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.

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

Loading

Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart

Distributions

Record Date Ex-Date Payable Date
View full table
Performance data is not currently available
  1Y 3Y 5Y 10y Incept.
-9.37 -1.57 -0.87 - 0.04
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-9.17 -0.37 -4.14 -5.40 -9.37 -4.63 -4.29 - 0.29
  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
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of Sep 30, 2022

-2.24 2.55 2.33 3.18 -9.34
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

Net Assets of Fund as of Dec 2, 2022 USD 7,968,854,898
Share Class Inception Date Oct 29, 2014
Fund Inception Date Jan 31, 2007
Share Class Currency EUR
Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 0.56%
Annual Management Fee 0.50%
Performance Fee 0.00%
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 1000
Distribution Frequency Quarterly
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Flexible Bond - EUR Hedged
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFII5E
ISIN LU1129992308
SEDOL BRWQZK9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Oct 31, 2022 2892
12m Trailing Yield as of Nov 30, 2022 2.19%
Standard Deviation (3y) as of Oct 31, 2022 6.05%
Yield to Maturity as of Oct 31, 2022 5.88%
Modified Duration as of Oct 31, 2022 2.90 yrs
Yield to Worst as of Oct 31, 2022 5.84%
Effective Duration as of Oct 31, 2022 2.54 yrs
Weighted Avg Maturity as of Oct 31, 2022 6.13 yrs
WAL to Worst as of Oct 31, 2022 6.13 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 stars
Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class I5 Hedged, as of Nov 30, 2022 rated against 994 Global Flexible Bond - EUR Hedged Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Gold
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective Mar 15, 2022)

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Oct 31, 2022
Name Weight (%)
TREASURY NOTE 1.25 11/30/2026 8.78
TREASURY NOTE 2.875 05/15/2032 6.25
TREASURY BOND 2.875 05/15/2052 2.65
TREASURY (CPI) NOTE 0.625 01/15/2024 2.41
TREASURY (CPI) NOTE 0.5 04/15/2024 2.12
Name Weight (%)
GNMA2 30YR TBA(REG C) 1.88
FHLMC 30YR UMBS 1.81
FNMA 30YR 2019 PRODUCTION 1.81
FNMA 30YR 2018 PRODUCTION 1.77
TREASURY NOTE 2.625 05/31/2027 1.32
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 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 Oct 31, 2022

