Multi Asset

BGF Global Allocation 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.

Please note the Fund-specific risks under the relevant section in Disclaimer.

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

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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
View full table
  From
31.Mar.2016
To
31.Mar.2017
From
31.Mar.2017
To
31.Mar.2018
From
31.Mar.2018
To
31.Mar.2019
From
31.Mar.2019
To
31.Mar.2020
From
31.Mar.2020
To
31.Mar.2021
Total Return (%)

as of 31-Mar-2021

6.66 4.47 -4.00 -7.20 37.00
  1y 3y 5y 10y Incept.
28.52 8.64 7.14 4.40 4.59
  YTD 1m 3m 1y 3y 5y 10y Incept.
6.06 0.71 5.07 28.52 28.21 41.18 53.86 90.29
  2016 2017 2018 2019 2020
Total Return (%) 2.16 10.45 -11.50 13.34 17.43
Annual w/ Sales Charge (%) -2.95 4.93 -15.93 7.67 11.56

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

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

Number of Issuers 1,208
Size of Fund (Millions) as of 17-Jun-2021 USD 18,006.71
12m Trailing Yield as of 31-Jul-2020 0.38
Base Currency U.S. Dollar
Fund Launch Date 03-Jan-1997
Series Currency Euro
Share Class launch date 24-Jan-2007
Asset Class Multi Asset
Morningstar Category EUR Moderate Allocation - Global
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.77%
ISIN LU0240613025
Bloomberg Ticker MGAHGA1
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B0XRPH9
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 28-May-2021 30.28
Average Market Cap (Millions) as of 28-May-2021 USD 304,751 M

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

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 - -
MSCI - UN Global Compact Violators as of - -
MSCI - Nuclear Weapons as of - -
MSCI - Thermal Coal as of - -
MSCI - Civilian Firearms as of - -
MSCI - Oil Sands as of - -
MSCI - Tobacco as of - -

Business Involvement Coverage as of - -
Percentage of Fund not covered as of - -
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 -% and for Oil Sands -%.

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

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BGF Global Allocation Fund, Class A4 Hedged, as of 31-May-2021 rated against 2074 EUR Moderate Allocation - Global Funds.

Portfolio Managers

Portfolio Managers

Rick Rieder
Portfolio Manager, BlackRock’s Green Bond Mandates

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income.

David Clayton
David Clayton
Russ Koesterich
Russ Koesterich

Holdings

Holdings

as of 30-Apr-2021
Name Weight (%)
SPDR S&P ETF TRUST 2.53
MICROSOFT CORP 2.21
APPLE INC 1.74
ALPHABET INC CLASS C 1.63
AMAZON COM INC 1.32
Name Weight (%)
BANK OF AMERICA CORP 1.24
JPMORGAN CHASE & CO 1.12
MASTERCARD INC CLASS A 1.02
JOHNSON & JOHNSON 1.00
UNITEDHEALTH GROUP INC 0.98
as of 30-Apr-2021
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1.20
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 1.18
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.27 11/19/2030 0.87
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.70
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.60
Name Weight (%)
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.55
ITALY (REPUBLIC OF) 0.95 08/01/2030 0.48
ITALY (REPUBLIC OF) 3.85 09/01/2049 0.41
TREASURY BOND 1.125 08/15/2040 0.38
TREASURY (CPI) NOTE 0.125 01/15/2030 0.27
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-May-2021

% of Net Assets

Type Fund
Allocations subject to change.
as of 28-May-2021

% of Net Assets

Type Fund
as of 28-May-2021

% of Market Value

Type Fund
as of 28-May-2021

% of Market Value

Type Fund
as of 28-May-2021

% 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.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A4 Hedged EUR Annual 43.74 -0.29 -0.66 44.16 34.44 - LU0240613025 - -
Class D2 Hedged SGD None 19.28 -0.12 -0.62 19.45 14.95 - LU0827880690 - -
Class A4 EUR Annual 62.95 0.59 0.95 62.95 51.98 - LU0408221512 - -
Class D4 EUR Annual 63.58 0.59 0.94 63.58 52.35 - LU0827880005 - -
Class D2 Hedged PLN None 23.30 -0.16 -0.68 23.51 18.12 - LU0827880427 - -
Class I2 EUR None 71.76 0.68 0.96 71.76 58.70 - LU1653088838 - -
Class A4 USD Annual 75.11 -0.49 -0.65 75.79 58.52 - LU0724617625 - -
Class I2 USD None 85.62 -0.55 -0.64 86.35 66.09 - LU0368249560 - -
Class A2 Hedged PLN None 21.82 -0.15 -0.68 22.03 17.10 - LU0480534592 - -
Class D2 EUR None 71.69 0.67 0.94 71.69 58.77 - LU0523293024 - -
Class E2 Hedged EUR None 44.56 -0.30 -0.67 45.00 35.26 - LU0212926132 - -
Class E2 EUR None 58.83 0.55 0.94 58.83 48.81 - LU0171283533 - -
Class A2 Hedged AUD None 22.40 -0.15 -0.67 22.61 17.55 - LU0468326631 - -
Class D2 Hedged AUD None 23.91 -0.16 -0.66 24.13 18.60 - LU0827880187 - -
Class E2 USD None 70.19 -0.46 -0.65 70.84 54.95 - LU0147396450 - -
Class A2 HUF None 23,027.07 453.65 2.01 23,142.80 18,714.15 - LU0566074125 - -
Class A2 Hedged CHF None 15.35 -0.10 -0.65 15.50 12.11 - LU0343169966 - -
Class I2 Hedged EUR None 51.65 -0.34 -0.65 52.12 40.30 - LU0368231949 - -
Class D2 Hedged GBP None 41.38 -0.27 -0.65 41.74 32.16 - LU0827880344 - -
Class E2 Hedged PLN None 20.70 -0.14 -0.67 20.90 16.29 - LU0530192003 - -
Class D2 Hedged CHF None 16.40 -0.11 -0.67 16.55 12.85 - LU0827880260 - -
Class A2 USD None 77.25 -0.50 -0.64 77.95 60.19 - LU0072462426 - -
Class A2 Hedged EUR None 47.07 -0.31 -0.65 47.52 37.07 - LU0212925753 - -
Class D4 GBP Annual 54.41 0.33 0.61 54.43 47.70 - LU1852330908 - -
Class D4 Hedged EUR Annual 44.15 -0.30 -0.67 44.56 34.68 - LU0827880773 - -
Class D2 USD None 85.54 -0.56 -0.65 86.28 66.17 - LU0329592538 - -
Class A2 Hedged GBP None 38.78 -0.26 -0.67 39.14 30.37 - LU0236177068 - -
Class A2 Hedged CNH None 179.20 -1.16 -0.64 180.72 136.99 - LU1062906877 - -
Class I2 Hedged SGD None 19.38 -0.13 -0.67 19.55 15.03 - LU0810842038 - -
Class A2 EUR None 64.75 0.61 0.95 64.75 53.46 - LU0171283459 - -
Class A2 Hedged HKD None 18.42 -0.12 -0.65 18.59 14.36 - LU0788109477 - -
Class A2 Hedged SGD None 17.96 -0.12 -0.66 18.12 14.02 - LU0308772762 - -
Class AI2 Hedged EUR - 13.10 -0.08 -0.61 13.22 10.31 - LU1960222286 - -
Class D2 Hedged EUR None 52.12 -0.35 -0.67 52.61 40.75 - LU0329591480 - -
Class AI2 EUR - 12.91 0.12 0.94 12.91 10.66 - LU1960222104 - -

Literature

Literature