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 3(G) Shares pay dividends gross of expenses. Class 6 Shares and Class 10 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

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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 6.21 0.69 3.62 4.49 -1.64 6.61 5.48 0.34 -2.50 8.40

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
10.36 3.32 3.36 3.02 3.57
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.31 -1.47 1.15 4.98 10.36 10.30 17.95 34.68 52.60
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.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in PLN, 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 07-Nov-2024
USD 6,778,135,942
Fund Inception
31-Jan-2007
Fund Base Currency
USD
Benchmark
-
Initial Charge
5.00%
ISIN
LU0827879684
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BFID2PH
SFC-authorised ESG fund
No
Share Class Inception Date
18-Oct-2012
Share Class Currency
PLN
Asset Class
Fixed Income
SFDR Classification
Other
Management Fee
0.50%
Management Fee (incl Distribution Fee, if any)
0.50%
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B3ZZ817
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-Oct-2024
3513
Yield to Maturity
as of 31-Oct-2024
5.52
Yield to Worst
as of 31-Oct-2024
5.38
Weighted Avg Maturity
as of 31-Oct-2024
6.36
Standard Deviation (3y)
as of 31-Oct-2024
4.30%
Modified Duration
as of 31-Oct-2024
4.44 yrs
Effective Duration
as of 31-Oct-2024
3.79
WAL to Worst
as of 31-Oct-2024
6.36

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - Silver
Effective 12-Mar-2019
Analyst-Driven % as of -
-
Data Coverage % as of -
-
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Sept-2024
Name Weight (%)
UMBS 30YR TBA(REG A) 18.06
FNMA 30YR UMBS SUPER 1.08
FNMA 30YR UMBS 1.02
SPAIN (KINGDOM OF) 3.5 05/31/2029 0.72
TREASURY BOND 3.25 05/15/2042 0.65
Name Weight (%)
IRELAND (GOVERNMENT) 2.6 10/18/2034 0.60
SPAIN (KINGDOM OF) 2.55 10/31/2032 0.47
INDIA (REPUBLIC OF) 7.37 10/23/2028 0.46
TREASURY NOTE 4.5 11/15/2025 0.43
TREASURY NOTE 5 09/30/2025 0.42
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-Sept-2024

% 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-Sept-2024

% of Weight

Type Fund
Allocations are subject to change. Source: BlackRock
as of 30-Sept-2024

% of Weight

Type Fund
Allocations subject to change. Due to rounding, the total may not be equal to 100%.
as of 30-Sept-2024

% of Weight

Type Fund
as of 30-Sept-2024

% of Weight

Type Fund
as of 30-Sept-2024

% 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%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
D2 Hedged PLN 19.45 0.07 0.36 07-Nov-2024 19.70 17.70 LU0827879684
D5 Hedged EUR 6.26 0.02 0.32 07-Nov-2024 6.40 6.01 LU0827879841
D4 Hedged CAD 9.56 0.03 0.31 07-Nov-2024 9.92 9.09 LU1270847186
D5 Hedged CHF 8.09 0.03 0.37 07-Nov-2024 8.31 7.97 LU1681056062
A2 USD 16.23 0.05 0.31 07-Nov-2024 16.46 14.87 LU0278466700
C5 USD 10.06 0.03 0.30 07-Nov-2024 10.25 9.49 LU0280466938
D4 EUR 12.51 -0.07 -0.56 07-Nov-2024 12.81 11.78 LU1085283973
A5 USD 10.10 0.03 0.30 07-Nov-2024 10.30 9.53 LU0280465617
D4 Hedged EUR 8.52 0.03 0.35 07-Nov-2024 8.86 8.18 LU1340096590
A5 HEDGED EUR 6.24 0.02 0.32 07-Nov-2024 6.38 6.00 LU0280467159
A2 Hedged JPY 994.00 3.00 0.30 07-Nov-2024 1,013.00 964.00 LU1005243099
A5 HEDGED SGD 13.88 0.04 0.29 07-Nov-2024 14.20 13.36 LU0280468637
A2 Hedged EUR 10.07 0.03 0.30 07-Nov-2024 10.23 9.39 LU0278453476
D2 Hedged EUR 10.96 0.03 0.27 07-Nov-2024 11.13 10.17 LU0278456651
A2 Hedged SGD 22.36 0.07 0.31 07-Nov-2024 22.72 20.87 LU0278465488
A3G USD 10.32 0.03 0.29 07-Nov-2024 10.54 9.88 LU2621334601
A6 USD 11.30 0.03 0.27 07-Nov-2024 11.53 10.79 LU1051767835
D2 USD 17.22 0.05 0.29 07-Nov-2024 17.45 15.70 LU0278469043
C2 USD 13.02 0.04 0.31 07-Nov-2024 13.22 12.07 LU0278467773
A2 Hedged PLN 18.31 0.06 0.33 07-Nov-2024 18.55 16.75 LU0480534915
D5 USD 10.62 0.04 0.38 07-Nov-2024 10.84 10.02 LU0737136415
A3 USD 10.07 0.04 0.40 07-Nov-2024 10.26 9.52 LU1003076939
C1 EUR 9.32 -0.05 -0.53 07-Nov-2024 9.38 8.78 LU1005244493
D2 Hedged GBP 12.40 0.04 0.32 07-Nov-2024 12.57 11.35 LU0278463947
A2 Hedged GBP 11.17 0.04 0.36 07-Nov-2024 11.33 10.28 LU1181257202
A8 Hedged CNH 88.59 0.27 0.31 07-Nov-2024 90.25 84.69 LU1165523371
D2 EUR 15.93 -0.09 -0.56 07-Nov-2024 16.02 14.51 LU1005243503
C2 EUR 12.04 -0.07 -0.58 07-Nov-2024 12.11 11.15 LU1005243412
A2 EUR 15.02 -0.08 -0.53 07-Nov-2024 15.10 13.74 LU1005243255
D4 Hedged GBP 4.54 0.02 0.44 07-Nov-2024 4.70 4.30 LU1294567364
C1 USD 10.07 0.03 0.30 07-Nov-2024 10.25 9.52 LU1003077077
A1 USD 10.07 0.03 0.30 07-Nov-2024 10.25 9.52 LU1003076855
A1 EUR 9.32 -0.05 -0.53 07-Nov-2024 9.38 8.79 LU1005244220
D2 Hedged SGD 23.73 0.07 0.30 07-Nov-2024 24.10 22.04 LU0827879767
A10 USD 10.13 0.04 0.40 07-Nov-2024 10.36 9.97 LU2708802827
A4 HEDGED EUR 8.52 0.02 0.24 07-Nov-2024 8.82 8.18 LU0973708182
A6 Hedged HKD 82.42 0.26 0.32 07-Nov-2024 84.15 79.61 LU1051769021
A2 Hedged CHF 9.59 0.03 0.31 07-Nov-2024 9.77 9.16 LU1121327164
D2 Hedged CHF 10.56 0.03 0.28 07-Nov-2024 10.75 10.04 LU0972027022
A3 EUR 9.31 -0.05 -0.53 07-Nov-2024 9.39 8.79 LU1005243339
A2 Hedged SEK 103.56 0.32 0.31 07-Nov-2024 105.24 96.82 LU1121320748
A8 Hedged AUD 8.54 0.03 0.35 07-Nov-2024 8.69 8.13 LU1165522480
A4 USD 9.98 0.03 0.30 07-Nov-2024 10.29 9.41 LU1153584997
Unless otherwise specified, all information as of the month end.

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

  

Documents

Documents