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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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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Dec 11, 2019 USD 1,233.195
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
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 LU0827882126
Bloomberg Ticker BGHYD3U
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B82RRZ8
Bloomberg Benchmark Ticker MLGHYCUSH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Nov 30, 2019 3.72
5y Volatility - Benchmark as of Nov 30, 2019 5.02
5y Beta as of Nov 30, 2019 1.008

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global High Yield Bond Fund, Class D3, as of Nov 30, 2019 rated against 528 Global High Yield Bond 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 Nov 29, 2019
Name Weight (%)
PETROBRAS GLOBAL FINANCE BV 144A 5.093 01/15/2030 0.69
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 0.65
ALLY FINANCIAL INC 8 11/01/2031 0.53
SBA COMMUNICATIONS CORP 4.875 09/01/2024 0.48
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.44
Name Weight (%)
ALTICE FINANCING SA 144A 7.5 05/15/2026 0.44
SOLERA LLC / SOLERA FINANCE INC 144A 10.5 03/01/2024 0.43
BWAY HOLDING CO RegS 4.75 04/15/2024 0.42
CLEAR CHANNEL OUTDOOR HOLDINGS INC 144A 5.125 08/15/2027 0.42
GMAC CAPITAL TRUST I 0.41
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% 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 USD Monthly 8.18 0.04 0.49 8.18 7.52 - LU0827882126 - -
Class E5 Hedged EUR Quarterly 10.42 0.04 0.39 10.43 9.78 - LU0500207039 - -
D2 USD Accumulating 28.48 0.12 0.42 28.48 24.93 - LU0297941899 - -
A6 Hgd SGD Monthly 9.93 0.04 0.40 9.95 9.34 - LU1830001522 - -
D2 Hgd GBP Accumulating 20.00 0.08 0.40 20.00 17.83 - LU0372548783 - -
C2 Hgd EUR Accumulating 13.66 0.06 0.44 13.66 12.53 - LU0147394596 - -
E2 Hgd EUR Accumulating 15.62 0.06 0.39 15.62 14.22 - LU0093505864 - -
A5 EUR Quarterly 11.39 0.03 0.26 11.41 10.06 - LU1125545993 - -
E2 EUR Accumulating 21.71 0.06 0.28 21.73 18.63 - LU0628613712 - -
D5 Hgd GBP Quarterly 9.24 0.04 0.43 9.24 8.56 - LU1072327023 - -
X2 Hgd EUR Accumulating 20.95 0.08 0.38 20.95 18.73 - LU0147394752 - -
C2 USD Accumulating 22.93 0.09 0.39 22.93 20.45 - LU0331284447 - -
D2 Hgd EUR Accumulating 18.40 0.07 0.38 18.40 16.57 - LU0368267034 - -
X2 USD Accumulating 11.27 0.04 0.36 11.27 9.80 - LU0580566189 - -
A2 Hgd EUR Accumulating 17.30 0.07 0.41 17.30 15.68 - LU0093504206 - -
A1 USD Daily 8.08 0.03 0.37 8.08 7.43 - LU0171284770 - -
A2 Hgd PLN Accumulating 14.68 0.05 0.34 14.68 13.05 - LU0849758007 - -
A1 EUR Daily 5.26 0.02 0.38 5.26 4.98 - LU0118259661 - -
A8 Hgd CNH - 105.76 0.38 0.36 105.76 98.71 - LU1919856135 - -
C1 Hgd EUR Daily 5.38 0.02 0.37 5.38 5.09 - LU0147394323 - -
D3 Hgd EUR Monthly 5.24 0.02 0.38 5.25 4.95 - LU0827882472 - -
A2 Hgd SEK Accumulating 13.69 0.05 0.37 13.69 12.39 - LU0797429023 - -
A6 Hgd HKD Monthly 52.84 0.19 0.36 52.89 49.70 - LU0784402520 - -
A8 Hgd ZAR Monthly 91.62 0.34 0.37 91.62 84.88 - LU1023055319 - -
A8 Hgd AUD Monthly 6.83 0.03 0.44 6.84 6.42 - LU0871640040 - -
I2 Hgd CAD Accumulating 12.85 0.05 0.39 12.85 11.32 - LU1153585705 - -
I2 Hgd EUR - 10.65 0.04 0.38 10.65 9.57 - LU1791806000 - -
A3 Hgd EUR Monthly 5.21 0.02 0.39 5.22 4.93 - LU0172401704 - -
A6 USD Monthly 7.01 0.02 0.29 7.02 6.56 - LU0764618640 - -
Class AI2 Hedged EUR - 10.40 0.04 0.39 10.40 9.95 - LU1960223250 - -
I3 USD Monthly 10.59 0.05 0.47 10.59 9.74 - LU0764819032 - -
Class AI5 Hedged EUR - 10.37 0.04 0.39 10.37 10.08 - LU1960223334 - -
A2 Hgd GBP Accumulating 18.93 0.07 0.37 18.93 16.99 - LU0567554463 - -
C1 USD Daily 8.28 0.03 0.36 8.28 7.62 - LU0331284363 - -
I2 USD Accumulating 28.68 0.11 0.39 28.68 25.07 - LU0369584726 - -
A2 USD Accumulating 26.68 0.11 0.41 26.68 23.51 - LU0171284937 - -
E2 USD Accumulating 24.08 0.09 0.38 24.08 21.32 - LU0171285157 - -
A3 USD Monthly 8.13 0.03 0.37 8.13 7.48 - LU0172401969 - -
X4 Hgd EUR Annual 9.09 0.04 0.44 9.43 8.62 - LU0984200880 - -

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