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Fixed Income

BGF Global Government 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

  • Returns

  From
31-Dec-2014
To
31-Dec-2015
From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2019

-0.35 1.38 0.27 -2.32 4.36
Benchmark (%) Index: FTSE WGBI Index 100% Hedged in USD<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of Dec 31, 2019

1.30 3.75 2.14 2.60 7.59
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 Mar 30, 2020 USD 897.888
Base Currency U.S. Dollar
Fund Inception Date May 14, 1987
Share Class Inception Date Jun 30, 1987
Asset Class Fixed Income
Morningstar Category Global Bond - EUR Hedged
Benchmark Index FTSE WGBI Index 100% Hedged in USD
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0297942863
Bloomberg Ticker MISGSHU
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B1YLKF0
Bloomberg Benchmark Ticker SBWGC
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 Feb 29, 2020 3.15
5y Volatility - Benchmark as of Dec 31, 2019 8.79
5y Beta as of Feb 29, 2020 0.914

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global Government Bond Fund, Class A2 Hedged, as of Feb 29, 2020 rated against 391 Global Bond - EUR Hedged Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Feb 28, 2020
Name Weight (%)
TREASURY (CPI) NOTE 0.5 04/15/2024 8.90
UMBS 30YR TBA(REG A) 4.68
ITALY (REPUBLIC OF) 1.75 07/01/2024 1.92
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 1.87
JAPAN (GOVERNMENT OF) 5YR #131 0.1 03/20/2022 1.42
Name Weight (%)
JAPAN (GOVERNMENT OF) 30YR #54 0.8 03/20/2047 1.16
JAPAN (GOVERNMENT OF) 20YR #130 1.8 09/20/2031 1.16
JAPAN (GOVERNMENT OF) 10YR #318 1 09/20/2021 1.05
JAPAN (GOVERNMENT OF) 5YR #137 0.1 09/20/2023 1.02
TREASURY (CPI) NOTE 0.25 01/15/2025 0.91
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 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
A2 Hgd EUR Accumulating 26.48 0.13 0.49 27.66 25.58 - LU0297942863 - -
X2 Hgd EUR Accumulating 11.29 0.05 0.44 11.79 10.81 - LU1083813532 - -
E2 USD Accumulating 28.24 0.14 0.50 29.41 26.64 - LU0090845412 - -
C2 USD Accumulating 23.85 0.12 0.51 24.85 22.66 - LU0147382310 - -
C2 Hgd EUR Accumulating 20.25 0.10 0.50 21.16 19.79 - LU0297943838 - -
X2 Hgd SEK Accumulating 103.46 0.52 0.51 107.93 98.73 - LU1495984053 - -
E2 Hgd EUR Accumulating 23.84 0.12 0.51 24.90 23.13 - LU0297944059 - -
X2 Hgd NOK - 108.84 0.52 0.48 113.84 102.52 - LU1806518707 - -
A3 Hgd GBP Monthly 10.08 0.05 0.50 10.54 9.70 - LU1484781395 - -
C1 USD Daily 20.41 0.10 0.49 21.27 19.39 - LU0331285410 - -
I2 USD Accumulating 11.40 0.05 0.44 11.87 10.66 - LU1567964413 - -
A3 Hgd HKD Monthly 103.54 0.53 0.51 107.88 98.25 - LU1484781478 - -
D3 USD Monthly 22.05 0.11 0.50 22.96 20.87 - LU0827882043 - -
X2 USD Accumulating 11.40 0.05 0.44 11.87 10.62 - LU0462857607 - -
D2 Hgd EUR Accumulating 27.75 0.13 0.47 28.98 26.71 - LU0329591563 - -
A3 USD Monthly 22.02 0.11 0.50 22.93 20.84 - LU0172412149 - -
D3 Hgd EUR Monthly 18.80 0.09 0.48 19.63 18.30 - LU0827881821 - -
D2 USD Accumulating 32.34 0.16 0.50 33.67 30.27 - LU0540001038 - -
A2 USD Accumulating 31.25 0.15 0.48 32.54 29.35 - LU0006061385 - -
I4 Hgd EUR - 10.30 0.05 0.49 10.75 10.03 - LU1811366183 - -
A1 USD Daily 21.98 0.11 0.50 22.90 20.79 - LU0118256485 - -
C3 USD Monthly 21.41 0.10 0.47 22.31 20.35 - LU0172412495 - -
C1 Hgd EUR Daily 17.78 0.08 0.45 18.58 17.37 - LU0297940818 - -
A1 Hgd EUR Daily 18.93 0.09 0.48 19.77 18.42 - LU0297940495 - -
A3 Hgd EUR Monthly 18.77 0.09 0.48 19.61 18.27 - LU0297943168 - -

Portfolio Managers

Portfolio Managers

Bob Miller
Managing Director, Head of Americas Fundamental Fixed Income

Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee.

Aidan Doyle (FI)
Aidan Doyle (FI)

Literature

Literature