Multi Asset

BGF Global Conservative Income 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.

Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Equities and equity-related securities can be affected by daily stock market movements. Fixed Income securities can be affected by changes to interest rates, credit risk and potential or actual credit rating downgrades. Noninvestment grade FI securities can be more sensitive to these events. ABS and MBS may have high levels of borrowing and not fully reflect the value of underlying assets. FDIs are highly sensitive to changes in the value of the asset they are based on. The impact is greater where FDIs 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

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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

- - - -5.46 13.72
  1y 3y 5y 10y Incept.
13.72 - - - 2.97
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.79 0.59 0.79 13.72 - - - 7.63
  2016 2017 2018 2019 2020
Total Return (%) - - - 7.38 2.85

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 EUR.

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

Size of Fund (Millions) as of 20-Apr-2021 EUR 586.09
12m Trailing Yield as of 31-Mar-2021 3.36
Number of Holdings as of 31-Mar-2021 1,835
Base Currency Euro
Fund Launch Date 12-Sep-2018
Share Class launch date 26-Sep-2018
Asset Class Multi Asset
Morningstar Category EUR Cautious Allocation - Global
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.76%
ISIN LU1883300706
Bloomberg Ticker BGFCIE9
Initial Charge 3.00%
Performance Fee -
SEDOL BGR1RN9
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

Sustainability Characteristics can help investors integrate non-financial, 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 ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 07-Apr-2021 A
MSCI ESG Quality Score (0-10) as of 07-Apr-2021 6.24
MSCI ESG Quality Score - Peer Percentile as of 07-Apr-2021 63.10
MSCI ESG % Coverage as of 07-Apr-2021 79.79
Fund Lipper Global Classification as of 07-Apr-2021 Mixed Asset Other Conservative
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Apr-2021 235.99
Funds in Peer Group as of 07-Apr-2021 84
All data is from MSCI ESG Fund Ratings as of 07-Apr-2021, based on holdings as of 30-Nov-2020. 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% 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.

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 31-Mar-2021 0.03%
MSCI - UN Global Compact Violators as of 31-Mar-2021 1.50%
MSCI - Nuclear Weapons as of 31-Mar-2021 0.02%
MSCI - Thermal Coal as of 31-Mar-2021 0.00%
MSCI - Civilian Firearms as of 31-Mar-2021 0.00%
MSCI - Oil Sands as of 31-Mar-2021 0.00%
MSCI - Tobacco as of 31-Mar-2021 0.69%

Business Involvement Coverage as of 31-Mar-2021 72.94%
Percentage of Fund not covered as of 31-Mar-2021 27.06%
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 0.14% and for Oil Sands 0.52%.

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 Fund manager includes ESG considerations in combination with other information in the research and due diligence phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, societal or governance topics, and from third-party providers. The Fund manager’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

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

Holdings

Holdings

as of 31-Mar-2021
Name Weight (%)
ISHARES $ HIGH YIELD CORP BO EUR H 4.93
BGF GLOBAL EQUITY INC FUND X2 USD 2.35
ISHARES CORE S&P 500 UCITS ETF (DI 1.38
ISHARES MSCI USA QUALITY DIV UCITS 1.05
L3HARRIS TECHNOLOGIES INC 4.4 06/15/2028 0.33
Name Weight (%)
ELECTRICITE DE FRANCE SA RegS 3.375 12/31/2049 0.30
NISSAN MOTOR CO LTD 144A 3.043 09/15/2023 0.26
INTESA SANPAOLO SPA RegS 7.75 12/31/2049 0.26
BARCLAYS PLC RegS 7.875 12/31/2049 0.24
INTERNATIONAL BUSINESS MACHINES CO 3 05/15/2024 0.24
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Mar-2021

% of Market Value

Type Fund
Allocations subject to change.
as of 31-Mar-2021

% of Market Value

Type Fund
as of 31-Mar-2021

% of Market Value

Type Fund
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 E9 EUR EUR - 9.93 -0.03 -0.30 9.98 9.34 - LU1883300706 - -
Class E6 EUR Monthly 10.26 -0.03 -0.29 10.30 9.57 - LU1960224902 - -
Class D2 EUR - 11.11 -0.03 -0.27 11.15 10.00 - LU1845137147 - -
Class I2 EUR - 11.19 -0.03 -0.27 11.23 10.05 - LU1857917774 - -
Class AI2 EUR - 10.86 -0.03 -0.28 10.90 9.82 - LU1960222799 - -
Class AI5G EUR Quarterly 10.12 -0.03 -0.30 10.17 9.48 - LU1960222872 - -
Class D9 EUR EUR - 10.16 -0.02 -0.20 10.20 9.46 - LU1883300888 - -
Class E2 EUR - 10.83 -0.02 -0.18 10.87 9.84 - LU1845137493 - -
Class A9 EUR EUR - 10.05 -0.02 -0.20 10.09 9.40 - LU1883300615 - -
Class I9 EUR EUR - 10.20 -0.03 -0.29 10.24 9.48 - LU1883300961 - -
Class D4 EUR Annual 10.31 -0.03 -0.29 10.35 9.62 - LU1845137220 - -
Class A2 EUR - 10.95 -0.03 -0.27 10.99 9.90 - LU1845136925 - -
Class E5 EUR Quarterly 9.83 -0.03 -0.30 9.89 9.25 - LU1845137576 - -
Class A4 EUR Annual 10.17 -0.03 -0.29 10.21 9.54 - LU1845137063 - -

Literature

Literature