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.
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
  From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of Mar 31, 2022

3.03 1.10 -2.16 12.70 -2.94
  1Y 3Y 5Y 10y Incept.
-3.98 1.88 2.01 - 1.83
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-3.77 -0.70 -2.64 -3.98 5.75 10.49 - 14.27
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 May 24, 2022 USD 9,746.377
12m Trailing Yield as of Apr 30, 2022 1.59
Number of Holdings as of Apr 29, 2022 3119
Base Currency U.S. Dollar
Fund Inception Date Jan 31, 2007
Share Class Inception Date Dec 17, 2014
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - USD Hedged
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.22%
ISIN LU1153584997
Bloomberg Ticker BGFIA4U
Annual Management Fee 1.00%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BTF8BR5
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Apr 29, 2022 2.32%

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of May 6, 2022 AA
MSCI ESG % Coverage as of May 6, 2022 94.78
MSCI ESG Quality Score (0-10) as of May 6, 2022 7.64
MSCI ESG Quality Score - Peer Percentile as of May 6, 2022 64.56
Fund Lipper Global Classification as of May 6, 2022 Equity Asia Pacific ex Japan
Funds in Peer Group as of May 6, 2022 680
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of May 6, 2022 107.48
MSCI Weighted Average Carbon Intensity % Coverage as of May 6, 2022 93.25
All data is from MSCI ESG Fund Ratings as of May 6, 2022, based on holdings as of Dec 31, 2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage 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.

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 Apr 29, 2022 0.00%
MSCI - UN Global Compact Violators as of Apr 29, 2022 0.68%
MSCI - Nuclear Weapons as of Apr 29, 2022 0.00%
MSCI - Thermal Coal as of Apr 29, 2022 0.00%
MSCI - Civilian Firearms as of Apr 29, 2022 0.03%
MSCI - Oil Sands as of Apr 29, 2022 0.00%
MSCI - Tobacco as of Apr 29, 2022 0.07%

Business Involvement Coverage as of Apr 29, 2022 19.68%
Percentage of Fund not covered as of Apr 29, 2022 81.84%
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 0.11% and for Oil Sands 0.23%.

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

3 stars
Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class A4, as of Apr 30, 2022 rated against 529 Global Flexible Bond - USD 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 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 Apr 29, 2022
Name Weight (%)
TREASURY NOTE 1.25 11/30/2026 9.73
FNMA 30YR 2019 PRODUCTION 5.08
FNMA 30YR 2018 PRODUCTION 1.68
FHLMC 30YR UMBS SUPER 1.64
TREASURY (CPI) NOTE 0.5 04/15/2024 1.10
Name Weight (%)
FHLMC 30YR UMBS 1.00
TREASURY (CPI) NOTE 0.125 04/15/2026 0.84
FNMA 30YR 3% MLB 110K 2021 0.44
TREASURY NOTE 0.625 05/15/2030 0.43
TREASURY NOTE 1.25 12/31/2026 0.42
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 29, 2022

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of Apr 29, 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 Apr 29, 2022

