Morningstar® Fund Report™|04/05/2025
BlackRock Global Funds – Global Corporate Bond Fund(USD)
Performance History 30/04/2025
Growth of 1,000(USD)
Fund -2.00 -14.95 9.14 3.31 2.35
+/-Cat -0.98 -1.03 0.62 -0.13 0.35
+/-Idx -0.96 -0.47 0.06 -0.07 0.28
Category: Global Corporate Bond - USD Hedged
Index: Morningstar Global Corporate Bond GR Hedged USD
Trailing Returns 02/05/2025
Fund +/-Idx
YTD 1.73 0.21
3 Years 10.07 -0.54
5 Years 3.23 -1.40
10 Years 21.35 -7.21
12 Month Yield 3.06
Dividend Paying Frequency Monthly
Key Stats
Morningstar Category
Global Corporate Bond - USD Hedged
Morningstar Rating™
ISIN
LU0788109634
NAV 02/05/2025
USD 9.7600
Day Change
-0.61%
Total Net Assets (mil)
30/04/2025
USD  1492.91
Front Load Fee
3.00%
Deferred Load Fee
-
Manager Name
Daniel Chen
Max Heufner
Inception Date
06/06/2012
Benchmark
Fund Benchmark
Bloomberg Gbl Agg Corp 0901 TR Hdg USD
Morningstar® Benchmark
Morningstar Global Corporate Bond GR Hedged USD
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 31/03/2025
Morningstar Style Box®_Morningstar:
Equity Style
Morningstar Style Box®_Morningstar:
Fixed Income Style
Asset Allocation %
% Long % Short % Net Assets
Stocks 0.00 0.00 0.00
Bonds 101.38 21.10 80.28
Cash 295.95 270.46 25.49
Other 1.52 7.28 -5.77
Fixed Income
Effective Maturity (Y) -
Effective Duration -
Average Credit Quality -
Top 5 Regions %
No Data Available
Top 5 Sectors %
Healthcare 0.06
Technology 0.05
Consumer Defensive 0.04
Industrials 0.04
Financial Services 0.03
Top 5 Holdings Sector %
Ford Motor Credit Company LLC 1.12
Volkswagen International Finance N.V. 1.07
Citigroup Inc. 1.02
Ohio Power Company 1.00
Broadcom Inc 0.94
Return Charts
3 Months 6 Months 1 Year 3 Years 5 Years 10 Years
Index Currency
UPDATE
Fund: BlackRock Global Funds – Global Corporate Bond Fund(USD)
Index: Please select ...
Annual Returns 30/04/2025
2018 2019 2020 2021 2022 2023 2024 2025
Total Return -2.75 12.37 8.04 -2.00 -14.95 9.14 3.31 2.35
+/- Category -1.07 0.60 -0.18 -0.98 -1.03 0.62 -0.13 0.35
+/- Index -1.99 0.05 -0.08 -0.96 -0.47 0.06 -0.07 0.28
% Rank (Rel to Cat) 89 53 59 93 63 32 69 97
Trailing Returns 02/05/2025
Total Return +/- Category +/- Index
1 Day -0.61 -0.31 -0.33
1 Week -0.24 -0.10 0.12
1 Month -0.44 -0.23 -0.03
3 Months 1.13 0.15 0.21
6 Months 1.97 0.00 0.07
YTD 1.73 0.10 0.21
1 Year 6.92 0.33 0.39
3 Years 10.07 -0.49 -0.54
5 Years 3.23 -3.26 -1.40
10 Years 21.35 -6.05 -7.21
Quarterly Returns 30/04/2025
Quarter 1 Quarter 2 Quarter 3 Quarter 4
2025 1.76 - - -
2024 0.07 0.53 4.46 -1.69
2023 3.57 -0.39 -1.26 7.14
2022 -6.87 -7.58 -4.32 3.26
Dividend 02/05/2025
12 Month Yield 3.06
2025 0.15
2024 0.44
2023 0.35
2022 0.28
Morningstar Rating™ 31/03/2025
3-Year
5-Year
10-Year
Overall
Volatility Measurements 30/04/2025
3-Yr Volatility 7.44%   3-Yr Sharpe Ratio -0.15
3-Yr Mean Return 0.29%
Investment Style Details -
Morningstar Style Box®_Morningstar:
Equity Style
Size Rel to Cat
Average Mkt Cap (Mil) USD 0 0.00
Market Capitalisation % Of Equity
Valuations and Growth Rates Equity Portfolio Relative to Category
Price/Prospective Earnings 0.00 0.00
Price/Book 0.00 0.00
Price/Sales 0.00 0.00
Price/Cash Flow 0.00 0.00
Dividend-Yield Factor 0.00 0.00
Long-Term Projected Earnings Growth 0.00 0.00
Historical Earnings Growth 0.00 0.00
Sales Growth 0.00 0.00
Cash-Flow Growth 0.00 0.00
Book-Value Growth 0.00 0.00
Fixed Income Style 31/03/2025
Morningstar Style Box®_Morningstar:
Fixed Income Style
Maturity Distribution %
1 To 3 15.80
3 To 5 8.35
5 To 7 -9.39
7 To 10 14.07
10 To 15 11.64
15 To 20 4.22
20 To 30 12.97
Over 30 22.20
