Multi Asset

BGF Global Allocation Fund

  • NAV as of 02-Jun-2023 EUR 36.63
    52 WK: 33.21 - 38.44
  • 1 Day NAV Change as of 02-Jun-2023 0.36 (0.99%)

Overview

Investment Approach


The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets.

The Fund invests globally at least 70% of its total assets in equity securities (e.g. shares) and fixed income (FI) securities in normal market conditions. FI securities include bonds and money market instruments (i.e. debt securities with short term maturities). It may also hold deposits and cash.

Subject to the above, the asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions.

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 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.

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

Chart

Performance chart data not available for display.
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Share Class performance displayed in EUR and Benchmark performance displayed in USD. Source: BlackRock. Performance is shown on a net asset value basis, with gross income reinvested. Past performance is not a guide to future performance.

Distributions

Record Date Ex-Date Payable Date
View full table
Record Date Ex-Date Payable Date Total Distribution

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 13.6 1.4 -2.7 2.2 10.5 -11.5 13.3 17.4 5.2 -19.0
Constraint Benchmark 1 (%) 13.7 4.2 -0.8 6.1 15.7 -4.7 18.8 13.3 10.1 -15.6
Comparator Benchmark 2 (%) 24.7 4.8 -1.4 8.6 24.1 -8.8 27.7 16.3 21.0 -17.5
Comparator Benchmark 3 (%) -4.0 -0.5 -3.6 1.6 7.5 -0.8 5.9 10.1 -7.0 -18.3

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

  1y 3y 5y 10y Incept.
Total Return (%) -5.66 3.20 1.12 2.13 2.85
Constraint Benchmark 1 (%) 1.69 6.34 5.04 5.67 5.35
Comparator Benchmark 2 (%) 3.36 13.47 8.15 8.85 -
Comparator Benchmark 3 (%) -3.51 -5.53 -1.90 -0.66 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 3.31 0.52 -1.03 5.16 -5.66 9.91 5.71 23.42 57.98
Constraint Benchmark 1 (%) 7.11 1.33 1.76 11.09 1.69 20.23 27.87 73.62 133.28
Comparator Benchmark 2 (%) 9.58 1.72 2.24 13.00 3.36 46.11 47.94 133.52 -
Comparator Benchmark 3 (%) 3.93 0.41 0.72 8.47 -3.51 -15.69 -9.14 -6.44 -
  From
31.Mar.2018
To
31.Mar.2019		 From
31.Mar.2019
To
31.Mar.2020		 From
31.Mar.2020
To
31.Mar.2021		 From
31.Mar.2021
To
31.Mar.2022		 From
31.Mar.2022
To
31.Mar.2023
Total Return (%)

as of 31-Mar-2023

-4.00 -7.20 37.00 -3.21 -10.86
Constraint Benchmark 1 (%)

as of 31-Mar-2023

2.92 -3.16 30.86 3.13 -6.18
Comparator Benchmark 2 (%)

as of 31-Mar-2023

3.19 - 55.70 9.66 -6.74
Comparator Benchmark 3 (%)

as of 31-Mar-2023

-1.57 - 1.82 -7.74 -9.55

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 EUR 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 02-Jun-2023 USD 14,654,251,815.51
Share Class launch date 24-Jan-2007
Fund Launch Date 03-Jan-1997
Share Class Currency EUR
Base Currency USD
Asset Class Multi Asset
Constraint Benchmark 1 S&P 500 (36%); FTSE World (ex-US) (24%); 5 Yr US Treasury Note (24%) and FTSE Non-USD World Government Bond Index (16%)
Comparator Benchmark 2 FTSE World Index
Comparator Benchmark 3 FTSE World Government Bond Index
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.78%
Annual Management Fee 1.50%
Performance Fee 0.00%
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment EUR 1,000.00
Distribution Frequency Annual
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category EUR Moderate Allocation - Global
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker XMHP GR
ISIN LU0240613025
SEDOL B0XRPH9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28-Apr-2023 1,032
12m Trailing Yield as of 31-Jul-2020 0.38
3y Beta as of 30-Apr-2023 0.95
P/E Ratio as of 28-Apr-2023 18.83
Average Market Cap (Millions) as of 28-Apr-2023 USD 374,163 M
Effective Duration as of 28-Apr-2023 2.19 yrs
Effective Duration Fixed Income as of 28-Apr-2023 5.42
Effective Duration Fixed Income and Cash as of 28-Apr-2023 4.75

