Fixed Income

BlackRock Global Absolute Return Bond Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of 31-Dec-20

0.64 1.47 -3.21 1.79 3.22
Benchmark (%)

as of 31-Dec-20

-0.22 -0.33 -0.33 -0.34 -0.39
  1y 3y 5y 10y Incept.
3.38 0.49 0.97 - 1.02
Benchmark (%)

as of 31-Jan-21

-0.41 -0.36 -0.33 - -0.11
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.26 0.26 1.88 3.38 1.46 4.97 - 9.02
Benchmark (%)

as of 31-Jan-21

-0.05 -0.05 -0.13 -0.41 -1.08 -1.65 - -0.96

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged Share Class Benchmark performance is displayed in EUR.

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

Size of Fund (Millions) as of 26-Feb-21 EUR 158.454
12m Trailing Yield -
Number of Holdings as of 29-Jan-21 741
Base Currency Euro
Fund Launch Date 25-May-12
Inception Date 11-Jul-12
Asset Class Fixed Income
Morningstar Category Alt - Long/Short Credit
Benchmark Index 3 Month Euribor Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.78%
ISIN LU0802639707
Bloomberg Ticker BRGARD2
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B8338Y1
Bloomberg Benchmark Ticker EURIBOR3MO
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment EUR 0
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM as of 29-Jan-21 1.24%
Modified Duration as of 29-Jan-21 0.39
Effective Duration as of 29-Jan-21 0.02
Weighted Avg Maturity as of 29-Jan-21 4.52
WAL to Worst as of 29-Jan-21 4.52

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

Holdings

Holdings

as of 29-Jan-21
Name Weight (%)
ISHARES EURO ULTRASHORT BOND UCITS 3.89
ISH EUR CORP BND 1-5 ETF EUR DIST 2.34
AUSTRALIA (COMMONWEALTH OF) 1.75 06/21/2051 1.12
CHINA DEVELOPMENT BANK 2.89 06/22/2025 0.97
RMS_29 B RegS 0.71
Name Weight (%)
HFHL_20-2 B RegS 0.68
OATH_2 A RegS 0.67
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.85 06/04/2027 0.63
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 0.63
SPAIN (KINGDOM OF) 0.5 04/30/2030 0.60
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jan-21

% of Market Value

Type Fund Benchmark Net
as of 29-Jan-21

% of Market Value

Type Fund Benchmark Net
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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class D2 EUR None 110.07 -0.17 -0.15 110.36 96.88 - LU0802639707 - -
Class A2 Hedged SEK None 1,031.93 -1.62 -0.16 1,034.65 909.89 - LU0884611699 - -
Class I2 EUR None 106.47 -0.17 -0.16 106.75 93.54 - LU1129992563 - -
Class I2 Hedged SEK None 1,060.05 -1.63 -0.15 1,062.78 927.82 - LU1129992647 - -
Class D2 Hedged CHF None 102.86 -0.17 -0.17 103.14 90.27 - LU1311313644 - -
Class E2 EUR None 101.16 -0.16 -0.16 101.44 89.86 - LU0802640978 - -
Class X2 EUR None 117.63 -0.18 -0.15 117.93 102.86 - LU0783530743 - -
Class A2 Hedged USD None 114.71 -0.18 -0.16 115.01 100.29 - LU0972010309 - -
Class I2 Hedged GBP - 106.68 -0.16 -0.15 106.95 93.31 - LU1834329234 - -
Class A2 EUR None 105.50 -0.17 -0.16 105.79 93.34 - LU0783530669 - -

Portfolio Managers

Portfolio Managers

Ian Winship
Ian Winship
Simon Blundell

Managing Director, is Head of the Fundamental Sterling Team within BlackRock's Global Fixed Income (GFI) Group.

Joe Di Censo
Portfolio manager, BlackRock’s Global Fixed Income Group

     

Nuno Luis
Nuno Luis
Rekesh Varsani
Rekesh Varsani

Literature

Literature