Multi Asset

Global Target Return Growth 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. Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Asset backed securities and mortgage backed securities are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.
Loading

Performance

Performance

Growth of Hypothetical 10,000

View full chart

  2019 2020 2021 2022 2023
Total Return (%) -14.43 8.42
Comparator Benchmark 1 (%) 1.53 5.10

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1Y 3Y 5Y 10y Incept.
9.42 0.37 - - 0.61
Comparator Benchmark 1 (%) 5.45 3.10 - - 3.06
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
5.71 2.01 1.56 5.71 9.42 1.11 - - 1.86
Comparator Benchmark 1 (%) 2.67 0.41 1.34 2.67 5.45 9.58 - - 9.59
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of Jun 30, 2024

- - -9.74 2.38 9.42
Comparator Benchmark 1 (%)

as of Jun 30, 2024

- - 0.18 3.73 5.45
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.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in USD, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund
as of Jul 17, 2024
USD 5,246,150
Fund Inception Date
Jun 17, 2021
Base Currency
USD
Comparator Benchmark 1
ICE BofA US T-Bill 0-3 Month (G0B1)
Initial Charge
0.00%
ISIN
IE00BMDQ5C52
Performance Fee
0.00%
Minimum Subsequent Investment
USD 10000
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
SEDOL
BMDQ5C5
Share Class Inception Date
Jun 17, 2021
Share Class Currency
USD
Asset Class
Multi Asset
SFDR Classification
Other
Ongoing Charge
0.52%
Annual Management Fee
0.00%
Minimum Initial Investment
USD 10000000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jun 28, 2024
24
3y Beta
as of Jun 30, 2024
3.252
P/B Ratio
as of Jun 28, 2024
0.00
Modified Duration
as of Jun 28, 2024
2.95 yrs
Weighted Avg Maturity
as of Jun 28, 2024
3.85 yrs
Standard Deviation (3y)
as of Jun 30, 2024
9.06%
P/E Ratio
as of Jun 28, 2024
0.00
Yield to Maturity
as of Jun 28, 2024
2.73%
Effective Duration
as of Jun 28, 2024
2.92 yrs

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 Jun 21, 2024
A
MSCI ESG Quality Score (0-10)
as of Jun 21, 2024
6.80
Fund Lipper Global Classification
as of Jun 21, 2024
Mixed Asset USD Flex - Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Jun 21, 2024
100.93
MSCI ESG % Coverage
as of Jun 21, 2024
98.93
MSCI ESG Quality Score - Peer Percentile
as of Jun 21, 2024
77.67
Funds in Peer Group
as of Jun 21, 2024
300
MSCI Weighted Average Carbon Intensity % Coverage
as of Jun 21, 2024
62.79
All data is from MSCI ESG Fund Ratings as of Jun 21, 2024, based on holdings as of Feb 29, 2024. 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% (or 50% for bond funds and money market funds) 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.

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 Jun 28, 2024
0.11%
MSCI - Nuclear Weapons
as of Jun 28, 2024
0.10%
MSCI - Civilian Firearms
as of Jun 28, 2024
0.02%
MSCI - Tobacco
as of Jun 28, 2024
0.10%
MSCI - UN Global Compact Violators
as of Jun 28, 2024
0.16%
MSCI - Thermal Coal
as of Jun 28, 2024
0.07%
MSCI - Oil Sands
as of Jun 28, 2024
0.08%

Business Involvement Coverage
as of Jun 28, 2024
48.69%
Percentage of Fund not covered
as of Jun 28, 2024
51.31%
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 0.35% and for Oil Sands 0.62%.

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 financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in the research and underlying strategy due diligence phases of the investment process. This may include third party and internal considerations, as defined by the portfolio management team. Internal considerations may include exposures to climate and disaster events, as well as sovereign social and governance concerns. Where appropriate, the portfolio management team also analyzes ESG exposures and investment characteristics within underlying strategies. These criteria are part of a number of considerations that factor into investment decisions. The Fund manager may include ESG criteria in the ongoing monitoring of the overall portfolio, including underlying strategies as well as tactical positioning. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. Where appropriate, these reviews include discussion of the portfolio’s exposure to material ESG risks.

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective May 31, 2024)

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
USD CASH(Alpha Committed) 2.58
MICROSOFT CORP 1.79
APPLE INC 1.64
NVIDIA CORP 1.62
TREASURY BILL 07/25/2024 1.51
Name Weight (%)
Implied Cash (Lookthrough) 1.36
TREASURY FLOATING RATE NOTE 5.342203313 07/31/2024 1.34
TREASURY BILL 08/08/2024 1.05
AMAZON COM INC 1.03
TREASURY BILL 07/05/2024 0.90
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.
Sorry, countries/regions are not available at this time.
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
Sorry, ratings are not available at this time.
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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
I USD 103.11 -0.29 -0.28 Jul 17, 2024 103.40 87.91 IE00BMDQ5C52
A USD 100.85 -0.29 -0.28 Jul 17, 2024 101.14 86.42 IE00BMDQ5819
X USD 104.93 -0.30 -0.28 Jul 17, 2024 105.23 89.07 IE00BMDQ5926
D USD 102.60 -0.29 -0.28 Jul 17, 2024 102.89 87.55 IE00BMDQ5B46

Portfolio Managers

Portfolio Managers

Daniel Caderas
Daniel Caderas

Literature

Literature