Multi Asset

BGF Global Multi-Asset Income Fund

  • NAV as of May 20, 2022 USD 12.54
    52 WK: 12.49 - 14.06
  • 1 Day NAV Change as of May 20, 2022 0.05 (0.40%)
  • Morningstar Rating

Overview

Investment Approach

The Fund aims to generate an above average level of income on your investment as well as maintain long term capital growth. The Fund invests globally in shares, fixed income securities, funds, cash, deposits and money market instruments. The asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions and other factors at the Portfolio Manager's discretion.
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.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart
Share Class performance displayed in  U.S. Dollar. Source: BlackRock. Performance is show on a net asset value basis, with gross income reinvested. Past performance is not a guide to future performance

Reinvestments

This fund does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution
  From
31-Mar-2017
To
31-Mar-2018		 From
31-Mar-2018
To
31-Mar-2019		 From
31-Mar-2019
To
31-Mar-2020		 From
31-Mar-2020
To
31-Mar-2021		 From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of Mar 31, 2022

4.97 4.19 -4.37 22.30 0.60
  1Y 3Y 5Y 10y Incept.
Total Return (%)

as of Apr 30, 2022

-4.83 3.93 4.20 - 4.96
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
Total Return (%)

as of Apr 30, 2022

-7.20 -3.34 -4.41 -4.83 12.25 22.85 - 30.10
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

Size of Fund (Millions) as of May 20, 2022 USD 5,806.709
12m Trailing Yield -
Number of Holdings as of Apr 29, 2022 3767
Base Currency U.S. Dollar
Fund Inception Date Jun 28, 2012
Share Class Inception Date Nov 23, 2016
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.66%
ISIN LU1523255922
Bloomberg Ticker BGMAI2U
Annual Management Fee 0.60%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BDR6LX1
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 Apr 29, 2022 0.00%
MSCI - UN Global Compact Violators as of Apr 29, 2022 0.43%
MSCI - Nuclear Weapons as of Apr 29, 2022 0.00%
MSCI - Thermal Coal as of Apr 29, 2022 0.01%
MSCI - Civilian Firearms as of Apr 29, 2022 0.03%
MSCI - Oil Sands as of Apr 29, 2022 0.01%
MSCI - Tobacco as of Apr 29, 2022 0.36%
Business Involvement Coverage as of Apr 29, 2022 63.47%
Percentage of Fund not covered as of Apr 29, 2022 36.98%
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 0.17% and for Oil Sands 0.75%.

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.


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

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BGF Global Multi-Asset Income Fund, Class I2, as of Apr 30, 2022 rated against 929 USD Moderate Allocation Funds.
Ratings Report

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Apr 29, 2022
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 4.27
ISHARES J.P. MORGAN $ EMER MKTS BD 0.93
BGF USD HIGH YIELD BD X6 USD 0.62
TAIWAN SEMICONDUCTOR MANUFACTURING 0.46
MICROSOFT CORP 0.39
Name Weight (%)
SANOFI SA 0.31
GOOGL NOMURA BANK INTERNATIONAL PLC 12.425/26/2022 0.31
NOVO NORDISK CLASS B 0.29
CITIGROUP INC 5 12/31/2049 0.29
ASTRAZENECA PLC 0.28
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 29, 2022

