Overview
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in high yielding bonds. Companies who issue higher yield bonds typically have an increased risk of defaulting on repayments. In the event of default, the value of your investment may reduce. Economic conditions and interest rate levels may also impact significantly the values of high yield bonds. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held. The fund(s) may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.
All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company
To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.
Performance
Performance
Chart
Distributions
| Ex-Date | Total Distribution |
|---|
-
Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 3.4 | -1.0 | 2.5 | 4.1 | -1.2 | 7.1 | 5.8 | 0.0 | -6.5 | 6.7 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 11.02 | 1.51 | 2.38 | 2.25 | 2.40 |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 5.34 | 1.28 | 4.04 | 4.82 | 11.02 | 4.60 | 12.46 | 24.92 | 29.14 |
| From 30-Sept-2019 To 30-Sept-2020 |
From 30-Sept-2020 To 30-Sept-2021 |
From 30-Sept-2021 To 30-Sept-2022 |
From 30-Sept-2022 To 30-Sept-2023 |
From 30-Sept-2023 To 30-Sept-2024 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of 30/Sept/2024 |
4.04 | 3.34 | -8.32 | 2.77 | 11.02 |
The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past
Share Class and Benchmark performance displayed in USD, hedged share class benchmark performance is displayed in USD.
Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock
Key Facts
Key Facts
Portfolio Characteristics
Portfolio Characteristics
ESG Integration
ESG Integration
ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.
Risk Indicator
Risk Indicator
Ratings
Ratings
Morningstar Medalist Rating
Holdings
Holdings
| Name | Weight (%) |
|---|---|
| UMBS 30YR TBA(REG A) | 18.06 |
| FNMA 30YR UMBS SUPER | 1.08 |
| FNMA 30YR UMBS | 1.02 |
| SPAIN (KINGDOM OF) 3.5 05/31/2029 | 0.72 |
| TREASURY BOND 3.25 05/15/2042 | 0.65 |
| Name | Weight (%) |
|---|---|
| IRELAND (GOVERNMENT) 2.6 10/18/2034 | 0.60 |
| SPAIN (KINGDOM OF) 2.55 10/31/2032 | 0.47 |
| INDIA (REPUBLIC OF) 7.37 10/23/2028 | 0.46 |
| TREASURY NOTE 4.5 11/15/2025 | 0.43 |
| TREASURY NOTE 5 09/30/2025 | 0.42 |
Exposure Breakdowns
Exposure Breakdowns
% of Market Value
Pricing & Exchange
Pricing & Exchange
| Investor Class | Currency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
|---|---|---|---|---|---|---|---|---|
| Class A3 | USD | 10.03 | -0.07 | -0.69 | 31/Oct/2024 | 10.26 | 9.43 | LU1003076939 |
| Class I5 Hedged | JPY | 819.00 | -3.00 | -0.36 | 31/Oct/2024 | 851.00 | 816.00 | LU1791183194 |
| Class I2 Hedged | JPY | 1,065.00 | -4.00 | -0.37 | 31/Oct/2024 | 1,089.00 | 1,022.00 | LU1005243172 |
| Class I3 Hedged | CAD | 9.35 | -0.07 | -0.74 | 31/Oct/2024 | 9.58 | 8.87 | LU1234671672 |
| Class A2 Hedged | JPY | 991.00 | -4.00 | -0.40 | 31/Oct/2024 | 1,013.00 | 958.00 | LU1005243099 |
| Class I2 Hedged | EUR | 11.35 | -0.04 | -0.35 | 31/Oct/2024 | 11.56 | 10.46 | LU0368231436 |
| Class A5 Hedged | SGD | 13.84 | -0.05 | -0.36 | 31/Oct/2024 | 14.20 | 13.25 | LU0280468637 |
| Class A2 Hedged | SGD | 22.29 | -0.07 | -0.31 | 31/Oct/2024 | 22.72 | 20.71 | LU0278465488 |
| Class D2 Hedged | PLN | 19.38 | -0.06 | -0.31 | 31/Oct/2024 | 19.70 | 17.56 | LU0827879684 |
| Class A3G | USD | 10.29 | -0.08 | -0.77 | 31/Oct/2024 | 10.54 | 9.79 | LU2621334601 |
| Class D4 | EUR | 12.41 | -0.06 | -0.48 | 31/Oct/2024 | 12.81 | 11.78 | LU1085283973 |
| Class D4 Hedged | EUR | 8.49 | -0.03 | -0.35 | 31/Oct/2024 | 8.86 | 8.11 | LU1340096590 |
| Class A2 Hedged | EUR | 10.04 | -0.04 | -0.40 | 31/Oct/2024 | 10.23 | 9.32 | LU0278453476 |
| Class A2 | USD | 16.18 | -0.05 | -0.31 | 31/Oct/2024 | 16.46 | 14.75 | LU0278466700 |
