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

Loading

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

Distributions

Ex-Date Distribution
View full table
  1y 3y 5y 10y Incept.
-4.72 1.60 1.34 - 1.35
  YTD 6m 1y 3y 5y 10y Incept.
-4.17 -3.82 -4.72 4.89 6.87 - 11.48
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 30-Jun-2022 USD 9,138.290 M
Base Currency U.S. Dollar
Fund Inception 31-Jan-2007
Share Class Currency Hong Kong Dollar
Share Class Inception Date 16-Apr-2014
Additional Currencies Australian Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, Polish Zloty, RMB, Singapore Dollar, Swedish Krona, Swiss Franc, U.S. Dollar
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - USD Hedged
Distribution Frequency Monthly
ISIN LU1051769021
Bloomberg Ticker BGFA6HH
Management Fee (incl Distribution Fee, if any) 1.00%
Initial Charge 5.00%
SFDR Classification Other
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 31-May-2022 3.00
Modified Duration as of 31-May-2022 1.87 yrs
12M Trailing Distribution as of 31-May-2022 3.12%
Effective Duration as of 31-May-2022 1.35
3y Volatility as of 31-May-2022 5.57
5yr Volatility as of 31-May-2022 4.42

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.

Ratings

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Effective 15-Mar-2022
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 31-May-2022
Name Weight (%)
TREASURY NOTE 1.25 11/30/2026 10.27
FNMA 30YR 2019 PRODUCTION 2.66
TREASURY BOND 2.875 05/15/2052 2.41
FHLMC 30YR UMBS 1.94
FNMA 30YR 2018 PRODUCTION 1.72
Name Weight (%)
TREASURY (CPI) NOTE 0.125 04/15/2027 1.72
TREASURY (CPI) NOTE 0.5 04/15/2024 1.17
TREASURY (CPI) NOTE 0.125 04/15/2026 0.89
FHLMC 30YR UMBS SUPER 0.84
FNMA 30YR 3% MLB 110K 2021 0.46
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 31-May-2022

% of Weight

Type Fund
Allocations subject to change. Due to rounding, the total may not be equal to 100%.
as of 31-May-2022

