BGF Fixed Income Global Opportunities Fund

Fixed Income

BGF Fixed Income Global Opportunities Fund

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. 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

  • Returns

  From
30-Jun-2014
To
30-Jun-2015		 From
30-Jun-2015
To
30-Jun-2016		 From
30-Jun-2016
To
30-Jun-2017		 From
30-Jun-2017
To
30-Jun-2018		 From
30-Jun-2018
To
30-Jun-2019
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 30-Jun-19

0.57 -1.98 2.98 -1.31 1.23
Benchmark (%) Index: Fund has no benchmark<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.

as of 30-Jun-19

0.00 0.00 0.00 0.00 0.00

The figures shown relate to past performance. Past performance is not a reliable indicator of 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 fund 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

Chart

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

Key Facts

Key Facts

Size of Fund (Millions) as of 23-Jul-19 USD 9,784.717
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 28-Jun-19 2910
Base Currency USD
Fund Launch Date 31-Jan-07
Inception Date 02-Oct-13
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - CHF Hedged
Benchmark Index Fund has no benchmark
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 0.72%
ISIN LU0972027022
Bloomberg Ticker BGFID2C
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BCRXJK8
Bloomberg Benchmark Ticker -
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 Yield to Maturity (YTM) is the discount rate that equates the present value of a bond's cash flows with its market price (including accrued interest). The Fund Average YTM is the weighted average of the fund's individual bond holding YTMs based upon Net Asset Value ('NAV'). The measure does not include fees and expenses. as of 28-Jun-19 3.42%
Modified Duration Modified Duration is a measure of price sensitivity of a bond to changes in interest rates. It inversely indicates the expected change in the price of a bond, assuming a 1% change in interest rates. The Modified Duration of iShares ETFs is calculated as the average of the underlying bonds' modified duration values, weighted by the bond's weight in the fund. as of 28-Jun-19 4.20
Effective Duration Effective Duration is a measure of the potential impact on a bond or portfolio price of a 1% change in interest rates across all maturities. It takes into account the possible changes in expected bond cash flows for bonds with embedded optionality (for example the bond issuer's right to redeem bonds at a pre-determined price on certain dates) due to the 1% change in rates. as of 28-Jun-19 3.12
Weighted Avg Maturity Bond's maturity is the length of time until the date when the principal amount of a bond is to be repaid. Weighted Avg. Maturity, WAM, is used to calculate the maturity of a basket of bonds (fund) and is calculated as the average of the underlying bonds' maturities weighted by the bonds' weight in the fund. as of 28-Jun-19 6.42
WAL to Worst The weighted average time to receipt of principal, adjusting for embedding optionality. as of 28-Jun-19 6.42

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
Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class D2 Hedged, as of 30-Jun-19 rated against 89 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 12-Mar-19)

Holdings

Holdings

as of 28-Jun-19
Name Weight (%)
UMBS 30YR TBA(REG A) 2.42
INDIA (REPUBLIC OF) 7.17 01/08/2028 1.57
TREASURY (CPI) NOTE 0.5 04/15/2024 1.42
FRANCE (REPUBLIC OF) 1.5 05/25/2050 0.89
JAPAN (GOVERNMENT OF) 10YR #24 0.1 03/10/2029 0.59
Name Weight (%)
JAPAN (GOVERNMENT OF) 10YR #23 0.1 03/10/2028 0.59
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 10/18/2023 0.53
WELLS FARGO & COMPANY MTN 3.75 01/24/2024 0.50
TREASURY (CPI) NOTE 0.625 04/15/2023 0.49
FGOLD 30YR 4% HLB 150K 2016 0.48
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Jun-19

