Fixed Income

BGF Fixed Income Global Opportunities Fund

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.

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.

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Performance

Performance

Chart

View full chart

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Chart
Bar chart with 10 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Values. Range: -10 to 6.
End of interactive chart.
  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) -1,0 1,7 2,4 -3,5 4,4 4,4 -0,5 -8,1 4,8 3,2

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

  1y 3y 5y 10y Incept.
3,19 -0,21 0,65 0,71 1,98
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3,19 -0,36 -1,17 2,52 3,19 -0,63 3,29 7,32 42,17
  From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
From
31-Dec-2023
To
31-Dec-2024
Total Return (%)

as of 31.Dec.2024

4,42 -0,45 -8,14 4,82 3,19

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 EUR, 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

Net Assets of Fund
as of 17.Jan.2025
USD 6 695 491 646
Fund Launch Date
31.Jan.2007
Fund Base Currency
USD
SFDR Classification
Other
Ongoing Charges Figures
0,70%
ISIN
LU0278456651
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Flexible Bond - EUR Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
B1PF5Y5
Share Class launch date
01.Feb.2007
Share Class Currency
EUR
Asset Class
Fixed Income
Initial Charge
5,00%
Management Fee
0,50%
Performance Fee
0,00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MLIHED2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31.Dec.2024
3 560
Yield to Maturity
as of 31.Dec.2024
5,73%
Weighted Average YTM
as of 31.Dec.2024
5,64%
Weighted Avg Maturity
as of 31.Dec.2024
6,60
Standard Deviation (3y)
as of 31.Dec.2024
4,47%
Modified Duration
as of 31.Dec.2024
3,86
Effective Duration
as of 31.Dec.2024
3,42
WAL to Worst
as of 31.Dec.2024
6,60

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.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Fixed Income Global Opportunities Fund, Class D2 Hedged, as of 31.Dec.2024 rated against 1209 Global Flexible Bond - EUR Hedged Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal. (Effective 13.Feb.2024)
Analyst-Driven % as of 13.Feb.2024
100,00
Data Coverage % as of 13.Feb.2024
100,00

Holdings

Holdings

as of 31.Dec.2024
Name Weight (%)
UMBS 30YR TBA(REG A) 12,27
FNMA 30YR UMBS 2,09
GNMA2 30YR TBA(REG C) 0,98
SPAIN (KINGDOM OF) 2.7 01/31/2030 0,81
SPAIN (KINGDOM OF) 3.45 10/31/2034 0,56
Name Weight (%)
IRELAND (GOVERNMENT) 2.6 10/18/2034 0,54
INDIA (REPUBLIC OF) 7.37 10/23/2028 0,44
TREASURY NOTE 5 09/30/2025 0,42
TREASURY NOTE 4.5 11/15/2025 0,42
TREASURY NOTE 3.25 06/30/2029 0,40
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31.Dec.2024

% of Market Value

¹Allocations are subject to change. Source: BlackRock
as of 31.Dec.2024

% of Market Value

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as of 31.Dec.2024

% of Market Value

Allocations subject to change.
as of 31.Dec.2024

% of Market Value

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as of 31.Dec.2024

% of Market Value

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as of 31.Dec.2024

% of Market Value

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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.

Pricing & Exchange

Pricing & Exchange

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

Russell Brownback
Managing Director, Head of Global Macro Positioning for Fixed-Income

  

Aidan Doyle, CFA
Managing Director, Portfolio Manager

  

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 3 years
Example Investment EUR 10 000
Scenario
If you exit after 1 year
If you exit after 3 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
8 530 EUR
-14,7%
7 100 EUR
-10,8%

Unfavourable

What you might get back after costs
Average return each year
8 590 EUR
-14,1%
8 880 EUR
-3,9%

Moderate

What you might get back after costs
Average return each year
9 610 EUR
-3,9%
9 660 EUR
-1,1%

Favourable

What you might get back after costs
Average return each year
10 620 EUR
6,2%
10 310 EUR
1,0%

The stress scenario shows what you might get back in extreme market circumstances.