Fixed Income

BlackRock Fixed Income Global Opportunities Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

On 19 March the transition of the BlackRock Global Bond Fund took effect and was re-named and re-positioned as the BlackRock Fixed Income Global Opportunities Fund. As of this date the performance of Fund will no longer be measured against a benchmark.


The value of your investment and the income from it will vary and your initial investment amount is not guaranteed.



The Fund may make distributions from capital as well as income or pursue certain investment strategies in order to generate or increase income. This can reduce capital and the potential for long-term capital growth. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to make interest payments or repay the capital as intended (known as a "default"). Companies which issue higher yield bonds typically have an increased risk of defaulting on repayments. The Fund may invest in structured credit products asset backed securities ('ABS').

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

These securities have similar characteristics to bonds issued by companies but usually carry greater risk of default. ABS may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.

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Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014
From
31-Dec-2014
To
31-Dec-2015
From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 31-Dec-18

5.75 1.25 1.53 2.58 -2.65
  1y 3y 5y 10y Incept.
-2.55 1.02 1.55 1.34 3.12
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.85 0.85 -0.32 -2.55 3.10 7.98 14.29 136.70

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in GBP, hedged fund benchmark performance is displayed in GBP.

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

During this period the performance of the BlackRock Fixed Income Global Opportunities Fund was achieved under circumstances that no longer apply. The Fund was previously known as BlackRock Global Bond Fund. On 19 March 2015, the Fund adopted its present name and in addition changed its investment objective and policy.


Source: Performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. Performance is shown net of fees. Past performance is not a guide to future performance.


Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table

Key Facts

Key Facts

Size of Fund (Millions) as of 22-Feb-19 GBP 71.933
Price Yield as of 24-Jan-18 1.85
Base Currency British Pound
Fund Launch Date 04-Jan-91
Share Class launch date 04-Jan-91
Asset Class Fixed Income
Investment Association Category £ Strategic Bond
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
ISIN GB0005849681
Bloomberg Ticker MRCGLBI
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 0584968
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 500
Minimum Subsequent Investment GBP 50
Use of Income Distributing

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 19-Mar-18)

Holdings

Holdings

as of 31-Jan-19
Name Weight (%)
TREASURY NOTE 2.625 06/30/2023 6.49
TREASURY (CPI) NOTE 0.125 04/15/2020 3.47
UK CONV GILT RegS 4.5 03/07/2019 3.05
UK CONV GILT RegS 1.75 07/22/2019 1.99
JAPAN (GOVERNMENT OF) 10YR #22 0.1 03/10/2027 1.31
Name Weight (%)
TREASURY NOTE 2.875 05/31/2025 1.13
TREASURY NOTE (OTR) 3.125 11/15/2028 0.98
TREASURY (CPI) NOTE 0.125 04/15/2021 0.85
TREASURY BOND (OLD) 3 08/15/2048 0.75
GERMANY (FEDERAL REPUBLIC OF) RegS 0.25 08/15/2028 0.55
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-19

% of Market Value

Type Fund
as of 31-Jan-19

% of Market Value

Type Fund
as of 31-Jan-19

% of Market Value

Type Fund
Allocations subject to change.
as of 31-Jan-19

% of Market Value

Type Fund
as of 31-Jan-19

% of Market Value

Type Fund
as of 31-Jan-19

% 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

Investor Class Distribution Frequency Bid Price ISIN TIS
Class A Daily 1.56 GB0005849681 -
Class Z None 1.03 GB00BWC1JK77 -
Class X Daily 0.96 GB00BWC1JH49 -
Class X None 1.05 GB00BWC1JG32 -
Class Z Daily 0.97 GB00BX8ZXJ77 -
Class D None 3.63 GB00B8DCRV88 -
Class D Daily 1.56 GB00B80LD761 -
Class A None 3.54 GB0005849798 -

Portfolio Managers

Portfolio Managers

Andreas Doerrenhaus
Andreas Doerrenhaus
Bob Miller
Bob Miller
Rick Rieder
Rick Rieder

Literature

Literature