Fixed Income

BlackRock Global Absolute Return Bond 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

This fund does not have any distributions data as of now.
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of Dec 31, 2020

0.14 0.97 -3.69 1.29 2.65
Benchmark (%)

as of Dec 31, 2020

-0.22 -0.33 -0.33 -0.34 -0.39
  1Y 3Y 5Y 10y Incept.
2.82 -0.03 0.47 - 0.58
Benchmark (%)

as of Jan 31, 2021

-0.41 -0.36 -0.33 - -0.10
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
0.22 0.22 1.70 2.82 -0.09 2.36 - 5.11
Benchmark (%)

as of Jan 31, 2021

-0.05 -0.05 -0.13 -0.41 -1.08 -1.65 - -0.84
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 Mar 2, 2021 EUR 158.050
12m Trailing Yield -
Number of Holdings as of Jan 29, 2021 741
Base Currency Euro
Fund Inception Date May 25, 2012
Share Class Inception Date May 25, 2012
Asset Class Fixed Income
Morningstar Category Alt - Long/Short Credit
Benchmark Index 3 Month Euribor Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.29%
ISIN LU0783530669
Bloomberg Ticker BRGARA2
Annual Management Fee 1.00%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B4MWFM8
Bloomberg Benchmark Ticker EURIBOR3MO
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 Jan 29, 2021 1.24%
Modified Duration as of Jan 29, 2021 0.39 yrs
Effective Duration as of Jan 29, 2021 0.02 yrs
Weighted Avg Maturity as of Jan 29, 2021 4.52 yrs
3y Volatility - Benchmark as of Feb 28, 2021 0.03
3y Beta as of Jan 31, 2021 31.431
5y Volatility - Benchmark as of Feb 28, 2021 0.03
5y Beta as of Jan 31, 2021 19.319
WAL to Worst as of Jan 29, 2021 4.52 yrs

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.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for BlackRock Global Absolute Return Bond Fund, Class A2, as of Jul 31, 2018 rated against 364 Alt - Long/Short Credit Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jan 29, 2021
Name Weight (%)
ISHARES EURO ULTRASHORT BOND UCITS 3.89
ISH EUR CORP BND 1-5 ETF EUR DIST 2.34
AUSTRALIA (COMMONWEALTH OF) 1.75 06/21/2051 1.12
CHINA DEVELOPMENT BANK 2.89 06/22/2025 0.97
RMS_29 B RegS 0.71
Name Weight (%)
HFHL_20-2 B RegS 0.68
OATH_2 A RegS 0.67
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.85 06/04/2027 0.63
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 0.63
SPAIN (KINGDOM OF) 0.5 04/30/2030 0.60
Holdings 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 EUR Accumulating 105.54 -0.15 -0.14 105.79 93.34 - LU0783530669 - -
I2 Hgd GBP - 106.73 -0.15 -0.14 106.95 93.31 - LU1834329234 - -
X2 EUR Accumulating 117.69 -0.16 -0.14 117.93 102.86 - LU0783530743 - -
I2 Hgd SEK Accumulating 1,060.65 -1.37 -0.13 1,062.78 927.82 - LU1129992647 - -
I2 EUR Accumulating 106.52 -0.15 -0.14 106.75 93.54 - LU1129992563 - -
E2 EUR Accumulating 101.20 -0.14 -0.14 101.44 89.86 - LU0802640978 - -
A2 Hgd SEK Accumulating 1,032.27 -1.51 -0.15 1,034.65 909.89 - LU0884611699 - -
D2 Hgd CHF Accumulating 102.89 -0.15 -0.15 103.14 90.27 - LU1311313644 - -
D2 EUR Accumulating 110.11 -0.16 -0.15 110.36 96.88 - LU0802639707 - -
A2 Hgd USD Accumulating 114.76 -0.16 -0.14 115.01 100.29 - LU0972010309 - -

Portfolio Managers

Portfolio Managers

Ian Winship
Ian Winship
Simon Blundell
Simon Blundell
Joseph Di Censo
Managing Director

  

Nuno Luis
Nuno Luis
Rekesh Varsani
Rekesh Varsani

Literature

Literature