Multi Asset

BGF Global Multi-Asset 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.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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  2018 2019 2020 2021 2022
Total Return (%) 3.39 4.88 -15.56
  1Y 3Y 5Y 10y Incept.
-15.56 -2.90 - - -1.55
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-15.56 -0.94 3.62 -0.74 -15.56 -8.44 - - -5.60
  From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of Dec 31, 2022

- - 3.39 4.88 -15.56
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 Jan 26, 2023 USD 5,402,679,400
Share Class Inception Date Apr 24, 2019
Fund Inception Date Jun 28, 2012
Share Class Currency EUR
Base Currency USD
Asset Class Multi Asset
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 1.76%
Annual Management Fee -
Performance Fee -
Minimum Initial Investment EUR 25000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category EUR Moderate Allocation - Global
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGMAAI2
ISIN LU1960223508
SEDOL BHL2V66

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Dec 30, 2022 3487
Standard Deviation (3y) as of Dec 31, 2022 10.59%
P/E Ratio as of Dec 30, 2022 10.66
P/B Ratio as of Dec 30, 2022 1.36
Yield to Maturity as of Dec 30, 2022 9.26%
Modified Duration as of Dec 30, 2022 3.12 yrs
Effective Duration as of Dec 30, 2022 2.32 yrs
Weighted Avg Maturity as of Dec 30, 2022 5.15 yrs

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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Dec 30, 2022
Name Weight (%)
ISHARES CORE S&P 500 UCITS ETF (DI 2.41
ISHARES $ HIGH YIELD CRP BND ETF $ 1.84
ISH US MBS ETF USD DIST 1.50
ISHARES $ CORPORATE BOND UCITS ETF 1.24
TREASURY NOTE 4.25 09/30/2024 0.96
Name Weight (%)
BGF USD HIGH YIELD BD X6 USD 0.71
TAIWAN SEMICONDUCTOR MANUFACTURING 0.36
CITIGROUP INC 5 12/31/2049 0.33
ASTRAZENECA PLC 0.29
SANOFI SA 0.28
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, countries/regions are not available at this time.
as of Dec 30, 2022

