Morningstar® Fund Report™
BGF Global Corporate Bond A8 NZD H
Performance History 28/02/2026
Growth of 1,000(JPY) Advanced Graph
Fund -10.50 16.13 1.59 7.88 5.41
+/-Cat -9.14 0.19 -13.73 1.49 -
+/-Idx - - - - -
Category: Other Bond
Index: -
Trailing Returns 01/04/2026
Fund +/-Idx
YTD 0.60 -
3 Years 24.08 -
5 Years 18.17 -
10 Years 44.07 -
12 Month Yield -
Dividend Paying Frequency Monthly
Key Stats
Morningstar Category
Other Bond
Morningstar Rating™
Not Rated
ISIN
LU1149717313
NAV 01/04/2026
NZD 8.4200
Day Change
0.48%
Total Net Assets (mil)
31/03/2026
USD 1469.86
Front Load Fee(Max)
3.00%
Deferred Load Fee
-
Manager Name
Rekesh Varsani
David Benelli
Leopold Lansing
Max Heufner
Inception Date
10/12/2014
Benchmark
Fund Benchmark
Bloomberg Gbl Agg Corp 0901 TR Hdg USD
Morningstar® Benchmark
-
Investment strategy
The Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in investment grade corporate fixed income securities issued by companies worldwide. Currency exposure is flexibly managed.
Portfolio Profile 28/02/2026
Morningstar Style Box®_Morningstar:
Fixed Income Style
Asset Allocation %
% Long % Short % Net Assets
Stocks 0.00 0.00 0.00
Bonds 98.38 0.93 97.45
Cash 204.69 202.24 2.45
Other 0.67 0.57 0.09
Top 5 Holdings %
BEIGNET INV LLC 1.79
Federal National Mortgage Association 1.54
Morgan Stanley 1.36
Foxconn Singapore Pte. Ltd 1.02
Metro Bank Holdings Plc 1.00
Fixed Income
Effective Maturity (Y) 0.00
Effective Duration -
Average Credit Quality -

Price Chart

  • BGF Global Corporate Bond A8 NZD H
Return Charts
3 Months 6 Months 1 Year 3 Years 5 Years 10 Years
Index Currency
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Fund: BGF Global Corporate Bond A8 NZD H
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Annual Returns 28/02/2026
2019 2020 2021 2022 2023 2024 2025 2026
Total Return 11.05 7.75 3.97 -10.50 16.13 1.59 7.88 5.41
+/- Category 0.34 4.94 -6.43 -9.14 0.19 -13.73 1.49 -
+/- Index - - - - - - - -
% Rank (Rel to Cat) - - - - - - - -
Trailing Returns 01/04/2026
Total Return +/- Category +/- Index
1 Day 1.21 1.30 -
1 Week -1.27 -1.10 -
1 Month -4.56 -1.99 -
3 Months 0.60 5.93 -
6 Months 6.45 7.18 -
YTD 0.60 5.46 -
1 Year 10.29 6.90 -
3 Years 24.08 -11.55 -
5 Years 18.17 -19.58 -
10 Years 44.07 0.49 -
Quarterly Returns 28/02/2026
Quarter 1 Quarter 2 Quarter 3 Quarter 4
2026 -0.60 - - -
2025 -2.30 4.87 -0.14 5.45
2024 1.44 8.79 -3.00 -5.09
2023 3.19 5.79 -0.03 6.42
Dividend 01/04/2026
12 Month Yield -
2026 0.06
2025 0.33
2024 0.36
2023 0.27
Morningstar Rating™                 Relative to Category -
3-Year Not Rated
5-Year Not Rated
10-Year Not Rated
Overall Not Rated
Volatility Measurements 31/03/2026
1-Yr Volatility 8.93%   3-Yr Volatility 10.18%
1-Yr MaximumDrawdown -3.20% 3-Yr MaximumDrawdown -13.62%
1 Yr Sharpe Ratio 1.03 3-Yr Sharpe Ratio 0.70
3-Yr Mean Return 0.61%
Fixed Income Style 28/02/2026
Morningstar Style Box®_Morningstar:
Fixed Income Style
Maturity Distribution %
1 To 3 6.25
3 To 5 7.44
5 To 7 16.41
7 To 10 19.85
10 To 15 13.47
15 To 20 3.86
20 To 30 12.15
Over 30 16.19
Effective Maturity (Y) 0.00
Effective Duration -
Average Credit Quality -
Credit Quality Breakdown % %
AAA 0.00 BB 12.13
AA 7.07 B 0.54
A 29.59 BelowB 0.00
BBB 48.39 Not Rated 2.28
AssetAllocation 28/02/2026
Asset Allocation
% Long % Short % Net Assets
Stocks 0.00 0.00 0.00
Bonds 98.38 0.93 97.45
Cash 204.69 202.24 2.45
Other 0.67 0.57 0.09
Top 10 Holdings 28/02/2026
Portfolio
Total Number of Equity Holdings 0
Total Number of Bond Holdings 283
Assets in Top 10 Holdings % 11.33
Product Name Sector Country/Region % of Assets
BEIGNET INV LLC United States 1.79
Federal National Mortgage Association United States 1.54
Morgan Stanley United States 1.36
Foxconn Singapore Pte. Ltd Taiwan 1.02
Metro Bank Holdings Plc United Kingdom 1.00
Bank of America Corp. United States 0.96
E.ON SE Germany 0.92
Citigroup Inc. United States 0.90
Orange SA France 0.87
EDP SA Portugal 0.87
Management Team
CompanyName BlackRock (Luxembourg) SA
Phone +44 20 77433000
Website www.blackrock.com
Address 35 A, avenue J.F. Kennedy,

