Fixed Income

BGF Fixed Income Global Opportunities Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
View full table
  From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of Sep 30, 2020

0.72 2.44 -2.78 1.84 1.71
  1Y 3Y 5Y 10y Incept.
3.71 0.95 1.04 2.14 2.12
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
3.09 2.08 1.77 3.71 2.89 5.30 23.56 33.64
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Dec 3, 2020 USD 10,165.263
12m Trailing Yield -
Number of Holdings as of Oct 30, 2020 3121
Base Currency U.S. Dollar
Fund Inception Date Jan 31, 2007
Share Class Inception Date Feb 1, 2007
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - EUR Hedged
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.22%
ISIN LU0278453476
Bloomberg Ticker MLIHEA2
Annual Management Fee 1.00%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B1PF620
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Oct 30, 2020 2.92%
Modified Duration as of Oct 30, 2020 4.45 yrs
Effective Duration as of Oct 30, 2020 3.31 yrs
Weighted Avg Maturity as of Oct 30, 2020 6.42 yrs
WAL to Worst as of Oct 30, 2020 6.42 yrs

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Oct 30, 2020 0.00%
MSCI - UN Global Compact Violators as of Oct 30, 2020 1.06%
MSCI - Nuclear Weapons as of Oct 30, 2020 0.29%
MSCI - Thermal Coal as of Oct 30, 2020 0.02%
MSCI - Civilian Firearms as of Oct 30, 2020 0.00%
MSCI - Oil Sands as of Oct 30, 2020 0.00%
MSCI - Tobacco as of Oct 30, 2020 0.05%

Business Involvement Coverage as of Oct 30, 2020 26.38%
Percentage of Fund not covered as of Oct 30, 2020 73.62%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.18% and for Oil Sands 0.19%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class A2 Hedged, as of Nov 30, 2020 rated against 624 Global Flexible Bond - EUR 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 Apr 22, 2020)

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
TREASURY (CPI) NOTE 0.5 04/15/2024 3.14
FNMA 30YR 2018 PRODUCTION 2.17
FHLMC 30YR UMBS MIRROR 1.57
FNMA 30YR 2019 PRODUCTION 1.45
ITALY (REPUBLIC OF) 2.45 09/01/2050 1.40
Name Weight (%)
TREASURY (CPI) NOTE 0.125 04/15/2025 1.23
TREASURY NOTE 1.5 08/31/2021 1.17
INDIA (REPUBLIC OF) 7.26 01/14/2029 0.99
TREASURY NOTE 1.5 09/30/2021 0.98
FNMA 30YR 4.5% LTV > 90 2018 0.97
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% 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 Oct 30, 2020

