Fixed Income

BGF Fixed Income Global Opportunities Fund

  • NAV as of 02-Dec-2020 SGD 22.16
    52 WK: 19.39 - 22.16
  • 1 Day NAV Change as of 02-Dec-2020 0.00 (0.00%)

Overview

Investment Approach

The Fund aims to achieve a return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests primarily in fixed income securities (such as bonds) on a global basis and money-market instruments (i.e. debt securities with short term maturities). The fixed income securities and money-market instruments may be issued by governments, government agencies, companies and supranationals.

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

Please note the Fund-specific risks under the relevant section in Disclaimer.

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

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Performance

Performance

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Share Class performance displayed in SGD 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

Record Date Ex-Date Payable Date
View full table
Record Date Ex-Date Payable Date Total Distribution
  From
30.Sep.2015
To
30.Sep.2016		 From
30.Sep.2016
To
30.Sep.2017		 From
30.Sep.2017
To
30.Sep.2018		 From
30.Sep.2018
To
30.Sep.2019		 From
30.Sep.2019
To
30.Sep.2020
Total Return (%)

as of 30-Sep-2020

2.24 3.82 -1.08 4.27 3.38
  1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Oct-2020

3.14 2.13 2.35 2.86 2.53
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Oct-2020

2.12 -0.14 0.32 3.14 6.54 12.33 32.52 41.05
  2015 2016 2017 2018 2019
Total Return (%) -0.21 2.55 3.55 -2.16 6.31
Annual w/ Sales Charge (%) -5.20 -2.58 -1.63 -7.05 0.99

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in SGD, 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

Size of Fund (Millions) as of 02-Dec-2020 USD 10,112.41
12m Trailing Yield -
Number of Holdings as of 30-Oct-2020 3,121
Base Currency USD
Fund Launch Date 31-Jan-2007
Share Class launch date 01-Feb-2007
Asset Class Fixed Income
Morningstar Category Other Bond
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.22%
ISIN LU0278465488
Bloomberg Ticker MLIHSA2
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B1PF5Z6
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment SGD 5,000.00
Minimum Subsequent Investment SGD 1,000.00
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 30-Oct-2020 3.05%
Modified Duration as of 30-Oct-2020 4.45
Effective Duration as of 30-Oct-2020 3.31 Jahre
Weighted Avg Maturity as of 30-Oct-2020 6.42 Jahre
WAL to Worst as of 30-Oct-2020 6.42 Jahre

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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. MSCI Ratings are currently unavailable for this fund.

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 30-Oct-2020 0.00%
MSCI - UN Global Compact Violators as of 30-Oct-2020 1.06%
MSCI - Nuclear Weapons as of 30-Oct-2020 0.29%
MSCI - Thermal Coal as of 30-Oct-2020 0.02%
MSCI - Civilian Firearms as of 30-Oct-2020 0.00%
MSCI - Oil Sands as of 30-Oct-2020 0.00%
MSCI - Tobacco as of 30-Oct-2020 0.05%
Business Involvement Coverage as of 30-Oct-2020 26.38%
Percentage of Fund not covered as of 30-Oct-2020 73.62%
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 0.18% and for Oil Sands 0.19%.

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.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

 

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 12-Mar-2019)

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Portfolio Manager, BlackRock’s Green Bond Mandates

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income.

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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. 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.

 

Bob Miller
Bob Miller
Managing Director

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.

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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. 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.

Aidan Doyle
Aidan Doyle
CFA, Director

Aidan Doyle, CFA, Director, is a portfolio manager within the Global Bond Team.

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Aidan Doyle, CFA, Director, is a portfolio manager within the Global Bond Team. He is co-lead manager for the BGF World Bond Fund and BGF Global Government Bond Fund. Mr. Doyle began his career at BlackRock in 2010 when he joined the Global Bond Team as a portfolio manager. He is responsible for developing macro directional and relative value investment strategies and managing the team's global aggregate and global government bond portfolios. Mr Doyle. has a MSc degree in Finance from the Imperial College London, with a focus on fixed income and derivatives. He earned a BA degree in Economics, with honors, from Trinity College Dublin, with a focus on financial economics.

Holdings

Holdings

as of 30-Oct-2020
Name Weight (%)
TREASURY (CPI) NOTE 0.5 04/15/2024 3.14
FNMA 30YR 2018 PRODUCTION 2.17
FHLMC 30YR UMBS MIRROR 1.57
FNMA 30YR 2019 PRODUCTION 1.45
ITALY (REPUBLIC OF) 2.45 09/01/2050 1.40
Name Weight (%)
TREASURY (CPI) NOTE 0.125 04/15/2025 1.23
TREASURY NOTE 1.5 08/31/2021 1.17
INDIA (REPUBLIC OF) 7.26 01/14/2029 0.99
TREASURY NOTE 1.5 09/30/2021 0.98
FNMA 30YR 4.5% LTV > 90 2018 0.97
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Oct-2020

