Morningstar Fund Report  | 05/04/2025Print

BlackRock Strategic Funds - Emerging Markets Flexi Dynamic Bond Fund D2 USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BlackRock Strategic Funds - Emerging Markets Flexi Dynamic Bond Fund D2 USD
Fund-10.85.49.04.7-1.7
+/-Cat-7.911.04.8-2.0-1.1
+/-B’mrk-9.011.14.80.6-1.2
 
Category: Global Emerging Markets Bond
Category Benchmark: Morningstar EM Sov Bd GR USD
Key Stats
NAV
04/04/2025		 USD 133.58
Day Change 0.65%
Morningstar Category™ Global Emerging Markets Bond
ISIN LU0949128572
Fund Size (Mil)
03/04/2025		 USD 1115.30
Share Class Size (Mil)
03/04/2025		 USD 0.80
Max Initial Charge 5.00%
Ongoing Charge
10/02/2025		  1.04%
Investment Objective: BlackRock Strategic Funds - Emerging Markets Flexi Dynamic Bond Fund D2 USD
The sub-fund seeks to maximise total return. The Fund will seek to achieve this investment objective by taking long, synthetic long and synthetic short investment exposures. The Fund will seek to gain at least 70% of its investment exposure through fixed income transferable securities and fixed income related securities (including derivatives), denominated in both emerging market and nonemerging market currencies, issued by, or giving exposure to, governments and agencies of, and companies domiciled in, or exercising the predominant part of their economic activity in, emerging markets.
Returns
Trailing Returns (GBP)04/04/2025
YTD-2.24
3 Years Annualised5.37
5 Years Annualised2.17
10 Years Annualised3.87
12 Month Yield 0.00
Management
Manager Name
Start Date
Nigel Luk
06/12/2024
Michal Wozniak
01/04/2014
Click here to see others
Inception Date
03/07/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
SOFR 3 month USDMorningstar EM Sov Bd GR USD
Portfolio Profile for  BlackRock Strategic Funds - Emerging Markets Flexi Dynamic Bond Fund D2 USD28/02/2025
Fixed Income
Effective Maturity8.54
Effective Duration5.18
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond96.7226.1670.56
Property0.000.000.00
Cash362.48327.9334.56
Other1.348.53-7.19
Growth Of 1000 (GBP) 31/03/2025
Fund:  BlackRock Strategic Funds - Emerging Markets Flexi Dynamic Bond Fund D2 USD
Category:  Global Emerging Markets Bond
Category Index:  Morningstar EM Sov Bd GR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-5.822.3411.39-10.785.368.964.69-1.70
+/- Category-5.50-5.368.72-7.9011.024.75-1.97-1.11
+/- Category Index-8.05-7.668.33-8.9611.144.840.57-1.25
% Rank in Category9589399387090
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.65   2.092.17
1 Week-0.50   0.750.34
1 Month-3.38   0.270.46
3 Months-3.90   -0.72-0.97
6 Months0.47   0.391.88
YTD-2.24   -0.16-0.27
1 Year0.90   -1.39-0.91
3 Years Annualised5.37   1.753.41
5 Years Annualised2.17   -0.460.76
10 Years Annualised3.87   0.140.05
 
Category: Global Emerging Markets Bond
Category Index: Morningstar EM Sov Bd GR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.70---
20241.210.00-0.343.80
2023-0.94-0.022.717.11
2022-0.142.595.86-2.85
2021-6.53-0.212.64-6.81
20202.0610.31-3.242.25
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighBelow Average5 star
5-YearAbove AverageBelow Average4 star
10-YearAverageBelow Average4 star
OverallAbove AverageBelow Average4 star
 
Category :  Global Emerging Markets BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.45 %
3-Yr Mean Return5.98 %
 
