Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  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
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of Sep 30, 2021

3.73 -1.72 2.99 2.89 3.67
  1Y 3Y 5Y 10y Incept.
3.67 3.18 2.29 - 2.31
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
0.65 -0.34 -0.03 3.67 9.86 12.00 - 19.54
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 Oct 26, 2021 USD 10,776.517
12m Trailing Yield as of Sep 30, 2021 2.65
Number of Holdings as of Sep 30, 2021 3317
Base Currency U.S. Dollar
Fund Inception Date Jan 31, 2007
Share Class Inception Date Dec 11, 2013
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - EUR Hedged
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.06%
ISIN LU1003077317
Bloomberg Ticker BGFGX3E
Annual Management Fee 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BH65V15
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Sep 30, 2021 2.04%
Modified Duration as of Sep 30, 2021 2.34 yrs
Effective Duration as of Sep 30, 2021 1.67 yrs
Weighted Avg Maturity as of Sep 30, 2021 7.33 yrs
WAL to Worst as of Sep 30, 2021 7.33 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 Sep 30, 2021 0.00%
MSCI - UN Global Compact Violators as of Sep 30, 2021 0.55%
MSCI - Nuclear Weapons as of Sep 30, 2021 0.00%
MSCI - Thermal Coal as of Sep 30, 2021 0.00%
MSCI - Civilian Firearms as of Sep 30, 2021 0.02%
MSCI - Oil Sands as of Sep 30, 2021 0.00%
MSCI - Tobacco as of Sep 30, 2021 0.25%

Business Involvement Coverage as of Sep 30, 2021 16.89%
Percentage of Fund not covered as of Sep 30, 2021 84.10%
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 0.15% and for Oil Sands 0.36%.

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.

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 stars
Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class X3 Hedged, as of Sep 30, 2021 rated against 968 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 Mar 12, 2019)

Risk Indicator

Risk Indicator

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3
4
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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Sep 30, 2021
Name Weight (%)
UMBS 30YR TBA(REG A) 16.63
TREASURY (CPI) NOTE 0.125 04/15/2026 3.48
GNMA2 30YR 2020 PRODUCTION 3.31
GNMA2 30YR 2019 PRODUCTION 1.81
GNMA2 30YR TBA(REG C) 1.33
Name Weight (%)
TREASURY (CPI) NOTE 0.5 04/15/2024 1.02
GNMA2 30YR 2021 PRODUCTION 0.80
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.41 06/19/2025 0.62
GREECE REPUBLIC OF (GOVERNMENT) 1.5 06/18/2030 0.60
UMBS 30YR TBA(REG C) 0.53
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2021

