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.

Please note the Fund-specific risks under the relevant section in Disclaimer.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Chart

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 11-Aug-2020 USD 1,018.82
Base Currency USD
Fund Launch Date 14-May-1987
Share Class launch date 02-Oct-2000
Asset Class Fixed Income
Morningstar Category Global Bond - EUR Hedged
Benchmark Index FTSE World Government Bond USD Hedged Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0297940495
Bloomberg Ticker MISGSHE
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B1YLK27
Bloomberg Benchmark Ticker SBWGC
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a Fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 09-Jul-2020 5.79
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 09-Jul-2020 Bond USD Government
All data is from MSCI ESG Fund Ratings as of 09-Jul-2020, based on holdings as of 31-Jan-2020. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a Fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics using links below.

 

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research to provide a summed up view across holdings and translates it to a Fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global Government Bond Fund, Class A1 Hedged, as of 31-Jul-2020 rated against 408 Global Bond - EUR Hedged Funds.

Portfolio Managers

Portfolio Managers

Bob Miller
Bob Miller
Aidan Doyle (FI)
Aidan Doyle (FI)

Holdings

Holdings

as of 31-Jul-2020
Name Weight (%)
TREASURY NOTE 0.125 06/30/2022 7.09
TREASURY NOTE 0.125 05/31/2022 2.59
TREASURY NOTE 0.25 06/30/2025 1.88
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 1.07
JAPAN (GOVERNMENT OF) 5YR #132 0.1 06/20/2022 0.98
Name Weight (%)
FRANCE (REPUBLIC OF) 0 02/25/2022 0.96
JAPAN (GOVERNMENT OF) 30YR #54 0.8 03/20/2047 0.90
JAPAN (GOVERNMENT OF) 5YR #137 0.1 09/20/2023 0.90
SPAIN (KINGDOM OF) 0.5 04/30/2030 0.89
JAPAN (GOVERNMENT OF) 30YR #65 0.4 12/20/2049 0.84
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jul-2020

% of Market Value

Type Fund Benchmark Net
as of 31-Jul-2020

% of Market Value

Type Fund Benchmark Net
as of 31-Jul-2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Jul-2020

% of Market Value

Type Fund Benchmark Net
as of 31-Jul-2020

% of Market Value

Type Fund Benchmark Net
as of 31-Jul-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
Class A1 Hedged EUR Daily 19.65 -0.06 -0.30 19.77 18.49 - LU0297940495 - -
Class D3 USD Monthly 22.97 -0.08 -0.35 23.06 21.49 - LU0827882043 - -
Class A3 Hedged GBP Monthly 10.48 -0.04 -0.38 10.54 9.84 - LU1484781395 - -
Class D2 USD None 33.81 -0.11 -0.32 33.94 31.53 - LU0540001038 - -
Class D2 Hedged EUR None 28.88 -0.09 -0.31 28.99 27.11 - LU0329591563 - -
Class A2 USD None 32.62 -0.11 -0.34 32.75 30.47 - LU0006061385 - -
Class I4 Hedged EUR - 10.72 -0.04 -0.37 10.76 10.06 - LU1811366183 - -
Class E2 Hedged EUR None 24.73 -0.08 -0.32 24.90 23.29 - LU0297944059 - -
Class A2 Hedged EUR None 27.52 -0.09 -0.33 27.66 25.87 - LU0297942863 - -
Class A3 Hedged HKD Monthly 107.98 -0.37 -0.34 108.40 100.96 - LU1484781478 - -
Class D3 Hedged EUR Monthly 19.51 -0.06 -0.31 19.63 18.36 - LU0827881821 - -
Class A1 USD Daily 22.92 -0.08 -0.35 23.01 21.43 - LU0118256485 - -
Class E2 USD None 29.42 -0.10 -0.34 29.53 27.53 - LU0090845412 - -
Class A3 Hedged EUR Monthly 19.48 -0.07 -0.36 19.61 18.34 - LU0297943168 - -
Class A3 USD Monthly 22.94 -0.08 -0.35 23.03 21.47 - LU0172412149 - -

Literature

Literature