% of Market Value

Type Fund
Allocations subject to change.
as of Apr 29, 2022

% of Market Value

Type Fund
as of Apr 29, 2022

% of Market Value

Type Fund
as of Apr 29, 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A4 USD Annual 9.87 0.00 0.00 10.59 9.87 - LU1153584997 - -
C5 USD Quarterly 9.89 0.00 0.00 10.58 9.89 - LU0280466938 - -
A2 Hgd SGD Accumulating 21.31 0.01 0.05 22.54 21.30 - LU0278465488 - -
A2 Hgd EUR Accumulating 9.80 0.01 0.10 10.44 9.79 - LU0278453476 - -
E2 USD Accumulating 13.80 0.00 0.00 14.65 13.80 - LU0278469472 - -
C2 USD Accumulating 12.36 0.01 0.08 13.20 12.35 - LU0278467773 - -
Class I5 Hedged JPY Quarterly 920.00 0.00 0.00 989.00 920.00 - LU1791183194 - -
D2 Hgd PLN Accumulating 16.99 0.01 0.06 17.70 16.95 - LU0827879684 - -
D4 Hgd CAD Annual 9.63 0.00 0.00 10.35 9.63 - LU1270847186 - -
I2 Hgd JPY Accumulating 1,099.00 0.00 0.00 1,162.00 1,099.00 - LU1005243172 - -
A2 Hgd JPY Accumulating 1,039.00 0.00 0.00 1,104.00 1,039.00 - LU1005243099 - -
D4 Hgd EUR Annual 8.93 0.00 0.00 9.67 8.93 - LU1340096590 - -
D2 Hgd EUR Accumulating 10.53 0.00 0.00 11.18 10.53 - LU0278456651 - -
X2 Hgd CHF Accumulating 11.86 0.01 0.08 12.56 11.85 - LU1263143379 - -
D2 USD Accumulating 15.66 0.01 0.06 16.50 15.65 - LU0278469043 - -
A6 USD Monthly 11.39 0.00 0.00 12.36 11.39 - LU1051767835 - -
D5 Hgd EUR Quarterly 6.51 0.00 0.00 7.03 6.51 - LU0827879841 - -
D5 Hgd CHF Quarterly 8.81 0.01 0.11 9.52 8.80 - LU1681056062 - -
D2 Hgd SGD Accumulating 22.35 0.01 0.04 23.56 22.34 - LU0827879767 - -
X2 Hgd GBP Accumulating 11.59 0.00 0.00 12.18 11.58 - LU0278465058 - -
A8 Hgd CNH Monthly 91.77 0.06 0.07 99.07 91.69 - LU1165523371 - -
I5 JPY Quarterly 1,234.00 -8.00 -0.64 1,284.00 1,125.00 - LU1926936912 - -
E2 Hgd EUR Accumulating 9.08 0.00 0.00 9.73 9.08 - LU0278456818 - -
X3 Hgd EUR Monthly 8.73 0.00 0.00 9.41 8.73 - LU1003077317 - -
Class S2 Hedged EUR - 10.17 0.01 0.10 10.79 10.16 - LU1992159654 - -
Class S5 USD Quarterly 10.02 0.00 0.00 10.71 10.02 - LU1992159068 - -
A1 EUR Monthly 9.27 -0.05 -0.54 9.60 8.63 - LU1005244220 - -
J3 USD Monthly 9.97 0.01 0.10 10.63 9.96 - LU1003077150 - -
C1 USD Monthly 9.94 0.01 0.10 10.62 9.93 - LU1003077077 - -
E2 EUR Accumulating 12.86 -0.08 -0.62 13.32 11.90 - LU1005243685 - -
I2 USD Accumulating 12.51 0.01 0.08 13.17 12.50 - LU0986736956 - -
C1 EUR Monthly 9.25 -0.06 -0.64 9.59 8.63 - LU1005244493 - -
A2 Hgd GBP Accumulating 10.48 0.00 0.00 11.10 10.48 - LU1181257202 - -
A1 USD Monthly 9.95 0.01 0.10 10.62 9.94 - LU1003076855 - -
X2 USD Accumulating 12.31 0.00 0.00 12.92 12.31 - LU0278469985 - -
D2 Hgd GBP Accumulating 11.49 0.00 0.00 12.13 11.49 - LU0278463947 - -
Class AI2 EUR - 11.05 -0.07 -0.63 11.45 10.18 - LU1960221981 - -
A3 USD Monthly 9.95 0.01 0.10 10.62 9.94 - LU1003076939 - -
