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 13-Dec-2024
USD 6,736,381,700
Fund Launch Date
31-Jan-2007
Fund Base Currency
USD
SFDR Classification
Other
Ongoing Charges Figures
1.22%
ISIN
LU0278466700
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%
Management Fee
1.00%
Performance Fee
0.00%
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 29-Nov-2024
3569
Yield to Maturity
as of 29-Nov-2024
5.49
Weighted Average YTM
as of 29-Nov-2024
5.37
Weighted Avg Maturity
as of 29-Nov-2024
6.27
Standard Deviation (3y)
as of 30-Nov-2024
4.47%
Modified Duration
as of 29-Nov-2024
3.87
Effective Duration
as of 29-Nov-2024
3.26
WAL to Worst
as of 29-Nov-2024
6.27

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.

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-Nov-2024 rated against 760 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)
Analyst-Driven % as of 13-Feb-2024
100.00
Data Coverage % as of 13-Feb-2024
100.00

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
UMBS 30YR TBA(REG A) 17.82
FNMA 30YR UMBS 1.05
IRELAND (GOVERNMENT) 2.6 10/18/2034 0.56
INDIA (REPUBLIC OF) 7.37 10/23/2028 0.44
TREASURY NOTE 5 09/30/2025 0.42
Name Weight (%)
TREASURY NOTE 4.5 11/15/2025 0.42
TREASURY NOTE 3.25 06/30/2029 0.40
INDIA (REPUBLIC OF) 7.18 08/14/2033 0.37
TREASURY BOND 2.875 05/15/2052 0.33
JAPAN (GOVERNMENT OF) 20YR #186 1.5 09/20/2043 0.33
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Nov-2024

% of Market Value

Type Fund
¹Allocations are subject to change. Source: BlackRock
as of 29-Nov-2024

% of Market Value

Type Fund
as of 29-Nov-2024

% of Market Value

Type Fund
Allocations subject to change.
as of 29-Nov-2024

% of Market Value

Type Fund
as of 29-Nov-2024

% of Market Value

Type Fund
as of 29-Nov-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 16.36 -0.04 -0.24 13-Dec-2024 16.46 15.30 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