Fact sheet: BlackRock GIFGblGovtBdIdx

Fund information
Fund name
BlackRock GIF Global Government Bond Index D2 EUR
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Paul Lucassince 23/10/2012
  • Sid Swaminathansince 23/10/2012
Fund objective
The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund's assets, which reflects the return of the Citigroup World Government Bond Index, the Fund's benchmark index. The Fund aims to invest as far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the benchmark index and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them.
Benchmark
  • Citigroup World Government Bond USD Hedged Index
Investment style
Passive/Tracking
Investment method
Fixed Interest, Physical – Sampled/Optimised
Quick stats
1 Year return
9.5%
1 Year rank in sector
52/287
Sector
FO Fixed Int - Global
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.
0.26%
Fund size
£110m (£118m 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.
73
Top in this sector
Fund name1 Year
Capital Group GHIOL33.2%
Dodge & Cox Global Bond27.5%
La Mondiale Global Bond27.5%
Russell Gbl Bd27.4%
Aberdeen Global II GlGovtBd27%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA32.8%
    Japan23.4%
    France8.2%
    Italy7.4%
    UK6.1%
  • Government Bonds99.8%
    Money Market0.2%
  • US Fixed Interest32.8%
    Japanese Fixed Interest23.4%
    French Fixed Interest8.2%
    Italian Fixed Interest7.4%
    UK Fixed Interest6.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%-0.5%4.7%9.5%26.9%-
Sector-0%2.2%4.4%6%8.6%17.3%
Rank within sector76 / 304294 / 302133 / 30052 / 28719 / 228-
Quartile1st4th2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund8.2%6.9%12.9%--
Sector6.3%-1.6%3.7%-1.6%8.2%
Rank within sector90 / 2967 / 27518 / 236--
Quartile2nd1st1st
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.
5.27
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.
0.91
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.
0.64
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%.
6.94
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.
6.49
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.
0.73
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.
0.12
Price movement
52 week high122.78
52 week low109.59
Current bid price-
Current offer price-
Current mid price120.89
Region
1USA32.81%
2Japan23.43%
3France8.19%
4Italy7.37%
5UK6.11%
6Germany5.91%
7Spain4.23%
8Belgium1.97%
9Netherlands1.79%
Industry sector
1Government Bonds99.81%
2Money Market0.19%
Asset type
1US Fixed Interest32.81%
2Japanese Fixed Interest23.43%
3French Fixed Interest8.19%
4Italian Fixed Interest7.37%
5UK Fixed Interest6.11%
6German Fixed Interest5.91%
7Spanish Fixed Interest4.23%
8Belgian Fixed Interest1.97%
9Dutch Fixed Interest1.79%
Individual holdings
1TREASURY NOTE 0.875 04/15/20190.56%
2TREASURY NOTE 0.875 03/31/20180.52%
3GERMANY(FEDERAL REPUBLIC OF) 0.25% BDS 16/10/20 EUR1000.5%
4TREASURY NOTE 1.125 01/15/20190.49%
5JAPAN(GOVERNMENT OF) 1.5% BDS 20/12/17 JPY50000 `289`0.48%
6JAPAN(GOVERNMENT OF) 0.1% BDS 15/01/18 JPY1000.47%
7JAPAN(GOVERNMENT OF) 0.3% BDS 20/06/18 JPY500000.47%
8TREASURY NOTE 1 03/15/20190.47%
9TREASURY NOTE 1 02/15/20180.43%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund's assets, which reflects the return of the Citigroup World Government Bond Index, the Fund's benchmark index. The Fund aims to invest as far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the benchmark index and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them.
Benchmark
  • Citigroup World Government Bond USD Hedged Index
Investment style
Passive/Tracking
Investment method
Fixed Interest, Physical – Sampled/Optimised
Fund managers
NameSinceBiography
Paul Lucas23/10/2012Paul Lucas CFA, Vice President, is a Portfolio Manager within BlackRock's Portfolio Solutions team, based in London. He is responsible for the management of Fixed Income Portfolios primarily focusing on Rates and Rates Overlay strategies. Prior to joining BlackRock in 2011, Mr. Lucas was a Fixed Income Portfolio Manager at State Street Global Advisors for 3 years, managing government bond portfolios. Prior to this he was a Fixed Income Portfolio Dealer at the same company for 4 years, where he traded fixed income cash and derivative products. He began his career at State Street Global Advisors in 2001 as an Operations Specialist. Mr. Lucas earned a BSc (Hons) degree in Money, Banking & Finance from the University of Birmingham in 2001. He also holds the Investment Management Certificate (IMC) and is a CFA Charter holder.
Sid Swaminathan23/10/2012Sid Swaminathan, Director and portfolio manager, is a member of BlackRock's Model-Based Fixed Income Portfolio Management Group. Mr. Swaminathan's service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was a member of the Portfolio Solutions team. Mr. Swaminathan earned a BS degree, with honors, in computer engineering from the University of Illinois at Urbana-Champaign in 2003 and a Masters degree in financial engineering from the University of California at Berkeley in 2005.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Sweden, South Africa
BlackRock GIF Global Government Bond Index A2 USD
Initial charge5%
Annual charge0.45%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.57%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.69
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGW5N
BlackRock GIF Global Government Bond Index D2 EUR
Initial charge5%
Annual charge0.15%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.89
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF58E
BlackRock GIF Global Government Bond Index F2 USD
Initial charge5%
Annual charge0.15%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.92
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGW5O
BlackRock GIF Global Government Bond Index N2 EUR
Initial charge5%
Annual charge0.15%
Min single investment£50,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.06
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBYA
BlackRock GIF Global Government Bond Index N2 USD
Initial charge5%
Annual charge0.15%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.24%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.03
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGW5P
BlackRock GIF Global Government Bond Index N7 EUR
Initial charge5%
Annual charge0.15%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.6
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF3KC
BlackRock GIF Global Government Bond Index X2 USD
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.09%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.59
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGW5Q
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.