Fixed Income

BGF US Dollar 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 Jun 4, 2020 USD 2,856.195
Base Currency U.S. Dollar
Fund Inception Date Oct 29, 1993
Share Class Inception Date Aug 29, 2012
Asset Class Fixed Income
Morningstar Category USD High Yield Bond
Benchmark Index BBG Barc US Corp High Yield 2% Issuer Capped Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0822668108
Bloomberg Ticker BGFUHI2
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B765HB7
Bloomberg Benchmark Ticker LF89TRUU
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of May 31, 2020 8.72
5y Volatility - Benchmark as of May 31, 2020 7.92
5y Beta as of May 31, 2020 0.933

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF US Dollar High Yield Bond Fund, Class I2, as of May 31, 2020 rated against 532 USD High Yield Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver 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 (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 4.62
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.70
ALLIED UNIVERSAL HOLDCO LLC 144A 6.625 07/15/2026 0.69
ALTICE FRANCE HOLDING SA 144A 10.5 05/15/2027 0.69
VERSCEND ESCROW CORP 144A 9.75 08/15/2026 0.63
Name Weight (%)
SOLERA LLC / SOLERA FINANCE INC 144A 10.5 03/01/2024 0.62
FINANCIAL & RISK US HOLDINGS INC 144A 6.25 05/15/2026 0.57
FRONTIER COMMUNICATIONS CORP 144A 0 04/01/2027 0.57
SS&C TECHNOLOGIES INC 144A 5.5 09/30/2027 0.54
BOOKING HOLDINGS INC 4.625 04/13/2030 0.54
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
I2 USD Accumulating 14.96 0.13 0.88 15.49 11.77 - LU0822668108 - -
C1 USD Daily 5.64 0.04 0.71 5.93 4.49 - LU0147389166 - -
E2 USD Accumulating 31.72 0.26 0.83 32.97 25.03 - LU0147389919 - -
I2 Hgd EUR Accumulating 11.30 0.09 0.80 11.85 8.96 - LU1111085798 - -
A3 Hgd GBP Monthly 9.25 0.07 0.76 9.90 7.44 - LU0580330818 - -
E2 EUR Accumulating 28.14 0.10 0.36 30.53 23.21 - LU0277197595 - -
A2 Hgd EUR Accumulating 206.74 1.64 0.80 217.29 164.13 - LU0330917963 - -
A2 Hgd SGD Accumulating 14.81 0.12 0.82 15.50 11.72 - LU0578945809 - -
A2 Hgd CHF Accumulating 10.61 0.08 0.76 11.14 8.42 - LU1090155554 - -
A3 Hgd AUD Monthly 10.86 0.09 0.84 11.63 8.71 - LU0578942376 - -
A3 Hgd NZD Monthly 10.62 0.09 0.85 11.39 8.55 - LU0803752046 - -
A2 USD Accumulating 34.70 0.29 0.84 36.01 27.35 - LU0046676465 - -
D2 Hgd AUD Accumulating 17.96 0.15 0.84 18.90 14.22 - LU0827886895 - -
A8 Hgd CNH Monthly 100.05 0.84 0.85 106.04 79.95 - LU1919856218 - -
I4 Hgd GBP Annual 9.03 0.07 0.78 9.62 7.16 - LU1111085442 - -
A3 Hgd CAD Monthly 9.70 0.08 0.83 10.32 7.76 - LU0803751741 - -
C2 USD Accumulating 26.75 0.22 0.83 27.86 21.14 - LU0147389596 - -
D2 Hgd EUR Accumulating 219.64 1.74 0.80 230.40 174.13 - LU0532707519 - -
A1 USD Daily 5.63 0.04 0.72 5.92 4.48 - LU0046675905 - -
A3 Hgd EUR Monthly 8.81 0.07 0.80 9.40 7.07 - LU0578943853 - -
A6 USD Monthly 4.84 0.04 0.83 5.14 3.88 - LU0738912566 - -
D4 Hgd GBP Annual 10.40 0.09 0.87 11.09 8.24 - LU0681219902 - -
A8 Hgd ZAR Monthly 86.23 0.73 0.85 92.60 69.42 - LU1023056127 - -
A3 Hgd SGD Monthly 9.42 0.08 0.86 10.01 7.54 - LU0578937376 - -
D2 USD Accumulating 36.86 0.31 0.85 38.18 29.02 - LU0552552704 - -
D2 Hgd CHF Accumulating 11.01 0.08 0.73 11.54 8.73 - LU1090156289 - -
I3 USD Monthly 9.17 0.07 0.77 9.67 7.32 - LU0764821012 - -
X6 USD Monthly 10.47 0.09 0.87 11.07 8.37 - LU1376384019 - -
D3 Hgd SGD Monthly 9.45 0.07 0.75 10.05 7.57 - LU0827886978 - -
A3 USD Monthly 5.69 0.05 0.89 5.99 4.53 - LU0172419151 - -
D3 USD Monthly 9.75 0.09 0.93 10.27 7.77 - LU0592702061 - -
A8 Hgd AUD Monthly 8.74 0.07 0.81 9.40 7.04 - LU0871640396 - -
A4 GBP Annual 10.39 0.09 0.87 11.07 8.25 - LU0706698544 - -
A2 Hgd AUD Accumulating 17.08 0.14 0.83 18.01 13.54 - LU0578947334 - -
A6 Hgd SGD Monthly 8.88 0.07 0.79 9.51 7.15 - LU1314333441 - -
A6 Hgd HKD Monthly 36.16 0.31 0.86 38.42 28.98 - LU0764619531 - -
D2 Hgd SGD Accumulating 15.53 0.13 0.84 16.22 12.27 - LU0827887273 - -
X2 USD Accumulating 40.96 0.34 0.84 42.34 32.20 - LU0147390172 - -

Portfolio Managers

Portfolio Managers

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

 James E. Keenan

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

Literature

Literature