Fixed Income

BGF World Bond Fund

Overview

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.

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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of 30-Jun-2021

- 0.90 8.13 5.41 2.96
Benchmark (%)

as of 30-Jun-2021

- 1.66 7.80 6.07 0.08
  1y 3y 5y 10y Incept.
2.75 5.83 - - 3.78
Benchmark (%)

as of 31-Aug-2021

0.76 4.84 - - 3.34
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.25 0.08 1.53 2.75 18.51 - - 19.70
Benchmark (%)

as of 31-Aug-2021

-0.49 -0.20 1.53 0.76 15.23 - - 17.27

Key Facts

Key Facts

Size of Fund (Millions) as of 17-Sep-2021 USD 1,359.45
12m Trailing Yield -
Number of Holdings as of 31-Aug-2021 1720
Base Currency U.S. Dollar
Fund Launch Date 04-Sep-1985
Share Class launch date 26-Oct-2016
Asset Class Fixed Income
Morningstar Category Global Bond - USD Hedged
Benchmark Index BBG Global Aggregate Index (USD Hedged)
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.53%
ISIN LU1087925589
Bloomberg Ticker BGWBI2U
Annual Management Fee 0.45%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BP4VKZ8
Bloomberg Benchmark Ticker LEGATRUH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10,000,000.00
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

EUSD In Scope -
Application Threshold -
Holdings in Debt Claims -
Information Source -
Last Distribution Date -
TID -
TIS -
Yield to Maturity as of 31-Aug-2021 2.47
Modified Duration as of 31-Aug-2021 7.90
Effective Duration as of 31-Aug-2021 7.57
Weighted Avg Maturity as of 31-Aug-2021 9.73
3y Volatility - Benchmark as of 31-Aug-2021 3.12
3y Beta as of 31-Aug-2021 1.195
5y Volatility - Benchmark as of - -
5y Beta as of - -
WAL to Worst as of 31-Aug-2021 9.73

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 07-Sep-2021 BBB
MSCI ESG Quality Score (0-10) as of 07-Sep-2021 5.35
MSCI ESG Quality Score - Peer Percentile as of 07-Sep-2021 30.95
MSCI ESG % Coverage as of 07-Sep-2021 66.24
Fund Lipper Global Classification as of 07-Sep-2021 Bond Global USD
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Sep-2021 330.15
Funds in Peer Group as of 07-Sep-2021 378
All data is from MSCI ESG Fund Ratings as of 07-Sep-2021, based on holdings as of 31-Mar-2021. 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% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

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 31-Aug-2021 0.02%
MSCI - UN Global Compact Violators as of 31-Aug-2021 0.91%
MSCI - Nuclear Weapons as of 31-Aug-2021 0.08%
MSCI - Thermal Coal as of 31-Aug-2021 0.00%
MSCI - Civilian Firearms as of 31-Aug-2021 0.00%
MSCI - Oil Sands as of 31-Aug-2021 0.00%
MSCI - Tobacco as of 31-Aug-2021 0.34%

Business Involvement Coverage as of 31-Aug-2021 21.31%
Percentage of Fund not covered as of 31-Aug-2021 78.95%
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 0.21% and for Oil Sands 0.44%.

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 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 phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves 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.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for BGF World Bond Fund, Class I2, as of 31-Aug-2021 rated against 299 Global Bond - USD Hedged Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 15-Dec-2020)

Holdings

Holdings

as of 31-Aug-2021
Name Weight (%)
UMBS 30YR TBA(REG A) 7.14
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 2.99
JAPAN (GOVERNMENT OF) 5YR #148 0.005 06/20/2026 2.54
TREASURY (CPI) NOTE 0.125 04/15/2026 2.16
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.02 05/27/2031 1.75
Name Weight (%)
GNMA2 30YR TBA(REG C) 1.31
MEXICO (UNITED MEXICAN STATES) (GO 7.75 05/29/2031 1.21
TREASURY (CPI) NOTE 0.5 04/15/2024 1.02
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.85 06/04/2027 0.80
UMBS 15YR TBA(REG B) 0.78
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2021

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-2021

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Aug-2021

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-2021

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-2021

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class I2 USD None 11.93 -0.02 -0.17 12.00 11.69 - LU1087925589 - -
Class A2 USD None 86.64 -0.13 -0.15 87.19 85.18 - LU0184696937 - -
Class I4 Hedged EUR Annual 10.48 -0.02 -0.19 10.75 10.48 - LU2144843153 - -
Class A3 USD Monthly 61.54 -0.09 -0.15 62.44 60.85 - LU0184696853 - -
Class D2 Hedged EUR None 207.65 -0.32 -0.15 209.52 204.53 - LU0827888594 - -
Class A1 USD Daily 61.65 -0.09 -0.15 62.59 60.95 - LU0012053665 - -
Class D2 Hedged GBP None 12.73 -0.01 -0.08 12.80 12.50 - LU0871639547 - -
Class A2 Hedged GBP None 12.59 -0.02 -0.16 12.68 12.39 - LU0808759830 - -
Class D2 USD None 91.75 -0.14 -0.15 92.29 90.03 - LU0297941972 - -
Class A2 Hedged EUR None 200.59 -0.30 -0.15 202.96 197.94 - LU0330917880 - -
Class D3 USD Monthly 61.62 -0.09 -0.15 62.52 60.93 - LU0827888321 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Portfolio Manager, BlackRock’s Green Bond Mandates

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income.

Russell Brownback
Russell Brownback
Trevor Slaven
Trevor Slaven
Aidan Doyle
CFA, Director

Aidan Doyle, CFA, Director, is a portfolio manager within the Global Bond Team.

Literature

Literature