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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

Loading

Performance

Performance

Growth of Hypothetical 10,000

View full chart

Distributions

Ex-Date Total Distribution
View full table

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 3.86 -1.67 5.47 8.00 -5.92 12.63 4.42 5.82 -13.70 7.85

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1Y 3Y 5Y 10y Incept.
7.08 -1.67 1.85 2.05 2.40
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
0.96 0.97 0.83 4.89 7.08 -4.92 9.59 22.44 30.32
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of Mar 31, 2024

-6.57 20.50 -0.65 -7.80 7.52
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.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in SGD, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund
as of Jun 21, 2024
USD 4,471,998,775
Fund Inception Date
Jun 28, 2012
Base Currency
USD
SFDR Classification
Other
Ongoing Charge
1.75%
Annual Management Fee
1.50%
Minimum Initial Investment
SGD 5000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Other Allocation
Dealing Frequency
Daily, forward pricing basis
SEDOL
B82GG14
Share Class Inception Date
Apr 3, 2013
Share Class Currency
SGD
Asset Class
Multi Asset
Initial Charge
5.00%
ISIN
LU0784384363
Performance Fee
0.00%
Minimum Subsequent Investment
SGD 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGMA5SH

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of May 31, 2024
3129
Standard Deviation (3y)
as of May 31, 2024
8.87%
P/B Ratio
as of May 31, 2024
1.69
Modified Duration
as of May 31, 2024
2.68 yrs
Weighted Avg Maturity
as of May 31, 2024
2.42 yrs
12m Trailing Yield
as of May 31, 2024
6.14%
P/E Ratio
as of May 31, 2024
14.24
Yield to Maturity
as of May 31, 2024
10.37%
Effective Duration
as of May 31, 2024
2.21 yrs

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or 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. Where appropriate, 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 Medalist Rating

Morningstar Medalist Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective May 1, 2019)

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of May 31, 2024
Name Weight (%)
ISH MSCI USA Qty Div ESG UCITS ETF 3.82
ISHARES $ HIGH YIELD CRP BND ETF $ 2.09
ISH US MBS ETF USD DIST 1.17
BGF USD HIGH YIELD BD X6 USD 0.96
MSFT SOCIETE GENERALE SA 9.546/7/2024 0.73
Name Weight (%)
TREASURY (CPI) NOTE 0.25 01/15/2025 0.53
TREASURY (CPI) NOTE 2.375 01/15/2025 0.53
AAPL ROYAL BANK OF CANADA 10.296/14/2024 0.47
TAIWAN SEMICONDUCTOR MANUFACTURING 0.42
AMZN CITIGROUP INC 14.226/12/2024 0.41
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 May 31, 2024

% of Market Value

Type Fund
as of May 31, 2024

% of Market Value

Type Fund
Allocations subject to change.
Sorry, maturities are not available at this time.
as of May 31, 2024

