Fixed Income

BIBF Index Linked Fund

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 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.Fixed income securities issued by governments can be affected by the perceived stability of the country concerned and proposed or actual credit rating downgrades.

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

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Performance

Performance

Chart

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Distributions

Ex-Date Total Distribution
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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 (%) 20.8 -0.9 27.1 2.5 -1.2 6.3 13.1 3.7 -38.7 -0.1
Target Benchmark 1 (%) 21.4 -1.2 27.4 2.5 -0.4 6.8 12.4 4.2 -38.0 0.2

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
4.99 -17.25 -8.10 -0.18 -
Target Benchmark 1 (%) 5.67 -16.37 -8.03 0.07 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-6.12 -2.54 -2.38 0.51 4.99 -43.33 -34.45 -1.77 -
Target Benchmark 1 (%) -6.07 -2.45 -3.10 0.90 5.67 -41.50 -34.21 0.69 -
  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

1.89 -1.15 -34.66 -11.10 6.49
Target Benchmark 1 (%)

as of 30/Sept/2024

0.42 0.24 -29.29 -16.21 6.43

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 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

Key Facts

Key Facts

Net Assets of Fund
as of 14/Nov/2024
GBP 29,621,812
Fund Launch Date
15/Oct/1997
Fund Base Currency
GBP
Target Benchmark 1
FTSE Actuaries UK Index-Linked Gilts over 5 Years Index
Initial Charge
0.00%
Management Fee
0.35%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRIXLBI
Ongoing Charges Figure ex. Discount
0.46%
Share Class launch date
15/Oct/1997
Share Class Currency
GBP
Asset Class
Fixed Income
Investment Association Category
-
Ongoing Charges Figures
0.46%
ISIN
GB0094232997
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
9423299
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
28
Standard Deviation (3y)
as of 31/Oct/2024
18.27%
Yield to Maturity
as of 31/Oct/2024
4.64
Weighted Average YTM
as of 31/Oct/2024
1.18%
Weighted Avg Maturity
as of 31/Oct/2024
19.23
12 Month Trailing Dividend Distribution Yield
as of 31/Oct/2024
2.55
3y Beta
as of 31/Oct/2024
0.957
Modified Duration
as of 31/Oct/2024
17.90
Effective Duration
as of 31/Oct/2024
17.90
WAL to Worst
as of 31/Oct/2024
19.23

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
UK I/L GILT 1.125 11/22/2037 7.12
UK I/L GILT 1.25 11/22/2032 6.18
UK I/L GILT 0.75 03/22/2034 6.10
UK I/L GILT 0.625 03/22/2040 5.35
UK I/L GILT 0.625 11/22/2042 4.65
Name Weight (%)
UK I/L GILT 0.75 11/22/2047 4.55
UK I/L GILT 0.125 03/22/2044 4.48
UK I/L GILT 1.25 11/22/2055 4.46
UK I/L GILT 0.125 11/22/2036 4.20
UK I/L GILT 0.125 08/10/2031 4.07
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
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

Pricing & Exchange

Investor Class Currency Bid Price Offer Price ISIN
Class B GBP 2.01 2.02 GB0094232997
Class A GBP 0.70 0.70 GB009A1WJYA1
Class A GBP 2.01 2.02 GB0094232880
Class B GBP 1.09 1.10 GB009A1WJYJ2

Portfolio Managers

Portfolio Managers

Simon Blundell

Managing Director, is Head of the Fundamental Sterling Team within BlackRock's Global Fixed Income (GFI) Group.

Literature

Literature