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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Ex-Date Total Distribution
View full table

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 4.66 4.99 0.26 -8.14 1.24

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1Y 3Y 5Y 10y Incept.
-0.49 -2.35 0.27 - -0.13
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-0.24 -0.24 4.50 1.62 -0.49 -6.89 1.35 - -0.77
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of Dec 31, 2023

4.66 4.99 0.26 -8.14 1.24
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.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in JPY, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund as of Mar 1, 2024 USD 6,575,181,172
Share Class Inception Date Mar 28, 2018
Fund Inception Date Jan 31, 2007
Share Class Currency JPY
Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 0.55%
ISIN LU1791183194
Annual Management Fee -
Performance Fee 0.00%
Minimum Initial Investment JPY 10000000
Minimum Subsequent Investment JPY 1000
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFI5JH
SEDOL BZ9N0T3

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 31, 2024 2957
12m Trailing Yield as of Feb 29, 2024 3.73%
Standard Deviation (3y) as of Jan 31, 2024 3.76%
Yield to Maturity as of Jan 31, 2024 5.49%
Modified Duration as of Jan 31, 2024 4.13 yrs
Yield to Worst as of Jan 31, 2024 5.42%
Effective Duration as of Jan 31, 2024 3.32 yrs
Weighted Avg Maturity as of Jan 31, 2024 7.80 yrs
WAL to Worst as of Jan 31, 2024 7.80 yrs

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, 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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jan 31, 2024
Name Weight (%)
UMBS 30YR TBA(REG A) 14.76
TREASURY NOTE 2.875 05/15/2032 5.25
UMBS 30YR TBA 3.32
TREASURY BOND 2.875 05/15/2052 3.04
FNMA 30YR UMBS SUPER 1.36
Name Weight (%)
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.26
FNMA 30YR UMBS 0.69
JAPAN (GOVERNMENT OF) 20YR #186 1.5 09/20/2043 0.59
TREASURY NOTE 1.125 02/15/2031 0.57
TREASURY (CPI) NOTE 1.625 10/15/2027 0.51
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2024

% of Market Value

Type Fund
¹Allocations are subject to change. Source: BlackRock
as of Jan 31, 2024