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A5G Hgd SGD 7.24 0.00 0.00 Jun 21, 2024 7.43 6.76 LU0784384363
A8 Hgd CNH 81.99 0.02 0.02 Jun 21, 2024 82.51 75.02 LU1257007564
Class E9 Hedged EUR 6.85 0.00 0.00 Jun 21, 2024 6.94 6.31 LU1294567109
Class A3G EUR 8.21 0.04 0.49 Jun 21, 2024 8.21 7.59 LU1238068834
A4G USD 8.90 0.00 0.00 Jun 21, 2024 8.91 7.84 LU1301847155
A6 Hgd CHF 10.08 0.00 0.00 Jun 21, 2024 10.31 9.49 LU2655523152
D2 Hgd EUR 12.01 0.01 0.08 Jun 21, 2024 12.02 10.63 LU1062843344
D2 Hgd CHF 11.63 0.00 0.00 Jun 21, 2024 11.68 10.47 LU1373034187
A8 Hgd AUD 7.93 0.00 0.00 Jun 21, 2024 7.99 7.27 LU0871640123
E2 Hgd EUR 10.47 0.00 0.00 Jun 21, 2024 10.50 9.36 LU1062843690
X2 USD 19.33 0.00 0.00 Jun 21, 2024 19.33 16.83 LU0784385766
A6 Hgd EUR 6.39 0.00 0.00 Jun 21, 2024 6.46 5.93 LU1133085917
Class AI5G Hedged EUR 7.82 0.00 0.00 Jun 21, 2024 8.02 7.30 LU1960223680
A6 Hgd HKD 76.36 0.01 0.01 Jun 21, 2024 77.16 70.42 LU0784385170
I2 USD 14.14 0.01 0.07 Jun 21, 2024 14.14 12.36 LU1523255922
A6 USD 8.16 0.00 0.00 Jun 21, 2024 8.21 7.47 LU0784384876
A4G Hgd EUR 6.81 0.00 0.00 Jun 21, 2024 6.88 6.07 LU0784383712
E5G Hgd EUR 6.27 0.00 0.00 Jun 21, 2024 6.44 5.87 LU0784385501
Class I5G Hedged EUR 7.29 0.00 0.00 Jun 21, 2024 7.45 6.76 LU1129992480
D2 USD 16.81 0.00 0.00 Jun 21, 2024 16.81 14.71 LU0784385337
I2 Hgd EUR 11.05 0.00 0.00 Jun 21, 2024 11.06 9.78 LU1523256144
Class AI2 Hedged EUR 10.33 0.00 0.00 Jun 21, 2024 10.35 9.20 LU1960223508
A8 Hgd CAD 7.47 0.00 0.00 Jun 21, 2024 7.52 6.85 LU1003077580
D6 USD 9.00 0.00 0.00 Jun 21, 2024 9.04 8.19 LU1003077408
Class D6 Hedged SGD 9.63 0.00 0.00 Jun 21, 2024 9.72 8.87 LU2472302624
Class X5G GBP Hedged GBP 8.94 0.01 0.11 Jun 21, 2024 9.09 8.18 LU1877504073
A6 Hgd SGD 7.31 0.00 0.00 Jun 21, 2024 7.40 6.78 LU0949170426
A2 EUR 14.71 0.05 0.34 Jun 21, 2024 14.71 13.02 LU1162516477
Class X8 Hedged AUD 9.11 0.00 0.00 Jun 21, 2024 9.14 8.22 LU1270847269
A8 Hgd NZD 7.68 0.00 0.00 Jun 21, 2024 7.73 7.03 LU0949170343
A5G Hgd AUD 7.87 0.00 0.00 Jun 21, 2024 8.07 7.34 LU0949170269
A8 Hgd GBP 7.55 0.01 0.13 Jun 21, 2024 7.58 6.88 LU1003077663
Class D6 Hedged GBP 8.21 0.01 0.12 Jun 21, 2024 8.25 7.49 LU1791173633
D4G Hgd EUR 7.75 0.00 0.00 Jun 21, 2024 7.76 6.86 LU0944772804
A2 Hgd EUR 11.01 0.00 0.00 Jun 21, 2024 11.03 9.81 LU0784383399
E2 EUR 16.58 0.07 0.42 Jun 21, 2024 16.58 14.74 LU0813497111
A2 USD 15.72 0.00 0.00 Jun 21, 2024 15.73 13.84 LU0784385840
A2 Hgd CHF 10.83 0.00 0.00 Jun 21, 2024 10.88 9.81 LU0784383472
A4G Hgd CHF 7.27 0.00 0.00 Jun 21, 2024 7.50 6.59 LU1373034260
C2 USD 12.21 0.01 0.08 Jun 21, 2024 12.23 10.84 LU1005242950
C6 USD 8.18 0.00 0.00 Jun 21, 2024 8.24 7.50 LU1023056556
D4G Hgd CHF 7.82 0.00 0.00 Jun 21, 2024 8.00 7.04 LU1373034344
A5G USD 8.67 0.01 0.12 Jun 21, 2024 8.85 8.00 LU0784383803
A6 Hgd JPY 995.00 0.00 0.00 Jun 21, 2024 1,026.00 946.00 LU2655523079

Portfolio Managers

Portfolio Managers

Alex Shingler, CFA
Portfolio Manager, Multi-Asset Portfolio Strategies

  

Justin Christofel, CFA
Portfolio Manager, Multi-Asset Portfolio Strategies

  

Literature

Literature