Cash

BGF US Dollar Reserve Fund

Overview

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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
A Money Market Fund (MMF) is not a guaranteed investment vehicle. An investment in MMFs is different from an investment in deposits; the principal invested in an MMF is capable of fluctuation and the risk of loss of the principal is to be borne by the investor. The MMF does not rely on external support for guaranteeing the liquidity of the MMF or stabilising the NAV per share. Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. Loss of Capital: an automatic share redemption may occur which will reduce the number of shares held by each investor. This share redemption will result in a loss of capital to investors. Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.

Performance

Performance

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  1y 3y 5y 10y Incept.
0.11 0.37 0.87 0.49 1.86
-4.90 -1.33 -0.16 -0.02 1.68
  YTD 6m 1y 3y 5y 10y Incept.
0.12 0.13 0.11 1.11 4.42 5.03 69.60
-4.88 -4.88 -4.90 -3.94 -0.80 -0.22 61.12
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

Key Facts

Key Facts

Size of Fund (Millions) as of 09-Aug-2022 USD 515.721
Base Currency U.S. Dollar
Fund Inception 30-Nov-1993
Share Class Currency U.S. Dollar
Share Class Inception Date 30-Nov-1993
Additional Currencies British Pound
Asset Class Cash
Morningstar Category USD Money Market - Short Term
Distribution Frequency N/A
ISIN LU0006061419
Bloomberg Ticker MIGSDRI
Management Fee (incl. Distribution Fee, if any) 0.45%
Initial Charge 0.00%

According to the latest BGF prospectus, the management fee of the Fund is 0.45%. The management fee mentioned above is inclusive of a management fee waiver applied to the Fund. The amount of management fee waiver applied to a particular Share Class may fluctuate from day to day and may be discontinued at any time.

Portfolio Characteristics

Portfolio Characteristics

3y Volatility as of 31-Jul-2022 0.20
5Y Annualised Volatility as of 31-Jul-2022 0.26
Since Share Inception – Annualised Volatility as of 31-Jul-2022 0.90
1-Day Yield as of 09-Aug-2022 1.84%
Weighted Average Maturity as of 08-Aug-2022 16 days
Weighted Average Life as of 08-Aug-2022 75 days

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG 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. 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.

Holdings

Holdings

Name Type Weight (%) Shares Market Value ISIN CUSIP Coupon (%) Maturity Location Maturity/Reset

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jul-2022

% of Weight

Type Fund
as of 08-Aug-2022

% of Weight

Type Fund
as of 08-Aug-2022

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Ratings

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
A2 USD N/A 158.51 0.02 0.01 09-Aug-2022 LU0006061419
A2 Hedged GBP N/A 188.55 0.01 0.01 09-Aug-2022 LU0297945965
D2 Hedged GBP N/A 190.15 0.02 0.01 09-Aug-2022 LU0329591720

Portfolio Managers

Portfolio Managers

Edward Ingold CFA
Edward Ingold CFA
Christopher Linsky
Christopher Linsky

Documents

Documents