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 19-May-2023 A
MSCI ESG % Coverage as of 19-May-2023 85.92
MSCI ESG Quality Score (0-10) as of 19-May-2023 6.51
MSCI ESG Quality Score - Peer Percentile as of 19-May-2023 58.33
Fund Lipper Global Classification as of 19-May-2023 Mixed Asset USD Bal - Global
Funds in Peer Group as of 19-May-2023 204
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 19-May-2023 160.53
MSCI Weighted Average Carbon Intensity % Coverage as of 19-May-2023 58.37
All data is from MSCI ESG Fund Ratings as of 19-May-2023, based on holdings as of 31-Dec-2022. 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 28-Apr-2023 0.01%
MSCI - UN Global Compact Violators as of 28-Apr-2023 0.44%
MSCI - Nuclear Weapons as of 28-Apr-2023 0.01%
MSCI - Thermal Coal as of 28-Apr-2023 0.01%
MSCI - Civilian Firearms as of 28-Apr-2023 0.00%
MSCI - Oil Sands as of 28-Apr-2023 0.29%
MSCI - Tobacco as of 28-Apr-2023 0.07%
Business Involvement Coverage as of 28-Apr-2023 63.26%
Percentage of Fund not covered as of 28-Apr-2023 36.79%
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 0.34% and for Oil Sands 1.52%.

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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Global Allocation Investment Team believes that a company’s ability to manage material environmental, social and governance (“ESG”) issues may be essential to the company’s ability to sustain growth and generate value for shareholders over the long term, and thus ESG performance indicators are considered as part of our investment process. For long-term investors like Global Allocation, incorporating ESG information into its research and investment decisions has been, and remains, very important to our fundamental investment process and our goal of seeking to maximize risk-adjusted returns.


The team analyzes ESG data when conducting research and due diligence on new investments, and when monitoring existing investments within the portfolio. The team’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

 

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Managing Director, CIO of Global Fixed Income

  

Read More

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business, and Head of the Global Allocation Investment Team. Mr. Rieder is responsible for roughly $2.4 trillion in assets. He is a member of BlackRock’s Executive Sub-Committee on Investments, a member of BlackRock's Global Operating Committee, and Chairman of the firm-wide BlackRock Investment Council.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar.

 

From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program.

 

Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, New Jersey, and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation, and Trustee for the US Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

David Clayton
David Clayton
Managing Director

David Clayton, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and Head of Fundamental Security Selection.

Read More

David Clayton, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and Head of Fundamental Security Selection.

 

Mr. Clayton joined the BlackRock Global Allocation team in 2010 and was named a portfolio manager of the Fund in 2017. Prior to his current role, he was head of portfolio oversight, as well as a senior investor and investment group leader on the Fund, primarily responsible for coverage of the energy, real estate, autos, industrials, materials and utilities sectors. Prior to joining BlackRock, he was Of Counsel in the Financial Restructuring Group at Milbank, Tweed, Hadley & McCloy LLP. Previously he was a Managing Director and analyst with The Blackstone Group, responsible for distressed and special situations investments across multiple industries. Prior to joining Blackstone, Mr. Clayton spent six years at Merrill Lynch Investment Managers (MLIM), initially as an attorney specializing in corporate finance transactions and restructurings, and most recently as a Vice President and analyst in the Global High Yield Bond & Bank Debt Group. Mr. Clayton began his career as an attorney specializing in corporate finance transactions, first at Blake, Cassels & Graydon in Toronto and then at Milbank in New York.

 

Mr. Clayton earned a BA degree, with honors, in economics from the University of Western Ontario in 1990 and MBA and LLB degrees from Dalhousie University in 1994. He is a CFA® Charterholder.

Russ Koesterich
Russ Koesterich
Managing Director

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

Read More

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

 

Mr. Koesterich's service with BlackRock dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. He joined the BlackRock Global Allocation team in 2016 as Head of Asset Allocation and was named a portfolio manager of the Fund in 2017. Previously, he was BlackRock's Global Chief Investment Strategist and Chairman of the Investment Committee for the Model Portfolio Solutions business, and formerly served as the Global Head of Investment Strategy for scientific active equities and as senior portfolio manager in the US Market Neutral Group. Prior to joining BGI, Mr. Koesterich was the Chief North American Strategist at State Street Bank and Trust. He began his investment career at Instinet Research Partners where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research, and Equity Analyst. He is a frequent contributor to financials news media and the author of three books, including his most recent “Portfolio Construction for Today’s Markets.“

 

Mr. Koesterich earned a BA in history from Brandeis University, a JD from Boston College and an MBA from Columbia University. He is a CFA® Charterholder.

