Fixed Income

BGF Fixed Income Global Opportunities 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.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

Performance chart data not available for display.
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Reinvestments

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

This chart shows the fund's performance as the percentage loss or gain per year over the last 8 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 0.2 3.7 5.3 -0.1 8.3 7.0 1.1 -5.4

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
1.96 0.51 2.52 - 2.57
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.72 -0.24 1.22 2.04 1.96 1.55 13.25 - 24.80
  From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
Total Return (%)

as of 30.Jun.2023

5.57 3.63 7.18 -5.53 2.06

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in USD 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

Net Assets of Fund as of 22.Sep.2023 USD 7,107,948,903
Share Class launch date 03.Dec.2014
Fund Launch Date 31.Jan.2007
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.06%
ISIN LU0278469985
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment USD 10,000,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Flexible Bond - USD Hedged
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFIGXU
SEDOL BSBMT81

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31.Aug.2023 2,756
Standard Deviation (3y) as of 31.Aug.2023 3.37%
Yield to Maturity as of 31.Aug.2023 6.62%
Modified Duration as of 31.Aug.2023 3.99
Weighted Average YTM as of 31.Aug.2023 6.63%
Effective Duration as of 31.Aug.2023 3.42
Weighted Avg Maturity as of 31.Aug.2023 6.91
WAL to Worst as of 31.Aug.2023 6.91

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, 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 BGF Fixed Income Global Opportunities Fund, Class X2, as of 31.Aug.2023 rated against 629 Global Flexible Bond - USD Hedged Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - Silver
Morningstar has awarded the Fund a Silver medal. (Effective 12.Mar.2019)

Holdings

Holdings

as of 31.Aug.2023
Name Weight (%)
UMBS 30YR TBA(REG A) 13.20
TREASURY NOTE 2.875 05/15/2032 4.84
TREASURY BOND 2.875 05/15/2052 2.87
TREASURY NOTE 1.25 11/30/2026 2.05
TREASURY (CPI) NOTE 0.625 01/15/2024 1.91
Name Weight (%)
TREASURY (CPI) NOTE 0.5 04/15/2024 1.72
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.49
TREASURY NOTE 2.625 05/31/2027 1.40
FNMA 30YR UMBS SUPER 1.40
SPAIN (KINGDOM OF) 3.15 04/30/2033 1.31
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31.Aug.2023

% of Market Value

Type Fund
¹Allocations are subject to change. Source: BlackRock
as of 31.Aug.2023

