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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

  • Returns

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 Oct 16, 2019 USD 1,234.079
Base Currency U.S. Dollar
Fund Inception Date Dec 22, 1998
Share Class Inception Date Jun 8, 2007
Asset Class Fixed Income
Morningstar Category Global High Yield Bond
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 LU0172401969
Bloomberg Ticker MLYGHYU
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B43LSC5
Bloomberg Benchmark Ticker ML_GHYUSDH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Sep 30, 2019 3.78
5y Volatility - Benchmark as of Sep 30, 2019 5.04
5y Beta as of Sep 30, 2019 0.990

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global High Yield Bond Fund, Class A3, as of Sep 30, 2019 rated against 510 Global High Yield Bond 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 Sep 30, 2019
Name Weight (%)
ALLY FINANCIAL INC 8 11/01/2031 0.73
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 0.70
PETROBRAS GLOBAL FINANCE BV 144A 5.093 01/15/2030 0.66
BOMBARDIER INC 144A 7.875 04/15/2027 0.50
GMAC CAPITAL TRUST I 0.49
Name Weight (%)
BWAY HOLDING CO RegS 4.75 04/15/2024 0.47
CENTENE CORPORATION 144A 5.375 06/01/2026 0.47
SBA COMMUNICATIONS CORP 4.875 09/01/2024 0.46
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.44
ALTICE FRANCE SA (FRANCE) 144A 7.375 05/01/2026 0.44
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% 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
A3 USD Monthly 8.06 0.01 0.12 8.10 7.48 - LU0172401969 - -
A1 USD Daily 8.01 0.02 0.25 8.04 7.43 - LU0171284770 - -
E2 EUR Accumulating 21.46 -0.08 -0.37 21.73 18.63 - LU0628613712 - -
C2 USD Accumulating 22.61 0.03 0.13 22.66 20.45 - LU0331284447 - -
A8 Hgd CNH - 104.99 0.16 0.15 105.60 98.71 - LU1919856135 - -
D3 Hgd EUR Monthly 5.21 0.01 0.19 5.26 4.95 - LU0827882472 - -
A2 Hgd EUR Accumulating 17.09 0.02 0.12 17.14 15.68 - LU0093504206 - -
E2 Hgd EUR Accumulating 15.44 0.02 0.13 15.49 14.22 - LU0093505864 - -
D2 Hgd EUR Accumulating 18.16 0.03 0.17 18.21 16.57 - LU0368267034 - -
D2 USD Accumulating 27.99 0.04 0.14 28.02 24.93 - LU0297941899 - -
C2 Hgd EUR Accumulating 13.52 0.02 0.15 13.57 12.53 - LU0147394596 - -
Class E5 Hedged EUR Quarterly 10.30 0.01 0.10 10.43 9.78 - LU0500207039 - -
A5 EUR Quarterly 11.25 -0.04 -0.35 11.41 10.06 - LU1125545993 - -
A1 EUR Daily 5.23 0.01 0.19 5.28 4.98 - LU0118259661 - -
X2 USD Accumulating 11.07 0.02 0.18 11.07 9.80 - LU0580566189 - -
A6 Hgd SGD Monthly 9.88 0.01 0.10 9.95 9.34 - LU1830001522 - -
D2 Hgd GBP Accumulating 19.70 0.03 0.15 19.74 17.83 - LU0372548783 - -
X2 Hgd EUR Accumulating 20.65 0.03 0.15 20.69 18.73 - LU0147394752 - -
C1 Hgd EUR Daily 5.35 0.01 0.19 5.40 5.09 - LU0147394323 - -
D3 USD Monthly 8.10 0.01 0.12 8.14 7.52 - LU0827882126 - -
D5 Hgd GBP Quarterly 9.10 0.01 0.11 9.22 8.56 - LU1072327023 - -
A6 Hgd HKD Monthly 52.54 0.08 0.15 52.89 49.70 - LU0784402520 - -
Class AI5 Hedged EUR - 10.23 0.01 0.10 10.27 10.08 - LU1960223334 - -
A8 Hgd AUD Monthly 6.79 0.01 0.15 6.84 6.42 - LU0871640040 - -
I2 USD Accumulating 28.19 0.04 0.14 28.21 25.07 - LU0369584726 - -
A6 USD Monthly 6.97 0.01 0.14 7.02 6.56 - LU0764618640 - -
A2 Hgd PLN Accumulating 14.46 0.02 0.14 14.48 13.05 - LU0849758007 - -
Class AI2 Hedged EUR - 10.26 0.01 0.10 10.30 9.95 - LU1960223250 - -
I2 Hgd EUR - 10.50 0.01 0.10 10.53 9.57 - LU1791806000 - -
A2 Hgd SEK Accumulating 13.52 0.02 0.15 13.56 12.39 - LU0797429023 - -
A8 Hgd ZAR Monthly 90.92 0.15 0.17 91.46 84.88 - LU1023055319 - -
A2 USD Accumulating 26.25 0.04 0.15 26.29 23.51 - LU0171284937 - -
I3 USD Monthly 10.49 0.01 0.10 10.55 9.74 - LU0764819032 - -
E2 USD Accumulating 23.72 0.04 0.17 23.75 21.32 - LU0171285157 - -
I2 Hgd CAD Accumulating 12.63 0.02 0.16 12.65 11.32 - LU1153585705 - -
A3 Hgd EUR Monthly 5.18 0.01 0.19 5.23 4.93 - LU0172401704 - -
C1 USD Daily 8.20 0.01 0.12 8.24 7.62 - LU0331284363 - -
A2 Hgd GBP Accumulating 18.67 0.03 0.16 18.72 16.99 - LU0567554463 - -
X4 Hgd EUR Annual 8.96 0.01 0.11 9.43 8.62 - LU0984200880 - -

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 Garfin
Co-Head of US High Yield, Global Credit

Mitchell Garfin

James Turner
James Turner

Literature

Literature

 

 

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