% of Market Value

Type Fund
as of 28-Jun-19

% 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-Jun-19

% of Market Value

Type Fund
Allocations subject to change.
as of 28-Jun-19

% of Market Value

Type Fund
as of 28-Jun-19

% of Market Value

Type Fund
as of 28-Jun-19

% 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 10.72 0.01 0.09 10.74 10.35 - LU0972027022 - -
Class D2 Hedged PLN None 16.34 0.00 0.00 16.36 15.57 - LU0827879684 - -
Class A5 Hedged EUR Quarterly 6.92 0.00 0.00 7.02 6.79 - LU0280467159 - -
Class D5 USD Quarterly 10.66 0.01 0.09 10.66 10.26 - LU0737136415 - -
Class A5 USD Quarterly 10.14 0.00 0.00 10.15 9.77 - LU0280465617 - -
Class A5 Hedged SGD Quarterly 14.55 0.00 0.00 14.57 14.08 - LU0280468637 - -
Class C2 USD None 12.47 0.00 0.00 12.48 11.92 - LU0278467773 - -
Class E2 USD None 13.64 0.01 0.07 13.65 12.98 - LU0278469472 - -
Class I3 Hedged CAD Monthly 9.72 0.00 0.00 9.73 9.42 - LU1234671672 - -
Class E2 Hedged EUR None 9.39 0.01 0.11 9.41 9.09 - LU0278456818 - -
Class I2 Hedged CHF None 11.42 0.01 0.09 11.44 11.02 - LU1270847004 - -
Class D4 Hedged EUR Annual 9.68 0.01 0.10 9.78 9.32 - LU1340096590 - -
Class A2 Hedged EUR None 9.98 0.00 0.00 10.00 9.64 - LU0278453476 - -
Class C5 USD Quarterly 10.10 0.00 0.00 10.11 9.74 - LU0280466938 - -
Class I2 Hedged EUR None 10.89 0.00 0.00 10.91 10.48 - LU0368231436 - -
Class A2 USD None 14.56 0.01 0.07 14.56 13.82 - LU0278466700 - -
Class D4 Hedged CAD Annual 10.09 0.01 0.10 10.09 9.60 - LU1270847186 - -
Class D2 Hedged EUR None 10.57 0.00 0.00 10.59 10.19 - LU0278456651 - -
Class A2 Hedged PLN None 15.80 0.00 0.00 15.82 15.10 - LU0480534915 - -
Class X2 Hedged SEK None 10.65 0.00 0.00 10.66 10.21 - LU1153584724 - -
Class I5 Hedged JPY Quarterly 969.00 0.00 0.00 982.00 949.00 - LU1791183194 - -
Class A2 Hedged SGD None 20.93 0.01 0.05 20.94 19.96 - LU0278465488 - -
Class D4 EUR Annual 12.43 0.07 0.57 12.43 11.21 - LU1085283973 - -
Class I2 Hedged JPY None 1,086.00 0.00 0.00 1,088.00 1,045.00 - LU1005243172 - -
Class A2 Hedged JPY None 1,047.00 1.00 0.10 1,049.00 1,010.00 - LU1005243099 - -
Class D2 USD None 15.04 0.01 0.07 15.04 14.23 - LU0278469043 - -
Class I2 Hedged AUD - 10.35 0.00 0.00 10.36 9.83 - LU1786038098 - -
Class D5 Hedged CHF Quarterly 9.44 0.00 0.00 9.61 9.28 - LU1681056062 - -
Class D5 Hedged EUR Quarterly 6.94 0.00 0.00 7.03 6.80 - LU0827879841 - -
Class X2 Hedged CHF None 11.77 0.00 0.00 11.79 11.33 - LU1263143379 - -
Class AI2 Hedged EUR - 10.17 0.00 0.00 10.19 9.99 - LU1960221809 - -
Class A6 USD Monthly 12.22 0.01 0.08 12.22 11.82 - LU1051767835 - -
Class AI2 EUR - - - - - - - LU1960221981 - -
Class X2 Hedged GBP None 11.18 0.00 0.00 11.19 10.67 - LU0278465058 - -
Class S5 USD - - - - - - - LU1992159068 - -
Class A8 Hedged CNH Monthly 96.25 0.03 0.03 96.51 93.71 - LU1165523371 - -
Class D2 Hedged GBP None 11.30 0.01 0.09 11.31 10.81 - LU0278463947 - -
