Fixed Income

BGF Global High Yield Bond Fund

Overview

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Performance

Performance

  • Returns

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Feb 21, 2019 USD 1,265.433
Base Currency U.S. Dollar
Fund Inception Date May 16, 2003
Share Class Inception Date Sep 27, 2012
Asset Class Fixed Income
Morningstar Category Global High Yield Bond - EUR Hedged
Benchmark Index ICE BofAML Global High Yield Constrained (HW0C) 100% USD Hedged Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0827882472
Bloomberg Ticker BGHD3EH
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B8199L5
Bloomberg Benchmark Ticker MLGHYCUSH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Jan 31, 2019 4.59
5y Volatility - Benchmark as of Jan 31, 2019 5.07
5y Beta as of Jan 31, 2019 1.005

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global High Yield Bond Fund, Class D3 Hedged, as of Jan 31, 2019 rated against 410 Global High Yield Bond - EUR Hedged Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Oct 17, 2018)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 31, 2019
Name Weight (%)
TRANSDIGM INC 144A 6.25 03/15/2026 1.33
BLACKSTONE CQP HOLDCO LP 144A 6.5 03/20/2021 1.17
PETROBRAS GLOBAL FINANCE BV 4.375 05/20/2023 0.89
STARS GROUP INC 0.70
BWAY HOLDING CO RegS 4.75 04/15/2024 0.50
Name Weight (%)
GMAC CAPITAL TRUST I 8.40113 02/15/2040 0.49
HD SUPPLY INC 144A 5.375 10/15/2026 0.47
INFOR US INC 6.5 05/15/2022 0.42
CLEAR CHANNEL WORLDWIDE HOLDINGS I 7.625 03/15/2020 0.42
SPRINT CORP 7.625 03/01/2026 0.42
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jan 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2019

% 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
D3 Hgd EUR Monthly 5.15 0.00 0.00 5.47 4.95 - LU0827882472 - -
X2 USD Accumulating 10.33 0.01 0.10 10.33 9.80 - LU0580566189 - -
X2 Hgd EUR Accumulating 19.65 0.01 0.05 19.78 18.73 - LU0147394752 - -
C2 Hgd EUR Accumulating 13.08 0.00 0.00 13.45 12.53 - LU0147394596 - -
E2 EUR Accumulating 19.76 0.02 0.10 19.80 17.68 - LU0628613712 - -
A8 Hgd CNH - 103.13 0.08 0.08 103.13 98.71 - LU1919856135 - -
D3 USD Monthly 7.86 0.01 0.13 8.09 7.52 - LU0827882126 - -
A1 USD Daily 7.76 0.00 0.00 7.99 7.43 - LU0171284770 - -
D5 Hgd GBP Quarterly 8.98 0.01 0.11 9.42 8.56 - LU1072327023 - -
D2 USD Accumulating 26.24 0.02 0.08 26.24 24.93 - LU0297941899 - -
A5 EUR Quarterly 10.67 0.00 0.00 10.77 9.84 - LU1125545993 - -
D2 Hgd EUR Accumulating 17.36 0.01 0.06 17.55 16.57 - LU0368267034 - -
A6 Hgd SGD Monthly 9.73 0.01 0.10 10.06 9.34 - LU1830001522 - -
C1 Hgd EUR Daily 5.29 0.00 0.00 5.61 5.09 - LU0147394323 - -
D2 Hgd GBP Accumulating 18.70 0.01 0.05 18.80 17.83 - LU0372548783 - -
A1 EUR Daily 5.17 0.00 0.00 5.48 4.98 - LU0118259661 - -
C2 USD Accumulating 21.47 0.02 0.09 21.56 20.45 - LU0331284447 - -
Class E5 Hedged EUR Quarterly 10.23 0.01 0.10 10.84 9.78 - LU0500207039 - -
I3 USD Monthly 10.18 0.01 0.10 10.48 9.74 - LU0764819032 - -
A2 Hgd EUR Accumulating 16.41 0.01 0.06 16.69 15.68 - LU0093504206 - -
A8 Hgd AUD Monthly 6.70 0.01 0.15 7.05 6.42 - LU0871640040 - -
A2 Hgd PLN Accumulating 13.71 0.01 0.07 13.76 13.05 - LU0849758007 - -
E2 Hgd EUR Accumulating 14.87 0.01 0.07 15.19 14.22 - LU0093505864 - -
A2 Hgd SEK Accumulating 12.97 0.01 0.08 13.19 12.39 - LU0797429023 - -
A6 Hgd HKD Monthly 51.75 0.04 0.08 54.81 49.70 - LU0784402520 - -
E2 USD Accumulating 22.41 0.02 0.09 22.44 21.32 - LU0171285157 - -
I2 Hgd CAD Accumulating 11.90 0.01 0.08 11.90 11.32 - LU1153585705 - -
Class X8 Hedged AUD Monthly 9.54 0.01 0.10 9.89 9.13 - LU1258857488 - -
I2 USD Accumulating 26.40 0.02 0.08 26.40 25.07 - LU0369584726 - -
C1 USD Daily 7.95 0.00 0.00 8.19 7.62 - LU0331284363 - -
A3 USD Monthly 7.82 0.01 0.13 8.05 7.48 - LU0172401969 - -
A6 USD Monthly 6.85 0.01 0.15 7.17 6.56 - LU0764618640 - -
I2 Hgd EUR - 10.03 0.00 0.00 10.13 9.57 - LU1791806000 - -
X4 Hgd EUR Annual 9.04 0.00 0.00 9.63 8.62 - LU0984200880 - -
A8 Hgd ZAR Monthly 88.76 0.10 0.11 92.98 84.88 - LU1023055319 - -
A3 Hgd EUR Monthly 5.13 0.01 0.20 5.44 4.93 - LU0172401704 - -
A2 Hgd GBP Accumulating 17.80 0.01 0.06 17.95 16.99 - LU0567554463 - -
A2 USD Accumulating 24.72 0.01 0.04 24.72 23.51 - LU0171284937 - -

Portfolio Managers

Portfolio Managers

James Keenan
Managing Director, Chief Investment Officer and Global Co-Head of Credit

 James E. Keenan

Jose Aguilar
Jose Aguilar
David Delbos
Co-Head of US High Yield, Global Credit

David Delbos

Mitchell Garfin
Co-Head of US High Yield, Global Credit

Mitchell Garfin

James Turner
James Turner

Literature

Literature