Multi Asset

BGF Dynamic High Income Fund

Overview

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. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. 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. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014
From
31-Dec-2014
To
31-Dec-2015
From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2018

- - - - -
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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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Class (Millions) as of Mar 19, 2019 NZD 6.38
Size of Fund (Millions) as of Mar 19, 2019 USD 2,886.381
Asset Class MultiAsset
Lipper Classification -
CUSIP BRTH7JDH2
Fund Inception Date Feb 6, 2018
Share Class Inception Date May 9, 2018
Morningstar Category Other Allocation
Regulatory Structure UCITS
Net, Excluding Investment Related Expenses -
Management Company BlackRock (Luxembourg) S.A.
Gross Expense Ratio -
ISIN LU1811365961
Bloomberg Ticker BGDA8NH
Max Offer Price -
Initial Charge 5.00%
Open to New Investors Yes
Performance Fee 0.00%
Turnover Percent -
SEDOL BD9C1W6
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment NZD 5000
Minimum Subsequent Investment NZD 1000
Use of Income Distributing

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 28, 2019
Name Weight (%)
BGF USD HIGH YIELD BD X6 USD 2.65
ISHARES $ HIGH YIELD CRP BND ETF $ 2.08
ISHARES J.P. MORGAN $ EMER MKTS BD 1.41
UBS GROUP FUNDING SWITZERLAND AG RegS 6.875 12/31/2049 0.66
TRANSCANADA TRUST 5.875 08/15/2076 0.64
Name Weight (%)
BNP PARIBAS SA 144A 7.375 12/31/2049 0.64
ISH EM DIV ETF $ DIST 0.56
ENBRIDGE INC 6.25 03/01/2078 0.54
HSBC HOLDINGS PLC 6.5 12/31/2049 0.49
WESTPAC BANKING CORP. (NEW ZEALAND 5 12/31/2049 0.48
Holdings subject to change

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A8 Hgd NZD Monthly 9.63 0.02 0.21 10.15 8.78 - LU1811365961 - -
A6 Hgd EUR Monthly 9.13 0.01 0.11 9.95 8.37 - LU1706154686 - -
D2 Hgd CHF Accumulating 9.91 0.02 0.20 10.10 8.91 - LU1800013010 - -
Class I6 USD Monthly 9.77 0.02 0.21 10.13 8.87 - LU1873113655 - -
A6 USD Monthly 9.45 0.01 0.11 9.98 8.61 - LU1564329115 - -
E2 Hgd EUR - 9.82 0.01 0.10 10.07 8.85 - LU1728558658 - -
D6 USD Monthly 9.53 0.02 0.21 9.99 8.66 - LU1564329388 - -
A2 USD Accumulating 10.19 0.02 0.20 10.24 9.11 - LU1564329032 - -
D5 Hgd GBP - 10.11 0.02 0.20 10.11 9.90 - LU1940842427 - -
Class E5 Hedged EUR - 9.47 0.01 0.11 10.02 8.53 - LU1728558732 - -
A2 Hgd CHF Accumulating 9.84 0.01 0.10 10.07 8.86 - LU1800012988 - -
A8 Hgd CNH Monthly 94.14 0.17 0.18 99.87 85.96 - LU1733225004 - -
E2 EUR - 11.08 0.01 0.09 11.08 9.82 - LU1728558575 - -
A6 Hgd HKD Monthly 93.30 0.15 0.16 99.68 85.16 - LU1697837992 - -
X2 USD - 10.39 0.02 0.19 10.39 9.25 - LU1564329891 - -
A6 Hgd SGD Monthly 9.33 0.01 0.11 9.97 8.52 - LU1564329461 - -
A8 Hgd AUD Monthly 9.38 0.02 0.21 9.97 8.55 - LU1564329545 - -
D2 USD Accumulating 10.28 0.02 0.19 10.29 9.17 - LU1564329206 - -
A6 Hgd GBP Monthly 9.24 0.02 0.22 9.96 8.45 - LU1733224965 - -
D2 EUR Accumulating 9.06 0.02 0.22 9.06 8.03 - LU1811365615 - -
I2 EUR - 9.15 0.01 0.11 10.00 8.11 - LU1811365532 - -
A6 Hgd CAD Monthly 9.60 0.02 0.21 10.15 8.76 - LU1811366001 - -
D2 Hgd EUR Accumulating 10.08 0.01 0.10 10.26 9.06 - LU1811365888 - -

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