Fixed Income

BGF Fixed Income Global Opportunities Fund

Overview

Loading

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

Performance

Performance

Chart

Performance chart data not available for display.
View full chart

Distributions

Record Date Ex-Date Payable Date
View full table
  1y 3y 5y 10y Incept.
-3.68 -0.50 0.86 - 1.58
-8.49 -2.18 -0.17 - 1.02
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.45 -1.43 0.98 -0.75 -3.68 -1.48 4.36 - 15.54
-4.57 -6.35 -4.06 -5.72 -8.49 -6.41 -0.85 - 9.76
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

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 31-Mar-2023 USD 7,739,592,218
Share Class Inception Date 11-Dec-2013
Fund Inception 31-Jan-2007
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
Benchmark -
SFDR Classification Other
Initial Charge 5.00%
Management Fee (incl. Distribution Fee, if any) 1.00%
Performance Fee 0.00%
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Distribution Frequency Monthly
Use of Income Distributing
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 BGFIA1U
ISIN LU1003076855
SEDOL BH65TT9
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28-Feb-2023 2,798
Standard Deviation (3y) as of 28-Feb-2023 6.08%
Yield to Maturity as of 28-Feb-2023 5.85
Modified Duration as of 28-Feb-2023 2.87
Effective Duration as of 28-Feb-2023 2.43yrs
Weighted Avg Maturity as of 28-Feb-2023 6.40
WAL to Worst as of 28-Feb-2023 6.40
5Y Annualised Volatility as of 28-Feb-2023 4.83
Since Share Inception – Annualised Volatility as of 28-Feb-2023 3.72

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.

Holdings

Holdings

as of 28-Feb-2023
Name Weight (%)
TREASURY NOTE 1.25 11/30/2026 5.07
TREASURY NOTE 2.875 05/15/2032 4.52
UMBS 30YR TBA(REG A) 3.48
TREASURY BOND 2.875 05/15/2052 2.80
FHLMC 30YR UMBS 1.98
Name Weight (%)
TREASURY (CPI) NOTE 0.625 01/15/2024 1.72
TREASURY (CPI) NOTE 0.5 04/15/2024 1.56
FNMA 30YR UMBS SUPER 1.39
FNMA 30YR 1.31
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.30

Exposure Breakdowns

Exposure Breakdowns

as of 28-Feb-2023

% of Weight

Type Fund
as of 28-Feb-2023

% of Weight

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 28-Feb-2023

% of Weight

Type Fund
as of 28-Feb-2023

% of Weight

Type Fund
as of 28-Feb-2023

% of Weight

Type Fund
as of 28-Feb-2023

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
A1 USD Monthly 9.63 0.01 0.10 31-Mar-2023 10.12 9.44 LU1003076855 -
A5 Hedged SGD Quarterly 13.62 0.02 0.15 31-Mar-2023 14.38 13.40 LU0280468637 -
A2 Hedged PLN N/A 16.52 0.03 0.18 31-Mar-2023 16.71 15.77 LU0480534915 -
A2 USD N/A 14.78 0.02 0.14 31-Mar-2023 15.17 14.29 LU0278466700 -
D2 Hedged EUR N/A 10.20 0.01 0.10 31-Mar-2023 10.70 9.98 LU0278456651 -
D4 Hedged EUR Annually 8.49 0.01 0.12 31-Mar-2023 9.08 8.30 LU1340096590 -
D5 USD Quarterly 10.11 0.02 0.20 31-Mar-2023 10.61 9.91 LU0737136415 -
A2 Hedged EUR N/A 9.45 0.01 0.11 31-Mar-2023 9.96 9.26 LU0278453476 -
D4 EUR Annually 12.00 0.05 0.42 31-Mar-2023 13.45 11.95 LU1085283973 -
A2 Hedged JPY N/A 993.00 1.00 0.10 31-Mar-2023 1,057.00 982.00 LU1005243099 -
A2 Hedged SGD N/A 20.95 0.03 0.14 31-Mar-2023 21.63 20.34 LU0278465488 -
D2 Hedged PLN N/A 17.41 0.03 0.17 31-Mar-2023 17.60 16.58 LU0827879684 -
D4 Hedged CAD Annually 9.36 0.02 0.21 31-Mar-2023 9.77 9.05 LU1270847186 -
A5 USD Quarterly 9.62 0.01 0.10 31-Mar-2023 10.10 9.43 LU0280465617 -
D2 Hedged GBP N/A 11.29 0.01 0.09 31-Mar-2023 11.66 10.96 LU0278463947 -
A6 USD Monthly 10.97 -0.01 -0.09 31-Mar-2023 11.59 10.77 LU1051767835 -
D5 Hedged CHF Quarterly 8.25 0.01 0.12 31-Mar-2023 8.95 8.22 LU1681056062 -
A2 Hedged GBP N/A 10.26 0.02 0.20 31-Mar-2023 10.64 9.98 LU1181257202 -
A8 Hedged CNH Monthly 86.52 -0.03 -0.03 31-Mar-2023 93.29 85.96 LU1165523371 -
D2 Hedged SGD N/A 22.07 0.04 0.18 31-Mar-2023 22.67 21.38 LU0827879767 -
A3 USD Monthly 9.62 -0.02 -0.21 31-Mar-2023 10.11 9.44 LU1003076939 -
A1 EUR Monthly 8.84 0.03 0.34 31-Mar-2023 9.94 8.81 LU1005244220 -
A2 EUR N/A 13.57 0.05 0.37 31-Mar-2023 15.03 13.52 LU1005243255 -
A3 EUR Monthly 8.83 0.00 0.00 31-Mar-2023 9.94 8.83 LU1005243339 -
D2 EUR N/A 14.28 0.06 0.42 31-Mar-2023 15.77 14.22 LU1005243503 -
D5 Hedged EUR Quarterly 6.14 0.01 0.16 31-Mar-2023 6.62 6.10 LU0827879841 -
A6 Hedged HKD Monthly 81.60 -0.09 -0.11 31-Mar-2023 87.21 80.53 LU1051769021 -
A4 Hedged EUR Annually 8.48 0.02 0.24 31-Mar-2023 9.06 8.31 LU0973708182 -
A2 Hedged SEK N/A 97.44 0.15 0.15 31-Mar-2023 102.22 95.34 LU1121320748 -
A8 Hedged AUD Monthly 8.28 0.00 0.00 31-Mar-2023 8.82 8.16 LU1165522480 -
D2 USD N/A 15.55 0.02 0.13 31-Mar-2023 15.88 15.01 LU0278469043 -
A2 Hedged CHF N/A 9.35 0.02 0.21 31-Mar-2023 9.92 9.21 LU1121327164 -
D2 Hedged CHF N/A 10.21 0.02 0.20 31-Mar-2023 10.78 10.04 LU0972027022 -
D4 Hedged GBP Annually 4.42 0.00 0.00 31-Mar-2023 4.66 4.30 LU1294567364 -
A4 USD Annually 9.63 0.02 0.21 31-Mar-2023 10.02 9.31 LU1153584997 -
A5 Hedged EUR Quarterly 6.13 0.01 0.16 31-Mar-2023 6.61 6.09 LU0280467159 -

Ratings

Ratings

Morningstar Rating

3 stars
As of 28-Feb-2023

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Effective 14-Feb-2023

Portfolio Managers

Portfolio Managers

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

  

Aidan Doyle, CFA
Managing Director, Portfolio Manager

  

Documents

Documents