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

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.
7.80 6.94 - - 6.99
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.80 -5.02 -7.21 -3.19 7.80 22.31 - - 31.00
  From
31.12.2017
To
31.12.2018
From
31.12.2018
To
31.12.2019
From
31.12.2019
To
31.12.2020
From
31.12.2020
To
31.12.2021
From
31.12.2021
To
31.12.2022
Total Return (%)

as of 31.12.2022

- - 1.00 12.33 7.80

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 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 31.01.2023 USD 7,935,688,150
Share Class launch date 02.01.2019
Fund Launch Date 31.01.2007
Share Class Currency JPY
Fund Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Initial Charge -
Ongoing Charges Figures 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 30.12.2022 3051
12m Trailing Yield as of 31.12.2022 2.45
Standard Deviation (3y) as of 31.12.2022 9.12%
Yield to Maturity as of 30.12.2022 5.90
Modified Duration as of 30.12.2022 2.85
Weighted Average YTM as of 30.12.2022 5.87%
Effective Duration as of 30.12.2022 2.49
Weighted Avg Maturity as of 30.12.2022 5.97
WAL to Worst as of 30.12.2022 5.97

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

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Gold
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective 22.04.2020)

Holdings

Holdings

as of 30.12.2022
Name Weight (%)
TREASURY NOTE 2.875 05/15/2032 5.48
TREASURY NOTE 1.25 11/30/2026 5.03
FNMA 30YR UMBS SUPER 2.84
TREASURY BOND 2.875 05/15/2052 2.71
TREASURY (CPI) NOTE 0.625 01/15/2024 1.69
Name Weight (%)
FNMA 30YR 1.64
TREASURY (CPI) NOTE 0.5 04/15/2024 1.53
TREASURY NOTE 2.625 05/31/2027 1.28
TREASURY NOTE 3.25 06/30/2027 0.73
TREASURY NOTE 4 12/15/2025 0.72
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30.12.2022

