Fixed Income

BGF Global Inflation Linked Bond 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

Performance

Performance

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Performance chart data not available for display.
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  1y 3y 5y 10y Incept.
1.59 1.14 1.75 2.49 2.99
-3.49 -0.58 0.71 1.97 2.53
  YTD 6m 1y 3y 5y 10y Incept.
-1.61 -0.42 1.59 3.46 9.07 27.91 40.70
-6.53 -5.40 -3.49 -1.72 3.62 21.51 33.67
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 05-Mar-2021 USD 238.990
Base Currency U.S. Dollar
Fund Inception 19-Jun-2009
Share Class Currency Euro
Share Class Inception Date 23-Jul-2009
Additional Currencies U.S. Dollar
Asset Class Fixed Income
Morningstar Category Global Inflation-Linked Bond - EUR Hedged
Benchmark BBG Bar World Govt. Inflation-Linked 1-20yr USD Hedged
Distribution Frequency N/A
ISIN LU0425308169
Bloomberg Ticker BGFIA2E
Management Fee (incl. Distribution Fee, if any) 0.75%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 26-Feb-2021 0.71
Modified Duration as of 26-Feb-2021 6.82
Effective Duration as of 26-Feb-2021 6.81yrs
3y Volatility as of 28-Feb-2021 3.40
5yr Volatility as of 28-Feb-2021 4.11
Since Share Inception – Volatility as of 28-Feb-2021 4.25
Since Share Inception - Beta as of 28-Feb-2021 0.95

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 05-Feb-2021 A
MSCI ESG Quality Score (0-10) as of 05-Feb-2021 6.02
MSCI ESG Quality Score - Peer Percentile as of 05-Feb-2021 32.08
MSCI ESG % Coverage as of 05-Feb-2021 99.04
Fund Lipper Global Classification as of 05-Feb-2021 Bond Global Inflation Linked
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 05-Feb-2021 4.77
Funds in Peer Group as of 05-Feb-2021 53
All data is from MSCI ESG Fund Ratings as of 05-Feb-2021, based on holdings as of 31-Aug-2020. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

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 includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Holdings

Holdings

as of 26-Feb-2021
Name Weight (%)
TREASURY (CPI) NOTE 0.875 01/15/2029 3.14
TREASURY (CPI) NOTE 0.375 07/15/2023 2.86
TREASURY (CPI) NOTE 0.25 07/15/2029 2.46
TREASURY (CPI) NOTE 0.625 04/15/2023 2.41
TREASURY (CPI) NOTE 0.125 07/15/2026 2.38
Name Weight (%)
ITALY (REPUBLIC OF) 1.3 05/15/2028 2.38
TREASURY BOND 1.375 11/15/2040 2.28
TREASURY (CPI) NOTE 0.375 01/15/2027 2.25
TREASURY (CPI) NOTE 0.5 01/15/2028 2.24
TREASURY (CPI) NOTE 0.125 07/15/2030 2.04

Exposure Breakdowns

Exposure Breakdowns

as of 26-Feb-2021

% of Weight

Type Fund Benchmark Net
as of 26-Feb-2021

% of Weight

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 26-Feb-2021

% of Weight

Type Fund Benchmark Net
as of 26-Feb-2021

% of Weight

Type Fund Benchmark Net
as of 26-Feb-2021

% of Weight

Type Fund Benchmark Net
as of 26-Feb-2021

% of Weight

Type Fund Benchmark Net
as of 26-Feb-2021

% of Weight

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.
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 Hedged EUR N/A 14.14 -0.03 -0.21 05-Mar-2021 LU0425308169
D2 USD N/A 16.89 -0.03 -0.18 05-Mar-2021 LU0448666684
D3 USD Monthly 15.83 -0.03 -0.19 05-Mar-2021 LU0827882555
A3 USD Monthly 15.73 -0.04 -0.25 05-Mar-2021 LU0425308243
A2 USD N/A 16.21 -0.03 -0.18 05-Mar-2021 LU0425308086
D2 Hedged EUR N/A 14.74 -0.03 -0.20 05-Mar-2021 LU0448666502

Portfolio Managers

Portfolio Managers

Christopher Allen
Christopher Allen
Emanuella Enenajor
Emanuella Enenajor

Documents

Documents