Fixed Income

BlackRock Fixed Income Global Opportunities Fund

IMPORTANT:
• The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. An increase in interest rates may adversely affect the value of the bonds held by the Fund. The Fund may invest in non-investment grade and unrated bonds that may be subject to higher default, volatility and liquidity risks. The Fund invests in asset/ mortgage backed securities that may be subject to greater credit, liquidity, and interest rate risks and are often exposed to extension and prepayment risks.
• The fund is subject to currency risk, delayed delivery transactions risk, emerging market risk, foreign investments restrictions risk, sovereign debt risk, securities lending counterparty risk, currency conversion risk including Renminbi denominated Classes, liquidity risk and contingent convertible bonds risk.
• Class 6 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. Class 8 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion and include interest rate differentials arising from share class currency hedging. Negative interest rate differentials may decrease the dividends paid. Paying dividends gross of expenses may result in more income being available for distribution; however these shares may effectively pay dividends from capital – may amount to a partial return or withdrawal of an investor’s original investment or capital gains. All declared dividends result in an immediate reduction in the NAV price of the share class on the ex-dividend date.
• The Fund may use derivatives for hedging and extensively for investment purposes. Risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The Fund’s volatility may increase or decrease from its derivative usage, and may suffer losses.
• The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
• Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors

Overview

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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

Performance

Performance

Chart

Performance chart data not available for display.
View Charts & Calendar Year Performance
  1y 3y 5y 10y Incept.
3.38 2.16 2.51 2.86 2.56
  YTD 6m 1y 3y 5y 10y Incept.
2.26 9.37 3.38 6.63 13.19 32.62 41.25
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

Key Facts

Key Facts

Size of Fund (Millions) as of 23-Oct-2020 USD 9,940.283 M
Base Currency USD
Fund Inception 31-Jan-2007
Share Class Currency SGD
Share Class Inception Date 01-Feb-2007
Additional Currencies AUD, CAD, CHF, EUR, GBP, HKD, JPY, PLN, RMB, SEK, USD
Asset Class Fixed Income
Morningstar Category Other Bond
Distribution Frequency Non-Distributing
ISIN LU0278465488
Bloomberg Ticker MLIHSA2
Management Fee (incl Distribution Fee, if any) 1.00%
Initial Charge 5.00%
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 30-Sep-2020 2.86
Modified Duration as of 30-Sep-2020 4.47 yrs
12M Trailing Distribution as of - -
Effective Duration as of 30-Sep-2020 3.39
3y Volatility as of 30-Sep-2020 5.37
5yr Volatility as of 30-Sep-2020 4.25
Since Class Inception – Volatility as of 30-Sep-2020 4.60
Since Class Inception - Beta as of - -

Ratings

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Effective 12-Mar-2019
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Sep-2020
Name Weight (%)
TREASURY (CPI) NOTE 0.5 04/15/2024 3.14
FNMA 30YR 2018 PRODUCTION 3.02
WI TREASURY (CPI) NOTE 0.125 04/15/2025 2.08
TREASURY NOTE 1.5 08/31/2021 1.47
FNMA 30YR 2019 PRODUCTION 1.18
Name Weight (%)
FHLMC 30YR UMBS MIRROR 1.03
TREASURY NOTE 1.5 09/30/2021 0.98
CANADA (GOVERNMENT OF) 0.5 09/01/2025 0.77
ITALY (REPUBLIC OF) 2.45 09/01/2050 0.76
FNMA 30YR 4.5% LTV > 90 2018 0.73
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-2020

% of Weight

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

% of Weight

Type Fund
as of 30-Sep-2020

% of Weight

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the geography where the issuer of the securities carries out much of their business. “Others” excluded from the chart above.
as of 30-Sep-2020

% of Weight

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. Due to rounding, the total may not be equal to 100%
as of 30-Sep-2020

% of Weight

Type Fund
as of 30-Sep-2020

% of Weight

Type Fund
as of 30-Sep-2020

% of Weight

Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch. This breakdown is provided by BlackRock and takes the middle rating of the agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Ratings and portfolio credit quality may change over time.
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.
Due to rounding, the total may not be equal to 100%

