Fixed Income

BGF US Dollar 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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Distributions

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
-10.55 -0.83 0.65 1.46 2.65
-15.02 -2.51 -0.38 0.94 2.38
Benchmark (%)

as of 31-Jul-2022

-9.12 -0.21 1.28 1.65 3.41
  YTD 6m 1y 3y 5y 10y Incept.
-9.54 -7.59 -10.55 -2.47 3.28 15.61 66.17
-14.07 -12.21 -15.02 -7.35 -1.88 9.83 57.86
Benchmark (%)

as of 31-Jul-2022

-8.16 -6.14 -9.12 -0.62 6.55 17.76 91.56
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 583.054
Base Currency U.S. Dollar
Fund Inception 07-Apr-1989
Share Class Currency U.S. Dollar
Share Class Inception Date 03-Mar-2003
Additional Currencies British Pound, CZK
Asset Class Fixed Income
Morningstar Category USD Diversified Bond
Benchmark Barclays Capital US Aggregate
Distribution Frequency Monthly
ISIN LU0028835386
Bloomberg Ticker MERCPIA
Management Fee (incl. Distribution Fee, if any) 0.85%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 29-Jul-2022 4.22
Modified Duration as of 29-Jul-2022 6.21
Effective Duration as of 29-Jul-2022 6.06yrs
3y Volatility as of 31-Jul-2022 5.70
5Y Annualised Volatility as of 31-Jul-2022 4.77
Since Share Inception – Annualised Volatility as of 31-Jul-2022 3.94
Since Share Inception - Beta as of 31-Jul-2022 0.94

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 phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves 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 (%)
UNITED STATES TREASURY 20.74
FEDERAL NATIONAL MORTGAGE ASSOCIATION 12.38
FEDERAL HOME LOAN MORTGAGE CORPORATION 7.16
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 5.66
BANK OF AMERICA CORP 1.87
Name Weight (%)
MORGAN STANLEY 1.39
GOLDMAN SACHS GROUP INC/THE 1.38
JPMORGAN CHASE & CO 1.13
VERIZON COMMUNICATIONS INC 0.74
AT&T INC 0.73

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 Analyst Rating

Morningstar Analyst Rating - Bronze
Effective 23-Nov-2021

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
A1 USD Monthly 15.91 -0.03 -0.19 11-Aug-2022 LU0028835386
D2 USD N/A 34.39 -0.07 -0.20 11-Aug-2022 LU0548367084
A2 CZK N/A 769.76 -5.59 -0.72 11-Aug-2022 LU1791174102
D3 USD Monthly 15.93 -0.03 -0.19 11-Aug-2022 LU0592701923
A3 USD Monthly 15.93 -0.04 -0.25 11-Aug-2022 LU0172417379
A2 USD N/A 32.75 -0.07 -0.21 11-Aug-2022 LU0096258362
D2 Hedged GBP N/A 10.37 -0.02 -0.19 11-Aug-2022 LU1294567448

Portfolio Managers

Portfolio Managers

Bob Miller
Bob Miller
Aidan Doyle
Aidan Doyle
Chi Chen
Chi Chen
Sam Summers
Sam Summers

Documents

Documents