Multi Asset

BGF Global Allocation 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.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.

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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Reinvestments

This product does not have any distributions data as of now.

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 (%) 4,5 -0,5 4,4 13,4 -9,1 16,4 19,2 6,7 -14,0 14,1
Constraint Benchmark 1 (%) 4,2 -0,8 6,1 15,7 -4,7 18,8 13,3 10,1 -15,6 15,7
Comparator Benchmark 2 (%) 4,8 -1,4 8,6 24,1 -8,8 27,7 16,3 21,0 -17,5 24,2
Comparator Benchmark 3 (%) -0,5 -3,6 1,6 7,5 -0,8 5,9 10,1 -7,0 -18,3 5,2

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

  1y 3y 5y 10y Incept.
11,42 0,56 6,52 5,14 6,08
Constraint Benchmark 1 (%) 9,26 1,29 5,88 5,61 6,22
Comparator Benchmark 2 (%) 18,62 5,66 10,67 9,10 -
Comparator Benchmark 3 (%) -3,81 -7,29 -2,62 -1,19 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2,61 -2,80 1,94 14,28 11,42 1,68 37,11 65,10 98,40
Constraint Benchmark 1 (%) 1,16 -2,99 0,99 13,14 9,26 3,91 33,05 72,67 101,48
Comparator Benchmark 2 (%) 4,67 -3,59 3,72 20,35 18,62 17,94 66,01 139,00 -
Comparator Benchmark 3 (%) -4,95 -2,60 -3,45 3,87 -3,81 -20,32 -12,44 -11,24 -
  From
31.03.2019
To
31.03.2020
From
31.03.2020
To
31.03.2021
From
31.03.2021
To
31.03.2022
From
31.03.2022
To
31.03.2023
From
31.03.2023
To
31.03.2024
Total Return (%)

as of 31.03.2024

-5,02 39,05 -1,52 -4,63 15,67
Constraint Benchmark 1 (%)

as of 31.03.2024

-3,16 30,86 3,13 -6,18 14,12
Comparator Benchmark 2 (%)

as of 31.03.2024

- 55,70 9,66 -6,74 25,15
Comparator Benchmark 3 (%)

as of 31.03.2024

- 1,82 -7,74 -9,55 -0,84

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 PLN, 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 30.05.2024
USD 14 873 996 438
Fund Launch Date
03.01.1997
Fund Base Currency
USD
Constraint Benchmark 1
36% S&P 500, 24% FTSE World (ex.US), 24% ICE BofA ML Cur 5-yr US Treasury, 16% FTSE Non-USD WGBI
Comparator Benchmark 3
FTSE World Government Bond Index (USD)
Initial Charge
5,00%
ISIN
LU0827880427
Performance Fee
0,00%
Minimum Subsequent Investment
PLN 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGGAD2P
Share Class launch date
20.09.2012
Share Class Currency
PLN
Asset Class
Multi Asset
Comparator Benchmark 2
FTSE World Index
SFDR Classification
Other
Ongoing Charges Figures
1,01%
Annual Management Fee
0,75%
Minimum Initial Investment
PLN 100000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Allocation
Dealing Frequency
Daily, forward pricing basis
SEDOL
B7X2CL6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30.04.2024
1217
P/E Ratio
18,32
Effective Duration
as of 30.04.2024
1,64
Effective Duration Fixed Income and Cash
as of 30.04.2024
4,34
3y Beta
as of 30.04.2024
0,858
Average Market Cap (Millions)
as of 30.04.2024
USD 474 597,00
Effective Duration Fixed Income
as of 30.04.2024
5,93

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.

The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of 19.05.2024
A
MSCI ESG Quality Score (0-10)
as of 19.05.2024
6,65
Fund Lipper Global Classification
as of 19.05.2024
Mixed Asset USD Bal - Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 19.05.2024
111,14
MSCI ESG % Coverage
as of 19.05.2024
88,79
MSCI ESG Quality Score - Peer Percentile
as of 19.05.2024
68,40
Funds in Peer Group
as of 19.05.2024
269
MSCI Weighted Average Carbon Intensity % Coverage
as of 19.05.2024
64,62
All data is from MSCI ESG Fund Ratings as of 19.05.2024, based on holdings as of 31.12.2023. 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% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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.

