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

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Distributions

Record Date Ex-Date Payable Date
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  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) -5.21 8.54 -1.38 9.23 3.25 0.51 6.58 6.00 4.82
Benchmark (%) -4.74 5.15 -0.40 5.91 2.72 0.99 6.86 6.38 5.55
  1y 3y 5y 10y Incept.
-7.86 0.94 2.17 2.34 2.44
Benchmark (%) -6.94 1.58 2.55 2.04 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-7.69 1.54 -3.25 -4.29 -7.86 2.85 11.32 25.99 27.86
Benchmark (%) -6.84 2.15 -2.14 -3.43 -6.94 4.80 13.44 22.41 -
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

Net Assets of Fund as of 08-Dec-2022 USD 334,069,602
Share Class Inception Date 27-Sep-2012
Fund Inception 19-Jun-2009
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
Benchmark Bloomberg Barclays World Government Inflation-Linked 1-20yr Index USD Hedged
SFDR Classification Other
Initial Charge 5.00%
Management Fee (incl Distribution Fee, if any) 0.40%
Performance Fee 0.00%
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Distribution Frequency Monthly
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Inflation-Linked Bond - USD Hedged
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGILD3U
ISIN LU0827882555
SEDOL B893Y69
SFC-authorised ESG fund No
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30-Nov-2022 124
12M Trailing Distribution as of 30-Nov-2022 0.16%
Standard Deviation (3y) as of 30-Nov-2022 6.03%
Yield to Maturity as of 30-Nov-2022 3.49
Modified Duration as of 30-Nov-2022 6.28 yrs
Yield to Worst as of 30-Nov-2022 1.09
Effective Duration as of 30-Nov-2022 6.30
Weighted Avg Maturity as of 30-Nov-2022 6.79
WAL to Worst as of 30-Nov-2022 6.79

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion 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

5 stars
As of 30-Nov-2022
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Nov-2022
Name Weight (%)
TREASURY (CPI) NOTE 0.625 01/15/2026 2.52
TREASURY (CPI) NOTE 0.5 01/15/2028 2.00
TREASURY (CPI) NOTE 0.125 10/15/2026 2.00
UK I/L GILT 0.125 03/22/2024 1.98
TREASURY (CPI) NOTE 0.125 01/15/2032 1.98
Name Weight (%)
TREASURY (CPI) NOTE 0.625 01/15/2024 1.98
TREASURY (CPI) NOTE 0.125 07/15/2024 1.97
TREASURY (CPI) NOTE 0.125 07/15/2031 1.86
TREASURY (CPI) NOTE 0.125 07/15/2030 1.83
TREASURY (CPI) NOTE 0.125 01/15/2031 1.77
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-Nov-2022

% of Weight

Type Fund
as of 30-Nov-2022

% of Weight

Type Fund
as of 30-Nov-2022

% of Weight

Type Fund
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-Nov-2022

% of Weight

Type Fund
as of 30-Nov-2022

% of Weight

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

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
D3 USD Monthly 15.59 0.01 0.06 08-Dec-2022 16.96 14.70 LU0827882555 -
A3 USD Monthly 15.42 0.00 0.00 08-Dec-2022 16.80 14.55 LU0425308243 -
A2 Hedged EUR Non-Distributing 13.48 0.00 0.00 08-Dec-2022 14.99 12.78 LU0425308169 -
A2 USD Non-Distributing 15.89 0.00 0.00 08-Dec-2022 17.31 14.99 LU0425308086 -
D2 Hedged EUR Non-Distributing 14.14 0.00 0.00 08-Dec-2022 15.69 13.40 LU0448666502 -
C3 USD Monthly 13.29 0.00 0.00 08-Dec-2022 14.61 12.56 LU0425308599 -
C2 USD Non-Distributing 13.29 0.00 0.00 08-Dec-2022 14.61 12.56 LU0425308326 -
D2 USD Non-Distributing 16.66 0.00 0.00 08-Dec-2022 18.10 15.71 LU0448666684 -
Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

Christopher Allen
Christopher Allen
David Rogal
David Rogal

Documents

Documents