Fixed Income

BGF Global Bond Income Fund

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.

Overview

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Performance

Performance

Chart

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Distributions

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
4.45 4.20 0.17 - 0.64
6.85 6.41 2.08 - 2.81
-0.77 2.44 -0.86 - -0.14
1.51 4.61 1.04 - 2.11
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.45 0.13 0.52 2.00 4.45 13.14 0.83 - 4.30
6.85 0.28 1.07 3.24 6.85 20.50 10.84 - 22.97
-0.77 -4.88 -4.51 -3.10 -0.77 7.48 -4.21 - -0.91
1.51 -4.74 -3.99 -1.92 1.51 14.48 5.30 - 16.82

  2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Total Return (%) 0.44 -1.52 -9.51 5.41 2.77 4.45
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

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

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

Key Facts

Key Facts

Net Assets of Fund
as of 15-Jan-2026
USD 189,798,976
Fund Inception
16-Jul-2018
Fund Base Currency
USD
Benchmark
BBG Global Aggregate Index (USD Hedged) (USD)
Initial Charge
5.00%
ISIN
LU1978683099
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BGBA6EH
MAS ESG Fund
No
Share Class Inception Date
15-May-2019
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Management Fee
1.00%
Management Fee (incl. Distribution Fee, if any)
1.00%
Minimum Initial Investment
USD 5000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Global Flexible Bond - EUR Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
BJNPC64

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-Dec-2025
1,053
Yield to Maturity
as of 31-Dec-2025
5.75
Effective Duration
as of 31-Dec-2025
3.65yrs
WAL to Worst
as of 31-Dec-2025
5.19
Since Share Inception – Annualised Volatility
as of 31-Dec-2025
6.89
Standard Deviation (3y)
as of 31-Dec-2025
3.80%
Modified Duration
as of 31-Dec-2025
4.41
Weighted Avg Maturity
as of 31-Dec-2025
5.19
5Y Annualised Volatility
as of 31-Dec-2025
4.25

Ratings

Ratings

Morningstar Rating

3 stars
As of 31-Dec-2025

Holdings

Holdings

as of 31-Dec-2025
Name Weight (%)
UMBS 30YR TBA(REG A) 18.74
ISHARES CREDIT INCOME ACTIVE SYD 0.66
FNMA 30YR UMBS SUPER 0.61
JPMORGAN CHASE & CO 6.07 10/22/2027 0.60
IRELAND (GOVERNMENT) 2.6 10/18/2034 0.57
Name Weight (%)
SPAIN (KINGDOM OF) 3.15 04/30/2035 0.47
ITALY (REPUBLIC OF) 3.65 08/01/2035 0.46
SPAIN (KINGDOM OF) 2.7 01/31/2030 0.45
FHLMC_5467 FC 0.41
CAIXABANK SA RegS 5.875 12/31/2079 0.41

Exposure Breakdowns

Exposure Breakdowns

as of 31-Dec-2025

% of Weight

Type Fund
as of 31-Dec-2025

% of Weight

Type Fund
as of 31-Dec-2025

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A6 Hedged EUR 7.37 0.00 0.00 15-Jan-2026 7.55 7.31 LU1978683099
A6 Hedged NZD 8.11 0.00 0.00 15-Jan-2026 8.23 7.98 LU1978683412
D6 USD 10.16 0.00 0.00 15-Jan-2026 10.22 9.84 LU2943721568
A3G USD 10.21 0.00 0.00 15-Jan-2026 10.27 9.90 LU2620702121
A6 Hedged SGD 7.79 0.00 0.00 15-Jan-2026 8.00 7.75 LU1978683172
A10 Hedged HKD 96.27 0.00 0.00 15-Jan-2026 97.97 95.05 LU2725777572
D2 USD 12.82 0.00 0.00 15-Jan-2026 12.83 11.86 LU1842103555
Class D2 EUR Hedged EUR 10.94 0.00 0.00 15-Jan-2026 10.94 10.30 LU1842103639
A6 Hedged CAD 8.03 0.00 0.00 15-Jan-2026 8.18 7.93 LU1978682950
A10 USD 10.05 0.00 0.00 15-Jan-2026 10.15 9.84 LU2708803049
Class D2 CHF Hedged CHF 10.09 0.00 0.00 15-Jan-2026 10.10 9.66 LU1842103712
A6 Hedged HKD 80.16 0.00 0.00 15-Jan-2026 81.65 79.23 LU1978682877
Class D2 GBP Hedged GBP 11.99 0.00 0.00 15-Jan-2026 11.99 11.11 LU1842103803
A6 USD 8.51 0.00 0.00 15-Jan-2026 8.58 8.28 LU1842103472
A8 Hedged CNH 85.91 -0.02 -0.02 15-Jan-2026 86.22 83.23 LU1978683685
A2 USD 12.36 0.00 0.00 15-Jan-2026 12.36 11.47 LU1842103399
A6 Hedged GBP 8.03 0.00 0.00 15-Jan-2026 8.09 7.83 LU1978683255
A6 Hedged AUD 7.87 0.00 0.00 15-Jan-2026 7.94 7.69 LU1978683339
A10 Hedged SGD 9.52 -0.01 -0.10 15-Jan-2026 9.77 9.46 LU2723611187
D2 EUR 11.05 0.05 0.45 15-Jan-2026 11.68 10.43 LU1864663650

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

Ibrahim Incoglu
Managing Director

  

Navin Saigal
Managing Director

  

Charlotte Widjaja

  

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.

Documents

Documents