Multi Asset

BGF Global Allocation Fund

Overview

Important Information: Capital at Risk. 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 invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of Dec 31, 2020

- - - 14.00 16.71
Benchmark (%)

as of Dec 31, 2020

- - - 14.21 9.84
  1Y 3Y 5Y 10y Incept.
15.11 - - - 10.12
Benchmark (%)

as of Jan 31, 2021

7.91 - - - 8.11
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-0.10 -0.10 7.91 15.11 - - - 27.90
Benchmark (%)

as of Jan 31, 2021

-1.28 -1.28 4.06 7.91 - - - 22.03
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 Feb 24, 2021 USD 16,526.528
12m Trailing Yield as of Jan 31, 2021 0.42
Number of Holdings as of Jan 29, 2021 1014
Base Currency U.S. Dollar
Fund Inception Date Jan 3, 1997
Share Class Inception Date Jul 11, 2018
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
Benchmark Index 60% SN500FTWX / 40% MLCGGXU05 Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.02%
ISIN LU1852330908
Bloomberg Ticker BGAAD4G
Annual Management Fee 0.75%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BD38XB3
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 1000
Use of Income Distributing

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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 - -
MSCI - UN Global Compact Violators as of - -
MSCI - Nuclear Weapons as of - -
MSCI - Thermal Coal as of - -
MSCI - Civilian Firearms as of - -
MSCI - Oil Sands as of - -
MSCI - Tobacco as of - -

Business Involvement Coverage as of - -
Percentage of Fund not covered as of - -
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 -% and for Oil Sands -%.

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, social or governance topics, or 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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jan 29, 2021
Name Weight (%)
APPLE INC 2.38
MICROSOFT CORP 2.09
ALPHABET INC CLASS C 1.55
AMAZON COM INC 1.50
TAIWAN SEMICONDUCTOR MANUFACTURING 1.04
Name Weight (%)
SIEMENS N AG 1.00
JOHNSON & JOHNSON 0.94
NEXTERA ENERGY INC 0.93
JPMORGAN CHASE & CO 0.90
BANK OF AMERICA CORP 0.85
as of Jan 29, 2021
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 1.78
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1.29
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 1.27
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.77
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.75
Name Weight (%)
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.65
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.64
ISHARES $ CORPORATE BOND UCITS ETF 0.62
ITALY (REPUBLIC OF) 0.95 08/01/2030 0.60
ITALY (REPUBLIC OF) 3.85 09/01/2049 0.55
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 29, 2021

% 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.


% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
D4 GBP Annual 51.67 -0.08 -0.15 53.62 40.98 - LU1852330908 - -
E2 USD Accumulating 67.77 0.14 0.21 68.96 44.68 - LU0147396450 - -
C2 EUR Accumulating 46.31 0.13 0.28 47.27 34.53 - LU0331284793 - -
E2 Hgd PLN Accumulating 20.03 0.04 0.20 20.38 13.29 - LU0530192003 - -
D2 Hgd SGD Accumulating 18.55 0.04 0.22 18.87 12.15 - LU0827880690 - -
C2 USD Accumulating 56.18 0.11 0.20 57.18 37.29 - LU0147395726 - -
I2 EUR Accumulating 67.82 0.19 0.28 69.20 49.55 - LU1653088838 - -
C2 Hgd EUR Accumulating 34.37 0.07 0.20 34.97 23.12 - LU0212926058 - -
X2 EUR Accumulating 76.96 0.22 0.29 78.52 55.85 - LU0984173384 - -
A2 Hgd CHF Accumulating 14.86 0.04 0.27 15.12 9.88 - LU0343169966 - -
A2 Hgd PLN Accumulating 21.08 0.04 0.19 21.45 13.93 - LU0480534592 - -
X4 USD Annual 16.19 0.03 0.19 16.47 10.60 - LU0953392981 - -
D2 EUR Accumulating 67.81 0.20 0.30 69.19 49.64 - LU0523293024 - -
D2 Hgd AUD Accumulating 23.03 0.04 0.17 23.42 15.16 - LU0827880187 - -
D2 Hgd CHF Accumulating 15.84 0.04 0.25 16.11 10.46 - LU0827880260 - -
E2 EUR Accumulating 55.85 0.15 0.27 57.01 41.36 - LU0171283533 - -
A2 HUF Accumulating 22,092.03 144.10 0.66 22,498.05 15,897.45 - LU0566074125 - -
D4 EUR Annual 60.13 0.17 0.28 61.36 44.22 - LU0827880005 - -
A2 Hgd AUD Accumulating 21.63 0.05 0.23 21.99 14.33 - LU0468326631 - -
A4 EUR Annual 59.68 0.17 0.29 60.90 43.99 - LU0408221512 - -
X2 Hgd AUD Accumulating 25.89 0.05 0.19 26.32 16.89 - LU0525289509 - -
D2 Hgd PLN Accumulating 22.46 0.04 0.18 22.85 14.73 - LU0827880427 - -
E2 Hgd EUR Accumulating 43.17 0.09 0.21 43.92 28.84 - LU0212926132 - -
I2 USD Accumulating 82.29 0.17 0.21 83.70 53.52 - LU0368249560 - -
A2 Hgd CNH Accumulating 171.54 0.36 0.21 174.47 110.83 - LU1062906877 - -
I2 Hgd SGD Accumulating 18.66 0.03 0.16 18.99 12.21 - LU0810842038 - -
D4 Hgd EUR Annual 42.61 0.09 0.21 43.34 28.27 - LU0827880773 - -
D2 Hgd GBP Accumulating 39.84 0.08 0.20 40.51 26.19 - LU0827880344 - -
A4 Hgd EUR Annual 42.30 0.09 0.21 43.04 28.13 - LU0240613025 - -
A4 USD Annual 72.40 0.15 0.21 73.67 47.51 - LU0724617625 - -
X2 Hgd EUR Accumulating 14.61 0.03 0.21 14.85 9.56 - LU0260352280 - -
X2 Hgd JPY Accumulating 1,453.00 3.00 0.21 1,478.00 946.00 - LU1445720094 - -
A2 USD Accumulating 74.47 0.15 0.20 75.77 48.87 - LU0072462426 - -
A2 Hgd EUR Accumulating 45.53 0.10 0.22 46.32 30.28 - LU0212925753 - -
A2 Hgd HKD Accumulating 17.77 0.04 0.23 18.08 11.65 - LU0788109477 - -
J2 USD Accumulating 94.00 0.20 0.21 95.60 60.72 - LU0304953069 - -
I2 Hgd EUR Accumulating 49.81 0.11 0.22 50.66 32.83 - LU0368231949 - -
A2 EUR Accumulating 61.38 0.18 0.29 62.64 45.24 - LU0171283459 - -
Class AI2 EUR - 12.21 -0.13 -1.05 12.49 9.02 - LU1960222104 - -
A2 Hgd GBP Accumulating 37.43 0.08 0.21 38.07 24.78 - LU0236177068 - -
D2 USD Accumulating 82.27 0.17 0.21 83.69 53.61 - LU0329592538 - -
Class AI2 Hedged EUR - 12.64 -0.14 -1.10 12.89 8.42 - LU1960222286 - -
X2 USD Accumulating 93.38 0.20 0.21 94.97 60.32 - LU0328507826 - -
A2 Hgd SGD Accumulating 17.32 0.04 0.23 17.62 11.43 - LU0308772762 - -
D2 Hgd EUR Accumulating 50.30 0.11 0.22 51.16 33.22 - LU0329591480 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Chief Investment Officer, Global Fixed Income

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Allocation Investment Team in the Multi-Asset Strategies Group, a member of BlackRock's Global Operating Committee and Chairman of the firm-wide BlackRock Investment Council.

David Clayton, CFA, JD
Portfolio Manager, Global Allocation

David Clayton

Russ Koesterich
Managing Director, Portfolio Manager and member of the Global Allocation team

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team within BlackRock's Multi-Asset Strategies Group.

 

 

Literature

Literature