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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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of May 28, 2020 USD 1,271.047
Base Currency U.S. Dollar
Fund Inception Date Dec 22, 1998
Share Class Inception Date Mar 24, 2006
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 LU0147394752
Bloomberg Ticker BGHYX2H
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 7354937
Bloomberg Benchmark Ticker ML_GHYUSDH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Apr 30, 2020 8.83
5y Volatility - Benchmark as of Apr 30, 2020 7.90
5y Beta as of Apr 30, 2020 0.944

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global High Yield Bond Fund, Class X2 Hedged, as of Apr 30, 2020 rated against 472 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 Apr 30, 2020
Name Weight (%)
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.51
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 0.50
VERSCEND ESCROW CORP 144A 9.75 08/15/2026 0.50
PETROBRAS GLOBAL FINANCE BV 144A 5.093 01/15/2030 0.49
ORACLE CORPORATION 3.85 04/01/2060 0.46
Name Weight (%)
ALTICE FINANCING SA 144A 7.5 05/15/2026 0.46
ORACLE CORPORATION 3.6 04/01/2050 0.45
SBA COMMUNICATIONS CORP 4.875 09/01/2024 0.43
ALLIED UNIVERSAL HOLDCO LLC 144A 6.625 07/15/2026 0.42
TEVA PHARMACEUTICAL FINANCE NETHER 2.8 07/21/2023 0.42
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2020

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Apr 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
X2 Hgd EUR Accumulating 19.92 0.06 0.30 21.40 16.25 - LU0147394752 - -
A1 EUR Daily 4.87 0.01 0.21 5.32 4.02 - LU0118259661 - -
D2 Hgd EUR Accumulating 17.44 0.05 0.29 18.77 14.24 - LU0368267034 - -
D3 Hgd EUR Monthly 4.86 0.01 0.21 5.30 4.01 - LU0827882472 - -
A2 Hgd EUR Accumulating 16.34 0.04 0.25 17.63 13.37 - LU0093504206 - -
C1 Hgd EUR Daily 4.99 0.02 0.40 5.44 4.11 - LU0147394323 - -
D2 USD Accumulating 27.47 0.08 0.29 29.20 22.31 - LU0297941899 - -
D5 Hgd GBP Quarterly 8.50 0.03 0.35 9.33 6.96 - LU1072327023 - -
A5 EUR Quarterly 10.75 -0.02 -0.19 11.85 8.95 - LU1125545993 - -
A1 USD Daily 7.62 0.02 0.26 8.21 6.24 - LU0171284770 - -
Class E5 Hedged EUR Quarterly 9.62 0.03 0.31 10.51 7.88 - LU0500207039 - -
C2 Hgd EUR Accumulating 12.83 0.04 0.31 13.88 10.51 - LU0147394596 - -
I3 USD Monthly 10.00 0.03 0.30 10.77 8.19 - LU0764819032 - -
E2 EUR Accumulating 20.93 -0.03 -0.14 22.82 17.43 - LU0628613712 - -
E2 Hgd EUR Accumulating 14.72 0.05 0.34 15.89 12.05 - LU0093505864 - -
C2 USD Accumulating 21.92 0.06 0.27 23.43 17.86 - LU0331284447 - -
A6 Hgd SGD Monthly 9.20 0.03 0.33 10.07 7.59 - LU1830001522 - -
A8 Hgd CNH Monthly 99.34 0.33 0.33 107.45 81.45 - LU1919856135 - -
D2 Hgd GBP Accumulating 18.92 0.06 0.32 20.46 15.48 - LU0372548783 - -
D3 USD Monthly 7.73 0.03 0.39 8.32 6.33 - LU0827882126 - -
Class AI5 Hedged EUR - 9.79 0.03 0.31 10.56 8.01 - LU1960223334 - -
A2 Hgd SEK Accumulating 12.95 0.04 0.31 13.95 10.56 - LU0797429023 - -
A6 USD Monthly 6.56 0.02 0.31 7.11 5.40 - LU0764618640 - -
I2 USD Accumulating 27.69 0.08 0.29 29.43 22.48 - LU0369584726 - -
I2 Hgd EUR - 10.10 0.03 0.30 10.87 8.25 - LU1791806000 - -
A8 Hgd AUD Monthly 6.29 0.02 0.32 6.92 5.19 - LU0871640040 - -
Class AI2 Hedged EUR - 9.82 0.03 0.31 10.59 8.03 - LU1960223250 - -
A6 Hgd HKD Monthly 49.50 0.16 0.32 53.62 40.67 - LU0784402520 - -
A8 Hgd ZAR Monthly 85.33 0.30 0.35 93.35 70.34 - LU1023055319 - -
E2 USD Accumulating 23.10 0.07 0.30 24.64 18.80 - LU0171285157 - -
X2 USD Accumulating 10.91 0.04 0.37 11.58 8.85 - LU0580566189 - -
A2 USD Accumulating 25.66 0.08 0.31 27.32 20.86 - LU0171284937 - -
A2 Hgd PLN Accumulating 13.90 0.04 0.29 15.03 11.38 - LU0849758007 - -
I2 Hgd CAD Accumulating 12.26 0.03 0.25 13.17 10.00 - LU1153585705 - -
C1 USD Daily 7.81 0.02 0.26 8.42 6.40 - LU0331284363 - -
A3 Hgd EUR Monthly 4.83 0.01 0.21 5.27 3.98 - LU0172401704 - -
A2 Hgd GBP Accumulating 17.85 0.05 0.28 19.34 14.63 - LU0567554463 - -
X4 Hgd EUR Annual 8.64 0.02 0.23 9.43 7.05 - LU0984200880 - -
A3 USD Monthly 7.68 0.02 0.26 8.27 6.29 - 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