Fixed Income

BGF Global High Yield 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

  • Returns


The figures shown relate to past performance. Past performance is not a reliable indicator of 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 fund 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

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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 16-Oct-19 USD 1,234.079
Base Currency USD
Fund Launch Date 22-Dec-98
Inception Date 16-May-03
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 LU0118259661
Bloomberg Ticker MERHYID
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 4562119
Bloomberg Benchmark Ticker ML_GHYUSDH
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

3y Volatility - Benchmark as of 30-Sep-19 3.78
5y Volatility - Benchmark as of 30-Sep-19 5.04
5y Beta as of 30-Sep-19 0.985

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

Overall Morningstar Rating for BGF Global High Yield Bond Fund, Class A1, as of 30-Sep-19 rated against 424 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 09-Oct-19)

Holdings

Holdings

as of 30-Sep-19
Name Weight (%)
ALLY FINANCIAL INC 8 11/01/2031 0.73
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 0.70
PETROBRAS GLOBAL FINANCE BV 144A 5.093 01/15/2030 0.66
BOMBARDIER INC 144A 7.875 04/15/2027 0.50
GMAC CAPITAL TRUST I 0.49
Name Weight (%)
BWAY HOLDING CO RegS 4.75 04/15/2024 0.47
CENTENE CORPORATION 144A 5.375 06/01/2026 0.47
SBA COMMUNICATIONS CORP 4.875 09/01/2024 0.46
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.44
ALTICE FRANCE SA (FRANCE) 144A 7.375 05/01/2026 0.44
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-19

% 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 A1 EUR Daily 5.23 0.01 0.19 5.28 4.98 - LU0118259661 - -
Class D5 Hedged GBP Quarterly 9.10 0.01 0.11 9.22 8.56 - LU1072327023 - -
Class X2 Hedged EUR None 20.65 0.03 0.15 20.69 18.73 - LU0147394752 - -
Class C2 USD None 22.61 0.03 0.13 22.66 20.45 - LU0331284447 - -
Class A1 USD Daily 8.01 0.02 0.25 8.04 7.43 - LU0171284770 - -
Class C1 Hedged EUR Daily 5.35 0.01 0.19 5.40 5.09 - LU0147394323 - -
Class A6 Hedged SGD Monthly 9.88 0.01 0.10 9.95 9.34 - LU1830001522 - -
Class A5 EUR Quarterly 11.25 -0.04 -0.35 11.41 10.06 - LU1125545993 - -
Class D3 Hedged EUR Monthly 5.21 0.01 0.19 5.26 4.95 - LU0827882472 - -
Class D2 Hedged EUR None 18.16 0.03 0.17 18.21 16.57 - LU0368267034 - -
Class C2 Hedged EUR None 13.52 0.02 0.15 13.57 12.53 - LU0147394596 - -
Class X2 USD None 11.07 0.02 0.18 11.07 9.80 - LU0580566189 - -
Class I3 USD Monthly 10.49 0.01 0.10 10.55 9.74 - LU0764819032 - -
Class A2 Hedged EUR None 17.09 0.02 0.12 17.14 15.68 - LU0093504206 - -
Class E5 Hedged EUR Quarterly 10.30 0.01 0.10 10.43 9.78 - LU0500207039 - -
Class D2 Hedged GBP None 19.70 0.03 0.15 19.74 17.83 - LU0372548783 - -
Class A8 Hedged CNH - 104.99 0.16 0.15 105.60 98.71 - LU1919856135 - -
Class A6 Hedged HKD Monthly 52.54 0.08 0.15 52.89 49.70 - LU0784402520 - -
Class D2 USD None 27.99 0.04 0.14 28.02 24.93 - LU0297941899 - -
Class E2 EUR None 21.46 -0.08 -0.37 21.73 18.63 - LU0628613712 - -
Class A2 Hedged PLN None 14.46 0.02 0.14 14.48 13.05 - LU0849758007 - -
Class D3 USD Monthly 8.10 0.01 0.12 8.14 7.52 - LU0827882126 - -
Class E2 Hedged EUR None 15.44 0.02 0.13 15.49 14.22 - LU0093505864 - -
Class A6 USD Monthly 6.97 0.01 0.14 7.02 6.56 - LU0764618640 - -
Class AI5 Hedged EUR - 10.24 0.01 0.10 10.27 10.08 - LU1960223334 - -
Class I2 USD None 28.19 0.04 0.14 28.21 25.07 - LU0369584726 - -
Class AI2 Hedged EUR - 10.27 0.01 0.10 10.30 9.95 - LU1960223250 - -
Class I2 Hedged CAD None 12.63 0.02 0.16 12.65 11.32 - LU1153585705 - -
Class A2 USD None 26.25 0.04 0.15 26.29 23.51 - LU0171284937 - -
Class A3 Hedged EUR Monthly 5.18 0.01 0.19 5.23 4.93 - LU0172401704 - -
Class I2 Hedged EUR - 10.50 0.01 0.10 10.53 9.57 - LU1791806000 - -
Class A2 Hedged SEK None 13.52 0.02 0.15 13.56 12.39 - LU0797429023 - -
Class A8 Hedged AUD Monthly 6.79 0.01 0.15 6.84 6.42 - LU0871640040 - -
Class E2 USD None 23.72 0.04 0.17 23.75 21.32 - LU0171285157 - -
Class X4 Hedged EUR Annual 8.96 0.01 0.11 9.43 8.62 - LU0984200880 - -
Class A8 Hedged ZAR Monthly 90.92 0.15 0.17 91.46 84.88 - LU1023055319 - -
Class C1 USD Daily 8.20 0.01 0.12 8.24 7.62 - LU0331284363 - -
Class A3 USD Monthly 8.06 0.01 0.12 8.10 7.48 - LU0172401969 - -
Class A2 Hedged GBP None 18.67 0.03 0.16 18.72 16.99 - LU0567554463 - -

Portfolio Managers

Portfolio Managers

James Keenan
James Keenan
Jose Aguilar
Jose Aguilar
David Delbos
David Delbos
Mitchell Garfin
Mitchell Garfin
James Turner
James Turner

Literature

Literature