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.
-0.05 1.07 0.95 0.48 1.93
-5.05 -0.64 -0.08 -0.03 1.74
  YTD 6m 1y 3y 5y 10y Incept.
-0.01 -0.01 -0.05 3.26 4.87 4.91 69.43
-5.01 -5.01 -5.05 -1.90 -0.38 -0.34 60.95
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 30-Jul-2021 USD 499.950
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 30-Jun-2021 0.29
5yr Volatility as of 30-Jun-2021 0.24
Since Share Inception – Volatility as of 30-Jun-2021 0.91
Since Share Inception - Beta as of 30-Jun-2021 0.78
1-Day Yield as of 30-Jul-2021 0.00%
Weighted Average Maturity as of 29-Jul-2021 52 days
Weighted Average Life as of 29-Jul-2021 77 days

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.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’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-Jun-2021 0.00%
MSCI - UN Global Compact Violators as of 30-Jun-2021 0.00%
MSCI - Nuclear Weapons as of 30-Jun-2021 0.00%
MSCI - Thermal Coal as of 30-Jun-2021 0.00%
MSCI - Civilian Firearms as of 30-Jun-2021 0.00%
MSCI - Oil Sands as of 30-Jun-2021 0.00%
MSCI - Tobacco as of 30-Jun-2021 0.00%

Business Involvement Coverage as of 30-Jun-2021 79.97%
Percentage of Fund not covered as of 30-Jun-2021 20.13%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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 30-Jun-2021

% of Weight

Type Fund
as of 29-Jul-2021

% of Weight

Type Fund
as of 29-Jul-2021

% 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 158.24 0.00 0.00 30-Jul-2021 LU0006061419
D2 Hedged GBP N/A 190.08 0.00 0.00 30-Jul-2021 LU0329591720
A2 Hedged GBP N/A 188.59 0.00 0.00 30-Jul-2021 LU0297945965

Portfolio Managers

Portfolio Managers

Edward Ingold CFA
Edward Ingold CFA
Christopher Linsky
Christopher Linsky

Documents

Documents