Fixed Income

BGF Fixed Income Global Opportunities Fund

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.


Important Information:
Investors must read the Prospectus for any fund in which they wish to invest. Please contact us at the BlackRock Advisors UK Limited-Dubai Branch for the relevant Prospectus.

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.

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Performance

Performance

Chart

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Distributions

Ex-Date Total Distribution
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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 -1.4 1.0 2.1 -4.1 3.9 3.9 -0.8 -8.6 4.2

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
6.09 -0.50 0.37 0.27 1.53
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.23 0.96 0.22 3.70 6.09 -1.49 1.85 2.77 31.14
  From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
From
30-Sep-2022
To
30-Sep-2023
From
30-Sep-2023
To
30-Sep-2024
Total Return (%)

as of 30-Sep-2024

1.72 2.39 -9.86 0.28 8.90

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 EUR, 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

Net Assets of Fund
as of 13-Dec-2024
USD 6,736,381,700
Fund Launch Date
31-Jan-2007
Fund Base Currency
USD
Initial Charge
5.00%
Management Fee
1.00%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MLIHEA5
Share Class launch date
01-Feb-2007
Share Class Currency
EUR
Asset Class
Fixed Income
Ongoing Charges Figures
1.22%
ISIN
LU0280467159
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Global Flexible Bond - EUR Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
B1PF5R8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29-Nov-2024
3569
Standard Deviation (3y)
as of 30-Nov-2024
4.45%
Modified Duration
as of 29-Nov-2024
3.87
Effective Duration
as of 29-Nov-2024
3.26
WAL to Worst
as of 29-Nov-2024
6.27
12 Month Trailing Dividend Distribution Yield
as of 30-Nov-2024
2.98
Yield to Maturity
as of 29-Nov-2024
5.49
Weighted Average YTM
as of 29-Nov-2024
5.37%
Weighted Avg Maturity
as of 29-Nov-2024
6.27

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class A5 Hedged, as of 30-Nov-2024 rated against 1227 Global Flexible Bond - EUR Hedged Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 13-Feb-2024)
Analyst-Driven % as of 13-Feb-2024
100.00
Data Coverage % as of 13-Feb-2024
100.00

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
UMBS 30YR TBA(REG A) 17.82
FNMA 30YR UMBS 1.05
IRELAND (GOVERNMENT) 2.6 10/18/2034 0.56
INDIA (REPUBLIC OF) 7.37 10/23/2028 0.44
TREASURY NOTE 5 09/30/2025 0.42
Name Weight (%)
TREASURY NOTE 4.5 11/15/2025 0.42
TREASURY NOTE 3.25 06/30/2029 0.40
INDIA (REPUBLIC OF) 7.18 08/14/2033 0.37
TREASURY BOND 2.875 05/15/2052 0.33
JAPAN (GOVERNMENT OF) 20YR #186 1.5 09/20/2043 0.33
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Nov-2024

% of Market Value

Type Fund
¹Allocations are subject to change. Source: BlackRock
as of 29-Nov-2024

% of Market Value

Type Fund
as of 29-Nov-2024

% of Market Value

Type Fund
Allocations subject to change.
as of 29-Nov-2024

% of Market Value

Type Fund
as of 29-Nov-2024

% of Market Value

Type Fund
as of 29-Nov-2024

% of Market Value

Type Fund
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A5 Hedged EUR 6.28 -0.02 -0.32 13-Dec-2024 6.38 6.10 LU0280467159
Class AI2 Hedged EUR 10.34 -0.02 -0.19 13-Dec-2024 10.43 9.83 LU1960221809
Class D4 Hedged EUR 8.58 -0.02 -0.23 13-Dec-2024 8.86 8.40 LU1340096590
Class A1 EUR 9.64 0.00 0.00 13-Dec-2024 9.67 8.97 LU1005244220
Class D2 Hedged GBP 12.50 -0.03 -0.24 13-Dec-2024 12.57 11.68 LU0278463947
Class A2 Hedged GBP 11.26 -0.03 -0.27 13-Dec-2024 11.33 10.57 LU1181257202
Class D4 Hedged GBP 4.58 -0.01 -0.22 13-Dec-2024 4.70 4.42 LU1294567364
Class D4 EUR 13.00 0.00 0.00 13-Dec-2024 13.04 12.06 LU1085283973
Class D5 USD 10.70 -0.03 -0.28 13-Dec-2024 10.84 10.27 LU0737136415
Class A3 USD 10.12 -0.02 -0.20 13-Dec-2024 10.26 9.76 LU1003076939
Class D2 Hedged EUR 11.04 -0.03 -0.27 13-Dec-2024 11.13 10.45 LU0278456651
Class A3 EUR 9.65 0.01 0.10 13-Dec-2024 9.69 8.97 LU1005243339
Class A5 USD 10.18 -0.02 -0.20 13-Dec-2024 10.30 9.77 LU0280465617
Class D5 Hedged EUR 6.30 -0.02 -0.32 13-Dec-2024 6.40 6.11 LU0827879841
Class AI2 EUR 12.38 0.00 0.00 13-Dec-2024 12.41 11.16 LU1960221981
Class A2 Hedged EUR 10.14 -0.03 -0.29 13-Dec-2024 10.23 9.65 LU0278453476
Class A3G USD 10.37 -0.02 -0.19 13-Dec-2024 10.54 10.08 LU2621334601
Class A2 USD 16.36 -0.04 -0.24 13-Dec-2024 16.46 15.30 LU0278466700
Class D2 USD 17.37 -0.04 -0.23 13-Dec-2024 17.45 16.16 LU0278469043
Class A6 USD 11.35 -0.03 -0.26 13-Dec-2024 11.53 11.00 LU1051767835
Class A1 USD 10.11 -0.03 -0.30 13-Dec-2024 10.25 9.76 LU1003076855
Class A10 USD 10.15 -0.03 -0.29 13-Dec-2024 10.36 9.97 LU2708802827
Class A4 USD 10.06 -0.02 -0.20 13-Dec-2024 10.29 9.68 LU1153584997
Class A4 Hedged EUR 8.58 -0.02 -0.23 13-Dec-2024 8.82 8.40 LU0973708182
Class A2 EUR 15.60 0.00 0.00 13-Dec-2024 15.64 14.05 LU1005243255
Class D2 EUR 16.56 0.01 0.06 13-Dec-2024 16.60 14.84 LU1005243503

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

Russell Brownback
Managing Director, Head of Global Macro Positioning for Fixed-Income

  

Aidan Doyle, CFA
Managing Director, Portfolio Manager

  

Literature

Literature