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

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Performance

Performance

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
Missing calendar year returns data
  1y 3y 5y 10y Incept.
-7.96 -0.34 0.70 - 1.20
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-7.85 -0.20 -3.48 -4.33 -7.96 -1.01 3.56 - 9.30
  From
30.Sep.2017
To
30.Sep.2018
From
30.Sep.2018
To
30.Sep.2019
From
30.Sep.2019
To
30.Sep.2020
From
30.Sep.2020
To
30.Sep.2021
From
30.Sep.2021
To
30.Sep.2022
Total Return (%)

as of 30-Sep-2022

-0.27 4.76 3.98 3.81 -7.92

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 CAD, 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 28-Nov-2022 USD 7,925,496,618.67
Share Class launch date 20-May-2015
Fund Launch Date 31-Jan-2007
Share Class Currency CAD
Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.56%
Annual Management Fee 0.50%
Performance Fee 0.00%
Minimum Initial Investment CAD 10,000,000.00
Minimum Subsequent Investment CAD 1,000.00
Distribution Frequency Monthly
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Other Bond
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFII3C
ISIN LU1234671672
SEDOL BXRTC82

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Oct-2022 2,892
12m Trailing Yield as of 31-Oct-2022 2.29
Standard Deviation (3y) as of 31-Oct-2022 6.03%
Yield to Maturity as of 31-Oct-2022 5.88%
Modified Duration as of 31-Oct-2022 2.90
Weighted Avg YTM as of 31-Oct-2022 5.84%
Effective Duration as of 31-Oct-2022 2.54 yrs
Weighted Avg Maturity as of 31-Oct-2022 6.13 yrs
WAL to Worst as of 31-Oct-2022 6.13 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.

Risk Indicator

Risk Indicator

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

 

Ratings

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director

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.

Russell Brownback
Russell Brownback
Aidan Doyle
CFA, Director

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

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.

Holdings

Holdings

as of 31-Oct-2022
Name Weight (%)
TREASURY NOTE 1.25 11/30/2026 8.78
TREASURY NOTE 2.875 05/15/2032 6.25
TREASURY BOND 2.875 05/15/2052 2.65
TREASURY (CPI) NOTE 0.625 01/15/2024 2.41
TREASURY (CPI) NOTE 0.5 04/15/2024 2.12
Name Weight (%)
GNMA2 30YR TBA(REG C) 1.88
FHLMC 30YR UMBS 1.81
FNMA 30YR 2019 PRODUCTION 1.81
FNMA 30YR 2018 PRODUCTION 1.77
TREASURY NOTE 2.625 05/31/2027 1.32
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-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 31-Oct-2022

