Fixed Income

BGF Global 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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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Aug 13, 2020 USD 1,618.721
Base Currency U.S. Dollar
Fund Inception Date Dec 22, 1998
Share Class Inception Date May 16, 2003
Asset Class Fixed Income
Morningstar Category Global High Yield Bond - EUR Hedged
Benchmark Index ICE BofAML Global High Yield Constrained (HW0C) 100% USD Hedged Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0093505864
Bloomberg Ticker MEREHYE
Initial Charge 3.00%
Performance Fee 0.00%
SEDOL B4T24B3
Bloomberg Benchmark Ticker ML_GHYUSDH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Jul 31, 2020 9.40
5y Volatility - Benchmark as of Jul 31, 2020 8.22
5y Beta as of Jul 31, 2020 0.956

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global High Yield Bond Fund, Class E2 Hedged, as of Jul 31, 2020 rated against 476 Global High Yield Bond - EUR Hedged Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze 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 Jul 31, 2020
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 1.37
PETROLEOS MEXICANOS 6.375 01/23/2045 1.06
ALLIED UNIVERSAL HOLDCO LLC 144A 6.625 07/15/2026 0.47
VERSCEND ESCROW CORP 144A 9.75 08/15/2026 0.45
ALTICE FRANCE HOLDING SA 144A 10.5 05/15/2027 0.44
Name Weight (%)
ALTICE FINANCING SA 144A 7.5 05/15/2026 0.42
PETROBRAS GLOBAL FINANCE BV 144A 5.093 01/15/2030 0.42
UCI INTERNATIONAL INC Prvt 0.41
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.38
CONNECT FINCO SARL 144A 6.75 10/01/2026 0.37
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 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 Hgd EUR Accumulating 15.60 -0.02 -0.13 15.89 12.05 - LU0093505864 - -
C1 Hgd EUR Daily 5.25 -0.01 -0.19 5.44 4.11 - LU0147394323 - -
X2 USD Accumulating 11.66 -0.01 -0.09 11.70 8.85 - LU0580566189 - -
A1 USD Daily 8.05 -0.02 -0.25 8.21 6.24 - LU0171284770 - -
D3 Hgd EUR Monthly 5.10 -0.01 -0.20 5.30 4.01 - LU0827882472 - -
E2 EUR Accumulating 20.74 -0.17 -0.81 22.82 17.43 - LU0628613712 - -
A1 EUR Daily 5.13 -0.01 -0.19 5.32 4.02 - LU0118259661 - -
A6 Hgd SGD Monthly 9.63 -0.02 -0.21 10.07 7.59 - LU1830001522 - -
D2 Hgd EUR Accumulating 18.52 -0.03 -0.16 18.77 14.24 - LU0368267034 - -
A8 Hgd CNH Monthly 104.48 -0.12 -0.11 107.45 81.45 - LU1919856135 - -
A2 Hgd EUR Accumulating 17.34 -0.02 -0.12 17.63 13.37 - LU0093504206 - -
D3 USD Monthly 8.15 -0.01 -0.12 8.32 6.33 - LU0827882126 - -
C2 Hgd EUR Accumulating 13.57 -0.02 -0.15 13.88 10.51 - LU0147394596 - -
C2 USD Accumulating 23.30 -0.03 -0.13 23.43 17.86 - LU0331284447 - -
X2 Hgd EUR Accumulating 21.19 -0.03 -0.14 21.40 16.25 - LU0147394752 - -
D5 Hgd GBP Quarterly 8.94 -0.01 -0.11 9.33 6.96 - LU1072327023 - -
A5 EUR Quarterly 10.56 -0.08 -0.75 11.85 8.95 - LU1125545993 - -
D2 Hgd GBP Accumulating 20.14 -0.03 -0.15 20.46 15.48 - LU0372548783 - -
Class E5 Hedged EUR Quarterly 10.10 -0.02 -0.20 10.51 7.88 - LU0500207039 - -
I3 USD Monthly 10.55 -0.01 -0.09 10.77 8.19 - LU0764819032 - -
A2 Hgd SEK Accumulating 13.75 -0.02 -0.15 13.95 10.56 - LU0797429023 - -
I2 USD Accumulating 29.56 -0.04 -0.14 29.68 22.48 - LU0369584726 - -
A6 USD Monthly 6.89 -0.01 -0.14 7.11 5.40 - LU0764618640 - -
A6 Hgd HKD Monthly 51.93 -0.07 -0.13 53.62 40.67 - LU0784402520 - -
A8 Hgd AUD Monthly 6.60 -0.01 -0.15 6.92 5.19 - LU0871640040 - -
Class AI5 Hedged EUR - 10.40 -0.03 -0.29 10.56 8.01 - LU1960223334 - -
Class AI2 Hedged EUR - 10.43 -0.03 -0.29 10.59 8.03 - LU1960223250 - -
I2 Hgd EUR - 10.73 -0.02 -0.19 10.87 8.25 - LU1791806000 - -
A8 Hgd ZAR Monthly 89.28 -0.10 -0.11 93.35 70.34 - LU1023055319 - -
A2 Hgd PLN Accumulating 14.78 -0.02 -0.14 15.03 11.38 - LU0849758007 - -
A3 Hgd EUR Monthly 5.08 0.00 0.00 5.27 3.98 - LU0172401704 - -
I2 Hgd CAD Accumulating 13.06 -0.02 -0.15 13.17 10.00 - LU1153585705 - -
A2 Hgd GBP Accumulating 18.97 -0.03 -0.16 19.34 14.63 - LU0567554463 - -
E2 USD Accumulating 24.59 -0.04 -0.16 24.69 18.80 - LU0171285157 - -
C1 USD Daily 8.25 -0.02 -0.24 8.42 6.40 - LU0331284363 - -
A2 USD Accumulating 27.34 -0.04 -0.15 27.45 20.86 - LU0171284937 - -
X4 Hgd EUR Annual 9.19 -0.02 -0.22 9.43 7.05 - LU0984200880 - -
A3 USD Monthly 8.10 -0.02 -0.25 8.27 6.29 - LU0172401969 - -
D2 USD Accumulating 29.31 -0.05 -0.17 29.43 22.31 - LU0297941899 - -

Portfolio Managers

Portfolio Managers

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

 James E. Keenan

Jose Aguilar
Jose Aguilar
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

James Turner
Managing Director, Head of European Leveraged Finance

James Turner

Literature

Literature