Fixed Income

BlackRock Global Inflation Linked Bond Fund

IMPORTANT:
• An increase in interest rates may adversely affect the value of the bonds held by the Fund. The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. The Fund invests in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default or other risks.
• The Fund is subject to currency risk, delayed delivery transactions risk, emerging market risk, foreign investments restrictions risk, securities lending counterparty risk and liquidity risk.
• The Fund may use derivatives for hedging, and extensively for investment purposes. Risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The Fund’s volatility may increase or decrease from its derivative usage, and may suffer losses.
• The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
• Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.

Overview

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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

Performance

Performance

Chart

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Distribution

 

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 8.10 -2.08 7.26 0.88 -2.62 2.99 3.92 3.43 -11.36 2.44
Benchmark (%) 9.04 -1.12 10.22 3.08 0.99 6.86 6.38 5.55 -8.51 5.68

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

  1y 3y 5y 10y Incept.
0.23 -2.59 -0.52 0.55 1.94
Benchmark (%) 3.26 0.24 2.20 3.14 3.94
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.97 0.61 0.38 1.22 0.23 -7.57 -2.56 5.64 33.00
Benchmark (%) -0.06 1.08 1.00 2.62 3.26 0.71 11.47 36.17 77.49
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

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 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

Key Facts

Key Facts

Net Assets of Fund
as of 21-Jun-2024
USD 191,756,293
Fund Inception
19-Jun-2009
Fund Base Currency
USD
Benchmark
Bloomberg Barclays World Government Inflation-Linked 1-20yr Index USD Hedged
Initial Charge
5.00%
Management Fee (incl Distribution Fee, if any)
0.75%
Minimum Initial Investment
EUR 5000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Inflation-Linked Bond - EUR Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
B45H199
Share Class Inception Date
23-Jul-2009
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
ISIN
LU0425308169
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BGFIA2E
SFC-authorised ESG fund
No
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-May-2024
134
3y Beta
as of 31-May-2024
0.977
Modified Duration
as of 31-May-2024
6.41 yrs
Effective Duration
as of 31-May-2024
6.36
WAL to Worst
as of 31-May-2024
7.77
Standard Deviation (3y)
as of 31-May-2024
6.28%
Yield to Maturity
as of 31-May-2024
4.33
Yield to Worst
as of 31-May-2024
2.08
Weighted Avg Maturity
as of 31-May-2024
7.77

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.

Ratings

Ratings

Morningstar Rating

4 stars
As of 31-May-2024
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 31-May-2024
Name Weight (%)
UMBS 30YR TBA(REG A) 3.31
TREASURY (CPI) NOTE 0.375 07/15/2025 1.94
TREASURY (CPI) NOTE 0.125 01/15/2032 1.92
TREASURY (CPI) NOTE 1.125 01/15/2033 1.85
TREASURY (CPI) NOTE 0.375 01/15/2027 1.83
Name Weight (%)
TREASURY (CPI) NOTE 0.625 01/15/2026 1.80
TREASURY (CPI) NOTE 0.125 07/15/2031 1.79
TREASURY (CPI) NOTE 0.125 07/15/2030 1.79
TREASURY (CPI) NOTE 0.625 07/15/2032 1.77
TREASURY (CPI) NOTE 0.125 01/15/2031 1.75
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 31-May-2024

% of Weight

Type Fund Benchmark Net
as of 31-May-2024

% of Weight

Type Fund Benchmark Net
as of 31-May-2024

% of Weight

Type Fund Benchmark Net
Allocations are subject to change. Source: BlackRock
as of 31-May-2024

% of Weight

Type Fund Benchmark Net
as of 31-May-2024

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 Hedged EUR 13.39 0.03 0.22 21-Jun-2024 13.50 12.73 LU0425308169
A10 USD 10.06 0.02 0.20 21-Jun-2024 10.06 9.94 LU2809353449
D3 USD 15.97 0.04 0.25 21-Jun-2024 16.00 15.02 LU0827882555
A3 USD 15.80 0.03 0.19 21-Jun-2024 15.83 14.86 LU0425308243
C3 USD 13.38 0.03 0.22 21-Jun-2024 13.47 12.68 LU0425308599
A2 USD 16.30 0.03 0.18 21-Jun-2024 16.31 15.31 LU0425308086
D2 Hedged EUR 14.12 0.03 0.21 21-Jun-2024 14.21 13.39 LU0448666502
C2 USD 13.37 0.02 0.15 21-Jun-2024 13.46 12.68 LU0425308326
D2 USD 17.19 0.04 0.23 21-Jun-2024 17.19 16.11 LU0448666684
Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

David Rogal
David Rogal
Johan Sjogren
Johan Sjogren
Harrison Segall
Harrison Segall

Documents

Documents