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BlackRock Strategic Global Bond Fund, Inc.
mutual fund
MKWIX
Payout Change
Pending
Price as of:
$5.25
-0.01
-0.19%
primary theme
N/A
share class
MKWIX (Mutual Fund)
BlackRock Strategic Global Bond Fund, Inc.
Payout Change
Pending
Price as of:
$5.25
-0.01
-0.19%
primary theme
N/A
share class
MKWIX (Mutual Fund)
BlackRock Strategic Global Bond Fund, Inc.
Payout Change
Pending
Price as of:
$5.25
-0.01
-0.19%
primary theme
N/A
share class
Name
As of 12/13/2024Price
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
Vitals
YTD Return
1.5%
1 yr return
2.3%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
0.1%
Net Assets
$842 M
Holdings in Top 10
20.1%
52 WEEK LOW AND HIGH
$5.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 354.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
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
MKWIX - Profile
Distributions
- YTD Total Return 1.5%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return 0.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.97%
- Dividend Yield 3.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackRock Strategic Global Bond Fund, Inc.
-
Fund Family NameBlackRock-advised Funds
-
Inception DateNov 13, 2015
-
Shares OutstandingN/A
-
Share ClassK
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBob Miller
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.
MKWIX - Performance
Return Ranking - Trailing
| Period | MKWIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -59.5% | 0.9% | 35.44% |
| 1 Yr | 2.3% | -15.5% | 19.7% | 37.98% |
| 3 Yr | -2.5%* | -4.3% | 4.2% | 9.95% |
| 5 Yr | 0.1%* | -2.5% | 4.1% | 6.38% |
| 10 Yr | N/A* | -3.0% | 2.7% | 4.57% |
* Annualized
Return Ranking - Calendar
| Period | MKWIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.9% | -15.2% | 0.9% | 9.00% |
| 2022 | -17.3% | -10.9% | 12.2% | 75.26% |
| 2021 | -3.0% | -10.8% | 14.8% | 30.21% |
| 2020 | 4.1% | -15.3% | 0.6% | 14.45% |
| 2019 | 5.5% | -44.4% | 14.4% | 74.85% |
Total Return Ranking - Trailing
| Period | MKWIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -59.5% | 0.9% | 33.01% |
| 1 Yr | 2.3% | -16.6% | 30.5% | 34.12% |
| 3 Yr | -2.5%* | -5.2% | 10.9% | 11.59% |
| 5 Yr | 0.1%* | -2.8% | 7.4% | 8.76% |
| 10 Yr | N/A* | -3.0% | 3.6% | 5.52% |
* Annualized
Total Return Ranking - Calendar
| Period | MKWIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.4% | -15.2% | 0.9% | 9.00% |
| 2022 | -14.5% | -10.9% | 12.2% | 75.26% |
| 2021 | -1.0% | -10.8% | 14.8% | 30.21% |
| 2020 | 9.3% | -15.3% | 3.8% | 30.06% |
| 2019 | 8.1% | -44.4% | 14.4% | 79.75% |
NAV & Total Return History
MKWIX - Holdings
Concentration Analysis
| MKWIX | Category Low | Category High | MKWIX % Rank | |
|---|---|---|---|---|
