Fixed Income

BlackRock Global Bond Income Fund

IMPORTANT: 
•  The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. An increase in interest rates may adversely affect the value of the bonds held by the Fund. The Fund may invest in non-investment grade and unrated bonds that may be subject to higher default, volatility and liquidity risks. The Fund invests in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default or other risks.  The Fund invests in asset/ mortgage backed securities that may be subject to greater credit, liquidity, and interest rate risks and are often exposed to extension and prepayment risks. The Fund's income-generating investment strategy may reduce the potential for capital growth and future income of the Fund.
•  The Fund is subject to currency risk, emerging market risk, currency conversion risk including Renminbi denominated Classes, foreign investments restrictions risk, securities lending counterparty risk and contingent convertible bonds risk.
•  Class 3(G) Shares pay dividends gross of expenses. Class 6 Shares and Class 10 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. Class 8 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion and include interest rate differentials arising from share class currency hedging. Negative interest rate differentials may decrease the dividends paid. Paying dividends gross of expenses may result in more income being available for distribution; however these shares may effectively pay dividends from capital – may amount to a partial return or withdrawal of an investor’s original investment or capital gains. All declared dividends result in an immediate reduction in the NAV price of the share class on the ex-dividend date.
•  The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
•  The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
•  Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors. 

Overview

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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

Performance

Performance

Chart

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Distributions

Ex-Date Distribution
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  2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Total Return (%) 9.13 2.51 -0.70 -7.36 8.05 4.37 6.85

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

  1y 3y 5y 10y Incept.
6.85 6.41 2.08 - 2.81
Benchmark (%)

as of 31-Dec-2025

- - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.85 0.28 1.07 3.24 6.85 20.50 10.84 - 22.97
Benchmark (%)

as of 31-Dec-2025

- -0.21 0.78 2.00 - - - - -
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

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 16-Jan-2026
USD 190,251,556
Fund Inception
16-Jul-2018
Fund Base Currency
USD
Benchmark
BBG Global Aggregate Index (USD Hedged) (USD)
Initial Charge
5.00%
ISIN
LU1842103472
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BGFBIA6
SFC-authorised ESG fund
No
Share Class Inception Date
16-Jul-2018
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Management Fee
1.00%
Management Fee (incl Distribution Fee, if any)
1.00%
Minimum Initial Investment
USD 5000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Global Flexible Bond - USD Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFWGQN5
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-Dec-2025
1053
Standard Deviation (3y)
as of 31-Dec-2025
3.80%
Modified Duration
as of 31-Dec-2025
4.41 yrs
Effective Duration
as of 31-Dec-2025
3.65
WAL to Worst
as of 31-Dec-2025
5.19
12M Trailing Distribution
as of 31-Dec-2025
6.16%
Yield to Maturity
as of 31-Dec-2025
5.75
Yield to Worst
as of 31-Dec-2025
5.40
Weighted Avg Maturity
as of 31-Dec-2025
5.19

Ratings

Ratings

Morningstar Rating

3 stars
As of 31-Dec-2025
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 31-Dec-2025
Name Weight (%)
UMBS 30YR TBA(REG A) 18.74
ISHARES CREDIT INCOME ACTIVE SYD 0.66
FNMA 30YR UMBS SUPER 0.61
JPMORGAN CHASE & CO 6.07 10/22/2027 0.60
IRELAND (GOVERNMENT) 2.6 10/18/2034 0.57
Name Weight (%)
SPAIN (KINGDOM OF) 3.15 04/30/2035 0.47
ITALY (REPUBLIC OF) 3.65 08/01/2035 0.46
SPAIN (KINGDOM OF) 2.7 01/31/2030 0.45
FHLMC_5467 FC 0.41
CAIXABANK SA RegS 5.875 12/31/2079 0.41
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 31-Dec-2025

% of Weight

Type Fund
as of 31-Dec-2025

% of Weight

Type Fund
as of 31-Dec-2025

% of Weight

Type Fund
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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A6 USD 8.51 0.00 0.00 16-Jan-2026 8.58 8.28 LU1842103472
Class D2 CHF Hedged CHF 10.08 -0.01 -0.10 16-Jan-2026 10.10 9.66 LU1842103712
A6 Hedged GBP 8.02 -0.01 -0.12 16-Jan-2026 8.09 7.83 LU1978683255
A6 Hedged HKD 80.10 -0.06 -0.07 16-Jan-2026 81.65 79.23 LU1978682877
D2 USD 12.81 -0.01 -0.08 16-Jan-2026 12.83 11.86 LU1842103555
Class D2 EUR Hedged EUR 10.93 -0.01 -0.09 16-Jan-2026 10.94 10.30 LU1842103639
A6 Hedged CAD 8.02 -0.01 -0.12 16-Jan-2026 8.18 7.93 LU1978682950
A8 Hedged CNH 85.85 -0.06 -0.07 16-Jan-2026 86.22 83.23 LU1978683685
A2 USD 12.35 -0.01 -0.08 16-Jan-2026 12.36 11.47 LU1842103399
A6 Hedged AUD 7.87 0.00 0.00 16-Jan-2026 7.94 7.69 LU1978683339
Class D2 GBP Hedged GBP 11.98 -0.01 -0.08 16-Jan-2026 11.99 11.11 LU1842103803
D6 USD 10.15 -0.01 -0.10 16-Jan-2026 10.22 9.84 LU2943721568
D2 EUR 11.03 -0.02 -0.18 16-Jan-2026 11.68 10.43 LU1864663650
A10 Hedged SGD 9.52 0.00 0.00 16-Jan-2026 9.77 9.46 LU2723611187
A6 Hedged SGD 7.78 -0.01 -0.13 16-Jan-2026 8.00 7.75 LU1978683172
A3G USD 10.20 -0.01 -0.10 16-Jan-2026 10.27 9.90 LU2620702121
A6 Hedged NZD 8.10 -0.01 -0.12 16-Jan-2026 8.23 7.98 LU1978683412
A10 Hedged HKD 96.20 -0.07 -0.07 16-Jan-2026 97.97 95.05 LU2725777572
A10 USD 10.05 0.00 0.00 16-Jan-2026 10.15 9.84 LU2708803049
A6 Hedged EUR 7.37 0.00 0.00 16-Jan-2026 7.55 7.31 LU1978683099
Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

Ibrahim Incoglu
Managing Director

  

Navin Saigal
Managing Director

  

Charlotte Widjaja

  

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.

Documents

Documents