Skip to content
Welcome to the BlackRock site for Qualified Clients and Sophisticated Investors.
Before you proceed, please take a moment to review and accept the following Terms and Conditions.
The information and material on this website, including any offering document, is intended to be used for information purposes only. None of the information constitutes an offer to the public of securities or fund units under any applicable legislation (including but not limited to the Israeli Securities Law, 1968 and the Israeli Joint Investment Trust Law, 1994), or an offer to sell, or a solicitation or an offer to purchase, any financial instruments, including but not limited to the investment products.
The Qualified Client/Sophisticated Investor section of this website and its content is restricted to “Qualified Clients”/Sophisticated Investors” (as defined below) only and is not intended for retail or private investors who are not Qualified Clients or “Sophisticated Investors”.
For the purposes of these terms, references to a "Qualified Client" mean a qualified client pursuant to the First Schedule to the Israeli Regulation of Investment Advice, Investment Marketing and Investment Portfolio Management Law, 1995 (“the Investment Advice Law”), while reference to “Sophisticated Investors” mean a qualified investor pursuant to the Israeli Securities Law, 1968 (the "Securities Law”).
By clicking below, you confirm to meet the definition of Qualified Client/Sophisticated Investor, to have the relevant knowledge and experience to receive the detailed information and documents about BlackRock and iShares products and to fall within one of the following categories:
Qualified Client:
- a joint investment trust fund or a Fund Manager
- a management company or a provident fund as defined in the Control of Provident Funds Law
- a licensed insurance company
- an underwriter qualified in accordance with Section 56 (c) of the Securities Law investing for its own account
- a licensed banking corporation and auxiliary body corporate, as defined by Israeli Banking (Licensing) Law 1981, other than a joint service company
- a licensee under the Investment Advice Law
- a member of the Tel Aviv Stock Exchange
- an entity which is wholly owned by an entity which falls within this list;
- an unlicensed corporation (other than an entity that incorporated in order to obtain services) whose equity capital exceeds NIS 50 million
- A corporation incorporated abroad, with characteristics of activity similar to those of a corporation named in this list
Sophisticated Investor:
- a mutual fund, trust fund or a company that manages a fund
- a licensed provident fund
- a venture capital fund
- a licensed management company that manages a provident fund
- a licensed insurance company
- an underwriter qualified in accordance with Section 56 (c) of the Securities Law investing for its own account
- a licensed banking corporation or auxiliary corporation as defined by Israeli Banking (Licensing) Law 1981 which intends to invest for its own account or for entities which fall within this list
- a portfolio management company licensed to offer investment advice, investment marketing and portfolio management services as defined by Investment Advice Law investing for its own account or for entities which fall within this list
- a licensed investment advising company or investment marketing company as defined in the Investment Advice Law investing for its own account
- a member of the Tel Aviv Stock Exchange investing for its own account or for entities which fall within this list
- an entity which is wholly owned by an entity which falls within this list;
In accessing the website as a Qualified Client or Sophisticated Investor you will be undertaking, warranting and representing to the BlackRock Group that you are a Qualified Client or Sophisticated Investor, as applicable. Please note that BlackRock will be acting in reliance upon your undertaking, warranty and representation.
As a matter of general policy, BlackRock will not conduct regulated investment activities with any person as a result of their receiving information from the website, unless agreed otherwise with a Qualified Client or Sophisticated Investor. Anyone who is not a Qualified Client or a Sophisticated Investor should not access the Website.
You confirm to be aware of the consequences of being classified as a Qualified Client or a Sophisticated Investor and the level of regulatory protection that may not be available to you.
By accessing this website, you consent to receive information on this website in English, unless you inform us otherwise.
Please note that the Privacy Policy includes important information on the use of cookies on our website, to which you agree by clicking above.
Legal Information
None of the material within this website is intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or financial product or to adopt any investment strategy. Any opinions expressed may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. Any investments named within this material may not necessarily be held in any accounts managed by BlackRock. Reliance upon information in this material is at the sole discretion of the reader. Past performance is no guarantee of future.
