Fixed Income

MHWIX

Strategic Global Bond Fund

  • NAV as of Jun 12, 2025 $5.36
    52 WK: 5.13 - 5.44
  • 1 Day NAV Change as of Jun 12, 2025 0.02 (0.37%)
  • NAV Total Return as of Jun 12, 2025 YTD: 4.77%

Overview

About this Fund

1. A diversified global bond portfolio

2. Accessing the full capacity of the global bond market

3. Seeks income and returns

Investment Approach

The BlackRock Strategic Global Bond Fund takes a diverse and unbiased approach seeking to avoid concentrated bets while offering an attractive source of diversification and return opportunities.
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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 2.46 -1.11 -0.38 0.75
Return w/ Sales Charge (%) 1.46 -1.11 -0.38 0.75
Benchmark (%) 3.05 -1.63 -1.38 0.61
Morningstar Category Avg. (%) 3.15 -0.17 0.64 0.64
Morningstar Ranking 102/159 78/158 83/151 59/123
Morningstar Quartile 3 3 3 2
Lipper Category Avg. (%) 3.77 0.41 0.76 1.12
Lipper Ranking 164/209 144/203 135/188 99/143
Lipper Quartile 4 3 3 3
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 1.34 -0.12 1.34 2.46 -3.30 -1.90 7.80
Return w/ Sales Charge (%) 0.34 -1.11 0.34 1.46 -3.30 -1.90 7.80
Benchmark (%) 2.64 0.62 2.64 3.05 -4.80 -6.73 6.23
Morningstar Category Avg. (%) 2.64 0.57 2.64 3.15 -0.52 3.25 6.60
Lipper Category Avg. (%) 2.25 0.02 2.25 3.77 1.42 4.26 12.43
  2020 2021 2022 2023 2024
Total Return (%) 7.97 -2.07 -15.56 5.89 -0.54
Annual w/ Sales Charge (%) 6.97 -3.04 -16.39 4.89 -1.52
Benchmark (%) 9.20 -4.71 -16.25 5.72 -1.69
Morningstar Category Avg. (%) 8.35 -4.18 -13.84 6.57 -0.76

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The Fund’s returns prior to September 1, 2015 are the returns of the Fund when it followed different investment strategies under the name “BlackRock World Income Fund, Inc.” 
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Jun 12, 2025
$879.4 M
Share Class launch date
Oct 02, 2006
Benchmark Index
Bloomberg Global Aggregate Bond Index
Morningstar Category
Global Bond
CUSIP
09252X301
Open to New Investors
Yes
Size of Class (Millions)
as of Jun 12, 2025
$2.7 M
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
Global Income Funds
Max Offer Price
as of Jun 12, 2025
$5.36
Turnover Percent in the Annual Report
as of Dec 31, 2024
293.00%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of May 30, 2025
3,443
Alpha (3y)
as of May 31, 2025
-0.01
R-Squared (3y)
as of May 31, 2025
96.89
Beta (3y)
as of May 31, 2025
0.87
Unsubsidized 30-Day SEC Yield
as of May 31, 2025
3.31%
Effective Duration
as of May 30, 2025
5.34 yrs
Best 3-Month Return Over the Last 3 Years
3 months ending Dec 31, 2023
8.18%
30 Day SEC Yield
as of May 31, 2025
3.52%
Yield to Maturity
as of May 30, 2025
5.36%
Fund Standard Deviation (3y)
as of May 31, 2025
7.81
Average Coupon
as of May 30, 2025
4.40%
Yield to Worst
as of May 30, 2025
5.26%
Weighted Average Life
as of May 30, 2025
8.22 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Oct 31, 2022
-8.57%

For the latest month-end Distribution Yield, click here.


This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.74%
Net Expense Ratio 1.54%

Net Expense Ratio excluding Investment Related Expenses is 1.53%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective May 28, 2025)
Analyst-Driven % as of May 28, 2025
100.00
Data Coverage % as of May 28, 2025
100.00

Lipper Leader

 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of May 31, 2025 out of 204, 6,104, 204, 93 and 204 Funds, respectively in Lipper's Global Income Funds classification.

Holdings

Holdings

as of May 30, 2025
Name Weight (%)
UMBS 30YR TBA(REG A) 10.57
CANADA (GOVERNMENT OF) 2.75 03/01/2030 2.35
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.67 06/15/2026 2.09
GNMA2 30YR TBA(REG C) 1.87
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.02 05/27/2031 1.85
Name Weight (%)
SPAIN (KINGDOM OF) 3.15 04/30/2035 1.60
FNMA 30YR UMBS 1.33
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.05 04/15/2029 1.23
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.07
IRELAND (GOVERNMENT) 2.6 10/18/2034 1.06
Name Market Value Weight (%) Shares Maturity Coupon (%)
Detailed Holdings and Analytics
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of May 30, 2025

% of Market Value

Type Fund Benchmark Net
as of May 30, 2025

% of Market Value

Type Fund Benchmark Net
as of May 30, 2025

% of Market Value

Type Fund Benchmark Net
as of May 30, 2025

% of Market Value

Type Fund Benchmark Net
as of May 30, 2025

% of Market Value

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

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. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Chief Investment Officer of Global Fixed Income

        

Read More

Rick Rieder, Senior Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business and Head of the Global Allocation Investment Team.

 

Responsible for managing roughly $2.4 trillion in assets, Mr. Rieder is a member of BlackRock’s Global Executive Committee (GEC) and its GEC Investment Sub-Committee. He also is Chairman of the firm-wide BlackRock Investment Council.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014 and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013.

 

Mr. Rieder has served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. From 1987 to 2008, he was with Lehman Brothers where he was head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Goizueta Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the Goizueta Business School's BBA investment fund and community financial literacy outreach program, Graduation Generation. Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, NJ. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation in Atlanta, and Trustee for the U.S. Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

 

Russell Brownback
Russell Brownback
Head of Global Macro Positioning Team within Global Fixed Income

    

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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.


Prior to joining BlackRock in 2009, Mr. Brownback was a Senior Partner with R3 Capital Partners. From 1992 to 2008, he was with Lehman Brothers, most recently as a Managing Director and proprietary trader/portfolio manager for the Global Principal Strategies team.


Previously, he was the head of the firm's Corporate Bond trading desk and an industrial sector bond trader. During his tenure , he also traded emerging markets and cross over sovereign bonds.


Mr. Brownback earned a BA degree in economics from Hobart College in 1987 and an MBA from the J.L. Kellogg Graduate School of Management at Northwestern University. He has been an adjunct professor for both graduate and undergraduate studies at Syracuse University's Whitman School of Business.

Dylan Price
Dylan Price
Director

  

Read More

Dylan Price, Director, is a Portfolio Manager on BlackRock's Global Fixed Income team. Notably, Dylan is a Portfolio Manager on the iShares Flexible Income Active ETF, Strategic Global Bond Fund, World Bond Fund, Global Government Bond Fund, and the Impact Bond Fund.

 

Dylan also produces macro-economic and market-based research for both internal and external facing presentation. He is a co-author of the Rick Rieder Monthly Markets Call.

 

Dylan earned a BBA degree, with distinction, in Finance from the Goizueta Business School at Emory University.

Portfolio Manager

Literature

Literature

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