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Morningstar

BlackRock Strategic Global Bond Instl MAWIX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 5.14  /  0.00
  • Total Assets 777.9 Mil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Global Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 2.0 Mil
  • Status Open
  • TTM Yield 2.31%
  • Effective Duration 6.02 years

USD | NAV as of May 31, 2024 | 1-Day Return as of May 31, 2024, 11:14 PM GMT+0

Morningstar’s Analysis MAWIX

Will MAWIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MAWIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MAWIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MAWIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

BlackRock Strategic Global Bond has what it takes to deliver.

Senior Analyst Elbie Louw

Elbie Louw

Senior Analyst

Summary

Despite some changes to the lineup over the years, the BlackRock Strategic Global Bond team remains impressive and deftly executes a strong investment process. The strategy is currently managed by Rick Rieder and Amer Bisat, aided by two members of BlackRock's‎ macro-positioning team, Russ Brownback and Trevor Slaven, who were added to the roster in 2018. While this team lost an experienced skipper when comanager Bob Miller retired in March 2023, the remaining team continues to execute the strategy in keeping with its process. The group's seasoned investors bring a wealth of experience, and while some key-person risk remains given Rieder's strong leadership, we have no immediate concerns about succession planning.

by Elbie Louw
Rated on Published on

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Portfolio Holdings MAWIX

More MAWIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −48.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

48.16 362.9 Mil
—

Three Month SONIA Index Future Dec 24

10.13 76.3 Mil
Government

Three-Month Sofr Future Dec 23

8.64 65.1 Mil
Government

EUR/USD Purchased

7.91 59.6 Mil
Derivative

BlackRock Liquidity T-Fund Instl

6.03 45.4 Mil
Cash and Equivalents

EUR/USD Purchased

5.86 44.1 Mil
Derivative

USD/JPY Purchased

5.38 40.5 Mil
Derivative

Federal National Mortgage Association

3.50 26.3 Mil
Securitized

Deriv Usd Balance With R93535 Cme

3.33 25.1 Mil
Cash and Equivalents

USD/MXN Purchased

3.22 24.2 Mil
Derivative