Fixed Income

BGF US Dollar Bond Fund

  • NAV as of 11/May/2026 USD 9.96
  • 1 Day NAV Change as of 11/May/2026 USD 0.00 (0.00%)

Overview

Investment Approach


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. These include bonds and money market instruments (i.e. debt securities with short term maturities).

The fixed income securities may be issued by: the United States (US) government and its agencies, non-US governments and government agencies and companies and supranationals (e.g. the International Bank for Reconstruction and Development) domiciled inside or outside of the US.

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

Distributions

Ex-Date Total Distribution
View full table
Ex-Date Total Distribution
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

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 Risks
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. 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.
Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due. Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.

Key Facts

Key Facts

Net Assets of Fund
as of 11/May/2026
USD 533,759,379
Fund Launch Date
07/Apr/1989
Fund Base Currency
USD
Constraint Benchmark 1
Bloomberg U.S. Aggregate Bond Index
Initial Charge
5.00%
Management Fee
0.85%
Performance Fee
-
Minimum Subsequent Investment
USD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
SEDOL
BTFGF44
Share Class launch date
23/Jul/2025
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
1.08%
ISIN
LU3096647956
Minimum Initial Investment
USD 5,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
USD Diversified Bond
Dealing Frequency
Daily, forward pricing basis

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2026
0
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 30/Apr/2026
5.30
Weighted Average YTM
as of 30/Apr/2026
5.24%
Weighted Avg Maturity
as of 30/Apr/2026
6.82
12 Month Trailing Dividend Distribution Yield
as of 30/Apr/2026
-
3y Beta
as of -
-
Modified Duration
as of 30/Apr/2026
5.89
Effective Duration
as of 30/Apr/2026
5.91
WAL to Worst
as of 30/Apr/2026
6.82

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 27/Apr/2026)
Analyst-Driven % as of 27/Apr/2026
100.00
Data Coverage % as of 27/Apr/2026
100.00

Holdings

Holdings

as of 30/Apr/2026
Name Weight (%)
UNITED STATES TREASURY 21.76
FEDERAL HOME LOAN MORTGAGE CORPORATION 9.53
FEDERAL NATIONAL MORTGAGE ASSOCIATION 8.81
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 5.63
EQT CORP 1.47
Name Weight (%)
PACIFIC GAS AND ELECTRIC COMPANY 0.79
DIAMONDBACK ENERGY INC 0.71
SPAIN (KINGDOM OF) 0.58
BANK OF AMERICA CORP 0.54
ORACLE CORPORATION 0.52
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2026

% of Market Value

Type Fund Benchmark Net
¹Allocations are subject to change. Source: BlackRock
as of 30/Apr/2026

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2026

% 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 A10 USD 9.96 0.00 0.00 11/May/2026 10.30 9.91 LU3096647956
Class A2 CZK 728.29 -0.20 -0.03 11/May/2026 750.87 708.71 LU1791174102
Class D2 USD 37.63 -0.03 -0.08 11/May/2026 38.23 35.22 LU0548367084
Class A2 USD 35.29 -0.03 -0.08 11/May/2026 35.87 33.16 LU0096258362
Class D3 USD 15.05 -0.01 -0.07 11/May/2026 15.41 14.68 LU0592701923
Class I2 Hedged EUR 9.79 -0.01 -0.10 11/May/2026 9.98 9.34 LU1564327929
Class A2 Hedged SGD 10.84 0.00 0.00 11/May/2026 11.08 10.46 LU2699150137
Class A3 USD 15.06 -0.01 -0.07 11/May/2026 15.41 14.68 LU0172417379
Class A1 USD 15.03 -0.02 -0.13 11/May/2026 15.39 14.63 LU0028835386
Class I5 USD 8.97 -0.01 -0.11 11/May/2026 9.20 8.75 LU1718847640
Class D2 Hedged GBP 11.07 -0.01 -0.09 11/May/2026 11.25 10.38 LU1294567448

Portfolio Managers

Portfolio Managers

Russell Brownback
Russell Brownback
Managing Director, Head of Global Macro Positioning for Fixed-Income

  

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Russell J Brownback, Managing Director, is Head of Global Macro Positioning for Fixed-Income and a member of the Fundamental Fixed-Income Executive Committee. Prior to joining BlackRock in 2009, Mr. Brownback was a Senior Partner with R3 Capital Partners. From 1992 to 2008, he was with Lehman Brothers, most recently as a Managing Director and proprietary trader/portfolio manager for the Global Principal Strategies team. Previously, he was the head of the firm's Corporate and Emerging Markets bond trading desks.

 

Mr. Brownback earned a BA degree in economics from Hobart College in 1987 and an MBA from the J.L. Kellogg Graduate School of Management at Northwestern University in 1992. He has been an adjunct professor for both graduate and undergraduate studies at Syracuse University's Whitman School of Business.

Chi Chen
Chi Chen
Director, Portfolio Manager

  

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Chi Chen, Director, is a Portfolio Manager in BlackRock's Global Fixed Income Investment Group, focusing on US multi-sector fixed income mandates and global government bond mandates. She is co-manager of BlackRock's Total Return Fund, Core Bond Fund, US Dollar Bond Fund, and Global Government Bond Fund.

 

Ms. Chen focuses on macro investment strategies and specializes in interest rates investment. She leads research efforts for US rates in the Global Fixed Income platform. In addition, she is actively involved in the platform's top-down process including regime identification, asset allocation, macro positioning, and portfolio construction. Previously, she was a macro researcher on the Economics team at BlackRock.

 

Ms. Chen joined BlackRock as an analyst in the Global Fixed Income Investment Group. She earned a BA degree, magna cum laude, in Economics and Statistics from Mount Holyoke College.

Aidan Doyle, CFA
Aidan Doyle, CFA
Managing Director, Portfolio Manager

  

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Aidan Doyle, CFA, Managing Director, is a portfolio manager within the Global Bond Team. He is co-lead manager for the BGF World Bond Fund, the BGF Global Government Bond Fund, the BGF Fixed Income Global Opportunities Fund, BGF ESG Fixed Income Global Opportunities Fund, and the BGF US Dollar Bond Fund.

 

Mr. Doyle began his career at BlackRock in 2010 when he joined the Global Bond Team as a portfolio manager. He is responsible for developing macro directional and relative value investment strategies and managing the team's global aggregate and global government bond portfolios.

 

Mr. Doyle. has a MSc degree in Finance from the Imperial College London, with a focus on fixed income and derivatives. He earned a BA degree in Economics, with honors, from Trinity College Dublin, with a focus on financial economics.

Siddharth Mehta
Siddharth Mehta
Sam Summers
Sam Summers
Director, Portfolio Manager

   

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Sam Summers, Director, is a portfolio manager on the Multi-Sector Mutual Funds team within the Global Fixed Income group at Blackrock. Mr. Summers focuses on macro directional and relative value investment strategies in FX and global interest rates as well as managing the multi-sector mutual funds and global government bond portfolios.


Mr. Summers joined Blackrock as an analyst after graduating from the University of Pennsylvania with a BA degree in economics.

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