Cash

BGF US Dollar Reserve Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 0.2 0.2 -0.1 -0.3 0.0 0.3 -0.1 -0.2 1.0 4.4
Comparator Benchmark 1 (%) 0.0 0.0 0.3 0.9 1.8 2.1 0.3 0.0 1.6 5.0

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
4.88 2.28 1.35 0.69 0.61
Comparator Benchmark 1 (%) 5.24 2.77 1.97 1.37 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.62 0.43 1.18 2.48 4.88 6.99 6.93 7.08 7.25
Comparator Benchmark 1 (%) 1.74 0.43 1.30 2.62 5.24 8.56 10.27 14.54 -
  From
31.Mar.2019
To
31.Mar.2020
From
31.Mar.2020
To
31.Mar.2021
From
31.Mar.2021
To
31.Mar.2022
From
31.Mar.2022
To
31.Mar.2023
From
31.Mar.2023
To
31.Mar.2024
Total Return (%)

as of 31-Mar-2024

0.19 -0.18 -0.20 1.91 4.73
Comparator Benchmark 1 (%)

as of 31-Mar-2024

1.79 -0.01 0.02 2.73 5.20

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in GBP, 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

Key Facts

Key Facts

Net Assets of Fund as of 17-May-2024 USD 576’251’167.98
Share Class launch date 25-Oct-2012
Fund Launch Date 30-Nov-1993
Share Class Currency GBP
Base Currency USD
Asset Class Cash
Comparator Benchmark 1 Secured Overnight Financing Rate (SOFR)
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.34%
ISIN LU0329591720
Annual Management Fee 0.23%
Performance Fee 0.00%
Minimum Initial Investment GBP 100’000.00
Minimum Subsequent Investment GBP 1’000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Money Market - Other
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker MIGHGD2
SEDOL B8362M6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30-Apr-2024 121
Weighted Average Maturity as of 17-May-2024 32 days
Weighted Average Life as of 17-May-2024 48 days
3y Beta as of 30-Apr-2024 0.95
1-Day Yield as of 17-May-2024 -0.02%

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager considers ESG information in the research, security selection and portfolio review stages of the investment process. The Fund manager conducts bi-weekly credit meetings, wherein each credit is examined through an internal relative value analysis, which contains qualitative governance considerations combined with environmental, societal and governance metrics derived from third-party data providers, where available. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, where appropriate.

 

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Portfolio Managers

Portfolio Managers

Edward Ingold CFA
Edward Ingold CFA

Holdings

Holdings

Name Type Market Value Weight (%) Nominal Local Market Value ISIN Maturity Maturity/Reset
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Apr-2024

% of Market Value

Type Fund Benchmark Net
as of 17-May-2024

% of Market Value

Type Fund
as of 17-May-2024

% of Market Value

Type Fund
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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 Hedged GBP 203.87 0.03 0.01 17-May-2024 203.87 194.35 LU0329591720
Class A2 USD 171.21 0.02 0.01 17-May-2024 171.21 163.01 LU0006061419
Class X2 USD 11.72 0.00 0.01 17-May-2024 11.72 11.11 LU0462857789
Class E2 Hedged GBP 189.66 0.02 0.01 17-May-2024 189.66 181.62 LU0297947409
Class C2 USD 170.43 0.02 0.01 17-May-2024 170.43 162.27 LU0331287036
Class E2 USD 161.71 0.02 0.01 17-May-2024 161.71 154.35 LU0090845503
Class A2 Hedged GBP 201.44 0.02 0.01 17-May-2024 201.44 192.42 LU0297945965

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 1 years
Example Investment GBP 10’000
Scenario
If you exit after 1 year

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
9’960 GBP
-0.4%

Unfavourable

What you might get back after costs
Average return each year
9’970 GBP
-0.3%

Moderate

What you might get back after costs
Average return each year
10’010 GBP
0.1%

Favourable

What you might get back after costs
Average return each year
10’490 GBP
4.9%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature