Fixed Income

BGF US Dollar Bond Fund

Overview

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.

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 80% of its total assets in fixed income securities.

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

Reinvestments

This product does not have any distributions data as of now.
This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 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

Key Facts

Key Facts

Net Assets of Fund
as of 12/Jun/2024
USD 495,443,397
Fund Launch Date
07/Apr/1989
Fund Base Currency
USD
Constraint Benchmark 1
Bloomberg US Aggregate Bond Index
Initial Charge
5.00%
ISIN
LU2699150137
Performance Fee
0.00%
Minimum Subsequent Investment
SGD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGUBASH
Share Class launch date
08/Nov/2023
Share Class Currency
SGD
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
1.09%
Annual Management Fee
0.85%
Minimum Initial Investment
SGD 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BR3SZM6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
1357
3y Beta
as of -
-
Modified Duration
as of 31/May/2024
6.22
Effective Duration
as of 31/May/2024
6.03
WAL to Worst
as of 31/May/2024
9.18
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 31/May/2024
5.84
Weighted Average YTM
as of 31/May/2024
5.83%
Weighted Avg Maturity
as of 31/May/2024
9.18

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.

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 31/May/2024
Name Weight (%)
UNITED STATES TREASURY 26.22
FEDERAL NATIONAL MORTGAGE ASSOCIATION 11.18
FEDERAL HOME LOAN MORTGAGE CORPORATION 8.30
UNIFORM MBS 4.88
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 3.78
Name Weight (%)
GOLDMAN SACHS GROUP INC/THE 1.41
DIAMONDBACK ENERGY INC 1.29
MORGAN STANLEY 1.14
BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 1.09
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 0.97
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
¹Allocations are subject to change. Source: BlackRock
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A2 Hedged SGD 10.46 0.11 1.06 12/Jun/2024 10.58 9.91 LU2699150137
Class A2 USD 32.54 0.34 1.06 12/Jun/2024 32.67 29.78 LU0096258362
Class A3 USD 14.93 0.15 1.01 12/Jun/2024 15.27 14.01 LU0172417379
Class A2 CZK 740.47 -2.06 -0.28 12/Jun/2024 759.20 674.13 LU1791174102
Class D2 USD 34.43 0.36 1.06 12/Jun/2024 34.51 31.43 LU0548367084
Class A1 USD 14.90 0.15 1.02 12/Jun/2024 15.22 13.97 LU0028835386
Class D3 USD 14.93 0.16 1.08 12/Jun/2024 15.27 14.01 LU0592701923
Class I5 USD 8.93 0.09 1.02 12/Jun/2024 9.06 8.31 LU1718847640
Class D2 Hedged GBP 10.17 0.10 0.99 12/Jun/2024 10.22 9.32 LU1294567448

Portfolio Managers

Portfolio Managers

Aidan Doyle, CFA
Managing Director, Portfolio Manager

  

Chi Chen
Director, Portfolio Manager

  

David Rogal
Managing Director, Portfolio Manager

  

Sam Summers
Director, Portfolio Manager

   

Literature

Literature