Morningstar Fund Report  | 07/04/2025Print

BlackRock Global Funds - European High Yield Bond Fund D4 EUR

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BlackRock Global Funds - European High Yield Bond Fund D4 EUR
Fund-2.0-7.69.64.52.3
+/-Cat1.7-2.41.92.20.7
+/-B’mrk1.1-1.9-0.21.10.4
 
Category: EUR High Yield Bond
Category Benchmark: Morningstar EZN HY Bd GR EUR
Key Stats
NAV
07/04/2025		 EUR 9.62
Day Change -0.81%
Morningstar Category™ EUR High Yield Bond
ISIN LU1258857561
Fund Size (Mil)
31/03/2025		 EUR 598.31
Share Class Size (Mil)
04/04/2025		 EUR 32.38
Max Initial Charge 5.00%
Ongoing Charge
04/02/2025		  0.76%
Morningstar Research
Analyst Report11/10/2024
Jeana Marie Doubell, Analyst
Morningstar, Inc

BlackRock European High Yield Bond boasts an experienced trio of managers who employ a proven approach to high-yield investing. The fund receives a Morningstar Analyst Rating of Silver for its cheapest share classes, while more-expensive share...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: BlackRock Global Funds - European High Yield Bond Fund D4 EUR
The Fund seeks to maximise total return and invest in a manner consistent with the principles of environmental, social and governance (“ESG”) investing. The Fund invests at least 70% of its total assets in high yield fixed income transferable securities, denominated in various currencies, issued by governments and agencies of, and companies domiciled in, or exercising the predominant part of their economic activity in Europe. The Fund may invest in the full spectrum of available fixed income transferable securities, including non-investment grade. Currency exposure is flexibly managed. As part of its investment objective the Fund may invest up to 20% of its total assets in ABS and MBS whether investment grade or not.
Returns
Trailing Returns (GBP)07/04/2025
YTD1.88
3 Years Annualised4.38
5 Years Annualised4.89
10 Years Annualised-
12 Month Yield 5.23
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Jose Aguilar
23/07/2015
James Turner
01/02/2019
Inception Date
23/07/2015

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Bloomberg Pan Eur HY 3% IC Hdg TR EURMorningstar EZN HY Bd GR EUR
Portfolio Profile for  BlackRock Global Funds - European High Yield Bond Fund D4 EUR28/02/2025
Fixed Income
Effective Maturity15.85
Effective Duration2.58
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.020.000.02
Bond98.820.0098.82
Property0.000.000.00
Cash37.1440.36-3.22
Other4.380.004.38
Growth Of 1000 (GBP) 31/03/2025
Fund:  BlackRock Global Funds - European High Yield Bond Fund D4 EUR
Category:  EUR High Yield Bond
Category Index:  Morningstar EZN HY Bd GR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-2.496.549.59-2.02-7.639.604.472.25
+/- Category0.713.862.741.66-2.431.872.180.70
+/- Category Index--1.421.07-1.90-0.201.090.37
% Rank in Category4041388219117
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.81   -0.79-0.80
1 Week-0.37   -0.83-0.81
1 Month-1.47   -2.11-2.10
3 Months1.28   -0.66-0.76
6 Months2.36   -0.44-0.65
YTD1.88   -0.43-0.56
1 Year5.51   1.030.12
3 Years Annualised4.38   0.72-0.23
5 Years Annualised4.89   0.13-0.52
10 Years Annualised-   --
 
Category: EUR High Yield Bond
Category Index: Morningstar EZN HY Bd GR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.25---
20240.760.611.691.34
20231.17-0.062.875.38
2022-3.55-10.340.746.02
2021-3.383.050.93-2.50
2020-9.5212.562.584.90
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAbove Average4 star
5-YearAbove AverageAbove Average4 star
10-Year--Not Rated
OverallAbove AverageAbove Average4 star
 
Category :  EUR High Yield BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.09 %
3-Yr Mean Return4.14 %
 
3-Yr Sharpe Ratio0.01
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EZN HY Bd GR EUR  Morningstar EZN HY Bd GR EUR
3-Yr Beta1.041.04
3-Yr Alpha-0.36-0.36
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)EUR 652
Maturity Distribution %
1 to 313.27
3 to 532.38
5 to 721.18
7 to 104.78
10 to 154.58
15 to 200.00
20 to 301.57
Over 3021.10
Effective Maturity15.85
Effective Duration2.58
Credit Quality Breakdown %     %
AAA0.00   BB45.65
AA0.00   B34.61
A0.00   Below B6.94
BBB10.86   Not Rated1.94
 
Category: EUR High Yield Bond
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.020.000.02
Bond98.820.0098.82
Property0.000.000.00
Cash37.1440.36-3.22
Other4.380.004.38
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings2
Total Number of Bond Holdings410
Assets in Top 10 Holdings8.82
NameSectorCountry% of Assets
BlackRock ICS Euro Liq Agcy (Acc T0)EURIreland2.10
Aroundtown Finance S.a.r.l.Germany0.92
Nexi S.p.A.Italy0.79
Lorca Telecom Bondco S.A.U.Spain0.75
CD&R Firefly Bidco PLCUnited Kingdom0.75
Electricite de France SAFrance0.75
Bellis Acquisition Co PLCUnited Kingdom0.70
Softbank Group Corp.Japan0.69
Helios Software Holdings Inc / Ion Co... United States0.69
Edge Finco PLCUnited Kingdom0.69
 
Increase Decrease New since last portfolio
Category: EUR High Yield Bond
 
Management
Name of CompanyBlackRock (Luxembourg) SA
Phone+44 20 77433000
Websitewww.blackrock.com
Address35 A, avenue J.F. Kennedy,
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date23/07/2015
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd.
Fund ManagerJose Aguilar
Manager Start Date23/07/2015
 
Biography
Jose Aguilar is Managing Director of BlackRock, Inc. since 2016 and Director of BlackRock, Inc. from 2013 to 2016. Previously, Jose was Vice President of BlackRock, Inc. from 2011 to 2013 and Associate of BlackRock, Inc. from 2009 to 2011. Prior to this, Jose was Associate of R3 Capital Partners from 2008 to 2009.
Fund ManagerJames Turner
Manager Start Date01/02/2019
Career Start Year1996
Education
University of Nottingham, B.E.
 
Biography
Mr. Turner joined Oaktree in 2001 and serves as portfolio manager for the European High Yield Bond strategy, co-portfolio manager for the Global High Yield Bond and European Senior Loan strategies and assistant portfolio manager for the European CLO strategy. Over the years he has covered a wide range of sectors and invested through a number of financial cycles. Previously, he was employed by Schroder Salomon Smith Barney as an associate in both the Mergers & Acquisitions and Financial Sponsors divisions, working on a number of high profile public transactions. He qualified as a Chartered Accountant with Deloitte & Touche and is an honours graduate of the University of Nottingham, England.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.55%
Ongoing Charge0.76%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes