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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Reinvestments

 
  1y 3y 5y 10y Incept.
1.60 0.24 1.98 3.01 3.14
-3.48 -1.46 0.94 2.48 2.77
Benchmark (%) 2.24 0.82 2.53 3.43 3.81
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.06 1.12 0.06 4.27 1.60 0.71 10.32 34.54 56.88
-4.94 -3.93 -4.94 -0.95 -3.48 -4.33 4.81 27.81 49.04
Benchmark (%) 0.04 1.09 0.04 4.76 2.24 2.49 13.30 40.16 72.43
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.

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 USD, 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 19-Apr-2024 USD 201,874,157
Share Class Inception Date 01-Sept-2009
Fund Inception 19-Jun-2009
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
Benchmark BBG Bar World Govt. Inflation-Linked 1-20yr USD Hedged
SFDR Classification Other
Initial Charge 5.00%
ISIN LU0448666684
Management Fee (incl. Distribution Fee, if any) 0.40%
Performance Fee 0.00%
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Inflation-Linked Bond - USD Hedged
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFFLD2
SEDOL B41P6J2
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28-Mar-2024 155
Standard Deviation (3y) as of 31-Mar-2024 6.16%
3y Beta as of 31-Mar-2024 0.966
Yield to Maturity as of 28-Mar-2024 4.02
Modified Duration as of 28-Mar-2024 6.32
Effective Duration as of 28-Mar-2024 6.20yrs
Weighted Avg Maturity as of 28-Mar-2024 7.97
WAL to Worst as of 28-Mar-2024 7.97
5Y Annualised Volatility as of 31-Mar-2024 5.36
Since Share Inception – Annualised Volatility as of 31-Mar-2024 4.68

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.

Holdings

Holdings

as of 28-Mar-2024
Name Weight (%)
UMBS 30YR TBA(REG A) 5.31
TREASURY (CPI) NOTE 2.375 10/15/2028 2.82
TREASURY (CPI) NOTE 0.125 01/15/2032 1.89
TREASURY (CPI) NOTE 1.125 01/15/2033 1.86
TREASURY (CPI) NOTE 0.625 01/15/2026 1.82
Name Weight (%)
TREASURY (CPI) NOTE 0.625 07/15/2032 1.82
TREASURY (CPI) NOTE 0.375 07/15/2025 1.78
TREASURY (CPI) NOTE 1.375 07/15/2033 1.78
TREASURY (CPI) NOTE 0.125 07/15/2030 1.76
TREASURY (CPI) NOTE 0.375 01/15/2027 1.75

Exposure Breakdowns

Exposure Breakdowns

as of 28-Mar-2024

% of Weight

Type Fund Benchmark Net
as of 28-Mar-2024

% of Weight

Type Fund Benchmark Net
as of 28-Mar-2024

% 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 28-Mar-2024

% of Weight

Type Fund Benchmark Net
as of 28-Mar-2024

% 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%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
D2 USD 16.93 0.00 0.00 19-Apr-2024 17.16 16.11 LU0448666684
A2 USD 16.07 0.00 0.00 19-Apr-2024 16.31 15.31 LU0425308086
D2 Hedged EUR 13.94 -0.01 -0.07 19-Apr-2024 14.21 13.39 LU0448666502
D3 USD 15.74 -0.01 -0.06 19-Apr-2024 16.00 15.02 LU0827882555
A3 USD 15.58 0.00 0.00 19-Apr-2024 15.83 14.86 LU0425308243
A2 Hedged EUR 13.23 0.00 0.00 19-Apr-2024 13.50 12.73 LU0425308169

Ratings

Ratings

Morningstar Rating

5 stars
As of 31-Mar-2024

Portfolio Managers

Portfolio Managers

David Rogal
David Rogal
Johan Sjogren
Johan Sjogren
Harrison Segall
Harrison Segall

Documents

Documents