% of Market Value

Type Fund
as of Sep 30, 2021

% 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 Sep 30, 2021

% of Market Value

Type Fund
Allocations subject to change.
as of Sep 30, 2021

% of Market Value

Type Fund
as of Sep 30, 2021

% of Market Value

Type Fund
as of Sep 30, 2021

% 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
X3 Hgd EUR Monthly 9.29 0.01 0.11 9.47 9.19 - LU1003077317 - -
E2 USD Accumulating 14.54 0.02 0.14 14.65 14.14 - LU0278469472 - -
A5 Hgd SGD Quarterly 14.96 0.03 0.20 15.18 14.70 - LU0280468637 - -
A2 Hgd EUR Accumulating 10.36 0.02 0.19 10.46 10.11 - LU0278453476 - -
Class I3 Hedged CAD Monthly 9.97 0.02 0.20 10.11 9.79 - LU1234671672 - -
A2 Hgd SGD Accumulating 22.39 0.04 0.18 22.54 21.67 - LU0278465488 - -
D4 Hgd CAD Annual 10.10 0.02 0.20 10.35 9.94 - LU1270847186 - -
A5 USD Quarterly 10.51 0.02 0.19 10.66 10.32 - LU0280465617 - -
I2 Hgd EUR Accumulating 11.48 0.02 0.17 11.56 11.13 - LU0368231436 - -
X2 Hgd SEK Accumulating 11.44 0.02 0.18 11.51 11.01 - LU1153584724 - -
D2 Hgd EUR Accumulating 11.10 0.02 0.18 11.18 10.79 - LU0278456651 - -
D2 Hgd PLN Accumulating 17.58 0.03 0.17 17.70 16.99 - LU0827879684 - -
A2 Hgd PLN Accumulating 16.81 0.03 0.18 16.93 16.32 - LU0480534915 - -
D4 Hgd EUR Annual 9.42 0.01 0.11 9.67 9.34 - LU1340096590 - -
C2 USD Accumulating 13.07 0.02 0.15 13.24 12.81 - LU0278467773 - -
C5 USD Quarterly 10.46 0.01 0.10 10.61 10.28 - LU0280466938 - -
E2 Hgd EUR Accumulating 9.63 0.01 0.10 9.76 9.45 - LU0278456818 - -
D5 USD Quarterly 11.04 0.02 0.18 11.21 10.84 - LU0737136415 - -
A5 Hgd EUR Quarterly 6.91 0.02 0.29 7.05 6.84 - LU0280467159 - -
A2 USD Accumulating 15.70 0.03 0.19 15.80 15.19 - LU0278466700 - -
I2 Hgd CHF Accumulating 11.97 0.02 0.17 12.05 11.63 - LU1270847004 - -
I2 Hgd AUD - 11.11 0.02 0.18 11.18 10.71 - LU1786038098 - -
D5 Hgd EUR Quarterly 6.92 0.01 0.14 7.07 6.86 - LU0827879841 - -
D2 USD Accumulating 16.40 0.03 0.18 16.50 15.79 - LU0278469043 - -
Class I5 Hedged JPY Quarterly 975.00 2.00 0.21 992.00 962.00 - LU1791183194 - -
A2 Hgd JPY Accumulating 1,096.00 2.00 0.18 1,104.00 1,065.00 - LU1005243099 - -
D5 Hgd CHF Quarterly 9.36 0.01 0.11 9.58 9.30 - LU1681056062 - -
X2 Hgd CHF Accumulating 12.48 0.02 0.16 12.56 12.08 - LU1263143379 - -
A2 Hgd GBP Accumulating 11.02 0.02 0.18 11.10 10.70 - LU1181257202 - -
D2 Hgd SGD Accumulating 23.41 0.04 0.17 23.56 22.56 - LU0827879767 - -
D2 Hgd GBP Accumulating 12.05 0.02 0.17 12.13 11.64 - LU0278463947 - -
Class AI2 Hedged EUR - 10.56 0.02 0.19 10.66 10.31 - LU1960221809 - -
X2 Hgd GBP Accumulating 12.11 0.02 0.17 12.18 11.62 - LU0278465058 - -
A8 Hgd CNH Monthly 97.99 0.17 0.17 99.59 96.43 - LU1165523371 - -
Class S2 Hedged EUR - 10.71 0.02 0.19 10.79 10.40 - LU1992159654 - -
I5 JPY Quarterly 1,174.00 7.00 0.60 1,176.00 1,055.00 - LU1926936912 - -
