BGF Fixed Income Global Opportunities Fund

Fixed Income

BGF Fixed Income Global Opportunities Fund

Overview

Investment Approach

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests globally at least 70% of its total assets in fixed income securities. The fixed income securities are denominated in various currencies and may be issued by governments, government agencies, companies and supranationals.
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Performance

Performance

  • Returns

  From
31-Mar-2014
To
31-Mar-2015		 From
31-Mar-2015
To
31-Mar-2016		 From
31-Mar-2016
To
31-Mar-2017		 From
31-Mar-2017
To
31-Mar-2018		 From
31-Mar-2018
To
31-Mar-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Mar 31, 2019

3.61 -1.89 4.71 2.20 -0.18
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.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
View full chart
Share Class performance displayed in GBP and Benchmark performance displayed in USD. Source: BlackRock. Performance is shown on a net asset value basis, with gross income reinvested. Past performance is not a guide to future performance.

Reinvestments

This fund does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end.

Key Facts

Key Facts

Size of Fund (Millions) as of Apr 18, 2019 USD 9,900.421
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of Mar 29, 2019 2968
Base Currency U.S. Dollar
Fund Inception Date Jan 31, 2007
Share Class Inception Date Dec 18, 2013
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - GBP Hedged
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 0.56%
ISIN LU0999670564
Bloomberg Ticker BGFGI2G
Annual Management Fee As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs. 0.50%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BH89CR8
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 10000000
Minimum Subsequent Investment GBP 1000
Use of Income Accumulating

Ratings

Ratings

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)
Ratings Report

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Mar 29, 2019
Name Weight (%)
FNMA 30YR TBA(REG A) 4.5 05/13/2019 22.06
FNMA 30YR TBA(REG A) 5 04/10/2019 5.18
FNMA 15YR 2017 PRODUCTION 2.70
GNMA2 30YR TBA(REG C) 4 05/21/2019 2.38
FNMA 15YR 2016 PRODUCTION 1.83
Name Weight (%)
UMBS 30YR TBA(REG A) 4 06/13/2019 1.48
FNMA 15YR 2015 PRODUCTION 0.87
JAPAN (GOVERNMENT OF) 10YR #23 0.1 03/10/2028 0.78
FNMA 15YR 3% HLB 150K 2017 0.72
TREASURY (CPI) NOTE 0.625 04/15/2023 0.53
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 29, 2019

