BGF Global Bond Income Fund

Fixed Income

BGF Global Bond Income Fund

  • NAV as of 23-Apr-2019 USD 10.31
  • 1 Day NAV Change as of 23-Apr-2019 0.00 (0.00%)

Overview

Investment Approach

The Fund aims to achieve an above average income on your investment without sacrificing long term capital growth, by seeking diversified income sources across a variety of fixed income securities. The Fund invests globally at least 70% of its total assets in fixed income securities. These include bonds and money market instruments (i.e. debt securities with short term maturities). In order to generate above average income, the Fund will seek diversified income sources across a variety of such fixed income transferable securities. The fixed income securities are denominated in various currencies and may be issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development), including those domiciled in, or the main business of which is in, emerging market countries.

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.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Asset backed securities and mortgage backed securities are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Derivatives are 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

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Performance

Performance

  • Returns

Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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

Share Class and Benchmark performance displayed in USD, hedged fund 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

Reinvestments

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Size of Fund (Millions) as of 23-Apr-2019 USD 81.53
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 29-Mar-2019 326
Base Currency USD
Fund Launch Date 16-Jul-2018
Share Class launch date 16-Jul-2018
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - USD Hedged
Benchmark Index Placeholder for prolonged perf holidays (No Benchmark applicable)
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 1.24%
ISIN LU1842103399
Bloomberg Ticker BGFBIA2
Initial Charge 5.00%
Performance Fee -
SEDOL BFWGQM4
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Weighted Avg YTM Yield to Maturity (YTM) is the discount rate that equates the present value of a bond's cash flows with its market price (including accrued interest). The Fund Average YTM is the weighted average of the fund's individual bond holding YTMs based upon Net Asset Value ('NAV'). The measure does not include fees and expenses. as of 29-Mar-2019 4.51%
Modified Duration Modified Duration is a measure of price sensitivity of a bond to changes in interest rates. It inversely indicates the expected change in the price of a bond, assuming a 1% change in interest rates. The Modified Duration of iShares ETFs is calculated as the average of the underlying bonds' modified duration values, weighted by the bond's weight in the fund. as of 29-Mar-2019 3.29
Effective Duration Effective Duration is a measure of the potential impact on a bond or portfolio price of a 1% change in interest rates across all maturities. It takes into account the possible changes in expected bond cash flows for bonds with embedded optionality (for example the bond issuer's right to redeem bonds at a pre-determined price on certain dates) due to the 1% change in rates. as of 29-Mar-2019 2.25 Jahre
Weighted Avg Maturity Bond's maturity is the length of time until the date when the principal amount of a bond is to be repaid. Weighted Avg. Maturity, WAM, is used to calculate the maturity of a basket of bonds (fund) and is calculated as the average of the underlying bonds' maturities weighted by the bonds' weight in the fund. as of 29-Mar-2019 4.84 Jahre
WAL to Worst The weighted average time to receipt of principal, adjusting for embedding optionality. as of 29-Mar-2019 4.84 Jahre
Option Adjusted Spread Mainly used for fixed-income products, OAS measures the yield spread that is not directly attributable to the security's characteristics. This is a measurement tool for evaluating price differences between similar products with different embedded options. A larger OAS implies a greater return for greater risks. as of 29-Mar-2019 225.76
Average Credit Rating Using Bloomberg Barclays Index Method. as of 29-Mar-2019 BBB
Spread Duration A measure of the percentage change in a bond's price for a 100 basis point change in its option adjusted spread. Often used to quantify the sensitivity of a portfolio to changes in spreads. The spread duration of a portfolio is the market weighted average of the spread duration of all of its securities. as of 29-Mar-2019 3.46

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Amer Bisat
Amer Bisat
Andreas Doerrenhaus
Andreas Doerrenhaus
Robert Wuertz
Robert Wuertz

Holdings

Holdings

as of 29-Mar-2019
Name Weight (%)
TREASURY NOTE 1.5 11/30/2019 5.12
TREASURY NOTE 1.625 12/31/2019 4.31
TREASURY NOTE 1.625 08/31/2019 4.20
FNMA 15YR 3.5% MLB 110K 2016 3.45
TREASURY (CPI) NOTE 0.625 04/15/2023 1.79
Name Weight (%)
VOYA_15-2A AR 144A 1.26
CIFC_13-2A A1LR 144A 1.26
OAKCL_14-2A A1AR 144A 1.11
SUDSM_13-1A A1R 144A 0.93
COLOMBIA (REPUBLIC OF) 8.125 05/21/2024 0.85
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Mar-2019

% of Market Value

Type Fund
as of 29-Mar-2019

% of Market Value

Type Fund
as of 29-Mar-2019

% of Market Value

Type Fund
as of 29-Mar-2019

% of Market Value

Type Fund
as of 29-Mar-2019

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A2 USD None 10.31 0.00 0.00 10.31 9.90 - LU1842103399 - -
Class I2 USD - 10.36 0.00 0.00 10.36 9.93 - LU1864663734 - -
Class A6 USD Monthly 10.08 0.01 0.10 10.08 9.81 - LU1842103472 - -
Class D2 CHF Hedged CHF None 10.08 0.00 0.00 10.08 9.77 - LU1842103712 - -
Class D2 USD USD None 10.34 0.00 0.00 10.34 9.92 - LU1842103555 - -
Class D2 EUR None 9.22 0.03 0.33 9.22 8.47 - LU1864663650 - -
Class I2 EUR - 9.21 0.05 0.55 10.00 8.48 - LU1864663817 - -
Class E2 EUR Hedged EUR - - - - - - - LU1842103985 - -
Class E5 Hedged EUR - 9.91 0.00 0.00 10.00 9.70 - LU1864663577 - -
Class D2 GBP Hedged GBP None 10.19 0.00 0.00 10.19 9.84 - LU1842103803 - -
Class D2 EUR Hedged EUR None 10.11 0.01 0.10 10.11 9.79 - LU1842103639 - -
Class I2 Hedged EUR - 10.16 0.00 0.00 10.16 9.83 - LU1864663908 - -

Literature

Literature