% of Market Value

Type Fund
Allocations subject to change.
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A2 Hgd EUR Accumulating 10.35 0.01 0.10 10.35 9.11 - LU0278453476 - -
E2 Hgd EUR Accumulating 9.67 0.01 0.10 9.67 8.54 - LU0278456818 - -
C5 USD Quarterly 10.51 0.01 0.10 10.51 9.25 - LU0280466938 - -
I2 Hgd JPY Accumulating 1,142.00 1.00 0.09 1,142.00 998.00 - LU1005243172 - -
I2 Hgd CHF Accumulating 11.91 0.01 0.08 11.91 10.44 - LU1270847004 - -
X2 Hgd SEK Accumulating 11.28 0.02 0.18 11.28 9.81 - LU1153584724 - -
A2 USD Accumulating 15.56 0.02 0.13 15.56 13.55 - LU0278466700 - -
D4 Hgd EUR Annual 9.56 0.01 0.10 9.62 8.58 - LU1340096590 - -
Class I5 Hedged JPY Quarterly 986.00 2.00 0.20 986.00 870.00 - LU1791183194 - -
D2 Hgd PLN Accumulating 17.40 0.02 0.12 17.40 15.18 - LU0827879684 - -
A5 Hgd SGD Quarterly 15.05 0.02 0.13 15.05 13.24 - LU0280468637 - -
A5 Hgd EUR Quarterly 7.00 0.00 0.00 7.00 6.20 - LU0280467159 - -
D5 USD Quarterly 11.11 0.01 0.09 11.11 9.74 - LU0737136415 - -
C2 USD Accumulating 13.10 0.02 0.15 13.10 11.51 - LU0278467773 - -
A2 Hgd PLN Accumulating 16.71 0.02 0.12 16.71 14.63 - LU0480534915 - -
I2 Hgd EUR Accumulating 11.40 0.01 0.09 11.40 9.98 - LU0368231436 - -
D4 Hgd CAD Annual 10.18 0.02 0.20 10.21 9.08 - LU1270847186 - -
D2 Hgd EUR Accumulating 11.04 0.01 0.09 11.04 9.68 - LU0278456651 - -
A2 Hgd SGD Accumulating 22.19 0.03 0.14 22.19 19.39 - LU0278465488 - -
E2 USD Accumulating 14.48 0.02 0.14 14.48 12.66 - LU0278469472 - -
D4 EUR Annual 11.63 -0.06 -0.51 12.90 11.57 - LU1085283973 - -
A5 USD Quarterly 10.57 0.02 0.19 10.57 9.27 - LU0280465617 - -
Class I3 Hedged CAD Monthly 10.01 0.01 0.10 10.01 8.86 - LU1234671672 - -
D5 Hgd CHF Quarterly 9.52 0.01 0.11 9.52 8.44 - LU1681056062 - -
X2 Hgd CHF Accumulating 12.37 0.02 0.16 12.37 10.80 - LU1263143379 - -
A6 USD Monthly 12.37 0.01 0.08 12.38 11.09 - LU1051767835 - -
A2 Hgd GBP Accumulating 10.95 0.01 0.09 10.95 9.60 - LU1181257202 - -
A2 Hgd JPY Accumulating 1,091.00 2.00 0.18 1,091.00 957.00 - LU1005243099 - -
D2 USD Accumulating 16.18 0.02 0.12 16.18 14.05 - LU0278469043 - -
Class AI2 Hedged EUR - 10.54 0.00 0.00 10.54 9.28 - LU1960221809 - -
A1 USD Daily 10.56 0.02 0.19 10.56 9.29 - LU1003076855 - -
D5 Hgd EUR Quarterly 7.02 0.01 0.14 7.02 6.21 - LU0827879841 - -
I2 Hgd AUD - 10.98 0.02 0.18 10.98 9.57 - LU1786038098 - -
D2 Hgd SGD Accumulating 23.11 0.03 0.13 23.11 20.12 - LU0827879767 - -
I5 JPY Quarterly 1,074.00 -6.00 -0.56 1,134.00 997.00 - LU1926936912 - -
D2 Hgd GBP Accumulating 11.92 0.02 0.17 11.92 10.41 - LU0278463947 - -
Class AI2 EUR - 10.16 -0.05 -0.49 11.06 9.95 - LU1960221981 - -
Class S5 USD Quarterly 10.63 0.00 0.00 10.63 9.33 - LU1992159068 - -
X2 Hgd GBP Accumulating 11.91 0.02 0.17 11.91 10.36 - LU0278465058 - -
X3 Hgd EUR Monthly 9.39 0.01 0.11 9.39 8.36 - LU1003077317 - -