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 30.04.2024
0,07%
MSCI - Nuclear Weapons
as of 30.04.2024
0,06%
MSCI - Civilian Firearms
as of 30.04.2024
0,00%
MSCI - Tobacco
as of 30.04.2024
0,02%
MSCI - UN Global Compact Violators
as of 30.04.2024
0,09%
MSCI - Thermal Coal
as of 30.04.2024
0,42%
MSCI - Oil Sands
as of 30.04.2024
0,41%

Business Involvement Coverage
as of 30.04.2024
71,57%
Percentage of Fund not covered
as of 30.04.2024
28,43%
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 0,82% and for Oil Sands 2,79%.

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 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 Global Allocation Investment Team believes that a company's ability to manage material environmental, social and governance (ESG) issues may be relevant to the company's ability to sustain growth and generate value for shareholders over the long term, and thus ESG performance indicators are considered as part of the investment process. The team analyzes ESG data when conducting research and due diligence on new investments, and when monitoring existing investments within the portfolio. The team's ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion, where appropriate, 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

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

Ratings

Holdings

Holdings

as of 30.04.2024
Name Weight (%)
MICROSOFT CORP 2,90
NVIDIA CORP 2,14
AMAZON COM INC 1,80
APPLE INC 1,48
ALPHABET INC CLASS C 1,46
Name Weight (%)
MASTERCARD INC CLASS A 1,06
BAE SYSTEMS PLC 0,96
JPMORGAN CHASE & CO 0,96
ASML HOLDING NV 0,96
UNITEDHEALTH GROUP INC 0,70
as of 30.04.2024
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 2.3 02/15/2033 1,92
TREASURY NOTE 4.125 07/31/2028 1,30
UK CONV GILT 1.25 07/22/2027 1,26
AUSTRALIA (COMMONWEALTH OF) 1 11/21/2031 1,16
GERMANY (FEDERAL REPUBLIC OF) 1.7 08/15/2032 1,11
Name Weight (%)
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 0,97
TREASURY NOTE 4 06/30/2028 0,81
TREASURY NOTE 4.875 10/31/2028 0,64
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2024 0,53
TREASURY NOTE 5 09/30/2025 0,49
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30.04.2024

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of 30.04.2024

% of Net Assets

Type Fund Benchmark Net
as of 30.04.2024

% of Market Value

Type Fund Benchmark Net
as of 30.04.2024

% of Market Value

Type Fund Benchmark Net
as of 30.04.2024

% 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.


% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 Hedged PLN 24,15 -0,06 -0,25 30.05.2024 24,43 20,58 LU0827880427
Class A9 Hedged SGD 8,89 -0,02 -0,22 30.05.2024 9,05 7,78 LU2354320645
Class A9 Hedged AUD 8,76 -0,02 -0,23 30.05.2024 8,91 7,65 LU2354320728
Class A10 Hedged EUR 10,19 -0,03 -0,29 30.05.2024 10,38 9,02 LU2637965786
Class A10 Hedged CNH 100,36 -0,30 -0,30 30.05.2024 102,62 89,78 LU2637965604
Class A10 Hedged AUD 10,09 -0,03 -0,30 30.05.2024 10,31 8,99 LU2637965869
Class A10 Hedged SGD 10,14 -0,02 -0,20 30.05.2024 10,35 9,00 LU2637965513
Class A10 USD 10,27 -0,03 -0,29 30.05.2024 10,46 9,05 LU2637965356
Class D2 Hedged EUR 48,99 -0,14 -0,28 30.05.2024 49,60 42,09 LU0329591480
Class A4 Hedged EUR 39,76 -0,11 -0,28 30.05.2024 40,27 34,31 LU0240613025
Class X2 EUR 93,29 -0,17 -0,18 30.05.2024 94,17 80,54 LU0984173384
Class A2 Hedged GBP 36,94 -0,10 -0,27 30.05.2024 37,38 31,62 LU0236177068
Class X2 Hedged JPY 1 402,00 -4,00 -0,28 30.05.2024 1 423,00 1 224,00 LU1445720094
Class A10 Hedged HKD 102,10 -0,28 -0,27 30.05.2024 104,18 90,31 LU2637965430
Class D2 USD 86,27 -0,23 -0,27 30.05.2024 87,29 73,29 LU0329592538
Class A2 Hedged EUR 43,27 -0,12 -0,28 30.05.2024 43,82 37,34 LU0212925753
Class A10 Hedged ZAR 102,02 -0,26 -0,25 30.05.2024 104,08 90,13 LU2637965943
Class X4 USD 16,51 -0,04 -0,24 30.05.2024 16,70 13,94 LU0953392981
Class D4 GBP 58,27 -0,15 -0,26 30.05.2024 59,35 51,92 LU1852330908
Class A2 EUR 70,36 -0,13 -0,18 30.05.2024 71,05 61,35 LU0171283459
Class A9 USD 9,22 -0,02 -0,22 30.05.2024 9,35 7,97 LU2354320561
Class X10 USD 11,07 -0,03 -0,27 30.05.2024 11,26 9,96 LU2699150301
Class A4 EUR 67,66 -0,12 -0,18 30.05.2024 68,32 58,99 LU0408221512
Class A2 Hedged SGD 17,10 -0,05 -0,29 30.05.2024 17,32 14,76 LU0308772762
Class X2 USD 101,04 -0,27 -0,27 30.05.2024 102,19 85,35 LU0328507826
Class A2 Hedged AUD 21,02 -0,06 -0,28 30.05.2024 21,28 18,11 LU0468326631
Class D4 EUR 68,50 -0,13 -0,19 30.05.2024 69,16 59,47 LU0827880005
Class I2 EUR 80,22 -0,15 -0,19 30.05.2024 80,99 69,56 LU1653088838
Class X2 Hedged EUR 14,68 -0,04 -0,27 30.05.2024 14,86 12,54 LU0260352280
Class D2 Hedged CHF 14,99 -0,04 -0,27 30.05.2024 15,21 13,04 LU0827880260
Class A2 Hedged PLN 22,12 -0,05 -0,23 30.05.2024 22,38 18,93 LU0480534592
Class D2 EUR 79,65 -0,15 -0,19 30.05.2024 80,42 69,15 LU0523293024
Class X2 Hedged AUD 26,61 -0,07 -0,26 30.05.2024 26,92 22,69 LU0525289509
Class A2 Hedged CHF 13,72 -0,04 -0,29 30.05.2024 13,94 11,99 LU0343169966
Class A2 HUF 27 378,02 70,79 0,26 30.05.2024 28 036,34 23 182,42 LU0566074125
Class A4 USD 73,28 -0,19 -0,26 30.05.2024 74,16 62,53 LU0724617625
Class D2 Hedged GBP 40,29 -0,10 -0,25 30.05.2024 40,76 34,34 LU0827880344
Class D2 Hedged SGD 18,77 -0,05 -0,27 30.05.2024 19,01 16,12 LU0827880690
Class I2 USD 86,89 -0,23 -0,26 30.05.2024 87,90 73,72 LU0368249560
Class D2 Hedged AUD 22,94 -0,06 -0,26 30.05.2024 23,22 19,68 LU0827880187
Class D4 Hedged EUR 40,23 -0,11 -0,27 30.05.2024 40,72 34,56 LU0827880773
Class A2 Hedged CNH 171,84 -0,50 -0,29 30.05.2024 174,14 148,90 LU1062906877
Class I2 Hedged EUR 48,85 -0,13 -0,27 30.05.2024 49,45 41,91 LU0368231949
Class I2 Hedged SGD 18,78 -0,05 -0,27 30.05.2024 19,01 16,15 LU0810842038
Class A2 Hedged HKD 17,70 -0,05 -0,28 30.05.2024 17,92 15,19 LU0788109477
Class A2 USD 76,21 -0,20 -0,26 30.05.2024 77,13 65,03 LU0072462426

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

David Clayton
Managing Director

David Clayton, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and Head of Fundamental Security Selection.

Russ Koesterich
Managing Director

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

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 PLN 40 000
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
28 020 PLN
-29,9%
18 040 PLN
-14,7%

Unfavourable

What you might get back after costs
Average return each year
31 340 PLN
-21,6%
38 050 PLN
-1,0%

Moderate

What you might get back after costs
Average return each year
39 680 PLN
-0,8%
48 210 PLN
3,8%

Favourable

What you might get back after costs
Average return each year
52 840 PLN
32,1%
60 580 PLN
8,7%

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.