BlackRock Investment Management (UK) Limited is not licensed as, a portfolio manager, investment adviser or investment manager under the Investment Marketing and Investment Portfolio Management Law- 1995 (the "Advice Law") or any other applicable law, nor does it carry insurance as required thereunder. BlackRock Investment Management (UK) Limited is not, and will not be providing any investment advice, investment marketing or portfolio management services to the Investor.
Accessibility statement
BlackRock undertakes to make website and software packages accessible in accordance with Content Accessibility Guidelines (WCAG 2.0) in the near future and incorporate new functionalities specifically designed to enhance accessibility for individuals with disabilities. These enhancements are being implemented to ensure compliance with legal and regulatory requirements and to provide an inclusive online experience for all visitors. Thank you for your patience as we work to improve accessibility on BlackRock platform.
MKTGH0524E/S-3597545
BlackRock Investment Management (UK) Limited is not licensed as, a portfolio manager, investment adviser or investment manager under the Investment Marketing and Investment Portfolio Management Law- 1995 (the "Advice Law") or any other applicable law, nor does it carry insurance as required thereunder. BlackRock Investment Management (UK) Limited is not, and will not be providing any investment advice, investment marketing or portfolio management services to the Investor.
I/We confirm that each time I/We log onto to this website, that I/We are Qualified Investors as such term is defined under the Securities Law of 1968 and Qualified Clients under the Advice Law and understand that this website is designated solely for Qualified Investors that are also Qualified Clients, and will not be permitted to view or access the content thereof until I confirm my status as such. I am aware and consent to the implications of being designated as a Qualified Investor and a Qualified Client, including not being entitled to certain protection available under law. Should this status as a Qualified Investor and Qualified Client change, I/We will inform BlackRock Investment Management (UK) Limited which may have the impact of limiting or withdrawing access to the website.
Filter list by keyword
Show More
Show Less
to
of
Total
Sorry, no data available.
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.
Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. 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. This Share Class may pay dividends or take charges from capital. While this may allow more income to be distributed, it may reduce the value of your holdings and impact the potential for long term capital growth. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.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.
Performance
Performance
Chart
Performance chart data not available for display.
Distributions
| Ex-Date | Total Distribution |
|---|
-
Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.
During this period performance was achieved under circumstances that no longer apply
*On 16-Sept-2021, the Fund changed its name and/or investment objective and policy..
*Prior to 16-Sept-2021, the Fund used a different benchmark which is reflected in the benchmark data.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 5.5 | 0.5 | 1.0 | 1.6 | -0.9 | 6.5 | 5.1 | -1.8 | -13.3 | 3.3 |
| Constraint Benchmark 1 (%) | 6.1 | 1.6 | 1.6 | 2.5 | 1.0 | 6.7 | 4.0 | -1.2 | -11.8 | 5.0 |
Missing calendar year returns data
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 6.05 | -3.02 | -1.06 | 0.27 | 2.08 |
| Constraint Benchmark 1 (%) | 7.33 | -1.61 | -0.36 | 1.11 | - |
Missing average annual returns data
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 2.06 | 1.47 | -0.91 | 4.53 | 6.05 | -8.78 | -5.21 | 2.72 | 55.00 |
| Constraint Benchmark 1 (%) | 2.89 | 1.33 | -0.37 | 5.12 | 7.33 | -4.76 | -1.80 | 11.71 | - |
Missing cumulative returns data
| From 30-Sept-2019 To 30-Sept-2020 |
From 30-Sept-2020 To 30-Sept-2021 |
