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

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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 (%) 3.56 5.95 -8.06 9.60 2.89 4.36 -15.99 6.53

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

  1Y 3Y 5Y 10y Incept.
6.23 -2.97 -0.02 - 0.89
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
1.90 0.98 0.10 1.90 6.23 -8.65 -0.08 - 8.09
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of Jun 30, 2024

-3.55 13.40 -15.06 1.24 6.23
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.

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 Jul 18, 2024
USD 4,541,714,493
Fund Inception Date
Jun 28, 2012
Base Currency
USD
SFDR Classification
Other
Ongoing Charge
2.25%
Annual Management Fee
2.00%
Minimum Initial Investment
EUR 5000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
EUR Moderate Allocation - Global
Dealing Frequency
Daily, forward pricing basis
SEDOL
BYRJS03
Share Class Inception Date
Sep 23, 2015
Share Class Currency
EUR
Asset Class
Multi Asset
Initial Charge
3.00%
ISIN
LU1294567109
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGMAE9E

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jun 28, 2024
3119
Standard Deviation (3y)
as of Jun 30, 2024
8.91%
P/B Ratio
as of Jun 28, 2024
1.72
Modified Duration
as of Jun 28, 2024
2.68 yrs
Weighted Avg Maturity
as of Jun 28, 2024
2.52 yrs
12m Trailing Yield
as of Jun 30, 2024
6.23%
P/E Ratio
as of Jun 28, 2024
14.58
Yield to Maturity
as of Jun 28, 2024
10.36%
Effective Duration
as of Jun 28, 2024
2.22 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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
ISH MSCI USA Qty Div ESG UCITS ETF 3.37
ISHARES $ HIGH YIELD CRP BND ETF $ 2.11
ISH US MBS ETF USD DIST 1.17
BGF USD HIGH YIELD BD X6 USD 0.98
ISHARES CORE CORP BOND UCI USD 0.80
Name Weight (%)
MSFT SOCIETE GENERALE SA 9.267/24/2024 0.77
TAIWAN SEMICONDUCTOR MANUFACTURING 0.56
TREASURY (CPI) NOTE 2.375 01/15/2025 0.53
TREASURY (CPI) NOTE 0.25 01/15/2025 0.53
AAPL WELLS FARGO & COMPANY 11.537/30/2024 0.51
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 Jun 28, 2024