% of Market Value

Type Fund
as of Dec 30, 2022

% of Market Value

Type Fund
Allocations subject to change.
Sorry, maturities are not available at this time.
as of Dec 30, 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
Class AI2 Hedged EUR - 9.83 0.03 0.31 Jan 26, 2023 10.92 8.99 LU1960223508 -
I2 Hgd EUR Accumulating 10.36 0.03 0.29 Jan 26, 2023 11.38 9.45 LU1523256144 -
C2 USD Accumulating 11.48 0.04 0.35 Jan 26, 2023 12.52 10.43 LU1005242950 -
A8 Hgd CNH Monthly Stable with IRD 83.39 0.29 0.35 Jan 26, 2023 96.47 77.43 LU1257007564 -
I2 USD Accumulating 12.86 0.04 0.31 Jan 26, 2023 13.72 11.61 LU1523255922 -
Class A3G EUR Monthly 8.12 0.04 0.50 Jan 26, 2023 8.95 7.92 LU1238068834 -
A4G USD Annual 8.72 0.03 0.35 Jan 26, 2023 9.90 7.89 LU1301847155 -
A5G USD Quarterly 8.78 0.03 0.34 Jan 26, 2023 9.98 8.06 LU0784383803 -
D2 Hgd EUR Accumulating 11.29 0.04 0.36 Jan 26, 2023 12.43 10.30 LU1062843344 -
D2 Hgd CHF Accumulating 11.27 0.04 0.36 Jan 26, 2023 12.44 10.31 LU1373034187 -
Class E9 Hedged EUR - 7.09 0.03 0.42 Jan 26, 2023 8.35 6.58 LU1294567109 -
A2 Hgd CHF Accumulating 10.63 0.03 0.28 Jan 26, 2023 11.84 9.75 LU0784383472 -
A8 Hgd AUD Monthly Stable with IRD 7.97 0.03 0.38 Jan 26, 2023 9.14 7.34 LU0871640123 -
A4G Hgd CHF Annual 7.57 0.02 0.26 Jan 26, 2023 8.89 6.95 LU1373034260 -
X2 USD Accumulating 17.44 0.06 0.35 Jan 26, 2023 18.49 15.71 LU0784385766 -
Class AI5G Hedged EUR Quarterly 8.17 0.03 0.37 Jan 26, 2023 9.56 7.57 LU1960223680 -
A6 Hgd EUR Monthly Stable 6.65 0.03 0.45 Jan 26, 2023 7.79 6.17 LU1133085917 -
A6 Hgd HKD Monthly Stable 78.27 0.29 0.37 Jan 26, 2023 89.68 72.02 LU0784385170 -
A2 USD Accumulating 14.53 0.06 0.41 Jan 26, 2023 15.66 13.15 LU0784385840 -
A2 Hgd EUR Accumulating 10.48 0.03 0.29 Jan 26, 2023 11.64 9.59 LU0784383399 -
E5G Hgd EUR Quarterly 6.60 0.03 0.46 Jan 26, 2023 7.76 6.12 LU0784385501 -
E2 EUR Accumulating 15.14 0.06 0.40 Jan 26, 2023 16.36 14.78 LU0813497111 -
A5G Hgd SGD Quarterly 7.53 0.03 0.40 Jan 26, 2023 8.62 6.92 LU0784384363 -
A4G Hgd EUR Annual 6.88 0.02 0.29 Jan 26, 2023 8.06 6.29 LU0784383712 -
Class I5G Hedged EUR Quarterly 7.50 0.03 0.40 Jan 26, 2023 8.69 6.93 LU1129992480 -
D4G Hgd EUR Annual 7.72 0.02 0.26 Jan 26, 2023 8.97 7.05 LU0944772804 -
A8 Hgd GBP Monthly Stable with IRD 7.49 0.03 0.40 Jan 26, 2023 8.61 6.90 LU1003077663 -
D2 USD Accumulating 15.34 0.06 0.39 Jan 26, 2023 16.39 13.85 LU0784385337 -
A2 EUR Accumulating 13.35 0.06 0.45 Jan 26, 2023 14.39 13.02 LU1162516477 -
A8 Hgd CAD Monthly Stable with IRD 7.53 0.03 0.40 Jan 26, 2023 8.60 6.92 LU1003077580 -
A6 Hgd SGD Monthly Stable 7.55 0.03 0.40 Jan 26, 2023 8.65 6.95 LU0949170426 -
A8 Hgd NZD Monthly Stable with IRD 7.67 0.03 0.39 Jan 26, 2023 8.78 7.06 LU0949170343 -
Class D6 Hedged SGD Monthly 9.77 0.04 0.41 Jan 26, 2023 10.18 8.96 LU2472302624 -
Class X8 Hedged AUD Monthly Stable with IRD 8.93 0.03 0.34 Jan 26, 2023 10.08 8.19 LU1270847269 -
D6 USD Monthly Stable 8.92 0.03 0.34 Jan 26, 2023 10.05 8.18 LU1003077408 -
Class D6 Hedged GBP Monthly 8.24 0.03 0.37 Jan 26, 2023 9.42 7.59 LU1791173633 -
Class X5G GBP Hedged GBP Quarterly 8.94 0.03 0.34 Jan 26, 2023 10.15 8.20 LU1877504073 -
A6 USD Monthly Stable 8.20 0.03 0.37 Jan 26, 2023 9.32 7.53 LU0784384876 -
D4G Hgd CHF Annual 8.04 0.03 0.37 Jan 26, 2023 9.35 7.36 LU1373034344 -
E2 Hgd EUR Accumulating 10.04 0.03 0.30 Jan 26, 2023 11.21 9.20 LU1062843690 -
A5G Hgd AUD Quarterly 8.18 0.03 0.37 Jan 26, 2023 9.45 7.54 LU0949170269 -
C6 USD Monthly Stable 8.22 0.03 0.37 Jan 26, 2023 9.33 7.55 LU1023056556 -

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

Literature

Literature