Multi Asset

BGF Global Multi-Asset Income Fund

  • NAV as of 11-Dec-2024 CHF 10.09
    52 WK: 9.95 - 10.33
  • 1 Day NAV Change as of 11-Dec-2024 0.01 (0.10%)

Overview

Investment Approach


The Fund aims to generate an above average level of income on your investment as well as maintain long term capital growth.

The Fund invests globally in the full range of assets in which a UCITS fund may invest, including equity securities (e.g. shares), fixed income securities (such as bonds), funds, cash, deposits and money market instruments (i.e. debt securities with short term maturities).

The Fund is actively managed and 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. The IA may refer to a composite benchmark comprising MSCI World Index (50%) and Bloomberg Global Aggregate Bond Index USD Hedged (50%) (the “Index”) for risk management purposes to ensure that the active risk (i.e. degree of deviation from the Index) taken by the Fund remains appropriate given the Fund’s investment objective and policy. The IA is not bound by the components or weighting of the Index when selecting investments. The IA may also use its discretion to invest in securities not included in the Index in order to take advantage of specific investment opportunities. The Fund’s portfolio holdings are expected to deviate materially from the Index. The components of the Index (i.e. MSCI World Index and Bloomberg Global Aggregate Bond Index US Hedged) may be quoted separately in marketing material related to the Fund.

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.

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

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Distributions

Ex-Date Total Distribution
View full table
Ex-Date Total Distribution
For more information: +44 (0) 20 7743 3300 • www.blackrock.com • investor.services@blackrock.com

This chart shows the fund's performance as the percentage loss or gain per year over the last 0 years.

  2019 2020 2021 2022 2023
Total Return (%)
Constraint Benchmark 1 (%)

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 (%) 8.27 - - - 7.37
Constraint Benchmark 1 (%) 17.33 - - - 15.92
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 4.49 1.53 0.57 4.36 8.27 - - - 9.16
Constraint Benchmark 1 (%) 12.76 2.89 2.69 8.08 17.33 - - - 19.99
  From
30.Sept.2019
To
30.Sept.2020		 From
30.Sept.2020
To
30.Sept.2021		 From
30.Sept.2021
To
30.Sept.2022		 From
30.Sept.2022
To
30.Sept.2023		 From
30.Sept.2023
To
30.Sept.2024
Total Return (%)

as of 30-Sept-2024

- - - - 11.31
Constraint Benchmark 1 (%)

as of 30-Sept-2024

- - - - 21.18

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 CHF, 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 11-Dec-2024
USD 4’411’665’376.00
Fund Launch Date
28-Jun-2012
Base Currency
USD
Constraint Benchmark 1
MSCI World Index (50%), Bloomberg Global Aggregate Bond Index USD Hedged (50%)
Initial Charge
5.00%
Management Fee
1.50%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGGBMAC
Share Class launch date
06-Sept-2023
Share Class Currency
CHF
Asset Class
Multi Asset
SFDR Classification
Other
Ongoing Charges Figures
1.74%
ISIN
LU2655523152
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BP83N40

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29-Nov-2024
2’832
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 29-Nov-2024
17.59
Yield to Maturity
as of 29-Nov-2024
10.43%
Effective Duration
as of 29-Nov-2024
2.26 yrs
12 Month Trailing Dividend Distribution Yield
as of 30-Nov-2024
6.07
3y Beta
as of -
-
P/B Ratio
as of 29-Nov-2024
2.00
Modified Duration
as of 29-Nov-2024
2.75
Weighted Avg Maturity
as of 29-Nov-2024
2.43 yrs

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

 

Risk Indicator

Risk Indicator

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

Ratings

Portfolio Managers

Portfolio Managers

Alex Shingler
Alex Shingler
CFA, Managing Director

  

Read More

Alex Shingler, CFA, Managing Director, is the Co-Head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions (MASS) group. The MASS Income team manages strategies that seek to deliver attractive risk-adjusted income and total return across multiple risk profiles to clients globally. Mr. Shingler is a member of the MASS Executive Committee.

