Fixed Income

BGF US Dollar Short Duration Bond 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.

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

Distributions

Ex-Date Total Distribution
View full table
This chart has been left intentionally blank 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 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 CNH, 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 15.Jul2024
USD 1.586.518.322
Fund Launch Date
31.Oct2002
Fund Base Currency
USD
Constraint Benchmark 1
ICE BofA Government Corporate 1-3 Yr Index (B1A0) (USD)
Initial Charge
5,00%
ISIN
LU2641782409
Performance Fee
0,00%
Minimum Subsequent Investment
RMB 1.000,00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BUSDURA
Share Class launch date
26.Jul2023
Share Class Currency
CNH
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0,92%
Annual Management Fee
0,75%
Minimum Initial Investment
RMB 5.000,00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BPLLLH0

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28.Jun2024
801
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 28.Jun2024
5,33%
Weighted Average YTM
as of 28.Jun2024
5,30%
Weighted Avg Maturity
as of 28.Jun2024
2,76
12 Month Trailing Dividend Distribution Yield
as of 30.Jun2024
-
3y Beta
as of -
-
Modified Duration
as of 28.Jun2024
1,84
Effective Duration
as of 28.Jun2024
1,78
WAL to Worst
as of 28.Jun2024
2,76

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.

The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of 21.Jun2024
A
MSCI ESG Quality Score (0-10)
as of 21.Jun2024
6,11
Fund Lipper Global Classification
as of 21.Jun2024
Bond USD Short Term
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21.Jun2024
142,35
MSCI ESG % Coverage
as of 21.Jun2024
70,83
MSCI ESG Quality Score - Peer Percentile
as of 21.Jun2024
17,41
Funds in Peer Group
as of 21.Jun2024
201
MSCI Weighted Average Carbon Intensity % Coverage
as of 21.Jun2024
33,82
All data is from MSCI ESG Fund Ratings as of 21.Jun2024, based on holdings as of 31.Jan2024. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

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.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’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.

MSCI - Controversial Weapons
as of 28.Jun2024
0,20%
MSCI - Nuclear Weapons
as of 28.Jun2024
0,20%
MSCI - Civilian Firearms
as of 28.Jun2024
0,00%
MSCI - Tobacco
as of 28.Jun2024
1,02%
MSCI - UN Global Compact Violators
as of 28.Jun2024
0,00%
MSCI - Thermal Coal
as of 28.Jun2024
0,29%
MSCI - Oil Sands
as of 28.Jun2024
0,00%

Business Involvement Coverage
as of 28.Jun2024
30,36%
Percentage of Fund not covered
as of 28.Jun2024
69,67%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0,39% and for Oil Sands 0,00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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 includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Risk Labeling

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 28.Jun2024
Name Weight (%)
TREASURY NOTE 3.75 04/15/2026 3,83
TREASURY NOTE 4.5 04/15/2027 3,63
TREASURY NOTE 4.5 07/15/2026 3,28
TREASURY NOTE 4.625 10/15/2026 3,02
TREASURY NOTE 4.625 09/15/2026 2,98
Name Weight (%)
TREASURY NOTE 4.5 05/15/2027 2,95
TREASURY NOTE 4.25 03/15/2027 2,65
TREASURY NOTE 4.125 02/15/2027 2,64
TREASURY NOTE 4 01/15/2027 2,60
TREASURY NOTE 4.375 12/15/2026 2,26
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Jun2024

% of Market Value

Type Fund Benchmark Net
¹Allocations are subject to change. Source: BlackRock
as of 28.Jun2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun2024

% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A3 Hedged CNH 99,57 0,06 0,06 15.Jul2024 100,92 98,74 LU2641782409
Class A2 EUR 13,20 -0,01 -0,08 15.Jul2024 13,40 13,08 LU2812466584
Class A2 Hedged EUR 9,65 0,01 0,10 15.Jul2024 9,65 9,24 LU0839485744
Class D3 USD 9,30 0,01 0,11 15.Jul2024 9,30 9,05 LU0592702228
Class A10 USD 10,03 0,01 0,10 15.Jul2024 10,14 9,92 LU2708803478
Class A10 Hedged CNH 99,89 0,07 0,07 15.Jul2024 101,29 99,18 LU2708803551
Class I2 Hedged EUR 9,84 0,01 0,10 15.Jul2024 9,84 9,38 LU1423762613
Class A10 Hedged SGD 10,04 0,01 0,10 15.Jul2024 10,16 9,94 LU2667125459
Class A3 Hedged SGD 8,84 0,01 0,11 15.Jul2024 8,92 8,72 LU1062843773
Class A2 USD 14,41 0,02 0,14 15.Jul2024 14,41 13,63 LU0154237225
Class I5 USD USD 9,66 0,01 0,10 15.Jul2024 9,69 9,40 LU1883300532
Class D2 Hedged EUR 9,75 0,01 0,10 15.Jul2024 9,75 9,31 LU1423762027
Class A3 EUR 7,42 0,00 0,00 15.Jul2024 7,55 7,10 LU0172420597
Class A2 Hedged SGD 10,14 0,02 0,20 15.Jul2024 10,14 9,96 LU2776001294
Class A3 USD 8,10 0,01 0,12 15.Jul2024 8,10 7,88 LU0172419748
Class I2 USD 11,47 0,01 0,09 15.Jul2024 11,47 10,81 LU1479925726
Class A3G USD 10,06 0,01 0,10 15.Jul2024 10,11 9,86 LU2621334783
Class A1 USD 8,09 0,01 0,12 15.Jul2024 8,09 7,87 LU0155445546
Class X2 USD 16,78 0,02 0,12 15.Jul2024 16,78 15,76 LU0245444947
Class D2 USD 15,01 0,02 0,13 15.Jul2024 15,01 14,15 LU0827887356

Portfolio Managers

Portfolio Managers

Akiva Dickstein
Akiva Dickstein
Scott MacLellan, CFA, CMT
Scott MacLellan, CFA, CMT
Amanda Liu, CFA
Amanda Liu, CFA
Sam Summers
Director, Portfolio Manager

   

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 : 3 years
Example Investment CNH 78.000
Scenario
If you exit after 1 year
If you exit after 3 years

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
69.610 CNH
-10,8%
68.740 CNH
-4,1%

Unfavourable

What you might get back after costs
Average return each year
69.610 CNH
-10,8%
70.120 CNH
-3,5%

Moderate

What you might get back after costs
Average return each year
74.100 CNH
-5,0%
74.220 CNH
-1,6%

Favourable

What you might get back after costs
Average return each year
76.990 CNH
-1,3%
78.960 CNH
0,4%

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



Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.