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Trending ETFs

BlackRock Strategic Global Bond Fund, Inc.

mutual fund
MHWIX
Payout Change
Pending
Price as of:
$5.41 -0.02 -0.37%
primary theme
N/A
MHWIX (Mutual Fund)

BlackRock Strategic Global Bond Fund, Inc.

Payout Change
Pending
Price as of:
$5.41 -0.02 -0.37%
primary theme
N/A
MHWIX (Mutual Fund)

BlackRock Strategic Global Bond Fund, Inc.

Payout Change
Pending
Price as of:
$5.41 -0.02 -0.37%
primary theme
N/A

Name

As of 10/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.41

$791 M

2.29%

$0.12

1.76%

Vitals

YTD Return

2.9%

1 yr return

12.4%

3 Yr Avg Return

-2.8%

5 Yr Avg Return

-0.5%

Net Assets

$791 M

Holdings in Top 10

20.8%

52 WEEK LOW AND HIGH

$5.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.76%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 354.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.41

$791 M

2.29%

$0.12

1.76%

MHWIX - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return -2.8%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.92%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Strategic Global Bond Fund, Inc.
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Oct 03, 2006
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rick Rieder

Fund Description

The Fund mainly invests in bonds and other fixed-income securities that periodically pay interest or dividends. Fixed-income securities are securities that represent an obligation by the issuer to pay a specified rate of interest or dividend at specified times. These securities may be denominated and pay interest in U.S. dollars or other currencies and may be issued by U.S. or foreign governments or corporations.
The Fund will spread its investments among different types of fixed-income securities and different countries based upon Fund management’s analysis of the yield, maturity and currency considerations affecting these securities. The Fund may invest in U.S. and foreign government and corporate fixed-income securities, including junk bonds and unrated securities. The Fund normally will invest at least 80% of its net assets plus any borrowings for investment purposes in bonds and related derivative instruments with similar economic characteristics. For the purposes of this strategy, “bonds” include the following: obligations issued or guaranteed by the U.S. Government or a foreign government or their agencies, instrumentalities or political subdivisions; mortgage-backed securities, including agency mortgage pass-through securities and commercial mortgage-backed securities; debt obligations of U.S. or foreign issuers; municipal securities; and asset-backed securities. The Fund may invest up to 100% of its assets in securities classified as junk bonds.
Under normal circumstances, the Fund anticipates it will allocate a substantial amount (approximately 40% or more — unless market conditions are not deemed favorable by BlackRock, in which case the Fund would invest at least 30%) of its total assets in securities (i) of foreign government issuers, (ii) of issuers organized or located outside the U.S., (iii) of issuers which primarily trade in a market located outside the U.S., or (iv) of issuers doing a substantial amount of business outside the U.S., which the Fund considers to be companies that derive at least 50% of their revenue or profits from business outside the U.S. or have at least 50% of their sales or assets outside the U.S. The Fund will allocate its assets among various regions and countries, including the United States (but in no less than three different countries). For temporary defensive purposes the Fund may deviate very substantially from the allocation described above.
The Fund may invest in securities of any maturity or duration. The average maturity of the Fund’s portfolio securities will vary based upon BlackRock’s view of economic and market conditions. However, the Fund does not expect the average maturity of its portfolio to exceed fifteen years.
Fund management presently expects that the Fund will invest primarily in securities denominated in the currencies represented in the Bloomberg Global Aggregate Bond Index, but the Fund also can invest in securities denominated in other currencies. Issuers of securities may not always be located in the country in whose currency the securities are denominated. The Fund’s investments ordinarily will be denominated in at least three currencies. No set portion of the Fund’s investments is required to be denominated in any particular currency. Substantially all of the Fund’s investments may be denominated in a single currency, including U.S. dollars.
The Fund may invest in several different kinds of securities issued by the U.S. Government. These include U.S. Treasury obligations (bills, notes and bonds) that have different interest rates and maturities and are issued at different times. These securities are backed by the full faith and credit of the U.S. Government. The Fund also may invest in obligations issued or guaranteed by U.S. Government agencies or other U.S. Government organizations. These include but are not limited to government guaranteed mortgage-related or asset-backed securities. Some of these securities may be backed by the full faith and credit of the U.S. Treasury, some may be supported by the right of the issuer to borrow from the U.S. Treasury, and some are backed only by the credit of the issuer itself.
The obligations of foreign governments and their related organizations have various kinds of government support. These obligations may or may not be supported by the full faith and credit of a foreign government. The Fund may invest in securities issued by international organizations designated or supported by governments or government agencies to promote economic reconstruction or development.
The debt securities in which the Fund invests may include credit-linked notes, credit-linked trust certificates, structured notes or other instruments evidencing interests in special purpose vehicles, trusts or other entities that hold or represent interests in debt securities. In addition, the Fund may invest in corporate loans.
The Fund may use a variety of portfolio strategies to hedge its portfolio against interest rate and currency risk, or to seek to enhance its return. These strategies include the use of derivatives, such as options on portfolio positions or currencies, financial and currency futures and options on these futures, forward foreign currency transactions, interest rate swaps and credit default swaps. Derivatives are financial instruments whose value is derived from another security or an index such as the Bloomberg Global Aggregate Bond Index. The Fund may invest in indexed and inverse securities.
The Fund may seek to provide exposure to the investment returns of real assets that trade in the commodity markets through investment in commodity-linked derivative instruments and investment vehicles such as exchange traded funds that exclusively invest in commodities and are designed to provide this exposure without direct investment in physical commodities. The Fund may also gain exposure to commodity markets by investing up to 25% of its total assets in the Subsidiary, a wholly owned subsidiary of the Fund formed in the Cayman Islands, which invests primarily in commodity-related instruments.
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MHWIX - Performance