Holdings

Holdings

as of 28-Apr-2023
Name Weight (%)
MICROSOFT CORP 2.67
APPLE INC 1.77
ALPHABET INC CLASS C 1.50
AMAZON COM INC 1.05
UNITEDHEALTH GROUP INC 0.93
Name Weight (%)
NESTLE SA 0.80
MASTERCARD INC CLASS A 0.79
MARSH & MCLENNAN INC 0.75
LVMH 0.73
BAE SYSTEMS PLC 0.71
as of 28-Apr-2023
Name Weight (%)
TREASURY NOTE 3.875 03/31/2025 7.03
UMBS 30YR TBA(REG A) 6.08
GERMANY (FEDERAL REPUBLIC OF) 1.7 08/15/2032 2.63
TREASURY (CPI) NOTE 0.625 01/15/2024 1.53
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.41
Name Weight (%)
SPAIN (KINGDOM OF) 3.15 04/30/2033 1.27
UK CONV GILT 1.25 07/22/2027 1.24
AUSTRALIA (COMMONWEALTH OF) 1 11/21/2031 1.22
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 0.89
TREASURY (CPI) NOTE 0.5 04/15/2024 0.87
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Apr-2023

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of 28-Apr-2023

% of Net Assets

Type Fund Benchmark Net
as of 28-Apr-2023

% of Market Value

Type Fund Benchmark Net
as of 28-Apr-2023

% of Market Value

Type Fund Benchmark Net
as of 28-Apr-2023

% 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

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class A4 Hedged EUR Annual 36.63 0.36 0.99 02-Jun-2023 38.44 33.21 LU0240613025 -
Class A2 Hedged GBP None 33.20 0.32 0.97 02-Jun-2023 34.38 29.83 LU0236177068 -
Class A9 Hedged SGD Quarterly 8.33 0.08 0.97 02-Jun-2023 8.78 7.56 LU2354320645 -
Class X2 EUR None 82.54 0.72 0.88 02-Jun-2023 86.95 78.22 LU0984173384 -
Class A9 USD Quarterly 8.47 0.08 0.95 02-Jun-2023 8.81 7.62 LU2354320561 -
Class D2 Hedged EUR None 44.30 0.44 1.00 02-Jun-2023 46.14 39.98 LU0329591480 -
Class AI2 EUR - 12.63 0.11 0.88 02-Jun-2023 13.48 12.08 LU1960222104 -
Class A2 Hedged EUR None 39.42 0.39 1.00 02-Jun-2023 41.36 35.74 LU0212925753 -
Class D2 USD None 76.45 0.74 0.98 02-Jun-2023 77.21 67.58 LU0329592538 -
Class A2 Hedged SGD None 15.56 0.15 0.97 02-Jun-2023 15.97 13.94 LU0308772762 -
Class X2 USD None 88.68 0.85 0.97 02-Jun-2023 89.28 77.92 LU0328507826 -
Class X4 USD Annual 14.89 0.14 0.95 02-Jun-2023 15.13 13.09 LU0953392981 -
Class D4 GBP Annual 53.47 0.49 0.92 02-Jun-2023 56.54 51.60 LU1852330908 -
Class A4 EUR Annual 61.56 0.53 0.87 02-Jun-2023 65.74 58.91 LU0408221512 -
Class A2 EUR None 63.32 0.55 0.88 02-Jun-2023 67.61 60.59 LU0171283459 -
Class C2 Hedged EUR None 28.93 0.29 1.01 02-Jun-2023 30.73 26.44 LU0212926058 -
Class A2 Hedged CHF None 12.77 0.12 0.95 02-Jun-2023 13.50 11.68 LU0343169966 -
Class A2 Hedged PLN None 19.72 0.19 0.97 02-Jun-2023 19.87 17.27 LU0480534592 -
Class A2 Hedged AUD None 19.10 0.19 1.00 02-Jun-2023 19.79 17.20 LU0468326631 -
Class X2 Hedged JPY None 1,306.00 13.00 1.01 02-Jun-2023 1,367.00 1,189.00 LU1445720094 -
