Multi Asset

BGF Global Multi-Asset Income 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.

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

Performance chart data not available for display.
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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 3,9 -2,4 4,9 7,7 -6,0 12,7 5,6 5,6 -13,8 8,5
Constraint Benchmark 1 (%) 6,3 0,3 5,9 12,4 -3,4 17,8 11,5 9,8 -14,4 15,3

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
4,18 -0,46 2,59 2,52 3,22
Constraint Benchmark 1 (%) 10,73 3,14 6,49 5,90 6,72
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0,17 0,17 10,04 3,82 4,18 -1,37 13,63 28,29 44,46
Constraint Benchmark 1 (%) 0,50 0,50 11,27 4,63 10,73 9,71 36,92 77,35 112,59
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of 31.Dec2023

12,70 5,61 5,62 -13,79 8,49
Constraint Benchmark 1 (%)

as of 31.Dec2023

17,82 11,46 9,78 -14,45 15,34

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 HKD, 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 28.Feb2024 USD 4.656.365.152
Share Class launch date 28.Jun2012
Fund Launch Date 28.Jun2012
Share Class Currency HKD
Fund Base Currency USD
Asset Class Multi Asset
Constraint Benchmark 1 50% MSCIWLDNET / 50% LGAINXUSDH Index (USD)
SFDR Classification Other
Initial Charge 5,00%
Ongoing Charges Figures 1,76%
ISIN LU0784385170
Annual Management Fee 1,50%
Performance Fee 0,00%
Minimum Initial Investment HKD 5.000,00
Minimum Subsequent Investment HKD 1.000,00
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category USD Moderate Allocation
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGMAA6H
SEDOL B7F3C40

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31.Jan2024 3.172
12 Month Trailing Dividend Distribution Yield as of 31.Jan2024 5,93%
Standard Deviation (3y) as of 31.Jan2024 8,89%
3y Beta as of - -
P/E Ratio as of 31.Jan2024 12,87
P/B Ratio as of 31.Jan2024 1,48
Yield to Maturity as of 31.Jan2024 9,78%
Modified Duration as of 31.Jan2024 2,86
Effective Duration as of 31.Jan2024 2,26
Weighted Avg Maturity as of 31.Jan2024 3,47

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or 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. Where appropriate, 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 Labeling

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 31.Jan2024
Name Weight (%)
ISH MSCI USA Qty Div ESG UCITS ETF 3,14
ISHARES $ HIGH YIELD CRP BND ETF $ 2,02
ISH US MBS ETF USD DIST 1,13
BGF USD HIGH YIELD BD X6 USD 0,90
TAIWAN SEMICONDUCTOR MANUFACTURING 0,58
Name Weight (%)
MICROSOFT CORP 0,42
MSFT CITIGROUP INC 13.723/11/2024 0,35
SANOFI SA 0,32
AAPL BNP PARIBAS SA 9.511/31/2024 0,30
AAPL NOMURA AMERICA FINANCE LLC 10.853/19/2024 0,30
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 31.Jan2024

% of Market Value

Type Fund Benchmark Net
as of 31.Jan2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
as of 31.Jan2024

