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

Record Date Ex-Date Payable Date
View full table

  2018 2019 2020 2021 2022
Total Return (%) 1.00 12.33 7.80

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

  1Y 3Y 5Y 10y Incept.
4.06 10.20 - - 7.67
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
5.11 2.96 4.69 -5.08 4.06 33.83 - - 37.69
  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
From
31-Mar-2022
To
31-Mar-2023
Total Return (%)

as of Mar 31, 2023

- -3.68 15.98 7.16 7.39
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 Jun 2, 2023 USD 7,462,268,655
Share Class Inception Date Jan 2, 2019
Fund Inception Date Jan 31, 2007
Share Class Currency JPY
Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Initial Charge -
Ongoing Charge 0.56%
Annual Management Fee -
Performance Fee -
Minimum Initial Investment JPY 10000000
Minimum Subsequent Investment JPY 1000
Distribution Frequency Quarterly
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Flexible Bond - USD Hedged
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFIOI5
ISIN LU1926936912
SEDOL BJ11KN7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Apr 28, 2023 2798
12m Trailing Yield as of May 31, 2023 2.81%
Standard Deviation (3y) as of Apr 30, 2023 8.29%
Yield to Maturity as of Apr 28, 2023 6.73%
Modified Duration as of Apr 28, 2023 3.29 yrs
Yield to Worst as of Apr 28, 2023 6.68%
Effective Duration as of Apr 28, 2023 2.84 yrs
Weighted Avg Maturity as of Apr 28, 2023 7.12 yrs
WAL to Worst as of Apr 28, 2023 7.12 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 Analyst Rating

Morningstar Analyst Rating - Gold
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective Apr 22, 2020)

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Apr 28, 2023
Name Weight (%)
TREASURY NOTE 1.25 11/30/2026 5.37
TREASURY NOTE 2.875 05/15/2032 4.85
GNMA2 30YR TBA(REG C) 4.20
TREASURY BOND 2.875 05/15/2052 3.01
UMBS 30YR TBA(REG A) 2.31
Name Weight (%)
FNMA 30YR UMBS SUPER 2.29
TREASURY (CPI) NOTE 0.625 01/15/2024 1.78
TREASURY (CPI) NOTE 0.5 04/15/2024 1.61
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.43
TREASURY NOTE 2.625 05/31/2027 1.37
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 28, 2023

