -
I4 Hgd USD - 11.44 -0.01 -0.09 11.49 10.53 - LU1808491812 - -
I2 Hgd JPY Accumulating 1,109.00 -1.00 -0.09 1,114.00 1,023.00 - LU1668661629 - -
A3 EUR Monthly 21.10 -0.02 -0.09 21.20 19.51 - LU0172396516 - -
E2 EUR Accumulating 28.01 -0.03 -0.11 28.15 25.99 - LU0090830810 - -
I2 Hgd USD Accumulating 12.63 -0.01 -0.08 12.68 11.58 - LU1376384100 - -
Class S4 EUR Annual 10.82 0.00 0.00 10.87 10.01 - LU1722863484 - -
I2 EUR Accumulating 15.73 -0.01 -0.06 15.80 14.51 - LU0368229703 - -
C2 EUR Accumulating 23.64 -0.02 -0.08 23.76 22.03 - LU0147393358 - -
X2 EUR Accumulating 35.29 -0.03 -0.08 35.45 32.46 - LU0298377911 - -
D2 Hgd USD Accumulating 14.86 -0.01 -0.07 14.92 13.63 - LU0869640077 - -
D4 EUR Annual 12.53 -0.01 -0.08 12.59 11.59 - LU0938162699 - -
A2 Hgd USD Accumulating 14.45 -0.01 -0.07 14.51 13.29 - LU0869650977 - -
I2 Hgd CHF Accumulating 11.21 -0.01 -0.09 11.26 10.37 - LU1180456292 - -
A2 Hgd JPY Accumulating 1,092.00 -1.00 -0.09 1,097.00 1,010.00 - LU1668663914 - -
D2 Hgd CHF Accumulating 12.60 -0.01 -0.08 12.66 11.66 - LU1266592374 - -
A2 CZK Accumulating 851.24 0.14 0.02 857.12 761.34 - LU1791174284 - -

Portfolio Managers

Portfolio Managers

Ronald van Loon
Ronald van Loon
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.

Literature

Literature