% of Market Value

Type Fund
as of 31.Aug.2023

% of Market Value

Type Fund
Allocations subject to change.
as of 31.Aug.2023

% of Market Value

Type Fund
as of 31.Aug.2023

% of Market Value

Type Fund
as of 31.Aug.2023

% 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

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class X2 USD None 12.44 0.01 0.08 22.Sep.2023 12.52 11.84 LU0278469985
Class A2 Hedged EUR None 9.41 0.00 0.00 22.Sep.2023 9.63 9.26 LU0278453476
Class A2 Hedged SGD None 20.91 0.01 0.05 22.Sep.2023 21.30 20.34 LU0278465488
Class I2 Hedged CHF None 10.82 0.00 0.00 22.Sep.2023 11.16 10.76 LU1270847004
Class A5 Hedged SGD Quarterly 13.38 0.00 0.00 22.Sep.2023 13.96 13.38 LU0280468637
Class I2 Hedged JPY None 1,036.00 0.00 0.00 22.Sep.2023 1,080.00 1,036.00 LU1005243172
Class D2 Hedged EUR None 10.18 0.00 0.00 22.Sep.2023 10.39 9.98 LU0278456651
Class I5 Hedged JPY Quarterly 826.00 0.00 0.00 22.Sep.2023 886.00 826.00 LU1791183194
Class D2 Hedged PLN None 17.68 0.01 0.06 22.Sep.2023 17.77 16.58 LU0827879684
Class A5 USD Quarterly 9.53 0.00 0.00 22.Sep.2023 9.84 9.43 LU0280465617
Class D4 EUR Annual 11.94 -0.02 -0.17 22.Sep.2023 13.25 11.78 LU1085283973
Class A2 USD None 14.86 0.00 0.00 22.Sep.2023 15.00 14.29 LU0278466700
Class A3G USD Monthly 9.93 0.00 0.00 22.Sep.2023 10.08 9.92 LU2621334601
Class A5 Hedged EUR Quarterly 6.01 0.01 0.17 22.Sep.2023 6.29 6.00 LU0280467159
Class D4 Hedged EUR Annual 8.19 0.00 0.00 22.Sep.2023 8.64 8.19 LU1340096590
Class X2 Hedged SEK None 10.69 0.00 0.00 22.Sep.2023 10.86 10.40 LU1153584724
Class D5 USD Quarterly 10.01 0.01 0.10 22.Sep.2023 10.34 9.91 LU0737136415
Class I3 Hedged CAD Monthly 8.99 0.01 0.11 22.Sep.2023 9.28 8.93 LU1234671672
Class I2 Hedged EUR None 10.56 0.01 0.09 22.Sep.2023 10.76 10.33 LU0368231436
Class A2 Hedged PLN None 16.74 0.01 0.06 22.Sep.2023 16.83 15.77 LU0480534915
Class D4 Hedged CAD Annual 9.08 0.00 0.00 22.Sep.2023 9.49 9.05 LU1270847186
Class I2 Hedged AUD - 10.43 0.01 0.10 22.Sep.2023 10.58 10.11 LU1786038098
Class S5 USD Quarterly 9.58 0.00 0.00 22.Sep.2023 9.91 9.49 LU1992159068
Class A2 Hedged GBP None 10.28 0.00 0.00 22.Sep.2023 10.42 9.98 LU1181257202
Class X2 Hedged GBP None 11.55 0.01 0.09 22.Sep.2023 11.62 11.09 LU0278465058
Class A6 USD Monthly 10.86 0.00 0.00 22.Sep.2023 11.19 10.77 LU1051767835
Class X2 Hedged CHF None 11.37 0.00 0.00 22.Sep.2023 11.70 11.26 LU1263143379
Class S2 Hedged EUR - 9.84 0.00 0.00 22.Sep.2023 10.03 9.64 LU1992159654
Class X3 Hedged EUR Monthly 8.10 0.01 0.12 22.Sep.2023 8.44 8.09 LU1003077317
Class D2 Hedged SGD None 22.07 0.00 0.00 22.Sep.2023 22.42 21.38 LU0827879767
Class I5 JPY Quarterly 1,381.00 4.00 0.29 22.Sep.2023 1,397.00 1,221.00 LU1926936912
Class D5 Hedged EUR Quarterly 6.02 0.00 0.00 22.Sep.2023 6.31 6.02 LU0827879841
Class D5 Hedged CHF Quarterly 8.00 0.00 0.00 22.Sep.2023 8.50 8.00 LU1681056062
Class D2 USD None 15.68 0.01 0.06 22.Sep.2023 15.79 15.01 LU0278469043
Class D2 Hedged GBP None 11.35 0.01 0.09 22.Sep.2023 11.47 10.96 LU0278463947
Class A8 Hedged CNH Monthly 84.98 0.02 0.02 22.Sep.2023 88.49 84.78 LU1165523371
