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. 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
Chart
-
Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 2 years.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Total Return (%) | -11.3 | 13.3 | |||
| Constraint Benchmark 1 (%) | -11.2 | 13.4 |
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 (%) | 15.49 | 3.05 | - | - | 3.49 |
| Constraint Benchmark 1 (%) | 15.73 | 3.09 | - | - | 3.55 |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 8.17 | 1.26 | 4.74 | 6.13 | 15.49 | 9.43 | - | - | 12.60 |
| Constraint Benchmark 1 (%) | 8.00 | 1.62 | 5.28 | 6.44 | 15.73 | 9.57 | - | - | 12.85 |
| 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 |
- | - | -14.38 | 10.67 | 15.49 |
|
Constraint Benchmark 1 (%)
as of 30/Sept/2024 |
- | - | -14.15 | 10.28 | 15.73 |
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 USD, hedged share class benchmark performance is displayed in USD.
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
Morningstar Medalist Rating
Holdings
Holdings
| Name | Weight (%) |
|---|---|
| ISHARES $ HIGH YIELD CRP BND ETF $ | 2.85 |
| HUB INTERNATIONAL LTD 144A 7.375 01/31/2032 | 1.13 |
| CLOUD SOFTWARE GROUP INC 144A 6.5 03/31/2029 | 0.99 |
| MAUSER PACKAGING SOLUTIONS HOLDING 144A 7.875 04/15/2027 | 0.96 |
| HUB INTERNATIONAL LTD 144A 7.25 06/15/2030 | 0.93 |
| Name | Weight (%) |
|---|---|
| UKG INC 144A 6.875 02/01/2031 | 0.81 |
| ATHENAHEALTH GROUP INC 144A 6.5 02/15/2030 | 0.71 |
| VENTURE GLOBAL LNG INC 144A 9.5 02/01/2029 | 0.68 |
| EMRLD BORROWER LP 144A 6.625 12/15/2030 | 0.67 |
| ALLIANT HOLDINGS INTERMEDIATE LLC 144A 6.75 10/15/2027 | 0.64 |
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 SR2 | USD | 11.22 | 0.00 | 0.00 | 10/Oct/2024 | 11.26 | 9.54 | LU2319962739 |
| Class A4 Hedged | GBP | 9.58 | -0.01 | -0.10 | 10/Oct/2024 | 10.04 | 8.72 | LU0706698544 |
| Class A6 | USD | 4.42 | 0.00 | 0.00 | 10/Oct/2024 | 4.46 | 4.05 | LU0738912566 |
| Class A3 Hedged | SGD | 8.90 | 0.00 | 0.00 | 10/Oct/2024 | 8.98 | 8.22 | LU0578937376 |
| Class A3 Hedged | NZD | 10.25 | 0.00 | 0.00 | 10/Oct/2024 | 10.34 | 9.32 | LU0803752046 |
| Class A2 Hedged | AUD | 19.54 | 0.00 | 0.00 | 10/Oct/2024 | 19.62 | 16.97 | LU0578947334 |
| Class D2 Hedged | AUD | 21.17 | -0.01 | -0.05 | 10/Oct/2024 | 21.26 | 18.27 | LU0827886895 |
| Class A3 Hedged | AUD | 10.16 | 0.00 | 0.00 | 10/Oct/2024 | 10.24 | 9.33 | LU0578942376 |
| Class D2 | USD | 45.57 | -0.01 | -0.02 | 10/Oct/2024 | 45.76 | 38.82 | LU0552552704 |
| Class D2 Hedged | CHF | 12.04 | 0.00 | 0.00 | 10/Oct/2024 | 12.10 | 10.68 | LU1090156289 |
| Class A8 Hedged | CNH | 89.93 | -0.06 | -0.07 | 10/Oct/2024 | 90.77 | 82.43 | LU1919856218 |
| Class D3 | USD | 9.57 | 0.00 | 0.00 | 10/Oct/2024 | 9.65 | 8.68 | LU0592702061 |