Class E2 Hedged PLN None 18.52 0.18 0.98 02-Jun-2023 18.69 16.28 LU0530192003 -
Class A2 HUF None 23,469.36 207.60 0.89 02-Jun-2023 27,678.23 22,788.93 LU0566074125 -
Class D2 Hedged CHF None 13.85 0.14 1.02 02-Jun-2023 14.53 12.61 LU0827880260 -
Class D2 EUR None 71.15 0.62 0.88 02-Jun-2023 75.52 67.87 LU0523293024 -
Class A9 Hedged AUD Quarterly 8.20 0.08 0.99 02-Jun-2023 8.72 7.48 LU2354320728 -
Class C2 USD None 49.89 0.48 0.97 02-Jun-2023 51.18 44.67 LU0147395726 -
Class X2 Hedged AUD None 23.77 0.24 1.02 02-Jun-2023 24.23 21.18 LU0525289509 -
Class C2 EUR None 46.44 0.40 0.87 02-Jun-2023 50.08 44.67 LU0331284793 -
Class D2 Hedged AUD None 20.69 0.21 1.03 02-Jun-2023 21.28 18.54 LU0827880187 -
Class D4 EUR Annual 62.32 0.54 0.87 02-Jun-2023 66.67 59.45 LU0827880005 -
Class E2 USD None 61.21 0.59 0.97 02-Jun-2023 62.33 54.54 LU0147396450 -
Class D2 Hedged SGD None 16.95 0.17 1.01 02-Jun-2023 17.27 15.11 LU0827880690 -
Class I2 EUR None 71.51 0.62 0.87 02-Jun-2023 75.77 68.15 LU1653088838 -
Class E2 EUR None 56.97 0.49 0.87 02-Jun-2023 61.08 54.63 LU0171283533 -
Class D2 Hedged PLN None 21.38 0.21 0.99 02-Jun-2023 21.48 18.63 LU0827880427 -
Class X2 Hedged EUR None 13.15 0.13 1.00 02-Jun-2023 13.56 11.79 LU0260352280 -
Class E2 Hedged EUR None 36.96 0.36 0.98 02-Jun-2023 38.97 33.62 LU0212926132 -
Class D2 Hedged GBP None 35.95 0.36 1.01 02-Jun-2023 36.95 32.14 LU0827880344 -
Class A4 USD Annual 66.15 0.64 0.98 02-Jun-2023 67.03 58.75 LU0724617625 -
Class J2 USD None 89.27 0.86 0.97 02-Jun-2023 89.87 78.43 LU0304953069 -
Class I2 Hedged EUR None 44.08 0.43 0.99 02-Jun-2023 45.82 39.72 LU0368231949 -
Class A2 Hedged CNH None 157.46 1.54 0.99 02-Jun-2023 163.17 142.57 LU1062906877 -
Class A2 Hedged HKD None 15.96 0.16 1.01 02-Jun-2023 16.39 14.30 LU0788109477 -
Class I2 Hedged SGD None 17.00 0.17 1.01 02-Jun-2023 17.30 15.16 LU0810842038 -
Class D4 Hedged EUR Annual 37.05 0.36 0.98 02-Jun-2023 38.90 33.44 LU0827880773 -
Class I2 USD None 76.83 0.74 0.97 02-Jun-2023 77.54 67.82 LU0368249560 -
Class A2 USD None 68.03 0.65 0.96 02-Jun-2023 68.94 60.43 LU0072462426 -
Class AI2 Hedged EUR - 10.97 0.11 1.01 02-Jun-2023 11.51 9.94 LU1960222286 -

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
Recommended holding period : 5 years
Example Investment EUR 10,000.00
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
6,270 EUR
-37.3%
4,560 EUR
-14.5%

Unfavourable

What you might get back after costs
Average return each year
7,490 EUR
-25.1%
7,850 EUR
-4.7%

Moderate

What you might get back after costs
Average return each year
9,710 EUR
-2.9%
10,460 EUR
0.9%

Favourable

What you might get back after costs
Average return each year
13,020 EUR
30.2%
13,530 EUR
6.2%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature