Fixed Income

BGF World 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

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 USD, hedged Share Class Benchmark performance is displayed in USD.

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

Chart

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 05-Jun-20 USD 1,267.459
Base Currency USD
Fund Launch Date 04-Sep-85
Inception Date 11-Feb-08
Asset Class Fixed Income
Morningstar Category Global Bond - USD Hedged
Benchmark Index BBG Barc Global Aggregate Index (USD Hedged)
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0184697158
Bloomberg Ticker BGFWUX2
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B43HJR5
Bloomberg Benchmark Ticker LEGATRUH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material 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 Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 01-May-20 36.27
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 01-May-20 Bond Global USD
All data is from MSCI ESG Fund Ratings as of 01-May-20, based on holdings as of 31-Oct-19. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.


Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF World Bond Fund, Class X2, as of 31-May-20 rated against 281 Global Bond - USD 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 16-Jan-19)

Holdings

Holdings

as of 29-May-20
Name Weight (%)
UMBS 30YR TBA(REG A) 4.90
TREASURY (CPI) NOTE 0.5 04/15/2024 2.49
GNMA2 30YR TBA(REG C) 1.06
INDIA (REPUBLIC OF) 7.26 01/14/2029 0.88
GNMA2 30YR 2016 PRODUCTION 0.78
Name Weight (%)
FNMA 30YR 2016 PRODUCTION 0.68
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.63
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.58
WI TREASURY (CPI) NOTE 0.125 04/15/2025 0.58
JAPAN (GOVERNMENT OF) 30YR #32 2.3 03/20/2040 0.57
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-May-20

% of Market Value

Type Fund Benchmark Net
as of 29-May-20

% of Market Value

Type Fund Benchmark Net
as of 29-May-20

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 29-May-20

% of Market Value

Type Fund Benchmark Net
as of 29-May-20

% of Market Value

Type Fund Benchmark Net
as of 29-May-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 X2 USD None 94.13 -0.07 -0.07 96.30 86.70 - LU0184697158 - -
Class C1 USD Daily 60.46 -0.05 -0.08 62.20 55.94 - LU0184697588 - -
Class I4 Hedged EUR - 10.35 -0.01 -0.10 10.37 10.00 - LU2144843153 - -
Class X2 Hedged CHF None 14.92 -0.02 -0.13 15.38 13.81 - LU0372548510 - -
Class E2 EUR None 67.98 -0.19 -0.28 71.21 65.10 - LU0277197678 - -
Class I2 USD None 11.36 -0.01 -0.09 11.64 10.47 - LU1087925589 - -
Class X2 Hedged NOK None 14.18 -0.01 -0.07 14.64 13.11 - LU0739658705 - -
Class A2 USD None 83.18 -0.06 -0.07 85.31 76.76 - LU0184696937 - -
Class A2 Hedged GBP None 12.14 -0.01 -0.08 12.56 11.24 - LU0808759830 - -
Class A2 Hedged EUR None 194.92 -0.14 -0.07 201.35 180.57 - LU0330917880 - -
Class X2 Hedged EUR None 211.97 -0.15 -0.07 218.43 195.98 - LU0692855462 - -
Class A6 Hedged SGD Monthly 10.46 -0.01 -0.10 10.85 9.74 - LU1830001282 - -
Class X2 Hedged DKK None 118.94 -0.07 -0.06 122.30 109.76 - LU0862984498 - -
Class D2 Hedged CHF None 10.57 -0.01 -0.09 10.92 9.79 - LU0308772333 - -
Class X2 Hedged NZD None 12.41 -0.01 -0.08 12.78 11.46 - LU1288049783 - -
Class D3 USD Monthly 60.01 -0.04 -0.07 61.73 55.56 - LU0827888321 - -
Class A8 Hedged CNH Monthly 105.61 -0.07 -0.07 108.97 98.01 - LU1529944784 - -
Class A1 USD Daily 60.07 -0.05 -0.08 61.78 55.56 - LU0012053665 - -
Class D2 USD None 87.64 -0.07 -0.08 89.80 80.82 - LU0297941972 - -
Class X2 Hedged GBP None 13.16 -0.01 -0.08 13.59 12.17 - LU0757589873 - -
Class E2 USD None 76.79 -0.06 -0.08 78.85 70.94 - LU0184697075 - -
Class A3 USD Monthly 59.94 -0.04 -0.07 61.66 55.48 - LU0184696853 - -
Class D2 Hedged GBP None 12.20 -0.01 -0.08 12.61 11.29 - LU0871639547 - -
Class D2 Hedged EUR None 200.76 -0.14 -0.07 207.18 185.84 - LU0827888594 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Russell Brownback
Russell Brownback
Aidan Doyle (FI)
Aidan Doyle (FI)
Trevor Slaven
Trevor Slaven

Literature

Literature