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

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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 4 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 4,5 -0,3 -8,0 4,8

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

  1y 3y 5y 10y Incept.
5,17 -1,20 0,42 - 0,71
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0,76 0,98 0,43 0,76 5,17 -3,55 2,11 - 3,64
  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
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30.Jun.2024

0,35 5,50 -7,09 -1,29 5,17

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 EUR, 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 18.Jul.2024
USD 6 445 668 065
Fund Launch Date
31.Jan.2007
Fund Base Currency
USD
SFDR Classification
Other
Ongoing Charges Figures
0,60%
Annual Management Fee
0,40%
Minimum Initial Investment
EUR 50 000 000,00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Global Flexible Bond - EUR Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
BK5XLZ5
Share Class launch date
29.May.2019
Share Class Currency
EUR
Asset Class
Fixed Income
Initial Charge
-
ISIN
LU1992161049
Performance Fee
-
Minimum Subsequent Investment
EUR 1 000,00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGFXS4E

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28.Jun.2024
3 402
Standard Deviation (3y)
as of 30.Jun.2024
4,11%
Modified Duration
as of 28.Jun.2024
4,51
Effective Duration
as of 28.Jun.2024
3,73
WAL to Worst
as of 28.Jun.2024
7,35
12 Month Trailing Dividend Distribution Yield
as of 30.Jun.2024
3,42%
Yield to Maturity
as of 28.Jun.2024
5,79%
Weighted Average YTM
as of 28.Jun.2024
5,72%
Weighted Avg Maturity
as of 28.Jun.2024
7,35

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 S4 Hedged, as of 31.Jan.2023 rated against 1030 Global Flexible Bond - EUR Hedged Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - Gold
Morningstar has awarded the Fund a Gold medal. (Effective 14.Feb.2023)

Holdings

Holdings

as of 28.Jun.2024
Name Weight (%)
UMBS 30YR TBA(REG A) 18,94
FNMA 30YR UMBS SUPER 1,11
SPAIN (KINGDOM OF) 3.25 04/30/2034 1,05
TREASURY BOND 3.25 05/15/2042 0,64
INDIA (REPUBLIC OF) 7.37 10/23/2028 0,47
Name Weight (%)
SPAIN (KINGDOM OF) 2.55 10/31/2032 0,46
IRELAND (GOVERNMENT) 2.6 10/18/2034 0,45
TREASURY NOTE 5 09/30/2025 0,45
TREASURY NOTE 4.5 11/15/2025 0,44
TREASURY NOTE 3.25 06/30/2029 0,43
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Jun.2024

% of Market Value

Type Fund
¹Allocations are subject to change. Source: BlackRock
as of 28.Jun.2024

