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.

Loading

Performance

Performance

Chart

Performance chart data not available for display.
View full chart

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

6.28 -1.31 0.05 8.90 0.97
Benchmark (%)

as of 30-Sep-20

6.45 -2.32 0.10 9.40 0.46
  1y 3y 5y 10y Incept.
2.44 3.24 2.86 - 3.91
Benchmark (%)

as of 31-Oct-20

2.25 3.18 2.70 - 3.54
  YTD 1m 3m 1y 3y 5y 10y Incept.
3.79 0.72 1.37 2.44 10.03 15.17 - 32.90
Benchmark (%)

as of 31-Oct-20

3.65 0.84 1.32 2.25 9.85 14.24 - 29.43

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 27-Nov-20 EUR 5,160.512
12m Trailing Yield as of 31-Oct-20 0.23
Number of Holdings as of 30-Oct-20 865
Base Currency EUR
Fund Launch Date 31-Mar-94
Inception Date 29-May-13
Asset Class Fixed Income
Morningstar Category EUR Diversified Bond
Benchmark Index BBG Barc Euro Aggregate 500+
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.63%
ISIN LU0938162699
Bloomberg Ticker BEBDD4E
Annual Management Fee 0.40%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BB2BQ54
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM as of 30-Oct-20 0.15%
Modified Duration as of 30-Oct-20 8.12
Effective Duration as of 30-Oct-20 8.00
Weighted Avg Maturity as of 30-Oct-20 9.25
3y Volatility - Benchmark as of 31-Oct-20 3.58
3y Beta as of 31-Oct-20 1.108
5y Volatility - Benchmark as of 31-Oct-20 3.42
5y Beta as of 31-Oct-20 1.021
WAL to Worst as of 30-Oct-20 9.25

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-Nov-20 A
MSCI ESG Quality Score (0-10) as of 01-Nov-20 6.74
MSCI ESG Quality Score - Peer Percentile as of 01-Nov-20 72.40
MSCI ESG % Coverage as of 01-Nov-20 93.25
Fund Lipper Global Classification as of 01-Nov-20 Bond EUR
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 01-Nov-20 73.02
Funds in Peer Group as of 01-Nov-20 308
All data is from MSCI ESG Fund Ratings as of 01-Nov-20, based on holdings as of 30-Apr-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-Oct-20 0.00%
MSCI - UN Global Compact Violators as of 30-Oct-20 1.11%
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 0.28%

Business Involvement Coverage as of 30-Oct-20 43.02%
Percentage of Fund not covered as of 30-Oct-20 56.98%
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 0.16% 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

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for BGF Euro Bond Fund, Class D4, as of 31-Oct-20 rated against 1158 EUR Diversified Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Gold
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective 23-Jul-20)

Holdings

Holdings

as of 30-Oct-20
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 4.25 07/04/2039 1.71
FRANCE (REPUBLIC OF) 1.75 06/25/2039 1.33
ITALY (REPUBLIC OF) 1.45 11/15/2024 1.29
ITALY (REPUBLIC OF) 1.85 07/01/2025 1.22
GERMANY (FEDERAL REPUBLIC OF) 0 08/15/2030 1.15
Name Weight (%)
ITALY (REPUBLIC OF) 1.3 05/15/2028 1.07
ITALY (REPUBLIC OF) 0.05 04/15/2021 0.94
JAPAN (GOVERNMENT OF) 10YR #23 0.1 03/10/2028 0.91
SPAIN (KINGDOM OF) 2.75 10/31/2024 0.88
FRANCE (REPUBLIC OF) 0.5 05/25/2025 0.83
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 D4 EUR Annual 12.63 0.00 0.00 12.63 11.59 - LU0938162699 - -
Class D4 GBP Annual 25.69 0.06 0.23 26.09 23.17 - LU0827877712 - -
Class D3 EUR Monthly 21.33 0.01 0.05 21.33 19.56 - LU0827877555 - -
Class A4 GBP Annual 25.59 0.06 0.24 26.00 23.10 - LU0204069685 - -
Class A1 USD Daily 25.40 0.08 0.32 25.40 21.11 - LU0171278889 - -
Class AI2 EUR - 10.74 0.01 0.09 10.74 9.85 - LU1960220827 - -
Class A2 USD None 37.58 0.13 0.35 37.58 31.23 - LU0171279184 - -
Class D4 Hedged GBP Annual 11.59 0.00 0.00 11.59 10.61 - LU1376384365 - -
Class D2 EUR None 33.02 0.00 0.00 33.02 30.23 - LU0297941469 - -
Class A3 USD Monthly 25.39 0.08 0.32 25.39 21.10 - LU0172748641 - -
Class C2 USD None 28.42 0.10 0.35 28.42 23.82 - LU0331283399 - -
Class A2 Hedged PLN None 116.40 -0.01 -0.01 116.41 106.26 - LU1499592381 - -
Class I4 Hedged GBP Annual 11.62 0.00 0.00 11.62 10.64 - LU1376384282 - -
Class I4 EUR Annual 10.87 0.00 0.00 10.87 9.98 - LU1808491655 - -
Class A4 EUR Annual 28.50 0.00 0.00 28.50 26.16 - LU0430265933 - -
Class D3 USD Monthly 25.47 0.09 0.35 25.47 21.15 - LU0827877639 - -
Class A1 EUR Daily 21.27 0.00 0.00 21.27 19.52 - LU0118259232 - -
Class D2 USD None 39.43 0.13 0.33 39.43 32.69 - LU0827877472 - -
Class E2 USD None 33.70 0.11 0.33 33.70 28.10 - LU0171279937 - -
Class A2 EUR None 31.47 0.00 0.00 31.47 28.88 - LU0050372472 - -
Class I4 Hedged USD Annual 11.54 0.00 0.00 11.54 10.53 - LU1808491812 - -
Class E2 EUR None 28.22 0.00 0.00 28.22 25.99 - LU0090830810 - -
Class S4 EUR Annual 10.90 0.00 0.00 10.90 10.01 - LU1722863484 - -
Class I2 EUR None 15.86 0.00 0.00 15.86 14.51 - LU0368229703 - -
Class A3 EUR Monthly 21.26 0.00 0.00 21.26 19.51 - LU0172396516 - -
Class C2 EUR None 23.80 0.00 0.00 23.80 22.03 - LU0147393358 - -
Class I2 Hedged USD None 12.74 0.00 0.00 12.74 11.58 - LU1376384100 - -
Class E5 EUR Quarterly 26.33 0.00 0.00 26.33 24.25 - LU0500207468 - -
Class D2 Hedged USD None 14.98 -0.01 -0.07 14.99 13.63 - LU0869640077 - -
Class I2 Hedged JPY None 1,119.00 0.00 0.00 1,119.00 1,023.00 - LU1668661629 - -
Class A2 Hedged USD None 14.57 0.00 0.00 14.57 13.29 - LU0869650977 - -
Class D2 Hedged CHF None 12.70 0.00 0.00 12.70 11.66 - LU1266592374 - -
Class A2 Hedged JPY None 1,101.00 0.00 0.00 1,101.00 1,010.00 - LU1668663914 - -
Class I2 Hedged CHF None 11.30 0.00 0.00 11.30 10.37 - LU1180456292 - -
Class X2 EUR None 35.60 0.00 0.00 35.60 32.46 - LU0298377911 - -
Class A2 CZK None 824.28 0.71 0.09 858.00 761.34 - LU1791174284 - -

Portfolio Managers

Portfolio Managers

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

     

Literature

Literature