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.
Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Non-investment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.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
| Ex-Date | Total Distribution |
|---|
-
Returns
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 (%) | 2.2 | 0.4 | -6.8 | 8.3 | ||||||
| Target Benchmark 1 (%) | 1.8 | 1.6 | 2.9 | 6.3 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 9.00 | 1.47 | 1.62 | - | 1.69 |
| Target Benchmark 1 (%) | 6.88 | 4.90 | 3.64 | - | 3.62 |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 3.81 | 0.68 | 2.44 | 3.10 | 9.00 | 4.47 | 8.35 | - | 8.82 |
| Target Benchmark 1 (%) | 5.10 | 0.53 | 1.66 | 3.37 | 6.88 | 15.43 | 19.56 | - | 19.69 |
| 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 |
1.44 | 2.24 | -11.86 | 8.74 | 9.00 |
|
Target Benchmark 1 (%)
as of 30/Sept/2024 |
1.98 | 1.56 | 2.25 | 5.62 | 6.88 |
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
Portfolio Characteristics
Portfolio Characteristics
ESG Integration
ESG Integration
ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.
Risk Indicator
Risk Indicator
Ratings
Ratings
Holdings
Holdings
| Name | Weight (%) |
|---|---|
| ABN AMRO BANK NV MTN RegS 5.125 02/22/2028 | 1.50 |
| UNITE (USAF) II PLC RegS 3.921 06/30/2025 | 1.27 |
| LONDON AND QUADRANT HOUSING TRUST RegS 2.625 05/05/2026 | 1.18 |
| TRATON FINANCE LUXEMBOURG SA MTN RegS 5.625 01/16/2029 | 1.13 |
| NIE FINANCE PLC RegS 6.375 06/02/2026 | 1.13 |
| Name | Weight (%) |
|---|---|
| DS SMITH PLC MTN RegS 4.375 07/27/2027 | 1.07 |
| YORKSHIRE WATER FINANCE 6.454 05/28/2027 | 1.07 |
| HEATHROW FUNDING LTD MTN RegS 2.625 03/16/2028 | 1.03 |
| ELECTRICITY NORTH WEST LTD RegS 8.875 03/25/2026 | 0.97 |
| CREDIT AGRICOLE SA MTN RegS 5.375 01/15/2029 | 0.96 |
Exposure Breakdowns
Exposure Breakdowns
Pricing & Exchange
Pricing & Exchange
| Investor Class | Currency | Bid Price | Offer Price | ISIN |
|---|---|---|---|---|
| Class X | GBP | 0.95 | 0.96 | GB00BFK3LX33 |
| Class X | GBP | 1.08 | 1.09 | GB00BFK3LV19 |
| Class I | GBP | 1.08 | 1.08 | GB00BFK3LT96 |
| Class I Inc | GBP | 1.03 | 1.03 | GB00BN091156 |
| Class D | GBP | 1.08 | 1.08 | GB00BFK3LS89 |
Portfolio Managers
Portfolio Managers
Director, is a Portfolio Manager for the Sterling Fundamental Fixed Income Team within BlackRock's Global Fixed Income Group.
Managing Director, is Head of the Fundamental Sterling Team within BlackRock's Global Fixed Income (GFI) Group.
