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.
Non-investment grade fixed income securities are more sensitive to changes in interest rates and present greater ‘Credit Risk’ than higher rated fixed income securities. 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. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. 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 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
To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.
Performance
Performance
Distributions
| Ex-Date | Total Distribution |
|---|
-
Returns
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
Portfolio Characteristics
Portfolio Characteristics
Risk Indicator
Risk Indicator
Ratings
Holdings
Holdings
| Name | Weight (%) |
|---|---|
| UMBS 30YR TBA(REG A) | 8.37 |
| GNMA2 30YR TBA(REG C) | 1.61 |
| JAPAN (GOVERNMENT OF) 5YR #181 1.3 09/20/2030 | 1.40 |
| FHLMC 30YR UMBS | 1.11 |
| GNMA2 30YR | 1.10 |
| Name | Weight (%) |
|---|---|
| SPAIN (KINGDOM OF) 3.15 04/30/2035 | 0.87 |
| VOLKSWAGEN INTERNATIONAL FINANCE N RegS 4.625 12/31/2079 | 0.65 |
| NESTLE FINANCE INTERNATIONAL LTD RegS 3 01/23/2031 | 0.65 |
| BRGPT_4X AR RegS | 0.64 |
| FNMA 30YR UMBS | 0.63 |
Exposure Breakdowns
Exposure Breakdowns
Pricing & Exchange
Pricing & Exchange
| Investor Class | Currency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
|---|---|---|---|---|---|---|---|---|
| Class I6 | EUR | 9.98 | 0.00 | 0.00 | 04/Dec/2025 | 10.06 | 9.97 | LU3119990367 |
| Class D2 Hedged | USD | 11.12 | 0.01 | 0.09 | 04/Dec/2025 | 11.12 | 10.37 | LU2352260140 |
| Class I2 Hedged | SEK | 103.40 | 0.01 | 0.01 | 04/Dec/2025 | 103.47 | 98.45 | LU2339508827 |
| Class I2 | EUR | 11.02 | 0.00 | 0.00 | 04/Dec/2025 | 11.03 | 10.47 | LU2098887776 |
| Class D2 | EUR | 10.93 | 0.00 | 0.00 | 04/Dec/2025 | 10.94 | 10.40 | LU2098887693 |
| Class A5 | EUR | 10.04 | 0.00 | 0.00 | 04/Dec/2025 | 10.05 | 9.98 | LU3119987579 |
| Class I2 Hedged | USD | 11.18 | 0.00 | 0.00 | 04/Dec/2025 | 11.18 | 10.42 | LU2352260223 |
| Class D2 Hedged | CHF | 10.08 | 0.00 | 0.00 | 04/Dec/2025 | 10.11 | 9.78 | LU2467650227 |
| Class A6 | EUR | 9.96 | 0.00 | 0.00 | 04/Dec/2025 | 10.05 | 9.95 | LU3119989195 |
| Class D2 Hedged | GBP | 10.65 | 0.00 | 0.00 | 04/Dec/2025 | 10.65 | 9.96 | LU2896486664 |
| Class A2 | EUR | 10.63 | 0.00 | 0.00 | 04/Dec/2025 | 10.64 | 10.16 | LU2098887420 |
| Class ZI2 Hedged | USD | 12.39 | 0.00 | 0.00 | 04/Dec/2025 | 12.39 | 11.53 | LU2533725912 |
| Class ZI2 | EUR | 11.63 | 0.00 | 0.00 | 04/Dec/2025 | 11.63 | 11.03 | LU2533726050 |
| Class I2 Hedged | JPY | 981.00 | 0.00 | 0.00 | 04/Dec/2025 | 983.00 | 948.00 | LU2465791999 |
Portfolio Managers
Portfolio Managers
Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Fixed Income business, and Head of the Global Allocation Investment Team.
Jose Aguilar, Managing Director, is the head of European High Yield and Long Short Credit Strategies.
Kate Galustian, Managing Director, is Head of European ABS and a portfolio manager within BlackRock's Global Fixed Income group.
Max Huefner, Managing Director, is a Senior Portfolio Manager and the Head of Global Credit as well as European Investment Grade within BlackRock's Global Fixed Income group
Leopold Lansing, Director, is a portfolio manager on BlackRock's Global Fixed Income team
