Multi Asset

BlackRock Global Allocation Fund

IMPORTANT:
• The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. The Fund may invest in assets denominated in various currencies. Changes in exchange rates and currency controls may affect the value of the Fund's assets. The Fund invests in certain emerging markets and may be subject to political, tax, economic, social and foreign exchange risks. An increase in interest rates may adversely affect the value of the bonds held by the Fund. The Fund invests in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default or other risks.
• The Fund is subject to foreign investments restrictions risk, non-Investment grade and unrated bond risks, smaller companies’ volatility and liquidity risks, securities lending counterparty risk, currency conversion risk including Renminbi denominated Classes and contingent convertible bonds risk.
• The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
• The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
• Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.

Overview

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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

Performance

Performance

Chart

Performance chart data not available for display.
View Charts & Calendar Year Performance
  1y 3y 5y 10y Incept.
11.15 2.70 4.28 3.63 4.06
  YTD 6m 1y 3y 5y 10y Incept.
5.82 21.61 11.15 8.33 23.29 42.79 84.99
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

Key Facts

Key Facts

Size of Fund (Millions) as of 27-Oct-2020 USD 14,010.185 M
Base Currency USD
Fund Inception 03-Jan-1997
Share Class Currency EUR
Share Class Inception Date 22-Apr-2005
Additional Currencies AUD, CHF, GBP, HKD, HUF, PLN, RMB, SGD, USD
Asset Class Multi Asset
Morningstar Category EUR Moderate Allocation - Global
Benchmark Index 36% S&P 500 Index, 24% FTSE World Index (Ex-US), 24% ICE BofAML Current 5Yr US Treasury Index, 16% FTSE Non-USD World Govt Bond Index
Distribution Frequency Non-Distributing
ISIN LU0212925753
Bloomberg Ticker MGHMLA2
Management Fee (incl Distribution Fee, if any) 1.50%
Initial Charge 5.00%
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 30-Sep-2020 21.08
Average Market Cap (Millions) as of 30-Sep-2020 USD 312,922.8 M
Effective Duration as of 30-Sep-2020 2.50
Effective Duration Fixed Income as of 30-Sep-2020 10.02
Effective Duration Fixed Income and Cash as of 30-Sep-2020 7.19

Ratings

Ratings

Morningstar Rating

4
As of 30-Sep-2020
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Sep-2020
Name Weight (%)
APPLE INC 2.13
MICROSOFT CORP 2.04
AMAZON COM INC 1.97
ALPHABET INC CLASS C 1.39
UNITEDHEALTH GROUP INC 1.01
Name Weight (%)
SIEMENS N AG 0.93
MASTERCARD INC CLASS A 0.90
TAIWAN SEMICONDUCTOR MANUFACTURING 0.90
UNION PACIFIC CORP 0.89
COMCAST CORP CLASS A 0.85
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
as of 30-Sep-2020
Name Weight (%)
WI TREASURY (CPI) NOTE 0.125 04/15/2025 3.58
TREASURY NOTE 1.75 11/15/2029 1.98
ISHARES $ HIGH YIELD CRP BND ETF $ 1.89
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 1.36
TREASURY (CPI) NOTE 0.125 10/15/2024 1.29
Name Weight (%)
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.87
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.80
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.73
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.69
ITALY (REPUBLIC OF) 0.95 08/01/2030 0.64
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
Sorry, markets/regions are not available at this time.
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the geography where the issuer of the securities carries out much of their business. “Others” excluded from the chart above.
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing

Pricing

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 Hedged EUR Non-Distributing 40.50 -0.09 -0.22 27-Oct-2020 41.55 30.28 LU0212925753
D2 Hedged CHF Non-Distributing 14.06 -0.03 -0.21 27-Oct-2020 14.42 10.46 LU0827880260
C2 HEDGED EUR Non-Distributing 30.70 -0.07 -0.23 27-Oct-2020 31.51 23.12 LU0212926058
D2 EUR Non-Distributing 61.53 -0.21 -0.34 27-Oct-2020 63.50 49.64 LU0523293024
D4 EUR Annually 54.57 -0.18 -0.33 27-Oct-2020 56.57 44.22 LU0827880005
A4 USD Annually 64.19 -0.14 -0.22 27-Oct-2020 65.83 47.51 LU0724617625
D2 Hedged SGD Non-Distributing 16.42 -0.03 -0.18 27-Oct-2020 16.83 12.15 LU0827880690
A2 Hedged RMB Non-Distributing 151.26 -0.30 -0.20 27-Oct-2020 154.91 110.83 LU1062906877
A2 Hedged AUD Non-Distributing 19.22 -0.04 -0.21 27-Oct-2020 19.72 14.33 LU0468326631
A4 HEDGED EUR Annually 37.63 -0.08 -0.21 27-Oct-2020 38.61 28.13 LU0240613025
A2 Hedged HKD Non-Distributing 15.76 -0.03 -0.19 27-Oct-2020 16.16 11.65 LU0788109477
D2 Hedged AUD Non-Distributing 20.42 -0.05 -0.24 27-Oct-2020 20.94 15.16 LU0827880187
D2 Hedged GBP Non-Distributing 35.33 -0.07 -0.20 27-Oct-2020 36.22 26.19 LU0827880344
C2 USD Non-Distributing 50.01 -0.11 -0.22 27-Oct-2020 51.31 37.29 LU0147395726
A2 HUF Non-Distributing 20,411.26 -22.34 -0.11 27-Oct-2020 20,921.39 15,897.45 LU0566074125
A2 Hedged PLN Non-Distributing 18.72 -0.04 -0.21 27-Oct-2020 19.21 13.93 LU0480534592
A2 USD Non-Distributing 66.02 -0.14 -0.21 27-Oct-2020 67.71 48.87 LU0072462426
D2 Hedged PLN Non-Distributing 19.89 -0.05 -0.25 27-Oct-2020 20.41 14.73 LU0827880427
D4 Hedged EUR Annually 37.81 -0.08 -0.21 27-Oct-2020 38.78 28.27 LU0827880773
A2 Hedged CHF Non-Distributing 13.22 -0.03 -0.23 27-Oct-2020 13.57 9.88 LU0343169966
C2 EUR Non-Distributing 42.30 -0.14 -0.33 27-Oct-2020 44.25 34.53 LU0331284793
A4 EUR Annually 54.29 -0.18 -0.33 27-Oct-2020 56.31 43.99 LU0408221512
A2 Hedged GBP Non-Distributing 33.27 -0.07 -0.21 27-Oct-2020 34.12 24.78 LU0236177068
A2 Hedged SGD Non-Distributing 15.37 -0.03 -0.19 27-Oct-2020 15.76 11.43 LU0308772762
D2 Hedged EUR Non-Distributing 44.63 -0.10 -0.22 27-Oct-2020 45.78 33.22 LU0329591480
D2 USD Non-Distributing 72.76 -0.15 -0.21 27-Oct-2020 74.60 53.61 LU0329592538
D4 GBP Non-Distributing 49.46 -0.27 -0.54 27-Oct-2020 50.91 40.98 LU1852330908
A2 EUR Non-Distributing 55.84 -0.18 -0.32 27-Oct-2020 57.92 45.24 LU0171283459

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
David Clayton
David Clayton
Russ Koesterich
Russ Koesterich

Documents

Documents