Fixed Income

BGF Global Bond Income Fund

  • NAV as of 18/Jul/2025 EUR 10.62
    52 WK: 10.21 - 10.66
  • 1 Day NAV Change as of 18/Jul/2025 0.00 (0.00%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to achieve an income on your investment without sacrificing long term capital growth in a manner consistent with the principles of sustainable and environmental, social and governance (ESG) focused investing.

The Fund invests globally at least 70% of its total assets in fixed income securities. These include bonds and money market instruments (i.e. debt securities with short term maturities). In order to generate above average income, the Fund will seek diversified income sources across a variety of such fixed income transferable securities.

The Fund’s total assets will be invested in accordance with its ESG Policy as disclosed in the prospectus. For further details regarding the ESG characteristics please refer to the prospectus and the BlackRock website at www.blackrock.com/baselinescreens

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Asset backed securities and mortgage backed securities are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

View full chart
Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

This chart shows the product's performance as the percentage loss or gain per year over the last 6 years.

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) 6.5 1.1 -1.1 -9.1 6.0 3.2

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
Total Return (%) 5.14 3.81 1.25 - 0.90
Comparator Benchmark 1 (%) - - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 2.60 1.04 1.43 2.60 5.14 11.88 6.40 - 6.40
Comparator Benchmark 1 (%) - 0.96 - - - - - - -
  From
30-Jun-2020
To
30-Jun-2021 		From
30-Jun-2021
To
30-Jun-2022 		From
30-Jun-2022
To
30-Jun-2023 		From
30-Jun-2023
To
30-Jun-2024 		From
30-Jun-2024
To
30-Jun-2025
Total Return (%)

as of 30/Jun/2025

6.40 -10.62 0.42 5.97 5.14

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 EUR, 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 18/Jul/2025
USD 167,594,210
Fund Launch Date
16/Jul/2018
Fund Base Currency
USD
Comparator Benchmark 1
BBG Global Aggregate Index (USD Hedged) (USD)
SDR classification
ESG Overseas
Ongoing Charges Figures
0.75%
ISIN
LU1842103639
Minimum Initial Investment
USD 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Flexible Bond - EUR Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFWGQS0
Share Class launch date
16/Jul/2018
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Article 8
Initial Charge
5.00%
Management Fee
0.50%
Performance Fee
-
Minimum Subsequent Investment
USD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGBID2E

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Jun/2025
995
3y Beta
as of -
-
Modified Duration
as of 30/Jun/2025
4.07
Effective Duration
as of 30/Jun/2025
3.33
WAL to Worst
as of 30/Jun/2025
5.97
Standard Deviation (3y)
as of 30/Jun/2025
4.56%
Yield to Maturity
as of 30/Jun/2025
6.03
Weighted Average YTM
as of 30/Jun/2025
5.75%
Weighted Avg Maturity
as of 30/Jun/2025
5.97

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Global Bond Income Fund, Class D2 EUR Hedged, as of 30/Jun/2025 rated against 1207 Global Flexible Bond - EUR Hedged Funds.

Holdings

Holdings

as of 30/Jun/2025
Name Weight (%)
UMBS 30YR TBA(REG A) 14.05
IRELAND (GOVERNMENT) 2.6 10/18/2034 0.91
JPMORGAN CHASE & CO 6.07 10/22/2027 0.80
FNMA 30YR UMBS SUPER 0.68
SPAIN (KINGDOM OF) 3.15 04/30/2035 0.62
Name Weight (%)
FORD MOTOR CREDIT COMPANY LLC MTN 5.125 02/20/2029 0.60
ITALY (REPUBLIC OF) 3.65 08/01/2035 0.50
FHLMC_5467 FC 0.50
SPAIN (KINGDOM OF) 2.7 01/31/2030 0.49
FNMA_25-31A FA 0.48
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Jun/2025

% of Market Value

Type Fund
as of 30/Jun/2025

% of Market Value

Type Fund
as of 30/Jun/2025

% of Market Value

Type Fund
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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 EUR Hedged EUR 10.62 0.00 0.00 18/Jul/2025 10.66 10.21 LU1842103639
Class Z2 Hedged CHF 10.18 0.00 0.00 18/Jul/2025 10.23 9.92 LU1893598968
Class D6 USD 10.06 0.01 0.10 18/Jul/2025 10.12 9.84 LU2943721568
Class I2 EUR 10.69 -0.06 -0.56 18/Jul/2025 11.81 10.55 LU1864663817
Class A10 USD 10.03 0.01 0.10 18/Jul/2025 10.37 9.84 LU2708803049
Class A3G USD 10.12 0.01 0.10 18/Jul/2025 10.37 9.90 LU2620702121
Class I2 USD 12.47 0.01 0.08 18/Jul/2025 12.49 11.74 LU1864663734
Class I2 BRL Hedged USD 10.91 0.11 1.02 18/Jul/2025 11.14 9.02 LU2008661345
Class D2 EUR 10.56 -0.06 -0.56 18/Jul/2025 11.68 10.43 LU1864663650
Class A6 Hedged AUD 7.84 0.00 0.00 18/Jul/2025 8.09 7.69 LU1978683339
Class A8 Hedged CNH 85.00 0.07 0.08 18/Jul/2025 86.71 83.23 LU1978683685
Class ZI2 Hedged EUR 11.61 0.01 0.09 18/Jul/2025 11.65 11.13 LU2533725672
Class I2 Hedged EUR 10.82 0.01 0.09 18/Jul/2025 10.86 10.39 LU1864663908
Class ZI2 USD 12.32 0.01 0.08 18/Jul/2025 12.34 11.58 LU2533725755
Class A6 Hedged HKD 80.41 0.08 0.10 18/Jul/2025 83.43 79.23 LU1978682877
Class A6 Hedged CAD 8.05 0.01 0.12 18/Jul/2025 8.38 7.93 LU1978682950
Class A6 Hedged NZD 8.12 0.01 0.12 18/Jul/2025 8.40 7.98 LU1978683412
Class A2 USD 11.90 0.01 0.08 18/Jul/2025 11.93 11.28 LU1842103399
Class A6 Hedged SGD 7.86 0.01 0.13 18/Jul/2025 8.21 7.75 LU1978683172
Class D2 USD USD 12.32 0.01 0.08 18/Jul/2025 12.34 11.61 LU1842103555
Class A6 Hedged GBP 7.98 0.00 0.00 18/Jul/2025 8.21 7.83 LU1978683255
Class D2 CHF Hedged CHF 9.91 0.01 0.10 18/Jul/2025 9.98 9.66 LU1842103712
Class A6 USD 8.46 0.01 0.12 18/Jul/2025 8.68 8.28 LU1842103472
Class A6 Hedged EUR 7.41 0.00 0.00 18/Jul/2025 7.74 7.31 LU1978683099
Class A10 Hedged SGD 9.59 0.00 0.00 18/Jul/2025 10.02 9.46 LU2723611187
Class Z2 USD 12.56 0.01 0.08 18/Jul/2025 12.58 11.81 LU1893598703
Class A10 Hedged HKD 96.42 0.09 0.09 18/Jul/2025 100.19 95.05 LU2725777572
Class I6 Hedged EUR 8.45 0.01 0.12 18/Jul/2025 8.77 8.32 LU2407028278
Class D2 GBP Hedged GBP 11.53 0.01 0.09 18/Jul/2025 11.55 10.90 LU1842103803
Class Z2 Hedged EUR 10.93 0.01 0.09 18/Jul/2025 10.96 10.48 LU1893598885

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Managing Director, CIO of Global Fixed Income

  

Read More

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business, and Head of the Global Allocation Investment Team. Mr. Rieder is responsible for roughly $2.4 trillion in assets. He is a member of BlackRock’s Executive Sub-Committee on Investments, a member of BlackRock's Global Operating Committee, and Chairman of the firm-wide BlackRock Investment Council.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar.

 

From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program.

 

Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, New Jersey, and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation, and Trustee for the US Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Ibrahim Incoglu
Ibrahim Incoglu
Co-Head of the Securitised Asset Team

Ibrahim Incoglu, Managing Director, is Co-Head of the Securitized Assets Team in Global Fixed Income.

Read More

Ibrahim Incoglu, Managing Director, is Co-Head of the Securitized Assets Team in Global Fixed Income. Since 2014 Mr. Incoglu is Head of the Non-Agency RMBS business, and continues to act as a Lead Non-Agency RMBS Portfolio Manager in addition to his other responsibilities. Mr. Incoglu is a member of the Blackrock Housing- Mortgage Finance Economic Committee.

 

Prior to joining Blackrock in 2009, Mr. Incoglu spent more than six years on the sell side at Wachovia Securities, most recently as a Director. He was responsible for managing the synthetic RMBS desk, market making and hedging activities. From 2003 to 2006, Mr. Incoglu was a Senior Trader at Wachovia and traded various RMBS products including Alt-a, Sub-prime and 2nd liens. From 2002 to 2003, Mr. Incoglu was an Associate at Bank of America Securities, where he structured Non-Agency deals, and ran arbitrage to buy and securitize mortgage whole loans. Mr. Incoglu began his career at Ocwen Federal Bank in 2000. He focused on trading of IO's, servicing strips, as well as hedging activities of the derivatives.

 

Mr. Incoglu earned a BS degree in Civil Engineering from Bogazici University, Istanbul in 1998, and an MBA degree in business administration from the University of Tulsa, OK in 1999.

Navin Saigal
Navin Saigal
Charlotte Widjaja
Charlotte Widjaja
Vice President, is a Portfolio Manager in the Office of the CIO of Global Fixed Income

Charlotte Widjaja, Vice President, is a Portfolio Manager in the Office of the CIO of Global Fixed Income, focusing on the asset allocation and portfolio construction of Multi-Sector and Yield-Focused mandates. Charlotte is also a member of the GFI ESG Implementation Committee. 

Read More

Charlotte Widjaja, Vice President, is a Portfolio Manager in the Office of the CIO of Global Fixed Income, focusing on the asset allocation and portfolio construction of Multi-Sector and Yield-Focused mandates. Charlotte is also a member of the GFI ESG Implementation Committee, in which she is responsible for the ESG transition, integration, and portfolio construction of both ESG and non-ESG funds across the Global and Multi-sector platforms. She is also an Associate PM on the BlackRock Strategic Income Opportunities Fund.

 

Charlotte joined through Blackrock's Analyst Program in 2017. She earned a Bachelor of Science degree in Finance from Babson College in 2017.

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Literature

Literature