3-Yr Sharpe Ratio0.28
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM Sov Bd GR USD  Morningstar EM Govt Bd LCCY GR USD
3-Yr Beta0.560.61
3-Yr Alpha1.891.51
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 1099
Maturity Distribution %
1 to 38.94
3 to 527.14
5 to 714.10
7 to 1014.85
10 to 1513.66
15 to 207.14
20 to 307.95
Over 302.92
Effective Maturity8.54
Effective Duration5.18
Credit Quality Breakdown %     %
AAA0.00   BB28.70
AA2.33   B25.22
A7.02   Below B15.75
BBB16.76   Not Rated4.22
 
Category: Global Emerging Markets Bond
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond96.7226.1670.56
Property0.000.000.00
Cash362.48327.9334.56
Other1.348.53-7.19
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings1
Total Number of Bond Holdings321
Assets in Top 10 Holdings9.52
NameSectorCountry% of Assets
Turkey (Republic of)Turkey3.67
South Africa (Republic of)South Africa3.05
Turkey (Republic of)Turkey2.80
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Bond
 
Management
Name of CompanyBlackRock (Luxembourg) SA
Phone+44 20 77433000
Websitewww.blackrock.com
Address35 A, avenue J.F. Kennedy,
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date03/07/2013
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd.
Fund ManagerNigel Luk
Manager Start Date06/12/2024
Fund ManagerMichal Wozniak
Manager Start Date01/04/2014
Career Start Year2000
Education
2001, Warsaw School of Economics, M.A.
 
Biography
Michal Wozniak, CFA, Director, is a Portfolio Manager for Emerging Markets Debt Portfolio Management team for Blackrock Global Fixed Income Group. He has responsibility for managing local rates within dedicated local currency bond portfolios and multi-segment strategies, including, local rates, sovereign debt emerging market currencies. Prior to joining BlackRock in November 2013, Mr. Wozniak was working as a portfolio manager in Emerging Markets Debt teams in Lombard Odier Investment Managers and JPMorgan Asset Management, focusing on global local and hard currency fixed income strategies. Before that, he was responsible for Eastern European strategies in Fortis Investments in London. From 2002 until 2007 he was working in Credit Suisse Asset Management in Warsaw, initially as a portfolio manager and later heading the fixed income team. Michal started his professional career in 2000 as an equity analyst in ABN AMRO Asset Management. Michal earned a Master’s in Finance and Banking from the Warsaw School of Economics in 2001.
Fund ManagerLaurent Develay
Manager Start Date12/06/2013
Career Start Year1999
Education
Grande Ecole program at Ecole Suprieure Libre des Sciences, B.A.
1998, University of California, Certificat
 
Biography
Laurent Develay, Director, is a portfolio manager on the Emerging Markets Debt team within BlackRock's Portfolio Management Group. He has responsibility for managing emerging market currencies and local debt investments. Prior to joining BlackRock in June 2012, Mr. Develay was a portfolio manager in the Emerging Markets Debt team at Fischer Francis Trees & Watts (FFTW, a BNP Paribas Investment Partner) with an alpha focus on EM currencies and regional research coverage of Latin America. Prior to the merger between BNP Paribas and Fortis, Mr. Develay was head of the currency and commodity trading team at Fortis Investments for five years in Paris and London with a strong focus on emerging markets currencies. Previously, Mr. Develay served as a currency trader at AXA Investment Managers where he started his career in 1999. Mr. Develay earned Master in Finance in 1996 from the E.S.L.S.C.A. in Paris and a Certificate in Finance from UC Berkeley Extension in 1998.
Fund ManagerAna-Sofia Monck
Manager Start Date06/12/2024
Career Start Year2018
Education
Cambridge University, First Clas
 
Biography
Ana-Sofia Monck, Vice President, is a Portfolio Manager in the Emerging Market Debt team within BlackRock's Global Fixed Income Group, focusing on the EM Absolute Return fund. Ana-Sofia joined BlackRock in 2018 after graduating from Cambridge University with first class honours in Economics.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*2.00%
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge1.04%
Purchase Details
Minimum Investments
Initial100000  USD
Additional1000  USD
Savings-
Tax Free Savings Schemes
ISAsYes