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

Performance chart data not available for display.
View Charts & Calendar Year Performance
  1y 3y 5y 10y Incept.
2.37 2.01 2.35 2.84 3.27
  YTD 6m 1y 3y 5y 10y Incept.
3.01 6.06 2.37 6.14 12.30 32.31 42.72
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.

Key Facts

Key Facts

Size of Fund (Millions) as of 22-Oct-2020 USD 184.400 M
Base Currency USD
Fund Inception 19-Jun-2009
Share Class Currency EUR
Share Class Inception Date 08-Sep-2009
Additional Currencies USD
Asset Class Fixed Income
Morningstar Category Global Inflation-Linked Bond - EUR Hedged
Benchmark Index Bloomberg Barclays World Government Inflation-Linked 1-20yr Index USD Hedged
Distribution Frequency Non-Distributing
ISIN LU0448666502
Bloomberg Ticker BGFFLDH
Management Fee (incl Distribution Fee, if any) 0.40%
Initial Charge 5.00%
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 30-Sep-2020 0.26
Modified Duration as of 30-Sep-2020 6.48 yrs
12M Trailing Distribution as of - -
Effective Duration as of 30-Sep-2020 6.48
3y Volatility as of 30-Sep-2020 3.25
3y Volatility - Benchmark as of 30-Sep-2020 2.88
3y Beta as of 30-Sep-2020 1.063
5yr Volatility as of 30-Sep-2020 4.16
5y Volatility - Benchmark as of 30-Sep-2020 3.96
5y Beta as of 30-Sep-2020 1.005
Since Class Inception – Volatility as of 30-Sep-2020 4.27
Since Class Inception Volatility – Benchmark as of 30-Sep-2020 4.30
Since Class Inception - Beta as of 30-Sep-2020 0.95

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Sep-2020
Name Weight (%)
TREASURY (CPI) NOTE 0.75 07/15/2028 3.48
JAPAN (GOVERNMENT OF) 10YR #24 0.1 03/10/2029 3.42
TREASURY (CPI) NOTE 0.125 07/15/2026 3.09
ITALY (REPUBLIC OF) 1.3 05/15/2028 2.49
TREASURY (CPI) NOTE 0.375 07/15/2027 2.47
Name Weight (%)
TREASURY (CPI) NOTE 0.375 07/15/2025 2.45
TREASURY (CPI) NOTE 0.5 01/15/2028 2.44
TREASURY (CPI) NOTE 0.125 07/15/2022 2.19
UK I/L GILT 0.75 03/22/2034 2.14
TREASURY (CPI) NOTE 0.375 01/15/2027 2.12
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 30-Sep-2020

% of Weight

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the geography where the issuer of the securities carries out much of their business. “Others” excluded from the chart above.
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch. This breakdown is provided by BlackRock and takes the middle rating of the agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Ratings and portfolio credit quality may change over time.
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

Pricing

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
D2 Hedged EUR Non-Distributing 14.71 -0.01 -0.07 22-Oct-2020 14.75 13.23 LU0448666502
D3 USD Monthly 15.74 -0.02 -0.13 22-Oct-2020 15.79 14.05 LU0827882555
A2 Hedged EUR Non-Distributing 14.13 -0.02 -0.14 22-Oct-2020 14.18 12.74 LU0425308169
A3 USD Monthly 15.66 -0.02 -0.13 22-Oct-2020 15.71 14.00 LU0425308243
C2 USD Non-Distributing 13.86 -0.01 -0.07 22-Oct-2020 13.90 12.48 LU0425308326
C3 USD Monthly 13.86 -0.02 -0.14 22-Oct-2020 13.91 12.49 LU0425308599
D2 USD Non-Distributing 16.79 -0.02 -0.12 22-Oct-2020 16.84 14.98 LU0448666684
A2 USD Non-Distributing 16.14 -0.01 -0.06 22-Oct-2020 16.19 14.43 LU0425308086

Portfolio Managers

Portfolio Managers

Christopher Allen
Christopher Allen
Emanuella Enenajor
Emanuella Enenajor

Documents

Documents