Return Ranking - Trailing

Period MHWIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -59.5% 0.9% 35.92%
1 Yr 12.4% -15.5% 19.7% 53.85%
3 Yr -2.8%* -4.3% 4.2% 34.83%
5 Yr -0.5%* -2.5% 4.1% 46.81%
10 Yr 0.6%* -3.0% 2.7% 30.86%

* Annualized

Return Ranking - Calendar

Period MHWIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -15.2% 0.9% 8.00%
2022 -17.3% -10.9% 12.2% 74.74%
2021 -2.8% -10.8% 14.8% 25.52%
2020 4.1% -15.3% 0.6% 17.92%
2019 5.5% -44.4% 14.4% 75.46%

Total Return Ranking - Trailing

Period MHWIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -59.5% 0.9% 33.50%
1 Yr 12.4% -16.6% 30.5% 57.82%
3 Yr -2.8%* -5.2% 10.9% 31.40%
5 Yr -0.5%* -2.8% 7.4% 42.27%
10 Yr 0.6%* -3.0% 3.6% 32.04%

* Annualized

Total Return Ranking - Calendar

Period MHWIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -15.2% 0.9% 8.00%
2022 -15.5% -10.9% 12.2% 74.74%
2021 -2.0% -10.8% 14.8% 28.65%
2020 8.1% -15.3% 3.8% 32.95%
2019 7.0% -44.4% 14.4% 80.37%

NAV & Total Return History


MHWIX - Holdings

Concentration Analysis

MHWIX Category Low Category High MHWIX % Rank
Net Assets 791 M 74.5 K 14.7 B 34.80%
Number of Holdings 2655 4 4562 5.69%
Net Assets in Top 10 165 M -112 M 3.66 B 27.96%
Weighting of Top 10 20.84% 4.7% 100.0% 64.90%

Top 10 Holdings

  1. BlackRock Liquidity Funds: T-Fund, Institutional Shares 6.55%
  2. Uniform Mortgage-Backed Security, TBA 4.73%
  3. China Government Bond 1.94%
  4. U.S. Treasury Bills 1.92%
  5. Japan Government Thirty Year Bonds 1.21%
  6. Spain Government Bonds 1.05%
  7. India Government Bond 0.93%
  8. Spain Government Bonds 0.92%
  9. Freddie Mac Pool 0.84%
  10. Uniform Mortgage-Backed Security, TBA 0.75%

Asset Allocation

Weighting Return Low Return High MHWIX % Rank
Bonds
83.82% 0.00% 220.33% 83.41%
Cash
11.94% -130.07% 95.62% 26.07%
Stocks
2.39% 0.00% 7.47% 2.84%
Other
1.32% -9.71% 100.00% 9.48%
Convertible Bonds
0.87% 0.00% 11.19% 74.41%
Preferred Stocks
0.52% 0.00% 2.87% 23.22%

Stock Sector Breakdown

Weighting Return Low Return High MHWIX % Rank
Technology
26.46% 0.00% 21.64% 6.45%
Consumer Cyclical
24.67% 0.00% 27.00% 8.06%
Industrials
9.94% 0.00% 11.80% 6.45%
Financial Services
9.14% 0.00% 100.00% 45.16%
Communication Services
8.69% 0.00% 56.19% 14.52%
Healthcare
8.15% 0.00% 9.46% 4.84%
Energy
5.26% 0.00% 100.00% 48.39%
Basic Materials
3.01% 0.00% 100.00% 30.65%
Consumer Defense
2.69% 0.00% 34.30% 24.19%
Real Estate
1.24% 0.00% 3.17% 19.35%
Utilities
0.74% 0.00% 91.33% 25.81%

