Fixed Income

MAWIX

Strategic Global Bond Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
2.11 2.37 2.56 3.54 5.99
Benchmark (%) Index: BBG Barc Global Aggregate Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. -1.26 1.30 0.48 3.31 -
Morningstar Category Avg. (%) World Bond 1.96 1.48 1.15 3.68 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 125/315 79/285 54/251 65/128 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 2 2 1 3 -
Lipper Category Avg. (%) Global Income Funds 1.50 1.65 1.35 3.62 -
Lipper Ranking Rankings are based on total return excluding sales charges. 77/210 58/192 38/175 42/84 -
Lipper Quartile Rankings are based on total return excluding sales charges. 2 2 1 2 -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
7.18 0.09 2.20 2.11 7.27 13.49 41.66 440.96
Benchmark (%) Index: BBG Barc Global Aggregate Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 6.25 -0.90 1.76 -1.26 3.96 2.42 38.51 -
Morningstar Category Avg. (%) World Bond 6.09 -0.39 1.63 1.96 4.50 5.89 43.51 -
Lipper Category Avg. (%) Global Income Funds 5.84 -0.43 1.53 1.50 5.09 7.19 43.69 -


The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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BlackRock Fixed Income Funds Delivered
15 of 23 U.S. bond funds, accounting for 89% of assets, have 1st quartile performance*
20 of 23 U.S. bond funds, accounting for 87% of our fixed income funds, are priced in the least expensive quartile
See the numbers See the numbers

Key Facts

Key Facts

Size of Class (Millions) as of Oct 20, 2017 $131.4 M
Size of Fund (Millions) as of Oct 20, 2017 $224.6 M
Share Class launch date Sep 29, 1988
Asset Class Fixed Income
Morningstar Category World Bond
Lipper Classification Global Income Funds
Benchmark Index BBG Barc Global Aggregate Index
CUSIP 09252X509
Number of Holdings as of Sep 29, 2017 998
Max Offer Price as of Oct 20, 2017 $6.02
Open to New Investors Yes
Turnover Percent as of Sep 30, 2017 396%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Sep 29, 2017 78.72
Beta (3y) as of Sep 29, 2017 0.78
Average Coupon as of Sep 29, 2017 4.51%
Best 3-Month Return Over the Last 3 Years 3 months ending Apr 30, 2016 7.21%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2016 -4.73%
Standard Deviation (3y) as of Sep 29, 2017 4.42

For the latest month-end Distribution Yield, click here.


This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for Strategic Global Bond Fund, Class Inst, as of Sep 30, 2017 rated against 285 World Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Aug 22, 2017) ‡

Holdings

Holdings

as of Sep 29, 2017
Name Weight (%)
FNMA 30YR TBA(REG A) 3 10/12/2017 3.54
JAPAN (GOVERNMENT OF) 10YR #21 0.1 03/10/2026 2.83
ITALY (REPUBLIC OF) 0.5 04/20/2023 2.82
JAPAN (GOVERNMENT OF) 10YR #19 0.1 09/10/2024 2.26
SPDR BLOOMBERG BARCLAYS HIGH YIELD 2.01
Name Weight (%)
RUSSIAN FEDERATION 8.15 02/03/2027 1.79
GNMA2 30YR TBA(REG C) 3 10/23/2017 1.58
ARGENTINA REPUBLIC OF GOVERNMENT MTN 6.25 04/22/2019 1.56
FNMA 30YR 2017 PRODUCTION 1.34
INDONESIA (REPUBLIC OF) 8.25 05/15/2036 1.23

Exposure Breakdowns

Exposure Breakdowns

as of Sep 29, 2017

% of Market Value

Type Fund Benchmark Net
as of Sep 29, 2017

% of Market Value

Type Fund Benchmark Net
as of Sep 29, 2017

% of Market Value

Type Fund Benchmark Net
as of Sep 29, 2017

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Sep 29, 2017

% of Market Value

Type Fund Benchmark Net
as of Sep 29, 2017

% of Market Value

Type Fund Benchmark Net
as of Sep 29, 2017

% of Market Value

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

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. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Rick Rieder
Chief Investment Officer and Co-Head of Global Fixed Income

    

Amer Bisat
Emerging Markets Portfolio Manager

   

Martin Hegarty
Head of Inflation-linked Bonds

  

Bob Miller
Head of U.S. Multi-Sector Fixed Income

  

Scott Thiel
Deputy Chief Investment Officer of Global Fundamental Fixed Income and Head of Global Bond Team

  

Portfolio Manager

Literature

Literature

 

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