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.

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Performance

Performance

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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Missing calendar year returns data
  1y 3y 5y 10y Incept.
-5.56 1.14 2.00 - 2.11
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-4.97 -0.62 -1.32 -2.68 -5.56 3.46 10.39 - 18.58
  From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of 30-Jun-2022

1.81 5.02 3.18 6.62 -5.99

Key Facts

Key Facts

Net Assets of Fund as of 26-Sep-2022 USD 8,492,045,478
Share Class launch date 02-Jul-2014
Fund Launch Date 31-Jan-2007
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.56%
Annual Management Fee 0.50%
Performance Fee 0.00%
Minimum Initial Investment USD 10,000,000.00
Minimum Subsequent Investment USD 1,000.00
Distribution Frequency Quarterly
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Flexible Bond - USD Hedged
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFII5U
ISIN LU1083819141
SEDOL BNQ4VJ2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-2022 3046
12m Trailing Yield as of 31-Aug-2022 1.96
Standard Deviation (3y) as of 31-Aug-2022 5.71%
Yield to Maturity as of 31-Aug-2022 4.66
Modified Duration as of 31-Aug-2022 2.76
Weighted Average YTM as of 31-Aug-2022 4.62
Effective Duration as of 31-Aug-2022 2.40
Weighted Avg Maturity as of 31-Aug-2022 5.60
WAL to Worst as of 31-Aug-2022 5.60

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion 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

4 stars
Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class I5, as of 31-Aug-2022 rated against 551 Global Flexible Bond - USD Hedged Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Gold
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective 15-Mar-2022)

Holdings

Holdings

as of 31-Aug-2022
Name Weight (%)
TREASURY NOTE 1.25 11/30/2026 10.75
TREASURY NOTE 2.875 05/15/2032 5.79
TREASURY BOND 2.875 05/15/2052 2.71
TREASURY (CPI) NOTE 0.5 04/15/2024 2.49
FHLMC 30YR UMBS 1.75
Name Weight (%)
FNMA 30YR 2019 PRODUCTION 1.72
FNMA 30YR 2018 PRODUCTION 1.68
TREASURY NOTE 2.625 05/31/2027 1.18
TREASURY (CPI) NOTE 0.125 04/15/2026 0.68
TREASURY NOTE 3.25 06/30/2027 0.65
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2022

% of Market Value

Type Fund
Negative weightings may result from specific circumstances (including timing differences between trade and settlement 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.
as of 31-Aug-2022

% of Market Value

Type Fund
as of 31-Aug-2022

% of Market Value

Type Fund
Allocations subject to change.
as of 31-Aug-2022

% of Market Value

Type Fund
as of 31-Aug-2022

% of Market Value

Type Fund
as of 31-Aug-2022

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class I5 USD Quarterly 9.36 -0.04 -0.43 26-Sep-2022 10.32 9.36 LU1083819141 -
Class D5 USD Quarterly 10.06 -0.03 -0.30 26-Sep-2022 11.08 10.06 LU0737136415 -
Class D2 Hedged GBP None 11.13 -0.04 -0.36 26-Sep-2022 12.10 11.13 LU0278463947 -
Class A6 USD Monthly 10.96 -0.04 -0.36 26-Sep-2022 12.26 10.96 LU1051767835 -
Class D5 Hedged EUR Quarterly 6.20 -0.03 -0.48 26-Sep-2022 6.95 6.20 LU0827879841 -
Class D2 Hedged EUR None 10.14 -0.04 -0.39 26-Sep-2022 11.15 10.14 LU0278456651 -
Class A1 EUR Monthly 9.92 0.03 0.30 26-Sep-2022 9.92 9.02 LU1005244220 -
Class A2 USD None 14.51 -0.05 -0.34 26-Sep-2022 15.76 14.51 LU0278466700 -
Class I2 Hedged EUR None 10.50 -0.04 -0.38 26-Sep-2022 11.53 10.50 LU0368231436 -
Class I2 USD None 12.17 -0.04 -0.33 26-Sep-2022 13.13 12.17 LU0986736956 -
Class A3 EUR Monthly 9.92 0.02 0.20 26-Sep-2022 9.92 9.01 LU1005243339 -
Class A5 USD Quarterly 9.57 -0.04 -0.42 26-Sep-2022 10.55 9.57 LU0280465617 -
Class D4 EUR Annual 13.23 0.04 0.30 26-Sep-2022 13.45 12.05 LU1085283973 -
Class D4 Hedged GBP Annual 4.36 -0.02 -0.46 26-Sep-2022 4.83 4.36 LU1294567364 -
Class A2 Hedged GBP None 10.13 -0.04 -0.39 26-Sep-2022 11.07 10.13 LU1181257202 -
Class D2 USD None 15.23 -0.05 -0.33 26-Sep-2022 16.46 15.23 LU0278469043 -
Class A2 Hedged EUR None 9.42 -0.04 -0.42 26-Sep-2022 10.41 9.42 LU0278453476 -
Class A5 Hedged EUR Quarterly 6.19 -0.03 -0.48 26-Sep-2022 6.94 6.19 LU0280467159 -
Class D4 Hedged EUR Annual 8.44 -0.04 -0.47 26-Sep-2022 9.46 8.44 LU1340096590 -
Class A1 USD Monthly 9.59 -0.04 -0.42 26-Sep-2022 10.57 9.59 LU1003076855 -
Class A3 USD Monthly 9.60 -0.03 -0.31 26-Sep-2022 10.57 9.60 LU1003076939 -
Class I5 Hedged EUR Quarterly 8.22 -0.03 -0.36 26-Sep-2022 9.21 8.22 LU1129992308 -
Class I5 GBP Hedged GBP Quarterly 9.25 -0.04 -0.43 26-Sep-2022 10.25 9.25 LU1877503935 -
Class I2 Hedged GBP None 11.28 -0.04 -0.35 26-Sep-2022 12.24 11.28 LU0999670564 -
Class A4 USD Annual 9.45 -0.03 -0.32 26-Sep-2022 10.41 9.45 LU1153584997 -
Class D2 EUR None 15.74 0.04 0.25 26-Sep-2022 15.74 14.07 LU1005243503 -
Class A2 EUR None 14.99 0.03 0.20 26-Sep-2022 14.99 13.46 LU1005243255 -
Class A4 Hedged EUR Annual 8.45 -0.03 -0.35 26-Sep-2022 9.46 8.45 LU0973708182 -

Portfolio Managers

Portfolio Managers

Rick Rieder
Chief Investment Officer, Global Fixed Income

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Allocation Investment Team in the Multi-Asset Strategies Group, a member of BlackRock's Global Operating Committee and Chairman of the firm-wide BlackRock Investment Council.

Aidan Doyle
CFA, Director

Aidan Doyle, CFA, Director, is a portfolio manager within the Global Bond Team.

Bob Miller
Managing Director

Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee.

Literature

Literature