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

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
6.01 3.31 2.86 - 2.47
0.71 1.56 1.81 - 1.57
  YTD 6m 1y 3y 5y 10y Incept.
0.61 0.61 6.01 10.26 15.15 - 15.15
-4.42 -4.42 0.71 4.75 9.39 - 9.39
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.

Key Facts

Key Facts

Size of Fund (Millions) as of 23-Jul-2021 USD 10,759.648
Base Currency U.S. Dollar
Fund Inception 31-Jan-2007
Share Class Currency British Pound
Share Class Inception Date 23-Sep-2015
Additional Currencies Australian Dollar, Canadian Dollar, Euro, Hong Kong Dollar, Japanese Yen, Polish Zloty, Singapore Dollar, Swedish Krona, Swiss Franc, U.S. Dollar
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - GBP Hedged
Distribution Frequency Annually
ISIN LU1294567364
Bloomberg Ticker BGFID4G
Management Fee (incl. Distribution Fee, if any) 0.50%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 30-Jun-2021 2.26
Modified Duration as of 30-Jun-2021 2.19
Effective Duration as of 30-Jun-2021 1.42yrs
3y Volatility as of 30-Jun-2021 5.55
5yr Volatility as of 30-Jun-2021 4.41
Since Share Inception – Volatility as of 30-Jun-2021 4.20
Since Share Inception - Beta as of - -

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 30-Jun-2021 0.02%
MSCI - UN Global Compact Violators as of 30-Jun-2021 0.77%
MSCI - Nuclear Weapons as of 30-Jun-2021 0.02%
MSCI - Thermal Coal as of 30-Jun-2021 0.00%
MSCI - Civilian Firearms as of 30-Jun-2021 0.02%
MSCI - Oil Sands as of 30-Jun-2021 0.00%
MSCI - Tobacco as of 30-Jun-2021 0.17%

Business Involvement Coverage as of 30-Jun-2021 20.82%
Percentage of Fund not covered as of 30-Jun-2021 80.41%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.14% and for Oil Sands 0.43%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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 30-Jun-2021
Name Weight (%)
FNMA 30YR 2018 PRODUCTION 9.04
GNMA2 30YR TBA(REG C) 7.62
TREASURY (CPI) NOTE 0.125 04/15/2026 1.63
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 1.06
TREASURY NOTE 1.5 08/31/2021 1.05
Name Weight (%)
TREASURY (CPI) NOTE 0.5 04/15/2024 1.00
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.85 06/04/2027 0.90
TREASURY NOTE 1.5 09/30/2021 0.88
ITALY (REPUBLIC OF) 2.45 09/01/2050 0.74
CHINA DEVELOPMENT BANK 2.89 06/22/2025 0.65

Exposure Breakdowns

Exposure Breakdowns

as of 30-Jun-2021

% of Weight

Type Fund
as of 30-Jun-2021

% of Weight

Type Fund
as of 30-Jun-2021

% 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%

Ratings

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Gold
Effective 31-Mar-2021

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
D4 Hedged GBP Annually 4.92 0.01 0.20 23-Jul-2021 LU1294567364
D2 USD N/A 16.42 0.01 0.06 23-Jul-2021 LU0278469043
D5 USD Quarterly 11.11 0.01 0.09 23-Jul-2021 LU0737136415
D4 Hedged CAD Annually 10.32 0.01 0.10 23-Jul-2021 LU1270847186
D4 EUR Annually 12.20 0.07 0.58 23-Jul-2021 LU1085283973
D2 Hedged PLN N/A 17.61 0.01 0.06 23-Jul-2021 LU0827879684
A2 Hedged SGD N/A 22.45 0.02 0.09 23-Jul-2021 LU0278465488
D2 Hedged EUR N/A 11.14 0.01 0.09 23-Jul-2021 LU0278456651
D4 Hedged EUR Annually 9.64 0.00 0.00 23-Jul-2021 LU1340096590
A2 Hedged JPY N/A 1,100.00 1.00 0.09 23-Jul-2021 LU1005243099
A2 Hedged GBP N/A 11.05 0.00 0.00 23-Jul-2021 LU1181257202
D5 Hedged CHF Quarterly 9.45 0.01 0.11 23-Jul-2021 LU1681056062
A2 Hedged EUR N/A 10.41 0.01 0.10 23-Jul-2021 LU0278453476
A5 Hedged SGD Quarterly 15.05 0.01 0.07 23-Jul-2021 LU0280468637
A3 USD Monthly 10.57 0.01 0.09 23-Jul-2021 LU1003076939
D2 Hedged SGD N/A 23.45 0.02 0.09 23-Jul-2021 LU0827879767
A4 Hedged EUR Annually 9.61 0.01 0.10 23-Jul-2021 LU0973708182
A2 Hedged SEK N/A 106.51 0.08 0.08 23-Jul-2021 LU1121320748
A3 EUR Monthly 8.99 0.05 0.56 23-Jul-2021 LU1005243339
A1 EUR Monthly (Daily Calculation) 8.99 0.05 0.56 23-Jul-2021 LU1005244220
A4 USD Annually 10.55 0.01 0.09 23-Jul-2021 LU1153584997
A1 USD Monthly (Daily Calculation) 10.57 0.00 0.00 23-Jul-2021 LU1003076855
A2 Hedged PLN N/A 16.86 0.01 0.06 23-Jul-2021 LU0480534915
D2 Hedged GBP N/A 12.07 0.01 0.08 23-Jul-2021 LU0278463947
A2 Hedged CHF N/A 10.37 0.01 0.10 23-Jul-2021 LU1121327164
D5 Hedged EUR Quarterly 6.98 0.01 0.14 23-Jul-2021 LU0827879841
A5 Hedged EUR Quarterly 6.96 0.00 0.00 23-Jul-2021 LU0280467159
A6 USD Monthly 12.30 0.01 0.08 23-Jul-2021 LU1051767835
A2 EUR N/A 13.38 0.07 0.53 23-Jul-2021 LU1005243255
A2 USD N/A 15.74 0.02 0.13 23-Jul-2021 LU0278466700
D2 EUR N/A 13.96 0.07 0.50 23-Jul-2021 LU1005243503
A5 USD Quarterly 10.57 0.01 0.09 23-Jul-2021 LU0280465617
A6 Hedged HKD Monthly 92.65 0.08 0.09 23-Jul-2021 LU1051769021
D2 Hedged CHF N/A 11.23 0.01 0.09 23-Jul-2021 LU0972027022
A8 Hedged AUD Monthly 9.36 0.00 0.00 23-Jul-2021 LU1165522480

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Bob Miller
Bob Miller
Aidan Doyle
Aidan Doyle

Documents

Documents