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.
The value of your investment and the income from it will vary and your initial investment amount is not guaranteed.
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
The Fund’s investments may have low liquidity, which often causes the value of these investments to be less predictable. In extreme cases the Fund may not be able to realise the investment at the latest market price or at a price considered fair.
Performance
Performance
Chart
Distributions
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Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 9.3 | 1.1 | 9.1 | 5.6 | -1.6 | 8.4 | 7.2 | -2.5 | -16.5 | 10.3 |
| Constraint Benchmark 1 (%) | 12.7 | 0.6 | 11.7 | 4.9 | -2.0 | 10.8 | 8.7 | -3.0 | -19.5 | 9.7 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 6.07 | -2.49 | -0.56 | 1.96 | 3.50 |
| Constraint Benchmark 1 (%) | 7.47 | -3.70 | -0.93 | 2.15 | - |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 1.12 | 1.49 | -0.33 | 4.11 | 6.07 | -7.28 | -2.76 | 21.40 | 174.85 |
| Constraint Benchmark 1 (%) | 2.47 | 1.72 | 0.55 | 3.45 | 7.47 | -10.70 | -4.57 | 23.65 | - |
| From 30-Sept-2019 To 30-Sept-2020 |
From 30-Sept-2020 To 30-Sept-2021 |
From 30-Sept-2021 To 30-Sept-2022 |
From 30-Sept-2022 To 30-Sept-2023 |
From 30-Sept-2023 To 30-Sept-2024 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of 30/Sept/2024 |
3.85 | 0.90 | -23.73 | 10.38 | 10.90 |
|
Constraint Benchmark 1 (%)
as of 30/Sept/2024 |
4.23 | 0.20 | -24.51 | 8.55 | 10.78 |
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 GBP, hedged share class benchmark performance is displayed in GBP.
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
Portfolio Characteristics
Portfolio Characteristics
ESG Integration
ESG Integration
Risk Indicator
Risk Indicator
Ratings
Ratings
Holdings
Holdings
| Name | Weight (%) |
|---|---|
| UK CONV GILT 4.25 09/07/2039 | 5.58 |
| UK CONV GILT 4.125 07/22/2029 | 3.56 |
| TIME WARNER CABLE LLC 5.75 06/02/2031 | 3.09 |
| UK CONV GILT 4.5 09/07/2034 | 3.05 |
| METROPOLITAN LIFE GLOBAL FUNDING I RegS 5 01/10/2030 | 2.99 |
| Name | Weight (%) |
|---|---|
| UBS GROUP AG MTN RegS 7.75 03/01/2029 | 2.93 |
| TESCO PROPERTY RegS | 2.80 |
| ELECTRICITE DE FRANCE SA MTN RegS 5.875 12/31/2079 | 2.27 |
| BANCO SANTANDER SA MTN RegS 4.75 08/30/2028 | 2.16 |
| IMPERIAL BRANDS FINANCE NETHERLAND RegS 5.25 02/15/2031 | 2.13 |
Exposure Breakdowns
Exposure Breakdowns
Pricing & Exchange
Pricing & Exchange
| Investor Class | Currency | Bid Price | Offer Price | ISIN |
|---|---|---|---|---|
| Class A | GBP | 0.93 | 0.93 | GB0003749982 |
| Class X | GBP | 1.35 | 1.35 | GB00BQJZV592 |
| Class S | GBP | 1.34 | 1.34 | GB00BK1PJT53 |
| Class S1 | GBP | 0.99 | 1.00 | GB00BRTCSQ71 |
| Class D | GBP | 1.00 | 1.00 | GB00B4T5JV79 |
| Class D | GBP | 3.57 | 3.58 | GB00B4QC3311 |
| Class A | GBP | 3.34 | 3.35 | GB0005769541 |
| Class S1 | GBP | 0.99 | 1.00 | GB00BRTCSP64 |
| Class S | GBP | 0.96 | 0.96 | GB00BK1PK476 |
Portfolio Managers
Portfolio Managers
Ben Edwards, CFA, Managing Director, is a Portfolio Manager in the Sterling Bond Portfolio team within BlackRock's Global Fixed Income Group. Mr. Edwards is the lead fund manager of the BlackRock Corporate Bond Fund and co-manager of the BlackRock Sterling Strategic Bond Fund.
