Fixed Income

BGF Fixed Income Global Opportunities Fund

  • NAV as of 14-Jun-21 CHF 11.27
    52 WK: 10.65 - 11.28
  • 1 Day NAV Change as of 14-Jun-21 0.01 (0.09%)
  • Morningstar Rating

Overview

Investment Approach

The Fund aims to achieve a return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests primarily in fixed income securities (such as bonds) on a global basis and money-market instruments (i.e. debt securities with short term maturities). The fixed income securities and money-market instruments may be issued by governments, government agencies, companies and supranationals.

Important Information: 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

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Performance chart data not available for display.
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Share Class performance displayed in CHF and Benchmark performance displayed in USD. Source: BlackRock. Performance is shown on a net asset value basis, with gross income reinvested. Past performance is not a guide to future performance.

Reinvestments

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution
  From
31-Mar-2016
To
31-Mar-2017		 From
31-Mar-2017
To
31-Mar-2018		 From
31-Mar-2018
To
31-Mar-2019		 From
31-Mar-2019
To
31-Mar-2020		 From
31-Mar-2020
To
31-Mar-2021
Total Return (%)

as of 31-Mar-21

3.10 0.75 -1.77 -4.94 11.59
  1y 3y 5y 10y Incept.
Total Return (%)

as of 31-May-21

6.24 1.94 1.60 - 1.54
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of 31-May-21

0.27 0.27 0.27 6.24 5.94 8.29 - 12.40

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 CHF, 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

Size of Fund (Millions) as of 14-Jun-21 USD 10,889.941
12m Trailing Yield -
Number of Holdings as of 28-May-21 3300
Base Currency U.S. Dollar
Fund Launch Date 31-Jan-07
Inception Date 02-Oct-13
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - CHF Hedged
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.72%
ISIN LU0972027022
Bloomberg Ticker BGFID2C
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BCRXJK8
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment CHF 100000
Minimum Subsequent Investment CHF 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM as of 28-May-21 2.05%
Modified Duration as of 28-May-21 2.25
Effective Duration as of 28-May-21 1.47
Weighted Avg Maturity as of 28-May-21 6.52
WAL to Worst as of 28-May-21 6.52

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 28-May-21 0.03%
MSCI - UN Global Compact Violators as of 28-May-21 0.71%
MSCI - Nuclear Weapons as of 28-May-21 0.02%
MSCI - Thermal Coal as of 28-May-21 0.00%
MSCI - Civilian Firearms as of 28-May-21 0.02%
MSCI - Oil Sands as of 28-May-21 0.00%
MSCI - Tobacco as of 28-May-21 0.21%
Business Involvement Coverage as of 28-May-21 21.28%
Percentage of Fund not covered as of 28-May-21 78.19%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.15% and for Oil Sands 0.34%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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

3 stars
Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class D2 Hedged, as of 31-May-21 rated against 216 Global Flexible Bond - CHF Hedged Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 31-Mar-21)

Holdings

Holdings

as of 28-May-21
Name Weight (%)
GNMA2 30YR TBA(REG C) 7.11
UMBS 30YR TBA(REG A) 6.47
TREASURY NOTE 1.5 08/31/2021 1.06
TREASURY (CPI) NOTE 0.5 04/15/2024 1.02
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 0.98
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.85 06/04/2027 0.95
TREASURY NOTE 1.5 09/30/2021 0.89
ITALY (REPUBLIC OF) 2.45 09/01/2050 0.76
GREECE REPUBLIC OF (GOVERNMENT) 1.5 06/18/2030 0.65
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.41 06/19/2025 0.65
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-May-21

