| Morningstar Fund Report | 13/04/2025 |  |
BlackRock Global Funds - Fixed Income Global Opportunities Fund D2 |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 1.4 | 5.8 | 1.1 | 6.9 | -1.2 |
| +/-Cat | 0.2 | 2.8 | -0.7 | -0.6 | 0.3 |
| +/-B’mrk | 2.1 | 7.3 | 0.4 | 1.8 | 0.6 |
| Category: Global Flexible Bond - USD Hedged | ||||||
| Category Benchmark: Morningstar Gbl Core Bd GR ... | ||||||
| Key Stats | ||
| NAV 11/04/2025 | USD 17.34 | |
| Day Change | -1.25% | |
| Morningstar Category™ | Global Flexible Bond - USD Hedged | |
| ISIN | LU0278469043 | |
| Fund Size (Mil) 31/03/2025 | USD 7623.95 | |
| Share Class Size (Mil) 11/04/2025 | USD 560.05 | |
| Max Initial Charge | 5.26% | |
| Ongoing Charge 04/02/2025 | 0.70% | |
| Morningstar Research |
| Analyst Report | 11/02/2025 Eric Jacobson, Director Morningstar, Inc |
Management adjustments and a planned retirement aren’t likely to dent the appeal of BlackRock’s Strategic Income Opportunities strategy. Broad and deep analytical resources combined with a well-honed process continue to support a Morningstar... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 25 |
| Parent | 24 |
| Process | 25 |
| Performance | |
| Price | |
| Investment Objective: BlackRock Global Funds - Fixed Income Global Opportunities Fund D2 |
| The Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in fixed income transferable securities denominated in various currencies issued by governments, agencies and companies worldwide. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
Rick Rieder 14/05/2013 | ||
Aidan Doyle 08/01/2020 | ||
| Click here to see others | ||
Inception Date 18/10/2012 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| Not Benchmarked | Morningstar Gbl Core Bd GR Hdg USD |
| Portfolio Profile for BlackRock Global Funds - Fixed Income Global Opportunities Fund D2 | 28/02/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | 5.48 | 3.42 | 3.05 | 1.36 | 5.79 | 1.11 | 6.85 | -1.23 |
| +/- Category | 0.71 | -1.75 | 0.71 | 0.19 | 2.79 | -0.75 | -0.56 | 0.30 |
| +/- Category Index | -2.73 | -0.47 | 0.52 | 2.13 | 7.27 | 0.40 | 1.85 | 0.60 |
| % Rank in Category | 36 | 75 | 42 | 43 | 31 | 64 | 60 | 28 |
| Trailing Returns (GBP) | 11/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -1.25 | -0.23 | -0.42 |
| 1 Week | -2.53 | -0.16 | -0.17 |
| 1 Month | -2.32 | -0.21 | -1.55 |
| 3 Months | -5.80 | -0.05 | -0.91 |
| 6 Months | 0.48 | 0.13 | -0.20 |
| YTD | -3.86 | 0.10 | -0.42 |
| 1 Year | 1.13 | 0.44 | 0.20 |
| 3 Years Annualised | 3.02 | 0.25 | 1.62 |
| 5 Years Annualised | 2.35 | 0.46 | 3.52 |
| 10 Years Annualised | 3.69 | -0.13 | 0.86 |
| Category: Global Flexible Bond - USD Hedged | |||
| Category Index: Morningstar Gbl Core Bd GR Hdg USD | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -1.23 | - | - | - |
| 2024 | 1.59 | 0.78 | -1.82 | 6.30 |
| 2023 | -1.64 | -2.24 | 4.16 | 0.95 |
| 2022 | -0.21 | 5.21 | 6.82 | -5.67 |
| 2021 | -1.05 | 0.73 | 2.52 | -0.81 |
| 2020 | 0.29 | 7.60 | -2.07 | -2.49 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Global Flexible Bond - USD Hedged | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar Gbl Core Bd GR Hdg USD | Bloomberg US Corp 1-3 Yr TR USD | |
| 3-Yr Beta | 0.63 | 1.67 |
| 3-Yr Alpha | 1.17 | 0.27 |
| Fixed Income Style | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 28/02/2025 |
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| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 285 |
| Total Number of Bond Holdings | 3815 |
| Assets in Top 10 Holdings | 28.46 |
| Name | Sector | Country | % of Assets | ||
 Federal National Mortgage Association |  | United States | 10.74 | ||
| Federal National Mortgage Association | | United States | 7.57 | ||
| Federal National Mortgage Association | | United States | 4.37 | ||
| TRSWAP: IBOXHY INDEX | | United Kingdom | 0.99 | ||
| Government National Mortgage Association | | United States | 0.99 | ||
| Government National Mortgage Association | | United States | 0.99 | ||
| Spain (Kingdom of) | | Spain | 0.96 | ||
| Spain (Kingdom of) | | Spain | 0.77 | ||
 TRSWAP: IBOXHY INDEX | | France | 0.54 | ||
| Federal Home Loan Mortgage Corp. | | United States | 0.53 | ||
Increase Decrease  New since last portfolio | |||||
| Category: Global Flexible Bond - USD Hedged | |||||
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| Biography | |
| 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 roughly $2.4 trillion in assets, Mr. Rieder is a member of BlackRock’s Global Executive Committee (GEC) and its GEC Investments Sub-Committee. He is also a member of BlackRock's Global Operating Committee, and Chairman of the firm-wide BlackRock Investment Council. Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He 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. Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He has been awarded the 2023 Outstanding Portfolio Manager by Morningstar, 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. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar. From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as 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 program, Graduation Generation Public School Collaboration in Atlanta. Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, New Jersey. 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, and Trustee for the US Olympic Foundation. |
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| Fund Manager | Aidan Doyle |
| Manager Start Date | 08/01/2020 |
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| Biography | |
| CFA, Managing Director, is a portfolio manager within the Global Bond Team. He is co-lead manager for the BGF World Bond Fund, the BGF Global Government Bond Fund, the BGF Fixed Income Global Opportunities Fund, BGF Sustainable Fixed Income Global Opportunities Fund, and the BGF US Dollar Bond Fund. Mr. Doyle began his career at BlackRock in 2010 when he joined the Global Bond Team as a portfolio manager. He is responsible for developing macro directional and relative value investment strategies and managing the team's global aggregate and global government bond portfolios. Mr Doyle. has a MSc degree in Finance from the Imperial College London, with a focus on fixed income and derivatives. He earned a BA degree in Economics, with honors, from Trinity College Dublin, with a focus on financial economics. |
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| Fund Manager | Russell Brownback |
| Manager Start Date | 27/10/2022 |
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| Biography | |
| Managing Director, is Head of Global Macro Positioning for Fixed-Income and a member of the Global Fixed-Income Executive Committee. He is a portfolio manager for unconstrained multi-sector and global fixed-income 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 and Emerging Markets bond trading desks. Mr. Brownback earned a BA in Economics from Hobart College and an Master in Management from the 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. |
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