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.

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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Ex-Date Total Distribution
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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 8.75 -4.44 -0.35 15.61 -3.43 14.44 -7.84 6.08

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

  1Y 3Y 5Y 10y Incept.
5.14 4.03 4.26 - 2.70
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
1.94 1.94 7.31 5.76 5.14 12.58 23.21 - 25.95
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of Dec 31, 2023

15.61 -3.43 14.44 -7.84 6.08
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 EUR, 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 Feb 23, 2024 USD 4,676,999,147
Share Class Inception Date May 27, 2015
Fund Inception Date Jun 28, 2012
Share Class Currency EUR
Base Currency USD
Asset Class Multi Asset
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 1.76%
ISIN LU1238068834
Annual Management Fee 1.50%
Performance Fee 0.00%
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category USD Moderate Allocation
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGMAA3E
SEDOL BY4K757

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 31, 2024 3172
12m Trailing Yield as of Jan 31, 2024 6.02%
Standard Deviation (3y) as of Jan 31, 2024 7.71%
P/E Ratio as of Jan 31, 2024 12.87
P/B Ratio as of Jan 31, 2024 1.48
Yield to Maturity as of Jan 31, 2024 9.78%
Modified Duration as of Jan 31, 2024 2.86 yrs
Effective Duration as of Jan 31, 2024 2.26 yrs
Weighted Avg Maturity as of Jan 31, 2024 3.47 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 Rating

3 stars
Overall Morningstar Rating for BGF Global Multi-Asset Income Fund, Class A3G, as of Jan 31, 2024 rated against 1045 USD Moderate Allocation Funds.

Risk Indicator

Risk Indicator

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3
4
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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 31, 2024
Name Weight (%)
ISH MSCI USA Qty Div ESG UCITS ETF 3.14
ISHARES $ HIGH YIELD CRP BND ETF $ 2.02
ISH US MBS ETF USD DIST 1.13
BGF USD HIGH YIELD BD X6 USD 0.90
TAIWAN SEMICONDUCTOR MANUFACTURING 0.58
Name Weight (%)
MICROSOFT CORP 0.42
MSFT CITIGROUP INC 13.723/11/2024 0.35
SANOFI SA 0.32
AAPL BNP PARIBAS SA 9.511/31/2024 0.30
AAPL NOMURA AMERICA FINANCE LLC 10.853/19/2024 0.30
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 Jan 31, 2024

