BlackRock Strategic Global Bond Fund Q3 2025 Commentary (MAWIX)

BlackRock 5.09K Follower s Follow 5 Share Save Play ( 4min ) Comments Summary The fund posted returns of 1.32% (Institutional shares) and 1.25% (Investor A shares, without sales charge) for the third quarter of 2025. Emerging market rates, U.S. high yield credit, and emerging market spreads contributed to performance, while developed and emerging market currencies and U.S. investment grade credit detracted. The fund's underweight position in duration (interest rate sensitivity) was tactically reduced by increasing the allocations to U.S. and emerging market rates. Within U.S. rates, the fund holds overweight positions in the “belly” and long end of the yield curve, given expectations that terminal rates may settle lower. We tactically rotated across spread sectors as we continued to seek attractive global sources of income while remaining cautious down the credit stack. Pornpimone Audkamkong/iStock via Getty Images The fund posted returns of 1.32% (Institutional shares) and 1.25% (Investor A shares, without sales charge) for the third quarter of 2025. Emerging market rates, U.S. high yield credit, and emerging market spreads contributed to performance, while developed This article was written by BlackRock 5.09K Follower s Follow BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.

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