Class AI2 Hedged EUR - 9.99 0.01 0.10 10.65 9.98 - LU1960221809 - -
I2 Hgd AUD - 10.59 0.00 0.00 11.18 10.59 - LU1786038098 - -
D4 EUR Annual 12.49 -0.08 -0.64 12.94 11.68 - LU1085283973 - -
D5 USD Quarterly 10.46 0.00 0.00 11.18 10.46 - LU0737136415 - -
I2 Hgd EUR Accumulating 10.90 0.01 0.09 11.56 10.89 - LU0368231436 - -
Class I3 Hedged CAD Monthly 9.42 0.00 0.00 10.07 9.42 - LU1234671672 - -
A2 USD Accumulating 14.94 0.00 0.00 15.80 14.94 - LU0278466700 - -
A2 Hgd PLN Accumulating 16.19 0.01 0.06 16.93 16.16 - LU0480534915 - -
A5 Hgd SGD Quarterly 14.16 0.00 0.00 15.14 14.16 - LU0280468637 - -
A5 Hgd EUR Quarterly 6.50 0.01 0.15 7.01 6.49 - LU0280467159 - -
X2 Hgd SEK Accumulating 10.91 0.00 0.00 11.51 10.91 - LU1153584724 - -
I2 Hgd CHF Accumulating 11.35 0.00 0.00 12.05 11.35 - LU1270847004 - -
A5 USD Quarterly 9.95 0.00 0.00 10.64 9.95 - LU0280465617 - -
A3 EUR Monthly 9.27 -0.05 -0.54 9.60 8.63 - LU1005243339 - -
D4 Hgd GBP Annual 4.59 0.00 0.00 4.94 4.59 - LU1294567364 - -
A2 EUR Accumulating 13.92 -0.09 -0.64 14.42 12.82 - LU1005243255 - -
C2 EUR Accumulating 11.51 -0.07 -0.60 11.93 10.73 - LU1005243412 - -
I2 Hgd GBP Accumulating 11.64 0.01 0.09 12.27 11.63 - LU0999670564 - -
Class S2 Hedged CHF - 10.09 0.00 0.00 10.73 10.09 - LU1992159902 - -
Class S2 USD - 10.67 0.01 0.09 11.23 10.66 - LU1992160157 - -
D2 EUR Accumulating 14.58 -0.10 -0.68 15.11 13.36 - LU1005243503 - -
I5 USD Quarterly 9.74 0.00 0.00 10.41 9.74 - LU1083819141 - -
X3 USD Monthly 9.96 0.00 0.00 10.63 9.96 - LU1003077234 - -
Class I5 Hedged EUR Quarterly 8.63 0.00 0.00 9.32 8.63 - LU1129992308 - -
A2 Hgd CHF Accumulating 9.75 0.01 0.10 10.41 9.74 - LU1121327164 - -
Class X5 Hedged EUR Quarterly 8.93 0.01 0.11 9.64 8.92 - LU1685502194 - -
Class X5 Hedged GBP Quarterly 9.15 0.01 0.11 9.80 9.14 - LU1165522217 - -
X2 Hgd CAD Accumulating 11.75 0.01 0.09 12.34 11.74 - LU1214678283 - -
I2 Hgd CAD Accumulating 11.55 0.01 0.09 12.17 11.54 - LU1136394076 - -
X3 Hgd AUD Monthly 10.22 0.01 0.10 10.94 10.21 - LU1003077820 - -
A8 Hgd AUD Monthly 8.67 0.01 0.12 9.41 8.66 - LU1165522480 - -
A6 Hgd HKD Monthly 85.65 0.03 0.04 93.15 85.62 - LU1051769021 - -
A4 Hgd EUR Annual 8.91 0.01 0.11 9.64 8.90 - LU0973708182 - -
D2 Hgd CHF Accumulating 10.60 0.00 0.00 11.27 10.60 - LU0972027022 - -
Class I5 GBP Hedged GBP Quarterly 9.67 0.01 0.10 10.35 9.66 - LU1877503935 - -
X2 Hgd EUR Accumulating 11.62 0.00 0.00 12.29 11.62 - LU0278456909 - -
A2 Hgd SEK Accumulating 100.53 0.03 0.03 106.92 100.50 - LU1121320748 - -
Class S4 Hedged EUR Annual 9.63 0.01 0.10 10.43 9.62 - LU1992161049 - -
X2 Hgd AUD Accumulating 12.63 0.01 0.08 13.29 12.62 - LU1093512371 - -

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.

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