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Fixed Income

MDWIX

Strategic Global Bond Fund

Overview

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Performance

Performance

  • Returns

  YTD 1m 3m 1y 3y 5y 10y
6.89 2.54 4.15 7.27 9.49 12.26 42.58
2.61 -1.56 -0.01 2.98 5.11 7.78 36.87
Benchmark (%) Index: Bloomberg Barclays Global Aggregate Bond Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 5.57 2.22 3.29 5.85 4.95 6.16 32.93
Morningstar Category Avg. (%) World Bond 5.11 -0.27 2.64 4.10 6.76 2.93 35.82
Lipper Category Avg. (%) Global Income Funds 6.43 2.06 3.28 6.37 8.30 9.09 47.08
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.” 

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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BlackRock Fixed Income Funds Delivered
19 of 24 U.S. bond funds, accounting for 97% of our active mutual fund assets, outperformed within their Morningstar peer groups. Based on institutional share class.*
BlackRock Fixed Income Funds Delivered

Key Facts

Key Facts

Size of Class (Millions) as of Sep 18, 2019 $74.2 M
Size of Fund (Millions) as of Sep 18, 2019 $278.4 M
Share Class launch date Oct 21, 1994
Asset Class Fixed Income
Morningstar Category World Bond
Lipper Classification Global Income Funds
Benchmark Index Bloomberg Barclays Global Aggregate Bond Index
CUSIP 09252X103
Number of Holdings as of Aug 30, 2019 1,297
Max Offer Price as of Sep 18, 2019 $6.34
Open to New Investors Yes
Turnover Percent as of Aug 31, 2019 344%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Aug 31, 2019 84.87
Beta (3y) as of Aug 31, 2019 0.84
Average Coupon as of Aug 30, 2019 5.16%
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2019 4.16%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2016 -4.96%
Fund Standard Deviation (3y) as of Aug 31, 2019 4.20

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.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for Strategic Global Bond Fund, Class A, as of Aug 31, 2019 rated against 199 World Bond Funds.

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 Aug 31, 2019 out of 172, 5,851, 172, 184 and 172 Funds, respectively in Lipper's Global Income Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jul 26, 2019) ‡

Holdings

Holdings

as of Aug 30, 2019
Name Weight (%)
UMBS 30YR TBA(REG A) 11.88
ITALY (REPUBLIC OF) 0.95 03/01/2023 2.07
GNMA2 30YR 2016 PRODUCTION 1.71
TREASURY (CPI) NOTE 0.5 04/15/2024 1.55
RUSSIAN FEDERATION 8.5 09/17/2031 1.48
Name Weight (%)
ITALY (REPUBLIC OF) 1.75 07/01/2024 1.43
CANADA (GOVERNMENT OF) 2 09/01/2023 1.37
MEXICO (UNITED MEXICAN STATES) 6.5 06/09/2022 1.30
GERMANY (FEDERAL REPUBLIC OF) 0 04/14/2023 1.24
MEXICO (UNITED MEXICAN STATES) 10 12/05/2024 1.12

Exposure Breakdowns

Exposure Breakdowns

as of Aug 30, 2019

% of Market Value

Type Fund
as of Aug 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Aug 30, 2019

% of Market Value

Type Fund
as of Aug 30, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Aug 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Aug 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Aug 30, 2019

% 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
Chief Investment Officer and Co-Head of Global Fixed Income

    

Amer Bisat
Emerging Markets Portfolio Manager

   

Russell Brownback
Russell Brownback
Bob Miller
Head of U.S. Multi-Sector Fixed Income

  

Trevor Slaven
Trevor Slaven
Portfolio Manager

Literature

Literature

 

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