Fixed Income

BGF Fixed Income Global Opportunities Fund

Overview

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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

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Distributions

Record Date Ex-Date Payable Date
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  1y 3y 5y 10y Incept.
8.23 3.93 4.46 - 5.56
2.82 2.17 3.39 - 4.91
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.78 -1.38 -0.72 1.99 8.23 12.27 24.36 - 56.76
0.49 -6.31 -5.69 -3.11 2.82 6.66 18.14 - 48.93
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.

Key Facts

Key Facts

Net Assets of Fund as of 29-Nov-2022 USD 7,890,036,890
Share Class Inception Date 09-Jul-2014
Fund Inception 31-Jan-2007
Share Class Currency EUR
Fund Base Currency USD
Asset Class Fixed Income
Benchmark -
SFDR Classification Other
Initial Charge 5.00%
Management Fee (incl. Distribution Fee, if any) 0.50%
Performance Fee 0.00%
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment EUR 1000
Distribution Frequency Annually
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 BGFID4E
ISIN LU1085283973
SEDOL BP25SR0
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Oct-2022 2,892
Standard Deviation (3y) as of 31-Oct-2022 7.75%
Yield to Maturity as of 31-Oct-2022 5.88
Modified Duration as of 31-Oct-2022 2.90
Effective Duration as of 31-Oct-2022 2.54yrs
Weighted Avg Maturity as of 31-Oct-2022 6.13
WAL to Worst as of 31-Oct-2022 6.13
5Y Annualised Volatility as of 31-Oct-2022 6.83
Since Share Inception – Annualised Volatility as of 31-Oct-2022 7.47

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 31-Oct-2022
Name Weight (%)
TREASURY NOTE 1.25 11/30/2026 8.78
TREASURY NOTE 2.875 05/15/2032 6.25
TREASURY BOND 2.875 05/15/2052 2.65
TREASURY (CPI) NOTE 0.625 01/15/2024 2.41
TREASURY (CPI) NOTE 0.5 04/15/2024 2.12
Name Weight (%)
GNMA2 30YR TBA(REG C) 1.88
FHLMC 30YR UMBS 1.81
FNMA 30YR 2019 PRODUCTION 1.81
FNMA 30YR 2018 PRODUCTION 1.77
TREASURY NOTE 2.625 05/31/2027 1.32

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-2022

% of Weight

Type Fund
as of 31-Oct-2022

% 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 31-Oct-2022

% of Weight

Type Fund
as of 31-Oct-2022

% of Weight

Type Fund
as of 31-Oct-2022

% of Weight

Type Fund
as of 31-Oct-2022

% 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
D4 EUR Annually 12.44 0.08 0.65 29-Nov-2022 13.45 12.10 LU1085283973 -
A2 Hedged SGD N/A 20.73 -0.03 -0.14 29-Nov-2022 22.37 20.34 LU0278465488 -
A2 USD N/A 14.58 -0.02 -0.14 29-Nov-2022 15.68 14.29 LU0278466700 -
A5 Hedged SGD Quarterly 13.66 -0.02 -0.15 29-Nov-2022 14.94 13.40 LU0280468637 -
A2 Hedged PLN N/A 16.09 -0.06 -0.37 29-Nov-2022 16.82 15.77 LU0480534915 -
D2 Hedged PLN N/A 16.93 -0.06 -0.35 29-Nov-2022 17.61 16.58 LU0827879684 -
D4 Hedged CAD Annually 9.23 -0.01 -0.11 29-Nov-2022 10.09 9.05 LU1270847186 -
D5 Hedged EUR Quarterly 6.21 0.00 0.00 29-Nov-2022 6.91 6.10 LU0827879841 -
D2 USD N/A 15.31 -0.02 -0.13 29-Nov-2022 16.40 15.01 LU0278469043 -
D2 Hedged GBP N/A 11.17 -0.01 -0.09 29-Nov-2022 12.04 10.96 LU0278463947 -
D2 Hedged SGD N/A 21.80 -0.03 -0.14 29-Nov-2022 23.41 21.38 LU0827879767 -
A2 Hedged GBP N/A 10.16 -0.01 -0.10 29-Nov-2022 11.00 9.98 LU1181257202 -
A1 EUR Monthly 9.28 0.06 0.65 29-Nov-2022 9.94 9.02 LU1005244220 -
A8 Hedged CNH Monthly 87.22 -0.12 -0.14 29-Nov-2022 97.46 85.96 LU1165523371 -
A1 USD Monthly 9.60 -0.02 -0.21 29-Nov-2022 10.49 9.44 LU1003076855 -
A5 USD Quarterly 9.62 -0.01 -0.10 29-Nov-2022 10.49 9.43 LU0280465617 -
D4 Hedged GBP Annually 4.38 0.00 0.00 29-Nov-2022 4.81 4.30 LU1294567364 -
D2 EUR N/A 14.80 0.10 0.68 29-Nov-2022 15.77 14.12 LU1005243503 -
A4 Hedged EUR Annually 8.45 -0.01 -0.12 29-Nov-2022 9.40 8.31 LU0973708182 -
D2 Hedged EUR N/A 10.15 -0.01 -0.10 29-Nov-2022 11.08 9.98 LU0278456651 -
A6 Hedged HKD Monthly 81.79 -0.13 -0.16 29-Nov-2022 91.07 80.53 LU1051769021 -
A2 Hedged CHF N/A 9.36 -0.01 -0.11 29-Nov-2022 10.29 9.21 LU1121327164 -
A8 Hedged AUD Monthly 8.30 -0.01 -0.12 29-Nov-2022 9.21 8.16 LU1165522480 -
A2 Hedged SEK N/A 96.98 -0.09 -0.09 29-Nov-2022 105.94 95.34 LU1121320748 -
D2 Hedged CHF N/A 10.21 -0.01 -0.10 29-Nov-2022 11.17 10.04 LU0972027022 -
A4 USD Annually 9.49 -0.02 -0.21 29-Nov-2022 10.36 9.31 LU1153584997 -
A2 EUR N/A 14.09 0.09 0.64 29-Nov-2022 15.03 13.50 LU1005243255 -
A3 EUR Monthly 9.29 0.06 0.65 29-Nov-2022 9.94 9.01 LU1005243339 -
D5 Hedged CHF Quarterly 8.38 -0.01 -0.12 29-Nov-2022 9.35 8.25 LU1681056062 -
A3 USD Monthly 9.61 -0.01 -0.10 29-Nov-2022 10.48 9.44 LU1003076939 -
A2 Hedged EUR N/A 9.42 -0.01 -0.11 29-Nov-2022 10.34 9.26 LU0278453476 -
A6 USD Monthly 10.96 -0.01 -0.09 29-Nov-2022 12.10 10.77 LU1051767835 -
D4 Hedged EUR Annually 8.45 -0.01 -0.12 29-Nov-2022 9.40 8.30 LU1340096590 -
A2 Hedged JPY N/A 998.00 -1.00 -0.10 29-Nov-2022 1,094.00 982.00 LU1005243099 -
A5 Hedged EUR Quarterly 6.19 -0.01 -0.16 29-Nov-2022 6.89 6.09 LU0280467159 -
D5 USD Quarterly 10.11 -0.02 -0.20 29-Nov-2022 11.03 9.91 LU0737136415 -

Ratings

Ratings

Morningstar Rating

4 stars
As of 31-Oct-2022

Morningstar Analyst Rating

Morningstar Analyst Rating - Gold
Effective 15-Mar-2022

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Russell Brownback
Russell Brownback
Aidan Doyle
Aidan Doyle
Bob Miller
Bob Miller

Documents

Documents