Multi Asset

BGF ESG Global Conservative 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. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Equities and equity-related securities can be affected by daily stock market movements. Fixed Income securities can be affected by changes to interest rates, credit risk and potential or actual credit rating downgrades. Noninvestment grade FI securities can be more sensitive to these events. ABS and MBS may have high levels of borrowing and not fully reflect the value of underlying assets. FDIs are highly sensitive to changes in the value of the asset they are based on. The impact is greater where FDIs are used in an extensive or complex way.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

This fund does not have any distributions data as of now.
  From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of Jun 30, 2022

- - 1.85 9.85 -9.75
  1Y 3Y 5Y 10y Incept.
-6.75 1.33 - - 1.95
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-7.47 3.95 -0.92 -6.75 4.05 - - 7.80
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 Class (Millions) as of Aug 12, 2022 EUR 21.44
Size of Fund (Millions) as of Aug 12, 2022 EUR 664.777
Asset Class MultiAsset
Lipper Classification -
12m Trailing Yield -
Number of Holdings as of Jul 29, 2022 1524
CUSIP BRTKA0Y89
Fund Inception Date Sep 12, 2018
Share Class Inception Date Sep 12, 2018
Morningstar Category EUR Cautious Allocation - Global
SFDR Classification Article 8
Regulatory Structure UCITS
Net, Including Investment Related Expenses -
Net, Excluding Investment Related Expenses -
Management Company BlackRock (Luxembourg) S.A.
Gross Expense Ratio -
Ongoing Charge 0.06%
Distribution Frequency -
ISIN LU1858900407
Bloomberg Ticker BGFCIX2
Annual Management Fee 0.00%
Max Offer Price -
Initial Charge -
Open to New Investors Yes
Performance Fee 0.00%
Turnover Percent -
SEDOL BFYR5V7
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

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 Jul 21, 2022 AA
MSCI ESG % Coverage as of Jul 21, 2022 71.79
MSCI ESG Quality Score (0-10) as of Jul 21, 2022 8.23
MSCI ESG Quality Score - Peer Percentile as of Jul 21, 2022 80.29
Fund Lipper Global Classification as of Jul 21, 2022 Mixed Asset EUR Cons - Global
Funds in Peer Group as of Jul 21, 2022 558
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jul 21, 2022 87.87
MSCI Weighted Average Carbon Intensity % Coverage as of Jul 21, 2022 67.77
All data is from MSCI ESG Fund Ratings as of Jul 21, 2022, based on holdings as of Mar 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 Jul 29, 2022 0.00%
MSCI - UN Global Compact Violators as of Jul 29, 2022 0.00%
MSCI - Nuclear Weapons as of Jul 29, 2022 0.00%
MSCI - Thermal Coal as of Jul 29, 2022 0.00%
MSCI - Civilian Firearms as of Jul 29, 2022 0.00%
MSCI - Oil Sands as of Jul 29, 2022 0.00%
MSCI - Tobacco as of Jul 29, 2022 0.00%

Business Involvement Coverage as of Jul 29, 2022 69.72%
Percentage of Fund not covered as of Jul 29, 2022 30.28%
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 0.00% and for Oil Sands 0.00%.

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 ESG Global Conservative Income Fund, Class X2, as of Jul 31, 2022 rated against 2114 EUR Cautious 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 Jul 29, 2022
Name Weight (%)
GNMA2 30YR 12.40
ISHRS GREEN BD (IE) FLX EUR DIS 2.04
GNMA2 30YR 2012 PRODUCTION 1.62
GNMA2 30YR PLATINUM 0.71
GREENCOAT UK WIND PLC 0.47
Name Weight (%)
GREENCOAT RENEWABLES PLC 0.40
CELLNEX TELECOM SA RegS 0.75 11/20/2031 0.39
EDP RENOVAVEIS SA 0.36
BROOKFIELD RENEWABLE SUBORDINATE V 0.35
JPMORGAN CHASE & CO 3.22 03/01/2025 0.34
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jul 29, 2022

% of Market Value

Type Fund
Allocations subject to change.
as of Jul 29, 2022

% of Market Value

Type Fund
as of Jul 29, 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 52wk High 52wk Low Bid Price ISIN Offer Price TIS
X2 EUR - 10.85 0.01 0.09 11.69 10.37 - LU1858900407 - -
Class AI2 EUR - 10.24 0.00 0.00 11.12 9.80 - LU1960222799 - -
D4 EUR Annual 9.46 0.01 0.11 10.56 9.04 - LU1845137220 - -
Class E9 EUR EUR - 8.90 0.01 0.11 10.05 8.52 - LU1883300706 - -
Class I9 EUR EUR - 9.30 0.01 0.11 10.38 8.89 - LU1883300961 - -
Class D9 EUR EUR - 9.22 0.00 0.00 10.32 8.82 - LU1883300888 - -
Class E6 EUR Monthly 9.24 0.01 0.11 10.38 8.87 - LU1960224902 - -
E5 EUR Quarterly 8.81 0.00 0.00 9.95 8.44 - LU1845137576 - -
Class A9 EUR EUR - 9.06 0.00 0.00 10.19 8.67 - LU1883300615 - -
A4 EUR Annual 9.27 0.01 0.11 10.39 8.87 - LU1845137063 - -
I2 EUR - 10.66 0.01 0.09 11.51 10.19 - LU1857917774 - -
Class AI5G EUR Quarterly 9.13 0.00 0.00 10.27 8.74 - LU1960222872 - -
D2 EUR - 10.55 0.01 0.09 11.41 10.09 - LU1845137147 - -
A2 EUR - 10.33 0.01 0.10 11.21 9.88 - LU1845136925 - -
E2 EUR - 10.15 0.01 0.10 11.06 9.71 - LU1845137493 - -

Listings

Portfolio Managers

Portfolio Managers

Michael Fredericks
Head of Income Investing for BlackRock Multi-Asset Strategies Team
Justin Christofel, CFA
Portfolio Manager, Multi-Asset Portfolio Strategies
Alex Shingler, CFA
Portfolio Manager, Multi-Asset Portfolio Strategies
Louis Arranz
Louis Arranz

Literature

Literature