Fixed Income

BlackRock Advantage Global Corporate Credit Screened Fund

  • NAV as of 14/Nov/2025 GBP 101.51
    52 WK: 94.36 - 102.52
  • 1 Day NAV Change as of 14/Nov/2025 -0.20 (-0.20%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to achieve a total return on your investment through a combination of capital growth and income on the Fund’s assets by investing at least 80% of its assets in investment grade (i.e. meet a specified level of credit worthiness) fixed income (“FI”) securities (such as bonds) issued by corporate issuers in developed markets and instruments related to such FI securities, including financial derivative instruments ("FDIs") (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes which may generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets).

The Fund may invest up to 20% of its assets in emerging markets. The Fund may also invest in FI securities issued by governments, government agencies and supranationals and/or FI securities which may be investment grade or non-investment grade, instruments related to such FI securities, money market instruments (i.e. debt securities with short-term maturities), deposits and cash.

In order to assist in achieving the Fund’s investment objective, the Investment Manager (IM) will use a strategy known as ‘credit screening’ to minimise exposure to FI securities which are perceived to be most at risk of a sharp deterioration in price.

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. Noninvestment 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. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. 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. 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 investment 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

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Performance

Performance

Chart

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Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

This chart shows the product's performance as the percentage loss or gain per year over the last 4 years.

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) GBP -1.4 -15.2 8.7 3.6
Comparator Benchmark 1 (%) USD -0.8 -14.1 9.1 3.7

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 (%) GBP 6.89 7.37 0.55 - 0.37
Comparator Benchmark 1 (%) USD 6.82 7.79 1.10 - 0.92
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) GBP 6.51 0.59 2.51 4.61 6.89 23.78 2.79 - 1.95
Comparator Benchmark 1 (%) USD 6.74 0.61 2.55 4.51 6.82 25.24 5.64 - 4.92
  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 		From
30-Sept-2024
To
30-Sept-2025
Total Return (%) GBP

as of 30/Sept/2025

1.59 -17.51 3.75 12.71 4.46
Comparator Benchmark 1 (%) USD

as of 30/Sept/2025

1.92 -16.67 4.61 13.26 4.45

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

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 14/Nov/2025
USD 108,519,288
Fund Launch Date
31/Jul/2020
Fund Base Currency
USD
Comparator Benchmark 1
Bloomberg Global Aggregate Corporate Index
SDR classification
ESG Overseas
Ongoing Charges Figures
0.00%
ISIN
IE00BKSBGM81
Minimum Initial Investment
USD 1,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Corporate Bond - GBP Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
BKSBGM8
Share Class launch date
31/Jul/2020
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Article 8
Initial Charge
0.00%
Management Fee
0.00%
Performance Fee
0.00%
Minimum Subsequent Investment
USD 10,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLACSXH

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2025
660
3y Beta
as of 31/Oct/2025
0.926
Modified Duration
as of 31/Oct/2025
5.85
Effective Duration
as of 31/Oct/2025
5.80
WAL to Worst
as of 31/Oct/2025
8.58
Standard Deviation (3y)
as of 31/Oct/2025
5.51%
Yield to Maturity
as of 31/Oct/2025
4.33
Weighted Average YTM
as of 31/Oct/2025
4.25%
Weighted Avg Maturity
as of 31/Oct/2025
8.58

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

3 stars
Overall Morningstar Rating for BlackRock Advantage Global Corporate Credit Screened Fund, Class X Hedged, as of 31/Oct/2025 rated against 229 Global Corporate Bond - GBP Hedged Funds.

Holdings

Holdings

as of 31/Oct/2025
Name Weight (%)
POSTNL NV RegS 4.75 06/12/2031 1.01
DANONE SA MTN RegS 3.481 05/03/2030 0.88
BANCO SANTANDER SA MTN RegS 3.25 05/27/2032 0.86
ALPHABET INC 4 05/06/2054 0.84
CH ROBINSON WORLDWIDE INC 4.2 04/15/2028 0.75
Name Weight (%)
PROSUS NV MTN RegS 1.288 07/13/2029 0.69
A1 TOWERS HOLDING GMBH RegS 5.25 07/13/2028 0.68
KONINKLIJKE KPN NV 8.375 10/01/2030 0.64
SAP SE RegS 1.625 03/10/2031 0.61
TRANSURBAN FINANCE COMPANY PTY LTD MTN RegS 3.713 03/12/2032 0.56
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2025

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2025

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2025

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2025

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2025

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class X Hedged GBP 101.51 -0.20 -0.20 14/Nov/2025 102.52 94.36 IE00BKSBGM81
Class X Hedged GBP 77.79 -0.34 -0.43 13/Nov/2023 83.11 76.72 IE00BL5H0T14
Class A Acc USD 102.47 -0.21 -0.20 14/Nov/2025 103.53 95.57 IE00BL5H0N51
Class Z Hedged EUR 94.35 -0.19 -0.20 14/Nov/2025 95.39 89.37 IE00BL5H0W43
Class Z USD 103.94 -0.21 -0.20 14/Nov/2025 104.99 96.71 IE00BL5H0V36
Class D Acc USD 103.28 -0.21 -0.20 14/Nov/2025 104.33 96.11 IE00BL5H0P75
Class X Monthly Dis USD 111.83 -0.22 -0.20 14/Nov/2025 113.33 107.07 IE000CD9D4K8
Class X Hedged CHF 88.64 -0.18 -0.21 14/Nov/2025 89.71 85.17 IE00BL5H0Q82

Portfolio Managers

Portfolio Managers

Riyadh Ali
Riyadh Ali
Jeffrey Rosenberg
Jeffrey Rosenberg
Alessandro Ferrante
Alessandro Ferrante

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.

Literature

Literature