Overview
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held. Certain developing countries are especially large debtors to commercial banks and foreign governments. Investment in debt obligations (sovereign debt) issued or guaranteed by developing governments or their agencies involve a high degree of risk.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
To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.
Performance
Performance
Chart
Distributions
| Ex-Date | Total Distribution |
|---|
-
Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 13.1 | 1.4 | 3.1 | -0.1 | 0.8 | 6.6 | 4.8 | -3.7 | -18.5 | 6.7 |
| Benchmark (%) | 13.2 | 1.7 | 3.2 | 0.2 | 0.9 | 6.7 | 5.0 | -3.5 | -18.5 | 7.2 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
| From 30-Sept-2019 To 30-Sept-2020 |
From 30-Sept-2020 To 30-Sept-2021 |
From 30-Sept-2021 To 30-Sept-2022 |
From 30-Sept-2022 To 30-Sept-2023 |
From 30-Sept-2023 To 30-Sept-2024 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of 30/Sept/2024 |
0.56 | -2.14 | -16.97 | -2.66 | 9.08 |
|
Benchmark (%)
as of 30/Sept/2024 |
0.66 | -1.82 | -17.13 | -2.22 | 9.28 |
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 6.89 | -4.17 | -2.17 | 0.26 | 1.50 |
| Benchmark (%) | 7.01 | -3.92 | -1.99 | 0.44 | 1.65 |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 2.99 | 2.57 | 2.51 | 5.33 | 6.89 | -11.99 | -10.39 | 2.64 | 19.74 |
| Benchmark (%) | 3.31 | 2.31 | 2.61 | 5.56 | 7.01 | -11.29 | -9.56 | 4.50 | 21.86 |
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 EUR, hedged share class benchmark performance is displayed in EUR.
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
Portfolio Characteristics
Portfolio Characteristics
Risk Indicator
Risk Indicator
Ratings
Ratings
Morningstar Medalist Rating
Holdings
Holdings
| Name | Weight (%) |
|---|---|
| FRANCE (REPUBLIC OF) 2.5 05/25/2030 | 0.90 |
| FRANCE (REPUBLIC OF) 2.75 10/25/2027 | 0.87 |
| FRANCE (REPUBLIC OF) 0.75 05/25/2028 | 0.84 |
| FRANCE (REPUBLIC OF) 1.5 05/25/2031 | 0.84 |
| FRANCE (REPUBLIC OF) 0.75 11/25/2028 | 0.76 |
| Name | Weight (%) |
|---|---|
| FRANCE (REPUBLIC OF) 2.75 02/25/2029 | 0.73 |
| FRANCE (REPUBLIC OF) 1.25 05/25/2034 | 0.73 |
| FRANCE (REPUBLIC OF) 0.5 05/25/2029 | 0.72 |
| FRANCE (REPUBLIC OF) 0 11/25/2031 | 0.70 |
| FRANCE (REPUBLIC OF) 3.5 11/25/2033 | 0.70 |
Exposure Breakdowns
Exposure Breakdowns
Pricing & Exchange
Pricing & Exchange
| Investor Class | Currency | Distribution Frequency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
|---|---|---|---|---|---|---|---|---|---|
| Class N7 | EUR | Semi-Annual | 104.48 | -0.38 | -0.36 | 13/Dec/2024 | 105.53 | 100.26 | LU0852473791 |
| Class A2 | EUR | None | 115.08 | -0.42 | -0.36 | 13/Dec/2024 | 116.25 | 109.55 | LU0836513266 |
| Class X2 | EUR | None | 122.01 | -0.45 | -0.37 | 13/Dec/2024 | 123.23 | 115.80 | LU0826454976 |
| Class D2 | EUR | None | 116.55 | -0.43 | -0.37 | 13/Dec/2024 | 117.72 | 110.70 | LU0839964631 |
| Class N2 | EUR | None | 119.77 | -0.44 | -0.37 | 13/Dec/2024 | 120.97 | 113.77 | LU0839963237 |
| Class F2 | EUR | None | 119.34 | -0.43 | -0.36 | 13/Dec/2024 | 120.54 | 113.39 | LU0836516103 |
