BlackRock Strategic Funds Fixed Income Strategies

Investment Objective

The fund seeks to achieve positive total returns in euro over a rolling three-year cycle. The Fund will seek to achieve this investment objective by investing at least 70% of its total assets in the fixed income transferable securities and fixed income related securities (including derivatives) of governments, agencies or corporate issuers worldwide. The asset allocation of the Fund is intended to be flexible - the Fund will maintain the ability to switch exposure as market conditions and other factors dictate, including making investment into physical cash, deposits, money market instruments or currency forwards.

Morningstar Category: Global Flexible Bond - EUR Hedged

Reference Index

N/A

Latest Meeting Note

Meeting 15 Sep 2020

The BlackRock Strategic Funds Fixed Income Strategies is the largest credit UCITS fund ($6.6bn as at June 2020). The fund is run by the BlackRock Euro Fixed Income team led by Micheal Krautzberger and Tom Mondelaers and has a core focus ... Read more

The BlackRock Strategic Funds Fixed Income Strategies is the largest credit UCITS fund ($6.6bn as at June 2020). The fund is run by the BlackRock Euro Fixed Income team led by Micheal Krautzberger and Tom Mondelaers and has a core focus on the Investment Grade segment of the European fixed income market. The strategy seeks to implement as many trades as possible in a relative value style.  As a result the fund typically doesn’t hold static overweights in markets like high yield or subordinated bonds, which also helps to reduce the fund’s volatility (which is targeted at 1-3% annualised). The portfolio is generally diversified, with about 50 trades on at any one time. About 2/3rd of those are implemented via relative value strategies where the expected return contribution of each trade is a few basis points. Examples of relative value strategies include Sector/Country discrepancies (e.g. Spanish government bonds vs. Spanish banks), Capital Structure, Spread and Yield Curve.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 0.8 0.3 0.2 0.7 1.0 0.4 0.8 0.3 0.8 0.8 0.4 0.9 0.7
2022 0.7 0.1 0.8 0.1 0.7 0.6 0.5 0.4 0.1 0.1 0.6 0.3 0.8

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Current Site Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.