Effective Maturity (Y) -
Effective Duration -
Average Credit Quality -
Credit Quality Breakdown % %
AAA 0.40 BB 13.49
AA 2.07 B 0.37
A 26.94 BelowB 0.40
BBB0.21 Not Rated 2.22
AssetAllocation 31/03/2025
Asset Allocation
% Long % Short % Net Assets
Stocks 0.00 0.00 0.00
Bonds 101.38 21.10 80.28
Cash 295.95 270.46 25.49
Other 1.52 7.28 -5.77
World Regions 31/03/2025
% Of Equity Relative to Category
Stock Sector Weightings 31/10/2022
% Of Equity Relative to Category
CyclicalCyclical 0.06 -
Basic MaterialsBasic Materials 0.01 -
Consumer CyclicalConsumer Cyclical 0.02 -
Financial ServicesFinancial Services 0.03 -
Real EstateReal Estate 0.01 -
Sensitive 0.12 -
Communication ServicesCommunication Services 0.02 -
EnergyEnergy 0.00 -
IndustrialsIndustrials 0.04 -
TechnologyTechnology 0.05 -
DefensiveDefensive 0.12 -
Consumer DefensiveConsumer Defensive 0.04 -
HealthcareHealthcare 0.06 -
UtilitiesUtilities 0.02 -
Top 10 Holdings 31/03/2025
Portfolio
Total Number of Equity Holdings 0
Total Number of Bond Holdings 370
Assets in Top 10 Holdings % 9.54
Product Name Sector Country/Region % of Assets
Ford Motor Credit Company LLC United States 1.12
Volkswagen International Finance N.V. Germany 1.07
Citigroup Inc. United States 1.02
Ohio Power Company United States 1.00
Broadcom Inc United States 0.94
BP Capital Markets PLC United Kingdom 0.90
Volkswagen International Finance N.V. Germany 0.89
Bank of America Corp. United States 0.87
Nationwide Building Society United Kingdom 0.87
Worldline SA France 0.86
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 06/06/2012
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd
Fund Manager   Daniel Chen
Manager Start Date   31/03/2023
Education  
University of Pennsylvania
Biography  
Daniel Chen, Managing Director, is the lead portfolio manager for the Fundamental U.S. Investment Grade Credit, Long Duration and Global Corporate strategies within BlackRock’s Global Fixed Income Group. Mr. Chen has been a member of the U.S. Investment Grade Credit Portfolio Management Team since 2015 and a member of the U.S. Investment Grade Credit Platform since 2002. Across the Platform, Daniel has served as the head of U.S. Investment Grade Credit Trading and prior to that, within the Credit Research function with coverage responsibility across Financials, various Industrial sectors, and Utilities. Mr. Chen joined BlackRock in 1999 as an analyst in the Portfolio Analytics Group.
Fund Manager   Max Heufner
Manager Start Date   01/03/2023
Education  
Biography  
Max Huefner, Managing Director, Head of Global Credit Team was named the Lead PM on all Global Corporate portfolios and BGF Global Corporate Bond Fund on 1 March 2023. He brings years of fundamental credit research experience to the role and has been actively managing global credit strategies since 2018. This promotion was in recognition of his important role in the management of Global IG Credit portfolios. Prior to his current role, Mr. Huefner worked at MEAG (asset manager of Munich RE) in Munich where he was a Credit Analyst (July 2018-September 2018). Prior positions include credit portfolio manager at Assenagon (June 2017-July 2018), research analyst at BlackRock (June 2014-May 2017), sell-side credit analyst at UniCredit (April 2011-May 2014) and corporate ratings analyst at Moody's (August 2007-March 2011). Mr. Huefner has an extensive experience covering both fundamental analysis and portfolio management in corporate credit.
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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