Fixed Income

BGF Global Bond Income 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.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Asset backed securities and mortgage backed securities are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.
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

- - - 6.86 0.36
  1y 3y 5y 10y Incept.
0.36 - - - 3.18
  YTD 1m 3m 1y 3y 5y 10y Incept.
-1.00 -0.41 2.17 0.36 - - - 7.14

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 22-Oct-20 USD 133.539
12m Trailing Yield as of 30-Sep-20 4.92
Number of Holdings as of 30-Sep-20 603
Base Currency USD
Fund Launch Date 16-Jul-18
Inception Date 16-Jul-18
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - USD Hedged
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.22%
ISIN LU1842103472
Bloomberg Ticker BGFBIA6
Annual Management Fee 1.00%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BFWGQN5
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of - -
3y Beta as of - -
5y Volatility - Benchmark as of - -
5y Beta as of - -
Weighted Average YTM as of 30-Sep-20 3.72%
Modified Duration as of 30-Sep-20 4.38
Effective Duration as of 30-Sep-20 2.56
Weighted Avg Maturity as of 30-Sep-20 6.72
WAL to Worst as of 30-Sep-20 6.72
Option Adjusted Spread as of 30-Sep-20 337.34
Average Credit Rating as of 30-Sep-20 BBB+
Spread Duration as of 30-Sep-20 4.27

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 1.82%
MSCI - Nuclear Weapons as of 30-Sep-20 0.00%
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 0.00%
MSCI - Tobacco as of 30-Sep-20 0.00%
MSCI Business Involvement % Coverage as of 30-Sep-20 33.09%
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 0.34% and for Oil Sands 0.00%.

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

Holdings

Holdings

as of 30-Sep-20
Name Weight (%)
FHLMC 30YR UMBS SUPER 3.69
TREASURY NOTE 1.5 08/31/2021 2.32
TREASURY NOTE 1.375 04/30/2021 2.32
FNMA 30YR 2019 PRODUCTION 1.97
TREASURY NOTE 0.625 08/15/2030 1.52
Name Weight (%)
FHLMC 15YR UMBS SUPER 1.50
TREASURY NOTE 1.75 11/15/2029 1.48
TREASURY BOND 2 02/15/2050 1.43
TREASURY BOND 2.375 11/15/2049 1.27
FNMA 30YR 4% SHLB 175K 2019 1.07
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-20

% of Market Value

Type Fund
as of 30-Sep-20

% of Market Value

Type Fund
as of 30-Sep-20

% of Market Value

Type Fund
as of 30-Sep-20

% of Market Value

Type Fund
as of 30-Sep-20

% of Market Value

Type Fund
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 A6 USD Monthly 9.81 0.00 0.00 10.33 8.61 - LU1842103472 - -
Class E5 Hedged EUR - 9.51 -0.01 -0.11 10.06 8.29 - LU1864663577 - -
Class A8 Hedged CNH Monthly 98.52 -0.01 -0.01 103.06 85.70 - LU1978683685 - -
Class X2 USD USD - - - - - - - LU1842104017 - -
Class D2 CHF Hedged CHF None 10.18 -0.01 -0.10 10.50 8.74 - LU1842103712 - -
Class I2 USD - 10.96 -0.01 -0.05 11.11 9.30 - LU1864663734 - -
Class D2 EUR Hedged EUR None 10.26 -0.01 -0.10 10.57 8.79 - LU1842103639 - -
Class A6 Hedged CAD Monthly 9.64 -0.01 -0.10 10.23 8.49 - LU1978682950 - -
Class I2 Hedged EUR - 10.35 -0.01 -0.05 10.65 8.86 - LU1864663908 - -
Class D2 EUR None 9.22 0.03 0.33 10.24 8.58 - LU1864663650 - -
Class A6 Hedged NZD Monthly 9.59 -0.01 -0.10 10.21 8.45 - LU1978683412 - -
Class A2 USD None 10.79 0.00 0.00 10.99 9.19 - LU1842103399 - -
Class A6 Hedged SGD Monthly 9.62 -0.01 -0.10 10.20 8.47 - LU1978683172 - -
Class I2 EUR - 9.24 -0.04 -0.40 10.28 8.62 - LU1864663817 - -
Class A6 Hedged AUD Monthly 9.56 -0.01 -0.10 10.20 8.43 - LU1978683339 - -
Class I2 BRL Hedged (USD) USD - 7.34 0.00 0.00 10.14 6.44 - LU2008661345 - -
Class D2 USD USD None 10.90 0.00 0.00 11.07 9.26 - LU1842103555 - -
Class Z2 Hedged CHF - 10.34 0.00 0.00 10.64 8.85 - LU1893598968 - -
Class A6 Hedged GBP Monthly 9.52 0.00 0.00 10.14 8.41 - LU1978683255 - -
Class E2 EUR Hedged EUR - 10.04 0.00 0.00 10.41 8.65 - LU1842103985 - -
Class A6 Hedged HKD Monthly 97.55 -0.04 -0.04 102.69 85.45 - LU1978682877 - -
Class AI2 EUR - 9.88 -0.04 -0.40 11.04 9.25 - LU1960222526 - -
Class AI2 Hedged EUR - 10.08 -0.01 -0.06 10.41 8.65 - LU1960222369 - -
Class A6 Hedged EUR Monthly 9.40 -0.01 -0.11 10.08 8.33 - LU1978683099 - -
Class D2 GBP Hedged GBP None 10.48 0.00 0.00 10.76 8.96 - LU1842103803 - -
Class Z2 Hedged EUR - 10.41 0.00 0.00 10.71 8.91 - LU1893598885 - -
Class AI5 Hedged EUR - 9.63 -0.01 -0.06 10.18 8.38 - LU1960222443 - -
Class Z2 USD - 10.98 0.00 0.00 11.13 9.31 - LU1893598703 - -

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.

Amer Bisat
Amer Bisat
Robert Wuertz
Robert Wuertz

Literature

Literature