Cash

BGF US Dollar Reserve Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. Derivatives may be 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.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 0.0 0.0 0.2 0.7 1.6 2.0 0.4 0.0 1.4 4.8
Comparator Benchmark 1 (%) 0.0 0.0 0.3 0.9 1.8 2.1 0.3 0.0 1.6 5.0

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
5.11 3.16 2.05 1.42 2.04
Comparator Benchmark 1 (%) 5.31 3.37 2.18 1.54 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.35 0.43 1.27 2.51 5.11 9.77 10.69 15.20 85.98
Comparator Benchmark 1 (%) 3.51 0.43 1.31 2.64 5.31 10.47 11.37 16.54 -
  From
30.06.2019
To
30.06.2020
From
30.06.2020
To
30.06.2021
From
30.06.2021
To
30.06.2022
From
30.06.2022
To
30.06.2023
From
30.06.2023
To
30.06.2024
Total Return (%)

as of 30.Jun.2024

1.25 -0.05 0.02 3.57 5.04
Comparator Benchmark 1 (%)

as of 30.Jun.2024

1.22 -0.03 0.21 3.79 5.29

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

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

Net Assets of Fund
as of 04.Oct.2024
USD 561,630,279
Fund Launch Date
30.Nov.1993
Fund Base Currency
USD
Comparator Benchmark 1
Secured Overnight Financing Rate (SOFR)
Initial Charge
0.00
Management Fee
0.45%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MIGSDRI
Share Class launch date
30.Nov.1993
Share Class Currency
USD
Asset Class
Cash
SFDR Classification
Other
Ongoing Charges Figures
0.54%
ISIN
LU0006061419
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
USD Money Market - Short Term
Dealing Frequency
Daily, forward pricing basis
SEDOL
0938952

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30.Aug.2024
140
Weighted Average Life
as of 01.Oct.2024
46 days
1-Day Yield
as of 04.Oct.2024
3.54%
Weighted Average Maturity
as of 01.Oct.2024
34 days
3y Beta
as of 31.Aug.2024
1.01

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager considers ESG information in the research, security selection and portfolio review stages of the investment process. The Fund manager conducts bi-weekly credit meetings, wherein each credit is examined through an internal relative value analysis, which contains qualitative governance considerations combined with environmental, societal and governance metrics derived from third-party data providers, where available. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, where appropriate.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Holdings

Holdings

Name Type Market Value Weight (%) Nominal Local Market Value ISIN Maturity Maturity/Reset
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30.Aug.2024

% of Market Value

Type Fund Benchmark Net
as of 03.Oct.2024

% of Market Value

Type Fund
as of 03.Oct.2024

% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A2 USD 174.53 0.02 0.01 04.Oct.2024 174.53 166.03 LU0006061419
Class D2 Hedged GBP 207.68 0.03 0.01 04.Oct.2024 207.68 197.79 LU0329591720
Class A2 Hedged GBP 205.04 0.02 0.01 04.Oct.2024 205.04 195.67 LU0297945965
Class X2 USD 11.97 0.00 0.01 04.Oct.2024 11.97 11.34 LU0462857789

Portfolio Managers

Portfolio Managers

Edward Ingold CFA
Edward Ingold CFA

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 1 years
Example Investment USD 10,000
Scenario
If you exit after 1 year

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
9,980 USD
-0.2%

Unfavourable

What you might get back after costs
Average return each year
9,990 USD
-0.1%

Moderate

What you might get back after costs
Average return each year
10,070 USD
0.7%

Favourable

What you might get back after costs
Average return each year
10,510 USD
5.1%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.