Stock Geographic Breakdown

Weighting Return Low Return High MHWIX % Rank
US
2.32% 0.00% 6.55% 2.84%
Non US
0.06% 0.00% 1.77% 1.90%

Bond Sector Breakdown

Weighting Return Low Return High MHWIX % Rank
Government
28.45% 0.30% 99.47% 68.75%
Corporate
28.16% 0.00% 98.62% 33.65%
Securitized
11.31% 0.00% 52.02% 22.60%
Cash & Equivalents
9.67% 0.00% 95.62% 2.88%
Municipal
0.02% 0.00% 7.95% 40.38%
Derivative
-2.21% 0.00% 74.77% 50.96%

Bond Geographic Breakdown

Weighting Return Low Return High MHWIX % Rank
US
50.97% -5.52% 107.53% 55.92%
Non US
32.85% 0.00% 112.80% 66.82%

MHWIX - Expenses

Operational Fees

MHWIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.76% 0.02% 3.65% 15.79%
Management Fee 0.50% 0.00% 2.08% 49.27%
12b-1 Fee 1.00% 0.00% 1.00% 96.97%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

MHWIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.00% N/A
Deferred Load 1.00% 1.00% 5.00% 90.32%

Trading Fees

MHWIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MHWIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 354.00% 6.00% 354.00% 100.00%

MHWIX - Distributions

Dividend Yield Analysis

MHWIX Category Low Category High MHWIX % Rank
Dividend Yield 2.29% 0.00% 17.40% 87.20%

Dividend Distribution Analysis

MHWIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

MHWIX Category Low Category High MHWIX % Rank
Net Income Ratio 0.92% -1.08% 5.77% 76.47%

Capital Gain Distribution Analysis

MHWIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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MHWIX - Fund Manager Analysis

Managers

Rick Rieder


Start Date

Tenure

Tenure Rank

Sep 01, 2015

6.75

6.8%

Rick Rieder, Managing Director, is BlackRock's Global Chief Investment Officer of Fixed Income, and Co-head of BlackRock's Global Fixed Income platform, a member of BlackRock's Global Operating Committee and Chairman of the BlackRock firm-wide Investment Council. Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury. Mr. Rieder is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013, and was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014. From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta. Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Investment Committee and is the Vice Chairman of the Finance Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program. Mr. Rieder serves as Chairman of the Board of North Star Academy's eleven Charter Schools in Newark, New Jersey and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is a Trustee for the US Olympic Committee, and on the board of advisors for the Hospital for Special Surgery. He serves on the National Leadership Council of the Communities in Schools Educational Foundation and on the board of Big Brothers/Big Sisters of Newark and Essex County Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Bob Miller


Start Date

Tenure

Tenure Rank

Sep 01, 2015

6.75

6.8%

Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee. He is a portfolio manager of BlackRock's Core Bond, Total Return, and Strategic Income Opportunities Funds. Prior to joining BlackRock in 2011, Mr. Miller was a co-founder and partner at the Round Table Investment Management Company, a multi-strategy, research-based investment company, where he managed a global macro strategy. Previously, Mr. Miller spent 20 years at Bank of America, where he served in a variety

Amer Bisat


Start Date

Tenure

Tenure Rank

Sep 01, 2015

6.75

6.8%

Amer Bisat, PhD., Managing Director, is an Emerging Markets portfolio manager within BlackRock’s Americas Fixed Income Group. In this capacity, he works closely with the various portfolio managers in the group formulating and implementing investable emerging markets themes in local markets, FX, and sovereign and corporate credit spaces. Mr. Bisat’s service with the firm dates back to 2013. Prior to BlackRock, he was a partner in two macro hedge funds (Traxis and Rubicon), and held portfolio management responsibilities at UBS and Morgan Stanley Investment Management. Between 1991 and 1998, he was a senior economist at the International Monetary Fund where he helped negotiate high profile programs with Russia, Ukraine, and Egypt. Mr. Bisat has taught graduate level economics courses at Columbia University. He co-authored a book on globalization and academic and policy papers on growth and financial sector development issues. He is a trustee of a number of Middle Eastern cultural and art institutions and a member of the Council of Foreign Relations.

Russ Brownback


Start Date

Tenure

Tenure Rank

Oct 03, 2018

3.66

3.7%

Russ Brownback has been Managing Director of BlackRock, Inc. from 2009 to 2012 and from 2017 to present; Senior Partner with R3 Capital Partners from 2008 to 2009; Managing Director of Lehman Brothers from 1992 to 2008.

Trevor Slaven


Start Date

Tenure

Tenure Rank

Oct 03, 2018

3.66

3.7%

Trevor Slaven has been Director of BlackRock, Inc. since 2018; Vice President of BlackRock, Inc. from 2015 to 2017; Associate of BlackRock, Inc. from 2010 to 2014.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67