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

Chart

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  1y 3y 5y 10y Incept.
-1.48 2.72 3.53 2.99 3.66
-6.40 0.98 2.47 2.47 3.25
Benchmark (%)

as of 31-Jul-2022

-0.62 3.31 4.06 3.33 4.41
  YTD 6m 1y 3y 5y 10y Incept.
-2.75 -1.76 -1.48 8.38 18.93 34.31 59.08
-7.61 -6.67 -6.40 2.96 12.98 27.60 51.13
Benchmark (%)

as of 31-Jul-2022

-2.11 -1.09 -0.62 10.25 22.00 38.79 74.50
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 11-Aug-2022 USD 385.090
Base Currency U.S. Dollar
Fund Inception 19-Jun-2009
Share Class Currency U.S. Dollar
Share Class Inception Date 01-Sep-2009
Additional Currencies Euro
Asset Class Fixed Income
Morningstar Category Global Inflation-Linked Bond - USD Hedged
Benchmark BBG Bar World Govt. Inflation-Linked 1-20yr USD Hedged
Distribution Frequency N/A
ISIN LU0448666684
Bloomberg Ticker BGFFLD2
Management Fee (incl. Distribution Fee, if any) 0.40%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 29-Jul-2022 2.29
Modified Duration as of 29-Jul-2022 6.46
Effective Duration as of 29-Jul-2022 6.35yrs
3y Volatility as of 31-Jul-2022 4.50
5Y Annualised Volatility as of 31-Jul-2022 3.83
Since Share Inception – Annualised Volatility as of 31-Jul-2022 4.28
Since Share Inception - Beta as of 31-Jul-2022 0.95

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 29-Jul-2022
Name Weight (%)
UMBS 30YR TBA(REG A) 4.51
TREASURY (CPI) NOTE 0.125 10/15/2026 2.57
TREASURY (CPI) NOTE 0.125 04/15/2026 2.25
TREASURY (CPI) NOTE 0.875 01/15/2029 2.14
TREASURY (CPI) NOTE 0.625 01/15/2024 2.13
Name Weight (%)
TREASURY (CPI) NOTE 0.375 07/15/2027 1.97
TREASURY (CPI) NOTE 0.125 01/15/2032 1.94
UK I/L GILT 0.125 03/22/2024 1.94
TREASURY (CPI) NOTE 0.125 07/15/2024 1.93
TREASURY (CPI) NOTE 0.125 01/15/2031 1.92

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jul-2022

% of Weight

Type Fund Benchmark Net
as of 29-Jul-2022

% of Weight

Type Fund Benchmark Net
as of 29-Jul-2022

% 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

Ratings

Morningstar Rating

4 stars
As of 31-Jul-2022

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
D2 USD N/A 17.34 -0.02 -0.12 11-Aug-2022 LU0448666684
D3 USD Monthly 16.24 -0.02 -0.12 11-Aug-2022 LU0827882555
A2 Hedged EUR N/A 14.22 -0.02 -0.14 11-Aug-2022 LU0425308169
A3 USD Monthly 16.07 -0.02 -0.12 11-Aug-2022 LU0425308243
A2 USD N/A 16.55 -0.03 -0.18 11-Aug-2022 LU0425308086
D2 Hedged EUR N/A 14.90 -0.02 -0.13 11-Aug-2022 LU0448666502

Portfolio Managers

Portfolio Managers

Christopher Allen
Christopher Allen
David Rogal
David Rogal

Documents

Documents