 

Mr. Shingler has spent his career investing across equity and fixed income markets. Prior to his current role, he served as a portfolio manager and research analyst within BlackRock's European and US credit businesses. Before joining BlackRock in 2009 in London, Mr. Shingler focused on special situation equity investments.

 

Mr. Shingler earned an AB degree, summa cum laude, in philosophy from Princeton University. He grew up in Montreal, Canada and resides in the New York City area with his wife and daughter.

Justin Christofel
Justin Christofel
CFA, CAIA, Managing Director

  

Read More

Justin Christofel, CFA, CAIA, Managing Director, is the Co-Head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions (MASS) group. The MASS Income team manages strategies that seek to deliver attractive risk-adjusted income and total return across multiple risk profiles to clients globally. Mr. Christofel is a member of the MASS Executive Committee and Blackrock’s Global Human Capital Committee.

 

Prior to the launch of the Income strategies, Mr. Christofel managed customized asset allocation portfolios for institutional investors. He also managed volatility control strategies, and a multi-asset real return portfolio. Mr. Christofel joined Blackrock in 2007 from Oliver Wyman, a consulting firm specializing in financial services. His projects spanned from retail banking to structured finance.

 

Mr. Christofel graduated from Yale University with a BA degree, with honors, in economics and mathematics.

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
ISH MSCI USA Qty Div ESG UCITS ETF 2.19
ISHARES CORE CORP BOND UCI USD 2.07
ISHARES $ HIGH YIELD CRP BND ETF $ 1.57
BGF USD HIGH YIELD BD X6 USD 1.04
MICROSOFT CORP 0.87
Name Weight (%)
AAPL CITIGROUP INC 12.5312/16/2024 0.48
MSFT SOCIETE GENERALE SA 13.6312/12/2024 0.47
AMZN CITIGROUP INC 13.8412/16/2024 0.47
TAIWAN SEMICONDUCTOR MANUFACTURING 0.45
ASTRAZENECA PLC 0.37
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, geographic exposures are not available at this time.
as of 29-Nov-2024

