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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 Dec 13, 2019 USD 1,271.922
Base Currency U.S. Dollar
Fund Inception Date Dec 22, 1998
Share Class Inception Date Sep 1, 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 LU0172401704
Bloomberg Ticker MLYGHYE
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 7659502
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 Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Nov 30, 2019 3.72
5y Volatility - Benchmark as of Sep 30, 2019 5.04
5y Beta as of Nov 30, 2019 1.001

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global High Yield Bond Fund, Class A3 Hedged, as of Nov 30, 2019 rated against 442 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 Nov 29, 2019
Name Weight (%)
PETROBRAS GLOBAL FINANCE BV 144A 5.093 01/15/2030 0.69
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 0.65
ALLY FINANCIAL INC 8 11/01/2031 0.53
SBA COMMUNICATIONS CORP 4.875 09/01/2024 0.48
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.44
Name Weight (%)
ALTICE FINANCING SA 144A 7.5 05/15/2026 0.44
SOLERA LLC / SOLERA FINANCE INC 144A 10.5 03/01/2024 0.43
BWAY HOLDING CO RegS 4.75 04/15/2024 0.42
CLEAR CHANNEL OUTDOOR HOLDINGS INC 144A 5.125 08/15/2027 0.42
GMAC CAPITAL TRUST I 0.41
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 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 Hgd EUR Monthly 5.22 0.01 0.19 5.22 4.93 - LU0172401704 - -
D5 Hgd GBP Quarterly 9.26 0.01 0.11 9.26 8.56 - LU1072327023 - -
D2 USD Accumulating 28.57 0.05 0.18 28.57 24.93 - LU0297941899 - -
A2 Hgd EUR Accumulating 17.35 0.03 0.17 17.35 15.68 - LU0093504206 - -
D2 Hgd GBP Accumulating 20.06 0.04 0.20 20.06 17.83 - LU0372548783 - -
E2 EUR Accumulating 21.66 -0.02 -0.09 21.73 18.63 - LU0628613712 - -
C1 Hgd EUR Daily 5.40 0.01 0.19 5.40 5.09 - LU0147394323 - -
A6 Hgd SGD Monthly 9.96 0.01 0.10 9.96 9.34 - LU1830001522 - -
D3 Hgd EUR Monthly 5.25 0.01 0.19 5.25 4.95 - LU0827882472 - -
A8 Hgd CNH - 106.10 0.18 0.17 106.10 98.71 - LU1919856135 - -
Class E5 Hedged EUR Quarterly 10.45 0.02 0.19 10.45 9.78 - LU0500207039 - -
D3 USD Monthly 8.20 0.01 0.12 8.20 7.52 - LU0827882126 - -
A5 EUR Quarterly 11.36 -0.01 -0.09 11.41 10.06 - LU1125545993 - -
X2 Hgd EUR Accumulating 21.01 0.04 0.19 21.01 18.73 - LU0147394752 - -
X2 USD Accumulating 11.31 0.02 0.18 11.31 9.80 - LU0580566189 - -
C2 Hgd EUR Accumulating 13.69 0.02 0.15 13.69 12.53 - LU0147394596 - -
A1 USD Daily 8.11 0.02 0.25 8.11 7.43 - LU0171284770 - -
C2 USD Accumulating 23.00 0.04 0.17 23.00 20.45 - LU0331284447 - -
D2 Hgd EUR Accumulating 18.45 0.03 0.16 18.45 16.57 - LU0368267034 - -
E2 Hgd EUR Accumulating 15.66 0.03 0.19 15.66 14.22 - LU0093505864 - -
A1 EUR Daily 5.27 0.00 0.00 5.27 4.98 - LU0118259661 - -
A2 Hgd SEK Accumulating 13.73 0.03 0.22 13.73 12.39 - LU0797429023 - -
A6 Hgd HKD Monthly 53.01 0.09 0.17 53.01 49.70 - LU0784402520 - -
A8 Hgd AUD Monthly 6.85 0.01 0.15 6.85 6.42 - LU0871640040 - -
Class AI2 Hedged EUR - 10.41 0.01 0.10 10.41 9.95 - LU1960223250 - -
I2 Hgd EUR - 10.68 0.02 0.19 10.68 9.57 - LU1791806000 - -
A2 Hgd PLN Accumulating 14.73 0.03 0.20 14.73 13.05 - LU0849758007 - -
E2 USD Accumulating 24.16 0.04 0.17 24.16 21.32 - LU0171285157 - -
A8 Hgd ZAR Monthly 91.92 0.14 0.15 91.92 84.88 - LU1023055319 - -
Class AI5 Hedged EUR - 10.38 0.01 0.10 10.38 10.08 - LU1960223334 - -
A6 USD Monthly 7.04 0.02 0.28 7.04 6.56 - LU0764618640 - -
A2 USD Accumulating 26.76 0.04 0.15 26.76 23.51 - LU0171284937 - -
I2 Hgd CAD Accumulating 12.89 0.02 0.16 12.89 11.32 - LU1153585705 - -
I2 USD Accumulating 28.78 0.05 0.17 28.78 25.07 - LU0369584726 - -
A2 Hgd GBP Accumulating 18.98 0.02 0.11 18.98 16.99 - LU0567554463 - -
I3 USD Monthly 10.62 0.02 0.19 10.62 9.74 - LU0764819032 - -
C1 USD Daily 8.31 0.02 0.24 8.31 7.62 - LU0331284363 - -
X4 Hgd EUR Annual 9.11 0.01 0.11 9.43 8.62 - LU0984200880 - -
A3 USD Monthly 8.16 0.02 0.25 8.16 7.48 - LU0172401969 - -

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