Fact sheet: BlackRock GF $ Sht Drtn Bd

Fund information
Fund name
BlackRock GF USD Short Duration Bond A2 USD
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Thomas Musmannosince 30/06/2008
  • Scott MacLellansince 01/01/2013
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund's assets. The Fund invests at least 80% of its total assets in fixed income (FI) securities. 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 domiciled inside or outside of the US.
Benchmark
  • BofA ML Government Corporate 1-3 Yr Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.8%
1 Year rank in sector
13/18
Sector
FO Fixed Int - USD Short/ Medium Maturity
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.89%
Fund size
£1,474m (£1,543m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
74
Top in this sector
Fund name1 Year
AXA WF EM Shrt Dur Bds5.4%
Threadneedle (L)GblEmMtSTBd4.7%
Natixis LSShtTmEmgMktsBd4.2%
Muzinich Sht Drtn HiYd3.4%
Wells Fargo WW US STHgYdBd3.1%
...more in FO Fixed Int - USD Short/ Medium Maturity

Performance snapshot

Holdings snapshot

  • USA84.3%
    Germany2.7%
    UK2.4%
    Canada1.9%
    Australia1.4%
  • AAA58.2%
    BBB18.5%
    A10.5%
    BB5.3%
    AA5%
  • US Fixed Interest84.3%
    German Fixed Interest2.7%
    UK Fixed Interest2.4%
    Canadian Fixed Interest1.9%
    American Emerging Fixed Interest1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-0.2%0.4%0.8%2.5%8.3%
Sector-0.6%-0.5%0.7%2.3%2.9%7.3%
Rank within sector7 / 207 / 2010 / 1813 / 188 / 156 / 13
Quartile2nd2nd3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.1%0.3%1.1%0.8%4.4%
Sector2.8%-0.1%0.4%0.9%3%
Rank within sector12 / 186 / 174 / 166 / 155 / 13
Quartile3rd2nd1st2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.51
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.41
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
0.68
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
0.83
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.08
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.5
Price movement
52 week high13.02
52 week low12.81
Current bid price-
Current offer price-
Current mid price12.95
Region
1USA84.29%
2Germany2.72%
3UK2.38%
4Canada1.93%
5Australia1.35%
6Money Market1.05%
7Cayman Islands1.04%
8Netherlands0.85%
9International0.82%
Industry sector
1AAA58.24%
2BBB18.46%
3A10.53%
4BB5.34%
5AA5.03%
6B1.07%
7Money Market1.05%
8Non-Rated0.26%
9CCC0.02%
Asset type
1US Fixed Interest84.29%
2German Fixed Interest2.72%
3UK Fixed Interest2.38%
4Canadian Fixed Interest1.93%
5American Emerging Fixed Interest1.46%
6Australian Fixed Interest1.35%
7Money Market1.05%
8Dutch Fixed Interest0.85%
9Global Fixed Interest0.82%
Individual holdings
1TREASURY NOTE 0.75 01/31/20183.35%
2TREASURY NOTE (OTR) 1 10/15/20192.7%
3FNMA 15YR TBA(REG B) 2.5 11/17/20161.91%
4FHLMC 1.29% 05/03/20191.76%
5KFW 1.25 09/30/20191.19%
6MORGAN STANLEY 2.375% BDS 23/07/19 USD10001.14%
7SYNCT_16-2 A1.11%
8TREASURY NOTE 0.625 11/30/20171.09%
9 FHLMC MTN 1 04/27/20181%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund's assets. The Fund invests at least 80% of its total assets in fixed income (FI) securities. 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 domiciled inside or outside of the US.
Benchmark
  • BofA ML Government Corporate 1-3 Yr Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Thomas Musmanno30/06/2008Thomas Musmanno, CFA, Managing Director, is Head of Short Duration within the Multi-Sector Fixed Income Portfolio Management Group. Mr. Musmanno's service with the firm dates back to 1991, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a fixed income and money market portfolio manager. Mr. Musmanno joined MLIM in 1991 as an analyst and held a variety of positions, including fixed income research analyst in trust accounting in Merrill Lynch's Private Client Group. Mr. Musmanno earned a BS degree in finance in 1991 from Siena College and an MBA degree in finance from St. John's University in 1993.
Scott MacLellan01/01/2013Scott MacLellan, CFA, Director, is a portfolio manager on the Short Duration team within the BlackRock Multi-Sector Fixed Income Portfolio Management Group. Prior to assuming his current responsibilities in 2008, Mr. MacLellan was a member of the Global Client Group, focused on Japanese clients. He also served as a product specialist for short duration and LIBOR-benchmarked fixed income products. Previously, Mr. MacLellan spent four years with Nomura BlackRock Asset Management (NBAM), a former joint venture between BlackRock and Nomura Asset Management Co., Ltd, in Tokyo as an account manager. Prior to joining NBAM in 2001, Mr. MacLellan spent a year in the Global Finance and Investment Department of IBJ Leasing in Tokyo. Mr. MacLellan earned a BS degree, with honors, in economics and international development studies from King's College in 1997.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Brunei Darussalam, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Gibraltar, Greece, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Mauritius, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Slovakia, Sweden
BlackRock GF USD Short Duration Bond A1 USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£800
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price8.54
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM432
BlackRock GF USD Short Duration Bond A2 H EUR
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price10.14
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3JH
BlackRock GF USD Short Duration Bond A2 USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price12.95
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM433
BlackRock GF USD Short Duration Bond A3 EUR
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£800
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price8.01
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM451
BlackRock GF USD Short Duration Bond A3 Hedged SGD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.82
CurrencySGD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFK3X
BlackRock GF USD Short Duration Bond A3 USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£800
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price8.53
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeYG54
BlackRock GF USD Short Duration Bond C1 USD
Initial charge-
Annual charge2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.14%
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price8.55
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM436
BlackRock GF USD Short Duration Bond C2 USD
Initial charge-
Annual charge2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.14%
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price10.86
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM437
BlackRock GF USD Short Duration Bond D2 Hedged EUR
Initial charge5%
Annual charge0.4%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.98
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9NC
BlackRock GF USD Short Duration Bond D2 USD
Initial charge5%
Annual charge0.4%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price13.13
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF35P
BlackRock GF USD Short Duration Bond D3 USD
Initial charge5%
Annual charge0.4%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.54%
Bid price-
Offer price-
Mid price9.79
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNJM3
BlackRock GF USD Short Duration Bond E2 EUR
Initial charge3%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price11.25
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM450
BlackRock GF USD Short Duration Bond E2 USD
Initial charge3%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price11.98
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM438
BlackRock GF USD Short Duration Bond I2 Hedged EUR
Initial charge-
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.99
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9ND
BlackRock GF USD Short Duration Bond I2 USD
Initial charge-
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.98
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC05I
BlackRock GF USD Short Duration Bond X2 USD
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.05%
Bid price-
Offer price-
Mid price14.15
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeABX6
Data provided by

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