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Fixed Income

BGF Global Inflation Linked Bond Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. Inflation linked bonds are fixed interest securities where the coupon payments increase and decrease with changes in official inflation rates. Such bonds offer investors some protection against rising levels of inflation, since rising official inflation data automatically feeds through into coupon payments. However, Investors should be aware that inflation linked bonds may, under certain circumstances, offer a slightly lower coupon payment compared to other types of fixed interest securities. Also, given that these securities are not exposed to inflation rate risk, should inflation rates decrease, the value of an inflation linked bond may not increase in price as might be expected for some other sorts of bond. The fund(s) may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.

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

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Performance

Performance

  • Returns


The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged fund 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

Chart

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 17-Jul-19 USD 131.864
Base Currency U.S. Dollar
Fund Launch Date 19-Jun-09
Share Class launch date 23-Jul-09
Asset Class Fixed Income
Morningstar Category Global Inflation-Linked Bond - EUR Hedged
Benchmark Index BBG Barc WGILB All Markets 1-20Yrs 100% Hedged to USD Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0425308169
Bloomberg Ticker BGFIA2E
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B45H199
Bloomberg Benchmark Ticker BCLYILUSDH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Risk Indicator

Risk Indicator

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2
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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global Inflation Linked Bond Fund, Class A2 Hedged, as of 30-Jun-19 rated against 155 Global Inflation-Linked Bond - EUR Hedged Funds.

Holdings

Holdings

as of 28-Jun-19
Name Weight (%)
TREASURY (CPI) NOTE 0.875 01/15/2029 7.03
ITALY (REPUBLIC OF) 1.3 05/15/2028 5.33
TREASURY (CPI) NOTE 0.375 07/15/2027 3.51
TREASURY (CPI) NOTE 0.375 01/15/2027 3.50
TREASURY (CPI) NOTE 0.625 01/15/2026 3.45
Name Weight (%)
NEW ZEALAND (GOVERNMENT OF) 3 09/20/2030 3.22
TREASURY (CPI) NOTE 0.125 07/15/2026 2.88
TREASURY (CPI) NOTE 0.75 07/15/2028 2.28
TREASURY (CPI) NOTE 0.375 07/15/2025 2.22
TREASURY (CPI) NOTE 0.125 07/15/2022 2.21
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Jun-19

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-19

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-19

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 28-Jun-19

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-19

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-19

% of Market Value

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.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A2 Hedged EUR None 13.87 0.03 0.22 13.87 13.32 - LU0425308169 - -
Class D2 Hedged EUR None 14.37 0.04 0.28 14.37 13.76 - LU0448666502 - -
Class D3 USD Monthly 15.00 0.04 0.27 15.00 14.11 - LU0827882555 - -
Class A3 USD Monthly 14.97 0.04 0.27 14.97 14.09 - LU0425308243 - -
Class A2 USD None 15.42 0.04 0.26 15.42 14.51 - LU0425308086 - -
Class D2 USD None 15.97 0.04 0.25 15.97 14.99 - LU0448666684 - -

Portfolio Managers

Portfolio Managers

Christopher Allen
Christopher Allen
Emanuella Enenajor
Emanuella Enenajor

Literature

Literature