Multi Asset

BGF Global Multi-Asset Income Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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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

  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) 4.77 3.50 -3.32 3.54 6.02 -8.04 9.52 2.79 4.37
  1Y 3Y 5Y 10y Incept.
-13.78 -2.81 -1.69 0.69 0.92
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-15.16 2.86 -1.90 -5.89 -13.78 -8.18 -8.18 7.14 9.88
  From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of Sep 30, 2022

-1.89 1.85 -1.31 9.66 -18.23
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

Net Assets of Fund as of Dec 7, 2022 USD 5,241,448,762
Share Class Inception Date Aug 8, 2012
Fund Inception Date Jun 28, 2012
Share Class Currency EUR
Base Currency USD
Asset Class Multi Asset
SFDR Classification Other
Initial Charge 3.00%
Ongoing Charge 2.25%
Annual Management Fee 2.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Distribution Frequency Quarterly
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category EUR Moderate Allocation - Global
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGMAE5G
ISIN LU0784385501
SEDOL B7V4TC4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Nov 30, 2022 3528
12m Trailing Yield as of Nov 30, 2022 5.56%
Standard Deviation (3y) as of Nov 30, 2022 10.57%
P/E Ratio as of Nov 30, 2022 7.25
P/B Ratio as of Nov 30, 2022 2.13
Yield to Maturity as of Nov 30, 2022 9.22%
Modified Duration as of Nov 30, 2022 2.97 yrs
Effective Duration as of Nov 30, 2022 2.11 yrs
Weighted Avg Maturity as of Nov 30, 2022 5.08 yrs

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, societal or governance topics, and 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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Nov 30, 2022
Name Weight (%)
ISHARES CORE S&P 500 UCITS ETF (DI 2.48
ISHARES $ HIGH YIELD CRP BND ETF $ 1.84
TREASURY NOTE (2OLD) 4.25 09/30/2024 0.95
BGF USD HIGH YIELD BD X6 USD 0.71
TAIWAN SEMICONDUCTOR MANUFACTURING 0.39
Name Weight (%)
CITIGROUP INC 5 12/31/2049 0.33
ASTRAZENECA PLC 0.30
SANOFI SA 0.28
STATE STREET CORP 4.29257 06/15/2037 0.27
CREDIT AGRICOLE SA 144A 8.125 12/31/2049 0.27
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, countries/regions are not available at this time.
as of Nov 30, 2022

% of Market Value

Type Fund
as of Nov 30, 2022

% of Market Value

Type Fund
Allocations subject to change.
Sorry, maturities are not available at this time.
as of Nov 30, 2022