Grand Duchy of Luxembourg

 
Domicile LUX
Legal Structure SICAV
UCITS Yes
Inception Date 10/12/2014
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd
Fund Manager   Rekesh Varsani
Manager Start Date   13/01/2026
Education  
The University of Nottingham
Biography  
Rekesh Varsani, Director, is a senior member of the Global Corporate Portfolio Management Team within BlackRock’s Global Fixed Income (GFI) platform. Specializing in global corporate credit, Mr. Varsani is a senior portfolio manager responsible for managing a range of Global Credit and Total Return funds for both retail and institutional clients. Mr. Varsani is co-lead manager for the BGF Global Corporate Bond Fund, the BFM Absolute Return Bond Fund and the BFM Sterling Short Duration Credit fund. Prior to joining BlackRock in 2016, Mr. Varsani worked at Citadel LLC and JP Morgan. Mr. Varsani earned a BSc (Hons) degree in Economics from The University of Nottingham in 2010. He also holds the Investment Management Certificate (IMC).
Fund Manager   David Benelli
Manager Start Date   13/01/2026
Education  
Biography  
David Benelli, Director, is a senior member of the US Corporate Credit and Global Corporate Portfolio Management Teams within BlackRock’s Global Fixed Income (GFI) platform. In addition, Mr. Benelli is responsible for absolute return alpha strategies within BlackRock’s multisector mutual funds. Mr. Benelli joined BlackRock in 2008 as an Analyst in the Portfolio Analytics Group (PAG). In 2010 he relocated from New York to Tokyo to create and develop the APAC presence of PAG. Throughout his time with the PAG, he played significant roles in the integration of Barclays Global Investors (Japan) and the expansion of BlackRock’s business in Asia.
Fund Manager   Leopold Lansing
Manager Start Date   13/01/2026
Education  
University of Cambridge
Biography  
Leopold Lansing, Director, is a senior member of the Global Corporate Portfolio Management Team within BlackRock’s Global Fixed Income (GFI) platform. Mr. Lansing is responsible for idea generation and implementation strategies for global corporate bonds as well as in macro instruments, where he focuses on derivative overlay strategies. Mr. Lansing is co-lead manager for the BGF Global Corporate Bond Fund, the iShares € Flexible Income Bond Active UCITS ETF, and the BlackRock Absolute Return Bond Fund. Mr. Lansing is a member of BlackRock’s European Investor Group (EIG). Mr. Lansing began his career at BlackRock in 2017, joining the Global Bond Team as a junior portfolio manager. He earned a BA degree in Economics, with a focus on macroeconomics and econometrics, from the University of Cambridge, graduating in 2017.
Fund Manager   Max Heufner
Manager Start Date   01/03/2023
Education  
Biography  
Max Huefner, Managing Director, is the Head of Global Credit as well as European Investment Grade within BlackRock's Global Fixed Income (GFI) platform. Mr. Huefner is a lead portfolio manager of the BGF Global Corporate Bond Fund, European Corporate Bond Fund, iShares EUR Flexible Income Bond as well as managing total return strategies for European credit on SIO/FIGO, led by Rick Rieder. Mr. Huefner started his career as a credit analyst in 2007 holding positions at Moody's and various leading European financial institutions before joining BlackRock. His tenure at BlackRock spans over ten years as a credit portfolio manager as well as credit analyst.
Fees and Expenses
Sales Charges (Maximum)
Front Load Fee 3.00%
Deferred Load Fee -
Switching Fee 1.00%
Annual Charge
Management (Max) 0.90%

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