Multi Asset

BGF ESG Flex Choice Cautious 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 value of equities and equity-related securities can be affected by daily stock market movements, political factors, economic news, company earnings and significant corporate events. Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. The Fund may seek to exclude Funds which are not subject to ESG-related requirements. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

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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Reinvestments

This fund does not have any distributions data as of now.

  2019 2020 2021 2022 2023
Total Return (%) 6.11

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

  1Y 3Y 5Y 10y Incept.
5.35 - - - 0.26
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-0.40 -0.50 3.19 3.51 5.35 - - - 0.40
  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
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of Dec 31, 2023

- - - - 6.11
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 CAD, 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 Mar 27, 2024 USD 18,824,480
Share Class Inception Date Aug 10, 2022
Fund Inception Date Dec 15, 2021
Share Class Currency CAD
Base Currency USD
Asset Class Multi Asset
SFDR Classification Article 8
Initial Charge 5.00%
Ongoing Charge 0.95%
ISIN LU2501013929
Annual Management Fee 0.84%
Performance Fee 0.00%
Minimum Initial Investment CAD 5000
Minimum Subsequent Investment CAD 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
SEDOL BP2VK05

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Feb 29, 2024 22
Standard Deviation (3y) as of - -
P/E Ratio as of Feb 29, 2024 0.00
P/B Ratio as of Feb 29, 2024 0.00
Yield to Maturity as of Feb 29, 2024 3.98%
Modified Duration as of Feb 29, 2024 4.95 yrs
Effective Duration as of Feb 29, 2024 4.84 yrs
Weighted Avg Maturity as of Feb 29, 2024 6.89 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 Mar 21, 2024 A
MSCI ESG % Coverage as of Mar 21, 2024 98.42
MSCI ESG Quality Score (0-10) as of Mar 21, 2024 6.35
MSCI ESG Quality Score - Peer Percentile as of Mar 21, 2024 56.41
Fund Lipper Global Classification as of Mar 21, 2024 Mixed Asset USD Conservative
Funds in Peer Group as of Mar 21, 2024 156
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Mar 21, 2024 95.73
MSCI Weighted Average Carbon Intensity % Coverage as of Mar 21, 2024 54.29
All data is from MSCI ESG Fund Ratings as of Mar 21, 2024, based on holdings as of Nov 30, 2023. 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.

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, monitoring and reporting phases of the investment process. This may include both BlackRock and third-party research and feeds into the initial investment decision. When making buy, hold and sell decisions, the team may take into consideration potential competitive advantages of allocating to vehicles that provide access to companies with stronger ESG characteristics, within a given industry. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock's Risk and Quantitative Analysis group as well as portfolio reviews with Chief Investment Officers. These reviews include discussion, where appropriate, 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

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

Holdings

Holdings

as of Feb 29, 2024
Name Weight (%)
ISHARES $ CORP BOND ESG UCIT USD D 17.76
ISHARES USD TREASURY BOND 3- USD_D 12.88
ISHRS TREAS 7-10YR USD DIST ETF 9.20
ISHARES $ TREASURY BOND 1-3YR UCIT 8.77
ISH $ TSY BND 20+YR UCITS USD DIST 8.07
Name Weight (%)
ISHARES MSCI USA SRI UCITS E USD D 7.67
ISHARES JPM ESG $ EM BOND USD D 6.71
ISHS $ ASIA IG CORP BOND ETF USD A 5.18
ISHS MSCI PAC EX-JPN ESG ENH USD A 3.90
ISHARES MSCI USA ESG SCREENE CDIS 2.88
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
as of Feb 29, 2024

% of Market Value

Type Fund
as of Feb 29, 2024

% of Market Value

Type Fund
as of Feb 29, 2024

% of Market Value

Type Fund
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
A2 Hgd CAD 10.15 0.02 0.20 Mar 27, 2024 10.17 9.18 LU2501013929
X2 USD 9.58 0.02 0.21 Mar 27, 2024 9.59 8.61 LU2368541244
A6 Hgd CAD 9.81 0.02 0.20 Mar 27, 2024 9.84 8.98 LU2501013689
A6 Hgd HKD 90.43 0.19 0.21 Mar 27, 2024 90.73 82.81 LU2368537309
I2 USD 9.49 0.02 0.21 Mar 27, 2024 9.51 8.55 LU2368538539
A6 USD 9.26 0.02 0.22 Mar 27, 2024 9.28 8.45 LU2368537051
D2 USD 9.47 0.02 0.21 Mar 27, 2024 9.49 8.53 LU2368538372
Class A10 Hedged AUD 8.66 0.01 0.12 Mar 27, 2024 8.85 8.01 LU2368538299
A6 Hgd GBP 9.72 0.02 0.21 Mar 27, 2024 9.75 8.89 LU2501014067
A2 Hgd CNH 95.35 0.19 0.20 Mar 27, 2024 95.75 86.84 LU2368537564
A2 USD 9.37 0.02 0.21 Mar 27, 2024 9.40 8.46 LU2368536913
A6 Hgd CNH 92.70 0.18 0.19 Mar 27, 2024 93.90 85.39 LU2368537648
Class A10 Hedged CNH 86.44 0.17 0.20 Mar 27, 2024 89.17 80.16 LU2368537721
Class A10 Hedged HKD 85.83 0.18 0.21 Mar 27, 2024 86.69 78.99 LU2368537481
A2 Hgd AUD 9.61 0.02 0.21 Mar 27, 2024 9.64 8.71 LU2368537994
A6 Hgd AUD 9.34 0.02 0.21 Mar 27, 2024 9.37 8.56 LU2368538026
Class A10 USD 8.76 0.02 0.23 Mar 27, 2024 8.81 8.05 LU2368537135
A2 Hgd HKD 92.87 0.19 0.21 Mar 27, 2024 93.13 84.11 LU2368537218
Class A10 Hedged CAD 9.59 0.02 0.21 Mar 27, 2024 9.64 8.82 LU2501014901
Class A10 Hedged GBP 9.54 0.02 0.21 Mar 27, 2024 9.60 8.77 LU2501013333
A2 Hgd GBP 10.06 0.02 0.20 Mar 27, 2024 10.08 9.10 LU2501015205

Portfolio Managers

Portfolio Managers

Christopher Downing
Christopher Downing
Rafael Iborra
Rafael Iborra
Kaly Fong
Kaly Fong
Steve Walker
Steve Walker

Literature

Literature