% of Market Value

Type Fund
as of Mar 29, 2019

% 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 Mar 29, 2019

% of Market Value

Type Fund
Allocations subject to change.
as of Mar 29, 2019

% of Market Value

Type Fund
as of Mar 29, 2019

% of Market Value

Type Fund
as of Mar 29, 2019

% 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
I2 Hgd GBP Accumulating 11.17 0.00 0.00 11.17 10.89 - LU0999670564 - -
I2 Hgd CHF Accumulating 11.25 -0.01 -0.09 11.40 11.02 - LU1270847004 - -
I2 Hgd EUR Accumulating 10.72 0.00 0.00 10.82 10.48 - LU0368231436 - -
A5 Hgd SGD Quarterly 14.37 0.00 0.00 14.65 14.08 - LU0280468637 - -
X2 Hgd SEK Accumulating 10.47 0.00 0.00 10.51 10.21 - LU1153584724 - -
E2 Hgd EUR Accumulating 9.27 0.00 0.00 9.46 9.09 - LU0278456818 - -
D4 Hgd EUR Annual 9.53 0.00 0.00 9.91 9.32 - LU1340096590 - -
A5 USD Quarterly 10.00 0.00 0.00 10.09 9.77 - LU0280465617 - -
Class I3 Hedged CAD Monthly 9.61 0.00 0.00 9.79 9.42 - LU1234671672 - -
Class I5 Hedged JPY - 963.00 0.00 0.00 1,000.00 949.00 - LU1791183194 - -
A2 Hgd PLN Accumulating 15.50 0.00 0.00 15.51 15.10 - LU0480534915 - -
A2 USD Accumulating 14.24 0.00 0.00 14.24 13.82 - LU0278466700 - -
A2 Hgd EUR Accumulating 9.84 0.00 0.00 10.00 9.64 - LU0278453476 - -
A5 Hgd EUR Quarterly 6.88 0.00 0.00 7.16 6.79 - LU0280467159 - -
D2 Hgd PLN Accumulating 16.01 -0.01 -0.06 16.02 15.57 - LU0827879684 - -
D2 Hgd EUR Accumulating 10.41 0.00 0.00 10.52 10.19 - LU0278456651 - -
C2 USD Accumulating 12.24 0.00 0.00 12.24 11.92 - LU0278467773 - -
C5 USD Quarterly 9.96 0.00 0.00 10.05 9.74 - LU0280466938 - -
A2 Hgd SGD Accumulating 20.51 0.00 0.00 20.51 19.96 - LU0278465488 - -
D4 Hgd CAD Annual 9.88 0.00 0.00 10.06 9.60 - LU1270847186 - -
D5 USD Quarterly 10.50 0.00 0.00 10.60 10.26 - LU0737136415 - -
E2 USD Accumulating 13.36 0.00 0.00 13.36 12.98 - LU0278469472 - -
D4 EUR Annual 12.05 0.06 0.50 12.05 11.04 - LU1085283973 - -
A2 Hgd JPY Accumulating 1,032.00 0.00 0.00 1,046.00 1,010.00 - LU1005243099 - -
I2 Hgd JPY Accumulating 1,069.00 0.00 0.00 1,077.00 1,045.00 - LU1005243172 - -
I2 Hgd AUD - 10.13 0.00 0.00 10.13 9.83 - LU1786038098 - -
D5 Hgd CHF Quarterly 9.39 -0.01 -0.11 9.81 9.28 - LU1681056062 - -
X2 Hgd CHF Accumulating 11.59 0.00 0.00 11.68 11.33 - LU1263143379 - -
A6 USD Monthly 12.06 0.00 0.00 12.31 11.82 - LU1051767835 - -
- EUR - - - - - - - LU1960221981 - -
D2 Hgd GBP Accumulating 11.09 0.00 0.00 11.09 10.81 - LU0278463947 - -
D5 Hgd EUR Quarterly 6.90 0.00 0.00 7.18 6.80 - LU0827879841 - -
D2 USD Accumulating 14.69 0.00 0.00 14.69 14.23 - LU0278469043 - -
- JPY - 1,094.00 -1.00 -0.09 1,095.00 1,027.00 - LU1926936912 - -
D2 Hgd SGD Accumulating 21.18 0.00 0.00 21.18 20.58 - LU0827879767 - -
I2 USD Accumulating 11.68 0.00 0.00 11.68 11.31 - LU0986736956 - -
- EUR - 10.03 0.00 0.00 10.04 10.00 - LU1960221809 - -
X2 Hgd GBP Accumulating 10.96 0.00 0.00 10.96 10.67 - LU0278465058 - -
A2 Hgd GBP Accumulating 10.27 0.00 0.00 10.32 10.03 - LU1181257202 - -
A8 Hgd CNH Monthly 95.21 0.00 0.00 98.17 93.71 - LU1165523371 - -
X3 Hgd EUR Monthly 9.25 0.00 0.00 9.63 9.13 - LU1003077317 - -
A1 EUR Daily 8.88 0.04 0.45 8.89 8.15 - LU1005244220 - -
J3 USD Monthly 10.01 0.00 0.00 10.11 9.78 - LU1003077150 - -
E2 EUR Accumulating 11.88 0.06 0.51 11.88 10.69 - LU1005243685 - -
X2 USD Accumulating 11.32 0.00 0.00 11.32 10.95 - LU0278469985 - -
C1 USD Daily 9.99 0.00 0.00 10.09 9.78 - LU1003077077 - -
C1 EUR Daily 8.88 0.04 0.45 8.89 8.15 - LU1005244493 - -
A1 USD Daily 9.99 0.00 0.00 10.09 9.78 - LU1003076855 - -
A3 USD Monthly 10.00 0.00 0.00 10.09 9.77 - LU1003076939 - -
A3 EUR Monthly 8.89 0.05 0.57 8.89 8.15 - LU1005243339 - -
D4 Hgd GBP Annual 4.77 0.00 0.00 4.91 4.66 - LU1294567364 - -
C2 EUR Accumulating 10.88 0.05 0.46 10.88 9.86 - LU1005243412 - -
X3 Hgd AUD Monthly 10.52 0.00 0.00 10.67 10.30 - LU1003077820 - -
A2 Hgd SEK Accumulating 100.02 -0.01 -0.01 101.58 97.96 - LU1121320748 - -
- GBP - 9.98 0.00 0.00 10.01 9.81 - LU1877503935 - -
D2 EUR Accumulating 13.06 0.06 0.46 13.06 11.63 - LU1005243503 - -
X2 Hgd EUR Accumulating 11.26 -0.01 -0.09 11.31 11.00 - LU0278456909 - -
X2 Hgd CAD Accumulating 10.95 0.00 0.00 10.95 10.63 - LU1214678283 - -
Class I5 Hedged EUR Quarterly 9.14 0.00 0.00 9.51 9.01 - LU1129992308 - -
I2 Hgd CAD Accumulating 10.93 0.00 0.00 10.93 10.62 - LU1136394076 - -
D2 Hgd CHF Accumulating 10.57 0.00 0.00 10.72 10.35 - LU0972027022 - -
Class X5 Hedged EUR Quarterly 9.45 0.00 0.00 9.83 9.31 - LU1685502194 - -
Class X5 Hedged GBP Quarterly 9.44 0.00 0.00 9.72 9.28 - LU1165522217 - -
A8 Hgd AUD Monthly 9.24 0.00 0.00 9.51 9.08 - LU1165522480 - -
A4 Hgd EUR Annual 9.51 0.00 0.00 9.88 9.32 - LU0973708182 - -
A2 EUR Accumulating 12.66 0.06 0.48 12.66 11.33 - LU1005243255 - -
A2 Hgd CHF Accumulating 9.86 -0.01 -0.10 10.06 9.68 - LU1121327164 - -
X3 USD Monthly 10.01 0.00 0.00 10.11 9.78 - LU1003077234 - -
A4 USD Annual 9.98 0.00 0.00 10.07 9.69 - LU1153584997 - -
I5 USD Quarterly 9.78 0.00 0.00 9.87 9.55 - LU1083819141 - -
X2 Hgd AUD Accumulating 11.89 0.00 0.00 11.89 11.52 - LU1093512371 - -
A6 Hgd HKD Monthly 91.19 -0.01 -0.01 94.09 89.69 - LU1051769021 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Managing Director, Global Chief Investment Officer of Fixed Income

