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Multi Asset

BGF Global Allocation Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. 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

  • Returns

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.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Number of Issuers 674
Size of Fund (Millions) as of Mar 27, 2020 USD 11,783.267
Base Currency U.S. Dollar
Fund Inception Date Jan 3, 1997
Share Class Currency Euro
Share Class Inception Date Jul 31, 2002
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
Benchmark Index 36% SNP500EUR / 24% FTWXUS_EUR / ML5YREURU Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0171283459
Bloomberg Ticker MERGAAA
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B03TN71
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global Allocation Fund, Class A2, as of Feb 29, 2020 rated against 737 USD Moderate Allocation Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Apr 22, 2019)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Feb 28, 2020
Name Weight (%)
MICROSOFT CORP 1.81
AMAZON COM INC 1.51
ALPHABET INC CLASS C 1.49
APPLE INC 1.47
COMCAST CORP CLASS A 1.02
Name Weight (%)
MASTERCARD INC CLASS A 0.77
BANK OF AMERICA CORP 0.77
TAIWAN SEMICONDUCTOR MANUFACTURING 0.77
VODAFONE GROUP PLC 0.76
SPDR S&P ETF TRUST 0.75
as of Feb 28, 2020
Name Weight (%)
TREASURY (CPI) NOTE 0.5 04/15/2024 4.28
UMBS 30YR TBA(REG A) 4.27
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 3.20
TREASURY NOTE 1.75 11/15/2029 2.66
CANADA (GOVERNMENT OF) 1.5 09/01/2024 1.31
Name Weight (%)
TREASURY BOND 2.375 11/15/2049 1.12
GNMA2 30YR TBA(REG C) 0.88
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.79
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.75
ITALY (REPUBLIC OF) 3.85 09/01/2049 0.49
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2020

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 28, 2020

% of Net Assets

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Net Assets

Type Fund Benchmark Net

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
A2 EUR Accumulating 48.13 -0.19 -0.39 57.92 45.24 - LU0171283459 - -
X2 EUR Accumulating 59.42 -0.22 -0.37 71.38 55.85 - LU0984173384 - -
A2 Hgd CHF Accumulating 10.70 -0.03 -0.28 12.69 9.88 - LU0343169966 - -
D2 Hgd CHF Accumulating 11.33 -0.03 -0.26 13.42 10.46 - LU0827880260 - -
X2 Hgd AUD Accumulating 18.32 -0.04 -0.22 21.82 16.89 - LU0525289509 - -
A2 Hgd AUD Accumulating 15.54 -0.04 -0.26 18.55 14.33 - LU0468326631 - -
A4 USD Annual 51.51 -0.12 -0.23 60.78 47.51 - LU0724617625 - -
C2 USD Accumulating 40.43 -0.10 -0.25 47.76 37.29 - LU0147395726 - -
D2 Hgd AUD Accumulating 16.44 -0.04 -0.24 19.60 15.16 - LU0827880187 - -
X4 USD Annual 11.49 -0.03 -0.26 13.53 10.60 - LU0953392981 - -
C2 Hgd EUR Accumulating 25.03 -0.06 -0.24 29.75 23.12 - LU0212926058 - -
C2 EUR Accumulating 36.73 -0.14 -0.38 44.25 34.53 - LU0331284793 - -
I2 EUR Accumulating 52.72 -0.20 -0.38 63.38 49.55 - LU1653088838 - -
E2 Hgd PLN Accumulating 14.39 -0.04 -0.28 17.11 13.29 - LU0530192003 - -
A2 HUF Accumulating 17,094.87 35.70 0.21 19,485.35 15,888.42 - LU0566074125 - -
D2 EUR Accumulating 52.81 -0.20 -0.38 63.50 49.64 - LU0523293024 - -
A2 Hgd PLN Accumulating 15.08 -0.04 -0.26 17.92 13.93 - LU0480534592 - -
A4 EUR Annual 46.80 -0.18 -0.38 56.31 43.99 - LU0408221512 - -
D4 EUR Annual 47.05 -0.17 -0.36 56.57 44.22 - LU0827880005 - -
E2 EUR Accumulating 44.00 -0.17 -0.38 52.97 41.36 - LU0171283533 - -
D2 Hgd SGD Accumulating 13.16 -0.04 -0.30 15.61 12.15 - LU0827880690 - -
E2 USD Accumulating 48.43 -0.12 -0.25 57.18 44.68 - LU0147396450 - -
X2 Hgd EUR Accumulating 10.36 -0.02 -0.19 12.26 9.56 - LU0260352280 - -
I2 Hgd SGD Accumulating 13.23 -0.03 -0.23 15.69 12.21 - LU0810842038 - -
D4 Hgd EUR Annual 30.62 -0.07 -0.23 36.29 28.27 - LU0827880773 - -
A2 Hgd HKD Accumulating 12.63 -0.03 -0.24 14.93 11.65 - LU0788109477 - -
E2 Hgd EUR Accumulating 31.23 -0.08 -0.26 37.08 28.84 - LU0212926132 - -
D2 Hgd GBP Accumulating 28.33 -0.08 -0.28 33.73 26.19 - LU0827880344 - -
I2 USD Accumulating 58.03 -0.14 -0.24 68.40 53.52 - LU0368249560 - -
A2 Hgd CNH Accumulating 120.38 -0.30 -0.25 141.91 110.83 - LU1062906877 - -
A2 USD Accumulating 52.98 -0.13 -0.24 62.51 48.87 - LU0072462426 - -
I2 Hgd EUR Accumulating 35.56 -0.08 -0.22 42.14 32.83 - LU0368231949 - -
X2 Hgd JPY Accumulating 1,026.00 -2.00 -0.19 1,207.00 946.00 - LU1445720094 - -
A2 Hgd GBP Accumulating 26.80 -0.07 -0.26 31.93 24.78 - LU0236177068 - -
D2 Hgd PLN Accumulating 15.96 -0.04 -0.25 18.95 14.73 - LU0827880427 - -
Class AI2 EUR - 9.64 0.07 0.73 11.55 9.02 - LU1960222104 - -
A4 Hgd EUR Annual 30.46 -0.08 -0.26 36.15 28.13 - LU0240613025 - -
A2 Hgd EUR Accumulating 32.79 -0.07 -0.21 38.90 30.28 - LU0212925753 - -
D4 GBP Accumulating 42.12 -0.97 -2.25 47.37 40.98 - LU1852330908 - -
D2 Hgd EUR Accumulating 35.98 -0.08 -0.22 42.65 33.22 - LU0329591480 - -
J2 USD Accumulating 65.84 -0.15 -0.23 77.54 60.72 - LU0304953069 - -
D2 USD Accumulating 58.13 -0.14 -0.24 68.53 53.61 - LU0329592538 - -
Class AI2 Hedged EUR - 9.14 0.21 2.35 10.82 8.42 - LU1960222286 - -
A2 Hgd SGD Accumulating 12.38 -0.03 -0.24 14.69 11.43 - LU0308772762 - -
X2 USD Accumulating 65.41 -0.15 -0.23 77.03 60.32 - LU0328507826 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, Chief Investment Officer of Global Fixed Income and Head of the Global Allocation Investment Team in the Multi-Asset Strategies Group

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