J3 USD Monthly 10.56 0.02 0.19 10.56 9.31 - LU1003077150 - -
Class S2 Hedged EUR - 10.63 0.00 0.00 10.63 9.33 - LU1992159654 - -
A1 EUR Daily 8.68 -0.04 -0.46 9.56 8.59 - LU1005244220 - -
A8 Hgd CNH Monthly 98.61 0.16 0.16 98.65 87.61 - LU1165523371 - -
I2 USD Accumulating 12.90 0.02 0.16 12.90 11.18 - LU0986736956 - -
C1 EUR Daily 8.68 -0.04 -0.46 9.56 8.59 - LU1005244493 - -
A3 EUR Monthly 8.67 -0.04 -0.46 9.56 8.59 - LU1005243339 - -
E2 EUR Accumulating 11.91 -0.05 -0.42 13.01 11.70 - LU1005243685 - -
X2 USD Accumulating 12.60 0.01 0.08 12.60 10.90 - LU0278469985 - -
A3 USD Monthly 10.55 0.02 0.19 10.55 9.29 - LU1003076939 - -
C1 USD Daily 10.56 0.02 0.19 10.56 9.29 - LU1003077077 - -
A2 Hgd CHF Accumulating 10.33 0.01 0.10 10.33 9.10 - LU1121327164 - -
Class S2 Hedged CHF - 10.59 0.00 0.00 10.59 9.30 - LU1992159902 - -
D2 Hgd CHF Accumulating 11.15 0.01 0.09 11.15 9.79 - LU0972027022 - -
A4 Hgd EUR Annual 9.55 0.01 0.10 9.58 8.56 - LU0973708182 - -
I2 Hgd GBP Accumulating 12.04 0.01 0.08 12.04 10.51 - LU0999670564 - -
X3 USD Monthly 10.55 0.01 0.09 10.55 9.31 - LU1003077234 - -
A2 EUR Accumulating 12.80 -0.06 -0.47 13.93 12.53 - LU1005243255 - -
A6 Hgd HKD Monthly 93.32 0.13 0.14 93.34 83.53 - LU1051769021 - -
Class X5 Hedged EUR Quarterly 9.63 0.02 0.21 9.63 8.51 - LU1685502194 - -
Class I5 GBP Hedged GBP Quarterly 10.31 0.02 0.19 10.31 9.09 - LU1877503935 - -
X3 Hgd AUD Monthly 10.88 0.01 0.09 10.88 9.64 - LU1003077820 - -
D2 EUR Accumulating 13.31 -0.06 -0.45 14.43 12.99 - LU1005243503 - -
Class S4 Hedged EUR Annual 10.28 0.00 0.00 10.36 9.24 - LU1992161049 - -
D4 Hgd GBP Annual 4.86 0.01 0.21 4.88 4.34 - LU1294567364 - -
Class I5 Hedged EUR Quarterly 9.31 0.01 0.11 9.31 8.23 - LU1129992308 - -
X2 Hgd EUR Accumulating 12.08 0.02 0.17 12.08 10.54 - LU0278456909 - -
Class S2 USD - 10.99 0.00 0.00 10.99 9.55 - LU1992160157 - -
A2 Hgd SEK Accumulating 105.73 0.14 0.13 105.73 92.76 - LU1121320748 - -
I5 USD Quarterly 10.35 0.02 0.19 10.35 9.06 - LU1083819141 - -
X2 Hgd AUD Accumulating 12.99 0.02 0.15 12.99 11.28 - LU1093512371 - -
A8 Hgd AUD Monthly 9.42 0.02 0.21 9.42 8.42 - LU1165522480 - -
X2 Hgd CAD Accumulating 12.05 0.02 0.17 12.05 10.45 - LU1214678283 - -
Class X5 Hedged GBP Quarterly 9.76 0.02 0.21 9.76 8.59 - LU1165522217 - -
I2 Hgd CAD Accumulating 11.93 0.01 0.08 11.93 10.39 - LU1136394076 - -
A4 USD Annual 10.43 0.01 0.10 10.43 9.25 - LU1153584997 - -
C2 EUR Accumulating 10.78 -0.05 -0.46 11.85 10.64 - LU1005243412 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Chief Investment Officer, Global Fixed Income

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.

Bob Miller
Managing Director, Head of Americas Fundamental Fixed Income

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.

Aidan Doyle (FI)
Aidan Doyle (FI)

Literature

Literature