| Class A2 Hedged | PLN | 18.24 | -0.06 | -0.33 | 31/Oct/2024 | 18.55 | 16.61 | LU0480534915 |
| Class D2 Hedged | EUR | 10.93 | -0.03 | -0.27 | 31/Oct/2024 | 11.13 | 10.09 | LU0278456651 |
| Class D4 Hedged | CAD | 9.53 | -0.03 | -0.31 | 31/Oct/2024 | 9.92 | 9.01 | LU1270847186 |
| Class A5 | USD | 10.07 | -0.03 | -0.30 | 31/Oct/2024 | 10.30 | 9.45 | LU0280465617 |
| Class D5 | USD | 10.58 | -0.03 | -0.28 | 31/Oct/2024 | 10.84 | 9.93 | LU0737136415 |
| Class I2 Hedged | CHF | 11.31 | -0.04 | -0.35 | 31/Oct/2024 | 11.55 | 10.70 | LU1270847004 |
| Class A5 Hedged | EUR | 6.22 | -0.02 | -0.32 | 31/Oct/2024 | 6.38 | 5.95 | LU0280467159 |
| Class I2 Hedged | AUD | 11.27 | -0.04 | -0.35 | 31/Oct/2024 | 11.47 | 10.33 | LU1786038098 |
| Class A8 Hedged | CNH | 88.33 | -0.37 | -0.42 | 31/Oct/2024 | 90.25 | 84.08 | LU1165523371 |
| Class D5 Hedged | EUR | 6.24 | -0.02 | -0.32 | 31/Oct/2024 | 6.40 | 5.96 | LU0827879841 |
| Class I2 Hedged | GBP | 12.56 | -0.04 | -0.32 | 31/Oct/2024 | 12.77 | 11.43 | LU0999670564 |
| Class A2 Hedged | GBP | 11.13 | -0.04 | -0.36 | 31/Oct/2024 | 11.33 | 10.19 | LU1181257202 |
| Class A1 | USD | 10.04 | -0.04 | -0.40 | 31/Oct/2024 | 10.25 | 9.44 | LU1003076855 |
| Class D2 Hedged | GBP | 12.35 | -0.04 | -0.32 | 31/Oct/2024 | 12.57 | 11.26 | LU0278463947 |
| Class A2 | EUR | 14.90 | -0.06 | -0.40 | 31/Oct/2024 | 15.09 | 13.74 | LU1005243255 |
| Class S2 Hedged | EUR | 10.58 | -0.03 | -0.28 | 31/Oct/2024 | 10.77 | 9.75 | LU1992159654 |
| Class I2 | USD | 13.76 | -0.04 | -0.29 | 31/Oct/2024 | 13.99 | 12.46 | LU0986736956 |
| Class I5 | JPY | 1,503.00 | -12.00 | -0.79 | 31/Oct/2024 | 1,573.00 | 1,370.00 | LU1926936912 |
| Class S5 | USD | 10.13 | -0.03 | -0.30 | 31/Oct/2024 | 10.38 | 9.51 | LU1992159068 |
| Class A3 | EUR | 9.24 | -0.07 | -0.75 | 31/Oct/2024 | 9.39 | 8.79 | LU1005243339 |
| Class D2 | USD | 17.16 | -0.06 | -0.35 | 31/Oct/2024 | 17.45 | 15.56 | LU0278469043 |
| Class D4 Hedged | GBP | 4.52 | -0.02 | -0.44 | 31/Oct/2024 | 4.70 | 4.26 | LU1294567364 |
| Class D5 Hedged | CHF | 8.06 | -0.03 | -0.37 | 31/Oct/2024 | 8.31 | 7.91 | LU1681056062 |
| Class A6 | USD | 11.27 | -0.07 | -0.62 | 31/Oct/2024 | 11.53 | 10.70 | LU1051767835 |
| Class A1 | EUR | 9.25 | -0.04 | -0.43 | 31/Oct/2024 | 9.38 | 8.79 | LU1005244220 |
| Class D2 Hedged | SGD | 23.66 | -0.08 | -0.34 | 31/Oct/2024 | 24.10 | 21.87 | LU0827879767 |
| Class D2 | EUR | 15.80 | -0.07 | -0.44 | 31/Oct/2024 | 16.00 | 14.51 | LU1005243503 |
| Class D2 Hedged | CHF | 10.53 | -0.04 | -0.38 | 31/Oct/2024 | 10.75 | 9.97 | LU0972027022 |
| Class S2 Hedged | CHF | 10.05 | -0.03 | -0.30 | 31/Oct/2024 | 10.26 | 9.51 | LU1992159902 |
| Class A4 Hedged | EUR | 8.50 | -0.02 | -0.23 | 31/Oct/2024 | 8.82 | 8.11 | LU0973708182 |
| Class S2 | USD | 11.72 | -0.04 | -0.34 | 31/Oct/2024 | 11.92 | 10.62 | LU1992160157 |
| Class A6 Hedged | HKD | 82.15 | -0.55 | -0.67 | 31/Oct/2024 | 84.15 | 78.96 | LU1051769021 |
| Class A2 Hedged | CHF | 9.56 | -0.04 | -0.42 | 31/Oct/2024 | 9.77 | 9.10 | LU1121327164 |
| Class A10 | USD | 10.09 | -0.09 | -0.88 | 31/Oct/2024 | 10.36 | 9.97 | LU2708802827 |
| Class I5 GBP Hedged | GBP | 9.59 | -0.03 | -0.31 | 31/Oct/2024 | 9.83 | 9.05 | LU1877503935 |
| Class S4 Hedged | EUR | 9.15 | -0.03 | -0.33 | 31/Oct/2024 | 9.54 | 8.74 | LU1992161049 |
| Class I5 | USD | 9.85 | -0.03 | -0.30 | 31/Oct/2024 | 10.09 | 9.25 | LU1083819141 |
| Class I5 Hedged | EUR | 8.26 | -0.03 | -0.36 | 31/Oct/2024 | 8.48 | 7.90 | LU1129992308 |
| Class A4 | USD | 9.95 | -0.03 | -0.30 | 31/Oct/2024 | 10.29 | 9.33 | LU1153584997 |
| Class A2 Hedged | SEK | 103.25 | -0.35 | -0.34 | 31/Oct/2024 | 105.24 | 96.05 | LU1121320748 |
| Class A8 Hedged | AUD | 8.51 | -0.05 | -0.58 | 31/Oct/2024 | 8.69 | 8.07 | LU1165522480 |
Portfolio Managers
Portfolio Managers