% of Market Value

Type Fund
as of Jan 31, 2024

% of Market Value

Type Fund
Allocations subject to change.
as of Jan 31, 2024

% of Market Value

Type Fund
as of Jan 31, 2024

% of Market Value

Type Fund
as of Jan 31, 2024

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class I5 Hedged JPY 837.00 0.00 0.00 Mar 1, 2024 870.00 812.00 LU1791183194
A2 Hgd PLN 17.50 0.00 0.00 Mar 1, 2024 17.61 16.39 LU0480534915
A2 Hgd EUR 9.76 0.00 0.00 Mar 1, 2024 9.84 9.27 LU0278453476
C5 USD 9.85 0.00 0.00 Mar 1, 2024 9.92 9.37 LU0280466938
A5 Hgd SGD 13.79 0.00 0.00 Mar 1, 2024 13.90 13.18 LU0280468637
E2 Hgd EUR 8.97 0.00 0.00 Mar 1, 2024 9.05 8.53 LU0278456818
D2 Hgd PLN 18.53 0.01 0.05 Mar 1, 2024 18.64 17.27 LU0827879684
A5 Hgd EUR 6.19 0.00 0.00 Mar 1, 2024 6.24 5.92 LU0280467159
Class I3 Hedged CAD 9.25 0.00 0.00 Mar 1, 2024 9.36 8.84 LU1234671672
C2 USD 12.57 0.00 0.00 Mar 1, 2024 12.66 11.91 LU0278467773
D4 Hgd CAD 9.49 0.00 0.00 Mar 1, 2024 9.55 8.96 LU1270847186
D4 Hgd EUR 8.51 0.00 0.00 Mar 1, 2024 8.58 8.07 LU1340096590
I2 Hgd CHF 11.14 0.00 0.00 Mar 1, 2024 11.26 10.64 LU1270847004
A2 Hgd SGD 21.69 0.00 0.00 Mar 1, 2024 21.86 20.59 LU0278465488
A2 USD 15.54 0.00 0.00 Mar 1, 2024 15.64 14.66 LU0278466700
D2 Hgd EUR 10.58 0.00 0.00 Mar 1, 2024 10.66 10.03 LU0278456651
I2 Hgd EUR 10.98 0.00 0.00 Mar 1, 2024 11.06 10.40 LU0368231436
D5 USD 10.41 0.00 0.00 Mar 1, 2024 10.47 9.87 LU0737136415
A5 USD 9.90 0.00 0.00 Mar 1, 2024 9.96 9.40 LU0280465617
X2 Hgd SEK 11.14 0.00 0.00 Mar 1, 2024 11.22 10.54 LU1153584724
E2 USD 14.23 0.00 0.00 Mar 1, 2024 14.33 13.45 LU0278469472
I2 Hgd JPY 1,058.00 0.00 0.00 Mar 1, 2024 1,073.00 1,018.00 LU1005243172
D2 Hgd GBP 11.86 0.00 0.00 Mar 1, 2024 11.94 11.19 LU0278463947
I2 Hgd AUD 10.86 0.00 0.00 Mar 1, 2024 10.94 10.27 LU1786038098
D5 Hgd CHF 8.17 0.00 0.00 Mar 1, 2024 8.35 7.87 LU1681056062
X2 Hgd CHF 11.73 0.00 0.00 Mar 1, 2024 11.84 11.19 LU1263143379
Class AI2 Hedged EUR 9.95 0.00 0.00 Mar 1, 2024 10.03 9.45 LU1960221809
D2 USD 16.43 0.00 0.00 Mar 1, 2024 16.53 15.45 LU0278469043
Class A3G USD 10.19 0.00 0.00 Mar 1, 2024 10.34 9.77 LU2621334601
D4 EUR 12.34 0.04 0.33 Mar 1, 2024 12.44 11.78 LU1085283973
A2 Hgd JPY 989.00 0.00 0.00 Mar 1, 2024 1,004.00 954.00 LU1005243099
D2 Hgd SGD 22.95 0.00 0.00 Mar 1, 2024 23.12 21.75 LU0827879767
A6 USD 11.12 0.00 0.00 Mar 1, 2024 11.29 10.67 LU1051767835
Class S5 USD 9.97 0.00 0.00 Mar 1, 2024 10.03 9.46 LU1992159068
Class AI2 EUR 11.41 0.04 0.35 Mar 1, 2024 11.50 10.56 LU1960221981
X3 Hgd EUR 8.25 0.00 0.00 Mar 1, 2024 8.40 7.96 LU1003077317
A2 Hgd GBP 10.72 0.00 0.00 Mar 1, 2024 10.79 10.13 LU1181257202
X2 Hgd GBP 12.11 0.00 0.00 Mar 1, 2024 12.17 11.38 LU0278465058
D5 Hgd EUR 6.21 0.00 0.00 Mar 1, 2024 6.26 5.93 LU0827879841
A8 Hgd CNH 87.34 0.00 0.00 Mar 1, 2024 88.52 83.67 LU1165523371
I5 JPY 1,458.00 9.00 0.62 Mar 1, 2024 1,461.00 1,227.00 LU1926936912
Class S2 Hedged EUR 10.24 0.00 0.00 Mar 1, 2024 10.31 9.70 LU1992159654
X2 USD 13.07 0.00 0.00 Mar 1, 2024 13.15 12.21 LU0278469985