% of Market Value

Type Fund
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.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
E5G Hgd EUR Quarterly 6.51 -0.02 -0.31 Dec 7, 2022 8.00 6.12 LU0784385501 -
C2 USD Accumulating 11.15 -0.02 -0.18 Dec 7, 2022 12.85 10.43 LU1005242950 -
I2 Hgd EUR Accumulating 10.08 -0.02 -0.20 Dec 7, 2022 11.67 9.45 LU1523256144 -
A4G USD Annual 8.45 -0.02 -0.24 Dec 7, 2022 10.15 7.89 LU1301847155 -
D4G Hgd CHF Annual 7.84 -0.02 -0.25 Dec 7, 2022 9.59 7.36 LU1373034344 -
E2 Hgd EUR Accumulating 9.79 -0.02 -0.20 Dec 7, 2022 11.50 9.20 LU1062843690 -
Class E9 Hedged EUR - 7.01 -0.01 -0.14 Dec 7, 2022 8.65 6.58 LU1294567109 -
A4G Hgd CHF Annual 7.39 -0.02 -0.27 Dec 7, 2022 9.12 6.95 LU1373034260 -
Class D6 Hedged SGD - 9.51 -0.02 -0.21 Dec 7, 2022 10.18 8.96 LU2472302624 -
Class AI5G Hedged EUR Quarterly 8.06 -0.02 -0.25 Dec 7, 2022 9.85 7.57 LU1960223680 -
A6 USD Monthly Stable 7.99 -0.02 -0.25 Dec 7, 2022 9.61 7.53 LU0784384876 -
A6 Hgd HKD Monthly Stable 76.25 -0.16 -0.21 Dec 7, 2022 92.49 72.02 LU0784385170 -
A2 USD Accumulating 14.09 -0.03 -0.21 Dec 7, 2022 16.05 13.15 LU0784385840 -
A6 Hgd EUR Monthly Stable 6.51 -0.01 -0.15 Dec 7, 2022 8.04 6.17 LU1133085917 -
A2 Hgd EUR Accumulating 10.21 -0.03 -0.29 Dec 7, 2022 11.95 9.59 LU0784383399 -
A5G Hgd SGD Quarterly 7.40 -0.02 -0.27 Dec 7, 2022 8.86 6.92 LU0784384363 -
X2 USD Accumulating 16.87 -0.04 -0.24 Dec 7, 2022 18.93 15.71 LU0784385766 -
E2 EUR Accumulating 15.21 -0.05 -0.33 Dec 7, 2022 16.36 14.88 LU0813497111 -
D2 USD Accumulating 14.85 -0.04 -0.27 Dec 7, 2022 16.79 13.85 LU0784385337 -
A4G Hgd EUR Annual 6.71 -0.01 -0.15 Dec 7, 2022 8.27 6.29 LU0784383712 -
Class I5G Hedged EUR Quarterly 7.39 -0.02 -0.27 Dec 7, 2022 8.93 6.93 LU1129992480 -
D6 USD Monthly Stable 8.68 -0.02 -0.23 Dec 7, 2022 10.35 8.18 LU1003077408 -
Class AI2 Hedged EUR - 9.58 -0.02 -0.21 Dec 7, 2022 11.21 8.99 LU1960223508 -
D4G Hgd EUR Annual 7.52 -0.01 -0.13 Dec 7, 2022 9.19 7.05 LU0944772804 -
A2 EUR Accumulating 13.39 -0.05 -0.37 Dec 7, 2022 14.39 13.07 LU1162516477 -
A6 Hgd SGD Monthly Stable 7.36 -0.02 -0.27 Dec 7, 2022 8.92 6.95 LU0949170426 -
Class X8 Hedged AUD Monthly Stable with IRD 8.70 -0.02 -0.23 Dec 7, 2022 10.38 8.19 LU1270847269 -
A8 Hgd NZD Monthly Stable with IRD 7.48 -0.01 -0.13 Dec 7, 2022 9.05 7.06 LU0949170343 -
Class D6 Hedged GBP Monthly 8.03 -0.02 -0.25 Dec 7, 2022 9.70 7.59 LU1791173633 -
A5G Hgd AUD Quarterly 8.06 -0.02 -0.25 Dec 7, 2022 9.72 7.54 LU0949170269 -
A2 Hgd CHF Accumulating 10.38 -0.02 -0.19 Dec 7, 2022 12.15 9.75 LU0784383472 -
A8 Hgd CNH Monthly Stable with IRD 81.73 -0.19 -0.23 Dec 7, 2022 99.53 77.43 LU1257007564 -
D2 Hgd EUR Accumulating 10.99 -0.02 -0.18 Dec 7, 2022 12.75 10.30 LU1062843344 -
A8 Hgd AUD Monthly Stable with IRD 7.78 -0.02 -0.26 Dec 7, 2022 9.42 7.34 LU0871640123 -
D2 Hgd CHF Accumulating 10.99 -0.02 -0.18 Dec 7, 2022 12.75 10.31 LU1373034187 -
Class A3G EUR Monthly 8.19 -0.03 -0.36 Dec 7, 2022 9.11 8.19 LU1238068834 -
C6 USD Monthly Stable 8.01 -0.02 -0.25 Dec 7, 2022 9.62 7.55 LU1023056556 -
I2 USD Accumulating 12.45 -0.03 -0.24 Dec 7, 2022 14.05 11.61 LU1523255922 -
A5G USD Quarterly 8.63 -0.02 -0.23 Dec 7, 2022 10.25 8.06 LU0784383803 -
Class X5G GBP Hedged GBP Quarterly 8.78 -0.02 -0.23 Dec 7, 2022 10.40 8.20 LU1877504073 -
A8 Hgd GBP Monthly Stable with IRD 7.31 -0.01 -0.14 Dec 7, 2022 8.87 6.90 LU1003077663 -
A8 Hgd CAD Monthly Stable with IRD 7.34 -0.02 -0.27 Dec 7, 2022 8.87 6.92 LU1003077580 -

Portfolio Managers

Portfolio Managers

Michael Fredericks
Head of Income Investing for BlackRock Multi-Asset Strategies Team
Justin Christofel, CFA
Portfolio Manager, Multi-Asset Portfolio Strategies
Alex Shingler, CFA
Portfolio Manager, Multi-Asset Portfolio Strategies

Literature

Literature