% of Market Value

Type Fund
as of Jun 28, 2024

% of Market Value

Type Fund
Allocations subject to change.
Sorry, maturities are not available at this time.
as of Jun 28, 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 E9 Hedged EUR 6.86 0.00 0.00 Jul 18, 2024 6.94 6.31 LU1294567109
I2 USD 14.43 0.01 0.07 Jul 18, 2024 14.43 12.36 LU1523255922
A8 Hgd CNH 83.21 0.03 0.04 Jul 18, 2024 83.21 75.02 LU1257007564
X2 USD 19.74 0.01 0.05 Jul 18, 2024 19.74 16.83 LU0784385766
D2 Hgd CHF 11.84 0.01 0.08 Jul 18, 2024 11.84 10.47 LU1373034187
A8 Hgd AUD 8.05 0.00 0.00 Jul 18, 2024 8.05 7.27 LU0871640123
A6 Hgd JPY 1,006.00 1.00 0.10 Jul 18, 2024 1,026.00 946.00 LU2655523079
A6 Hgd CHF 10.20 0.00 0.00 Jul 18, 2024 10.31 9.49 LU2655523152
I2 Hgd EUR 11.26 0.00 0.00 Jul 18, 2024 11.26 9.78 LU1523256144
Class D6 Hedged SGD 9.76 0.00 0.00 Jul 18, 2024 9.76 8.87 LU2472302624
Class A3G EUR 8.15 0.02 0.25 Jul 18, 2024 8.21 7.59 LU1238068834
D4G Hgd CHF 7.96 0.01 0.13 Jul 18, 2024 8.00 7.04 LU1373034344
D2 Hgd EUR 12.24 0.01 0.08 Jul 18, 2024 12.24 10.63 LU1062843344
A6 Hgd EUR 6.47 0.00 0.00 Jul 18, 2024 6.47 5.93 LU1133085917
C6 USD 8.30 0.01 0.12 Jul 18, 2024 8.30 7.50 LU1023056556
E2 Hgd EUR 10.66 0.00 0.00 Jul 18, 2024 10.66 9.36 LU1062843690
A4G Hgd CHF 7.39 0.00 0.00 Jul 18, 2024 7.50 6.59 LU1373034260
A4G USD 9.08 0.01 0.11 Jul 18, 2024 9.08 7.84 LU1301847155
C2 USD 12.44 0.01 0.08 Jul 18, 2024 12.44 10.84 LU1005242950
A5G USD 8.84 0.01 0.11 Jul 18, 2024 8.85 8.00 LU0784383803
A2 Hgd CHF 11.01 0.00 0.00 Jul 18, 2024 11.01 9.81 LU0784383472
A6 Hgd HKD 77.42 0.03 0.04 Jul 18, 2024 77.42 70.42 LU0784385170
A6 USD 8.28 0.01 0.12 Jul 18, 2024 8.28 7.47 LU0784384876
Class I5G Hedged EUR 7.43 0.00 0.00 Jul 18, 2024 7.45 6.76 LU1129992480
E2 EUR 16.55 0.05 0.30 Jul 18, 2024 16.58 14.75 LU0813497111
A2 USD 16.03 0.00 0.00 Jul 18, 2024 16.03 13.84 LU0784385840
D6 USD 9.14 0.01 0.11 Jul 18, 2024 9.14 8.19 LU1003077408
A4G Hgd EUR 6.94 0.00 0.00 Jul 18, 2024 6.94 6.07 LU0784383712
A2 Hgd EUR 11.21 0.00 0.00 Jul 18, 2024 11.21 9.81 LU0784383399
A5G Hgd SGD 7.37 0.00 0.00 Jul 18, 2024 7.43 6.76 LU0784384363
D4G Hgd EUR 7.90 0.01 0.13 Jul 18, 2024 7.90 6.86 LU0944772804
Class AI2 Hedged EUR 10.52 0.01 0.10 Jul 18, 2024 10.52 9.20 LU1960223508
E5G Hgd EUR 6.38 0.00 0.00 Jul 18, 2024 6.44 5.87 LU0784385501
D2 USD 17.16 0.01 0.06 Jul 18, 2024 17.16 14.71 LU0784385337
A8 Hgd CAD 7.58 0.01 0.13 Jul 18, 2024 7.58 6.85 LU1003077580
A6 Hgd SGD 7.41 0.01 0.14 Jul 18, 2024 7.41 6.78 LU0949170426
A8 Hgd GBP 7.66 0.00 0.00 Jul 18, 2024 7.66 6.88 LU1003077663
A2 EUR 14.70 0.05 0.34 Jul 18, 2024 14.71 13.04 LU1162516477
Class X5G GBP Hedged GBP 9.12 0.00 0.00 Jul 18, 2024 9.12 8.18 LU1877504073
Class AI5G Hedged EUR 7.96 0.00 0.00 Jul 18, 2024 8.02 7.30 LU1960223680
Class X8 Hedged AUD 9.27 0.01 0.11 Jul 18, 2024 9.27 8.22 LU1270847269
A5G Hgd AUD 8.02 0.00 0.00 Jul 18, 2024 8.07 7.34 LU0949170269
Class D6 Hedged GBP 8.33 0.00 0.00 Jul 18, 2024 8.33 7.49 LU1791173633
A8 Hgd NZD 7.80 0.01 0.13 Jul 18, 2024 7.80 7.03 LU0949170343

Portfolio Managers

Portfolio Managers

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

  

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

  

Literature

Literature