Fixed Income

BGF Global Inflation Linked Bond 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.

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 (%) 8.1 -2.1 7.3 0.9 -2.6 3.0 3.9 3.4 -11.4 2.4
Constraint Benchmark 1 (%) 9.0 -1.1 10.2 3.1 1.0 6.9 6.4 5.5 -8.5 5.7

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

  1y 3y 5y 10y Incept.
1.14 -2.49 -0.59 0.60 1.96
Constraint Benchmark 1 (%) 3.69 0.27 2.03 3.17 3.94
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.52 0.45 -0.15 -0.52 1.14 -7.29 -2.91 6.12 33.60
Constraint Benchmark 1 (%) 0.29 0.35 0.25 0.29 3.69 0.83 10.55 36.62 78.11
  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

0.65 4.04 -4.44 -4.07 1.14
Constraint Benchmark 1 (%)

as of 30.Jun.2024

4.52 4.90 -2.23 -0.54 3.69

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 EUR, 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 22.Jul.2024
USD 190,454,158
Fund Launch Date
19.Jun.2009
Fund Base Currency
USD
Constraint Benchmark 1
BBG WGILB All Markets 1-20Yrs 100% Hedged to USD Index
Initial Charge
5.00
ISIN
LU0425308169
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGFIA2E
Share Class launch date
23.Jul.2009
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.95%
Annual Management Fee
0.75%
Minimum Initial Investment
EUR 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Inflation-Linked Bond - EUR Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
B45H199

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28.Jun.2024
134
3y Beta
as of 30.Jun.2024
0.98
Modified Duration
as of 28.Jun.2024
6.83
Effective Duration
as of 28.Jun.2024
6.78
WAL to Worst
as of 28.Jun.2024
7.75 Jahre
Standard Deviation (3y)
as of 30.Jun.2024
6.29%
Yield to Maturity
as of 28.Jun.2024
4.12%
Weighted Average YTM
as of 28.Jun.2024
1.93%
Weighted Avg Maturity
as of 28.Jun.2024
7.75

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 includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

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

4 stars
Overall Morningstar Rating for BGF Global Inflation Linked Bond Fund, Class A2 Hedged, as of 30.Jun.2024 rated against 179 Global Inflation-Linked Bond - EUR Hedged Funds.

Holdings

Holdings

as of 28.Jun.2024
Name Weight (%)
UMBS 30YR TBA(REG A) 3.21
TREASURY (CPI) NOTE 0.625 01/15/2026 2.09
TREASURY (CPI) NOTE 0.375 07/15/2025 1.96
TREASURY (CPI) NOTE 1.75 01/15/2034 1.85
TREASURY (CPI) NOTE 0.125 01/15/2032 1.85
Name Weight (%)
TREASURY (CPI) NOTE 1.125 01/15/2033 1.80
TREASURY (CPI) NOTE 0.125 07/15/2031 1.79
TREASURY (CPI) NOTE 0.125 07/15/2030 1.77
TREASURY (CPI) NOTE 0.375 01/15/2027 1.75
TREASURY (CPI) NOTE 1.375 07/15/2033 1.73
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Jun.2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun.2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun.2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun.2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun.2024

% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A2 Hedged EUR 13.44 -0.01 -0.07 22.Jul.2024 13.51 12.73 LU0425308169
Class A10 USD 10.07 -0.01 -0.10 22.Jul.2024 10.13 9.94 LU2809353449
Class A2 USD 16.39 -0.01 -0.06 22.Jul.2024 16.48 15.31 LU0425308086
Class I2 USD 10.30 -0.01 -0.10 22.Jul.2024 10.36 9.59 LU2298379822
Class D3 USD 16.04 -0.02 -0.12 22.Jul.2024 16.13 15.02 LU0827882555
Class A3 USD 15.87 -0.02 -0.13 22.Jul.2024 15.96 14.86 LU0425308243
Class X2 Hedged EUR 15.63 -0.01 -0.06 22.Jul.2024 15.71 14.69 LU0425308755
Class D2 Hedged EUR 14.17 -0.02 -0.14 22.Jul.2024 14.26 13.39 LU0448666502
Class D2 USD 17.28 -0.01 -0.06 22.Jul.2024 17.38 16.11 LU0448666684

Portfolio Managers

Portfolio Managers

David Rogal
Managing Director, Portfolio Manager

  

Johan Sjogren
Johan Sjogren
Harrison Segall
Harrison Segall

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 : 3 years
Example Investment EUR 10,000
Scenario
If you exit after 1 year
If you exit after 3 years

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
8,340 EUR
-16.6%
7,090 EUR
-10.8%

Unfavourable

What you might get back after costs
Average return each year
8,420 EUR
-15.8%
8,550 EUR
-5.1%

Moderate

What you might get back after costs
Average return each year
9,560 EUR
-4.4%
9,820 EUR
-0.6%

Favourable

What you might get back after costs
Average return each year
10,480 EUR
4.8%
10,540 EUR
1.8%

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.