C1 USD 9.87 0.00 0.00 Mar 1, 2024 9.97 9.39 LU1003077077
A1 USD 9.87 0.00 0.00 Mar 1, 2024 9.97 9.40 LU1003076855
A3 USD 9.86 0.00 0.00 Mar 1, 2024 9.97 9.40 LU1003076939
C1 EUR 9.13 0.03 0.33 Mar 1, 2024 9.22 8.59 LU1005244493
J3 USD 9.87 0.00 0.00 Mar 1, 2024 9.99 9.42 LU1003077150
A1 EUR 9.13 0.03 0.33 Mar 1, 2024 9.22 8.59 LU1005244220
E2 EUR 13.16 0.04 0.30 Mar 1, 2024 13.27 12.22 LU1005243685
I2 USD 13.16 0.00 0.00 Mar 1, 2024 13.24 12.35 LU0986736956
Class S2 Hedged CHF 9.90 0.00 0.00 Mar 1, 2024 10.00 9.46 LU1992159902
X3 Hgd SGD 9.95 0.00 0.00 Mar 1, 2024 10.05 9.95 LU2728923850
Class X10 Hedged SGD 9.92 0.00 0.00 Mar 1, 2024 10.05 9.92 LU2728923694
X3 USD 9.87 0.00 0.00 Mar 1, 2024 9.99 9.42 LU1003077234
X2 Hgd SGD 10.00 0.00 0.00 Mar 1, 2024 10.07 9.97 LU2728923777
I5 USD 9.69 0.00 0.00 Mar 1, 2024 9.75 9.19 LU1083819141
Class X10 USD 9.97 0.00 0.00 Mar 1, 2024 10.08 9.97 LU2736587853
Class S4 Hedged EUR 9.17 0.00 0.00 Mar 1, 2024 9.24 8.69 LU1992161049
Class I5 GBP Hedged GBP 9.46 0.00 0.00 Mar 1, 2024 9.52 8.99 LU1877503935
D2 EUR 15.20 0.06 0.40 Mar 1, 2024 15.31 14.03 LU1005243503
D4 Hgd GBP 4.49 0.00 0.00 Mar 1, 2024 4.52 4.24 LU1294567364
D2 Hgd CHF 10.38 0.00 0.00 Mar 1, 2024 10.49 9.92 LU0972027022
A3 EUR 9.12 0.03 0.33 Mar 1, 2024 9.21 8.59 LU1005243339
A6 Hgd HKD 81.85 0.00 0.00 Mar 1, 2024 83.28 78.80 LU1051769021
A4 Hgd EUR 8.50 0.00 0.00 Mar 1, 2024 8.57 8.07 LU0973708182
C2 EUR 11.63 0.04 0.35 Mar 1, 2024 11.73 10.85 LU1005243412
Class S2 USD 11.21 0.00 0.00 Mar 1, 2024 11.28 10.53 LU1992160157
X2 Hgd AUD 13.07 0.00 0.00 Mar 1, 2024 13.16 12.34 LU1093512371
A2 EUR 14.37 0.04 0.28 Mar 1, 2024 14.49 13.31 LU1005243255
I2 Hgd GBP 12.05 0.00 0.00 Mar 1, 2024 12.12 11.36 LU0999670564
A2 Hgd CHF 9.46 0.00 0.00 Mar 1, 2024 9.57 9.06 LU1121327164
X2 Hgd CAD 12.35 0.00 0.00 Mar 1, 2024 12.42 11.62 LU1214678283
Class X5 Hedged EUR 8.51 0.00 0.00 Mar 1, 2024 8.58 8.12 LU1685502194
Class A10 USD 10.13 0.00 0.00 Mar 1, 2024 10.35 10.00 LU2708802827
X3 Hgd AUD 9.86 0.00 0.00 Mar 1, 2024 10.01 9.46 LU1003077820
A2 Hgd SEK 100.46 0.00 0.00 Mar 1, 2024 101.32 95.52 LU1121320748
Class I5 Hedged EUR 8.23 0.00 0.00 Mar 1, 2024 8.29 7.85 LU1129992308
Class X5 Hedged GBP 8.95 0.00 0.00 Mar 1, 2024 9.00 8.50 LU1165522217
I2 Hgd CAD 12.04 0.00 0.00 Mar 1, 2024 12.11 11.36 LU1136394076
A8 Hgd AUD 8.39 0.00 0.00 Mar 1, 2024 8.50 8.04 LU1165522480
X2 Hgd EUR 11.81 0.00 0.00 Mar 1, 2024 11.90 11.17 LU0278456909
A4 USD 9.84 0.00 0.00 Mar 1, 2024 9.90 9.28 LU1153584997

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income, Head of Fundamental Fixed Income, Head of Global Allocation Investment Team

Rick Rieder, Senior Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business and Head of the Global Allocation Investment Team.

Russell Brownback
Managing Director, Head of Global Macro Positioning for Fixed Income

Russell J Brownback, Managing Director, is a portfolio manager and Head of Global Macro Positioning for Fixed Income.

Aidan Doyle
Managing Director, Global Fixed Income Team

  

Literature

Literature