BlackRock portfolio manager Trevor Slaven has left the firm in August 2024 to pursue other opportunities. At the time, Slaven was a named portfolio manager on BlackRock Strategic Global Bond fund. Portfolio managers Rick Rieder, Amer Bisat, and Russell Brownback continue to lead the charge at the strategy with the addition of portfolio manager Dylan Price effective Aug. 20, 2024. Rieder, CIO of global fixed income at the firm, and Bisat, BlackRock’s global head of emerging-markets debt, have been present at the strategy since 2015, with managers Brownback and Slaven joining the ranks in October 2018. Collectively Rieder, Brownback, and Slaven were responsible for macro positioning, while Brownback and Slaven took care of the day-to-day management of the fund. Rieder remains ultimately responsible for the strategy, however. Price joined BlackRock in 2015 and has supported the portfolio managers on this strategy with portfolio construction and macroeconomic research. While Slaven’s departure is unfortunate for future succession, we are comforted by the continued presence of experienced, veteran investors Rieder, Bisat, and Brownback, who boast more than three decades’ experience each, and the depth of firm resources that back the team. We maintain our People Pillar rating of High given these strengths that remain intact, and we will continue to observe how the team, with the addition of Price, work together.
BlackRock Strategic Global Bond Instl MAWIX
- NAV / 1-Day Return 5.36 / −0.71 %
- Total Assets 834.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.550%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category Global Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 2.0 Mil
- Status Open
- TTM Yield 2.28%
- Effective Duration 5.37 years
USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 12:06 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings −94.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Cash Offset | 92.67 | 751.9 Mil | — |
BlackRock Liquidity T-Fund Instl | 6.23 | 50.6 Mil | Cash and Equivalents |
USD/JPY Purchased | 5.13 | 41.6 Mil | Derivative |
Federal National Mortgage Association | 4.72 | 38.3 Mil | Securitized |
Euro Bobl Future Sept 24 | 3.60 | 29.2 Mil | Government |
2Y Rtr 4.000000 24-Oct-2024 2 | 3.15 | 25.6 Mil | — |
EUR/USD Purchased | 3.12 | 25.3 Mil | Derivative |
EUR/USD Purchased | 3.12 | 25.3 Mil | Derivative |
USD/MXN Purchased | 2.98 | 24.2 Mil | Derivative |
United States Treasury Bills | 2.96 | 24.0 Mil | Government |