Fixed Income

BGF Global High Yield Bond Fund

  • NAV as of 25/Jul/2025 GBP 8.14
    52 WK: 7.68 - 8.20
  • 1 Day NAV Change as of 25/Jul/2025 0.00 (0.00%)
  • Morningstar Rating

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.

Non-investment grade fixed income securities are more sensitive to changes in interest rates and present greater ‘Credit Risk’ than higher rated fixed income securities. 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.

Show Less
Loading

Performance

Performance

Chart

View full chart
Chart
Line chart with 135 data points.
The chart has 1 X axis displaying Time. Range: 2014-04-30 00:00:00 to 2025-06-30 00:00:00.
The chart has 1 Y axis displaying values. Range: -25 to 50.
YTD6M1Y3Y5Y10YAll
End of interactive chart.
Chart
Line chart with 2799 data points.
The chart has 1 X axis displaying Time. Range: 2014-05-28 00:00:00 to 2025-07-25 00:00:00.
The chart has 1 Y axis displaying values. Range: 6 to 12.
YTD6M1Y3Y5Y10YAll
End of interactive chart.

Distributions

View full table
For more information: +44 (0) 20 7743 3300 • www.blackrock.com • investor.services@blackrock.com
Chart
Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Values. Range: -20 to 20.
End of interactive chart.
During this period performance was achieved under circumstances that no longer apply
*On 30/Aug/2022, the Fund changed its name and/or investment objective and policy.
  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) -4.0 12.5 6.9 -4.5 12.8 5.2 2.7 -13.6 11.8 8.7
Target Benchmark 1 (%) -2.0 16.2 8.0 -1.9 14.5 6.5 3.0 -11.4 13.0 9.2

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 (%) 9.43 8.96 4.48 3.66 3.37
Target Benchmark 1 (%) 10.13 10.27 5.46 5.30 4.87
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 4.14 1.60 3.14 4.14 9.43 29.37 24.51 43.24 44.44
Target Benchmark 1 (%) 4.37 1.60 3.11 4.37 10.13 34.09 30.42 67.53 69.36
  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

14.08 -15.63 6.84 10.65 9.43
Target Benchmark 1 (%)

as of 30/Jun/2025

14.40 -14.98 9.25 11.44 10.13

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 GBP, 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 25/Jul/2025
USD 2,001,437,586
Fund Launch Date
22/Dec/1998
Fund Base Currency
USD
Target Benchmark 1
ICE BofA Global High Yield Constrained (HW0C) 100% USD Hedged Index (USD)
SDR classification
ESG Overseas
Ongoing Charges Figures
0.76%
ISIN
LU1072327023
Minimum Initial Investment
USD 100,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Global High Yield Bond - GBP Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
BN327J1
Share Class launch date
28/May/2014
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Article 8
Initial Charge
5.00%
Management Fee
0.55%
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGHYD5G

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Jun/2025
1053
Standard Deviation (3y)
as of 30/Jun/2025
6.23%
Yield to Maturity
as of 30/Jun/2025
7.11
Weighted Average YTM
as of 30/Jun/2025
6.68%
Weighted Avg Maturity
as of 30/Jun/2025
4.00
12 Month Trailing Dividend Distribution Yield
as of 30/Jun/2025
6.38
3y Beta
as of 30/Jun/2025
1.005
Modified Duration
as of 30/Jun/2025
3.85
Effective Duration
as of 30/Jun/2025
2.97
WAL to Worst
as of 30/Jun/2025
4.00

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 High Yield Bond Fund, Class D5 Hedged, as of 30/Jun/2025 rated against 344 Global High Yield Bond - GBP Hedged Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 03/Sept/2024)
Analyst-Driven % as of 03/Sept/2024
100.00
Data Coverage % as of 03/Sept/2024
100.00

Holdings

Holdings

as of 30/Jun/2025
Name Weight (%)
HUB INTERNATIONAL LTD 144A 7.375 01/31/2032 0.80
MAUSER PACKAGING SOLUTIONS HOLDING 144A 7.875 04/15/2027 0.65
ATHENAHEALTH GROUP INC 144A 6.5 02/15/2030 0.64
1261229 BC LTD 144A 10 04/15/2032 0.61
CLOUD SOFTWARE GROUP INC 144A 9 09/30/2029 0.60
Name Weight (%)
UKG INC 144A 6.875 02/01/2031 0.56
HUB INTERNATIONAL LTD 144A 7.25 06/15/2030 0.53
ALLIED UNIVERSAL HOLDCO LLC 144A 7.875 02/15/2031 0.51
CLOUD SOFTWARE GROUP INC 144A 8.25 06/30/2032 0.50
WHITE CAP BUYER LLC 144A 6.875 10/15/2028 0.49
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Jun/2025

% of Market Value

as of 30/Jun/2025

% of Market Value

Show More
as of 30/Jun/2025

% of Market Value

as of 30/Jun/2025

% of Market Value

as of 30/Jun/2025

% of Market Value

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

Portfolio Managers

Portfolio Managers

David Delbos
David Delbos
Jose Aguilar
Jose Aguilar
Managing Director

Jose Aguilar, Managing Director, is the head of European High Yield and Long Short Credit Strategies.

Read More

Jose Aguilar, Managing Director, is the head of European High Yield and Long Short Credit Strategies. He is portfolio manager for the European High Yield, Global High Yield, Global Long Short Credit and Credit Strategies Income Funds. He is also a co-lead PM on for the iShares € Flexible Income Bond Active UCITS ETF (IFLX).

 

Prior to joining BlackRock in 2009, Mr. Aguilar was a senior research analyst at R3 Capital Partners focusing on Leverage Finance and Special Situations. He began his career at Lehman Brothers in the Mergers and Acquisitions Group covering Financial Institutions. Mr. Aguilar earned degrees in Business Administration and Law from Universidad Pablo de Olavide in Seville, Spain.

Mitchell Garfin
Mitchell Garfin
James Turner
James Turner

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.