Class A2 Hedged GBP None 10.45 0.00 0.00 10.46 10.03 - LU1181257202 - -
Class I5 JPY Quarterly 1,074.00 4.00 0.37 1,095.00 1,027.00 - LU1926936912 - -
Class A3 USD Monthly 10.14 0.00 0.00 10.14 9.77 - LU1003076939 - -
Class C1 USD Daily 10.13 0.00 0.00 10.15 9.78 - LU1003077077 - -
Class D2 Hedged SGD None 21.64 0.01 0.05 21.66 20.58 - LU0827879767 - -
Class X3 Hedged EUR Monthly 9.31 0.00 0.00 9.44 9.13 - LU1003077317 - -
Class S2 Hedged EUR - 10.18 0.01 0.10 10.20 10.00 - LU1992159654 - -
Class I2 USD None 11.96 0.01 0.08 11.96 11.31 - LU0986736956 - -
Class J3 USD Monthly 10.16 0.00 0.00 10.16 9.78 - LU1003077150 - -
Class A1 EUR Daily 9.08 0.06 0.67 9.08 8.41 - LU1005244220 - -
Class E2 EUR None 12.22 0.07 0.58 12.22 11.11 - LU1005243685 - -
Class X2 USD None 11.61 0.01 0.09 11.61 10.95 - LU0278469985 - -
Class C1 EUR Daily 9.08 0.06 0.67 9.08 8.41 - LU1005244493 - -
Class A1 USD Daily 10.13 0.00 0.00 10.15 9.78 - LU1003076855 - -
Class S2 Hedged CHF - 10.17 0.00 0.00 10.19 10.00 - LU1992159902 - -
Class A2 Hedged CHF None 9.99 0.00 0.00 10.01 9.68 - LU1121327164 - -
Class A2 Hedged SEK None 101.47 0.03 0.03 101.65 97.96 - LU1121320748 - -
Class I5 GBP Hedged GBP - 10.08 0.00 0.00 10.09 9.81 - LU1877503935 - -
Class C2 EUR None 11.17 0.06 0.54 11.17 10.22 - LU1005243412 - -
Class X5 Hedged EUR Quarterly 9.51 0.01 0.11 9.64 9.31 - LU1685502194 - -
Class X3 USD Monthly 10.16 0.01 0.10 10.16 9.78 - LU1003077234 - -
Class I2 Hedged GBP None 11.39 0.01 0.09 11.40 10.89 - LU0999670564 - -
Class A3 EUR Monthly 9.08 0.05 0.55 9.08 8.41 - LU1005243339 - -
Class A6 Hedged HKD Monthly 92.24 0.04 0.04 92.37 89.69 - LU1051769021 - -
Class S2 USD - 10.21 0.00 0.00 10.22 10.00 - LU1992160157 - -
Class S4 Hedged EUR - 10.17 0.01 0.10 10.19 10.00 - LU1992161049 - -
Class X2 Hedged AUD None 12.16 0.00 0.00 12.17 11.52 - LU1093512371 - -
Class D4 Hedged GBP Annual 4.86 0.00 0.00 4.87 4.66 - LU1294567364 - -
Class X2 Hedged EUR None 11.46 0.01 0.09 11.47 11.00 - LU0278456909 - -
Class X3 Hedged AUD Monthly 10.64 0.00 0.00 10.65 10.30 - LU1003077820 - -
Class A2 EUR None 13.04 0.08 0.62 13.04 11.81 - LU1005243255 - -
Class D2 EUR None 13.47 0.08 0.60 13.47 12.15 - LU1005243503 - -
Class A4 Hedged EUR Annual 9.64 0.00 0.00 9.74 9.32 - LU0973708182 - -
Class I5 USD Quarterly 9.92 0.00 0.00 9.92 9.55 - LU1083819141 - -
Class I5 Hedged EUR Quarterly 9.20 0.01 0.11 9.32 9.01 - LU1129992308 - -
Class X2 Hedged CAD None 11.20 0.00 0.00 11.21 10.63 - LU1214678283 - -
Class A8 Hedged AUD Monthly 9.34 0.00 0.00 9.35 9.08 - LU1165522480 - -
Class A4 USD Annual 10.21 0.01 0.10 10.21 9.69 - LU1153584997 - -
Class X5 Hedged GBP Quarterly 9.54 0.01 0.10 9.56 9.28 - LU1165522217 - -
Class I2 Hedged CAD None 11.17 0.00 0.00 11.18 10.62 - LU1136394076 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Andreas Doerrenhaus
Andreas Doerrenhaus
Bob Miller
Bob Miller

Literature

Literature