| Net Assets | 842 M | 74.5 K | 14.7 B | 34.31% |
| Number of Holdings | 2811 | 4 | 4562 | 5.21% |
| Net Assets in Top 10 | 170 M | -112 M | 3.66 B | 27.49% |
| Weighting of Top 10 | 20.15% | 4.7% | 100.0% | 64.42% |
Top 10 Holdings
- Uniform Mortgage-Backed Security, TBA 4.65%
- U.S. Treasury Bills 3.01%
- China Government Bond 2.42%
- China Government Bond 2.17%
- BlackRock Liquidity Funds: T-Fund, Institutional Shares 2.14%
- China Government Bond 1.90%
- Spain Government Bonds 1.06%
- U.S. Treasury Bills 0.98%
- Spain Government Bonds 0.94%
- India Government Bond 0.88%
Asset Allocation
| Weighting | Return Low | Return High | MKWIX % Rank | |
|---|---|---|---|---|
| Bonds | 92.69% | 0.00% | 220.33% | 82.94% |
| Other | 3.97% | -9.71% | 100.00% | 9.00% |
| Cash | 3.90% | -130.07% | 95.62% | 25.59% |
| Stocks | 2.78% | 0.00% | 7.47% | 2.37% |
| Convertible Bonds | 0.87% | 0.00% | 11.19% | 73.46% |
| Preferred Stocks | 0.53% | 0.00% | 2.87% | 22.27% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MKWIX % Rank | |
|---|---|---|---|---|
| Technology | 26.46% | 0.00% | 21.64% | 4.84% |
| Consumer Cyclical | 24.67% | 0.00% | 27.00% | 6.45% |
| Industrials | 9.94% | 0.00% | 11.80% | 4.84% |
| Financial Services | 9.14% | 0.00% | 100.00% | 43.55% |
| Communication Services | 8.69% | 0.00% | 56.19% | 12.90% |
| Healthcare | 8.15% | 0.00% | 9.46% | 3.23% |
| Energy | 5.26% | 0.00% | 100.00% | 46.77% |
| Basic Materials | 3.01% | 0.00% | 100.00% | 29.03% |
| Consumer Defense | 2.69% | 0.00% | 34.30% | 22.58% |
| Real Estate | 1.24% | 0.00% | 3.17% | 17.74% |
| Utilities | 0.74% | 0.00% | 91.33% | 24.19% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MKWIX % Rank | |
|---|---|---|---|---|
| US | 2.71% | 0.00% | 6.55% | 2.37% |
| Non US | 0.07% | 0.00% | 1.77% | 1.42% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MKWIX % Rank | |
|---|---|---|---|---|
| Government | 28.45% | 0.30% | 99.47% | 68.27% |
| Corporate | 28.16% | 0.00% | 98.62% | 32.69% |
| Securitized | 11.31% | 0.00% | 52.02% | 22.12% |
| Cash & Equivalents | 3.90% | 0.00% | 95.62% | 2.40% |
| Derivative | 0.46% | 0.00% | 74.77% | 50.48% |
| Municipal | 0.02% | 0.00% | 7.95% | 37.02% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MKWIX % Rank | |
|---|---|---|---|---|
| US | 53.93% | -5.52% | 107.53% | 55.45% |
| Non US | 38.76% | 0.00% | 112.80% | 66.35% |
MKWIX - Expenses
Operational Fees
| MKWIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.65% | 0.02% | 3.65% | 86.60% |
| Management Fee | 0.50% | 0.00% | 2.08% | 33.66% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| MKWIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.00% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MKWIX 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.
| MKWIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 354.00% | 6.00% | 354.00% | 99.41% |
MKWIX - Distributions
Dividend Yield Analysis
| MKWIX | Category Low | Category High | MKWIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.25% | 0.00% | 17.40% | 45.02% |
Dividend Distribution Analysis
| MKWIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| MKWIX | Category Low | Category High | MKWIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.97% | -1.08% | 5.77% | 36.76% |
Capital Gain Distribution Analysis
| MKWIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.014 | OrdinaryDividend |
| Oct 31, 2024 | $0.017 | OrdinaryDividend |
| Sep 30, 2024 | $0.016 | OrdinaryDividend |
| Aug 30, 2024 | $0.015 | OrdinaryDividend |
| Jul 31, 2024 | $0.013 | OrdinaryDividend |
| Apr 30, 2024 | $0.015 | OrdinaryDividend |
| Mar 28, 2024 | $0.012 | OrdinaryDividend |
| Feb 29, 2024 | $0.008 | OrdinaryDividend |
| Jan 31, 2024 | $0.008 | OrdinaryDividend |
| Dec 29, 2023 | $0.009 | OrdinaryDividend |
| Nov 30, 2023 | $0.009 | OrdinaryDividend |
| Oct 31, 2023 | $0.008 | OrdinaryDividend |
| Sep 29, 2023 | $0.007 | OrdinaryDividend |
| Aug 31, 2023 | $0.007 | OrdinaryDividend |
| Jul 31, 2023 | $0.012 | OrdinaryDividend |
| Jun 30, 2023 | $0.014 | OrdinaryDividend |
| May 31, 2023 | $0.012 | OrdinaryDividend |
| Apr 28, 2023 | $0.014 | OrdinaryDividend |
| Mar 31, 2023 | $0.024 | OrdinaryDividend |
| Feb 28, 2023 | $0.016 | OrdinaryDividend |
| Jan 31, 2023 | $0.018 | OrdinaryDividend |
| Dec 30, 2022 | $0.020 | ReturnOfCapital |
| Nov 30, 2022 | $0.014 | ReturnOfCapital |
| Oct 31, 2022 | $0.016 | ReturnOfCapital |
| Sep 30, 2022 | $0.016 | ReturnOfCapital |
| Aug 31, 2022 | $0.015 | ReturnOfCapital |
| Jul 29, 2022 | $0.014 | ReturnOfCapital |
| Jun 30, 2022 | $0.013 | ReturnOfCapital |
| May 31, 2022 | $0.013 | ReturnOfCapital |
| Apr 29, 2022 | $0.012 | ReturnOfCapital |
| Mar 31, 2022 | $0.013 | ReturnOfCapital |
| Feb 28, 2022 | $0.011 | ReturnOfCapital |
| Jan 31, 2022 | $0.011 | ReturnOfCapital |
| Dec 31, 2021 | $0.011 | OrdinaryDividend |
| Nov 30, 2021 | $0.008 | OrdinaryDividend |
| Oct 29, 2021 | $0.008 | OrdinaryDividend |
| Sep 30, 2021 | $0.010 | OrdinaryDividend |
| Aug 31, 2021 | $0.011 | OrdinaryDividend |
| Jul 30, 2021 | $0.011 | OrdinaryDividend |
| Jun 30, 2021 | $0.010 | OrdinaryDividend |
| May 28, 2021 | $0.011 | OrdinaryDividend |
| Apr 30, 2021 | $0.009 | OrdinaryDividend |
| Mar 31, 2021 | $0.008 | OrdinaryDividend |
| Feb 26, 2021 | $0.007 | OrdinaryDividend |
| Jan 29, 2021 | $0.009 | OrdinaryDividend |
| Dec 31, 2020 | $0.010 | OrdinaryDividend |
| Dec 22, 2020 | $0.197 | OrdinaryDividend |
| Nov 30, 2020 | $0.009 | OrdinaryDividend |
| Oct 30, 2020 | $0.007 | OrdinaryDividend |
| Sep 30, 2020 | $0.008 | OrdinaryDividend |
| Aug 31, 2020 | $0.009 | OrdinaryDividend |
| Jul 31, 2020 | $0.009 | OrdinaryDividend |
| Jun 30, 2020 | $0.007 | OrdinaryDividend |
| May 29, 2020 | $0.007 | OrdinaryDividend |
| Apr 30, 2020 | $0.008 | OrdinaryDividend |
| Mar 31, 2020 | $0.011 | OrdinaryDividend |
| Feb 28, 2020 | $0.010 | OrdinaryDividend |
| Jan 31, 2020 | $0.011 | OrdinaryDividend |
| Dec 31, 2019 | $0.011 | OrdinaryDividend |
| Nov 29, 2019 | $0.011 | OrdinaryDividend |
| Oct 31, 2019 | $0.012 | OrdinaryDividend |
| Sep 30, 2019 | $0.011 | OrdinaryDividend |
| Aug 30, 2019 | $0.012 | OrdinaryDividend |
| Jul 31, 2019 | $0.012 | OrdinaryDividend |
MKWIX - Fund Manager Analysis
Managers
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
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.
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 |
