Fixed Income

BGF US Dollar Bond Fund

Overview

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Performance

Performance

Chart

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Distributions

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
10.95 -2.19 -0.11 1.30 2.55
5.40 -3.85 -1.13 0.78 2.31
Benchmark (%) 11.57 -1.39 0.33 1.84 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.59 1.16 4.60 5.13 10.95 -6.44 -0.56 13.74 72.30
-0.64 -3.90 -0.63 -0.13 5.40 -11.12 -5.53 8.06 63.68
Benchmark (%) 4.45 1.34 5.20 5.26 11.57 -4.11 1.67 20.04 -

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 6.08 -0.57 2.23 3.47 -1.10 8.90 7.84 -1.98 -14.60 5.01
Benchmark (%) 5.97 0.55 2.65 3.54 0.01 8.72 7.51 -1.54 -13.01 5.53
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

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

Key Facts

Key Facts

Net Assets of Fund
as of 04-Oct-2024
USD 551,068,124
Fund Inception
07-Apr-1989
Fund Base Currency
USD
Benchmark
Bloomberg Barclays US Aggregate Index
Initial Charge
5.00%
ISIN
LU0028835386
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
MERCPIA
MAS ESG Fund
No
Share Class Inception Date
03-Mar-2003
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Management Fee
0.85%
Management Fee (incl. Distribution Fee, if any)
0.85%
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
USD Diversified Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
4580456

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30-Sept-2024
1,527
3y Beta
as of 30-Sept-2024
0.976
Modified Duration
as of 30-Sept-2024
6.37
Weighted Avg Maturity
as of 30-Sept-2024
8.85
5Y Annualised Volatility
as of 30-Sept-2024
6.67
Standard Deviation (3y)
as of 30-Sept-2024
7.58%
Yield to Maturity
as of 30-Sept-2024
4.89
Effective Duration
as of 30-Sept-2024
5.93yrs
WAL to Worst
as of 30-Sept-2024
8.85
Since Share Inception – Annualised Volatility
as of 30-Sept-2024
4.47

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.

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Effective 20-Nov-2023
Analyst-Driven % as of 20-Nov-2023
100.00
Data Coverage % as of 20-Nov-2023
100.00

Holdings

Holdings

as of 30-Sept-2024
Name Weight (%)
UNITED STATES TREASURY 26.48
FEDERAL NATIONAL MORTGAGE ASSOCIATION 10.66
FEDERAL HOME LOAN MORTGAGE CORPORATION 7.18
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 5.80
GOLDMAN SACHS GROUP INC/THE 1.55
Name Weight (%)
JPMORGAN CHASE & CO 1.46
MORGAN STANLEY 1.34
DIAMONDBACK ENERGY INC 1.27
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 1.16
BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 0.94

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sept-2024

% of Weight

Type Fund Benchmark Net
as of 30-Sept-2024

% of Weight

Type Fund Benchmark Net
as of 30-Sept-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
A1 USD 15.27 -0.10 -0.65 04-Oct-2024 15.52 13.97 LU0028835386
A2 Hedged SGD 10.78 -0.07 -0.65 04-Oct-2024 10.95 9.91 LU2699150137
D2 USD 35.76 -0.23 -0.64 04-Oct-2024 36.28 31.43 LU0548367084
D3 USD 15.28 -0.10 -0.65 04-Oct-2024 15.56 14.01 LU0592701923
A2 USD 33.75 -0.22 -0.65 04-Oct-2024 34.25 29.78 LU0096258362
A2 CZK 779.54 -0.95 -0.12 04-Oct-2024 780.49 691.49 LU1791174102
A3 USD 15.29 -0.10 -0.65 04-Oct-2024 15.56 14.01 LU0172417379
D2 Hedged GBP 10.55 -0.07 -0.66 04-Oct-2024 10.71 9.32 LU1294567448

Portfolio Managers

Portfolio Managers

Aidan Doyle, CFA
Managing Director, Portfolio Manager

  

Chi Chen
Director, Portfolio Manager

  

David Rogal
David Rogal
Sam Summers
Director, Portfolio Manager

  

Documents

Documents