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.
The value of your investment and the income from it will vary and your initial investment amount is not guaranteed. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The Fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due.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
The Fund’s investments may have low liquidity, which often causes the value of these investments to be less predictable. In extreme cases the Fund may not be able to realise the investment at the latest market price or at a price considered fair.
Performance
Performance
Chart
Distributions
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Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 11.5 | -0.1 | 10.0 | 4.3 | -1.7 | 9.3 | 7.7 | -3.1 | -17.6 | 8.5 |
| Target Benchmark 1 (%) | 12.2 | 0.6 | 10.6 | 4.3 | -1.6 | 9.2 | 7.9 | -3.1 | -17.8 | 8.8 |
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 (%) | 4.33 | -4.09 | -0.71 | 2.02 | 2.35 |
| Target Benchmark 1 (%) | 4.53 | -4.09 | -0.67 | 2.22 | 2.60 |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | -1.70 | -1.51 | -0.24 | 5.47 | 4.33 | -11.77 | -3.49 | 22.13 | 31.29 |
| Target Benchmark 1 (%) | -1.72 | -1.49 | -0.23 | 5.51 | 4.53 | -11.77 | -3.28 | 24.55 | 35.07 |
| From 31-Mar-2019 To 31-Mar-2020 |
From 31-Mar-2020 To 31-Mar-2021 |
From 31-Mar-2021 To 31-Mar-2022 |
From 31-Mar-2022 To 31-Mar-2023 |
From 31-Mar-2023 To 31-Mar-2024 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of 31/Mar/2024 |
0.86 | 7.70 | -5.31 | -10.33 | 6.14 |
|
Target Benchmark 1 (%)
as of 31/Mar/2024 |
1.43 | 7.24 | -5.37 | -10.30 | 6.14 |
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
Sustainability Characteristics
Sustainability Characteristics
Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.
The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodologies behind Sustainability Characteristics using the links below.
To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.
Business Involvement
Business Involvement
Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.
Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodology behind the Business Involvement metrics, using links below.
Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.
Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.
Risk Indicator
Risk Indicator
Ratings
Ratings
Holdings
Holdings
| Name | Weight (%) |
|---|---|
| KFW MTN RegS 1.125 07/04/2025 | 0.61 |
| KFW BANKENGRUPPE MTN 6 12/07/2028 | 0.53 |
| EUROPEAN INVESTMENT BANK 6 12/07/2028 | 0.44 |
| EUROPEAN INVESTMENT BANK 5.625 06/07/2032 | 0.41 |
| KFW MTN RegS 3.75 07/30/2027 | 0.40 |
| Name | Weight (%) |
|---|---|
| KFW MTN RegS 4.125 02/18/2026 | 0.37 |
| EUROPEAN INVESTMENT BANK MTN RegS 1 09/21/2026 | 0.35 |
| KFW MTN RegS 1.375 12/15/2025 | 0.33 |
| KFW BANKENGRUPPE MTN 5.75 06/07/2032 | 0.31 |
| TESCO PROPERTY RegS | 0.31 |
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 L | GBP | 1.15 | 0.00 | -0.30 | 24/May/2024 | 1.18 | 1.07 | GB00B847N473 |
| Class X | GBP | 1.42 | 0.00 | -0.30 | 24/May/2024 | 1.44 | 1.29 | GB00B5WN6148 |
| Class H | GBP | 1.24 | 0.00 | -0.30 | 24/May/2024 | 1.26 | 1.13 | GB00BJL5BV43 |
| Class S | GBP | 0.87 | 0.00 | -0.30 | 24/May/2024 | 0.88 | 0.79 | GB00BN08ZN29 |
| Class D | GBP | 1.13 | 0.00 | -0.30 | 24/May/2024 | 1.16 | 1.06 | GB00B7J60R40 |
| Class L | GBP | 1.55 | 0.00 | -0.30 | 24/May/2024 | 1.57 | 1.40 | GB00B5MMQ552 |
| Class H | GBP | 0.97 | 0.00 | -0.30 | 24/May/2024 | 1.00 | 0.91 | GB00BKF2KH76 |
| Class D | GBP | 1.54 | 0.00 | -0.30 | 24/May/2024 | 1.56 | 1.40 | GB00B84DSW83 |
| Class X | GBP | 1.03 | 0.00 | -0.30 | 24/May/2024 | 1.06 | 0.97 | GB00B8DYSW23 |
Portfolio Managers
Portfolio Managers