% of Market Value

Type Fund
as of 28-May-21

% 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 28-May-21

% of Market Value

Type Fund
Allocations subject to change.
as of 28-May-21

% of Market Value

Type Fund
as of 28-May-21

% of Market Value

Type Fund
as of 28-May-21

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class D2 Hedged CHF None 11.27 0.01 0.09 11.28 10.65 - LU0972027022 - -
Class I2 Hedged CHF None 12.04 0.01 0.08 12.05 11.37 - LU1270847004 - -
Class A5 USD Quarterly 10.64 0.01 0.09 10.66 10.13 - LU0280465617 - -
Class D5 USD Quarterly 11.18 0.01 0.09 11.21 10.64 - LU0737136415 - -
Class D2 Hedged PLN None 17.66 0.02 0.11 17.66 16.56 - LU0827879684 - -
Class I3 Hedged CAD Monthly 10.07 0.01 0.10 10.11 9.62 - LU1234671672 - -
Class D2 Hedged EUR None 11.17 0.01 0.09 11.17 10.54 - LU0278456651 - -
Class A2 USD None 15.78 0.02 0.13 15.78 14.81 - LU0278466700 - -
Class I2 Hedged EUR None 11.54 0.01 0.09 11.54 10.87 - LU0368231436 - -
Class D4 Hedged EUR Annual 9.67 0.01 0.10 9.67 9.34 - LU1340096590 - -
Class C5 USD Quarterly 10.58 0.01 0.09 10.61 10.07 - LU0280466938 - -
Class E2 USD None 14.64 0.01 0.07 14.65 13.81 - LU0278469472 - -
Class A5 Hedged EUR Quarterly 7.01 0.00 0.00 7.05 6.74 - LU0280467159 - -
Class C2 USD None 13.20 0.01 0.08 13.24 12.55 - LU0278467773 - -
Class A2 Hedged PLN None 16.91 0.02 0.12 16.91 15.94 - LU0480534915 - -
Class A2 Hedged EUR None 10.44 0.01 0.10 10.46 9.90 - LU0278453476 - -
Class X2 Hedged SEK None 11.47 0.02 0.17 11.47 10.72 - LU1153584724 - -
Class A2 Hedged SGD None 22.51 0.03 0.13 22.51 21.15 - LU0278465488 - -
Class A5 Hedged SGD Quarterly 15.14 0.01 0.07 15.18 14.44 - LU0280468637 - -
Class E2 Hedged EUR None 9.73 0.01 0.10 9.76 9.27 - LU0278456818 - -
Class D4 Hedged CAD Annual 10.34 0.01 0.10 10.34 9.90 - LU1270847186 - -
Class D4 EUR Annual 11.86 0.01 0.08 12.31 11.57 - LU1085283973 - -
Class D5 Hedged EUR Quarterly 7.03 0.00 0.00 7.07 6.76 - LU0827879841 - -
Class I5 Hedged JPY Quarterly 989.00 1.00 0.10 992.00 946.00 - LU1791183194 - -
Class D2 USD None 16.46 0.02 0.12 16.46 15.37 - LU0278469043 - -
Class AI2 EUR - 10.34 0.01 0.10 10.58 10.10 - LU1960221981 - -
Class I2 Hedged AUD - 11.15 0.01 0.09 11.15 10.43 - LU1786038098 - -
Class I2 Hedged JPY None 1,159.00 1.00 0.09 1,159.00 1,087.00 - LU1005243172 - -
Class A6 USD Monthly 12.36 0.01 0.08 12.47 11.99 - LU1051767835 - -
Class A2 Hedged JPY None 1,103.00 1.00 0.09 1,103.00 1,041.00 - LU1005243099 - -
Class I5 JPY Quarterly 1,145.00 4.00 0.35 1,145.00 1,055.00 - LU1926936912 - -
Class S5 USD Quarterly 10.71 0.01 0.09 10.74 10.20 - LU1992159068 - -
Class X2 Hedged GBP None 12.13 0.01 0.08 12.13 11.30 - LU0278465058 - -
Class D2 Hedged SGD None 23.49 0.02 0.09 23.49 21.97 - LU0827879767 - -
Class X3 Hedged EUR Monthly 9.41 0.01 0.11 9.47 9.06 - LU1003077317 - -
Class AI2 Hedged EUR - 10.65 0.01 0.09 10.66 10.09 - LU1960221809 - -
Class X2 Hedged CHF None 12.54 0.01 0.08 12.54 11.77 - LU1263143379 - -
Class A2 Hedged GBP None 11.09 0.02 0.18 11.09 10.44 - LU1181257202 - -
Class A8 Hedged CNH Monthly 99.07 0.10 0.10 99.59 94.85 - LU1165523371 - -
Class D2 Hedged GBP None 12.10 0.01 0.08 12.10 11.34 - LU0278463947 - -
Class D5 Hedged CHF Quarterly 9.52 0.01 0.11 9.58 9.17 - LU1681056062 - -
Class S2 Hedged EUR - 10.78 0.01 0.09 10.78 10.15 - LU1992159654 - -
Class C1 USD Daily 10.62 0.01 0.09 10.66 10.12 - LU1003077077 - -
Class J3 USD Monthly 10.63 0.01 0.09 10.67 10.13 - LU1003077150 - -
Class A1 EUR Daily 8.76 0.00 0.00 9.06 8.62 - LU1005244220 - -
Class E2 EUR None 12.08 0.01 0.08 12.38 11.85 - LU1005243685 - -
Class C1 EUR Daily 8.76 0.01 0.11 9.06 8.62 - LU1005244493 - -
Class X2 USD None 12.86 0.01 0.08 12.86 11.93 - LU0278469985 - -
