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 Risks

Non-investment grade fixed income securities are more sensitive to changes in interest rates and present greater ‘Credit Risk’ than higher rated fixed income securities. Asset backed securities and mortgage backed securities are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.
Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due. Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.

Key Facts

Key Facts

Net Assets of Fund
as of 15-May-2026
USD 9,340,159,789
Fund Launch Date
31-Jan-2007
Fund Base Currency
USD
Comparator Benchmark 1
BBG Global Aggregate Index (USD Hedged) (USD)
Initial Charge
5.00%
Management Fee
1.00%
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
Share Class launch date
31-Jan-2007
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
1.22%
ISIN
LU0278466700
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

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30-Apr-2026
5255
Yield to Maturity
as of 30-Apr-2026
5.55
Weighted Average YTM
as of 30-Apr-2026
5.49
Weighted Avg Maturity
as of 30-Apr-2026
5.39
Standard Deviation (3y)
as of 30-Apr-2026
3.60%
Modified Duration
as of 30-Apr-2026
3.71
Effective Duration
as of 30-Apr-2026
3.27
WAL to Worst
as of 30-Apr-2026
5.39

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-Apr-2026 rated against 723 Global Flexible Bond - USD Hedged Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 27-Apr-2026)
Analyst-Driven % as of 27-Apr-2026
100.00
Data Coverage % as of 27-Apr-2026
100.00

Holdings

Holdings

as of 30-Apr-2026
Name Weight (%)
UMBS 30YR TBA(REG A) 5.78
FNMA 30YR UMBS 4.07
UMBS 30YR TBA 4.00
GNMA2 30YR TBA(REG C) 1.60
SPAIN (KINGDOM OF) 3.3 04/30/2036 1.14
Name Weight (%)
ITALY (REPUBLIC OF) 3.45 02/01/2036 1.06
TREASURY NOTE 3.5 11/30/2030 0.97
UNITED KINGDOM OF GREAT BRITAIN AN 4.375 03/07/2030 0.77
IRELAND (GOVERNMENT) 2.6 10/18/2034 0.70
SPAIN (KINGDOM OF) 2.6 05/31/2031 0.58
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Apr-2026

% of Market Value

Type Fund
¹Allocations are subject to change. Source: BlackRock
as of 30-Apr-2026

% of Market Value

Type Fund
Allocations subject to change.
as of 30-Apr-2026

% of Market Value

Type Fund
as of 30-Apr-2026

% of Market Value

Type Fund
as of 30-Apr-2026

% 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 17.68 -0.02 -0.11 15-May-2026 17.83 16.63 LU0278466700

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Fixed Income business, and Head of the Global Allocation Investment Team.

Jose Aguilar
Managing Director

Jose Aguilar, Managing Director, is the Head of European High Yield Credit.

Russell Brownback
Managing Director, Head of Global Macro Positioning for Fixed-Income

  

Aidan Doyle, CFA
Managing Director, Portfolio Manager

  

Max Huefner
Managing Director

Max Huefner, Managing Director, is the Head of European Investment Grade Credit within BlackRock's Global Fixed Income group.

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.

Literature

Literature