Fixed Income

BGF Global Government 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

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of Sep 30, 2020

6.68 -0.50 -0.99 11.35 4.75
Benchmark (%)

as of Sep 30, 2020

6.76 -1.39 0.95 11.76 4.31
  1Y 3Y 5Y 10y Incept.
4.75 4.92 4.16 - 4.00
Benchmark (%)

as of Sep 30, 2020

4.31 5.58 4.38 - 4.09
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
6.12 0.85 1.51 4.75 15.48 22.58 - 36.58
Benchmark (%)

as of Sep 30, 2020

5.83 0.75 0.72 4.31 17.69 23.91 - 37.57
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.

Key Facts

Key Facts

Size of Fund (Millions) as of Oct 28, 2020 USD 852.552
12m Trailing Yield as of Sep 30, 2020 0.81
Number of Holdings as of Sep 30, 2020 848
Base Currency U.S. Dollar
Fund Inception Date May 14, 1987
Share Class Inception Date Oct 18, 2012
Asset Class Fixed Income
Morningstar Category Global Bond - USD Hedged
Benchmark Index FTSE WGBI Index 100% Hedged in USD
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.65%
ISIN LU0827882043
Bloomberg Ticker BGGBD3U
Annual Management Fee 0.40%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B7Z26K1
Bloomberg Benchmark Ticker SBWGC
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

Yield to Worst as of Sep 30, 2020 1.23%
Modified Duration as of Sep 30, 2020 9.34 yrs
Effective Duration as of Sep 30, 2020 9.03 yrs
Weighted Avg Maturity as of Sep 30, 2020 9.71 yrs
3y Volatility - Benchmark as of Sep 30, 2020 3.19
3y Beta as of Sep 30, 2020 0.942
5y Volatility - Benchmark as of Sep 30, 2020 3.18
5y Beta as of Sep 30, 2020 0.920
WAL to Worst as of Sep 30, 2020 9.71 yrs

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for BGF Global Government Bond Fund, Class D3, as of Sep 30, 2020 rated against 282 Global Bond - USD Hedged Funds.

Risk Indicator

Risk Indicator

1
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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Sep 30, 2020
Name Weight (%)
TREASURY (CPI) NOTE 0.625 04/15/2023 3.89
TREASURY NOTE 0.25 06/30/2025 1.89
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 1.80
TREASURY NOTE 0.125 07/31/2022 1.42
JAPAN (GOVERNMENT OF) 5YR #132 0.1 06/20/2022 1.14
Name Weight (%)
FRANCE (REPUBLIC OF) 0 02/25/2022 1.10
JAPAN (GOVERNMENT OF) 5YR #137 0.1 09/20/2023 1.03
JAPAN (GOVERNMENT OF) 30YR #65 0.4 12/20/2049 1.03
UMBS 30YR TBA(REG A) 1.02
SPAIN (KINGDOM OF) 0.5 04/30/2030 1.01
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 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 USD Monthly 23.05 0.01 0.04 23.11 21.49 - LU0827882043 - -
X2 Hgd EUR Accumulating 11.83 0.01 0.08 11.86 11.03 - LU1083813532 - -
X2 Hgd SEK Accumulating 108.53 0.06 0.06 108.79 100.91 - LU1495984053 - -
D3 Hgd EUR Monthly 19.56 0.01 0.05 19.63 18.36 - LU0827881821 - -
C2 USD Accumulating 24.81 0.01 0.04 24.89 23.26 - LU0147382310 - -
E2 USD Accumulating 29.50 0.01 0.03 29.58 27.53 - LU0090845412 - -
E2 Hgd EUR Accumulating 24.75 0.01 0.04 24.90 23.29 - LU0297944059 - -
C2 Hgd EUR Accumulating 20.94 0.01 0.05 21.16 19.79 - LU0297943838 - -
A3 Hgd HKD Monthly 108.32 0.06 0.06 108.60 100.96 - LU1484781478 - -
A1 USD Daily 22.98 0.01 0.04 23.05 21.43 - LU0118256485 - -
A2 Hgd EUR Accumulating 27.58 0.01 0.04 27.66 25.87 - LU0297942863 - -
C1 USD Daily 21.23 0.01 0.05 21.29 19.90 - LU0331285410 - -
D2 Hgd EUR Accumulating 28.96 0.01 0.03 29.04 27.11 - LU0329591563 - -
X2 Hgd NOK - 114.34 0.06 0.05 114.62 106.11 - LU1806518707 - -
I2 USD Accumulating 11.99 0.01 0.08 12.02 11.12 - LU1567964413 - -
A2 USD Accumulating 32.75 0.02 0.06 32.83 30.47 - LU0006061385 - -
D2 USD Accumulating 33.96 0.01 0.03 34.05 31.53 - LU0540001038 - -
X2 USD Accumulating 12.01 0.00 0.00 12.04 11.12 - LU0462857607 - -
A3 USD Monthly 23.02 0.02 0.09 23.08 21.47 - LU0172412149 - -
A3 Hgd GBP Monthly 10.51 0.00 0.00 10.54 9.84 - LU1484781395 - -
I4 Hgd EUR - 10.65 0.01 0.09 10.76 10.06 - LU1811366183 - -
A3 Hgd EUR Monthly 19.51 0.01 0.05 19.61 18.34 - LU0297943168 - -
C1 Hgd EUR Daily 18.38 0.00 0.00 18.58 17.37 - LU0297940818 - -
C3 USD Monthly 22.28 0.01 0.04 22.34 20.88 - LU0172412495 - -
A1 Hgd EUR Daily 19.67 0.01 0.05 19.77 18.49 - LU0297940495 - -

Portfolio Managers

Portfolio Managers

Bob Miller
Managing Director, Head of Americas Fundamental Fixed Income

Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee.

Chi Chen
Chi Chen
Aidan Doyle (FI)
Aidan Doyle (FI)
Sam Summers
Sam Summers

Literature

Literature