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BlackRock Strategic Global Bond Instl MAWIX

Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 5.18  /  −0.19 %
  • Total Assets 792.5 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/Moderate
  • Min. Initial Investment 2.0 Mil
  • Status Open
  • TTM Yield 2.31%
  • Effective Duration 5.81 years

USD | NAV as of Jun 21, 2024 | 1-Day Return as of Jun 21, 2024, 12:30 AM GMT+0

Morningstar’s Analysis MAWIX

Will MAWIX outperform in future?

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

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.

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Portfolio Holdings MAWIX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings −74.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

67.72 517.7 Mil

Three Month SONIA Index Future Dec 24

14.87 113.7 Mil
Government

EUR/USD Purchased

7.87 60.1 Mil
Derivative

EUR/USD Purchased

5.78 44.2 Mil
Derivative

Three Month SONIA Index Future Sept 25

4.91 37.5 Mil
Government

3 Month Euribor Future Sept24

4.90 37.5 Mil
Government

USD/JPY Purchased

4.89 37.3 Mil
Derivative

Federal National Mortgage Association

4.00 30.6 Mil
Securitized

Future on BANK Index

3.64 27.8 Mil

USD/MXN Purchased

3.17 24.2 Mil
Derivative