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Fixed Income

BGF World 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 invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. 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. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held. 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 current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in SGD, 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

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 27-Mar-20 USD 1,201.245
Base Currency U.S. Dollar
Fund Launch Date 04-Sep-85
Share Class launch date 20-Jun-18
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index Bloomberg Barclays Global Aggregate USD Hedged Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU1830001282
Bloomberg Ticker BGWA6SH
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BF4HW16
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment SGD 5000
Minimum Subsequent Investment SGD 1000
Use of Income Distributing

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 28-Feb-20
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 5.86
UMBS 30YR TBA(REG A) 2.58
TREASURY (CPI) NOTE 0.5 04/15/2024 2.33
GNMA2 30YR 2019 PRODUCTION 1.02
GNMA2 30YR 2016 PRODUCTION 0.77
Name Weight (%)
INDIA (REPUBLIC OF) 7.27 04/08/2026 0.77
FNMA 30YR 2016 PRODUCTION 0.68
FGOLD 30YR 3% MLB 125K 2013 0.67
UK CONV GILT 1.75 09/07/2037 0.63
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.94 10/17/2024 0.55
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Feb-20

% of Market Value

Type Fund Benchmark Net
as of 28-Feb-20

% of Market Value

Type Fund Benchmark Net
as of 28-Feb-20

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 28-Feb-20

% of Market Value

Type Fund Benchmark Net
as of 28-Feb-20

% of Market Value

Type Fund Benchmark Net
as of 28-Feb-20

% 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 A6 Hedged SGD Monthly 10.08 0.15 1.51 10.85 9.74 - LU1830001282 - -
Class I2 USD None 10.84 0.16 1.50 11.64 10.47 - LU1087925589 - -
Class D2 USD None 83.67 1.27 1.54 89.80 80.82 - LU0297941972 - -
Class A2 USD None 79.47 1.20 1.53 85.31 76.76 - LU0184696937 - -
Class D3 USD Monthly 57.52 0.87 1.54 61.73 55.56 - LU0827888321 - -
Class D2 Hedged EUR None 192.22 2.83 1.49 207.18 185.84 - LU0827888594 - -
Class A2 Hedged EUR None 186.77 2.75 1.49 201.35 180.57 - LU0330917880 - -
Class A3 USD Monthly 57.44 0.87 1.54 61.66 55.48 - LU0184696853 - -
Class D2 Hedged GBP None 11.67 0.16 1.39 12.61 11.29 - LU0871639547 - -
Class D2 Hedged CHF None 10.13 0.15 1.50 10.92 9.79 - LU0308772333 - -
Class A2 Hedged GBP None 11.62 0.16 1.40 12.56 11.24 - LU0808759830 - -
Class A1 USD Daily 57.52 0.87 1.54 61.78 55.56 - LU0012053665 - -
Class A8 Hedged CNH Monthly 101.54 1.56 1.56 108.97 98.01 - LU1529944784 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Russell Brownback
Russell Brownback
Aidan Doyle (FI)
Aidan Doyle (FI)
Trevor Slaven
Trevor Slaven

Literature

Literature