Fixed Income

BGF US Dollar 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 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

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Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014
From
31-Dec-2014
To
31-Dec-2015
From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 31-Dec-18

6.08 -0.57 2.23 3.47 -1.10
Benchmark (%) Index: BBG Barc U.S. Aggregate Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 31-Dec-18

5.97 0.55 2.65 3.54 0.01

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 USD, 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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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 19-Feb-19 USD 541.651
Base Currency U.S. Dollar
Fund Launch Date 07-Apr-89
Share Class launch date 03-Mar-03
Asset Class Fixed Income
Morningstar Category USD Diversified Bond
Benchmark Index BBG Barc U.S. Aggregate Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0028835386
Bloomberg Ticker MERCPIA
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 4580456
Bloomberg Benchmark Ticker LBUSTRUU
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Modified Duration as of 31-Jan-19 6.58
3y Volatility - Benchmark as of 31-Jan-19 2.84
5y Volatility - Benchmark as of 31-Jan-19 2.76
5y Beta as of 31-Jan-19 0.903

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

Overall Morningstar Rating for BGF US Dollar Bond Fund, Class A1, as of 31-Jan-19 rated against 411 USD Diversified Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 17-Dec-18)

Holdings

Holdings

as of 31-Jan-19
Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 10.70
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 8.70
UNITED STATES TREASURY 7.45
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 4.19
FEDERAL HOME LOAN MORTGAGE CORPORATION 3.23
Name Weight (%)
BANK OF AMERICA CORP 1.21
GOLDMAN SACHS GROUP INC/THE 1.04
JPMORGAN CHASE & CO 0.86
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 0.85
VERIZON COMMUNICATIONS INC 0.67
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settlement 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.
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-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 A1 USD Daily 16.44 0.00 0.00 16.52 16.00 - LU0028835386 - -
Class D2 USD None 33.15 0.01 0.03 33.15 31.97 - LU0548367084 - -
Class A2 CZK None 727.11 -0.25 -0.03 733.09 640.24 - LU1791174102 - -
Class D3 USD Monthly 16.47 0.00 0.00 16.54 16.01 - LU0592701923 - -
Class A2 USD None 32.02 0.01 0.03 32.02 30.92 - LU0096258362 - -
Class A3 USD Monthly 16.47 0.01 0.06 16.53 16.01 - LU0172417379 - -
Class A6 Hedged HKD Monthly 91.49 0.03 0.03 94.01 89.51 - LU1484781122 - -
Class I5 USD Quarterly 9.80 0.00 0.00 9.80 9.52 - LU1718847640 - -
Class A6 Hedged GBP Monthly 8.96 0.00 0.00 9.27 8.79 - LU1484781049 - -
Class D2 Hedged GBP None 10.31 0.00 0.00 10.31 10.00 - LU1294567448 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Bob Miller
Bob Miller

Literature

Literature