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Fixed Income

BGF 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.

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 high yielding bonds. Companies who issue higher yield bonds typically have an increased risk of defaulting on repayments. In the event of default, the value of your investment may reduce. Economic conditions and interest rate levels may also impact significantly the values of high yield bonds. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. 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(s) may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.

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

as of 30-Sep-19

-0.76 0.57 2.56 -2.78 1.90
  1y 3y 5y 10y Incept.
1.90 0.54 0.28 - 1.14
  YTD 1m 3m 1y 3y 5y 10y Incept.
3.38 -0.19 0.09 1.90 1.61 1.42 - 7.00

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 CHF, hedged fund benchmark performance is displayed in USD.

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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Reinvestments

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

Key Facts

Key Facts

Size of Fund (Millions) as of 16-Oct-19 USD 9,768.424
Base Currency U.S. Dollar
Fund Launch Date 31-Jan-07
Share Class launch date 02-Oct-13
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - CHF Hedged
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0972027022
Bloomberg Ticker BGFID2C
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BCRXJK8
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment CHF 100000
Minimum Subsequent Investment CHF 1000
Use of Income Accumulating

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class D2 Hedged, as of 30-Sep-19 rated against 105 Global Flexible Bond - CHF Hedged Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 12-Mar-19)

Holdings

Holdings

as of 30-Sep-19
Name Weight (%)
UMBS 30YR TBA(REG A) 26.99
TREASURY (CPI) NOTE 0.5 04/15/2024 5.24
GNMA2 30YR TBA(REG C) 3.60
TREASURY NOTE 1.5 08/31/2021 1.54
ITALY (REPUBLIC OF) 1.75 07/01/2024 1.43
Name Weight (%)
INDIA (REPUBLIC OF) 7.17 01/08/2028 1.25
GNMA2 30YR 2019 PRODUCTION 0.95
INDONESIA (REPUBLIC OF) 8.25 05/15/2029 0.57
RUSSIAN FEDERATION 8.5 09/17/2031 0.53
TREASURY (CPI) NOTE 0.625 04/15/2023 0.49
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-19

% of Market Value

Type Fund
as of 30-Sep-19

% of Market Value

Type Fund
Negative weightings may result from specific circumstances (including timing differences between trade and settlement 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.
as of 30-Sep-19

