Fixed Income

BGF Fixed Income Global Opportunities Fund

  • NAV as of 18-Aug-2022 USD 9.91
    52 WK: 9.76 - 10.60
  • 1 Day NAV Change as of 18-Aug-2022 0.00 (0.00%)
  • Morningstar Rating

Overview

Investment Approach

The Fund aims to achieve a return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests primarily in fixed income securities (such as bonds) on a global basis and money-market instruments (i.e. debt securities with short term maturities). The fixed income securities and money-market instruments may be issued by governments, government agencies, companies and supranationals.

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.
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Performance

Performance

Chart

Performance chart data not available for display.
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Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. The value of the investments may go up or down and the investor may not get back the amount invested. Performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees.

Distributions

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Total Distribution
Missing calendar year returns data
  1y 3y 5y 10y Incept.
Total Return (%) -5.37 0.78 1.52 - 1.84
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) -4.80 1.39 -0.97 -3.68 -5.37 2.37 7.81 - 17.05
  From
30-Jun-2017
To
30-Jun-2018		 From
30-Jun-2018
To
30-Jun-2019		 From
30-Jun-2019
To
30-Jun-2020		 From
30-Jun-2020
To
30-Jun-2021		 From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of 30-Jun-2022

1.14 4.33 2.52 5.95 -6.64

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged fund 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 18-Aug-2022 USD 9,189,470,776
Share Class launch date 11-Dec-2013
Fund Launch Date 31-Jan-2007
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.22%
Annual Management Fee 1.00%
Performance Fee 0.00%
Minimum Initial Investment USD 5,000.00
Minimum Subsequent Investment USD 1,000.00
Distribution Frequency Monthly
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Flexible Bond - USD Hedged
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFGA3U
ISIN LU1003076939
SEDOL BH65TV1

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 29-Jul-2022 3096
12m Trailing Yield as of 31-Jul-2022 1.27
Standard Deviation (3y) as of 31-Jul-2022 5.67%
Yield to Maturity as of 29-Jul-2022 3.79
Modified Duration as of 29-Jul-2022 2.36
Weighted Average YTM as of 29-Jul-2022 3.67%
Effective Duration as of 29-Jul-2022 1.89
Weighted Avg Maturity as of 29-Jul-2022 5.70
WAL to Worst as of 29-Jul-2022 5.70

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

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 A3, as of 31-Jul-2022 rated against 553 Global Flexible Bond - USD Hedged Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 15-Mar-2022)

Holdings

Holdings

as of 29-Jul-2022
Name Weight (%)
TREASURY NOTE 1.25 11/30/2026 10.96
TREASURY NOTE 2.875 05/15/2032 5.00
TREASURY BOND 2.875 05/15/2052 2.71
TREASURY (CPI) NOTE 0.125 04/15/2027 2.50
FHLMC 30YR UMBS 1.83
Name Weight (%)
FNMA 30YR 2019 PRODUCTION 1.79
FNMA 30YR 2018 PRODUCTION 1.75
TREASURY (CPI) NOTE 0.5 04/15/2024 1.23
TREASURY NOTE 2.625 05/31/2027 1.21
TREASURY (CPI) NOTE 0.125 04/15/2026 0.95
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jul-2022

% of Market Value

Type Fund
Negative weightings may result from specific circumstances (including timing differences between trade and settlement 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.
as of 29-Jul-2022

