Fixed Income

BlackRock Sustainable Sterling Strategic Bond 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.

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 4 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 8.0 0.5 -9.8 11.1
Target Benchmark 1 (%) 9.4

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

  1y 3y 5y 10y Incept.
6.30 1.04 2.37 - 2.50
Target Benchmark 1 (%) 9.98 - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.57 1.17 0.10 4.14 6.30 3.15 12.41 - 14.32
Target Benchmark 1 (%) 9.09 0.76 2.34 4.82 9.98 - - - -
  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

4.99 5.38 -19.20 15.07 10.57
Target Benchmark 1 (%)

as of 30/Sept/2024

- - - 8.74 10.05

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 10/Dec/2024
GBP 95,147,100
Fund Launch Date
17/May/2016
Fund Base Currency
GBP
Target Benchmark 1
3 Month SONIA ARR compounded in arrears + 450 bps (GBP)
Investment Association Category
£ Strategic Bond
Ongoing Charges Figures
0.54%
ISIN
GB00BFK3LW26
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
GBP Flexible Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFK3LW2
Share Class launch date
02/Jul/2019
Share Class Currency
GBP
Asset Class
Fixed Income
Comparator Benchmark 2
IA Sterling Strategic Bond Sector Average
Initial Charge
5.00%
Management Fee
0.45%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLSSBSG
Ongoing Charges Figure ex. Discount
0.54%
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
59
Standard Deviation (3y)
as of 30/Nov/2024
10.73%
Yield to Maturity
as of 29/Nov/2024
4.90
Weighted Average YTM
as of 29/Nov/2024
4.77%
Weighted Avg Maturity
as of 29/Nov/2024
5.10
12 Month Trailing Dividend Distribution Yield
as of 30/Nov/2024
4.14
3y Beta
as of -
-
Modified Duration
as of 29/Nov/2024
5.86
Effective Duration
as of 29/Nov/2024
5.89
WAL to Worst
as of 29/Nov/2024
5.10

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

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BlackRock Sustainable Sterling Strategic Bond Fund, Class S, as of 31/Jan/2023 rated against 70 GBP Flexible Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31/Dec/2023)
Analyst-Driven % as of 31/Dec/2023
55.00
Data Coverage % as of 31/Dec/2023
98.00

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
UK CONV GILT 4.125 07/22/2029 5.97
ING GROEP NV RegS 3.5 09/03/2030 3.32
COOPERATIEVE CENTRALE RAIFFEISEN-B MTN RegS 4.625 05/23/2029 3.31
LEGAL & GENERAL GROUP PLC RegS 5.125 11/14/2048 3.27
TIME WARNER CABLE LLC 5.75 06/02/2031 3.24
Name Weight (%)
TESCO PROPERTY RegS 3.23
BANCO SANTANDER SA MTN RegS 4.75 08/30/2028 3.07
ELECTRICITE DE FRANCE SA MTN RegS 5.875 12/31/2079 2.88
YORKSHIRE WATER FINANCE PLC MTN RegS 5.25 04/28/2030 2.82
HSBC HOLDINGS PLC 6.8 09/14/2031 2.81
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/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 S GBP 0.97 0.97 GB00BFK3LW26
Class A GBP 1.27 1.28 GB00BZ6DDG44
Class A GBP 1.08 1.08 GB00BZ6DDH50
Class D GBP 1.33 1.33 GB00BZ6DDJ74
Class Z GBP 1.07 1.08 GB00BZ6DF359
Class X GBP 1.39 1.40 GB00BZ6DDP35
Class X GBP 1.08 1.08 GB00BZ6DDQ42
Class Z GBP 1.35 1.36 GB00BZ6DDZ33
Class D GBP 1.07 1.08 GB00BZ6DDM04

Portfolio Managers

Portfolio Managers

Simon Blundell

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

Ben Edwards

Ben Edwards, CFA, Managing Director, is a Portfolio Manager in the Sterling Bond Portfolio team within BlackRock's Global Fixed Income Group. Mr. Edwards is the lead fund manager of the BlackRock Corporate Bond Fund and co-manager of the BlackRock Sterling Strategic Bond Fund.

Literature

Literature