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

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of Sep 30, 2020

6.24 4.34 3.57 7.99 6.10
Benchmark (%)

as of Sep 30, 2020

9.91 4.64 8.13 11.84 1.38
  1Y 3Y 5Y 10y Incept.
6.10 5.87 5.64 6.68 7.69
Benchmark (%)

as of Sep 30, 2020

1.38 7.03 7.12 8.71 9.65
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
3.21 0.07 3.56 6.10 18.67 31.54 90.83 137.99
Benchmark (%)

as of Sep 30, 2020

-0.81 -0.03 0.93 1.38 22.61 41.01 130.43 193.97
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

Number of Issuers 901
Size of Fund (Millions) as of Oct 30, 2020 USD 13,557.511
12m Trailing Yield as of Jul 31, 2020 0.39
Base Currency U.S. Dollar
Fund Inception Date Jan 3, 1997
Share Class Currency Euro
Share Class Inception Date Jan 19, 2009
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.
Ongoing Charge 1.77%
ISIN LU0408221512
Bloomberg Ticker BGGAUA4
Annual Management Fee 1.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3L15F2
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 Distributing

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of Sep 30, 2020 21.08
Average Market Cap (Millions) as of Sep 30, 2020 USD 312,922.8 M
Effective Duration as of Sep 30, 2020 2.50 yrs
Effective Duration Fixed Income as of Sep 30, 2020 10.02 yrs
Effective Duration Fixed Income and Cash as of Sep 30, 2020 7.19 yrs

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF Global Allocation Fund, Class A4, as of Jan 31, 2020 rated against 736 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 Sep 30, 2020
Name Weight (%)
APPLE INC 2.13
MICROSOFT CORP 2.04
AMAZON COM INC 1.97
ALPHABET INC CLASS C 1.39
UNITEDHEALTH GROUP INC 1.01
Name Weight (%)
SIEMENS N AG 0.93
MASTERCARD INC CLASS A 0.90
TAIWAN SEMICONDUCTOR MANUFACTURING 0.90
UNION PACIFIC CORP 0.89
COMCAST CORP CLASS A 0.85
as of Sep 30, 2020
Name Weight (%)
WI TREASURY (CPI) NOTE 0.125 04/15/2025 3.58
TREASURY NOTE 1.75 11/15/2029 1.98
ISHARES $ HIGH YIELD CRP BND ETF $ 1.89
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 1.36
TREASURY (CPI) NOTE 0.125 10/15/2024 1.29
Name Weight (%)
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.87
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.80
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.73
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.69
ITALY (REPUBLIC OF) 0.95 08/01/2030 0.64
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2020

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of Sep 30, 2020

% of Net Assets

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 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
A4 EUR Annual 53.25 -0.58 -1.08 56.31 43.99 - LU0408221512 - -
A2 Hgd AUD Accumulating 18.61 -0.21 -1.12 19.72 14.33 - LU0468326631 - -
D2 Hgd SGD Accumulating 15.90 -0.18 -1.12 16.83 12.15 - LU0827880690 - -
C2 Hgd EUR Accumulating 29.73 -0.33 -1.10 31.51 23.12 - LU0212926058 - -
X2 Hgd AUD Accumulating 22.16 -0.25 -1.12 23.46 16.89 - LU0525289509 - -
D2 EUR Accumulating 60.36 -0.66 -1.08 63.50 49.64 - LU0523293024 - -
C2 EUR Accumulating 41.48 -0.46 -1.10 44.25 34.53 - LU0331284793 - -
E2 Hgd PLN Accumulating 17.23 -0.20 -1.15 18.28 13.29 - LU0530192003 - -
X2 EUR Accumulating 68.30 -0.74 -1.07 71.74 55.85 - LU0984173384 - -
D2 Hgd AUD Accumulating 19.78 -0.22 -1.10 20.94 15.16 - LU0827880187 - -
X2 Hgd EUR Accumulating 12.52 -0.14 -1.11 13.25 9.56 - LU0260352280 - -
A2 Hgd PLN Accumulating 18.11 -0.21 -1.15 19.21 13.93 - LU0480534592 - -
D2 Hgd CHF Accumulating 13.62 -0.15 -1.09 14.42 10.46 - LU0827880260 - -
X4 USD Annual 13.84 -0.15 -1.07 14.63 10.60 - LU0953392981 - -
E2 USD Accumulating 58.31 -0.64 -1.09 61.73 44.68 - LU0147396450 - -
I2 EUR Accumulating 60.33 -0.66 -1.08 63.39 49.55 - LU1653088838 - -
E2 EUR Accumulating 49.92 -0.55 -1.09 52.97 41.36 - LU0171283533 - -
C2 USD Accumulating 48.46 -0.53 -1.08 51.31 37.29 - LU0147395726 - -
A2 HUF Accumulating 20,123.92 -183.72 -0.90 20,921.39 15,897.45 - LU0566074125 - -
A2 Hgd CHF Accumulating 12.81 -0.14 -1.08 13.57 9.88 - LU0343169966 - -
D4 EUR Annual 53.53 -0.58 -1.07 56.57 44.22 - LU0827880005 - -
A2 Hgd CNH Accumulating 146.61 -1.60 -1.08 154.91 110.83 - LU1062906877 - -
D2 Hgd PLN Accumulating 19.25 -0.22 -1.13 20.41 14.73 - LU0827880427 - -
E2 Hgd EUR Accumulating 37.26 -0.41 -1.09 39.47 28.84 - LU0212926132 - -
A2 Hgd HKD Accumulating 15.27 -0.17 -1.10 16.16 11.65 - LU0788109477 - -
I2 Hgd EUR Accumulating 42.79 -0.47 -1.09 45.30 32.83 - LU0368231949 - -
D2 Hgd GBP Accumulating 34.23 -0.38 -1.10 36.22 26.19 - LU0827880344 - -
A2 Hgd GBP Accumulating 32.24 -0.35 -1.07 34.12 24.78 - LU0236177068 - -
I2 USD Accumulating 70.48 -0.77 -1.08 74.56 53.52 - LU0368249560 - -
I2 Hgd SGD Accumulating 16.01 -0.17 -1.05 16.94 12.21 - LU0810842038 - -
A2 Hgd EUR Accumulating 39.23 -0.43 -1.08 41.55 30.28 - LU0212925753 - -
D4 Hgd EUR Annual 36.62 -0.41 -1.11 38.78 28.27 - LU0827880773 - -
A2 USD Accumulating 63.98 -0.70 -1.08 67.71 48.87 - LU0072462426 - -
A4 USD Annual 62.20 -0.68 -1.08 65.83 47.51 - LU0724617625 - -
Class AI2 EUR - 11.04 0.05 0.45 11.55 9.02 - LU1960222104 - -
A4 Hgd EUR Annual 36.45 -0.41 -1.11 38.61 28.13 - LU0240613025 - -
A2 EUR Accumulating 54.77 -0.60 -1.08 57.92 45.24 - LU0171283459 - -
X2 Hgd JPY Accumulating 1,245.00 -14.00 -1.11 1,317.00 946.00 - LU1445720094 - -
J2 USD Accumulating 80.31 -0.88 -1.08 84.93 60.72 - LU0304953069 - -
D4 GBP Accumulating 48.32 -0.58 -1.19 50.91 40.98 - LU1852330908 - -
D2 USD Accumulating 70.51 -0.77 -1.08 74.60 53.61 - LU0329592538 - -
D2 Hgd EUR Accumulating 43.24 -0.48 -1.10 45.78 33.22 - LU0329591480 - -
X2 USD Accumulating 79.79 -0.87 -1.08 84.37 60.32 - LU0328507826 - -
Class AI2 Hedged EUR - 11.03 0.00 0.00 11.56 8.42 - LU1960222286 - -
A2 Hgd SGD Accumulating 14.89 -0.16 -1.06 15.76 11.43 - LU0308772762 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Chief Investment Officer, Global Fixed Income

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