Multi Asset

BlackRock Multi Asset Balanced Selection 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 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 utilizes derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The strategies utilized by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.

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.
View full chart
  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

-0.63 3.67 1.75 11.65 -15.59
  1Y 3Y 5Y 10y Incept.
-15.34 -0.95 -0.22 - 0.70
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-16.05 1.47 -6.47 -7.77 -15.34 -2.81 -1.12 - 4.47
  2017 2018 2019 2020 2021
Total Return (%) 3.88 -8.39 13.85 5.62 7.10
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 Nov 29, 2022 EUR 36,087,655
Share Class Inception Date Jul 18, 2016
Fund Inception Date Jul 18, 2016
Share Class Currency EUR
Base Currency EUR
Asset Class Multi Asset
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 1.90%
Annual Management Fee 1.65%
Performance Fee 0.00%
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category EUR Moderate Allocation - Global
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BRMABEA
ISIN IE00BYQQ0F44
SEDOL BYQQ0F4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Oct 31, 2022 42
Standard Deviation (3y) as of Oct 31, 2022 10.80%
P/E Ratio as of Oct 31, 2022 0.00
P/B Ratio as of Oct 31, 2022 0.00
Yield to Maturity as of Oct 31, 2022 2.90%
Modified Duration as of Oct 31, 2022 3.29 yrs
Effective Duration as of Oct 31, 2022 3.02 yrs
Weighted Avg Maturity as of Oct 31, 2022 4.21 yrs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Sep 21, 2022 AA
MSCI ESG % Coverage as of Sep 21, 2022 87.25
MSCI ESG Quality Score (0-10) as of Sep 21, 2022 7.57
MSCI ESG Quality Score - Peer Percentile as of Sep 21, 2022 39.15
Fund Lipper Global Classification as of Sep 21, 2022 Mixed Asset EUR Flex - Global
Funds in Peer Group as of Sep 21, 2022 1,267
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Sep 21, 2022 150.23
MSCI Weighted Average Carbon Intensity % Coverage as of Sep 21, 2022 63.68
All data is from MSCI ESG Fund Ratings as of Sep 21, 2022, based on holdings as of May 31, 2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage 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.

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 Oct 31, 2022 0.00%
MSCI - UN Global Compact Violators as of Oct 31, 2022 0.26%
MSCI - Nuclear Weapons as of Oct 31, 2022 0.01%
MSCI - Thermal Coal as of Oct 31, 2022 0.00%
MSCI - Civilian Firearms as of Oct 31, 2022 0.01%
MSCI - Oil Sands as of Oct 31, 2022 0.06%
MSCI - Tobacco as of Oct 31, 2022 0.21%

Business Involvement Coverage as of Oct 31, 2022 62.59%
Percentage of Fund not covered as of Oct 31, 2022 37.41%
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 0.35% and for Oil Sands 1.40%.

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.


Within its Solutions platform, the Fund manager conducts assessments for all third-party active managers as part of an approval process: this assessment considers whether managers have dedicated ESG resources or use internal ESG data, as well as the degree to which ESG is fully integrated into the investment process. For equity managers, the Fund manager also considers the strength of investment stewardship capabilities. The assessment results in an internal manager-specific ESG rating based on the level of ESG integration. The Fund manager considers these ratings when selecting new active managers. The Fund manager includes ESG criteria in Portfolio Construction Review meetings. The Fund manager reviews internal ESG ratings in manager research reviews. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include discussion of portfolio exposure to material environmental, social and governance risks.

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BlackRock Multi Asset Balanced Selection Fund, Class E, as of Oct 31, 2022 rated against 2302 EUR Moderate Allocation - Global Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Oct 31, 2022
Name Weight (%)
BSF SUST EURO BOND FD X2 EUR 9.64
ISHARES $ CORP BOND ESG U EUR HD D 8.75
BLK ADV EUR EQ FD X ACC EUR 6.31
BLK GL HY SUS CR SC FD X EUR HDG 6.15
BSF SUS EURO CORP BOND FUND X2 EUR 5.94
Name Weight (%)
BGF CONT EUR FLEX FUND X2 EUR 5.76
BGF US DOLLAR BOND FD X2 USD 4.39
ISHS EDG MSCI WRLD MV ESG USD ACC 4.13
BGF GBL INFL LNKD BD FD X2 EUR HDG 3.57
BGF SUS EMG MKTS CORP X2 USD 3.38
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
as of -

% of Market Value

Type Fund
as of Oct 31, 2022

% of Market Value

Type Fund
as of Oct 31, 2022

% of Market Value

Type Fund
Allocations subject to change.
Sorry, maturities are not available at this time.
as of Oct 31, 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
E EUR Accumulating 10.73 0.00 0.02 Nov 29, 2022 12.48 10.18 IE00BYQQ0F44 -
D EUR Accumulating 11.69 0.00 0.02 Nov 29, 2022 13.46 11.08 IE00BYQQ0D20 -

Portfolio Managers

Portfolio Managers

Bruno Rovelli
Bruno Rovelli

Literature

Literature