% of Market Value

Type Fund
as of 28.Jun.2024

% of Market Value

Type Fund
Allocations subject to change.
as of 28.Jun.2024

% of Market Value

Type Fund
as of 28.Jun.2024

% of Market Value

Type Fund
as of 28.Jun.2024

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class S4 Hedged EUR 9,38 0,00 0,00 18.Jul.2024 9,38 8,69 LU1992161049
Class D2 Hedged PLN 19,08 0,01 0,05 18.Jul.2024 19,08 17,45 LU0827879684
Class A2 Hedged EUR 9,96 0,00 0,00 18.Jul.2024 9,96 9,27 LU0278453476
Class I2 Hedged JPY 1 067,00 1,00 0,09 18.Jul.2024 1 073,00 1 018,00 LU1005243172
Class I5 Hedged JPY 828,00 0,00 0,00 18.Jul.2024 851,00 812,00 LU1791183194
Class A2 Hedged PLN 17,99 0,01 0,06 18.Jul.2024 17,99 16,52 LU0480534915
Class X2 Hedged SEK 11,42 0,01 0,09 18.Jul.2024 11,42 10,54 LU1153584724
Class I2 Hedged EUR 11,24 0,00 0,00 18.Jul.2024 11,24 10,40 LU0368231436
Class D4 Hedged EUR 8,71 0,01 0,11 18.Jul.2024 8,71 8,07 LU1340096590
Class D4 EUR 12,59 0,04 0,32 18.Jul.2024 12,73 11,78 LU1085283973
Class A2 USD 15,97 0,01 0,06 18.Jul.2024 15,97 14,66 LU0278466700
Class A5 USD 10,02 0,01 0,10 18.Jul.2024 10,02 9,40 LU0280465617
Class I3 Hedged CAD 9,37 0,00 0,00 18.Jul.2024 9,37 8,84 LU1234671672
Class D4 Hedged CAD 9,74 0,00 0,00 18.Jul.2024 9,74 8,96 LU1270847186
Class D5 USD 10,53 0,01 0,10 18.Jul.2024 10,53 9,87 LU0737136415
Class A5 Hedged SGD 13,86 0,01 0,07 18.Jul.2024 13,92 13,18 LU0280468637
Class I2 Hedged CHF 11,29 0,00 0,00 18.Jul.2024 11,29 10,64 LU1270847004
Class A5 Hedged EUR 6,23 0,01 0,16 18.Jul.2024 6,25 5,92 LU0280467159
Class A3G USD 10,32 0,01 0,10 18.Jul.2024 10,34 9,77 LU2621334601
Class A2 Hedged SGD 22,13 0,01 0,05 18.Jul.2024 22,13 20,59 LU0278465488
Class D2 Hedged EUR 10,83 0,01 0,09 18.Jul.2024 10,83 10,03 LU0278456651
Class D5 Hedged EUR 6,24 0,00 0,00 18.Jul.2024 6,26 5,93 LU0827879841
Class I2 Hedged AUD 11,13 0,00 0,00 18.Jul.2024 11,13 10,27 LU1786038098
Class X2 Hedged CHF 11,92 0,01 0,08 18.Jul.2024 11,92 11,19 LU1263143379
Class A2 Hedged JPY 994,00 0,00 0,00 18.Jul.2024 1 004,00 954,00 LU1005243099
Class A2 Hedged GBP 11,00 0,01 0,09 18.Jul.2024 11,00 10,13 LU1181257202
Class S2 Hedged EUR 10,47 0,00 0,00 18.Jul.2024 10,47 9,70 LU1992159654
Class X2 Hedged GBP 12,50 0,01 0,08 18.Jul.2024 12,50 11,39 LU0278465058
Class D2 Hedged SGD 23,45 0,01 0,04 18.Jul.2024 23,45 21,75 LU0827879767
Class D2 Hedged GBP 12,19 0,01 0,08 18.Jul.2024 12,19 11,19 LU0278463947
Class A6 USD 11,27 0,01 0,09 18.Jul.2024 11,29 10,67 LU1051767835
Class I5 JPY 1 535,00 3,00 0,20 18.Jul.2024 1 573,00 1 309,00 LU1926936912
Class D2 USD 16,91 0,01 0,06 18.Jul.2024 16,91 15,47 LU0278469043
Class A1 EUR 9,17 0,02 0,22 18.Jul.2024 9,31 8,60 LU1005244220
Class A8 Hedged CNH 88,40 0,04 0,05 18.Jul.2024 88,52 83,67 LU1165523371
Class S5 USD 10,08 0,00 0,00 18.Jul.2024 10,08 9,46 LU1992159068
Class X3 Hedged EUR 8,31 0,01 0,12 18.Jul.2024 8,40 7,96 LU1003077317
