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.
Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Asset backed securities and mortgage backed securities are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets. This Share Class may pay dividends or take charges from capital. While this may allow more income to be distributed, it may reduce the value of your holdings and impact the potential for long term capital growth. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.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

Performance
Performance
Chart
Distributions
Record Date | Ex-Date | Payable Date |
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Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 5 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.
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 USD, hedged Share Class 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
Key Facts
Key Facts
Portfolio Characteristics
Portfolio Characteristics
ESG Integration
ESG Integration
ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.
The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.
Risk Indicator
Risk Indicator
Ratings
Ratings
Holdings
Holdings
Name | Weight (%) |
---|---|
GNMA2 30YR | 54.04 |
UMBS 30YR TBA(REG A) | 34.62 |
FNMA 30YR 2021 PRODUCTION | 8.43 |
FNMA 30YR 2020 PRODUCTION | 5.84 |
GNMA2 30YR 2020 PRODUCTION | 5.62 |
Name | Weight (%) |
---|---|
UMBS 15YR TBA(REG B) | 4.90 |
FHLMC 30YR UMBS SUPER | 3.96 |
UMBS 30YR TBA | 3.59 |
FHLMC 30YR UMBS | 2.10 |
FNMA 30YR 2.0% LB225K 2021 | 1.15 |
Exposure Breakdowns
Exposure Breakdowns
Pricing & Exchange
Investor Class | Currency | Distribution Frequency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN | TIS |
---|---|---|---|---|---|---|---|---|---|---|
Class I3 | USD | Monthly | 8.10 | 0.05 | 0.62 | 24-Jun-22 | 9.41 | 7.96 | LU1456639035 | - |
Class I2 | USD | - | 9.59 | 0.06 | 0.63 | 24-Jun-22 | 10.86 | 9.43 | LU2011139206 | - |
Class A1 | USD | Monthly | 7.91 | 0.04 | 0.51 | 24-Jun-22 | 9.20 | 7.79 | LU0035308682 | - |
Class A2 | USD | None | 18.38 | 0.11 | 0.60 | 24-Jun-22 | 20.91 | 18.08 | LU0096258446 | - |
Class D2 | USD | None | 19.23 | 0.12 | 0.63 | 24-Jun-22 | 21.80 | 18.91 | LU0424777026 | - |
Class D3 | USD | Monthly | 7.95 | 0.05 | 0.63 | 24-Jun-22 | 9.23 | 7.81 | LU0592702145 | - |
Class A3 | USD | Monthly | 7.93 | 0.05 | 0.63 | 24-Jun-22 | 9.21 | 7.79 | LU0172418690 | - |
Portfolio Managers
Portfolio Managers



Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee.