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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Reinvestments

 
  1y 3y 5y 10y Incept.
4.05 -0.67 1.25 - 0.84
4.76 -0.06 2.23 2.01 2.66
-1.15 -2.36 0.22 - 0.27
-0.48 -1.76 1.19 1.49 2.35
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.09 0.09 5.79 4.05 4.05 -2.00 6.42 - 7.80
0.06 0.06 5.90 4.34 4.76 -0.19 11.65 22.03 56.20
-4.91 -4.91 0.50 -1.15 -1.15 -6.90 1.10 - 2.41
-4.94 -4.94 0.60 -0.88 -0.48 -5.18 6.07 15.93 48.39
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 GBP, 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 27-Feb-2024 USD 6,598,901,593
Share Class Inception Date 25-Feb-2015
Fund Inception 31-Jan-2007
Share Class Currency GBP
Fund Base Currency USD
Asset Class Fixed Income
Benchmark -
SFDR Classification Other
Initial Charge 5.00%
ISIN LU1181257202
Management Fee (incl. Distribution Fee, if any) 1.00%
Performance Fee 0.00%
Minimum Initial Investment GBP 5000
Minimum Subsequent Investment GBP 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Flexible Bond - GBP Hedged
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BFIGAGH
SEDOL BVXLRM7
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Jan-2024 2,957
Standard Deviation (3y) as of 31-Jan-2024 3.94%
Yield to Maturity as of 31-Jan-2024 5.49
Modified Duration as of 31-Jan-2024 4.13
Effective Duration as of 31-Jan-2024 3.32yrs
Weighted Avg Maturity as of 31-Jan-2024 7.80
WAL to Worst as of 31-Jan-2024 7.80
5Y Annualised Volatility as of 31-Jan-2024 5.23
Since Share Inception – Annualised Volatility as of 31-Jan-2024 4.07

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.

Holdings

Holdings

as of 31-Jan-2024
Name Weight (%)
UMBS 30YR TBA(REG A) 14.76
TREASURY NOTE 2.875 05/15/2032 5.25
UMBS 30YR TBA 3.32
TREASURY BOND 2.875 05/15/2052 3.04
FNMA 30YR UMBS SUPER 1.36
Name Weight (%)
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.26
FNMA 30YR UMBS 0.69
JAPAN (GOVERNMENT OF) 20YR #186 1.5 09/20/2043 0.59
TREASURY NOTE 1.125 02/15/2031 0.57
TREASURY (CPI) NOTE 1.625 10/15/2027 0.51

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-2024

% of Weight

Type Fund
as of 31-Jan-2024

% 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-Jan-2024

% of Weight

Type Fund
as of 31-Jan-2024

% of Weight

Type Fund
as of 31-Jan-2024

% of Weight

Type Fund
as of 31-Jan-2024

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 Hedged GBP 10.72 0.00 0.00 27-Feb-2024 10.79 10.13 LU1181257202
D2 Hedged EUR 10.58 -0.01 -0.09 27-Feb-2024 10.66 10.03 LU0278456651
A5 USD 9.90 0.00 0.00 27-Feb-2024 9.96 9.40 LU0280465617
A2 Hedged SGD 21.69 -0.01 -0.05 27-Feb-2024 21.86 20.59 LU0278465488
A2 USD 15.54 0.00 0.00 27-Feb-2024 15.64 14.66 LU0278466700
A5 Hedged SGD 13.79 -0.01 -0.07 27-Feb-2024 13.90 13.18 LU0280468637
A5 Hedged EUR 6.19 0.00 0.00 27-Feb-2024 6.24 5.92 LU0280467159
A2 Hedged PLN 17.49 -0.01 -0.06 27-Feb-2024 17.61 16.39 LU0480534915
A2 Hedged EUR 9.76 0.00 0.00 27-Feb-2024 9.84 9.27 LU0278453476
D4 Hedged EUR 8.51 0.00 0.00 27-Feb-2024 8.58 8.07 LU1340096590
D2 Hedged PLN 18.52 0.00 0.00 27-Feb-2024 18.64 17.27 LU0827879684
D5 USD 10.41 0.00 0.00 27-Feb-2024 10.47 9.87 LU0737136415
D4 Hedged CAD 9.49 0.00 0.00 27-Feb-2024 9.55 8.96 LU1270847186
A3G USD 10.22 -0.01 -0.10 27-Feb-2024 10.34 9.77 LU2621334601
D4 EUR 12.31 0.00 0.00 27-Feb-2024 12.44 11.78 LU1085283973
A2 Hedged JPY 989.00 -1.00 -0.10 27-Feb-2024 1,004.00 954.00 LU1005243099
D2 USD 16.42 -0.01 -0.06 27-Feb-2024 16.53 15.45 LU0278469043
D5 Hedged EUR 6.21 0.00 0.00 27-Feb-2024 6.26 5.93 LU0827879841
D5 Hedged CHF 8.17 -0.01 -0.12 27-Feb-2024 8.35 7.87 LU1681056062
A6 USD 11.16 0.00 0.00 27-Feb-2024 11.29 10.67 LU1051767835
D2 Hedged GBP 11.86 0.00 0.00 27-Feb-2024 11.94 11.19 LU0278463947
D2 Hedged SGD 22.94 -0.01 -0.04 27-Feb-2024 23.12 21.75 LU0827879767
A8 Hedged CNH 87.46 -0.04 -0.05 27-Feb-2024 88.52 83.67 LU1165523371
A1 EUR 9.10 0.00 0.00 27-Feb-2024 9.22 8.59 LU1005244220
A3 USD 9.88 0.00 0.00 27-Feb-2024 9.97 9.40 LU1003076939
A1 USD 9.87 0.00 0.00 27-Feb-2024 9.97 9.40 LU1003076855
A3 EUR 9.11 0.00 0.00 27-Feb-2024 9.21 8.59 LU1005243339
D4 Hedged GBP 4.49 0.00 0.00 27-Feb-2024 4.52 4.24 LU1294567364
A2 EUR 14.33 0.00 0.00 27-Feb-2024 14.49 13.31 LU1005243255
D2 EUR 15.15 0.00 0.00 27-Feb-2024 15.31 14.03 LU1005243503
A4 Hedged EUR 8.50 0.00 0.00 27-Feb-2024 8.57 8.07 LU0973708182
A6 Hedged HKD 82.12 -0.03 -0.04 27-Feb-2024 83.28 78.80 LU1051769021
D2 Hedged CHF 10.38 0.00 0.00 27-Feb-2024 10.49 9.92 LU0972027022
A2 Hedged CHF 9.46 0.00 0.00 27-Feb-2024 9.57 9.06 LU1121327164
A2 Hedged SEK 100.44 -0.05 -0.05 27-Feb-2024 101.32 95.52 LU1121320748
A4 USD 9.83 -0.01 -0.10 27-Feb-2024 9.90 9.28 LU1153584997
A8 Hedged AUD 8.40 -0.01 -0.12 27-Feb-2024 8.50 8.04 LU1165522480

Ratings

Ratings

Morningstar Rating

3 stars
As of 31-Jan-2024

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Effective 13-Feb-2024

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

  

Documents

Documents