Class S5 USD Quarterly 10.58 0.02 0.19 10.74 10.39 - LU1992159068 - -
C1 USD Daily 10.51 0.02 0.19 10.66 10.32 - LU1003077077 - -
J3 USD Monthly 10.53 0.02 0.19 10.67 10.32 - LU1003077150 - -
C1 EUR Daily 9.05 0.01 0.11 9.10 8.62 - LU1005244493 - -
E2 EUR Accumulating 12.52 0.02 0.16 12.58 11.85 - LU1005243685 - -
X2 USD Accumulating 12.85 0.02 0.16 12.92 12.30 - LU0278469985 - -
A3 USD Monthly 10.51 0.02 0.19 10.65 10.31 - LU1003076939 - -
A3 EUR Monthly 9.05 0.01 0.11 9.09 8.62 - LU1005243339 - -
I2 USD Accumulating 13.09 0.03 0.23 13.17 12.58 - LU0986736956 - -
I2 Hgd JPY Accumulating 1,154.00 2.00 0.17 1,162.00 1,115.00 - LU1005243172 - -
A1 USD Daily 10.51 0.01 0.10 10.66 10.32 - LU1003076855 - -
A6 USD Monthly 12.17 0.02 0.16 12.47 12.12 - LU1051767835 - -
D4 EUR Annual 12.10 0.02 0.17 12.29 11.58 - LU1085283973 - -
Class AI2 EUR - 10.73 0.02 0.19 10.78 10.12 - LU1960221981 - -
A1 EUR Daily 9.06 0.02 0.22 9.10 8.62 - LU1005244220 - -
X2 Hgd EUR Accumulating 12.21 0.02 0.16 12.29 11.79 - LU0278456909 - -
A4 Hgd EUR Annual 9.42 0.02 0.21 9.66 9.34 - LU0973708182 - -
D2 EUR Accumulating 14.12 0.02 0.14 14.18 13.25 - LU1005243503 - -
Class I5 Hedged EUR Quarterly 9.17 0.01 0.11 9.36 9.09 - LU1129992308 - -
Class I5 GBP Hedged GBP Quarterly 10.21 0.01 0.10 10.38 10.06 - LU1877503935 - -
Class S2 USD - 11.16 0.02 0.18 11.23 10.74 - LU1992160157 - -
D2 Hgd CHF Accumulating 11.19 0.02 0.18 11.28 10.89 - LU0972027022 - -
Class S2 Hedged CHF - 10.65 0.02 0.19 10.73 10.36 - LU1992159902 - -
C2 EUR Accumulating 11.26 0.02 0.18 11.32 10.72 - LU1005243412 - -
I2 Hgd GBP Accumulating 12.19 0.02 0.16 12.27 11.76 - LU0999670564 - -
X3 USD Monthly 10.53 0.02 0.19 10.67 10.32 - LU1003077234 - -
I5 USD Quarterly 10.28 0.02 0.19 10.43 10.10 - LU1083819141 - -
A6 Hgd HKD Monthly 91.66 0.15 0.16 94.03 91.26 - LU1051769021 - -
A2 Hgd CHF Accumulating 10.32 0.02 0.19 10.43 10.09 - LU1121327164 - -
A2 Hgd SEK Accumulating 106.12 0.16 0.15 106.92 103.39 - LU1121320748 - -
Class X5 Hedged EUR Quarterly 9.48 0.01 0.11 9.68 9.40 - LU1685502194 - -
Class S4 Hedged EUR Annual 10.14 0.01 0.10 10.43 10.06 - LU1992161049 - -
A2 EUR Accumulating 13.52 0.02 0.15 13.58 12.74 - LU1005243255 - -
X2 Hgd AUD Accumulating 13.21 0.02 0.15 13.29 12.68 - LU1093512371 - -
D4 Hgd GBP Annual 4.81 0.01 0.21 4.94 4.74 - LU1294567364 - -
I2 Hgd CAD Accumulating 12.09 0.02 0.17 12.17 11.65 - LU1136394076 - -
X2 Hgd CAD Accumulating 12.27 0.02 0.16 12.34 11.76 - LU1214678283 - -
A8 Hgd AUD Monthly 9.27 0.01 0.11 9.49 9.22 - LU1165522480 - -
X3 Hgd AUD Monthly 10.83 0.02 0.19 10.99 10.64 - LU1003077820 - -
Class X5 Hedged GBP Quarterly 9.66 0.02 0.21 9.82 9.52 - LU1165522217 - -
A4 USD Annual 10.37 0.02 0.19 10.59 10.18 - LU1153584997 - -

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
Aidan Doyle

Literature

Literature