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

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

6.00 5.51 -2.28 1.73 -1.18
Benchmark (%)

as of Sep 30, 2020

13.51 9.20 2.11 7.56 2.85
  1Y 3Y 5Y 10y Incept.
-0.74 -0.44 1.44 2.51 3.66
Benchmark (%)

as of Oct 31, 2020

2.72 4.08 6.40 6.45 7.79
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-2.18 0.60 -0.15 -0.74 -1.32 7.43 28.12 87.17
Benchmark (%)

as of Oct 31, 2020

0.37 0.42 0.72 2.72 12.75 36.38 86.91 270.51
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 Nov 27, 2020 USD 1,787.556
12m Trailing Yield -
Number of Holdings as of Oct 30, 2020 1587
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 BofA Global High Yield Constrained (HW0C) 100% USD Hedged Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 2.71%
ISIN LU0147394596
Bloomberg Ticker MEUHYCA
Annual Management Fee 2.50%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 7505928
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

Yield to Worst as of Oct 30, 2020 5.33%
Modified Duration as of Oct 30, 2020 5.20 yrs
Effective Duration as of Oct 30, 2020 4.48 yrs
Weighted Avg Maturity as of Oct 30, 2020 6.09 yrs
3y Volatility - Benchmark as of Oct 31, 2020 9.45
3y Beta as of Oct 31, 2020 0.952
5y Volatility - Benchmark as of Oct 31, 2020 7.98
5y Beta as of Oct 31, 2020 0.951
WAL to Worst as of Oct 30, 2020 6.09 yrs

Ratings

Ratings

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 1.28
PETROLEOS MEXICANOS 6.375 01/23/2045 0.78
ALLIED UNIVERSAL HOLDCO LLC 144A 6.625 07/15/2026 0.45
ALTICE FRANCE HOLDING SA 144A 10.5 05/15/2027 0.42
PETROBRAS GLOBAL FINANCE BV 5.093 01/15/2030 0.42
Name Weight (%)
PETROLEOS MEXICANOS 3.5 01/30/2023 0.40
VERSCEND ESCROW CORP 144A 9.75 08/15/2026 0.39
CONNECT FINCO SARL 144A 6.75 10/01/2026 0.38
ALLIANT HOLDINGS INTERMEDIATE LLC 144A 6.75 10/15/2027 0.37
ALTICE FINANCING SA 144A 7.5 05/15/2026 0.36
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 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 Hgd EUR Accumulating 13.95 0.00 0.00 13.95 10.51 - LU0147394596 - -
C2 USD Accumulating 24.01 0.00 0.00 24.01 17.86 - LU0331284447 - -
D5 Hgd GBP Quarterly 9.15 0.00 0.00 9.33 6.96 - LU1072327023 - -
D3 Hgd EUR Monthly 5.22 0.00 0.00 5.30 4.01 - LU0827882472 - -
C1 Hgd EUR Daily 5.35 0.00 0.00 5.44 4.11 - LU0147394323 - -
A2 Hgd EUR Accumulating 17.89 0.01 0.06 17.89 13.37 - LU0093504206 - -
D2 Hgd GBP Accumulating 20.84 0.00 0.00 20.84 15.48 - LU0372548783 - -
A5 EUR Quarterly 10.73 -0.04 -0.37 11.85 8.95 - LU1125545993 - -
D2 USD Accumulating 30.38 0.01 0.03 30.38 22.31 - LU0297941899 - -
A1 EUR Daily 5.23 0.00 0.00 5.32 4.02 - LU0118259661 - -
A1 USD Daily 8.23 0.00 0.00 8.23 6.24 - LU0171284770 - -
Class E5 Hedged EUR Quarterly 10.32 0.00 0.00 10.51 7.88 - LU0500207039 - -
D2 Hgd EUR Accumulating 19.15 0.00 0.00 19.15 14.24 - LU0368267034 - -
E2 EUR Accumulating 21.27 -0.06 -0.28 22.82 17.43 - LU0628613712 - -
X2 Hgd EUR Accumulating 21.96 0.01 0.05 21.96 16.25 - LU0147394752 - -
A6 Hgd SGD Monthly 9.81 0.00 0.00 10.07 7.59 - LU1830001522 - -
D3 USD Monthly 8.35 0.00 0.00 8.35 6.33 - LU0827882126 - -
X2 USD Accumulating 12.11 0.01 0.08 12.11 8.85 - LU0580566189 - -
A8 Hgd CNH Monthly 106.90 0.02 0.02 107.45 81.45 - LU1919856135 - -
E2 Hgd EUR Accumulating 16.07 0.01 0.06 16.07 12.05 - LU0093505864 - -
A2 Hgd PLN Accumulating 15.27 0.00 0.00 15.27 11.38 - LU0849758007 - -
A2 Hgd SEK Accumulating 14.19 0.01 0.07 14.19 10.56 - LU0797429023 - -
I2 USD Accumulating 30.65 0.01 0.03 30.65 22.48 - LU0369584726 - -
A8 Hgd ZAR Monthly 91.11 0.00 0.00 93.35 70.34 - LU1023055319 - -
A8 Hgd AUD Monthly 6.74 0.00 0.00 6.92 5.19 - LU0871640040 - -
A6 Hgd HKD Monthly 52.91 0.01 0.02 53.62 40.67 - LU0784402520 - -
A2 USD Accumulating 28.27 0.00 0.00 28.27 20.86 - LU0171284937 - -
E2 USD Accumulating 25.40 0.01 0.04 25.40 18.80 - LU0171285157 - -
A6 USD Monthly 7.02 0.01 0.14 7.11 5.40 - LU0764618640 - -
Class AI2 Hedged EUR - 10.75 0.00 0.00 10.75 8.03 - LU1960223250 - -
I2 Hgd CAD Accumulating 13.53 0.01 0.07 13.53 10.00 - LU1153585705 - -
A3 Hgd EUR Monthly 5.19 0.00 0.00 5.27 3.98 - LU0172401704 - -
I2 Hgd EUR - 11.10 0.00 0.00 11.10 8.25 - LU1791806000 - -
C1 USD Daily 8.44 0.00 0.00 8.44 6.40 - LU0331284363 - -
Class AI5 Hedged EUR Quarterly 10.71 0.00 0.00 10.71 8.01 - LU1960223334 - -
A3 USD Monthly 8.30 0.00 0.00 8.30 6.29 - LU0172401969 - -
A2 Hgd GBP Accumulating 19.60 0.01 0.05 19.60 14.63 - LU0567554463 - -
X4 Hgd EUR Annual 9.02 0.01 0.11 9.28 7.05 - LU0984200880 - -
I3 USD Monthly 10.81 0.00 0.00 10.81 8.19 - LU0764819032 - -

Portfolio Managers

Portfolio Managers

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

Jimmy E. Keenan, CFA, Managing Director, is Chief Investment Officer and Global Co-Head of Credit within BlackRock Alternative Investors (BAI).

Jose Aguilar
Managing Director

Jose Aguilar, Managing Director, is the head of European High Yield Strategies within BlackRock's Global Credit Platform.

David Delbos
Co-Head of US High Yield, Global Credit

David Delbos

Mitchell S. Garfin
Co-Head of Leveraged Finance, BlackRock

Mitchell S. Garfin, CFA, Managing Director, is the Co-Head of Leveraged Finance within BlackRock's Global Credit team. He is responsible for managing US High Yield and Global strategies.

James Turner
Managing Director

James Turner ACA, is Head of European Leveraged Finance, overseeing investment strategies across European High Yield, Long/Short Credit, CLOs, Leveraged Loans and the European Fundamental Credit Research team.

Literature

Literature