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 5, 2020 USD 1,593.633
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 LU0147394596
Bloomberg Ticker MEUHYCA
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

3y Volatility - Benchmark as of Jul 31, 2020 9.40
5y Volatility - Benchmark as of Jul 31, 2020 8.22
5y Beta as of Jun 30, 2020 0.948

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 Jun 30, 2020
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 1.40
PETROLEOS MEXICANOS 6.375 01/23/2045 1.10
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.48
ALLIED UNIVERSAL HOLDCO LLC 144A 6.625 07/15/2026 0.46
VERSCEND ESCROW CORP 144A 9.75 08/15/2026 0.46
Name Weight (%)
PETROBRAS GLOBAL FINANCE BV 144A 5.093 01/15/2030 0.44
ALTICE FINANCING SA 144A 7.5 05/15/2026 0.40
ALTICE FRANCE HOLDING SA 144A 10.5 05/15/2027 0.38
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 0.36
TEVA PHARMACEUTICAL FINANCE NETHER 2.8 07/21/2023 0.36
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2020

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Jun 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 13.52 0.02 0.15 13.88 10.51 - LU0147394596 - -
D3 USD Monthly 8.11 0.01 0.12 8.32 6.33 - LU0827882126 - -
X2 USD Accumulating 11.60 0.02 0.17 11.60 8.85 - LU0580566189 - -
X2 Hgd EUR Accumulating 21.10 0.03 0.14 21.40 16.25 - LU0147394752 - -
D2 Hgd EUR Accumulating 18.45 0.03 0.16 18.77 14.24 - LU0368267034 - -
C1 Hgd EUR Daily 5.23 0.01 0.19 5.44 4.11 - LU0147394323 - -
C2 USD Accumulating 23.20 0.03 0.13 23.43 17.86 - LU0331284447 - -
D2 USD Accumulating 29.18 0.05 0.17 29.20 22.31 - LU0297941899 - -
A8 Hgd CNH Monthly 103.95 0.17 0.16 107.45 81.45 - LU1919856135 - -
A6 Hgd SGD Monthly 9.59 0.01 0.10 10.07 7.59 - LU1830001522 - -
D2 Hgd GBP Accumulating 20.05 0.03 0.15 20.46 15.48 - LU0372548783 - -
A2 Hgd EUR Accumulating 17.27 0.03 0.17 17.63 13.37 - LU0093504206 - -
Class E5 Hedged EUR Quarterly 10.07 0.02 0.20 10.51 7.88 - LU0500207039 - -
D3 Hgd EUR Monthly 5.08 0.00 0.00 5.30 4.01 - LU0827882472 - -
A5 EUR Quarterly 10.48 -0.13 -1.23 11.85 8.95 - LU1125545993 - -
E2 Hgd EUR Accumulating 15.54 0.03 0.19 15.89 12.05 - LU0093505864 - -
E2 EUR Accumulating 20.59 -0.26 -1.25 22.82 17.43 - LU0628613712 - -
A1 EUR Daily 5.11 0.01 0.20 5.32 4.02 - LU0118259661 - -
D5 Hgd GBP Quarterly 8.90 0.01 0.11 9.33 6.96 - LU1072327023 - -
A1 USD Daily 8.03 0.02 0.25 8.21 6.24 - LU0171284770 - -
I3 USD Monthly 10.50 0.02 0.19 10.77 8.19 - LU0764819032 - -
A8 Hgd AUD Monthly 6.57 0.01 0.15 6.92 5.19 - LU0871640040 - -
I2 USD Accumulating 29.42 0.04 0.14 29.43 22.48 - LU0369584726 - -
A6 USD Monthly 6.86 0.02 0.29 7.11 5.40 - LU0764618640 - -
A2 Hgd SEK Accumulating 13.69 0.02 0.15 13.95 10.56 - LU0797429023 - -
Class AI2 Hedged EUR - 10.36 -0.01 -0.10 10.59 8.03 - LU1960223250 - -
I2 Hgd EUR - 10.69 0.02 0.19 10.87 8.25 - LU1791806000 - -
Class AI5 Hedged EUR - 10.33 -0.01 -0.10 10.56 8.01 - LU1960223334 - -
A6 Hgd HKD Monthly 51.70 0.08 0.15 53.62 40.67 - LU0784402520 - -
A2 Hgd PLN Accumulating 14.72 0.02 0.14 15.03 11.38 - LU0849758007 - -
X4 Hgd EUR Annual 9.15 0.01 0.11 9.43 7.05 - LU0984200880 - -
A8 Hgd ZAR Monthly 88.77 0.15 0.17 93.35 70.34 - LU1023055319 - -
I2 Hgd CAD Accumulating 13.00 0.02 0.15 13.17 10.00 - LU1153585705 - -
A2 USD Accumulating 27.21 0.04 0.15 27.32 20.86 - LU0171284937 - -
A3 Hgd EUR Monthly 5.06 0.01 0.20 5.27 3.98 - LU0172401704 - -
C1 USD Daily 8.22 0.01 0.12 8.42 6.40 - LU0331284363 - -
A2 Hgd GBP Accumulating 18.90 0.03 0.16 19.34 14.63 - LU0567554463 - -
A3 USD Monthly 8.07 0.01 0.12 8.27 6.29 - LU0172401969 - -
E2 USD Accumulating 24.48 0.03 0.12 24.64 18.80 - LU0171285157 - -

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