Multi Asset

BGF Global Allocation 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. 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
30-Sep-2016
To
30-Sep-2017
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
Total Return (%)

as of Sep 30, 2021

- - 8.23 9.86 11.52
  1Y 3Y 5Y 10y Incept.
11.52 9.86 - - 10.04
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
6.28 -0.45 0.89 11.52 32.59 - - 36.07
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 Oct 26, 2021 USD 18,799.799
12m Trailing Yield as of Sep 30, 2021 0.47
Number of Holdings as of Sep 30, 2021 1229
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
SFDR Classification Other
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
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

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Oct 7, 2021 A
MSCI ESG Quality Score (0-10) as of Oct 7, 2021 6.57
MSCI ESG Quality Score - Peer Percentile as of Oct 7, 2021 84.08
MSCI ESG % Coverage as of Oct 7, 2021 91.01
Fund Lipper Global Classification as of Oct 7, 2021 Mixed Asset USD Bal - Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Oct 7, 2021 157.09
Funds in Peer Group as of Oct 7, 2021 201
All data is from MSCI ESG Fund Ratings as of Oct 7, 2021, based on holdings as of Apr 30, 2021. 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 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.

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 Sep 30, 2021 0.01%
MSCI - UN Global Compact Violators as of Sep 30, 2021 0.76%
MSCI - Nuclear Weapons as of Sep 30, 2021 0.01%
MSCI - Thermal Coal as of Sep 30, 2021 0.07%
MSCI - Civilian Firearms as of Sep 30, 2021 0.06%
MSCI - Oil Sands as of Sep 30, 2021 0.01%
MSCI - Tobacco as of Sep 30, 2021 0.01%

Business Involvement Coverage as of Sep 30, 2021 67.28%
Percentage of Fund not covered as of Sep 30, 2021 32.72%
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 0.26% and for Oil Sands 0.88%.

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 Global Allocation Investment Team believes that a company’s ability to manage material environmental, social and governance (“ESG”) issues may be essential to the company’s ability to sustain growth and generate value for shareholders over the long term, and thus ESG performance indicators are considered as part of our investment process. For long-term investors like Global Allocation, incorporating ESG information into its research and investment decisions has been, and remains, very important to our fundamental investment process and our goal of seeking to maximize risk-adjusted returns.