Class I2 USD None 12.55 0.01 0.08 22.Sep.2023 12.63 11.99 LU0986736956
Class A3 USD Monthly 9.55 0.00 0.00 22.Sep.2023 9.82 9.44 LU1003076939
Class A1 EUR Monthly 8.96 -0.01 -0.11 22.Sep.2023 9.94 8.59 LU1005244220
Class A2 Hedged JPY None 971.00 0.00 0.00 22.Sep.2023 1,016.00 971.00 LU1005243099
Class A1 USD Monthly 9.55 0.00 0.00 22.Sep.2023 9.83 9.44 LU1003076855
Class I2 Hedged GBP None 11.52 0.01 0.09 22.Sep.2023 11.63 11.11 LU0999670564
Class D4 Hedged GBP Annual 4.30 0.01 0.23 22.Sep.2023 4.49 4.29 LU1294567364
Class I5 GBP Hedged GBP Quarterly 9.12 0.01 0.11 22.Sep.2023 9.47 9.11 LU1877503935
Class X3 USD Monthly 9.57 0.01 0.10 22.Sep.2023 9.83 9.46 LU1003077234
Class D2 EUR None 14.71 -0.02 -0.14 22.Sep.2023 15.77 14.03 LU1005243503
Class S2 Hedged CHF - 9.62 0.01 0.10 22.Sep.2023 9.93 9.56 LU1992159902
Class A2 EUR None 13.94 -0.02 -0.14 22.Sep.2023 15.03 13.31 LU1005243255
Class A6 Hedged HKD Monthly 80.23 0.03 0.04 22.Sep.2023 83.54 80.20 LU1051769021
Class A4 Hedged EUR Annual 8.19 0.00 0.00 22.Sep.2023 8.64 8.19 LU0973708182
Class A3 EUR Monthly 8.96 -0.01 -0.11 22.Sep.2023 9.94 8.59 LU1005243339
Class X2 Hedged AUD None 12.52 0.00 0.00 22.Sep.2023 12.66 12.08 LU1093512371
Class S4 Hedged EUR Annual 8.82 0.01 0.11 22.Sep.2023 9.31 8.81 LU1992161049
Class X5 Hedged EUR Quarterly 8.24 0.01 0.12 22.Sep.2023 8.64 8.23 LU1685502194
Class S2 USD - 10.69 0.00 0.00 22.Sep.2023 10.77 10.23 LU1992160157
Class X2 Hedged CAD None 11.79 0.01 0.08 22.Sep.2023 11.87 11.28 LU1214678283
Class A8 Hedged AUD Monthly 8.18 0.00 0.00 22.Sep.2023 8.45 8.16 LU1165522480
Class X2 Hedged EUR None 11.32 0.00 0.00 22.Sep.2023 11.52 11.04 LU0278456909
Class A4 USD Annual 9.41 0.01 0.11 22.Sep.2023 9.77 9.31 LU1153584997
Class X5 Hedged GBP Quarterly 8.62 0.01 0.12 22.Sep.2023 8.96 8.61 LU1165522217
Class D2 Hedged CHF None 10.09 0.01 0.10 22.Sep.2023 10.42 10.04 LU0972027022
Class I5 USD Quarterly 9.32 0.01 0.11 22.Sep.2023 9.63 9.23 LU1083819141
Class I2 Hedged CAD None 11.51 0.00 0.00 22.Sep.2023 11.62 11.06 LU1136394076
Class A2 Hedged SEK None 96.95 0.03 0.03 22.Sep.2023 99.21 95.34 LU1121320748
Class A2 Hedged CHF None 9.21 0.00 0.00 22.Sep.2023 9.54 9.20 LU1121327164
Class X3 Hedged AUD Monthly 9.63 0.01 0.10 22.Sep.2023 9.99 9.61 LU1003077820
Class I5 Hedged EUR Quarterly 7.97 0.00 0.00 22.Sep.2023 8.36 7.97 LU1129992308

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

Russell Brownback
Managing Director, Head of Global Macro Positioning for Fixed-Income

  

Aidan Doyle, CFA
Managing Director, Portfolio Manager

  

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 3 years
Example Investment USD 10,000
Scenario
If you exit after 1 year
If you exit after 3 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
8,580 USD
-14.2%
7,530 USD
-9.0%

Unfavourable

What you might get back after costs
Average return each year
9,280 USD
-7.2%
9,700 USD
-1.0%

Moderate

What you might get back after costs
Average return each year
10,320 USD
3.2%
10,950 USD
3.1%

Favourable

What you might get back after costs
Average return each year
11,390 USD
13.9%
11,730 USD
5.5%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.