% 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 HKD 76,27 -0,10 -0,13 28.Feb2024 77,04 70,42 LU0784385170
Class D6 Hedged SGD 9,61 -0,01 -0,10 28.Feb2024 9,70 8,87 LU2472302624
Class I2 Hedged EUR 10,79 -0,02 -0,19 28.Feb2024 10,83 9,78 LU1523256144
Class I2 USD 13,73 -0,02 -0,15 28.Feb2024 13,78 12,36 LU1523255922
Class A5G USD 8,72 -0,01 -0,11 28.Feb2024 8,75 8,00 LU0784383803
Class A3G EUR 8,06 0,00 0,00 28.Feb2024 8,15 7,59 LU1238068834
Class A4G USD 8,68 -0,01 -0,12 28.Feb2024 8,83 7,84 LU1301847155
Class A8 Hedged CNH 81,39 -0,10 -0,12 28.Feb2024 82,03 75,02 LU1257007564
Class A6 Hedged JPY 1.008,00 -1,00 -0,10 28.Feb2024 1.026,00 946,00 LU2655523079
Class D4G Hedged CHF 7,70 -0,01 -0,13 28.Feb2024 8,00 7,04 LU1373034344
Class A6 Hedged CHF 10,16 -0,01 -0,10 28.Feb2024 10,31 9,49 LU2655523152
Class D2 Hedged CHF 11,46 -0,01 -0,09 28.Feb2024 11,49 10,47 LU1373034187
Class D2 Hedged EUR 11,73 -0,01 -0,09 28.Feb2024 11,77 10,63 LU1062843344
Class A2 Hedged CHF 10,70 -0,01 -0,09 28.Feb2024 10,75 9,81 LU0784383472
Class A4G Hedged CHF 7,18 -0,01 -0,14 28.Feb2024 7,50 6,59 LU1373034260
Class A8 Hedged AUD 7,89 0,00 0,00 28.Feb2024 7,95 7,27 LU0871640123
Class X2 USD 18,74 -0,02 -0,11 28.Feb2024 18,80 16,83 LU0784385766
Class A6 Hedged EUR 6,39 -0,01 -0,16 28.Feb2024 6,48 5,93 LU1133085917
Class A6 USD 8,11 -0,01 -0,12 28.Feb2024 8,18 7,47 LU0784384876
Class A2 USD 15,32 -0,02 -0,13 28.Feb2024 15,37 13,84 LU0784385840
Class A2 Hedged EUR 10,79 -0,01 -0,09 28.Feb2024 10,82 9,81 LU0784383399
Class D2 USD 16,34 -0,02 -0,12 28.Feb2024 16,39 14,71 LU0784385337
Class A5G Hedged SGD 7,33 -0,01 -0,14 28.Feb2024 7,42 6,76 LU0784384363
Class A4G Hedged EUR 6,68 -0,01 -0,15 28.Feb2024 6,88 6,07 LU0784383712
Class I5G Hedged EUR 7,35 -0,01 -0,14 28.Feb2024 7,39 6,76 LU1129992480
Class D6 USD 8,92 -0,01 -0,11 28.Feb2024 8,98 8,19 LU1003077408
Class D4G Hedged EUR 7,57 -0,01 -0,13 28.Feb2024 7,76 6,86 LU0944772804
Class A8 Hedged CAD 7,43 -0,01 -0,13 28.Feb2024 7,49 6,85 LU1003077580
Class A8 Hedged GBP 7,49 -0,01 -0,13 28.Feb2024 7,53 6,88 LU1003077663
Class X5G GBP Hedged GBP 8,95 -0,01 -0,11 28.Feb2024 8,98 8,18 LU1877504073
Class A6 Hedged SGD 7,31 -0,01 -0,14 28.Feb2024 7,39 6,78 LU0949170426
Class A2 EUR 14,15 0,00 0,00 28.Feb2024 14,20 12,97 LU1162516477
Class X8 Hedged AUD 8,99 -0,01 -0,11 28.Feb2024 9,02 8,22 LU1270847269
Class A8 Hedged NZD 7,64 -0,01 -0,13 28.Feb2024 7,69 7,03 LU0949170343
Class A5G Hedged AUD 7,96 -0,01 -0,13 28.Feb2024 8,05 7,34 LU0949170269
Class D6 Hedged GBP 8,15 -0,01 -0,12 28.Feb2024 8,20 7,49 LU1791173633

Portfolio Managers

Portfolio Managers

Alex Shingler
CFA, Managing Director

  

Justin Christofel
CFA, CAIA, Managing Director

  

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 HKD 100.000
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
72.180 HKD
-27,8%
54.920 HKD
-11,3%

Unfavourable

What you might get back after costs
Average return each year
79.330 HKD
-20,7%
88.740 HKD
-2,4%

Moderate

What you might get back after costs
Average return each year
97.230 HKD
-2,8%
107.250 HKD
1,4%

Favourable

What you might get back after costs
Average return each year
114.950 HKD
15,0%
124.960 HKD
4,6%

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



Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.