The team analyzes ESG data when conducting research and due diligence on new investments, and when monitoring existing investments within the portfolio. The team’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 Sep 30, 2021
Name Weight (%)
MICROSOFT CORP 2.28
ALPHABET INC CLASS C 1.80
APPLE INC 1.73
AMAZON COM INC 1.27
UNITEDHEALTH GROUP INC 0.98
Name Weight (%)
JOHNSON & JOHNSON 0.96
BANK OF AMERICA CORP 0.79
TAIWAN SEMICONDUCTOR MANUFACTURING 0.78
ENBRIDGE INC 0.78
CONOCOPHILLIPS 0.75
as of Sep 30, 2021
Name Weight (%)
UMBS 30YR TBA(REG A) 2.01
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 0.91
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.57
SPAIN (KINGDOM OF) 3.45 07/30/2066 0.52
ITALY (REPUBLIC OF) 0.95 08/01/2030 0.44
Name Weight (%)
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.38
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2024 0.31
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.27 11/19/2030 0.26
SPAIN (KINGDOM OF) 0.5 10/31/2031 0.21
GREECE REPUBLIC OF (GOVERNMENT) 2 04/22/2027 0.19
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 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 55.52 0.17 0.31 55.91 48.32 - LU1852330908 - -
A4 Hgd EUR Annual 43.95 -0.04 -0.09 44.38 36.45 - LU0240613025 - -
X2 EUR Accumulating 85.01 -0.12 -0.14 85.13 68.30 - LU0984173384 - -
A2 Hgd EUR Accumulating 47.30 -0.04 -0.08 47.76 39.23 - LU0212925753 - -
J2 USD Accumulating 99.42 -0.08 -0.08 100.00 80.31 - LU0304953069 - -
Class AI2 Hedged EUR - 13.16 -0.01 -0.08 13.29 10.91 - LU1960222286 - -
A2 Hgd SGD Accumulating 18.09 -0.02 -0.11 18.25 14.89 - LU0308772762 - -
D2 Hgd EUR Accumulating 52.52 -0.04 -0.08 52.97 43.24 - LU0329591480 - -
X2 USD Accumulating 98.76 -0.08 -0.08 99.34 79.79 - LU0328507826 - -
C2 Hgd EUR Accumulating 35.41 -0.03 -0.08 35.81 29.73 - LU0212926058 - -
A2 Hgd PLN Accumulating 21.96 -0.02 -0.09 22.16 18.11 - LU0480534592 - -
Class AI2 EUR - 13.36 -0.02 -0.15 13.38 10.92 - LU1960222104 - -
A2 HUF Accumulating 24,374.50 -153.36 -0.63 24,527.86 20,123.92 - LU0566074125 - -
D2 Hgd CHF Accumulating 16.51 -0.01 -0.06 16.66 13.62 - LU0827880260 - -
D2 Hgd AUD Accumulating 24.11 -0.02 -0.08 24.32 19.78 - LU0827880187 - -
I2 EUR Accumulating 74.53 -0.12 -0.16 74.65 60.33 - LU1653088838 - -
A2 Hgd GBP Accumulating 39.03 -0.03 -0.08 39.40 32.24 - LU0236177068 - -
E2 USD Accumulating 70.62 -0.06 -0.08 71.25 58.31 - LU0147396450 - -
C2 EUR Accumulating 50.14 -0.08 -0.16 50.22 41.48 - LU0331284793 - -
X2 Hgd EUR Accumulating 15.35 -0.01 -0.07 15.46 12.52 - LU0260352280 - -
E2 Hgd EUR Accumulating 44.70 -0.04 -0.09 45.17 37.26 - LU0212926132 - -
A4 USD Annual 75.70 -0.07 -0.09 76.33 62.20 - LU0724617625 - -
D2 Hgd GBP Accumulating 41.75 -0.03 -0.07 42.10 34.23 - LU0827880344 - -
I2 USD Accumulating 86.59 -0.08 -0.09 87.19 70.48 - LU0368249560 - -
D2 Hgd PLN Accumulating 23.52 -0.02 -0.08 23.71 19.25 - LU0827880427 - -
A2 Hgd CNH Accumulating 182.31 -0.14 -0.08 183.05 146.61 - LU1062906877 - -
A2 Hgd HKD Accumulating 18.56 -0.01 -0.05 18.72 15.27 - LU0788109477 - -
I2 Hgd SGD Accumulating 19.56 -0.01 -0.05 19.71 16.01 - LU0810842038 - -
I2 Hgd EUR Accumulating 52.08 -0.05 -0.10 52.52 42.79 - LU0368231949 - -
D4 Hgd EUR Annual 44.28 -0.04 -0.09 44.67 36.62 - LU0827880773 - -
E2 EUR Accumulating 60.78 -0.10 -0.16 60.88 49.92 - LU0171283533 - -
D2 Hgd SGD Accumulating 19.47 -0.02 -0.10 19.62 15.90 - LU0827880690 - -
D4 EUR Annual 65.68 -0.10 -0.15 65.78 53.53 - LU0827880005 - -
A2 USD Accumulating 77.86 -0.07 -0.09 78.51 63.98 - LU0072462426 - -
D2 EUR Accumulating 74.41 -0.11 -0.15 74.52 60.36 - LU0523293024 - -
C2 USD Accumulating 58.25 -0.06 -0.10 58.84 48.46 - LU0147395726 - -
E2 Hgd PLN Accumulating 20.79 -0.02 -0.10 21.00 17.23 - LU0530192003 - -
A2 Hgd AUD Accumulating 22.53 -0.02 -0.09 22.75 18.61 - LU0468326631 - -
X2 Hgd AUD Accumulating 27.28 -0.02 -0.07 27.48 22.16 - LU0525289509 - -
A4 EUR Annual 65.16 -0.10 -0.15 65.26 53.25 - LU0408221512 - -
A2 Hgd CHF Accumulating 15.41 -0.01 -0.06 15.56 12.81 - LU0343169966 - -
D2 USD Accumulating 86.45 -0.08 -0.09 87.08 70.51 - LU0329592538 - -
X4 USD Annual 16.89 -0.02 -0.12 17.14 13.84 - LU0953392981 - -
X2 Hgd JPY Accumulating 1,534.00 -1.00 -0.07 1,543.00 1,245.00 - LU1445720094 - -
A2 EUR Accumulating 67.02 -0.10 -0.15 67.12 54.77 - LU0171283459 - -

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