FEATURED ISHARES ETFS
Models & SMAs
Models & SMAs
Skip to content
Welcome to the BlackRock site for advisors
To reach a different BlackRock site directly, please update your user type.
An adaptable approach to today’s changing bond markets
A flexible bond strategy can potentially deliver strong performance with low volatility by diversifying across global markets. BlackRock Strategic Income Opportunities Fund seeks attractive opportunities typically not found in traditional core bond funds.
This article has a related client version.
Performance and positioning update
- The fund posted a positive return for the month of April amidst rising global banking concerns, the Fed nearing the end of its hiking cycle and the U.S. debt ceiling deadline coming more into focus.
- We tactically added duration across the curve, while also adding to Non-US Sovereigns, primarily in Europe, as well as Emerging Market debt.
Diversified sources of return
Subscribe to Strategic Income Opportunity insights
Get timely market outlooks and portfolio positioning insights delivered to your inbox each month.
Please try again
Thank you
Thank you for your subscription
David Rogal
Managing Director, Multi-sector Mutual Fund Team within Global Fixed Income
David Rogal, Managing Director, is a member of the Multi-Sector Retail & Rates team within BlackRock's Americas Fixed Income Group. He is a portfolio manager on the Multi-Sector Mutual Fund Team.
Rick Rieder
Chief Investment Officer of Global Fixed Income
Rick is BlackRock's Chief Investment Officer of Global Fixed Income, and Head of the Global Allocation Investment Team.
Russell Brownback
Head of Global Macro Positioning Team within Global Fixed Income
Russell Brownback, Managing Director, is head of the Global Macro Positioning team. He is a co lead manager of the BlackRock Strategic Global Bond Fund and other flexible global aggregate mandates.
Related resources
More articles loaded. Use Shift+Tab keys to browse.
Access exclusive tools and content
Obtain exclusive insights, CE courses, events, model allocations and portfolio analytics powered by Aladdin® technology.
Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of dividends and capital gains. Current performance may be lower or higher than that shown. Refer to blackrock.com for most recent month-end performance.
To obtain more information on the fund, including the Morningstar time period ratings and standardized average annual total returns as of the most recent calendar quarter and current month-end, please visit Strategic Income Opportunities Fund.
The Morningstar RatingTM for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Explore more
Products
-
PRODUCTS
-
FEATURED ISHARES ETFS
-
Models & SMAs
Investment Strategies
-
Models & SMAs
-
PORTFOLIO CONSTRUCTION
-
FEATURED
Practice
-
PRACTICE MANAGEMENT
-
CLIENT RESOURCES
-
RETIREMENT
Insights
Tools
Resources
© 2023 BlackRock, Inc. All rights reserved.
Investing involves risk, including possible loss of principal.
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.
Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions.
International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/ developing markets or in concentrations of single countries.
Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.
Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities.
Short-selling entails special risks. If the fund makes short sales in securities that increase in value, the fund will lose value. Any loss on short positions may or may not be offset by investing short-sale proceeds in other investments.
The funds may use derivatives to hedge its investments or to seek to enhance returns. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility.
The opinions expressed are those of the fund's portfolio management team as of May 16, 2023 and may change as subsequent conditions vary. Information and opinions are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. Percent of net assets figures represent the Fund’s exposure based on the economic value of securities adjusted for futures, options, swaps and convertible bonds.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").
BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings
©2023 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, FACTORSELECT, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
USRRMH0523U/S-2913298