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.
BlackRock Strategic Global Bond Instl MAWIX
- NAV / 1-Day Return 5.16 / 0.00
- Total Assets 798.3 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 Medium/Moderate
- Min. Initial Investment 2.0 Mil
- Status Open
- TTM Yield 2.24%
- Effective Duration 5.28 years
USD | NAV as of Jul 05, 2024 | 1-Day Return as of Jul 05, 2024, 10:22 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings −119.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Cash Offset | 124.64 | 935.6 Mil | — |
EUR/USD Purchased | 8.01 | 60.1 Mil | Derivative |
EUR/USD Purchased | 5.82 | 43.7 Mil | Derivative |
USD/JPY Purchased | 4.76 | 35.7 Mil | Derivative |
Federal National Mortgage Association | 3.92 | 29.4 Mil | Securitized |
Future on BANK Index | 3.68 | 27.6 Mil | — |
Deriv Usd Balance With R93535 Cme | 3.53 | 26.5 Mil | Cash and Equivalents |
USD/MXN Purchased | 3.23 | 24.2 Mil | Derivative |
United States Treasury Bills | 3.05 | 22.9 Mil | Government |
JPY/USD Purchased | 2.91 | 21.8 Mil | Derivative |