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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Reinvestments

 
  1y 3y 5y 10y Incept.
5.93 -1.89 0.80 - 2.41
0.63 -3.55 -0.23 - 1.51
Benchmark (%) 6.78 -0.92 1.26 - 3.05
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.33 2.33 7.08 8.41 5.93 -5.56 4.04 - 14.89
-2.79 -2.79 1.73 2.99 0.63 -10.28 -1.16 - 9.15
Benchmark (%) 2.27 2.27 6.67 9.19 6.78 -2.73 6.45 - 19.18
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 CZK, 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 23-Feb-2024 USD 521,599,117
Share Class Inception Date 28-Mar-2018
Fund Inception 07-Apr-1989
Share Class Currency CZK
Fund Base Currency USD
Asset Class Fixed Income
Benchmark BBG U.S. Aggregate Index CZK
SFDR Classification Other
Initial Charge 5.00%
ISIN LU1791174102
Management Fee (incl. Distribution Fee, if any) 0.85%
Performance Fee 0.00%
Minimum Initial Investment CZK 5000
Minimum Subsequent Investment CZK 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category USD Diversified Bond
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGUDA2C
SEDOL BFZRPC7
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Jan-2024 1,404
Standard Deviation (3y) as of 31-Jan-2024 7.74%
3y Beta as of 31-Jan-2024 0.875
Yield to Maturity as of 31-Jan-2024 5.33
Modified Duration as of 31-Jan-2024 6.35
Effective Duration as of 31-Jan-2024 6.00yrs
Weighted Avg Maturity as of 31-Jan-2024 8.55
WAL to Worst as of 31-Jan-2024 8.55
5Y Annualised Volatility as of 31-Jan-2024 9.00
Since Share Inception – Annualised Volatility as of 31-Jan-2024 8.76

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 31-Jan-2024
Name Weight (%)
UNITED STATES TREASURY 22.56
FEDERAL NATIONAL MORTGAGE ASSOCIATION 16.93
FEDERAL HOME LOAN MORTGAGE CORPORATION 7.76
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 5.08
UNIFORM MBS 2.86
Name Weight (%)
MORGAN STANLEY 1.33
DIAMONDBACK ENERGY INC 1.18
BANK OF AMERICA CORP 0.99
SABINE PASS LIQUEFACTION LLC 0.91
GOLDMAN SACHS GROUP INC/THE 0.85

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-2024

% of Weight

Type Fund Benchmark Net
as of 31-Jan-2024

% of Weight

Type Fund Benchmark Net
as of 31-Jan-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
A2 CZK 749.37 0.24 0.03 23-Feb-2024 757.84 674.13 LU1791174102
D2 USD 33.81 0.03 0.09 23-Feb-2024 34.51 31.43 LU0548367084
A2 USD 32.00 0.03 0.09 23-Feb-2024 32.67 29.78 LU0096258362
A2 Hedged SGD 10.34 0.01 0.10 23-Feb-2024 10.58 9.91 LU2699150137
A1 USD 14.83 0.02 0.14 23-Feb-2024 15.49 13.97 LU0028835386
A3 USD 14.87 0.01 0.07 23-Feb-2024 15.50 14.01 LU0172417379
D2 Hedged GBP 10.00 0.00 0.00 23-Feb-2024 10.22 9.32 LU1294567448
D3 USD 14.87 0.01 0.07 23-Feb-2024 15.50 14.01 LU0592701923

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - Bronze
Effective 25-Nov-2020

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