Pricing

Pricing

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 Hedged SGD Non-Distributing 21.76 -0.01 -0.05 23-Oct-2020 21.84 19.39 LU0278465488
D5 USD Quarterly 10.89 0.00 0.00 23-Oct-2020 10.96 9.74 LU0737136415
A2 Hedged EUR Non-Distributing 10.16 0.00 0.00 23-Oct-2020 10.20 9.11 LU0278453476
A5 HEDGED EUR Quarterly 6.87 -0.01 -0.15 23-Oct-2020 6.95 6.20 LU0280467159
D5 Hedged CHF Quarterly 9.34 0.00 0.00 23-Oct-2020 9.45 8.44 LU1681056062
D4 Hedged CAD Annually 9.98 0.00 0.00 23-Oct-2020 10.21 9.08 LU1270847186
A2 USD Non-Distributing 15.25 -0.01 -0.07 23-Oct-2020 15.31 13.55 LU0278466700
D5 Hedged EUR Quarterly 6.89 0.00 0.00 23-Oct-2020 6.96 6.21 LU0827879841
C2 USD Non-Distributing 12.86 -0.01 -0.08 23-Oct-2020 12.91 11.51 LU0278467773
D4 EUR Annually 11.71 -0.01 -0.09 23-Oct-2020 12.90 11.57 LU1085283973
A2 Hedged JPY Non-Distributing 1,070.00 0.00 0.00 23-Oct-2020 1,074.00 957.00 LU1005243099
C5 USD Quarterly 10.32 -0.01 -0.10 23-Oct-2020 10.37 9.25 LU0280466938
D2 Hedged PLN Non-Distributing 17.06 0.00 0.00 23-Oct-2020 17.12 15.18 LU0827879684
D2 Hedged GBP Non-Distributing 11.69 0.00 0.00 23-Oct-2020 11.73 10.41 LU0278463947
A5 USD Quarterly 10.36 0.00 0.00 23-Oct-2020 10.42 9.27 LU0280465617
D2 Hedged EUR Non-Distributing 10.83 0.00 0.00 23-Oct-2020 10.87 9.68 LU0278456651
A6 USD Monthly 12.20 0.00 0.00 23-Oct-2020 12.33 11.09 LU1051767835
A2 Hedged PLN Non-Distributing 16.39 0.00 0.00 23-Oct-2020 16.45 14.63 LU0480534915
A5 HEDGED SGD Quarterly 14.76 0.00 0.00 23-Oct-2020 14.85 13.24 LU0280468637
D4 Hedged EUR Annually 9.38 0.00 0.00 23-Oct-2020 9.62 8.58 LU1340096590
D2 USD Non-Distributing 15.86 0.00 0.00 23-Oct-2020 15.91 14.05 LU0278469043
A8 Hedged RMB Monthly 97.10 -0.01 -0.01 23-Oct-2020 97.44 87.61 LU1165523371
D2 Hedged SGD Non-Distributing 22.65 0.00 0.00 23-Oct-2020 22.72 20.12 LU0827879767
C1 EUR Monthly (Daily Calculation) 8.76 -0.01 -0.11 23-Oct-2020 9.56 8.59 LU1005244493
C1 USD Monthly (Daily Calculation) 10.37 0.00 0.00 23-Oct-2020 10.41 9.29 LU1003077077
A1 EUR Monthly (Daily Calculation) 8.76 -0.01 -0.11 23-Oct-2020 9.56 8.59 LU1005244220
A3 EUR Monthly 8.76 -0.01 -0.11 23-Oct-2020 9.56 8.59 LU1005243339
A1 USD Monthly (Daily Calculation) 10.37 0.00 0.00 23-Oct-2020 10.41 9.29 LU1003076855
D4 Hedged GBP Annually 4.76 0.00 0.00 23-Oct-2020 4.88 4.34 LU1294567364
A3 USD Monthly 10.37 0.00 0.00 23-Oct-2020 10.40 9.29 LU1003076939
A6 Hedged HKD Monthly 92.00 -0.01 -0.01 23-Oct-2020 93.00 83.53 LU1051769021
A2 EUR Non-Distributing 12.89 -0.01 -0.08 23-Oct-2020 13.93 12.53 LU1005243255
C2 EUR Non-Distributing 10.87 -0.01 -0.09 23-Oct-2020 11.85 10.64 LU1005243412
A4 HEDGED EUR Annually 9.38 0.00 0.00 23-Oct-2020 9.58 8.56 LU0973708182
D2 EUR Non-Distributing 13.40 -0.02 -0.15 23-Oct-2020 14.43 12.99 LU1005243503
A2 Hedged SEK Non-Distributing 103.83 -0.02 -0.02 23-Oct-2020 104.21 92.76 LU1121320748
D2 Hedged CHF Non-Distributing 10.94 0.00 0.00 23-Oct-2020 10.98 9.79 LU0972027022
A2 Hedged GBP Non-Distributing 10.74 0.00 0.00 23-Oct-2020 10.78 9.60 LU1181257202
A4 USD Annually 10.23 0.00 0.00 23-Oct-2020 10.42 9.25 LU1153584997
A2 Hedged CHF Non-Distributing 10.14 0.00 0.00 23-Oct-2020 10.18 9.10 LU1121327164
A8 Hedged AUD Monthly 9.28 0.00 0.00 23-Oct-2020 9.40 8.42 LU1165522480

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Bob Miller
Bob Miller
Aidan Doyle (FI)
Aidan Doyle (FI)

Documents

Documents