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

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Reinvestments

This product does not have any distributions data as of now.
  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

- - -0.40 10.93 4.93
Benchmark (%)

as of 30-Sep-20

6.54 - 0.82 10.65 4.14
  1y 3y 5y 10y Incept.
4.93 5.05 - - 4.10
Benchmark (%)

as of 30-Sep-20

4.14 5.12 - - 4.04
  YTD 1m 3m 1y 3y 5y 10y Incept.
5.21 0.52 1.83 4.93 15.94 - - 17.10
Benchmark (%)

as of 30-Sep-20

4.65 0.37 0.73 4.14 16.17 - - 16.81

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

Key Facts

Key Facts

Size of Fund (Millions) as of 23-Oct-20 USD 1,406.707
12m Trailing Yield -
Number of Holdings as of 30-Sep-20 1661
Base Currency USD
Fund Launch Date 04-Sep-85
Inception Date 26-Oct-16
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.
Ongoing Charges Figures 0.52%
ISIN LU1087925589
Bloomberg Ticker BGWBI2U
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 10000000
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 30-Sep-20 2.10
Modified Duration as of 30-Sep-20 8.55
Effective Duration as of 30-Sep-20 7.94
Weighted Avg Maturity as of 30-Sep-20 8.97
WAL to Worst as of 30-Sep-20 8.97

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 Fund Rating (AAA-CCC) as of 01-Oct-20 BBB
MSCI ESG Quality Score (0-10) as of 01-Oct-20 5.24
MSCI ESG Quality Score - Peer Percentile as of 01-Oct-20 31.51
MSCI ESG % Coverage as of 01-Oct-20 67.10
Fund Lipper Global Classification as of 01-Oct-20 Bond Global USD
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 01-Oct-20 308.48
Funds in Peer Group as of 01-Oct-20 365
All data is from MSCI ESG Fund Ratings as of 01-Oct-20, based on holdings as of 31-Mar-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.

MSCI - Controversial Weapons as of 30-Sep-20 0.00%
MSCI - UN Global Compact Violators as of 30-Sep-20 1.65%
MSCI - Nuclear Weapons as of 30-Sep-20 0.12%
MSCI - Thermal Coal as of 30-Sep-20 0.00%
MSCI - Civilian Firearms as of 30-Sep-20 0.00%
MSCI - Oil Sands as of 30-Sep-20 0.02%
MSCI - Tobacco as of 30-Sep-20 0.56%
MSCI Business Involvement % Coverage as of 30-Sep-20 32.31%
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 0.23% and for Oil Sands 0.40%.

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

4
Overall Morningstar Rating for BGF World Bond Fund, Class I2, as of 30-Sep-20 rated against 282 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 09-Jan-20)

Holdings

Holdings

as of 30-Sep-20
Name Weight (%)
TREASURY NOTE 0.125 08/31/2022 3.48
UMBS 30YR TBA(REG A) 3.28
WI TREASURY (CPI) NOTE 0.125 04/15/2025 1.65
TREASURY (CPI) NOTE 0.5 04/15/2024 1.58
GNMA2 30YR TBA(REG C) 1.19
Name Weight (%)
CANADA (GOVERNMENT OF) 0.5 09/01/2025 0.77
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 0.72
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.65
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.41 06/19/2025 0.65
ITALY (REPUBLIC OF) 2.45 09/01/2050 0.63
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-20

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-20

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-20

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-20

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-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 I2 USD None 11.73 -0.01 -0.09 11.77 10.47 - LU1087925589 - -
Class X2 Hedged EUR None 218.10 -0.25 -0.11 219.11 195.98 - LU0692855462 - -
Class I4 Hedged EUR - 10.57 -0.01 -0.09 10.69 10.00 - LU2144843153 - -
Class X2 Hedged DKK None 122.96 -0.14 -0.11 123.35 109.76 - LU0862984498 - -
Class A3 USD Monthly 61.50 -0.07 -0.11 61.89 55.48 - LU0184696853 - -
Class A2 USD None 85.62 -0.10 -0.12 86.05 76.76 - LU0184696937 - -
Class D3 USD Monthly 61.59 -0.07 -0.11 61.97 55.56 - LU0827888321 - -
Class E2 EUR None 66.65 -0.16 -0.24 71.21 65.63 - LU0277197678 - -
Class A6 Hedged SGD Monthly 10.67 -0.01 -0.09 10.85 9.74 - LU1830001282 - -
Class D2 USD None 90.35 -0.10 -0.11 90.73 80.82 - LU0297941972 - -
Class A2 Hedged GBP None 12.47 -0.02 -0.16 12.56 11.24 - LU0808759830 - -
Class X2 Hedged CHF None 15.35 -0.01 -0.07 15.42 13.81 - LU0372548510 - -
Class A1 USD Daily 61.61 -0.07 -0.11 62.03 55.56 - LU0012053665 - -
Class X2 Hedged NOK None 14.62 -0.02 -0.14 14.68 13.11 - LU0739658705 - -
Class C1 USD Daily 61.94 -0.07 -0.11 62.41 55.94 - LU0184697588 - -
Class E2 USD None 78.89 -0.09 -0.11 79.37 70.94 - LU0184697075 - -
Class X2 Hedged NZD None 12.82 -0.01 -0.08 12.86 11.46 - LU1288049783 - -
Class X2 Hedged GBP None 13.58 -0.02 -0.15 13.63 12.17 - LU0757589873 - -
Class D2 Hedged CHF None 10.85 -0.01 -0.09 10.92 9.79 - LU0308772333 - -
Class X2 USD None 97.27 -0.10 -0.10 97.59 86.70 - LU0184697158 - -
Class A2 Hedged EUR None 199.78 -0.23 -0.11 201.35 180.57 - LU0330917880 - -
Class A8 Hedged CNH Monthly 108.41 -0.12 -0.11 109.01 98.01 - LU1529944784 - -
Class D2 Hedged EUR None 206.07 -0.24 -0.12 207.28 185.84 - LU0827888594 - -
Class D2 Hedged GBP None 12.56 -0.01 -0.08 12.62 11.29 - LU0871639547 - -

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
Aidan Doyle
CFA, Director

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

Trevor Slaven
Trevor Slaven

Literature

Literature