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
as of 29-Nov-2024

% of Market Value

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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A6 Hedged CHF 10.09 0.01 0.10 11-Dec-2024 10.33 9.95 LU2655523152
Class A2 Hedged CHF 11.18 0.00 0.00 11-Dec-2024 11.27 10.44 LU0784383472
Class A5G USD 8.98 0.01 0.11 11-Dec-2024 9.08 8.54 LU0784383803
Class A6 Hedged HKD 77.46 0.04 0.05 11-Dec-2024 78.84 74.59 LU0784385170
Class D6 Hedged SGD 9.78 0.01 0.10 11-Dec-2024 9.95 9.40 LU2472302624
Class A8 Hedged CNH 83.53 -0.03 -0.04 11-Dec-2024 84.78 79.53 LU1257007564
Class A4G Hedged CHF 7.05 0.00 0.00 11-Dec-2024 7.49 6.97 LU1373034260
Class C6 USD 8.32 0.01 0.12 11-Dec-2024 8.46 7.95 LU1023056556
Class I2 USD 14.95 0.01 0.07 11-Dec-2024 15.00 13.24 LU1523255922
Class I2 Hedged EUR 11.59 0.00 0.00 11-Dec-2024 11.64 10.45 LU1523256144
Class D4G Hedged CHF 7.62 0.00 0.00 11-Dec-2024 8.07 7.50 LU1373034344
Class E2 Hedged EUR 10.90 0.01 0.09 11-Dec-2024 10.94 9.98 LU1062843690
Class A3G EUR 8.51 0.02 0.24 11-Dec-2024 8.58 7.90 LU1238068834
Class A4G USD 8.81 0.00 0.00 11-Dec-2024 9.24 8.39 LU1301847155
Class E9 Hedged EUR 6.91 0.01 0.14 11-Dec-2024 7.04 6.67 LU1294567109
Class D2 Hedged EUR 12.58 0.00 0.00 11-Dec-2024 12.63 11.37 LU1062843344
Class AI2 Hedged EUR 10.78 0.01 0.09 11-Dec-2024 10.82 9.82 LU1960223508
Class A8 Hedged AUD 8.10 0.00 0.00 11-Dec-2024 8.21 7.71 LU0871640123
Class C2 USD 12.76 0.00 0.00 11-Dec-2024 12.81 11.58 LU1005242950
Class A6 Hedged SGD 7.39 0.00 0.00 11-Dec-2024 7.53 7.17 LU0949170426
Class X2 USD 20.49 0.01 0.05 11-Dec-2024 20.57 18.05 LU0784385766
Class D2 Hedged CHF 12.05 0.00 0.00 11-Dec-2024 12.13 11.15 LU1373034187
Class AI5G Hedged EUR 8.03 0.00 0.00 11-Dec-2024 8.15 7.73 LU1960223680
Class A6 Hedged JPY 991.00 1.00 0.10 11-Dec-2024 1’026.00 984.00 LU2655523079
Class A6 USD 8.32 0.00 0.00 11-Dec-2024 8.45 7.92 LU0784384876
Class A6 Hedged EUR 6.46 0.00 0.00 11-Dec-2024 6.58 6.27 LU1133085917
Class A2 Hedged EUR 11.49 0.01 0.09 11-Dec-2024 11.53 10.47 LU0784383399
Class A5G Hedged AUD 8.11 0.00 0.00 11-Dec-2024 8.21 7.78 LU0949170269
Class A2 USD 16.53 0.00 0.00 11-Dec-2024 16.60 14.81 LU0784385840
Class X5G GBP Hedged GBP 9.32 0.01 0.11 11-Dec-2024 9.38 8.76 LU1877504073
Class I5G Hedged EUR 7.53 0.00 0.00 11-Dec-2024 7.62 7.19 LU1129992480
Class E2 EUR 17.70 0.04 0.23 11-Dec-2024 17.77 15.52 LU0813497111
Class D6 USD 9.22 0.00 0.00 11-Dec-2024 9.35 8.69 LU1003077408
Class D6 Hedged GBP 8.39 0.00 0.00 11-Dec-2024 8.51 7.95 LU1791173633
Class A2 EUR 15.74 0.03 0.19 11-Dec-2024 15.80 13.74 LU1162516477
Class A8 Hedged CAD 7.61 0.01 0.13 11-Dec-2024 7.73 7.26 LU1003077580
Class D4G Hedged EUR 7.64 0.00 0.00 11-Dec-2024 8.03 7.33 LU0944772804
Class A4G Hedged EUR 6.69 0.00 0.00 11-Dec-2024 7.05 6.48 LU0784383712
Class E5G Hedged EUR 6.43 0.00 0.00 11-Dec-2024 6.53 6.20 LU0784385501
Class A5G Hedged SGD 7.43 0.00 0.00 11-Dec-2024 7.54 7.16 LU0784384363
Class A8 Hedged GBP 7.71 0.01 0.13 11-Dec-2024 7.82 7.30 LU1003077663
Class D2 USD 17.75 0.01 0.06 11-Dec-2024 17.82 15.76 LU0784385337
Class A8 Hedged NZD 7.83 0.00 0.00 11-Dec-2024 7.95 7.46 LU0949170343
Class X8 Hedged AUD 9.42 0.00 0.00 11-Dec-2024 9.50 8.74 LU1270847269

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. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment CHF 10’000
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
7’990 CHF
-20.1%
5’520 CHF
-11.2%

Unfavourable

What you might get back after costs
Average return each year
7’990 CHF
-20.1%
9’340 CHF
-1.4%

Moderate

What you might get back after costs
Average return each year
9’880 CHF
-1.2%
10’790 CHF
1.5%

Favourable

What you might get back after costs
Average return each year
11’500 CHF
15.0%
12’870 CHF
5.2%

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



Literature

Literature