Fixed Income

BGF Euro 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 GBP, 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

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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 25-Sep-20 EUR 5,139.671
Base Currency EUR
Fund Launch Date 31-Mar-94
Inception Date 04-Aug-10
Asset Class Fixed Income
Morningstar Category EUR Diversified Bond
Benchmark Index BBG Barc Euro-Aggregate: 500MM in GBP
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0204069685
Bloomberg Ticker BGEBA4G
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B4QSBW4
Bloomberg Benchmark Ticker LEUR500GBP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 5000
Minimum Subsequent Investment GBP 1000
Use of Income Distributing

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-Sep-20 70.13
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 01-Sep-20 Bond EUR
All data is from MSCI ESG Fund Ratings as of 01-Sep-20, based on holdings as of 29-Feb-20. 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 exposures shown above for Thermal Coal and Oil Sands are calculated and reported for issuers within the fund that generate more than 5% of revenue from thermal coal mining or oil sands extraction, as defined by MSCI ESG Research. For the exposure to issuers within the fund that generate any revenue from thermal coal mining or oil sands extraction (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.17% and for Oil Sands 0.53%.

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 Euro Bond Fund, Class A4, as of 31-Aug-20 rated against 1153 EUR Diversified Bond 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 23-Jul-20)

Holdings

Holdings

as of 31-Aug-20
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 4.25 07/04/2039 1.81
FRANCE (REPUBLIC OF) 1.75 06/25/2039 1.42
ITALY (REPUBLIC OF) 1.45 11/15/2024 1.29
ITALY (REPUBLIC OF) 1.3 05/15/2028 1.07
ITALY (REPUBLIC OF) 0.05 04/15/2021 0.95
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 4.75 07/04/2040 0.90
JAPAN (GOVERNMENT OF) 10YR #23 0.1 03/10/2028 0.90
SPAIN (KINGDOM OF) 2.75 10/31/2024 0.89
UNEDIC MTN RegS 0.875 05/25/2028 0.82
ITALY (REPUBLIC OF) 1.45 09/15/2022 0.80
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-20

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-20

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-20

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Aug-20

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-20

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-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 A4 GBP Annual 25.83 0.02 0.08 26.00 23.10 - LU0204069685 - -
Class I4 Hedged USD - 11.37 0.00 0.00 11.38 10.53 - LU1808491812 - -
Class D3 USD Monthly 24.48 -0.02 -0.08 25.04 21.15 - LU0827877639 - -
Class AI2 EUR - 10.60 0.00 0.00 10.60 9.85 - LU1960220827 - -
Class E5 EUR Quarterly 26.02 -0.01 -0.04 26.09 24.25 - LU0500207468 - -
Class I4 Hedged GBP Annual 11.45 -0.01 -0.09 11.47 10.64 - LU1376384282 - -
Class D4 Hedged GBP Annual 11.43 0.00 0.00 11.43 10.61 - LU1376384365 - -
Class C2 USD None 27.39 -0.02 -0.07 28.05 23.82 - LU0331283399 - -
Class A2 USD None 36.14 -0.03 -0.08 36.97 31.23 - LU0171279184 - -
Class D2 EUR None 32.58 -0.01 -0.03 32.59 30.23 - LU0297941469 - -
Class A4 EUR Annual 28.14 0.00 0.00 28.14 26.16 - LU0430265933 - -
Class A1 EUR Monthly 21.00 -0.01 -0.05 21.01 19.52 - LU0118259232 - -
Class D3 EUR Monthly 21.05 0.00 0.00 21.05 19.56 - LU0827877555 - -
Class A2 Hedged PLN None 114.81 -0.04 -0.03 114.85 106.26 - LU1499592381 - -
Class I4 EUR - 10.72 0.00 0.00 10.74 9.98 - LU1808491655 - -
Class E2 USD None 32.44 -0.02 -0.06 33.19 28.10 - LU0171279937 - -
Class A2 EUR None 31.07 -0.01 -0.03 31.08 28.88 - LU0050372472 - -
Class D2 USD None 37.90 -0.03 -0.08 38.75 32.69 - LU0827877472 - -
Class A3 USD Monthly 24.42 -0.02 -0.08 24.98 21.10 - LU0172748641 - -
Class D4 GBP Annual 25.92 0.02 0.08 26.09 23.17 - LU0827877712 - -
Class A1 USD Monthly 24.43 -0.02 -0.08 24.99 21.11 - LU0171278889 - -
Class D4 EUR Annual 12.46 -0.01 -0.08 12.47 11.59 - LU0938162699 - -
Class C2 EUR None 23.54 -0.01 -0.04 23.79 22.03 - LU0147393358 - -
Class I2 EUR None 15.64 -0.01 -0.06 15.65 14.51 - LU0368229703 - -
Class A2 Hedged JPY None 1,086.00 -1.00 -0.09 1,087.00 1,010.00 - LU1668663914 - -
Class X2 EUR None 35.09 -0.01 -0.03 35.10 32.46 - LU0298377911 - -
Class A2 Hedged USD None 14.37 0.00 0.00 14.37 13.29 - LU0869650977 - -
Class D2 Hedged USD None 14.77 0.00 0.00 14.77 13.63 - LU0869640077 - -
Class D2 Hedged CHF None 12.54 0.00 0.00 12.54 11.66 - LU1266592374 - -
Class I2 Hedged JPY None 1,103.00 0.00 0.00 1,103.00 1,023.00 - LU1668661629 - -
Class S4 EUR Annual 10.76 0.00 0.00 10.77 10.01 - LU1722863484 - -
Class E2 EUR None 27.88 -0.01 -0.04 27.96 25.99 - LU0090830810 - -
Class I2 Hedged USD None 12.55 -0.01 -0.08 12.56 11.58 - LU1376384100 - -
Class A3 EUR Monthly 20.99 -0.01 -0.05 21.00 19.51 - LU0172396516 - -
Class I2 Hedged CHF None 11.15 -0.01 -0.09 11.16 10.37 - LU1180456292 - -
Class A2 CZK None 842.29 0.87 0.10 843.10 761.34 - LU1791174284 - -

Portfolio Managers

Portfolio Managers

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

     

Literature

Literature