Fixed Income

BGF Fixed Income Global Opportunities Fund

Overview

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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Key Facts

Key Facts

Net Assets of Fund
as of 24-Jul-2024
USD 6,434,237,765
Fund Launch Date
31-Jan-2007
Fund Base Currency
USD
SFDR Classification
Other
Ongoing Charges Figures
1.20%
Annual Management Fee
1.00%
Minimum Initial Investment
USD 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Flexible Bond - USD Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
B1PF5Q7
Share Class launch date
31-Jan-2007
Share Class Currency
USD
Asset Class
Fixed Income
Initial Charge
5.00%
ISIN
LU0278466700
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MLFIUA2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Jun-2024
3402
Yield to Maturity
as of 28-Jun-2024
5.79
Weighted Average YTM
as of 28-Jun-2024
5.72
Weighted Avg Maturity
as of 28-Jun-2024
7.35
Standard Deviation (3y)
as of 30-Jun-2024
4.17%
Modified Duration
as of 28-Jun-2024
4.51
Effective Duration
as of 28-Jun-2024
3.73
WAL to Worst
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.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class A2, as of 30-Jun-2024 rated against 703 Global Flexible Bond - USD Hedged Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 13-Feb-2024)

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
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Jun-2024

% of Market Value

Type Fund
¹Allocations are subject to change. Source: BlackRock
as of 28-Jun-2024

% of Market Value

Type Fund
as of 28-Jun-2024

% of Market Value

Type Fund
Allocations subject to change.
as of 28-Jun-2024

% of Market Value

Type Fund
as of 28-Jun-2024

% of Market Value

Type Fund
as of 28-Jun-2024

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A2 USD 15.95 0.01 0.06 24-Jul-2024 15.97 14.66 LU0278466700

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

  

Literature

Literature