% of Market Value

Type Fund
as of 30-Oct-2020

% 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 30-Oct-2020

% of Market Value

Type Fund
Allocations subject to change.
as of 30-Oct-2020

% of Market Value

Type Fund
as of 30-Oct-2020

% of Market Value

Type Fund
as of 30-Oct-2020

% 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
Class A2 Hedged SGD None 22.16 0.00 0.00 22.16 19.39 - LU0278465488 - -
Class I2 Hedged CHF None 11.90 0.01 0.08 11.90 10.44 - LU1270847004 - -
Class A5 USD Quarterly 10.55 0.00 0.00 10.55 9.27 - LU0280465617 - -
Class I2 Hedged JPY None 1,141.00 1.00 0.09 1,141.00 998.00 - LU1005243172 - -
Class A2 Hedged EUR None 10.34 0.00 0.00 10.34 9.11 - LU0278453476 - -
Class A5 Hedged EUR Quarterly 7.00 0.01 0.14 7.00 6.20 - LU0280467159 - -
Class D4 EUR Annual 11.69 -0.08 -0.68 12.90 11.57 - LU1085283973 - -
Class A2 Hedged JPY None 1,089.00 0.00 0.00 1,089.00 957.00 - LU1005243099 - -
Class I3 Hedged CAD Monthly 10.00 0.00 0.00 10.00 8.86 - LU1234671672 - -
Class A2 USD None 15.54 0.01 0.06 15.54 13.55 - LU0278466700 - -
Class D4 Hedged CAD Annual 10.16 0.00 0.00 10.21 9.08 - LU1270847186 - -
Class D2 Hedged EUR None 11.03 0.00 0.00 11.03 9.68 - LU0278456651 - -
Class I2 Hedged EUR None 11.39 0.00 0.00 11.39 9.98 - LU0368231436 - -
Class A2 Hedged PLN None 16.69 0.00 0.00 16.69 14.63 - LU0480534915 - -
Class D5 USD Quarterly 11.10 0.01 0.09 11.10 9.74 - LU0737136415 - -
Class D4 Hedged EUR Annual 9.55 0.00 0.00 9.62 8.58 - LU1340096590 - -
Class I5 Hedged JPY Quarterly 984.00 0.00 0.00 984.00 870.00 - LU1791183194 - -
Class D2 Hedged PLN None 17.38 0.00 0.00 17.38 15.18 - LU0827879684 - -
Class E2 USD None 14.46 0.00 0.00 14.46 12.66 - LU0278469472 - -
Class A5 Hedged SGD Quarterly 15.03 0.00 0.00 15.03 13.24 - LU0280468637 - -
Class E2 Hedged EUR None 9.66 0.00 0.00 9.66 8.54 - LU0278456818 - -
Class A6 USD Monthly 12.36 0.00 0.00 12.38 11.09 - LU1051767835 - -
Class AI2 EUR - 10.21 -0.07 -0.68 11.06 9.95 - LU1960221981 - -
Class D5 Hedged CHF Quarterly 9.51 0.00 0.00 9.51 8.44 - LU1681056062 - -
Class D2 Hedged GBP None 11.90 0.00 0.00 11.90 10.41 - LU0278463947 - -
Class AI2 Hedged EUR - 10.54 0.00 0.00 10.54 9.28 - LU1960221809 - -
Class A2 Hedged GBP None 10.94 0.00 0.00 10.94 9.60 - LU1181257202 - -
Class I2 Hedged AUD - 10.96 0.00 0.00 10.96 9.57 - LU1786038098 - -
Class D2 USD None 16.16 0.00 0.00 16.16 14.05 - LU0278469043 - -
Class D5 Hedged EUR Quarterly 7.01 0.00 0.00 7.01 6.21 - LU0827879841 - -
Class D2 Hedged SGD None 23.08 0.01 0.04 23.08 20.12 - LU0827879767 - -
Class I5 JPY Quarterly 1,080.00 1.00 0.09 1,134.00 997.00 - LU1926936912 - -
Class E2 EUR None 11.96 -0.09 -0.75 13.01 11.70 - LU1005243685 - -
Class A1 EUR Daily 8.72 -0.07 -0.80 9.56 8.59 - LU1005244220 - -
Class A8 Hedged CNH Monthly 98.45 0.02 0.02 98.65 87.61 - LU1165523371 - -
Class I2 USD None 12.88 0.01 0.08 12.88 11.18 - LU0986736956 - -
Class A3 EUR Monthly 8.71 -0.07 -0.80 9.56 8.59 - LU1005243339 - -
Class A3 USD Monthly 10.53 0.00 0.00 10.53 9.29 - LU1003076939 - -
Class D4 Hedged GBP Annual 4.85 0.00 0.00 4.88 4.34 - LU1294567364 - -
Class I2 Hedged GBP None 12.03 0.01 0.08 12.03 10.51 - LU0999670564 - -
Class A1 USD Daily 10.54 0.00 0.00 10.54 9.29 - LU1003076855 - -
Class A6 Hedged HKD Monthly 93.19 0.02 0.02 93.34 83.53 - LU1051769021 - -
Class A2 Hedged CHF None 10.32 0.01 0.10 10.32 9.10 - LU1121327164 - -
Class A2 EUR None 12.86 -0.09 -0.69 13.93 12.53 - LU1005243255 - -
Class A2 Hedged SEK None 105.59 0.01 0.01 105.59 92.76 - LU1121320748 - -
Class D2 EUR None 13.37 -0.10 -0.74 14.43 12.99 - LU1005243503 - -
Class I5 GBP Hedged GBP Quarterly 10.29 0.00 0.00 10.29 9.09 - LU1877503935 - -
Class A4 Hedged EUR Annual 9.54 0.00 0.00 9.58 8.56 - LU0973708182 - -
Class D2 Hedged CHF None 11.14 0.00 0.00 11.14 9.79 - LU0972027022 - -
Class I5 Hedged EUR Quarterly 9.30 0.01 0.11 9.30 8.23 - LU1129992308 - -
Class I5 USD Quarterly 10.33 0.00 0.00 10.33 9.06 - LU1083819141 - -
Class A4 USD Annual 10.42 0.00 0.00 10.42 9.25 - LU1153584997 - -
Class I2 Hedged CAD None 11.92 0.01 0.08 11.92 10.39 - LU1136394076 - -
Class A8 Hedged AUD Monthly 9.40 0.00 0.00 9.41 8.42 - LU1165522480 - -

Literature

Literature