Rick Rieder

Read More

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, and Co-head of BlackRock’s Global Fixed Income platform, a member of BlackRock's Global Operating Committee and Chairman of the firm-wide BlackRock Investment Council.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014 and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013.

 

From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program.

 

Mr. Rieder serves as Chairman of the Board of North Star Academy's thirteen Charter Schools in Newark, New Jersey and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is a Trustee for the US Olympic Foundation, and is on the International Advisory Council and Board of Advisors for the Hospital for Special Surgery. He serves on the National Leadership Council of the Communities in Schools Educational Foundation and on the board of Big Brothers/Big Sisters of Newark and Essex County Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

 

Andreas Doerrenhaus
Andreas Doerrenhaus
Bob Miller
Bob Miller
Managing Director, Head of U.S. Multi-Sector Fixed Income

  

Read More

Bob Miller, Managing Director, is head of the U.S. Multi-Sector Fixed Income team within BlackRock's Global Fixed Income group and a member of the Global Fixed Income executive team. He is a portfolio manager of BlackRock's Core Bond, Total Return, and Strategic Income Opportunities Funds.

 

Prior to joining BlackRock in 2011, Mr. Miller was a co-founder and partner at the Round Table Investment Management Company, a multi-strategy, research-based investment company, where he managed a global macro strategy. Previously, Mr. Miller spent 20 years at Bank of America, where he served in a variety of roles, most recently as senior portfolio manager for the bank's proprietary multi-asset class investment portfolio. Mr. Miller managed global interest rate, credit and foreign exchange portfolios during his tenure at Bank of America. Mr. Miller is a Trustee of Davidson College and serves as a member of the Investment Committee and the Athletics Committee. He is also actively involved with the Davidson July Experience program. Mr. Miller is a former Trustee and past Chairman of the Board at Trinity Episcopal School in Charlotte, NC. He currently serves as an advisor to the TES Investment Committee. He previously served as an advisor to the Investment Committee of St. Mary's School in Raleigh, NC.

 

He earned a BA degree in economics from Davidson College.

Literature

Literature

 

 

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