Cash

BGF US Dollar Reserve Fund

  • NAV as of 20/Dec/2024 GBP 209.6583
    52 WK: 199.96 - 209.66
  • 1 Day NAV Change as of 20/Dec/2024 0.02 (0.01%)

Overview

Investment Approach


The Fund aims to offer returns in line with money market rates consistent with preservation of capital and liquidity. Money invested in the Fund is not protected or guaranteed. The Fund does not rely on external support for guaranteeing the liquidity of the Fund or stabilising the net asset value (NAV) per share. The Fund is a shortterm money market fund.

The Fund invests at least 90% of its total assets in fixed income (FI) securities denominated in US dollars. These include bonds and money market instruments (i.e. debt securities with short term maturities).

The FI 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).

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.

Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. 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.

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
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. Source: BlackRock, as at most recent available data in the Performance chart and table. The NAV chart shows the share class level transactional NAV for the period shown. Performance is shown after deduction of ongoing charges. Any entry/exit charges are excluded from the calculation. The income of the fund is reinvested as part of the calculation of the NAV. Refer to the latest KIID document for more Performance information.

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 0.2 0.2 -0.1 -0.3 0.0 0.3 -0.1 -0.2 1.0 4.4
Comparator Benchmark 1 (%) 0.0 0.0 0.3 0.9 1.8 2.1 0.3 0.0 1.6 5.0

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 (%) 4.87 3.24 1.87 0.95 0.81
Comparator Benchmark 1 (%) 5.21 3.78 2.33 1.66 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 4.46 0.37 1.16 2.39 4.87 10.05 9.72 9.95 10.26
Comparator Benchmark 1 (%) 4.75 0.38 1.20 2.52 5.21 11.78 12.23 17.94 -
  From
30-Sept-2019
To
30-Sept-2020 		From
30-Sept-2020
To
30-Sept-2021 		From
30-Sept-2021
To
30-Sept-2022 		From
30-Sept-2022
To
30-Sept-2023 		From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

0.03 -0.27 0.29 3.71 5.00
Comparator Benchmark 1 (%)

as of 30/Sept/2024

0.70 -0.03 0.76 4.55 5.30

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 20/Dec/2024
USD 564,177,083
Fund Launch Date
30/Nov/1993
Fund Base Currency
USD
Comparator Benchmark 1
Secured Overnight Financing Rate (SOFR)
Initial Charge
0.00%
Management Fee
0.23%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MIGHGD2
Share Class launch date
25/Oct/2012
Share Class Currency
GBP
Asset Class
Cash
SFDR Classification
Other
Ongoing Charges Figures
0.34%
ISIN
LU0329591720
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Money Market - Other
Dealing Frequency
Daily, forward pricing basis
SEDOL
B8362M6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
150
Weighted Average Life
as of 13/Dec/2024
75 days
1-Day Yield
as of 20/Dec/2024
-0.34%
Weighted Average Maturity
as of 13/Dec/2024
49 days
3y Beta
as of 30/Nov/2024
1.025

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.

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

Name Type Market Value Weight (%) Nominal Local Market Value ISIN Maturity Maturity/Reset
Detailed Holdings and Analytics
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 19/Dec/2024

% of Market Value

Type Fund
as of 19/Dec/2024

% of Market Value

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.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 Hedged GBP 209.66 0.02 0.01 20/Dec/2024 209.66 199.96 LU0329591720
Class A2 Hedged GBP 206.91 0.02 0.01 20/Dec/2024 206.91 197.73 LU0297945965
Class A2 USD 176.10 0.02 0.01 20/Dec/2024 176.10 167.87 LU0006061419

Portfolio Managers

Portfolio Managers

Edward Ingold CFA
Edward Ingold CFA

Literature

Literature