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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Distributions

Ex-Date Distribution
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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 5.60 7.23 0.06 7.24 7.34 2.43 -6.44 3.68

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

  1y 3y 5y 10y Incept.
3.84 -0.76 1.76 - 2.93
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.02 0.85 0.16 -0.02 3.84 -2.26 9.13 - 30.97
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 CNH, 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 22-Jul-2024
USD 6,419,485,873
Fund Inception
31-Jan-2007
Fund Base Currency
USD
Benchmark
-
Initial Charge
5.00%
Management Fee (incl Distribution Fee, if any)
1.00%
Minimum Initial Investment
RMB 5000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Other Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
BVXLRK5
Share Class Inception Date
25-Feb-2015
Share Class Currency
CNH
Asset Class
Fixed Income
SFDR Classification
Other
ISIN
LU1165523371
Performance Fee
0.00%
Minimum Subsequent Investment
RMB 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BFIGACH
SFC-authorised ESG fund
No
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Jun-2024
3402
Standard Deviation (3y)
as of 30-Jun-2024
3.94%
Modified Duration
as of 28-Jun-2024
4.51 yrs
Effective Duration
as of 28-Jun-2024
3.73
WAL to Worst
as of 28-Jun-2024
7.35
12M Trailing Distribution
as of 30-Jun-2024
1.50%
Yield to Maturity
as of 28-Jun-2024
5.79
Yield to Worst
as of 28-Jun-2024
5.72
Weighted Avg Maturity
as of 28-Jun-2024
7.35

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, 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 Medalist Rating

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

Holdings

Holdings

as of 28-Jun-2024
Name Weight (%)
UMBS 30YR TBA(REG A) 18.94
FNMA 30YR UMBS SUPER 1.11
SPAIN (KINGDOM OF) 3.25 04/30/2034 1.05
TREASURY BOND 3.25 05/15/2042 0.64
INDIA (REPUBLIC OF) 7.37 10/23/2028 0.47
Name Weight (%)
SPAIN (KINGDOM OF) 2.55 10/31/2032 0.46
IRELAND (GOVERNMENT) 2.6 10/18/2034 0.45
TREASURY NOTE 5 09/30/2025 0.45
TREASURY NOTE 4.5 11/15/2025 0.44
TREASURY NOTE 3.25 06/30/2029 0.43
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 28-Jun-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 28-Jun-2024

% of Weight

Type Fund
Allocations are subject to change. Source: BlackRock
as of 28-Jun-2024

% of Weight

Type Fund
Allocations subject to change. Due to rounding, the total may not be equal to 100%.
as of 28-Jun-2024

% of Weight

Type Fund
as of 28-Jun-2024

% of Weight

Type Fund
as of 28-Jun-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
A8 Hedged CNH 88.19 -0.01 -0.01 22-Jul-2024 88.52 83.67 LU1165523371
A2 Hedged SGD 22.08 0.00 0.00 22-Jul-2024 22.13 20.59 LU0278465488
D5 USD 10.51 0.01 0.10 22-Jul-2024 10.53 9.87 LU0737136415
D4 Hedged CAD 9.72 0.00 0.00 22-Jul-2024 9.74 8.96 LU1270847186
A5 HEDGED SGD 13.83 0.00 0.00 22-Jul-2024 13.92 13.18 LU0280468637
D5 Hedged EUR 6.23 0.00 0.00 22-Jul-2024 6.26 5.93 LU0827879841
D5 Hedged CHF 8.12 0.01 0.12 22-Jul-2024 8.27 7.87 LU1681056062
D2 Hedged PLN 19.04 0.00 0.00 22-Jul-2024 19.08 17.45 LU0827879684
D2 Hedged EUR 10.80 0.00 0.00 22-Jul-2024 10.83 10.03 LU0278456651
A2 Hedged EUR 9.94 0.00 0.00 22-Jul-2024 9.96 9.27 LU0278453476
A2 USD 15.93 0.00 0.00 22-Jul-2024 15.97 14.66 LU0278466700
A2 Hedged PLN 17.95 0.00 0.00 22-Jul-2024 17.99 16.52 LU0480534915
D4 Hedged EUR 8.69 0.00 0.00 22-Jul-2024 8.71 8.07 LU1340096590
D2 USD 16.88 0.01 0.06 22-Jul-2024 16.91 15.47 LU0278469043
A2 Hedged JPY 992.00 0.00 0.00 22-Jul-2024 1,004.00 954.00 LU1005243099
A5 USD 10.00 0.00 0.00 22-Jul-2024 10.02 9.40 LU0280465617
A3G USD 10.30 0.00 0.00 22-Jul-2024 10.34 9.77 LU2621334601
C2 USD 12.82 0.00 0.00 22-Jul-2024 12.85 11.91 LU0278467773
C5 USD 9.96 0.00 0.00 22-Jul-2024 9.98 9.37 LU0280466938
A5 HEDGED EUR 6.21 0.00 0.00 22-Jul-2024 6.25 5.92 LU0280467159
D4 EUR 12.60 0.00 0.00 22-Jul-2024 12.73 11.78 LU1085283973
D4 Hedged GBP 4.61 0.00 0.00 22-Jul-2024 4.62 4.24 LU1294567364
A3 USD 10.00 0.00 0.00 22-Jul-2024 10.02 9.40 LU1003076939
D2 Hedged GBP 12.16 0.00 0.00 22-Jul-2024 12.19 11.19 LU0278463947
C1 USD 9.98 -0.01 -0.10 22-Jul-2024 10.01 9.39 LU1003077077
A6 USD 11.24 0.00 0.00 22-Jul-2024 11.29 10.67 LU1051767835
A2 EUR 14.64 0.00 0.00 22-Jul-2024 14.80 13.50 LU1005243255
C2 EUR 11.78 0.00 0.00 22-Jul-2024 11.92 11.00 LU1005243412
D2 Hedged SGD 23.40 0.00 0.00 22-Jul-2024 23.45 21.75 LU0827879767
A3 EUR 9.19 0.00 0.00 22-Jul-2024 9.31 8.71 LU1005243339
A2 Hedged GBP 10.97 0.00 0.00 22-Jul-2024 11.00 10.13 LU1181257202
A1 EUR 9.18 0.00 0.00 22-Jul-2024 9.31 8.70 LU1005244220
A6 Hedged HKD 82.32 0.01 0.01 22-Jul-2024 83.28 78.80 LU1051769021
D2 EUR 15.51 0.00 0.00 22-Jul-2024 15.67 14.22 LU1005243503
C1 EUR 9.18 0.00 0.00 22-Jul-2024 9.31 8.70 LU1005244493
A10 USD 10.15 0.00 0.00 22-Jul-2024 10.35 9.97 LU2708802827
A1 USD 9.98 -0.01 -0.10 22-Jul-2024 10.01 9.40 LU1003076855
A2 Hedged CHF 9.54 0.00 0.00 22-Jul-2024 9.57 9.06 LU1121327164
D2 Hedged CHF 10.49 0.00 0.00 22-Jul-2024 10.51 9.92 LU0972027022
A4 HEDGED EUR 8.66 0.00 0.00 22-Jul-2024 8.68 8.07 LU0973708182
A2 Hedged SEK 102.28 0.01 0.01 22-Jul-2024 102.51 95.52 LU1121320748
A8 Hedged AUD 8.48 0.00 0.00 22-Jul-2024 8.50 8.04 LU1165522480
A4 USD 10.08 0.00 0.00 22-Jul-2024 10.11 9.28 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