% of Market Value

Type Fund
Allocations subject to change.
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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
I2 USD Accumulating 12.54 0.05 0.40 14.06 12.49 - LU1523255922 - -
I2 Hgd EUR Accumulating 10.34 0.03 0.29 11.72 10.31 - LU1523256144 - -
C2 USD Accumulating 11.37 0.04 0.35 12.96 11.33 - LU1005242950 - -
Class D6 Hedged SGD - 9.93 0.03 0.30 10.00 9.90 - LU2472302624 - -
Class A3G EUR Monthly 8.53 0.03 0.35 9.16 8.47 - LU1238068834 - -
C6 USD Monthly Stable 8.38 0.02 0.24 9.82 8.36 - LU1023056556 - -
D2 Hgd EUR Accumulating 11.29 0.04 0.36 12.80 11.25 - LU1062843344 - -
E2 Hgd EUR Accumulating 10.13 0.03 0.30 11.61 10.10 - LU1062843690 - -
A2 Hgd CHF Accumulating 10.72 0.03 0.28 12.25 10.69 - LU0784383472 - -
Class E9 Hedged EUR - 7.47 0.03 0.40 8.88 7.44 - LU1294567109 - -
A4G Hgd CHF Annual 8.05 0.02 0.25 9.58 8.03 - LU1373034260 - -
X2 USD Accumulating 16.93 0.06 0.36 18.93 16.87 - LU0784385766 - -
A2 USD Accumulating 14.27 0.05 0.35 16.12 14.22 - LU0784385840 - -
Class AI5G Hedged EUR Quarterly 8.57 0.03 0.35 10.14 8.54 - LU1960223680 - -
A2 Hgd EUR Accumulating 10.54 0.03 0.29 12.04 10.51 - LU0784383399 - -
A8 Hgd CNH Monthly Stable with IRD 86.72 0.29 0.34 100.90 86.43 - LU1257007564 - -
A8 Hgd AUD Monthly Stable with IRD 8.19 0.03 0.37 9.61 8.16 - LU0871640123 - -
A5G USD Quarterly 8.99 0.03 0.33 10.52 8.96 - LU0784383803 - -
D2 USD Accumulating 14.97 0.05 0.34 16.81 14.92 - LU0784385337 - -
E2 EUR Accumulating 15.38 0.05 0.33 16.22 14.68 - LU0813497111 - -
Class I5G Hedged EUR Quarterly 7.81 0.03 0.39 9.14 7.78 - LU1129992480 - -
A4G Hgd EUR Annual 7.30 0.02 0.27 8.68 7.28 - LU0784383712 - -
D6 USD Monthly Stable 9.05 0.03 0.33 10.51 9.02 - LU1003077408 - -
Class AI2 Hedged EUR - 9.89 0.03 0.30 11.29 9.86 - LU1960223508 - -
A4G USD Annual 9.02 0.03 0.33 10.61 8.99 - LU1301847155 - -
A8 Hgd NZD Monthly Stable with IRD 7.88 0.03 0.38 9.23 7.85 - LU0949170343 - -
A2 EUR Accumulating 13.51 0.05 0.37 14.22 12.83 - LU1162516477 - -
Class X8 Hedged AUD Monthly Stable with IRD 9.08 0.03 0.33 10.53 9.05 - LU1270847269 - -
A6 Hgd SGD Monthly Stable 7.76 0.03 0.39 9.10 7.73 - LU0949170426 - -
A8 Hgd CAD Monthly Stable with IRD 7.71 0.02 0.26 9.04 7.69 - LU1003077580 - -
Class X5G GBP Hedged GBP Quarterly 9.17 0.03 0.33 10.61 9.14 - LU1877504073 - -
D4G Hgd EUR Annual 8.14 0.03 0.37 9.62 8.11 - LU0944772804 - -
Class D6 Hedged GBP Monthly 8.47 0.03 0.36 9.86 8.44 - LU1791173633 - -
A5G Hgd AUD Quarterly 8.49 0.03 0.35 9.99 8.46 - LU0949170269 - -
A8 Hgd GBP Monthly Stable with IRD 7.73 0.03 0.39 9.05 7.70 - LU1003077663 - -
A5G Hgd SGD Quarterly 7.76 0.03 0.39 9.09 7.73 - LU0784384363 - -
A6 Hgd EUR Monthly Stable 6.96 0.03 0.43 8.24 6.93 - LU1133085917 - -
E5G Hgd EUR Quarterly 6.94 0.02 0.29 8.26 6.92 - LU0784385501 - -
A6 Hgd HKD Monthly Stable 80.45 0.27 0.34 94.41 80.18 - LU0784385170 - -
A6 USD Monthly Stable 8.37 0.03 0.36 9.80 8.34 - LU0784384876 - -
D2 Hgd CHF Accumulating 11.30 0.04 0.36 12.82 11.26 - LU1373034187 - -
D4G Hgd CHF Annual 8.49 0.02 0.24 10.04 8.47 - LU1373034344 - -

Portfolio Managers

Portfolio Managers

Michael Fredericks
Michael Fredericks
Head of Income Investing for BlackRock Multi-Asset Strategies Team
Read More

Michael Fredericks, Managing Director, is head of Income Investing for the Blackrock Multi-Asset Strategies group and lead portfolio manager for the Multi-Asset Income, Global Multi-Asset Income, and Dynamic High Income funds.

 

Mr. Fredericks joined BlackRock in 2011 from JPMorgan Asset Management where he was an Executive Director and portfolio manager in the Global Multi-Asset Group (GMAG), responsible for retail asset allocation solutions. At JPMorgan he co-managed the JPMorgan Diversified Fund and the JPMorgan Income Builder Fund, and served on the GMAG New York investment committee. Previously he was an equity analyst responsible for global consumer discretionary stocks at Nicholas Applegate Capital Management.

 

Mr. Fredericks holds a B.A. in Economics and History from the University of California, Berkeley and an M.P.I.A. from the Graduate School of International Relations and Pacific Studies at the University of California, San Diego.

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

Justin Christofel, CFA, CAIA, Managing Director and portfolio manager, is a member of the BlackRock Multi-Asset Portfolio Strategies (MAPS) team, which is responsible for developing, assembling and managing global tactical asset allocation portfolios as well as outcome oriented investment solutions. Mr. Christofel is a portfolio manager for the Multi-Asset Income, Global Multi-Asset Income and Dynamic High Income Funds. He is also manages traditional tactical asset allocation, managed volatility and real return strategies for both institutional and individual investors.

 

Prior to joining BlackRock in 2007, Mr. Christofel was with Oliver Wyman, a consulting firm specializing in financial services. His projects spanned from retail banking to structured finance.

 

Mr. Christofel earned a BA degree, with honors, in economics and mathematics from Yale University.

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

Alex Shingler, CFA, Managing Director, and portfolio manager, is a member of BlackRock's Multi-Asset Portfolio Strategies (MAPS) team, which is responsible for developing, assembling and managing global tactical asset allocation portfolios as well as outcome-oriented investment solutions.

 

Prior to his current role, Mr. Shingler served as a research analyst and portfolio manager within European and US Credit strategies. Before joining BlackRock in 2009 in London, Mr. Shingler was Head of European Research at R3 Capital Partners and its predecessor. From 1999 to 2007, Mr. Shingler was with Seneca Capital Advisors, focusing on special situation equity and debt investments. He began his career as an analyst with J.P. Morgan. Mr. Shingler earned an AB degree, summa cum laude, in philosophy from Princeton University.

Literature

Literature