% of Market Value

Type Fund
as of Oct 31, 2022

% of Market Value

Type Fund
Allocations subject to change.
as of Oct 31, 2022

% of Market Value

Type Fund
as of Oct 31, 2022

% of Market Value

Type Fund
as of Oct 31, 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 I5 Hedged EUR Quarterly 8.26 0.00 0.00 Dec 2, 2022 9.16 8.08 LU1129992308 -
X2 Hgd SEK Accumulating 10.64 0.01 0.09 Dec 2, 2022 11.44 10.40 LU1153584724 -
D2 Hgd EUR Accumulating 10.19 0.00 0.00 Dec 2, 2022 11.08 9.98 LU0278456651 -
A5 USD Quarterly 9.67 0.01 0.10 Dec 2, 2022 10.49 9.43 LU0280465617 -
C5 USD Quarterly 9.62 0.00 0.00 Dec 2, 2022 10.43 9.40 LU0280466938 -
I2 Hgd CHF Accumulating 10.98 0.01 0.09 Dec 2, 2022 11.94 10.76 LU1270847004 -
E2 Hgd EUR Accumulating 8.75 0.01 0.11 Dec 2, 2022 9.61 8.57 LU0278456818 -
A2 Hgd SGD Accumulating 20.84 0.02 0.10 Dec 2, 2022 22.37 20.34 LU0278465488 -
E2 USD Accumulating 13.50 0.01 0.07 Dec 2, 2022 14.51 13.18 LU0278469472 -
A2 USD Accumulating 14.65 0.01 0.07 Dec 2, 2022 15.68 14.29 LU0278466700 -
A5 Hgd SGD Quarterly 13.73 0.01 0.07 Dec 2, 2022 14.94 13.40 LU0280468637 -
D4 Hgd EUR Annual 8.49 0.01 0.12 Dec 2, 2022 9.40 8.30 LU1340096590 -
Class I3 Hedged CAD Monthly 9.11 0.00 0.00 Dec 2, 2022 9.94 8.93 LU1234671672 -
I2 Hgd EUR Accumulating 10.56 0.01 0.09 Dec 2, 2022 11.46 10.33 LU0368231436 -
D4 Hgd CAD Annual 9.28 0.01 0.11 Dec 2, 2022 10.09 9.05 LU1270847186 -
D4 EUR Annual 12.35 0.07 0.57 Dec 2, 2022 13.45 12.10 LU1085283973 -
D2 USD Accumulating 15.39 0.01 0.07 Dec 2, 2022 16.40 15.01 LU0278469043 -
A2 Hgd JPY Accumulating 1,002.00 1.00 0.10 Dec 2, 2022 1,094.00 982.00 LU1005243099 -
D5 Hgd EUR Quarterly 6.23 0.00 0.00 Dec 2, 2022 6.91 6.10 LU0827879841 -
X2 Hgd CHF Accumulating 11.50 0.01 0.09 Dec 2, 2022 12.46 11.26 LU1263143379 -
C2 USD Accumulating 12.03 0.00 0.00 Dec 2, 2022 13.03 11.76 LU0278467773 -
A6 USD Monthly 10.99 0.01 0.09 Dec 2, 2022 12.09 10.77 LU1051767835 -
Class AI2 Hedged EUR - 9.64 0.00 0.00 Dec 2, 2022 10.54 9.44 LU1960221809 -
D2 Hgd GBP Accumulating 11.23 0.01 0.09 Dec 2, 2022 12.04 10.96 LU0278463947 -
A8 Hgd CNH Monthly 87.36 0.06 0.07 Dec 2, 2022 97.45 85.96 LU1165523371 -
I5 JPY Quarterly 1,282.00 -2.00 -0.16 Dec 2, 2022 1,397.00 1,145.00 LU1926936912 -
J3 USD Monthly 9.65 0.01 0.10 Dec 2, 2022 10.50 9.46 LU1003077150 -
E2 EUR Accumulating 12.89 0.08 0.62 Dec 2, 2022 13.86 12.49 LU1005243685 -
A1 EUR Monthly 9.21 0.05 0.55 Dec 2, 2022 9.94 9.02 LU1005244220 -
D2 Hgd SGD Accumulating 21.91 0.02 0.09 Dec 2, 2022 23.41 21.38 LU0827879767 -
C1 USD Monthly 9.65 0.01 0.10 Dec 2, 2022 10.48 9.44 LU1003077077 -
X3 Hgd EUR Monthly 8.33 0.01 0.12 Dec 2, 2022 9.25 8.19 LU1003077317 -
I2 USD Accumulating 12.30 0.01 0.08 Dec 2, 2022 13.09 11.99 LU0986736956 -
A2 Hgd GBP Accumulating 10.21 0.01 0.10 Dec 2, 2022 11.00 9.98 LU1181257202 -
Class AI2 EUR - 11.10 0.06 0.54 Dec 2, 2022 11.93 10.71 LU1960221981 -
D5 Hgd CHF Quarterly 8.42 0.01 0.12 Dec 2, 2022 9.35 8.25 LU1681056062 -
Class I5 Hedged JPY Quarterly 879.00 0.00 0.00 Dec 2, 2022 974.00 861.00 LU1791183194 -
C1 EUR Monthly 9.21 0.05 0.55 Dec 2, 2022 9.94 9.01 LU1005244493 -
