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Fixed Income

BIBF Over 10 Year Corporate Bond

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.

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. The Fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due.

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

  • Returns

  From
31-Mar-2014
To
31-Mar-2015
From
31-Mar-2015
To
31-Mar-2016
From
31-Mar-2016
To
31-Mar-2017
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 31-Mar-19

19.07 -0.92 13.97 1.62 4.92
Benchmark (%) Index: iBoxx Sterling non-Gilts 10+ Years Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 31-Mar-19

19.83 -0.61 13.51 1.71 5.20

The figures shown relate to past performance. Past performance is not a reliable indicator of current or 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 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

Chart

Performance chart data not available for display.
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Distributions

This product does not have any distributions data as of now.

Key Facts

Key Facts

Size of Fund (Millions) as of 21-Feb-20 GBP 398.262
Price Yield as of 24-Jan-18 2.76
Base Currency British Pound
Fund Launch Date 01-Oct-99
Share Class launch date 01-Oct-99
Asset Class Fixed Income
Benchmark Index iBoxx Sterling non-Gilts 10+ Years Index
Investment Association Category -
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
ISIN GB0099289679
Bloomberg Ticker BRO10BI
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 9928967
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 5000
Minimum Subsequent Investment GBP 100
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

Holdings

Holdings

as of 31-Jan-20
Name Weight (%)
TESCO PROPERTY RegS 1.81
AT&T INC 4.875 06/01/2044 1.52
ELECTRICITE DE FRANCE SA MTN RegS 6 01/23/2114 1.45
UK CONV GILT 4.5 12/07/2042 1.44
GE CAPITAL UK FUNDING MTN RegS 8 01/14/2039 1.36
Name Weight (%)
ENEL FINANCE INTERNATIONAL SA MTN RegS 5.75 09/14/2040 1.31
HSBC HOLDINGS PLC MTN RegS 6 03/29/2040 1.25
WELLS FARGO & COMPANY MTN RegS 2.125 09/24/2031 1.23
VERIZON COMMUNICATIONS INC 1.875 09/19/2030 1.21
THFC FUNDING NO 3 PLC MTN RegS 5.2 10/11/2043 1.20
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-20

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-20

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-20

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Jan-20

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-20

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-20

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN TIS
Class B GBP Daily 1.68 0.01 0.78 1.68 1.45 1.67 GB0099289679 -
Class A GBP None 1.47 0.01 0.76 1.47 1.23 1.45 GB009A1WJYN4 -
Class B GBP None 1.18 0.01 0.77 1.18 0.99 1.17 GB009A1WJY58 -
Class A GBP Daily 1.68 0.01 0.78 1.68 1.45 1.66 GB0099289687 -

Portfolio Managers

Portfolio Managers

Simon Blundell

Managing Director, is Head of Sterling Bond Portfolios within BlackRock's Fundamental Fixed Income.

 

Prior to joining BlackRock in 2011, Mr. Blundell was Head of Institutional Credit Portfolio Management at Aviva Investors where he oversaw 9 billion in assets across Euro, Sterling, and Global credit and aggregate products. Prior to joining Aviva in 2009, Mr. Blundell spent 10 years at ABN AMRO Asset Management (later acquired by Fortis Investments where he stayed on for a year), most recently as Head of Credit. He previously held positions at HSBC Asset Management and Morgan Grenfell Asset Management.

Robert Ryan
Robert Ryan

Literature

Literature