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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Distributions

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

as of Dec 31, 2020

3.25 12.83 -8.88 16.82 19.71
Benchmark (%)

as of Dec 31, 2020

6.06 15.69 -4.68 18.79 13.34
  1Y 3Y 5Y 10y Incept.
27.68 8.52 9.50 - 6.84
Benchmark (%)

as of Feb 28, 2021

18.73 8.38 10.00 - 8.25
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
1.07 0.73 4.39 27.68 27.78 57.42 - 83.37
Benchmark (%)

as of Feb 28, 2021

-0.05 0.78 3.09 18.73 27.30 61.03 - 106.77
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 1014
Size of Fund (Millions) as of Mar 5, 2021 USD 16,122.134
12m Trailing Yield as of Jul 31, 2020 0.36
Base Currency U.S. Dollar
Fund Inception Date Jan 3, 1997
Share Class Currency U.S. Dollar
Share Class Inception Date Dec 30, 2011
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
Benchmark Index 36% S&P 500, 24% FTSE World (ex.US), 24% ICE BofA ML Cur 5-yr US Treasury, 16% FTSE Non-USD WGBI
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.77%
ISIN LU0724617625
Bloomberg Ticker BGGAA4U
Annual Management Fee 1.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3WHDV1
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of Jan 29, 2021 25.79
Average Market Cap (Millions) as of Jan 29, 2021 USD 326,938.2 M
Effective Duration as of Jan 29, 2021 1.81 yrs
Effective Duration Fixed Income as of Jan 29, 2021 9.37 yrs
Effective Duration Fixed Income and Cash as of Jan 29, 2021 6.09 yrs

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for BGF Global Allocation Fund, Class A4, as of Feb 28, 2021 rated against 773 USD Moderate Allocation Funds.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 29, 2021
Name Weight (%)
APPLE INC 2.38
MICROSOFT CORP 2.09
ALPHABET INC CLASS C 1.55
AMAZON COM INC 1.50
TAIWAN SEMICONDUCTOR MANUFACTURING 1.04
Name Weight (%)
SIEMENS N AG 1.00
JOHNSON & JOHNSON 0.94
NEXTERA ENERGY INC 0.93
JPMORGAN CHASE & CO 0.90
BANK OF AMERICA CORP 0.85
as of Jan 29, 2021
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 1.78
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1.29
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 1.27
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.77
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.75
Name Weight (%)
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.65
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.64
ISHARES $ CORPORATE BOND UCITS ETF 0.62
ITALY (REPUBLIC OF) 0.95 08/01/2030 0.60
ITALY (REPUBLIC OF) 3.85 09/01/2049 0.55
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 29, 2021

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of Jan 29, 2021

% of Net Assets

Type Fund Benchmark Net
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 2021

