BGF Dynamic High Income Fund

Multi Asset

BGF Dynamic High Income Fund

  • NAV as of 13-Jul-2020 EUR 8.05
    52 WK: 6.53 - 9.30
  • 1 Day NAV Change as of 13-Jul-2020 0.04 (0.50%)

Overview

Investment Approach

The Fund aims to generate a high income on your investment. The Fund invests globally in the full range of assets in which a UCITS may invest, including equity securities (e.g. shares), fixed income (FI) securities (such as bonds), funds, cash, deposits and money market instruments (i.e. debt securities with short term maturities). The asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions and other factors at the investment adviser's (IA) discretion.

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.

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.

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

  From
30.Jun.2015
To
30.Jun.2016		 From
30.Jun.2016
To
30.Jun.2017		 From
30.Jun.2017
To
30.Jun.2018		 From
30.Jun.2018
To
30.Jun.2019		 From
30.Jun.2019
To
30.Jun.2020
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 30-Jun-2020

- - - 3.14 -7.26
  2015 2016 2017 2018 2019
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment. - - - - 16.13
Annual w/ Sales Charge (%) Max Sales Charge: 5.00 - - - - 10.32

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

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Performance chart data not available for display.
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Share Class and Benchmark performance displayed in EUR. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

Distributions

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

Key Facts

Key Facts

Size of Fund (Millions) as of 13-Jul-2020 USD 3,139.85
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. as of 30-Jun-2020 7.87
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 30-Jun-2020 1,458
Base Currency USD
Fund Launch Date 06-Feb-2018
Share Class launch date 06-Feb-2018
Asset Class Multi Asset
Morningstar Category EUR Flexible Allocation - Global
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 1.75%
ISIN LU1706154686
Bloomberg Ticker BGDA6EH
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BYWV0D1
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

Sustainability Characteristics

Sustainability Characteristics

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. 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.


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.

MSCI - Controversial Weapons Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as having controversial weapons involvement including Cluster Munitions, Landmines, Depleted Uranium, Biological & Chemical, and non detectable fragments. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 30-Jun-2020 0.00%
MSCI - UN Global Compact Violators Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as failing to comply with the United Nations Global Compact Principles. For further details regarding MSCI’s methodology, see footnote 5 at the bottom of the page. as of 30-Jun-2020 1.27%
MSCI - Nuclear Weapons Percentage sum of issuers within the fund that have been identified by MSCI ESG research as manufacturing nuclear weapons. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 30-Jun-2020 0.00%
MSCI - Thermal Coal Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as earning >5% of total revenue from thermal coal production. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 30-Jun-2020 0.15%
MSCI - Civilian Firearms Percentage sum of issuers within the fund that have been identified as producing firearms and small arms ammunitions for civilian markets. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 30-Jun-2020 0.06%
MSCI - Oil Sands Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as earning >5% of total revenue from Oil Sands production. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 30-Jun-2020 0.08%
MSCI - Tobacco Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as producing tobacco products. For further details regarding MSCI’s methodology, see footnote 4 at the bottom of the page. as of 30-Jun-2020 0.24%

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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Typically low rewards Typically high rewards

 

Ratings

Portfolio Managers

Portfolio Managers

Michael Fredericks
Michael Fredericks
Justin Christofel
Justin Christofel
Alex Shingler
Alex Shingler

Holdings

Holdings

as of 30-Jun-2020
Name Weight (%)
ISHARES $ CORPORATE BOND UCITS ETF 3.80
ISHARES CORE S&P 500 UCITS ETF (DI 1.51
ISHARES J.P. MORGAN $ EMER MKTS BD 1.10
CSCO CITIGROUP INC 13.098/7/2020 0.47
INTC CITIGROUP INC 12.267/22/2020 0.47
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 0.45
TRANSCANADA TRUST 5.875 08/15/2076 0.44
MA NOMURA BANK INTERNATIONAL PLC 13.90477/16/2020 0.42
APD ROYAL BANK OF CANADA 14.437/6/2020 0.42
MSFT ROYAL BANK OF CANADA 14.47/15/2020 0.42
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
Class A6 Hedged EUR Monthly 8.05 0.04 0.50 9.30 6.53 - LU1706154686 - -
Class A2 USD None 10.31 0.05 0.49 11.36 8.08 - LU1564329032 - -
Class I2 BRL Hedged (USD) USD - 7.19 0.01 0.14 10.53 5.87 - LU2008661188 - -
Class A2 Hedged CHF None 9.53 0.05 0.53 10.63 7.52 - LU1800012988 - -
Class E2 EUR - 11.13 0.01 0.09 12.90 9.18 - LU1728558575 - -
Class E2 Hedged EUR - 9.48 0.05 0.53 10.62 7.49 - LU1728558658 - -
Class A6 Hedged HKD Monthly 85.47 0.45 0.53 97.29 68.67 - LU1697837992 - -
Class A8 Hedged AUD Monthly 8.41 0.05 0.60 9.74 6.78 - LU1564329545 - -
Class I2 EUR - 9.37 0.01 0.11 10.80 7.70 - LU1811365532 - -
Class A6 Hedged GBP Monthly 8.21 0.05 0.61 9.50 6.64 - LU1733224965 - -
Class A6 USD Monthly 8.69 0.04 0.46 9.89 6.99 - LU1564329115 - -
Class A8 Hedged CNH Monthly 86.69 0.44 0.51 98.41 69.42 - LU1733225004 - -
Class A6 Hedged SGD Monthly 8.44 0.04 0.48 9.70 6.81 - LU1564329461 - -
Class D6 USD Monthly 8.86 0.05 0.57 10.04 7.11 - LU1564329388 - -
Class D2 Hedged EUR None 9.89 0.05 0.51 11.02 7.79 - LU1811365888 - -
Class E5 Hedged EUR - 8.32 0.05 0.60 9.65 6.68 - LU1728558732 - -
Class A8 Hedged NZD Monthly 8.70 0.05 0.58 10.03 7.00 - LU1811365961 - -
Class D5 Hedged GBP Quarterly 9.17 0.05 0.55 10.61 7.33 - LU1940842427 - -
CLASS AI5 EUR - 8.96 0.04 0.45 10.38 7.19 - LU1960219811 - -
Class D2 EUR None 9.25 0.01 0.11 10.67 7.60 - LU1811365615 - -
Class AI2 EUR - 9.74 0.05 0.52 10.89 7.69 - LU1960219738 - -
Class D2 USD None 10.50 0.05 0.48 11.54 8.21 - LU1564329206 - -
Class A6 Hedged CAD Monthly 8.64 0.04 0.47 9.97 6.98 - LU1811366001 - -
Class A2 Hedged SGD None 10.02 0.05 0.50 11.16 7.88 - LU1564329628 - -
Class D2 Hedged CHF None 9.70 0.05 0.52 10.79 7.63 - LU1800013010 - -
Class I6 USD Monthly 9.10 0.05 0.55 10.30 7.29 - LU1873113655 - -
Class A8 Hedged EUR Monthly 9.26 0.05 0.54 10.02 7.45 - LU2127174873 - -

Literature

Literature