% of Market Value

Type Fund
as of 29-Jul-2022

% of Market Value

Type Fund
Allocations subject to change.
as of 29-Jul-2022

% of Market Value

Type Fund
as of 29-Jul-2022

% of Market Value

Type Fund
as of 29-Jul-2022

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class A3 USD Monthly 9.91 0.00 0.00 18-Aug-2022 10.60 9.76 LU1003076939 -
Class D5 USD Quarterly 10.43 0.00 0.00 18-Aug-2022 11.16 10.25 LU0737136415 -
Class D4 Hedged EUR Annual 8.90 0.00 0.00 18-Aug-2022 9.67 8.77 LU1340096590 -
Class D4 EUR Annual 13.27 0.06 0.45 18-Aug-2022 13.27 11.88 LU1085283973 -
Class D2 USD None 15.69 0.00 0.00 18-Aug-2022 16.50 15.41 LU0278469043 -
Class D2 Hedged EUR None 10.49 0.00 0.00 18-Aug-2022 11.18 10.34 LU0278456651 -
Class A5 USD Quarterly 9.92 0.00 0.00 18-Aug-2022 10.62 9.75 LU0280465617 -
Class D5 Hedged EUR Quarterly 6.46 0.00 0.00 18-Aug-2022 7.01 6.36 LU0827879841 -
Class A2 Hedged GBP None 10.47 0.00 0.00 18-Aug-2022 11.10 10.30 LU1181257202 -
Class A3 EUR Monthly 9.79 0.04 0.41 18-Aug-2022 9.80 8.91 LU1005243339 -
Class A1 USD Monthly 9.91 0.00 0.00 18-Aug-2022 10.60 9.77 LU1003076855 -
Class A5 Hedged EUR Quarterly 6.44 0.00 0.00 18-Aug-2022 6.99 6.35 LU0280467159 -
Class D4 Hedged GBP Annual 4.59 0.00 0.00 18-Aug-2022 4.94 4.51 LU1294567364 -
Class A2 EUR None 14.78 0.07 0.48 18-Aug-2022 14.78 13.29 LU1005243255 -
Class A4 USD Annual 9.88 0.00 0.00 18-Aug-2022 10.59 9.71 LU1153584997 -
Class A4 Hedged EUR Annual 8.86 -0.01 -0.11 18-Aug-2022 9.63 8.74 LU0973708182 -
Class A2 Hedged EUR None 9.75 0.00 0.00 18-Aug-2022 10.44 9.61 LU0278453476 -
Class A1 EUR Monthly 9.79 0.04 0.41 18-Aug-2022 9.80 8.92 LU1005244220 -
Class D2 EUR None 15.50 0.07 0.45 18-Aug-2022 15.50 13.87 LU1005243503 -
Class AI2 EUR - 11.73 0.06 0.51 18-Aug-2022 11.73 10.55 LU1960221981 -
Class A2 USD None 14.96 0.00 0.00 18-Aug-2022 15.80 14.70 LU0278466700 -
Class A6 USD Monthly 11.32 0.00 0.00 18-Aug-2022 12.31 11.16 LU1051767835 -
Class D2 Hedged GBP None 11.49 0.00 0.00 18-Aug-2022 12.13 11.30 LU0278463947 -
Class AI2 Hedged EUR - 9.94 0.00 0.00 18-Aug-2022 10.64 9.80 LU1960221809 -

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Portfolio Manager, BlackRock’s Green Bond Mandates

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income.

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Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Allocation Investment Team in the Multi-Asset Strategies Group, a member of BlackRock's Global Operating Committee and Chairman of the firm-wide BlackRock Investment Council. Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets.

 

Aidan Doyle
Aidan Doyle
CFA, Director

Aidan Doyle, CFA, Director, is a portfolio manager within the Global Bond Team.

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Aidan Doyle, CFA, Director, is a portfolio manager within the Global Bond Team. He is co-lead manager for the BGF World Bond Fund, the BGF Global Government Bond Fund, the BGF Fixed Income Global Opportunities Fund, BGF ESG Fixed Income Global Opportunities Fund, and the BGF US Dollar Bond Fund.

Mr. Doyle began his career at BlackRock in 2010 when he joined the Global Bond Team as a portfolio manager. He is responsible for developing macro directional and relative value investment strategies and managing the team's global aggregate and global government bond portfolios.

Mr Doyle. has a MSc degree in Finance from the Imperial College London, with a focus on fixed income and derivatives. He earned a BA degree in Economics, with honors, from Trinity College Dublin, with a focus on financial economics.

Bob Miller
Bob Miller
Managing Director

Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee.

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Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee. He is a portfolio manager of BlackRock's Core Bond, Total Return, and Strategic Income Opportunities Funds.

Prior to joining BlackRock in 2011, Mr. Miller was a co-founder and partner at the Round Table Investment Management Company, a multi-strategy, research-based investment company, where he managed a global macro strategy. Previously, Mr. Miller spent 20 years at Bank of America, where he served in a variety of roles, most recently as senior portfolio manager for the bank's proprietary multi-asset investment portfolio. Mr. Miller managed global interest rate, credit and foreign exchange portfolios during his tenure at Bank of America.

Mr. Miller is a former Trustee of Davidson College where he served as Chair of the Investment Committee, member of the Athletics Committee and member of the Presidential Search Committee. He currently serves as an advisor to the Investment Committee and is also actively involved with the Davidson July Experience program. Mr. Miller is a former Trustee and past Chairman of the Board at Trinity Episcopal School in Charlotte, NC. He currently serves as an advisor to the TES Investment Committee. He previously served as an advisor to the Investment Committee of St. Mary's School in Raleigh, NC.  Mr. Miller is a member of the Chairmen's Circle with the Central Park Conservancy in New York City. 

He earned a BA degree in economics from Davidson College.

Literature

Literature