Class A3 USD 10,02 0,01 0,10 18.Jul.2024 10,02 9,40 LU1003076939
Class X2 USD 13,49 0,01 0,07 18.Jul.2024 13,49 12,28 LU0278469985
Class D5 Hedged CHF 8,13 0,00 0,00 18.Jul.2024 8,27 7,87 LU1681056062
Class A3 EUR 9,18 0,02 0,22 18.Jul.2024 9,31 8,60 LU1005243339
Class I2 USD 13,55 0,01 0,07 18.Jul.2024 13,55 12,38 LU0986736956
Class I2 Hedged GBP 12,39 0,01 0,08 18.Jul.2024 12,39 11,36 LU0999670564
Class D2 EUR 15,50 0,05 0,32 18.Jul.2024 15,67 14,05 LU1005243503
Class A2 EUR 14,63 0,04 0,27 18.Jul.2024 14,80 13,33 LU1005243255
Class S2 Hedged CHF 10,03 0,00 0,00 18.Jul.2024 10,03 9,46 LU1992159902
Class X10 USD 10,06 0,01 0,10 18.Jul.2024 10,08 9,83 LU2736587853
Class X3 USD 10,03 0,01 0,10 18.Jul.2024 10,03 9,42 LU1003077234
Class D4 Hedged GBP 4,62 0,01 0,22 18.Jul.2024 4,62 4,24 LU1294567364
Class A4 Hedged EUR 8,68 0,01 0,12 18.Jul.2024 8,68 8,07 LU0973708182
Class A1 USD 10,01 0,00 0,00 18.Jul.2024 10,01 9,40 LU1003076855
Class X10 Hedged SGD 9,99 0,00 0,00 18.Jul.2024 10,05 9,78 LU2728923694
Class I5 GBP Hedged GBP 9,55 0,00 0,00 18.Jul.2024 9,55 8,99 LU1877503935
Class X2 Hedged SGD 10,25 0,01 0,10 18.Jul.2024 10,25 9,93 LU2728923777
Class X3 Hedged SGD 10,05 0,01 0,10 18.Jul.2024 10,05 9,82 LU2728923850
Class A10 USD 10,17 0,01 0,10 18.Jul.2024 10,35 9,97 LU2708802827
Class D2 Hedged CHF 10,51 0,00 0,00 18.Jul.2024 10,51 9,92 LU0972027022
Class X2 Hedged AUD 13,42 0,01 0,07 18.Jul.2024 13,42 12,34 LU1093512371
Class X2 Hedged CAD 12,71 0,01 0,08 18.Jul.2024 12,71 11,63 LU1214678283
Class A6 Hedged HKD 82,50 0,04 0,05 18.Jul.2024 83,28 78,80 LU1051769021
Class A4 USD 10,11 0,01 0,10 18.Jul.2024 10,11 9,28 LU1153584997
Class S2 USD 11,54 0,00 0,00 18.Jul.2024 11,54 10,55 LU1992160157
Class X3 Hedged AUD 9,99 0,01 0,10 18.Jul.2024 10,01 9,46 LU1003077820
Class X5 Hedged EUR 8,54 0,00 0,00 18.Jul.2024 8,59 8,12 LU1685502194
Class I5 Hedged EUR 8,27 0,01 0,12 18.Jul.2024 8,30 7,85 LU1129992308
Class I5 USD 9,80 0,00 0,00 18.Jul.2024 9,80 9,19 LU1083819141
Class X2 Hedged EUR 12,10 0,01 0,08 18.Jul.2024 12,10 11,17 LU0278456909
Class A8 Hedged AUD 8,50 0,01 0,12 18.Jul.2024 8,50 8,04 LU1165522480
Class A2 Hedged SEK 102,51 0,05 0,05 18.Jul.2024 102,51 95,52 LU1121320748
Class I2 Hedged CAD 12,36 0,00 0,00 18.Jul.2024 12,36 11,36 LU1136394076
Class X5 Hedged GBP 9,03 0,00 0,00 18.Jul.2024 9,04 8,50 LU1165522217
Class A2 Hedged CHF 9,56 0,00 0,00 18.Jul.2024 9,57 9,06 LU1121327164

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 EUR 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
8 570 EUR
-14,3%
7 460 EUR
-9,3%

Unfavourable

What you might get back after costs
Average return each year
9 060 EUR
-9,4%
9 110 EUR
-3,1%

Moderate

What you might get back after costs
Average return each year
10 040 EUR
0,4%
9 940 EUR
-0,2%

Favourable

What you might get back after costs
Average return each year
11 200 EUR
12,0%
10 800 EUR
2,6%

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.