Fixed Income

BGF Global Corporate 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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Distributions

Ex-Date Total Distribution
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This chart shows the product's performance as the percentage loss or gain per year over the last 6 years.

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) GBP 10,7 6,5 -1,8 -15,4 8,5 3,4
Constraint Benchmark 1 (%) USD 12,5 8,3 -0,8 -14,1 9,1 3,7

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

  1y 3y 5y 10y Incept.
5,92 6,28 0,04 - 2,06
Constraint Benchmark 1 (%) USD 5,84 6,40 0,76 - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7,17 0,31 2,29 4,75 5,92 20,06 0,22 - 16,70
Constraint Benchmark 1 (%) USD 7,18 0,41 2,21 4,72 5,84 20,47 3,84 - -
  From
30.09.2020
To
30.09.2021
From
30.09.2021
To
30.09.2022
From
30.09.2022
To
30.09.2023
From
30.09.2023
To
30.09.2024
From
30.09.2024
To
30.09.2025
Total Return (%) GBP

as of 30.Sept.2025

1,47 -18,29 4,35 12,48 4,25
Constraint Benchmark 1 (%) USD

as of 30.Sept.2025

1,92 -16,67 4,61 13,26 4,45

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

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 05.Dec.2025
USD 1 522 601 650
Fund Launch Date
19.Oct.2007
Fund Base Currency
USD
Constraint Benchmark 1
BBG Global Agg Corporate Index, 100% USD Hedged (USD)
Initial Charge
5,00
Management Fee
0,40%
Performance Fee
0,00%
Minimum Subsequent Investment
USD 1 000,00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGCD5GH
Share Class launch date
02.May.2018
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0,59%
ISIN
LU1814255474
Minimum Initial Investment
USD 100 000,00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Global Corporate Bond - GBP Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
BD9C1V5

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28.Nov.2025
3
Standard Deviation (3y)
as of 30.Nov.2025
5,57%
Yield to Maturity
as of 28.Nov.2025
4,68%
Weighted Average YTM
as of 28.Nov.2025
4,37%
Weighted Avg Maturity
as of 28.Nov.2025
8,65
12 Month Trailing Dividend Distribution Yield
as of 30.Nov.2025
3,87
3y Beta
as of 30.Nov.2025
1,01
Modified Duration
as of 28.Nov.2025
6,14
Effective Duration
as of 28.Nov.2025
5,83
WAL to Worst
as of 28.Nov.2025
8,65 Jahre

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

3 stars
Overall Morningstar Rating for BGF Global Corporate Bond Fund, Class D5 Hedged, as of 30.Nov.2025 rated against 231 Global Corporate Bond - GBP Hedged Funds.

Holdings

Holdings

as of 28.Nov.2025
Name Weight (%)
UMBS 30YR TBA(REG A) 3,58
BEIGNET INVESTOR LLC 144A 6.581 05/30/2049 1,81
MORGAN STANLEY 5.466 01/18/2035 1,26
BROADCOM INC 4.8 02/15/2036 1,21
WILLIAMS COMPANIES INC 4.625 06/30/2030 1,02
Name Weight (%)
OHIO POWER CO 5.65 06/01/2034 0,98
EMD FINANCE LLC 144A 5 10/15/2035 0,95
VIRGINIA ELECTRIC AND POWER COMPAN 5.15 03/15/2035 0,93
VOLKSWAGEN INTERNATIONAL FINANCE N RegS 4.625 12/31/2079 0,93
UNICREDIT SPA MTN RegS 4 03/05/2034 0,92
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Nov.2025

