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 (%) 10.5 5.7 -8.4 3.6 9.1 -3.3 8.1 -0.8 2.9

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

  1y 3y 5y 10y Incept.
7.07 3.62 2.62 4.39 4.32
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.57 -0.58 0.64 3.90 7.07 11.25 13.81 53.71 53.95
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31-Mar-2024

0.37 5.12 2.67 -0.79 7.17

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 17-May-2024 USD 6,662,020,635
Share Class launch date 18-Dec-2013
Fund Launch Date 31-Jan-2007
Share Class Currency EUR
Fund Base Currency USD
Asset Class Fixed Income
Initial Charge 5.00%
Ongoing Charges Figures 1.20%
ISIN LU1005244220
Annual Management Fee 1.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment -
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 BGFGA1E
SEDOL BH89CS9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30-Apr-2024 3335
12 Month Trailing Dividend Distribution Yield as of 30-Apr-2024 2.64
Standard Deviation (3y) as of 30-Apr-2024 6.01%
Yield to Maturity as of 30-Apr-2024 6.03
Modified Duration as of 30-Apr-2024 4.21
Weighted Average YTM as of 30-Apr-2024 5.98%
Effective Duration as of 30-Apr-2024 3.41
Weighted Avg Maturity as of 30-Apr-2024 7.66
WAL to Worst as of 30-Apr-2024 7.66

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.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, 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 A1, as of 30-Apr-2024 rated against 679 Global Flexible Bond - USD Hedged Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - Silver
Morningstar has awarded the Fund a Silver medal. (Effective 03-Apr-2017)

Holdings

Holdings

as of 30-Apr-2024
Name Weight (%)
UMBS 30YR TBA(REG A) 20.03
TREASURY BOND 2.875 05/15/2052 2.30
TREASURY NOTE 2.875 05/15/2032 1.97
FNMA 30YR UMBS SUPER 1.26
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.22
Name Weight (%)
FNMA 30YR UMBS 0.55
TREASURY NOTE 1.125 02/15/2031 0.55
TREASURY (CPI) NOTE 0.25 01/15/2025 0.46
TREASURY NOTE 4.5 11/15/2025 0.45
INDIA (REPUBLIC OF) 7.37 10/23/2028 0.45
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Apr-2024

% of Market Value

Type Fund
¹Allocations are subject to change. Source: BlackRock
as of 30-Apr-2024

% of Market Value

Type Fund
as of 30-Apr-2024

% of Market Value

Type Fund
Allocations subject to change.
as of 30-Apr-2024

% of Market Value

Type Fund
as of 30-Apr-2024

% of Market Value

Type Fund
as of 30-Apr-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 A1 EUR 9.11 -0.02 -0.22 17-May-2024 9.25 8.59 LU1005244220
Class A5 USD 9.93 -0.01 -0.10 17-May-2024 9.99 9.40 LU0280465617
Class A2 USD 15.69 -0.02 -0.13 17-May-2024 15.71 14.66 LU0278466700
Class D5 USD 10.44 -0.01 -0.10 17-May-2024 10.51 9.87 LU0737136415
Class A3G USD 10.22 -0.01 -0.10 17-May-2024 10.34 9.77 LU2621334601
Class D2 Hedged GBP 11.97 -0.02 -0.17 17-May-2024 11.99 11.19 LU0278463947
Class D2 USD 16.60 -0.03 -0.18 17-May-2024 16.63 15.47 LU0278469043
Class A2 Hedged GBP 10.81 -0.02 -0.18 17-May-2024 10.83 10.13 LU1181257202
Class D4 Hedged GBP 4.53 -0.01 -0.22 17-May-2024 4.54 4.24 LU1294567364
Class A2 EUR 14.45 -0.02 -0.14 17-May-2024 14.62 13.31 LU1005243255
Class D2 EUR 15.29 -0.03 -0.20 17-May-2024 15.46 14.03 LU1005243503
Class AI2 EUR 11.47 -0.02 -0.17 17-May-2024 11.61 10.56 LU1960221981
Class A4 Hedged EUR 8.55 -0.01 -0.12 17-May-2024 8.58 8.07 LU0973708182
Class A5 Hedged EUR 6.19 -0.01 -0.16 17-May-2024 6.25 5.92 LU0280467159
Class A10 USD 10.11 -0.01 -0.10 17-May-2024 10.35 9.97 LU2708802827
Class A4 USD 9.93 -0.01 -0.10 17-May-2024 9.94 9.28 LU1153584997
Class D4 Hedged EUR 8.57 -0.02 -0.23 17-May-2024 8.59 8.07 LU1340096590
Class A2 Hedged EUR 9.82 -0.01 -0.10 17-May-2024 9.85 9.27 LU0278453476
Class D2 Hedged EUR 10.66 -0.01 -0.09 17-May-2024 10.68 10.03 LU0278456651
Class A3 EUR 9.12 -0.01 -0.11 17-May-2024 9.25 8.59 LU1005243339
Class AI2 Hedged EUR 10.01 -0.01 -0.10 17-May-2024 10.04 9.45 LU1960221809
Class A1 USD 9.89 -0.02 -0.20 17-May-2024 9.97 9.40 LU1003076855
Class A3 USD 9.90 -0.01 -0.10 17-May-2024 9.97 9.40 LU1003076939
Class D5 Hedged EUR 6.20 -0.01 -0.16 17-May-2024 6.26 5.93 LU0827879841
Class D4 EUR 12.42 -0.02 -0.16 17-May-2024 12.56 11.78 LU1085283973
Class A6 USD 11.15 -0.02 -0.18 17-May-2024 11.29 10.67 LU1051767835

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