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BlackRock Global Funds - Euro Corporate Bond Fund A2
BlackRock Global Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: SICAV

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 70% of its total assets in fixed income securities which are denominated in euro. These include bonds and money market instruments (i.e. debt securities with short term maturities). At least 70% of the Fund’s total assets will be issued by companies whether domiciled in countries inside or outside of the Eurozone and will be investment grade (i.e. meet a specified level of credit worthiness) at the time of purchase. The remainder may include investments with a relatively low credit rating or which are unrated. The investment adviser (IA) may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to achieve the investment objective of the Fund, and/or to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income. The Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). The Fund is actively managed, and the IA has discretion to select the Fund's investments. In doing so, the IA will refer to the ICE BofAML Euro Corporate Index (the “Index”) when constructing the Fund’s portfolio, and also for risk management purposes to ensure that the active risk (i.e. degree of deviation from the index) taken by the Fund remains appropriate given the Fund’s investment objective and policy. The IA is not bound by the components or weighting of the Index when selecting investments. The IA may also use its discretion to invest in securities not included in the Index in order to take advantage of specific investment opportunities. However, the geographical scope of the investment objective and policy may have the effect of limiting the extent to which the portfolio holdings will deviate from the Index. The Index should be used by investors to compare the performance of the Fund. Recommendation: This Fund may not be appropriate for short-term investment. Your shares will be non-distributing (i.e. dividend income will be included in their value). Your shares will be denominated in Euro, the Fund's base currency. You can buy and sell your shares daily. The minimum initial investment for this share class is US$5,000 or other currency equivalent. For more information on the Fund, share/unit classes, risks and charges, please see the Fund's prospectus, available on the product pages at www.blackrock.com

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Bronze
Bronze
Risk and reward profile
3
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 04/08/202117.94
Morningstar categoryEUR Corporate Bond
CurrencyEUR
Distribution statusAccumulating
ISINLU0162658883
Inception Date31/07/2006
Minimum initial amount100.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.01% of which 0.32% is paid to MeDirect
Fund management company
AddressBlackRock (Luxembourg) SA 6D route de Trèves Luxembourg L-2633 Luxembourg
Manager NameTom Mondelaers
Manager Start Date01/07/2009
Websitewww.blackrock.com
Total Net Assets (mil)3,312.75 EUR (31/07/2021)
UCITSYes
Administrator-

Documents

Prospectus
en 10/05/2021
Annual Report
en 31/08/2020
Semi Annual Report
en 28/02/2021
Morningstar Report
05/08/2021

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year2.93%04/08/2021
3 years2.72%04/08/2021
5 years1.97%04/08/2021
10 years3.69%04/08/2021
Since launch3.26%04/08/2021
Cumulative performance in EUR
Performance
YTD 01/01/20210.45
1 month1.07
3 months1.18
6 months0.67
Quarterly Returns
Q 1Q 2Q 3Q 4
2021-0.84%0.06%--
2020-6.72%5.48%2.04%2.12%
20193.19%2.38%1.28%-0.23%
2018-0.60%-0.24%0.55%-1.33%
20170.19%0.74%0.92%0.67%
Dividend

Analysis

Asset Allocation
% Long% Short% Net Assets
Stock0.00%0.00%0.00%
Bond101.54%10.64%90.90%
Cash15.73%12.42%3.31%
Other5.78%0.00%5.78%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
2.095.214.18
Sharpe Ratio
1.580.620.58
Sortino Ratio
3.350.800.76
Positive Months8.0023.0034.00
Negative Months4.0013.0026.00
Worst Month-0.95-6.82-6.82
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
Euro Bobl Future Sept 21 08/09/2021Germany3.85
Euro Bund Future Sept 21 08/09/2021Germany3.15
EDP Finance B.V. 1.125% 12/02/2024Portugal0.93
Credit Suisse Group AG 0.65% 14/01/2028Switzerland0.82
Fraport AG 1.875% 31/03/2028Germany0.74
Chorus Ltd 1.125% 18/10/2023New Zealand0.69
Becton, Dickinson and Company 1.401% 24/05/2023United States0.69
Takeda Pharmaceutical Company Limited 2% 09/07/2040Japan0.60
Veolia Environnement S.A. 2.25% 31/12/2049France0.60
Bellis Acquisition Company Plc 3.25% 16/02/2026United Kingdom0.59
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Fixed Income Style
Large
Interest Rate Sensitivity
Mid
Small
Value
Blend
Growth
Credit Quality
17.94
Closing Price
All key information and documents must be reviewed before being able to Invest.

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MeDirect Bank (Malta) plc, company registration number C34125, is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994.