| Class D4 Hedged | GBP | 9.54 | 0.00 | 0.00 | 10/Oct/2024 | 10.06 | 8.68 | LU0681219902 |
| Class I2 Hedged | GBP | 11.60 | 0.00 | 0.00 | 10/Oct/2024 | 11.65 | 9.91 | LU2242188931 |
| Class A3 Hedged | GBP | 8.79 | 0.00 | 0.00 | 10/Oct/2024 | 8.86 | 8.01 | LU0580330818 |
| Class A10 | USD | 10.17 | 0.00 | 0.00 | 10/Oct/2024 | 10.28 | 9.90 | LU2725778034 |
| Class A2 Hedged | CHF | 11.25 | 0.00 | 0.00 | 10/Oct/2024 | 11.32 | 10.05 | LU1090155554 |
| Class A8 Hedged | AUD | 7.97 | 0.00 | 0.00 | 10/Oct/2024 | 8.04 | 7.30 | LU0871640396 |
| Class A2 Hedged | SGD | 17.09 | -0.01 | -0.06 | 10/Oct/2024 | 17.18 | 14.93 | LU0578945809 |
| Class D2 Hedged | EUR | 250.66 | -0.05 | -0.02 | 10/Oct/2024 | 251.82 | 217.21 | LU0532707519 |
| Class A3 Hedged | EUR | 7.97 | 0.00 | 0.00 | 10/Oct/2024 | 8.05 | 7.36 | LU0578943853 |
| Class A3 | USD | 5.58 | 0.00 | 0.00 | 10/Oct/2024 | 5.63 | 5.06 | LU0172419151 |
| Class I3 | USD | 9.01 | 0.00 | 0.00 | 10/Oct/2024 | 9.09 | 8.17 | LU0764821012 |
| Class A6 Hedged | SGD | 7.81 | 0.00 | 0.00 | 10/Oct/2024 | 7.89 | 7.30 | LU1314333441 |
| Class A6 Hedged | HKD | 32.01 | -0.02 | -0.06 | 10/Oct/2024 | 32.35 | 29.71 | LU0764619531 |
| Class I4 Hedged | GBP | 8.27 | -0.01 | -0.12 | 10/Oct/2024 | 8.73 | 7.52 | LU1111085442 |
| Class A3 Hedged | CAD | 9.29 | -0.01 | -0.11 | 10/Oct/2024 | 9.38 | 8.49 | LU0803751741 |
| Class D2 Hedged | SGD | 18.48 | 0.00 | 0.00 | 10/Oct/2024 | 18.56 | 16.03 | LU0827887273 |
| Class A1 | USD | 5.52 | 0.00 | 0.00 | 10/Oct/2024 | 5.56 | 5.00 | LU0046675905 |
| Class D3 Hedged | SGD | 8.92 | -0.01 | -0.11 | 10/Oct/2024 | 9.01 | 8.25 | LU0827886978 |
| Class I2 Hedged | EUR | 12.99 | 0.00 | 0.00 | 10/Oct/2024 | 13.05 | 11.24 | LU1111085798 |
| Class SR3 | USD | 9.28 | 0.00 | 0.00 | 10/Oct/2024 | 9.36 | 8.41 | LU2319962812 |
| Class A2 | USD | 41.62 | 0.00 | 0.00 | 10/Oct/2024 | 41.80 | 35.69 | LU0046676465 |
| Class SR4 Hedged | EUR | 10.26 | 0.00 | 0.00 | 10/Oct/2024 | 10.37 | 9.95 | LU2810381173 |
| Class A6 Hedged | JPY | 982.00 | -1.00 | -0.10 | 10/Oct/2024 | 1,007.00 | 971.00 | LU2725778117 |
| Class A8 Hedged | ZAR | 80.60 | 0.01 | 0.01 | 10/Oct/2024 | 81.40 | 73.83 | LU1023056127 |
| Class SR2 Hedged | GBP | 10.49 | 0.00 | 0.00 | 10/Oct/2024 | 10.54 | 9.95 | LU2810381256 |
| Class A2 Hedged | EUR | 228.85 | -0.04 | -0.02 | 10/Oct/2024 | 229.95 | 199.65 | LU0330917963 |
| Class SR4 Hedged | GBP | 9.04 | 0.00 | 0.00 | 10/Oct/2024 | 9.54 | 8.22 | LU2319962655 |
| Class I2 | USD | 18.63 | 0.00 | 0.00 | 10/Oct/2024 | 18.70 | 15.84 | LU0822668108 |
| Class SR2 Hedged | EUR | 10.46 | 0.00 | 0.00 | 10/Oct/2024 | 10.50 | 9.05 | LU2319962572 |
| Class I2 Hedged | CHF | 9.96 | 0.00 | 0.00 | 10/Oct/2024 | 10.02 | 8.82 | LU2344713685 |
Portfolio Managers
Portfolio Managers