% of Weight

Type Fund
as of 31-May-2022

% 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 31-May-2022

% 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 31-May-2022

% of Weight

Type Fund
as of 31-May-2022

% of Weight

Type Fund
as of 31-May-2022

% 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
A6 Hedged Hong Kong Dollar Monthly 83.78 -0.32 -0.38 30-Jun-2022 92.90 83.78 LU1051769021
A5 U.S. Dollar Quarterly 9.76 -0.01 -0.10 30-Jun-2022 10.62 9.76 LU0280465617
D2 Hedged Euro Non-Distributing 10.34 -0.02 -0.19 30-Jun-2022 11.18 10.34 LU0278456651
C5 U.S. Dollar Quarterly 9.72 -0.01 -0.10 30-Jun-2022 10.56 9.72 LU0280466938
A5 HEDGED Euro Quarterly 6.35 -0.01 -0.16 30-Jun-2022 6.99 6.35 LU0280467159
A2 Hedged Euro Non-Distributing 9.62 -0.01 -0.10 30-Jun-2022 10.44 9.62 LU0278453476
C2 U.S. Dollar Non-Distributing 12.14 -0.02 -0.16 30-Jun-2022 13.19 12.14 LU0278467773
A5 HEDGED Singapore Dollar Quarterly 13.88 -0.02 -0.14 30-Jun-2022 15.12 13.88 LU0280468637
D4 Hedged Euro Annually 8.77 -0.02 -0.23 30-Jun-2022 9.67 8.77 LU1340096590
D2 Hedged Polish Zloty Non-Distributing 16.79 -0.02 -0.12 30-Jun-2022 17.70 16.79 LU0827879684
D5 Hedged Euro Quarterly 6.36 -0.01 -0.16 30-Jun-2022 7.01 6.36 LU0827879841
D5 Hedged Swiss Franc Quarterly 8.61 -0.01 -0.12 30-Jun-2022 9.48 8.61 LU1681056062
A2 Hedged Singapore Dollar Non-Distributing 20.96 -0.03 -0.14 30-Jun-2022 22.54 20.96 LU0278465488
A1 Euro Monthly 9.38 0.04 0.43 30-Jun-2022 9.60 8.90 LU1005244220
A8 Hedged RMB Monthly 89.70 -0.46 -0.51 30-Jun-2022 98.82 89.70 LU1165523371
A2 Hedged British Pound Non-Distributing 10.30 -0.02 -0.19 30-Jun-2022 11.10 10.30 LU1181257202
C1 U.S. Dollar Monthly 9.76 -0.02 -0.20 30-Jun-2022 10.61 9.76 LU1003077077
A3 U.S. Dollar Monthly 9.76 -0.03 -0.31 30-Jun-2022 10.60 9.76 LU1003076939
A3 Euro Monthly 9.37 0.03 0.32 30-Jun-2022 9.60 8.89 LU1005243339
A1 U.S. Dollar Monthly 9.77 -0.02 -0.20 30-Jun-2022 10.61 9.77 LU1003076855
A2 U.S. Dollar Non-Distributing 14.70 -0.02 -0.14 30-Jun-2022 15.80 14.70 LU0278466700
C2 Euro Non-Distributing 11.66 0.06 0.52 30-Jun-2022 11.93 11.07 LU1005243412
A2 Euro Non-Distributing 14.12 0.07 0.50 30-Jun-2022 14.42 13.25 LU1005243255
D2 Euro Non-Distributing 14.80 0.07 0.48 30-Jun-2022 15.11 13.83 LU1005243503
A4 HEDGED Euro Annually 8.74 -0.02 -0.23 30-Jun-2022 9.64 8.74 LU0973708182
D2 Hedged Swiss Franc Non-Distributing 10.41 -0.02 -0.19 30-Jun-2022 11.27 10.41 LU0972027022
A2 Hedged Swiss Franc Non-Distributing 9.57 -0.01 -0.10 30-Jun-2022 10.40 9.57 LU1121327164
D4 Hedged British Pound Annually 4.52 0.00 0.00 30-Jun-2022 4.94 4.52 LU1294567364
A2 Hedged Swedish Krona Non-Distributing 98.73 -0.15 -0.15 30-Jun-2022 106.92 98.73 LU1121320748
A4 U.S. Dollar Annually 9.71 -0.01 -0.10 30-Jun-2022 10.59 9.71 LU1153584997
A8 Hedged Australian Dollar Monthly 8.48 -0.03 -0.35 30-Jun-2022 9.39 8.48 LU1165522480
C1 Euro Monthly 9.37 0.04 0.43 30-Jun-2022 9.59 8.90 LU1005244493
D2 Hedged Singapore Dollar Non-Distributing 22.00 -0.03 -0.14 30-Jun-2022 23.56 22.00 LU0827879767
D2 Hedged British Pound Non-Distributing 11.30 -0.02 -0.18 30-Jun-2022 12.13 11.30 LU0278463947
A6 U.S. Dollar Monthly 11.16 -0.04 -0.36 30-Jun-2022 12.33 11.16 LU1051767835
D2 U.S. Dollar Non-Distributing 15.41 -0.03 -0.19 30-Jun-2022 16.50 15.41 LU0278469043
D4 Hedged Canadian Dollar Annually 9.48 -0.01 -0.11 30-Jun-2022 10.35 9.48 LU1270847186
A2 Hedged Japanese Yen Non-Distributing 1,021.00 -1.00 -0.10 30-Jun-2022 1,104.00 1,021.00 LU1005243099
D4 Euro Annually 12.67 0.06 0.48 30-Jun-2022 12.94 11.88 LU1085283973
A2 Hedged Polish Zloty Non-Distributing 15.99 -0.02 -0.12 30-Jun-2022 16.93 15.99 LU0480534915
D5 U.S. Dollar Quarterly 10.25 -0.01 -0.10 30-Jun-2022 11.16 10.25 LU0737136415

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Aidan Doyle
Aidan Doyle
Bob Miller
Bob Miller

Documents

Documents