% 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
A4 USD Annual 70.60 -0.65 -0.91 73.67 47.51 - LU0724617625 - -
E2 EUR Accumulating 55.46 0.07 0.13 57.01 41.36 - LU0171283533 - -
D4 EUR Annual 59.73 0.08 0.13 61.36 44.22 - LU0827880005 - -
C2 USD Accumulating 54.76 -0.51 -0.92 57.18 37.29 - LU0147395726 - -
I2 EUR Accumulating 67.37 0.09 0.13 69.20 49.55 - LU1653088838 - -
A2 Hgd AUD Accumulating 21.09 -0.19 -0.89 21.99 14.33 - LU0468326631 - -
X4 USD Annual 15.80 -0.14 -0.88 16.47 10.60 - LU0953392981 - -
C2 EUR Accumulating 45.97 0.06 0.13 47.27 34.53 - LU0331284793 - -
C2 Hgd EUR Accumulating 33.48 -0.32 -0.95 34.97 23.12 - LU0212926058 - -
E2 USD Accumulating 66.07 -0.61 -0.91 68.96 44.68 - LU0147396450 - -
D2 Hgd AUD Accumulating 22.46 -0.21 -0.93 23.42 15.16 - LU0827880187 - -
D2 Hgd SGD Accumulating 18.09 -0.16 -0.88 18.87 12.15 - LU0827880690 - -
D2 EUR Accumulating 67.35 0.09 0.13 69.19 49.64 - LU0523293024 - -
E2 Hgd PLN Accumulating 19.51 -0.19 -0.96 20.38 13.29 - LU0530192003 - -
D2 Hgd CHF Accumulating 15.43 -0.14 -0.90 16.11 10.46 - LU0827880260 - -
A2 HUF Accumulating 22,414.04 198.92 0.90 22,498.05 15,897.45 - LU0566074125 - -
X2 Hgd AUD Accumulating 25.26 -0.23 -0.90 26.32 16.89 - LU0525289509 - -
A4 EUR Annual 59.26 0.07 0.12 60.90 43.99 - LU0408221512 - -
X2 EUR Accumulating 76.47 0.11 0.14 78.52 55.85 - LU0984173384 - -
A2 Hgd PLN Accumulating 20.54 -0.20 -0.96 21.45 13.93 - LU0480534592 - -
A2 Hgd CHF Accumulating 14.47 -0.14 -0.96 15.12 9.88 - LU0343169966 - -
D4 Hgd EUR Annual 41.53 -0.39 -0.93 43.34 28.27 - LU0827880773 - -
E2 Hgd EUR Accumulating 42.07 -0.40 -0.94 43.92 28.84 - LU0212926132 - -
I2 USD Accumulating 80.25 -0.74 -0.91 83.70 53.52 - LU0368249560 - -
X2 Hgd JPY Accumulating 1,416.00 -14.00 -0.98 1,478.00 946.00 - LU1445720094 - -
I2 Hgd EUR Accumulating 48.56 -0.45 -0.92 50.66 32.83 - LU0368231949 - -
A2 USD Accumulating 72.61 -0.67 -0.91 75.77 48.87 - LU0072462426 - -
A2 Hgd CNH Accumulating 167.38 -1.56 -0.92 174.47 110.83 - LU1062906877 - -
D2 Hgd GBP Accumulating 38.86 -0.36 -0.92 40.51 26.19 - LU0827880344 - -
A2 Hgd HKD Accumulating 17.32 -0.16 -0.92 18.08 11.65 - LU0788109477 - -
A2 EUR Accumulating 60.96 0.08 0.13 62.64 45.24 - LU0171283459 - -
D2 Hgd PLN Accumulating 21.89 -0.21 -0.95 22.85 14.73 - LU0827880427 - -
A4 Hgd EUR Annual 41.23 -0.39 -0.94 43.04 28.13 - LU0240613025 - -
Class AI2 EUR - 12.14 -0.09 -0.74 12.49 9.02 - LU1960222104 - -
I2 Hgd SGD Accumulating 18.20 -0.17 -0.93 18.99 12.21 - LU0810842038 - -
A2 Hgd GBP Accumulating 36.50 -0.34 -0.92 38.07 24.78 - LU0236177068 - -
X2 Hgd EUR Accumulating 14.24 -0.14 -0.97 14.85 9.56 - LU0260352280 - -
A2 Hgd EUR Accumulating 44.37 -0.42 -0.94 46.32 30.28 - LU0212925753 - -
D4 GBP Annual 51.51 0.13 0.25 53.62 40.98 - LU1852330908 - -
D2 USD Accumulating 80.23 -0.74 -0.91 83.69 53.61 - LU0329592538 - -
J2 USD Accumulating 91.69 -0.84 -0.91 95.60 60.72 - LU0304953069 - -
D2 Hgd EUR Accumulating 49.03 -0.46 -0.93 51.16 33.22 - LU0329591480 - -
X2 USD Accumulating 91.09 -0.83 -0.90 94.97 60.32 - LU0328507826 - -
A2 Hgd SGD Accumulating 16.89 -0.15 -0.88 17.62 11.43 - LU0308772762 - -
Class AI2 Hedged EUR - 12.46 -0.12 -0.95 12.89 8.42 - LU1960222286 - -

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