Class I2 USD None 13.12 0.01 0.08 13.12 12.24 - LU0986736956 - -
Class A1 USD Daily 10.62 0.01 0.09 10.66 10.12 - LU1003076855 - -
Class A3 USD Monthly 10.62 0.01 0.09 10.65 10.12 - LU1003076939 - -
Class A3 EUR Monthly 8.76 0.01 0.11 9.06 8.62 - LU1005243339 - -
Class D4 Hedged GBP Annual 4.93 0.00 0.00 4.93 4.73 - LU1294567364 - -
Class X2 Hedged AUD None 13.24 0.02 0.15 13.24 12.32 - LU1093512371 - -
Class A4 Hedged EUR Annual 9.64 0.01 0.10 9.66 9.31 - LU0973708182 - -
Class A6 Hedged HKD Monthly 93.15 0.09 0.10 94.03 90.39 - LU1051769021 - -
Class X3 USD Monthly 10.63 0.01 0.09 10.67 10.13 - LU1003077234 - -
Class A2 Hedged CHF None 10.41 0.01 0.10 10.43 9.89 - LU1121327164 - -
Class S4 Hedged EUR Annual 10.42 0.01 0.10 10.42 10.06 - LU1992161049 - -
Class I2 Hedged GBP None 12.23 0.01 0.08 12.23 11.45 - LU0999670564 - -
Class D2 EUR None 13.58 0.02 0.15 13.88 13.21 - LU1005243503 - -
Class C2 EUR None 10.89 0.01 0.09 11.23 10.72 - LU1005243412 - -
Class X5 Hedged EUR Quarterly 9.64 0.01 0.10 9.68 9.25 - LU1685502194 - -
Class S2 Hedged CHF - 10.72 0.01 0.09 10.72 10.12 - LU1992159902 - -
Class A2 EUR None 13.02 0.02 0.15 13.33 12.71 - LU1005243255 - -
Class X2 Hedged EUR None 12.26 0.01 0.08 12.26 11.49 - LU0278456909 - -
Class S2 USD - 11.20 0.01 0.09 11.20 10.45 - LU1992160157 - -
Class I5 USD Quarterly 10.41 0.01 0.10 10.43 9.91 - LU1083819141 - -
Class I5 Hedged EUR Quarterly 9.32 0.01 0.11 9.36 8.95 - LU1129992308 - -
Class A2 Hedged SEK None 106.84 0.10 0.09 106.88 101.06 - LU1121320748 - -
Class I5 GBP Hedged GBP Quarterly 10.35 0.01 0.10 10.38 9.89 - LU1877503935 - -
Class I2 Hedged CAD None 12.13 0.01 0.08 12.13 11.33 - LU1136394076 - -
Class X2 Hedged CAD None 12.28 0.01 0.08 12.28 11.42 - LU1214678283 - -
Class A4 USD Annual 10.58 0.01 0.09 10.58 10.11 - LU1153584997 - -
Class X3 Hedged AUD Monthly 10.94 0.01 0.09 10.99 10.46 - LU1003077820 - -
Class A8 Hedged AUD Monthly 9.41 0.01 0.11 9.49 9.09 - LU1165522480 - -
Class X5 Hedged GBP Quarterly 9.80 0.01 0.10 9.82 9.35 - LU1165522217 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Portfolio Manager, BlackRock’s Green Bond Mandates

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income.

Read More

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. Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets.

 

Bob Miller
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.

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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. He is a portfolio manager of BlackRock's Core Bond, Total Return, and Strategic Income Opportunities Funds. Prior to joining BlackRock in 2011, Mr. Miller was a co-founder and partner at the Round Table Investment Management Company, a multi-strategy, research-based investment company, where he managed a global macro strategy.

Aidan Doyle
Aidan Doyle
CFA, Director

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

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Aidan Doyle, CFA, Director, is a portfolio manager within the Global Bond Team. He is co-lead manager for the BGF World Bond Fund and BGF Global Government Bond Fund. Mr. Doyle began his career at BlackRock in 2010 when he joined the Global Bond Team as a portfolio manager. He is responsible for developing macro directional and relative value investment strategies and managing the team's global aggregate and global government bond portfolios. Mr Doyle. has a MSc degree in Finance from the Imperial College London, with a focus on fixed income and derivatives. He earned a BA degree in Economics, with honors, from Trinity College Dublin, with a focus on financial economics.

Literature

Literature