% 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 28, 2023

% of Market Value

Type Fund
as of Apr 28, 2023

% of Market Value

Type Fund
Allocations subject to change.
as of Apr 28, 2023

% of Market Value

Type Fund
as of Apr 28, 2023

% of Market Value

Type Fund
as of Apr 28, 2023

% 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
I5 JPY Quarterly 1,317.00 8.00 0.61 Jun 2, 2023 1,397.00 1,221.00 LU1926936912 -
E2 Hgd EUR Accumulating 8.71 0.00 0.00 Jun 2, 2023 9.12 8.57 LU0278456818 -
C5 USD Quarterly 9.60 0.00 0.00 Jun 2, 2023 9.93 9.40 LU0280466938 -
X2 Hgd SEK Accumulating 10.69 0.00 0.00 Jun 2, 2023 10.96 10.40 LU1153584724 -
D2 Hgd EUR Accumulating 10.20 0.01 0.10 Jun 2, 2023 10.57 9.98 LU0278456651 -
I2 Hgd CHF Accumulating 10.90 0.00 0.00 Jun 2, 2023 11.40 10.76 LU1270847004 -
A5 USD Quarterly 9.65 0.00 0.00 Jun 2, 2023 10.00 9.43 LU0280465617 -
A2 Hgd SGD Accumulating 20.95 0.01 0.05 Jun 2, 2023 21.41 20.34 LU0278465488 -
A2 Hgd PLN Accumulating 16.61 0.01 0.06 Jun 2, 2023 16.71 15.77 LU0480534915 -
A2 Hgd EUR Accumulating 9.44 0.00 0.00 Jun 2, 2023 9.84 9.26 LU0278453476 -
E2 USD Accumulating 13.62 0.01 0.07 Jun 2, 2023 13.87 13.18 LU0278469472 -
C2 USD Accumulating 12.10 0.01 0.08 Jun 2, 2023 12.41 11.76 LU0278467773 -
A5 Hgd EUR Quarterly 6.12 0.00 0.00 Jun 2, 2023 6.52 6.08 LU0280467159 -
D2 Hgd PLN Accumulating 17.52 0.01 0.06 Jun 2, 2023 17.60 16.58 LU0827879684 -
D4 Hgd EUR Annual 8.49 0.01 0.12 Jun 2, 2023 8.97 8.30 LU1340096590 -
A2 USD Accumulating 14.82 0.01 0.07 Jun 2, 2023 15.01 14.29 LU0278466700 -
D5 USD Quarterly 10.15 0.01 0.10 Jun 2, 2023 10.51 9.91 LU0737136415 -
Class I3 Hedged CAD Monthly 9.03 0.00 0.00 Jun 2, 2023 9.45 8.93 LU1234671672 -
D4 Hgd CAD Annual 9.38 0.01 0.11 Jun 2, 2023 9.68 9.05 LU1270847186 -
I2 Hgd EUR Accumulating 10.57 0.00 0.00 Jun 2, 2023 10.94 10.33 LU0368231436 -
Class I5 Hedged JPY Quarterly 854.00 1.00 0.12 Jun 2, 2023 924.00 849.00 LU1791183194 -
D4 EUR Annual 12.21 0.00 0.00 Jun 2, 2023 13.45 11.85 LU1085283973 -
I2 Hgd JPY Accumulating 1,050.00 1.00 0.10 Jun 2, 2023 1,104.00 1,041.00 LU1005243172 -
A2 Hgd JPY Accumulating 986.00 0.00 0.00 Jun 2, 2023 1,044.00 981.00 LU1005243099 -
I2 Hgd AUD - 10.42 0.00 0.00 Jun 2, 2023 10.64 10.11 LU1786038098 -
D2 USD Accumulating 15.61 0.01 0.06 Jun 2, 2023 15.77 15.01 LU0278469043 -
D5 Hgd EUR Quarterly 6.14 0.00 0.00 Jun 2, 2023 6.54 6.10 LU0827879841 -
D5 Hgd CHF Quarterly 8.22 0.01 0.12 Jun 2, 2023 8.84 8.17 LU1681056062 -
X2 Hgd CHF Accumulating 11.44 0.00 0.00 Jun 2, 2023 11.91 11.26 LU1263143379 -
A6 USD Monthly 10.94 0.01 0.09 Jun 2, 2023 11.42 10.77 LU1051767835 -
Class AI2 EUR - 10.95 0.00 0.00 Jun 2, 2023 11.93 10.64 LU1960221981 -
Class AI2 Hedged EUR - 9.62 0.00 0.00 Jun 2, 2023 10.03 9.44 LU1960221809 -
A2 Hgd GBP Accumulating 10.26 0.00 0.00 Jun 2, 2023 10.53 9.98 LU1181257202 -
D2 Hgd SGD Accumulating 22.09 0.01 0.05 Jun 2, 2023 22.45 21.38 LU0827879767 -
A8 Hgd CNH Monthly 85.95 0.04 0.05 Jun 2, 2023 91.87 85.56 LU1165523371 -
X2 Hgd GBP Accumulating 11.49 0.01 0.09 Jun 2, 2023 11.65 11.09 LU0278465058 -
