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.

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

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

Chart

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 855
Size of Fund (Millions) as of 24-Sep-2020 USD 13,580.28
Base Currency USD
Fund Launch Date 03-Jan-1997
Series Currency EUR
Share Class launch date 05-Oct-2011
Asset Class Multi Asset
Morningstar Category EUR Moderate Allocation - Global
Benchmark Index S&P 500 (36%); FTSE World (ex-US) (24%); 5 Yr US Treasury Note (24%) and FTSE Non-USD World Government Bond Index (16%)
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0368231949
Bloomberg Ticker BGGAEI2
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B39TXK9
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10,000,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 01-Sep-2020 85.14
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 01-Sep-2020 Mixed Asset USD Bal - Global
All data is from MSCI ESG Fund Ratings as of 01-Sep-2020, based on holdings as of 29-Feb-2020. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.

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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.

Business Involvement exposures shown above for Thermal Coal and Oil Sands are calculated and reported for issuers within the fund that generate more than 5% of revenue from thermal coal mining or oil sands extraction, as defined by MSCI ESG Research. For the exposure to issuers within the fund that generate any revenue from thermal coal mining or oil sands extraction (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.11% and for Oil Sands 0.00%.

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global Allocation Fund, Class I2 Hedged, as of 31-Aug-2020 rated against 1922 EUR Moderate Allocation - Global 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 16-Apr-2020)

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
David Clayton
David Clayton
Russ Koesterich
Russ Koesterich

Holdings

Holdings

as of 31-Aug-2020
Name Weight (%)
MICROSOFT CORP 2.18
AMAZON COM INC 2.17
APPLE INC 2.10
ALPHABET INC CLASS C 1.54
SIEMENS N AG 1.00
Name Weight (%)
UNITEDHEALTH GROUP INC 0.99
MASTERCARD INC CLASS A 0.94
TAIWAN SEMICONDUCTOR MANUFACTURING 0.89
MORGAN STANLEY 0.87
UNION PACIFIC CORP 0.86
as of 31-Aug-2020
Name Weight (%)
WI TREASURY (CPI) NOTE 0.125 04/15/2025 2.11
TREASURY NOTE 1.75 11/15/2029 1.91
ISHARES $ HIGH YIELD CRP BND ETF $ 1.30
TREASURY (CPI) NOTE 0.125 10/15/2024 1.28
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 1.25
Name Weight (%)
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.85
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.78
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.72
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.69
ITALY (REPUBLIC OF) 0.95 08/01/2030 0.62
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2020

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Aug-2020

% of Net Assets

Type Fund Benchmark Net
as of 31-Aug-2020

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-2020

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-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.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class I2 Hedged EUR None 42.84 -0.65 -1.49 45.13 32.83 - LU0368231949 - -
Class D2 Hedged CHF None 13.64 -0.21 -1.52 14.38 10.46 - LU0827880260 - -
Class E2 EUR None 50.20 -0.56 -1.10 52.97 41.36 - LU0171283533 - -
Class A4 EUR Annual 53.52 -0.59 -1.09 56.31 43.99 - LU0408221512 - -
Class D2 Hedged AUD None 19.79 -0.31 -1.54 20.85 15.16 - LU0827880187 - -
Class D2 Hedged SGD None 15.92 -0.24 -1.49 16.76 12.15 - LU0827880690 - -
Class E2 Hedged PLN None 17.28 -0.27 -1.54 18.23 13.29 - LU0530192003 - -
Class A2 Hedged AUD None 18.64 -0.29 -1.53 19.64 14.33 - LU0468326631 - -
Class A4 USD Annual 62.29 -0.93 -1.47 65.61 47.51 - LU0724617625 - -
Class D4 Hedged EUR Annual 36.68 -0.55 -1.48 38.64 28.27 - LU0827880773 - -
Class A2 Hedged CHF None 12.84 -0.19 -1.46 13.54 9.88 - LU0343169966 - -
Class E2 Hedged EUR None 37.35 -0.57 -1.50 39.39 28.84 - LU0212926132 - -
Class D2 Hedged PLN None 19.28 -0.30 -1.53 20.33 14.73 - LU0827880427 - -
Class D4 EUR Annual 53.76 -0.60 -1.10 56.57 44.22 - LU0827880005 - -
Class A2 HUF None 20,018.40 -302.98 -1.49 20,432.18 15,897.45 - LU0566074125 - -
Class D2 EUR None 60.62 -0.67 -1.09 63.50 49.64 - LU0523293024 - -
Class I2 USD None 70.51 -1.05 -1.47 74.22 53.52 - LU0368249560 - -
Class D2 Hedged GBP None 34.25 -0.52 -1.50 36.07 26.19 - LU0827880344 - -
Class A2 Hedged PLN None 18.16 -0.28 -1.52 19.15 13.93 - LU0480534592 - -
Class E2 USD None 58.43 -0.86 -1.45 61.55 44.68 - LU0147396450 - -
Class I2 EUR None 60.58 -0.67 -1.09 63.38 49.55 - LU1653088838 - -
Class A2 Hedged HKD None 15.29 -0.22 -1.42 16.10 11.65 - LU0788109477 - -
Class A2 Hedged EUR None 39.31 -0.60 -1.50 41.44 30.28 - LU0212925753 - -
Class I2 Hedged SGD None 16.02 -0.24 -1.48 16.87 12.21 - LU0810842038 - -
Class D2 Hedged EUR None 43.30 -0.65 -1.48 45.62 33.22 - LU0329591480 - -
Class A4 Hedged EUR Annual 36.53 -0.55 -1.48 38.50 28.13 - LU0240613025 - -
Class A2 Hedged CNH None 146.53 -2.14 -1.44 154.11 110.83 - LU1062906877 - -
Class AI2 EUR - 11.10 0.07 0.63 11.55 9.02 - LU1960222104 - -
Class D4 GBP None 49.13 -0.70 -1.40 50.40 40.98 - LU1852330908 - -
Class A2 Hedged SGD None 14.92 -0.22 -1.45 15.71 11.43 - LU0308772762 - -
Class A2 USD None 64.07 -0.95 -1.46 67.48 48.87 - LU0072462426 - -
Class A2 Hedged GBP None 32.28 -0.49 -1.50 34.01 24.78 - LU0236177068 - -
Class A2 EUR None 55.05 -0.61 -1.10 57.92 45.24 - LU0171283459 - -
Class AI2 Hedged EUR - 11.10 0.02 0.18 11.53 8.42 - LU1960222286 - -
Class D2 USD None 70.56 -1.05 -1.47 74.28 53.61 - LU0329592538 - -

Literature

Literature