% of Market Value

Type Fund Benchmark Net
as of 28.Nov.2025

% of Market Value

Type Fund Benchmark Net
as of 28.Nov.2025

% of Market Value

Type Fund Benchmark Net
as of 28.Nov.2025

% of Market Value

Type Fund Benchmark Net
as of 28.Nov.2025

% 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 D5 Hedged GBP 9,53 -0,01 -0,10 05.Dec.2025 9,60 9,05 LU1814255474
Class A10 Hedged ZAR 98,62 -0,10 -0,10 05.Dec.2025 100,15 96,08 LU2725777655
Class A10 Hedged CNH 100,17 -0,11 -0,11 05.Dec.2025 102,88 98,65 LU2708803395
Class A6 Hedged SGD 8,22 -0,01 -0,12 05.Dec.2025 8,43 8,09 LU1435395121
Class A6 Hedged JPY 918,00 -1,00 -0,11 05.Dec.2025 960,00 912,00 LU2725777739
Class D2 USD 17,45 -0,02 -0,11 05.Dec.2025 17,52 16,04 LU0326960662
Class A5 USD 10,65 -0,01 -0,09 05.Dec.2025 10,72 10,09 LU0825403933
Class A6 USD 9,97 -0,01 -0,10 05.Dec.2025 10,09 9,59 LU0788109634
Class A2 USD 16,18 -0,02 -0,12 05.Dec.2025 16,25 14,93 LU0297942194
Class A8 Hedged CNH 89,78 -0,10 -0,11 05.Dec.2025 90,57 85,73 LU1220227653
Class I2 USD 13,51 -0,02 -0,15 05.Dec.2025 13,56 12,41 LU1181254019
Class I2 Hedged EUR 10,54 -0,02 -0,19 05.Dec.2025 10,61 9,88 LU1625162489
Class A4 Hedged EUR 7,75 -0,01 -0,13 05.Dec.2025 7,94 7,56 LU0303846876
Class A8 Hedged AUD 9,79 -0,01 -0,10 05.Dec.2025 9,90 9,42 LU0871639976
Class A8 Hedged NZD 8,57 -0,01 -0,12 05.Dec.2025 8,67 8,30 LU1149717313
Class A10 USD 10,29 -0,01 -0,10 05.Dec.2025 10,43 10,01 LU2708803122
Class A3G USD 10,40 -0,01 -0,10 05.Dec.2025 10,53 10,00 LU2620702048
Class A3 Hedged NZD 11,17 -0,01 -0,09 05.Dec.2025 11,30 10,77 LU0803752475
Class A2 Hedged EUR 12,83 -0,02 -0,16 05.Dec.2025 12,92 12,08 LU0297942434
Class A6 Hedged HKD 70,50 -0,08 -0,11 05.Dec.2025 71,61 68,95 LU0788109550
Class D2 Hedged GBP 11,11 -0,01 -0,09 05.Dec.2025 11,16 10,24 LU1222731728
Class X2 Hedged NOK 120,18 -0,13 -0,11 05.Dec.2025 120,59 111,15 LU1806518616
Class X2 Hedged EUR 15,27 -0,02 -0,13 05.Dec.2025 15,36 14,26 LU0414062249
Class X4 Hedged GBP 8,54 -0,01 -0,12 05.Dec.2025 8,80 8,23 LU0414062165
Class D2 Hedged EUR 13,82 -0,02 -0,14 05.Dec.2025 13,91 12,97 LU0326951752
Class A3 Hedged AUD 10,79 -0,01 -0,09 05.Dec.2025 10,91 10,35 LU0816460074
Class X2 USD 19,24 -0,02 -0,10 05.Dec.2025 19,31 17,60 LU0434566104
Class A3 Hedged GBP 9,63 -0,01 -0,10 05.Dec.2025 9,73 9,20 LU0816460231
Class I2 Hedged CAD 12,71 -0,01 -0,08 05.Dec.2025 12,79 11,86 LU1153585614
Class A3 Hedged CAD 10,08 -0,01 -0,10 05.Dec.2025 10,20 9,76 LU0816460157
Class A2 Hedged SEK 102,73 -0,11 -0,11 05.Dec.2025 103,44 96,92 LU1162516634
Class I4 Hedged GBP 9,31 -0,01 -0,11 05.Dec.2025 9,51 8,92 LU1403442228

Portfolio Managers

Portfolio Managers

Max Huefner
Managing Director

Max Huefner, Managing Director, is a Senior Portfolio Manager and the Head of Global Credit as well as European Investment Grade within BlackRock's Global Fixed Income group

Daniel Chen
Managing Director

Daniel Chen, Managing Director, is Co-Head of US Investment Grade Credit for Global Fixed Income and the lead portfolio manager for the US Investment Grade Credit and Long Duration strategies.

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.
Example Investment GBP 10 000
Scenarios
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
7 740 GBP
-22,6%
6 990 GBP
-11,2%

Unfavourable

What you might get back after costs
Average return each year
7 740 GBP
-22,6%
8 130 GBP
-6,7%

Moderate

What you might get back after costs
Average return each year
9 870 GBP
-1,3%
10 330 GBP
1,1%

Favourable

What you might get back after costs
Average return each year
10 690 GBP
6,9%
11 790 GBP
5,6%

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



ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Literature

Literature

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