Fixed Income

BlackRock Global Absolute Return Bond Fund

Overview

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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Reinvestments

This product does not have any distributions data as of now.
  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

1.08 0.37 -2.57 -4.83 9.65
  1y 3y 5y 10y Incept.
5.87 0.86 0.51 - 0.40
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.83 0.02 0.19 5.87 2.59 2.60 - 3.39

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 SEK, 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 24-Jun-21 EUR 153.552
12m Trailing Yield -
Number of Holdings as of 28-May-21 762
Base Currency Euro
Fund Launch Date 25-May-12
Inception Date 06-Feb-13
Asset Class Fixed Income
Morningstar Category Other Bond
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.33%
ISIN LU0884611699
Bloomberg Ticker BRGAA2S
Annual Management Fee 1.00%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B7Y0758
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment SEK 5000
Minimum Subsequent Investment SEK 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM as of 28-May-21 0.73%
Modified Duration as of 28-May-21 -1.07
Effective Duration as of 28-May-21 -1.42
Weighted Avg Maturity as of 28-May-21 4.46
3y Volatility - Benchmark as of 31-May-21 0.04
3y Beta as of 31-May-21 24.777
5y Volatility - Benchmark as of 31-May-21 0.03
5y Beta as of 31-May-21 19.541
WAL to Worst as of 28-May-21 4.46

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 BlackRock Global Absolute Return Bond Fund, Class A2 Hedged, as of 31-Jul-18 rated against 364 Other Bond Funds.

Holdings

Holdings

as of 28-May-21
Name Weight (%)
GNMA2 30YR TBA(REG C) 4.55
ISHARES EURO ULTRASHORT BOND UCITS 3.76
UMBS 30YR TBA(REG A) 3.24
ISH EUR CORP BND 1-5 ETF EUR DIST 2.27
CHINA DEVELOPMENT BANK 2.89 06/22/2025 0.97
Name Weight (%)
RMS_29 B RegS 0.71
HFHL_20-2 B RegS 0.67
OATH_2 A RegS 0.65
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.85 06/04/2027 0.63
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 0.62
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-May-21

% of Market Value

Type Fund Benchmark Net
as of 28-May-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 A2 Hedged SEK None 1,031.18 0.50 0.05 1,035.60 990.50 - LU0884611699 - -
Class X2 EUR None 117.88 0.06 0.05 118.26 112.16 - LU0783530743 - -
Class D2 Hedged CHF None 102.79 0.06 0.06 103.21 98.38 - LU1311313644 - -
Class A2 EUR None 105.33 0.05 0.05 105.86 101.44 - LU0783530669 - -
Class I2 EUR None 106.53 0.06 0.06 106.90 101.86 - LU1129992563 - -
Class A2 Hedged USD None 114.76 0.05 0.04 115.19 109.57 - LU0972010309 - -
Class D2 EUR None 110.06 0.05 0.05 110.48 105.43 - LU0802639707 - -
Class I2 Hedged GBP - 106.95 0.06 0.06 107.28 101.69 - LU1834329234 - -
Class I2 Hedged SEK None 1,061.80 0.56 0.05 1,065.38 1,012.80 - LU1129992647 - -
Class E2 EUR None 100.83 0.05 0.05 101.48 97.54 - LU0802640978 - -
Class D4 Hedged GBP - 99.63 0.05 0.05 100.23 99.53 - LU2331123641 - -

Portfolio Managers

Portfolio Managers

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

     

Rekesh Varsani
Rekesh Varsani

Literature

Literature