% of Market Value

Type Fund
as of 31-Oct-2022

% of Market Value

Type Fund
Allocations subject to change.
as of 31-Oct-2022

% of Market Value

Type Fund
as of 31-Oct-2022

% of Market Value

Type Fund
as of 31-Oct-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

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class I3 Hedged CAD Monthly 9.10 0.01 0.11 28-Nov-2022 9.94 8.93 LU1234671672 -
Class D2 Hedged EUR None 10.16 0.01 0.10 28-Nov-2022 11.08 9.98 LU0278456651 -
Class I2 Hedged CHF None 10.94 0.01 0.09 28-Nov-2022 11.94 10.76 LU1270847004 -
Class A5 USD Quarterly 9.63 0.01 0.10 28-Nov-2022 10.49 9.43 LU0280465617 -
Class A2 USD None 14.60 0.02 0.14 28-Nov-2022 15.68 14.29 LU0278466700 -
Class A5 Hedged SGD Quarterly 13.68 0.01 0.07 28-Nov-2022 14.94 13.40 LU0280468637 -
Class A5 Hedged EUR Quarterly 6.20 0.01 0.16 28-Nov-2022 6.89 6.09 LU0280467159 -
Class A2 Hedged PLN None 16.15 0.02 0.12 28-Nov-2022 16.82 15.77 LU0480534915 -
Class D2 Hedged PLN None 16.99 0.02 0.12 28-Nov-2022 17.61 16.58 LU0827879684 -
Class D4 Hedged EUR Annual 8.46 0.01 0.12 28-Nov-2022 9.40 8.30 LU1340096590 -
Class A2 Hedged EUR None 9.43 0.01 0.11 28-Nov-2022 10.34 9.26 LU0278453476 -
Class E2 Hedged EUR None 8.72 0.01 0.11 28-Nov-2022 9.61 8.57 LU0278456818 -
Class D5 USD Quarterly 10.13 0.01 0.10 28-Nov-2022 11.03 9.91 LU0737136415 -
Class E2 USD None 13.45 0.02 0.15 28-Nov-2022 14.51 13.18 LU0278469472 -
Class I2 Hedged EUR None 10.52 0.01 0.10 28-Nov-2022 11.46 10.33 LU0368231436 -
Class I5 Hedged JPY Quarterly 877.00 1.00 0.11 28-Nov-2022 974.00 861.00 LU1791183194 -
Class I2 Hedged AUD - 10.32 0.01 0.10 28-Nov-2022 11.10 10.11 LU1786038098 -
Class D2 USD None 15.33 0.01 0.07 28-Nov-2022 16.40 15.01 LU0278469043 -
Class D4 Hedged CAD Annual 9.24 0.01 0.11 28-Nov-2022 10.09 9.05 LU1270847186 -
Class AI2 Hedged EUR - 9.61 0.01 0.10 28-Nov-2022 10.54 9.44 LU1960221809 -
Class AI2 EUR - 11.11 -0.04 -0.36 28-Nov-2022 11.93 10.71 LU1960221981 -
Class A2 Hedged GBP None 10.17 0.01 0.10 28-Nov-2022 11.00 9.98 LU1181257202 -
Class D5 Hedged CHF Quarterly 8.39 0.01 0.12 28-Nov-2022 9.35 8.25 LU1681056062 -
Class A8 Hedged CNH Monthly 87.34 0.09 0.10 28-Nov-2022 97.46 85.96 LU1165523371 -
Class A1 USD Monthly 9.62 0.01 0.10 28-Nov-2022 10.49 9.44 LU1003076855 -
Class A2 EUR None 14.00 -0.04 -0.28 28-Nov-2022 15.03 13.50 LU1005243255 -
Class A4 Hedged EUR Annual 8.46 0.01 0.12 28-Nov-2022 9.40 8.31 LU0973708182 -
Class A2 Hedged SGD None 20.76 0.02 0.10 28-Nov-2022 22.37 20.34 LU0278465488 -
Class I5 GBP Hedged GBP Quarterly 9.30 0.01 0.11 28-Nov-2022 10.21 9.12 LU1877503935 -
Class A6 Hedged HKD Monthly 81.92 0.09 0.11 28-Nov-2022 91.07 80.53 LU1051769021 -
Class D2 Hedged CHF None 10.22 0.01 0.10 28-Nov-2022 11.17 10.04 LU0972027022 -
Class I5 USD Quarterly 9.43 0.01 0.11 28-Nov-2022 10.27 9.23 LU1083819141 -
Class A2 Hedged CHF None 9.37 0.01 0.11 28-Nov-2022 10.29 9.21 LU1121327164 -
Class D4 Hedged GBP Annual 4.38 0.00 0.00 28-Nov-2022 4.81 4.30 LU1294567364 -
Class D2 EUR None 14.70 -0.05 -0.34 28-Nov-2022 15.77 14.12 LU1005243503 -
Class I2 Hedged GBP None 11.34 0.02 0.18 28-Nov-2022 12.18 11.11 LU0999670564 -
Class A2 Hedged SEK None 97.07 0.10 0.10 28-Nov-2022 105.94 95.34 LU1121320748 -
Class I5 Hedged EUR Quarterly 8.23 0.01 0.12 28-Nov-2022 9.16 8.08 LU1129992308 -
Class A3 EUR Monthly 9.23 -0.03 -0.32 28-Nov-2022 9.94 9.01 LU1005243339 -
Class I2 USD None 12.26 0.02 0.16 28-Nov-2022 13.09 11.99 LU0986736956 -
Class A3 USD Monthly 9.62 0.01 0.10 28-Nov-2022 10.48 9.44 LU1003076939 -
Class E2 EUR None 12.90 -0.04 -0.31 28-Nov-2022 13.86 12.49 LU1005243685 -
Class A1 EUR Monthly 9.22 -0.03 -0.32 28-Nov-2022 9.94 9.02 LU1005244220 -
Class I5 JPY Quarterly 1,306.00 -6.00 -0.46 28-Nov-2022 1,397.00 1,145.00 LU1926936912 -
Class D2 Hedged GBP None 11.18 0.01 0.09 28-Nov-2022 12.04 10.96 LU0278463947 -
Class D2 Hedged SGD None 21.83 0.02 0.09 28-Nov-2022 23.41 21.38 LU0827879767 -
Class D5 Hedged EUR Quarterly 6.21 0.00 0.00 28-Nov-2022 6.91 6.10 LU0827879841 -
Class A6 USD Monthly 10.97 0.01 0.09 28-Nov-2022 12.10 10.77 LU1051767835 -
Class A2 Hedged JPY None 999.00 1.00 0.10 28-Nov-2022 1,094.00 982.00 LU1005243099 -
Class I2 Hedged JPY None 1,060.00 1.00 0.09 28-Nov-2022 1,154.00 1,041.00 LU1005243172 -
Class D4 EUR Annual 12.36 -0.04 -0.32 28-Nov-2022 13.45 12.10 LU1085283973 -
Class A4 USD Annual 9.51 0.01 0.11 28-Nov-2022 10.36 9.31 LU1153584997 -
Class A8 Hedged AUD Monthly 8.31 0.01 0.12 28-Nov-2022 9.21 8.16 LU1165522480 -
Class I2 Hedged CAD None 11.30 0.01 0.09 28-Nov-2022 12.09 11.06 LU1136394076 -

Literature

Literature