% of Market Value

Type Fund
Allocations subject to change.
as of 30-Sep-19

% of Market Value

Type Fund
as of 30-Sep-19

% of Market Value

Type Fund
as of 30-Sep-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 Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class D2 Hedged CHF None 10.69 0.00 0.00 10.74 10.35 - LU0972027022 - -
Class D2 USD None 15.13 0.00 0.00 15.15 14.23 - LU0278469043 - -
Class A5 Hedged EUR Quarterly 6.86 0.00 0.00 6.94 6.79 - LU0280467159 - -
Class A2 USD None 14.62 0.00 0.00 14.65 13.82 - LU0278466700 - -
Class D4 Hedged EUR Annual 9.36 0.00 0.00 9.69 9.32 - LU1340096590 - -
Class D2 Hedged PLN None 16.40 0.00 0.00 16.44 15.57 - LU0827879684 - -
Class A2 Hedged EUR None 9.96 0.00 0.00 10.00 9.64 - LU0278453476 - -
Class D4 Hedged CAD Annual 9.81 0.00 0.00 10.13 9.60 - LU1270847186 - -
Class D2 Hedged EUR None 10.56 0.00 0.00 10.60 10.19 - LU0278456651 - -
Class I3 Hedged CAD Monthly 9.69 0.00 0.00 9.74 9.42 - LU1234671672 - -
Class I2 Hedged CHF None 11.40 0.00 0.00 11.44 11.02 - LU1270847004 - -
Class I5 Hedged JPY Quarterly 961.00 0.00 0.00 972.00 949.00 - LU1791183194 - -
Class I2 Hedged JPY None 1,086.00 0.00 0.00 1,089.00 1,045.00 - LU1005243172 - -
Class D5 USD Quarterly 10.63 0.00 0.00 10.72 10.26 - LU0737136415 - -
Class A2 Hedged SGD None 21.00 0.00 0.00 21.04 19.96 - LU0278465488 - -
Class A5 Hedged SGD Quarterly 14.50 -0.01 -0.07 14.63 14.08 - LU0280468637 - -
Class I2 Hedged EUR None 10.88 -0.01 -0.09 10.92 10.48 - LU0368231436 - -
Class A2 Hedged PLN None 15.84 0.00 0.00 15.87 15.10 - LU0480534915 - -
Class D4 EUR Annual 12.24 -0.06 -0.49 12.60 11.39 - LU1085283973 - -
Class A5 USD Quarterly 10.12 0.00 0.00 10.20 9.77 - LU0280465617 - -
Class A2 Hedged JPY None 1,044.00 -1.00 -0.10 1,049.00 1,010.00 - LU1005243099 - -
Class D5 Hedged CHF Quarterly 9.35 0.00 0.00 9.47 9.28 - LU1681056062 - -
Class I2 Hedged AUD - 10.38 0.00 0.00 10.40 9.83 - LU1786038098 - -
Class D5 Hedged EUR Quarterly 6.88 0.00 0.00 6.96 6.80 - LU0827879841 - -
Class A6 USD Monthly 12.16 0.00 0.00 12.24 11.82 - LU1051767835 - -
Class D2 Hedged GBP None 11.31 0.00 0.00 11.34 10.81 - LU0278463947 - -
Class A3 EUR Monthly 9.16 -0.04 -0.43 9.28 8.50 - LU1005243339 - -
Class I2 Hedged GBP None 11.41 0.00 0.00 11.43 10.89 - LU0999670564 - -
Class I5 JPY Quarterly 1,076.00 2.00 0.19 1,095.00 1,027.00 - LU1926936912 - -
Class D2 Hedged SGD None 21.74 0.00 0.00 21.78 20.58 - LU0827879767 - -
Class A2 Hedged GBP None 10.45 0.00 0.00 10.48 10.03 - LU1181257202 - -
Class S2 Hedged EUR - 10.17 0.00 0.00 10.21 10.00 - LU1992159654 - -
Class S5 USD - 10.19 0.00 0.00 10.28 10.17 - LU1992159068 - -
Class A1 USD Daily 10.12 0.00 0.00 10.16 9.78 - LU1003076855 - -
Class S2 Hedged CHF - 10.15 -0.01 -0.10 10.20 10.00 - LU1992159902 - -
Class A8 Hedged CNH Monthly 95.81 0.00 0.00 96.38 93.71 - LU1165523371 - -
Class D2 EUR None 13.68 -0.08 -0.58 13.87 12.34 - LU1005243503 - -
Class A4 Hedged EUR Annual 9.36 0.00 0.00 9.66 9.32 - LU0973708182 - -
Class A1 EUR Daily 9.16 -0.05 -0.54 9.29 8.51 - LU1005244220 - -
Class I2 USD None 12.03 0.00 0.00 12.05 11.31 - LU0986736956 - -
Class A3 USD Monthly 10.12 0.00 0.00 10.16 9.77 - LU1003076939 - -
Class S2 USD - 10.28 0.00 0.00 10.29 10.00 - LU1992160157 - -
Class A6 Hedged HKD Monthly 91.68 0.00 0.00 92.37 89.69 - LU1051769021 - -
Class D4 Hedged GBP Annual 4.72 0.00 0.00 4.88 4.66 - LU1294567364 - -
Class A2 EUR None 13.23 -0.07 -0.53 13.41 11.99 - LU1005243255 - -
Class S4 Hedged EUR - 10.08 0.00 0.00 10.19 10.00 - LU1992161049 - -
Class I5 GBP Hedged GBP - 10.01 -0.01 -0.10 10.12 9.81 - LU1877503935 - -
Class A2 Hedged CHF None 9.96 0.00 0.00 10.01 9.68 - LU1121327164 - -
Class I5 USD Quarterly 9.90 0.00 0.00 9.99 9.55 - LU1083819141 - -
Class I5 Hedged EUR Quarterly 9.11 0.00 0.00 9.22 9.01 - LU1129992308 - -
Class A2 Hedged SEK None 101.32 -0.02 -0.02 101.71 97.96 - LU1121320748 - -
Class A4 USD Annual 9.98 0.00 0.00 10.25 9.69 - LU1153584997 - -
Class A8 Hedged AUD Monthly 9.28 0.00 0.00 9.35 9.08 - LU1165522480 - -

Portfolio Managers

Portfolio Managers

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

Literature

Literature