Fixed Income

BGF Euro Short Duration Bond Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
View full table
  From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of 30-Sep-20

0.76 0.39 -0.97 0.09 -0.16
Benchmark (%)

as of 30-Sep-20

0.83 -0.04 -0.48 0.98 -0.30
  1y 3y 5y 10y Incept.
0.33 -0.24 -0.01 1.25 2.30
Benchmark (%)

as of 30-Nov-20

0.18 0.11 0.16 1.27 2.09
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.33 0.16 0.41 0.33 -0.72 -0.03 13.27 35.52
Benchmark (%)

as of 30-Nov-20

0.20 0.04 0.30 0.18 0.34 0.81 13.50 31.83

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged Share Class Benchmark performance is displayed in EUR.

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

Size of Fund (Millions) as of 03-Dec-20 EUR 9,543.222
12m Trailing Yield as of 31-Oct-19 0.01
Number of Holdings as of 30-Oct-20 589
Base Currency EUR
Fund Launch Date 04-Jan-99
Inception Date 24-Jul-07
Asset Class Fixed Income
Morningstar Category EUR Diversified Bond - Short Term
Benchmark Index BBG Barc Euro Aggregate 1-3 Years, 500 MM Minimum
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.89%
ISIN LU0172403825
Bloomberg Ticker MLYSTBE
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 7659524
Bloomberg Benchmark Ticker LEUR500M13
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM as of 30-Oct-20 0.02%
Modified Duration as of 30-Oct-20 2.60
Effective Duration as of 30-Oct-20 2.45
Weighted Avg Maturity as of 30-Oct-20 3.65
WAL to Worst as of 30-Oct-20 3.65

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 01-Nov-20 A
MSCI ESG Quality Score (0-10) as of 01-Nov-20 6.86
MSCI ESG Quality Score - Peer Percentile as of 01-Nov-20 78.04
MSCI ESG % Coverage as of 01-Nov-20 89.44
Fund Lipper Global Classification as of 01-Nov-20 Bond EUR Short Term
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 01-Nov-20 78.77
Funds in Peer Group as of 01-Nov-20 214
All data is from MSCI ESG Fund Ratings as of 01-Nov-20, based on holdings as of 30-Apr-20. 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 30-Oct-20 0.00%
MSCI - UN Global Compact Violators as of 30-Oct-20 1.43%
MSCI - Nuclear Weapons as of 30-Oct-20 0.00%
MSCI - Thermal Coal as of 30-Oct-20 0.00%
MSCI - Civilian Firearms as of 30-Oct-20 0.00%
MSCI - Oil Sands as of 30-Oct-20 0.00%
MSCI - Tobacco as of 30-Oct-20 1.01%

Business Involvement Coverage as of 30-Oct-20 47.81%
Percentage of Fund not covered as of 30-Oct-20 52.19%
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 0.00% and for Oil Sands 0.19%.

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.

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

4
Overall Morningstar Rating for BGF Euro Short Duration Bond Fund, Class A3, as of 30-Nov-20 rated against 498 EUR Diversified Bond - Short Term 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 23-Jul-20)

Holdings

Holdings

as of 30-Oct-20
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 0 04/14/2023 3.69
SPAIN (KINGDOM OF) 0.35 07/30/2023 3.23
GERMANY (FEDERAL REPUBLIC OF) 0 10/08/2021 2.80
SPAIN (KINGDOM OF) 0.75 07/30/2021 1.99
KFW MTN RegS 0 06/30/2022 1.84
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 0 10/07/2022 1.56
FRANCE (REPUBLIC OF) 1.75 05/25/2023 1.47
ITALY (REPUBLIC OF) 2.1 09/15/2021 1.23
FRANCE (REPUBLIC OF) 4.25 10/25/2023 1.20
EUROPEAN FINANCIAL STABILITY FACIL RegS 0 07/17/2023 1.15
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Oct-20

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-20

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-20

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Oct-20

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-20

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-20

% 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 A3 EUR Monthly 12.22 0.00 0.00 12.23 11.69 - LU0172403825 - -
Class SI2 USD Hedged USD - 10.49 0.00 0.00 10.50 9.91 - LU1966277078 - -
Class D3 Hedged GBP Monthly 10.37 0.00 0.00 10.38 9.86 - LU0827891978 - -
Class E2 EUR None 14.34 0.00 0.00 14.37 13.76 - LU0093504115 - -
Class A2 EUR None 15.88 0.00 0.00 15.89 15.19 - LU0093503810 - -
Class I2 EUR None 16.59 -0.01 -0.06 16.61 15.83 - LU0468289250 - -
Class D4 Hedged GBP Annual 11.37 0.00 0.00 11.38 10.81 - LU0555993434 - -
Class C2 EUR None 12.09 0.00 0.00 12.20 11.66 - LU0147388606 - -
Class I2 Hedged CHF - 10.04 0.00 0.00 10.05 9.60 - LU2092627384 - -
Class A2 Hedged CHF None 10.67 0.00 0.00 10.68 10.24 - LU0521028638 - -
Class D3 EUR Monthly 12.33 0.00 0.00 12.34 11.77 - LU0827878017 - -
Class I2 Hedged USD None 11.12 0.01 0.09 11.12 10.52 - LU1499592035 - -
Class D2 Hedged USD None 11.29 0.00 0.00 11.29 10.69 - LU1202926330 - -
Class AI2 EUR - 10.04 0.00 0.00 10.05 9.61 - LU1960221122 - -
Class A2 Hedged USD None 12.62 0.00 0.00 12.63 11.98 - LU0456865749 - -
Class A4 Hedged GBP Annual 11.22 0.00 0.00 11.23 10.69 - LU0448387455 - -
Class X2 EUR None 17.39 -0.01 -0.06 17.41 16.54 - LU0147388861 - -
Class D4 Hedged USD Annual 11.48 0.00 0.00 11.49 10.87 - LU0903533064 - -
Class A4 Hedged USD Annual 11.84 0.00 0.00 11.85 11.24 - LU0448387703 - -
Class D2 EUR None 16.61 0.00 0.00 16.63 15.85 - LU0329592371 - -
Class I5 EUR Quarterly 16.44 0.00 0.00 16.45 15.68 - LU1523256227 - -
Class D2 Hedged CHF None 10.98 -0.01 -0.09 11.00 10.51 - LU0827877985 - -
Class A4 EUR Annual 14.90 0.00 0.00 14.92 14.26 - LU0448386994 - -
Class A1 EUR Daily 12.20 -0.01 -0.08 12.22 11.68 - LU0118255248 - -
Class D4 EUR Annual 15.03 0.00 0.00 15.05 14.35 - LU0827878108 - -
Class SI2 EUR EUR - 10.14 0.00 0.00 10.15 9.66 - LU1966276856 - -

Portfolio Managers

Portfolio Managers

Michael Krautzberger
Head, BlackRock’s Pan-European Fixed Income Team

     

Christopher Allen
Christopher Allen
Jozef Prokes
Jozef Prokes

Literature

Literature