% of Market Value

Type Fund
as of Jan 31, 2024

% of Market Value

Type Fund
Allocations subject to change.
Sorry, maturities are not available at this time.
as of Jan 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
Class A3G EUR 8.09 0.01 0.12 Feb 23, 2024 8.18 7.59 LU1238068834
A6 Hgd CHF 10.19 0.02 0.20 Feb 23, 2024 10.31 9.49 LU2655523152
X2 USD 18.79 0.04 0.21 Feb 23, 2024 18.79 16.83 LU0784385766
Class D6 Hedged SGD 9.63 0.02 0.21 Feb 23, 2024 9.70 8.87 LU2472302624
A2 Hgd CHF 10.73 0.02 0.19 Feb 23, 2024 10.75 9.81 LU0784383472
A8 Hgd CNH 81.63 0.18 0.22 Feb 23, 2024 82.03 75.02 LU1257007564
I2 USD 13.77 0.03 0.22 Feb 23, 2024 13.77 12.36 LU1523255922
E2 Hgd EUR 10.30 0.02 0.19 Feb 23, 2024 10.30 9.36 LU1062843690
A6 Hgd EUR 6.41 0.02 0.31 Feb 23, 2024 6.50 5.93 LU1133085917
A6 Hgd JPY 1,011.00 2.00 0.20 Feb 23, 2024 1,026.00 946.00 LU2655523079
D2 Hgd CHF 11.49 0.03 0.26 Feb 23, 2024 11.49 10.47 LU1373034187
C6 USD 8.16 0.02 0.25 Feb 23, 2024 8.21 7.50 LU1023056556
D2 Hgd EUR 11.76 0.02 0.17 Feb 23, 2024 11.76 10.63 LU1062843344
C2 USD 11.98 0.03 0.25 Feb 23, 2024 11.98 10.84 LU1005242950
A4G Hgd CHF 7.20 0.01 0.14 Feb 23, 2024 7.50 6.59 LU1373034260
A4G USD 8.70 0.02 0.23 Feb 23, 2024 8.83 7.84 LU1301847155
Class E9 Hedged EUR 6.85 0.02 0.29 Feb 23, 2024 6.97 6.31 LU1294567109
I2 Hgd EUR 10.82 0.02 0.19 Feb 23, 2024 10.82 9.78 LU1523256144
A5G USD 8.75 0.02 0.23 Feb 23, 2024 8.75 8.00 LU0784383803
D4G Hgd CHF 7.72 0.01 0.13 Feb 23, 2024 8.00 7.04 LU1373034344
A8 Hgd AUD 7.91 0.02 0.25 Feb 23, 2024 7.95 7.27 LU0871640123
E5G Hgd EUR 6.37 0.01 0.16 Feb 23, 2024 6.49 5.87 LU0784385501
Class AI5G Hedged EUR 7.93 0.02 0.25 Feb 23, 2024 8.03 7.30 LU1960223680
A6 Hgd HKD 76.50 0.18 0.24 Feb 23, 2024 77.04 70.42 LU0784385170
A2 Hgd EUR 10.82 0.03 0.28 Feb 23, 2024 10.82 9.81 LU0784383399
E2 EUR 16.02 0.02 0.13 Feb 23, 2024 16.03 14.71 LU0813497111
D2 USD 16.38 0.04 0.24 Feb 23, 2024 16.38 14.71 LU0784385337
Class I5G Hedged EUR 7.37 0.02 0.27 Feb 23, 2024 7.39 6.76 LU1129992480
A2 USD 15.37 0.04 0.26 Feb 23, 2024 15.37 13.84 LU0784385840
A5G Hgd SGD 7.35 0.02 0.27 Feb 23, 2024 7.42 6.76 LU0784384363
A8 Hgd CAD 7.45 0.02 0.27 Feb 23, 2024 7.49 6.85 LU1003077580
A6 USD 8.14 0.02 0.25 Feb 23, 2024 8.18 7.47 LU0784384876
A8 Hgd GBP 7.51 0.02 0.27 Feb 23, 2024 7.53 6.88 LU1003077663
D6 USD 8.95 0.02 0.22 Feb 23, 2024 8.98 8.19 LU1003077408
A2 EUR 14.20 0.02 0.14 Feb 23, 2024 14.20 12.97 LU1162516477
A6 Hgd SGD 7.33 0.01 0.14 Feb 23, 2024 7.39 6.78 LU0949170426
Class AI2 Hedged EUR 10.15 0.02 0.20 Feb 23, 2024 10.15 9.20 LU1960223508
Class X5G GBP Hedged GBP 8.98 0.02 0.22 Feb 23, 2024 8.98 8.18 LU1877504073
A4G Hgd EUR 6.70 0.02 0.30 Feb 23, 2024 6.88 6.07 LU0784383712
D4G Hgd EUR 7.59 0.02 0.26 Feb 23, 2024 7.76 6.86 LU0944772804
Class X8 Hedged AUD 9.01 0.02 0.22 Feb 23, 2024 9.02 8.22 LU1270847269
A8 Hgd NZD 7.66 0.02 0.26 Feb 23, 2024 7.69 7.03 LU0949170343
A5G Hgd AUD 7.98 0.02 0.25 Feb 23, 2024 8.05 7.34 LU0949170269
Class D6 Hedged GBP 8.17 0.02 0.25 Feb 23, 2024 8.20 7.49 LU1791173633

Portfolio Managers

Portfolio Managers

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

  

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

  

Literature

Literature