X3 Hgd EUR Monthly 8.17 0.00 0.00 Jun 2, 2023 8.75 8.15 LU1003077317 -
Class S2 Hedged EUR - 9.86 0.01 0.10 Jun 2, 2023 10.21 9.64 LU1992159654 -
D2 Hgd GBP Accumulating 11.31 0.00 0.00 Jun 2, 2023 11.54 10.96 LU0278463947 -
Class S5 USD Quarterly 9.72 0.01 0.10 Jun 2, 2023 10.07 9.49 LU1992159068 -
J3 USD Monthly 9.60 0.01 0.10 Jun 2, 2023 9.99 9.46 LU1003077150 -
E2 EUR Accumulating 12.68 0.00 0.00 Jun 2, 2023 13.86 12.32 LU1005243685 -
C1 USD Monthly 9.59 0.00 0.00 Jun 2, 2023 9.98 9.44 LU1003077077 -
A1 EUR Monthly 8.93 0.00 0.00 Jun 2, 2023 9.94 8.70 LU1005244220 -
C1 EUR Monthly 8.93 0.00 0.00 Jun 2, 2023 9.94 8.70 LU1005244493 -
I2 USD Accumulating 12.48 0.00 0.00 Jun 2, 2023 12.61 11.99 LU0986736956 -
A3 USD Monthly 9.58 0.00 0.00 Jun 2, 2023 9.98 9.44 LU1003076939 -
X2 USD Accumulating 12.36 0.01 0.08 Jun 2, 2023 12.46 11.84 LU0278469985 -
A1 USD Monthly 9.59 0.00 0.00 Jun 2, 2023 9.99 9.44 LU1003076855 -
A5 Hgd SGD Quarterly 13.62 0.01 0.07 Jun 2, 2023 14.23 13.40 LU0280468637 -
A3 EUR Monthly 8.92 0.00 0.00 Jun 2, 2023 9.94 8.72 LU1005243339 -
Class S2 Hedged CHF - 9.69 0.00 0.00 Jun 2, 2023 10.14 9.56 LU1992159902 -
Class X5 Hedged EUR Quarterly 8.41 0.00 0.00 Jun 2, 2023 8.97 8.36 LU1685502194 -
Class S4 Hedged EUR Annual 9.15 0.01 0.11 Jun 2, 2023 9.67 8.94 LU1992161049 -
Class I5 Hedged EUR Quarterly 8.13 0.00 0.00 Jun 2, 2023 8.67 8.08 LU1129992308 -
X2 Hgd AUD Accumulating 12.49 0.01 0.08 Jun 2, 2023 12.69 12.08 LU1093512371 -
A4 Hgd EUR Annual 8.47 0.01 0.12 Jun 2, 2023 8.94 8.31 LU0973708182 -
C2 EUR Accumulating 11.26 0.00 0.00 Jun 2, 2023 12.37 10.95 LU1005243412 -
X2 Hgd EUR Accumulating 11.34 0.01 0.09 Jun 2, 2023 11.67 11.04 LU0278456909 -
Class I5 GBP Hedged GBP Quarterly 9.26 0.01 0.11 Jun 2, 2023 9.71 9.12 LU1877503935 -
A2 Hgd SEK Accumulating 97.30 0.04 0.04 Jun 2, 2023 100.97 95.34 LU1121320748 -
D2 EUR Accumulating 14.53 0.00 0.00 Jun 2, 2023 15.77 14.10 LU1005243503 -
D4 Hgd GBP Annual 4.43 0.00 0.00 Jun 2, 2023 4.61 4.30 LU1294567364 -
I5 USD Quarterly 9.45 0.01 0.11 Jun 2, 2023 9.79 9.23 LU1083819141 -
A2 Hgd CHF Accumulating 9.30 0.00 0.00 Jun 2, 2023 9.79 9.21 LU1121327164 -
D2 Hgd CHF Accumulating 10.17 0.01 0.10 Jun 2, 2023 10.65 10.04 LU0972027022 -
X3 USD Monthly 9.59 0.00 0.00 Jun 2, 2023 9.99 9.46 LU1003077234 -
I2 Hgd GBP Accumulating 11.48 0.01 0.09 Jun 2, 2023 11.69 11.11 LU0999670564 -
Class S2 USD - 10.64 0.00 0.00 Jun 2, 2023 10.75 10.23 LU1992160157 -
A2 EUR Accumulating 13.79 -0.01 -0.07 Jun 2, 2023 15.03 13.40 LU1005243255 -
A6 Hgd HKD Monthly 81.02 0.05 0.06 Jun 2, 2023 85.83 80.53 LU1051769021 -
X3 Hgd AUD Monthly 9.69 0.00 0.00 Jun 2, 2023 10.24 9.65 LU1003077820 -
A4 USD Annual 9.65 0.00 0.00 Jun 2, 2023 9.92 9.31 LU1153584997 -
Class X5 Hedged GBP Quarterly 8.76 0.00 0.00 Jun 2, 2023 9.19 8.62 LU1165522217 -
X2 Hgd CAD Accumulating 11.74 0.01 0.09 Jun 2, 2023 11.86 11.28 LU1214678283 -
I2 Hgd CAD Accumulating 11.48 0.00 0.00 Jun 2, 2023 11.62 11.06 LU1136394076 -
A8 Hgd AUD Monthly 8.24 0.00 0.00 Jun 2, 2023 8.69 8.16 LU1165522480 -

Portfolio Managers

Portfolio Managers

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