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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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Jul 14, 2020 USD 1,446.649
Base Currency U.S. Dollar
Fund Inception Date Dec 22, 1998
Share Class Inception Date Sep 27, 2012
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 LU0827882472
Bloomberg Ticker BGHD3EH
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B8199L5
Bloomberg Benchmark Ticker MLGHYCUSH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Jun 30, 2020 9.20
5y Volatility - Benchmark as of Jun 30, 2020 8.09
5y Beta as of Jun 30, 2020 0.951

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global High Yield Bond Fund, Class D3 Hedged, as of Jun 30, 2020 rated against 475 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 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
D3 Hgd EUR Monthly 4.94 0.01 0.20 5.30 4.01 - LU0827882472 - -
E2 Hgd EUR Accumulating 15.04 0.03 0.20 15.89 12.05 - LU0093505864 - -
E2 EUR Accumulating 20.78 -0.02 -0.10 22.82 17.43 - LU0628613712 - -
A2 Hgd EUR Accumulating 16.71 0.03 0.18 17.63 13.37 - LU0093504206 - -
D5 Hgd GBP Quarterly 8.61 0.02 0.23 9.33 6.96 - LU1072327023 - -
C1 Hgd EUR Daily 5.07 0.01 0.20 5.44 4.11 - LU0147394323 - -
X2 USD Accumulating 11.20 0.02 0.18 11.58 8.85 - LU0580566189 - -
Class E5 Hedged EUR Quarterly 9.75 0.02 0.21 10.51 7.88 - LU0500207039 - -
A6 Hgd SGD Monthly 9.32 0.02 0.22 10.07 7.59 - LU1830001522 - -
D3 USD Monthly 7.87 0.02 0.25 8.32 6.33 - LU0827882126 - -
D2 Hgd EUR Accumulating 17.85 0.04 0.22 18.77 14.24 - LU0368267034 - -
A8 Hgd CNH Monthly 100.90 0.23 0.23 107.45 81.45 - LU1919856135 - -
C2 USD Accumulating 22.44 0.05 0.22 23.43 17.86 - LU0331284447 - -
X2 Hgd EUR Accumulating 20.41 0.04 0.20 21.40 16.25 - LU0147394752 - -
A5 EUR Quarterly 10.57 -0.01 -0.09 11.85 8.95 - LU1125545993 - -
A1 USD Daily 7.77 0.01 0.13 8.21 6.24 - LU0171284770 - -
A1 EUR Daily 4.96 0.01 0.20 5.32 4.02 - LU0118259661 - -
C2 Hgd EUR Accumulating 13.10 0.03 0.23 13.88 10.51 - LU0147394596 - -
D2 USD Accumulating 28.19 0.06 0.21 29.20 22.31 - LU0297941899 - -
D2 Hgd GBP Accumulating 19.39 0.04 0.21 20.46 15.48 - LU0372548783 - -
A2 Hgd PLN Accumulating 14.24 0.03 0.21 15.03 11.38 - LU0849758007 - -
A8 Hgd AUD Monthly 6.38 0.01 0.16 6.92 5.19 - LU0871640040 - -
Class AI2 Hedged EUR - 10.04 0.02 0.20 10.59 8.03 - LU1960223250 - -
I2 USD Accumulating 28.42 0.06 0.21 29.43 22.48 - LU0369584726 - -
A2 Hgd SEK Accumulating 13.25 0.03 0.23 13.95 10.56 - LU0797429023 - -
A6 Hgd HKD Monthly 50.22 0.11 0.22 53.62 40.67 - LU0784402520 - -
I3 USD Monthly 10.18 0.02 0.20 10.77 8.19 - LU0764819032 - -
A8 Hgd ZAR Monthly 86.27 0.20 0.23 93.35 70.34 - LU1023055319 - -
A6 USD Monthly 6.66 0.02 0.30 7.11 5.40 - LU0764618640 - -
I2 Hgd EUR - 10.34 0.02 0.19 10.87 8.25 - LU1791806000 - -
Class AI5 Hedged EUR - 10.01 0.02 0.20 10.56 8.01 - LU1960223334 - -
A2 USD Accumulating 26.30 0.05 0.19 27.32 20.86 - LU0171284937 - -
I2 Hgd CAD Accumulating 12.56 0.02 0.16 13.17 10.00 - LU1153585705 - -
A3 Hgd EUR Monthly 4.91 0.01 0.20 5.27 3.98 - LU0172401704 - -
E2 USD Accumulating 23.67 0.05 0.21 24.64 18.80 - LU0171285157 - -
X4 Hgd EUR Annual 8.85 0.02 0.23 9.43 7.05 - LU0984200880 - -
A2 Hgd GBP Accumulating 18.28 0.04 0.22 19.34 14.63 - LU0567554463 - -
C1 USD Daily 7.97 0.02 0.25 8.42 6.40 - LU0331284363 - -
A3 USD Monthly 7.82 0.01 0.13 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