% 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 30.12.2022

% of Market Value

Type Fund
as of 30.12.2022

% of Market Value

Type Fund
Allocations subject to change.
as of 30.12.2022

% of Market Value

Type Fund
as of 30.12.2022

% of Market Value

Type Fund
as of 30.12.2022

% 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 I5 JPY Quarterly 1,243.00 -5.00 -0.40 31.01.2023 1,397.00 1,145.00 LU1926936912 -
Class D5 USD Quarterly 10.28 -0.01 -0.10 31.01.2023 10.88 9.91 LU0737136415 -
Class D2 Hedged PLN None 17.49 0.00 0.00 31.01.2023 17.50 16.58 LU0827879684 -
Class I5 Hedged JPY Quarterly 882.00 0.00 0.00 31.01.2023 960.00 861.00 LU1791183194 -
Class I2 Hedged CHF None 11.10 -0.01 -0.09 31.01.2023 11.81 10.76 LU1270847004 -
Class A2 Hedged JPY None 1,011.00 0.00 0.00 31.01.2023 1,082.00 982.00 LU1005243099 -
Class I3 Hedged CAD Monthly 9.22 -0.03 -0.32 31.01.2023 9.81 8.93 LU1234671672 -
Class I2 Hedged EUR None 10.70 0.00 0.00 31.01.2023 11.33 10.33 LU0368231436 -
Class A2 Hedged EUR None 9.58 0.00 0.00 31.01.2023 10.21 9.26 LU0278453476 -
Class I2 Hedged JPY None 1,074.00 0.00 0.00 31.01.2023 1,141.00 1,041.00 LU1005243172 -
Class D4 EUR Annual 12.14 0.04 0.33 31.01.2023 13.45 12.08 LU1085283973 -
Class A2 Hedged SGD None 21.18 -0.01 -0.05 31.01.2023 22.13 20.34 LU0278465488 -
Class A5 USD Quarterly 9.78 -0.01 -0.10 31.01.2023 10.36 9.43 LU0280465617 -
Class A2 Hedged PLN None 16.61 -0.01 -0.06 31.01.2023 16.67 15.77 LU0480534915 -
Class X2 Hedged SEK None 10.80 0.00 0.00 31.01.2023 11.32 10.40 LU1153584724 -
Class A2 USD None 14.91 0.00 0.00 31.01.2023 15.51 14.29 LU0278466700 -
Class A5 Hedged EUR Quarterly 6.26 0.00 0.00 31.01.2023 6.79 6.09 LU0280467159 -
Class A5 Hedged SGD Quarterly 13.88 0.00 0.00 31.01.2023 14.75 13.40 LU0280468637 -
Class D2 Hedged EUR None 10.33 0.00 0.00 31.01.2023 10.96 9.98 LU0278456651 -
Class D4 Hedged EUR Annual 8.60 0.00 0.00 31.01.2023 9.30 8.30 LU1340096590 -
Class D4 Hedged CAD Annual 9.44 0.00 0.00 31.01.2023 9.99 9.05 LU1270847186 -
Class I2 Hedged AUD - 10.52 0.00 0.00 31.01.2023 10.99 10.11 LU1786038098 -
Class D2 USD None 15.68 0.00 0.00 31.01.2023 16.23 15.01 LU0278469043 -
Class D2 Hedged GBP None 11.40 -0.01 -0.09 31.01.2023 11.91 10.96 LU0278463947 -
Class D5 Hedged EUR Quarterly 6.27 0.00 0.00 31.01.2023 6.81 6.10 LU0827879841 -
Class A6 USD Monthly 11.13 -0.03 -0.27 31.01.2023 11.91 10.77 LU1051767835 -
Class A3 USD Monthly 9.77 -0.02 -0.20 31.01.2023 10.35 9.44 LU1003076939 -
Class S2 Hedged EUR - 9.98 0.00 0.00 31.01.2023 10.57 9.64 LU1992159654 -
Class A1 USD Monthly 9.78 0.00 0.00 31.01.2023 10.36 9.44 LU1003076855 -
Class X2 Hedged GBP None 11.55 -0.01 -0.09 31.01.2023 12.00 11.09 LU0278465058 -
Class I2 USD None 12.53 -0.01 -0.08 31.01.2023 12.96 11.99 LU0986736956 -
Class X3 Hedged EUR Monthly 8.39 -0.03 -0.36 31.01.2023 9.12 8.19 LU1003077317 -
Class A2 Hedged GBP None 10.36 -0.01 -0.10 31.01.2023 10.88 9.98 LU1181257202 -
Class A8 Hedged CNH Monthly 87.99 -0.20 -0.23 31.01.2023 95.85 85.96 LU1165523371 -
Class A3 EUR Monthly 9.00 0.01 0.11 31.01.2023 9.94 8.98 LU1005243339 -
Class X2 Hedged CHF None 11.64 0.00 0.00 31.01.2023 12.32 11.26 LU1263143379 -
Class D2 Hedged SGD None 22.29 -0.01 -0.04 31.01.2023 23.17 21.38 LU0827879767 -
Class S5 USD Quarterly 9.85 0.00 0.00 31.01.2023 10.43 9.49 LU1992159068 -
Class D5 Hedged CHF Quarterly 8.45 0.00 0.00 31.01.2023 9.20 8.25 LU1681056062 -
Class A1 EUR Monthly 9.01 0.03 0.33 31.01.2023 9.94 8.97 LU1005244220 -
Class X2 USD None 12.38 -0.01 -0.08 31.01.2023 12.74 11.84 LU0278469985 -
Class A4 Hedged EUR Annual 8.59 0.00 0.00 31.01.2023 9.28 8.31 LU0973708182 -
Class S2 Hedged CHF - 9.87 0.00 0.00 31.01.2023 10.50 9.56 LU1992159902 -
Class A6 Hedged HKD Monthly 83.06 -0.22 -0.26 31.01.2023 89.66 80.53 LU1051769021 -
Class A2 EUR None 13.74 0.05 0.37 31.01.2023 15.03 13.50 LU1005243255 -
Class D4 Hedged GBP Annual 4.47 0.00 0.00 31.01.2023 4.76 4.30 LU1294567364 -
Class I2 Hedged GBP None 11.56 -0.01 -0.09 31.01.2023 12.06 11.11 LU0999670564 -
Class I5 GBP Hedged GBP Quarterly 9.42 0.00 0.00 31.01.2023 10.06 9.12 LU1877503935 -
Class X3 USD Monthly 9.77 -0.04 -0.41 31.01.2023 10.36 9.46 LU1003077234 -
Class D2 Hedged CHF None 10.36 -0.01 -0.10 31.01.2023 11.04 10.04 LU0972027022 -
Class D2 EUR None 14.45 0.05 0.35 31.01.2023 15.77 14.12 LU1005243503 -
Class A4 USD Annual 9.71 0.00 0.00 31.01.2023 10.25 9.31 LU1153584997 -
Class X5 Hedged EUR Quarterly 8.59 -0.01 -0.12 31.01.2023 9.32 8.36 LU1685502194 -
Class A2 Hedged SEK None 98.66 -0.02 -0.02 31.01.2023 104.66 95.34 LU1121320748 -
Class I5 Hedged EUR Quarterly 8.31 0.00 0.00 31.01.2023 9.02 8.08 LU1129992308 -
Class X5 Hedged GBP Quarterly 8.91 0.00 0.00 31.01.2023 9.52 8.62 LU1165522217 -
Class A2 Hedged CHF None 9.49 -0.01 -0.11 31.01.2023 10.16 9.21 LU1121327164 -
Class X2 Hedged AUD None 12.59 0.00 0.00 31.01.2023 13.08 12.08 LU1093512371 -
Class X3 Hedged AUD Monthly 9.93 -0.04 -0.40 31.01.2023 10.64 9.65 LU1003077820 -
Class X2 Hedged CAD None 11.79 0.00 0.00 31.01.2023 12.16 11.28 LU1214678283 -
Class A8 Hedged AUD Monthly 8.41 -0.01 -0.12 31.01.2023 9.07 8.16 LU1165522480 -
Class X2 Hedged EUR None 11.46 0.00 0.00 31.01.2023 12.07 11.04 LU0278456909 -
Class S4 Hedged EUR Annual 9.26 0.00 0.00 31.01.2023 10.02 8.94 LU1992161049 -
Class I5 USD Quarterly 9.57 -0.01 -0.10 31.01.2023 10.13 9.23 LU1083819141 -
Class I2 Hedged CAD None 11.55 0.00 0.00 31.01.2023 11.97 11.06 LU1136394076 -
Class S2 USD - 10.69 0.00 0.00 31.01.2023 11.05 10.23 LU1992160157 -

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

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

  

Aidan Doyle, CFA
Managing Director, Portfolio Manager

  

Bob Miller
Managing Director, Head of Americas Fundamental Fixed Income

  

Literature

Literature

 
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