From 30-Sept-2021 To 30-Sept-2022 |
From 30-Sept-2022 To 30-Sept-2023 |
From 30-Sept-2023 To 30-Sept-2024 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of 30-Sept-2024 |
5.37 | -0.45 | -14.85 | -1.72 | 10.36 |
|
Constraint Benchmark 1 (%)
as of 30-Sept-2024 |
4.48 | -0.53 | -13.98 | -0.17 | 12.32 |
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 USD, 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 10-Dec-2024
USD 115,013,191
Fund Launch Date
02-Aug-1985
Fund Base Currency
USD
Constraint Benchmark 1
Bloomberg US MBS Index
Initial Charge
5.00%
Management Fee
0.75%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MLUSGMA
Share Class launch date
01-Sept-2003
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Article 9
Ongoing Charges Figures
1.01%
ISIN
LU0172418690
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
USD Government Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
7659739
Portfolio Characteristics
Portfolio Characteristics
Number of Holdings
as of 29-Nov-2024
168
Standard Deviation (3y)
as of 30-Nov-2024
8.21%
Yield to Maturity
as of 29-Nov-2024
5.06
Weighted Average YTM
as of 29-Nov-2024
5.06
Weighted Avg Maturity
as of 29-Nov-2024
7.83
12 Month Trailing Dividend Distribution Yield
as of 30-Nov-2024
3.17
3y Beta
as of 30-Nov-2024
0.938
Modified Duration
as of 29-Nov-2024
5.84
Effective Duration
as of 29-Nov-2024
5.52
WAL to Worst
as of 29-Nov-2024
7.83
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
Holdings
Holdings
as of 29-Nov-2024
| Name | Weight (%) |
|---|---|
| GNMA2 30YR | 43.85 |
| FNMA 30YR UMBS | 19.86 |
| FHLMC 30YR UMBS | 11.24 |
| GNMA2 30YR TBA(REG C) | 10.41 |
| FHLMC 30YR UMBS SUPER | 7.24 |
| Name | Weight (%) |
|---|---|
| GNMA2 30YR 2020 PRODUCTION | 2.57 |
| GNMA_21-191B BI | 1.08 |
| GNMA2 30YR 2023 PRODUCTION | 0.59 |
| FHMR_20-P003 A2 | 0.42 |
| FHLMC_4398 ZX | 0.29 |
Holdings subject to change
Exposure Breakdowns
Exposure Breakdowns
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 A3 | USD | 7.53 | -0.03 | -0.40 | 10-Dec-2024 | 7.79 | 7.20 | LU0172418690 |
| Class D2 | USD | 19.83 | -0.07 | -0.35 | 10-Dec-2024 | 20.33 | 18.51 | LU0424777026 |
| Class A1 | USD | 7.53 | -0.03 | -0.40 | 10-Dec-2024 | 7.78 | 7.19 | LU0035308682 |
| Class I3 | USD | 7.69 | -0.03 | -0.39 | 10-Dec-2024 | 7.96 | 7.36 | LU1456639035 |
| Class A2 | USD | 18.80 | -0.06 | -0.32 | 10-Dec-2024 | 19.28 | 17.59 | LU0096258446 |
| Class D3 | USD | 7.55 | -0.03 | -0.40 | 10-Dec-2024 | 7.81 | 7.22 | LU0592702145 |
| Class I2 Hedged | EUR | 10.92 | -0.04 | -0.36 | 10-Dec-2024 | 11.23 | 10.29 | LU2677621554 |
| Class I5 Hedged | GBP | 10.71 | -0.04 | -0.37 | 10-Dec-2024 | 11.07 | 10.20 | LU2677621471 |
| Class A2 Hedged | EUR | 10.32 | -0.04 | -0.39 | 10-Dec-2024 | 10.62 | 9.76 | LU2714841868 |
| Class I2 | USD | 9.93 | -0.04 | -0.40 | 10-Dec-2024 | 10.18 | 9.26 | LU2011139206 |
Portfolio Managers
Portfolio Managers
Matthew Kraeger
Siddharth Mehta
Literature
Literature
Important Information
Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Fund Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise
For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. Please refer to the fund’s prospectus for more information. The screening applied by the fund's index provider may include revenue thresholds set by the index provider. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document.
Certain information contained herein (the “Information”) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (“MSCI”)), or third party suppliers (each an “Information Provider”), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may make distributions from capital as well as income or pursue certain investment strategies in order to generate income. Whilst this might allow more income to be distributed, it may also have the effect of reducing capital and the potential for long-term capital growth. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held. The fund(s) may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.
Explore more
Products
-
-
BY ASSET CLASS
-
LITERATURE
© 2024 BlackRock, Inc. All rights reserved.