Fixed Income

BlackRock Advantage Global High Yield Credit Screened Fund

  • NAV as of 15/Dec/2025 GBP 132.77
    52 WK: 119.80 - 132.88
  • 1 Day NAV Change as of 15/Dec/2025 GBP 0.16 (0.12%)
  • 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.

The Fund seeks to achieve its objective by investing at least 80% of its assets in fixed income ("FI") securities (such as bonds) issued by corporate issuers which are high yield (i.e. non-investment grade or unrated) 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), and issued in developed markets. The Fund may invest up to 20% of its assets in emerging markets.

The Investment Manager (“IM”) considers certain environmental, social and governance ("ESG") characteristics when selecting securities to be held directly by the Fund. and the Fund’s total assets will be invested in accordance with its ESG Policy as disclosed in the prospectus. For further details, please refer to the prospectus and the BlackRock website at https://www.blackrock.com/baselinescreens.

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. 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

Show Less
Loading

Performance

Performance

Chart

View full chart
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 5 years.

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) GBP 3.6 4.1 -10.4 12.2 10.4
Constraint Benchmark 1 (%) USD 5.7 5.1 -10.6 13.8 8.7

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 6.13 9.49 4.35 - 4.33
Constraint Benchmark 1 (%) USD 7.40 9.73 4.90 - 5.19
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) GBP 5.95 0.52 1.63 5.12 6.13 31.24 23.71 - 32.53
Constraint Benchmark 1 (%) USD 7.56 0.42 1.40 4.70 7.40 32.14 27.01 - 39.94
  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

9.43 -14.17 10.10 16.01 6.97
Constraint Benchmark 1 (%) USD

as of 30/Sept/2025

11.12 -13.91 11.17 15.35 7.54

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 15/Dec/2025
USD 437,762,183
Fund Launch Date
11/Apr/2019
Fund Base Currency
USD
Constraint Benchmark 1
ICE BofA Developed Markets High Yield Constrained 100% USD Hedged Index
SDR classification
ESG Overseas
Ongoing Charges Figures
0.25%
ISIN
IE00BF5HLL87
Minimum Initial Investment
GBP 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global High Yield Bond - GBP Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
BF5HLL8
Share Class launch date
11/Apr/2019
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Article 8
Initial Charge
0.00%
Management Fee
0.20%
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 10,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRGHZGH

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Nov/2025
469
3y Beta
as of 30/Nov/2025
0.997
Modified Duration
as of 28/Nov/2025
3.88
Effective Duration
as of 28/Nov/2025
2.92
WAL to Worst
as of 28/Nov/2025
3.66
Standard Deviation (3y)
as of 30/Nov/2025
4.42%
Yield to Maturity
as of 28/Nov/2025
6.66
Weighted Average YTM
as of 28/Nov/2025
6.19%
Weighted Avg Maturity
as of 28/Nov/2025
3.66

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 High Yield Credit Screened Fund, Class Z Hedged, as of 31/Jan/2023 rated against 237 Global High Yield Bond - GBP Hedged Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 31/Dec/2023)
Analyst-Driven % as of 31/Dec/2023
10.00
Data Coverage % as of 31/Dec/2023
55.00

Holdings

Holdings

as of 28/Nov/2025
Name Weight (%)
QXO BUILDING PRODUCTS INC 144A 6.75 04/30/2032 0.80
CONNECT FINCO SARL 144A 9 09/15/2029 0.78
COREWEAVE INC 144A 9.25 06/01/2030 0.78
POSTE ITALIANE S.P.A. RegS 2.625 12/31/2079 0.68
VALARIS LTD 144A 8.375 04/30/2030 0.66
Name Weight (%)
CALIFORNIA RESOURCES CORP 144A 8.25 06/15/2029 0.65
VODAFONE GROUP PLC 60NC10 RegS 3 08/27/2080 0.63
DRAX FINCO PLC RegS 5.875 04/15/2029 0.63
HTA GROUP LTD 144A 7.5 06/04/2029 0.61
GARRETT MOTION HOLDINGS INC 144A 7.75 05/31/2032 0.61
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
as of 28/Nov/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 Z Hedged GBP 132.77 0.16 0.12 15/Dec/2025 132.88 119.80 IE00BF5HLL87
Class Z USD Dist USD 112.00 0.14 0.12 15/Dec/2025 113.50 105.94 IE000H009VT9
Class A USD 137.62 0.16 0.12 15/Dec/2025 137.76 124.20 IE00BF5HLB89
Class D USD 140.31 0.17 0.12 15/Dec/2025 140.43 126.37 IE00BF5HLF28
Class X Hedged EUR 125.13 0.16 0.13 15/Dec/2025 125.28 114.45 IE00BHQZ3M06
Class A Hedged GBP 103.88 0.12 0.11 15/Dec/2025 103.99 93.99 IE000R99OZ96
Class Z Hedged EUR 122.63 0.15 0.13 15/Dec/2025 122.79 112.50 IE00BF5HLK70
Class X Hedged AUD 117.69 0.15 0.12 15/Dec/2025 117.78 106.23 IE000IA4D1S5
Class Z USD 140.74 0.17 0.12 15/Dec/2025 140.85 126.71 IE00BF5HLJ65
Class D Hedged GBP 114.13 0.13 0.11 15/Dec/2025 114.24 103.12 IE000OQNSWO5
Class A Hedged GBP 102.73 0.12 0.11 15/Dec/2025 102.84 93.99 IE0003LMHXY1
Class A Hedged GBP 99.58 0.11 0.11 15/Dec/2025 102.40 93.99 IE000D8DJLC5
Class X Monthly Dis USD 111.94 0.14 0.12 15/Dec/2025 113.37 105.43 IE000O3XT4Y0
Class A Hedged GBP 99.62 0.11 0.11 15/Dec/2025 100.85 93.99 IE0001FVNFX5
Class X USD 129.71 0.16 0.13 15/Dec/2025 129.81 116.58 IE00BMF76127

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