Multi Asset

BGF Global Allocation Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
View full table
  From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of Sep 30, 2020

4.92 3.05 2.29 6.64 4.79
Benchmark (%)

as of Sep 30, 2020

9.91 4.64 8.13 11.84 1.38
  1Y 3Y 5Y 10y Incept.
7.28 5.91 3.32 5.33 4.26
Benchmark (%)

as of Nov 30, 2020

3.47 7.77 5.97 8.57 6.08
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
7.20 7.26 4.81 7.28 18.80 17.76 68.08 115.55
Benchmark (%)

as of Nov 30, 2020

3.11 5.20 3.92 3.47 25.18 33.66 127.54 196.44
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Number of Issuers 919
Size of Fund (Millions) as of Dec 4, 2020 USD 15,225.358
12m Trailing Yield -
Base Currency U.S. Dollar
Fund Inception Date Jan 3, 1997
Share Class Currency Euro
Share Class Inception Date Jul 1, 2002
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
Benchmark Index 36% SNP500EUR / 24% FTWXUS_EUR / ML5YREURU Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 3.02%
ISIN LU0331284793
Bloomberg Ticker MGLOACC
Annual Management Fee 2.75%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 7506686
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of Oct 30, 2020 20.69
Average Market Cap (Millions) as of Oct 30, 2020 USD 298,130.3 M
Effective Duration as of Oct 30, 2020 2.17 yrs
Effective Duration Fixed Income as of Oct 30, 2020 8.51 yrs
Effective Duration Fixed Income and Cash as of Oct 30, 2020 6.37 yrs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Oct 1, 2020 A
MSCI ESG Quality Score (0-10) as of Oct 1, 2020 6.38
MSCI ESG Quality Score - Peer Percentile as of Oct 1, 2020 87.57
MSCI ESG % Coverage as of Oct 1, 2020 90.51
Fund Lipper Global Classification as of Oct 1, 2020 Mixed Asset USD Bal - Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Oct 1, 2020 155.30
Funds in Peer Group as of Oct 1, 2020 177
All data is from MSCI ESG Fund Ratings as of Oct 1, 2020, based on holdings as of Mar 31, 2020. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of - -
MSCI - UN Global Compact Violators as of - -
MSCI - Nuclear Weapons as of - -
MSCI - Thermal Coal as of - -
MSCI - Civilian Firearms as of - -
MSCI - Oil Sands as of - -
MSCI - Tobacco as of - -

Business Involvement Coverage as of - -
Percentage of Fund not covered as of - -
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal -% and for Oil Sands -%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF Global Allocation Fund, Class C2, as of Dec 31, 2017 rated against 551 USD Moderate Allocation Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jun 30, 2017)

Risk Indicator

Risk Indicator

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3
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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
MICROSOFT CORP 2.02
APPLE INC 1.93
AMAZON COM INC 1.82
ALPHABET INC CLASS C 1.52
UNITEDHEALTH GROUP INC 1.01
Name Weight (%)
JPMORGAN CHASE & CO 0.95
JOHNSON & JOHNSON 0.92
NEXTERA ENERGY INC 0.91
TAIWAN SEMICONDUCTOR MANUFACTURING 0.90
SIEMENS N AG 0.88
as of Oct 30, 2020
Name Weight (%)
TREASURY (CPI) NOTE 0.125 04/15/2025 2.73
ISHARES $ HIGH YIELD CRP BND ETF $ 1.95
TREASURY NOTE 1.75 11/15/2029 1.88
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 1.42
TREASURY (CPI) NOTE 0.125 10/15/2024 1.32
Name Weight (%)
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.90
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.82
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.73
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.72
ITALY (REPUBLIC OF) 0.95 08/01/2030 0.66
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 30, 2020

% of Net Assets

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Net Assets

Type Fund Benchmark Net

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.


% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
C2 EUR Accumulating 44.24 0.09 0.20 44.83 34.53 - LU0331284793 - -
X4 USD Annual 15.40 0.03 0.20 15.40 10.60 - LU0953392981 - -
X2 EUR Accumulating 73.05 0.16 0.22 73.97 55.85 - LU0984173384 - -
A2 Hgd PLN Accumulating 20.15 0.03 0.15 20.15 13.93 - LU0480534592 - -
A2 HUF Accumulating 20,957.45 87.94 0.42 21,431.34 15,897.45 - LU0566074125 - -
E2 Hgd PLN Accumulating 19.16 0.03 0.16 19.16 13.29 - LU0530192003 - -
A2 Hgd CHF Accumulating 14.23 0.03 0.21 14.23 9.88 - LU0343169966 - -
A2 Hgd AUD Accumulating 20.67 0.04 0.19 20.67 14.33 - LU0468326631 - -
C2 Hgd EUR Accumulating 32.98 0.06 0.18 32.98 23.12 - LU0212926058 - -
A4 EUR Annual 56.86 0.13 0.23 57.60 43.99 - LU0408221512 - -
X2 Hgd AUD Accumulating 24.66 0.05 0.20 24.66 16.89 - LU0525289509 - -
I2 EUR Accumulating 64.48 0.14 0.22 65.30 49.55 - LU1653088838 - -
D2 EUR Accumulating 64.50 0.14 0.22 65.32 49.64 - LU0523293024 - -
C2 USD Accumulating 53.79 0.11 0.20 53.79 37.29 - LU0147395726 - -
D2 Hgd CHF Accumulating 15.14 0.03 0.20 15.14 10.46 - LU0827880260 - -
D2 Hgd AUD Accumulating 21.98 0.04 0.18 21.98 15.16 - LU0827880187 - -
D4 EUR Annual 57.20 0.13 0.23 57.93 44.22 - LU0827880005 - -
E2 USD Accumulating 64.77 0.13 0.20 64.77 44.68 - LU0147396450 - -
E2 EUR Accumulating 53.28 0.12 0.23 53.97 41.36 - LU0171283533 - -
D2 Hgd SGD Accumulating 17.68 0.03 0.17 17.68 12.15 - LU0827880690 - -
X2 Hgd EUR Accumulating 13.93 0.03 0.22 13.93 9.56 - LU0260352280 - -
D2 Hgd GBP Accumulating 38.02 0.07 0.18 38.02 26.19 - LU0827880344 - -
D2 Hgd PLN Accumulating 21.43 0.04 0.19 21.43 14.73 - LU0827880427 - -
E2 Hgd EUR Accumulating 41.36 0.07 0.17 41.36 28.84 - LU0212926132 - -
A4 USD Annual 69.12 0.13 0.19 69.12 47.51 - LU0724617625 - -
A2 Hgd HKD Accumulating 16.97 0.04 0.24 16.97 11.65 - LU0788109477 - -
I2 USD Accumulating 78.39 0.16 0.20 78.39 53.52 - LU0368249560 - -
I2 Hgd EUR Accumulating 47.57 0.09 0.19 47.57 32.83 - LU0368231949 - -
D4 Hgd EUR Annual 40.71 0.08 0.20 40.71 28.27 - LU0827880773 - -
X2 Hgd JPY Accumulating 1,384.00 2.00 0.14 1,384.00 946.00 - LU1445720094 - -
A2 Hgd GBP Accumulating 35.79 0.07 0.20 35.79 24.78 - LU0236177068 - -
I2 Hgd SGD Accumulating 17.80 0.04 0.23 17.80 12.21 - LU0810842038 - -
A2 Hgd EUR Accumulating 43.57 0.08 0.18 43.57 30.28 - LU0212925753 - -
Class AI2 EUR - 11.64 -0.01 -0.09 11.81 9.02 - LU1960222104 - -
A2 Hgd CNH Accumulating 163.18 0.33 0.20 163.18 110.83 - LU1062906877 - -
A2 USD Accumulating 71.09 0.14 0.20 71.09 48.87 - LU0072462426 - -
A4 Hgd EUR Annual 40.49 0.08 0.20 40.49 28.13 - LU0240613025 - -
A2 EUR Accumulating 58.48 0.13 0.22 59.24 45.24 - LU0171283459 - -
D4 GBP Annual 51.44 -0.11 -0.21 51.85 40.98 - LU1852330908 - -
J2 USD Accumulating 89.39 0.18 0.20 89.39 60.72 - LU0304953069 - -
D2 USD Accumulating 78.41 0.16 0.20 78.41 53.61 - LU0329592538 - -
X2 USD Accumulating 88.80 0.17 0.19 88.80 60.32 - LU0328507826 - -
D2 Hgd EUR Accumulating 48.06 0.09 0.19 48.06 33.22 - LU0329591480 - -
Class AI2 Hedged EUR - 12.10 0.07 0.58 12.10 8.42 - LU1960222286 - -
A2 Hgd SGD Accumulating 16.54 0.03 0.18 16.54 11.43 - LU0308772762 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Chief Investment Officer, Global Fixed Income

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Allocation Investment Team in the Multi-Asset Strategies Group, a member of BlackRock's Global Operating Committee and Chairman of the firm-wide BlackRock Investment Council.

David Clayton, CFA, JD
Portfolio Manager, Global Allocation

David Clayton

Russ Koesterich
Managing Director, Portfolio Manager and member of the Global Allocation team

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team within BlackRock's Multi-Asset Strategies Group.

 

 

Literature

Literature