A1 USD Monthly 9.65 0.01 0.10 Dec 2, 2022 10.49 9.44 LU1003076855 -
A3 USD Monthly 9.64 0.01 0.10 Dec 2, 2022 10.48 9.44 LU1003076939 -
X2 USD Accumulating 12.15 0.01 0.08 Dec 2, 2022 12.86 11.84 LU0278469985 -
Class S2 Hedged EUR - 9.85 0.01 0.10 Dec 2, 2022 10.69 9.64 LU1992159654 -
Class S5 USD Quarterly 9.74 0.01 0.10 Dec 2, 2022 10.57 9.49 LU1992159068 -
I2 Hgd AUD - 10.36 0.01 0.10 Dec 2, 2022 11.10 10.11 LU1786038098 -
X2 Hgd GBP Accumulating 11.36 0.01 0.09 Dec 2, 2022 12.11 11.09 LU0278465058 -
D5 USD Quarterly 10.17 0.01 0.10 Dec 2, 2022 11.03 9.91 LU0737136415 -
D2 Hgd PLN Accumulating 17.04 0.02 0.12 Dec 2, 2022 17.61 16.58 LU0827879684 -
A2 Hgd PLN Accumulating 16.19 0.01 0.06 Dec 2, 2022 16.82 15.77 LU0480534915 -
A5 Hgd EUR Quarterly 6.22 0.01 0.16 Dec 2, 2022 6.89 6.09 LU0280467159 -
I2 Hgd JPY Accumulating 1,063.00 1.00 0.09 Dec 2, 2022 1,154.00 1,041.00 LU1005243172 -
A2 Hgd EUR Accumulating 9.46 0.01 0.11 Dec 2, 2022 10.34 9.26 LU0278453476 -
D4 Hgd GBP Annual 4.40 0.01 0.23 Dec 2, 2022 4.81 4.30 LU1294567364 -
D2 EUR Accumulating 14.70 0.09 0.62 Dec 2, 2022 15.77 14.12 LU1005243503 -
A4 Hgd EUR Annual 8.48 0.00 0.00 Dec 2, 2022 9.40 8.31 LU0973708182 -
Class S2 Hedged CHF - 9.76 0.00 0.00 Dec 2, 2022 10.62 9.56 LU1992159902 -
C2 EUR Accumulating 11.49 0.07 0.61 Dec 2, 2022 12.37 11.20 LU1005243412 -
Class S2 USD - 10.49 0.01 0.10 Dec 2, 2022 11.16 10.23 LU1992160157 -
D2 Hgd CHF Accumulating 10.25 0.01 0.10 Dec 2, 2022 11.17 10.04 LU0972027022 -
Class S4 Hedged EUR Annual 9.14 0.01 0.11 Dec 2, 2022 10.13 8.94 LU1992161049 -
A2 Hgd CHF Accumulating 9.40 0.01 0.11 Dec 2, 2022 10.29 9.21 LU1121327164 -
A2 EUR Accumulating 13.99 0.08 0.58 Dec 2, 2022 15.03 13.50 LU1005243255 -
A2 Hgd SEK Accumulating 97.43 0.08 0.08 Dec 2, 2022 105.94 95.34 LU1121320748 -
Class X5 Hedged EUR Quarterly 8.55 0.01 0.12 Dec 2, 2022 9.47 8.36 LU1685502194 -
X2 Hgd CAD Accumulating 11.57 0.01 0.09 Dec 2, 2022 12.28 11.28 LU1214678283 -
A4 USD Annual 9.54 0.00 0.00 Dec 2, 2022 10.36 9.31 LU1153584997 -
I2 Hgd CAD Accumulating 11.35 0.01 0.09 Dec 2, 2022 12.09 11.06 LU1136394076 -
A8 Hgd AUD Monthly 8.32 0.01 0.12 Dec 2, 2022 9.21 8.16 LU1165522480 -
X3 USD Monthly 9.65 0.01 0.10 Dec 2, 2022 10.50 9.46 LU1003077234 -
Class X5 Hedged GBP Quarterly 8.84 0.01 0.11 Dec 2, 2022 9.66 8.62 LU1165522217 -
A3 EUR Monthly 9.21 0.06 0.66 Dec 2, 2022 9.94 9.01 LU1005243339 -
I2 Hgd GBP Accumulating 11.38 0.01 0.09 Dec 2, 2022 12.18 11.11 LU0999670564 -
X3 Hgd AUD Monthly 9.83 0.00 0.00 Dec 2, 2022 10.78 9.65 LU1003077820 -
X2 Hgd EUR Accumulating 11.30 0.01 0.09 Dec 2, 2022 12.20 11.04 LU0278456909 -
X2 Hgd AUD Accumulating 12.38 0.01 0.08 Dec 2, 2022 13.22 12.08 LU1093512371 -
I5 USD Quarterly 9.47 0.01 0.11 Dec 2, 2022 10.27 9.23 LU1083819141 -
Class I5 GBP Hedged GBP Quarterly 9.34 0.01 0.11 Dec 2, 2022 10.21 9.12 LU1877503935 -
A6 Hgd HKD Monthly 82.02 0.06 0.07 Dec 2, 2022 91.04 80.53 LU1051769021 -

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.

Russell Brownback
Russell Brownback
Aidan Doyle
Aidan Doyle
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.

Literature

Literature