Multi Asset

BlackRock ESG Multi-Asset Fund

IMPORTANT:
• Use of environmental, social and governance (“ESG”) criteria as the investing principles may impact the Fund’s performance. Reliance on third party data may lead to incorrect evaluation of a security or issuer based on ESG criteria. There may is also be a risk of incorrectly applying the relevant ESG criteria on the Fund. 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. 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 non-Investment grade and unrated bond risks, securities lending counterparty risk, risks relating to Total Return Swap, risks relating to Contracts for Differences, liquidity risk and contingent convertible bonds risk.
• Class 8 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion and include interest rate differentials arising from share class currency hedging. Negative interest rate differentials may decrease the dividends paid. Paying dividends gross of expenses may result in more income being available for distribution; however these shares may effectively pay dividends from capital – may amount to a partial return or withdrawal of an investor’s original investment or capital gains. All declared dividends result in an immediate reduction in the NAV price of the share class on the ex-dividend date.
• The Fund may use derivatives for hedging and extensively for investment purposes. Risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The Fund’s volatility may increase or decrease from its derivative usage, and may suffer losses.
• 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.
7.65 5.82 5.07 4.84 2.43
Benchmark (%)

as of 30-Sep-2020

3.23 5.91 6.09 7.12 4.79
  YTD 6m 1y 3y 5y 10y Incept.
5.92 12.96 7.65 18.50 28.04 60.47 68.66
Benchmark (%)

as of 30-Sep-2020

1.57 10.74 3.23 18.79 34.39 98.91 176.29
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 23-Oct-2020 EUR 1,315.282 M
Base Currency EUR
Fund Inception 04-Jan-1999
Share Class Currency EUR
Share Class Inception Date 04-Jan-1999
Additional Currencies SGD, USD
Asset Class Multi Asset
Morningstar Category EUR Moderate Allocation - Global
Benchmark Index Composite (50% MSCI World Index; 50% FTSE World Government Bond Euro Hedged Index)
Distribution Frequency Non-Distributing
ISIN LU0093503497
Bloomberg Ticker MEREGBI
Management Fee (incl Distribution Fee, if any) 1.20%
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 22.71
Average Market Cap (Millions) as of 30-Sep-2020 EUR 174,229.1 M
Modified Duration as of 30-Sep-2020 3.25 yrs
12M Trailing Distribution as of - -
3y Volatility as of 30-Sep-2020 8.16
3y Volatility - Benchmark as of 30-Sep-2020 7.62
3y Beta as of 30-Sep-2020 1.009
5yr Volatility as of 30-Sep-2020 7.56
5y Volatility - Benchmark as of 30-Sep-2020 6.71
5y Beta as of 30-Sep-2020 1.053
Since Class Inception – Volatility as of 30-Sep-2020 8.90
Since Class Inception Volatility – Benchmark as of 30-Sep-2020 7.97
Since Class Inception - Beta as of 30-Sep-2020 1.02

Ratings

Ratings

Morningstar Rating

5
As of 30-Sep-2020
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Sep-2020
Name Weight (%)
TREASURY NOTE 1.5 02/15/2030 4.80
ITALY (REPUBLIC OF) 1.35 04/01/2030 4.52
ISH MSCI USA SRI ETF USD ACC 4.23
MICROSOFT CORP 3.56
TREASURY NOTE 0.125 07/31/2022 2.35
Name Weight (%)
ISHARES PHYSICAL GOLD 2.14
STARWOOD EUROPEAN REAL ESTATE FINA 2.13
TRIPLE POINT SOCIAL HOUSING REIT P 1.65
ISHARES $ HIGH YIELD CORP BO USDHA 1.45
GERMANY (FEDERAL REPUBLIC OF) 1.25 08/15/2048 1.39
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
Due to the use of derivatives, reported asset allocation may not be fully reflective of the risk profile of the fund’s market exposure. Allocations subject to change.
Sorry, markets/regions are not available at this time.
Sorry, markets/regions are not available at this time.
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.
Sorry, sectors are not available at this time.
Sorry, sectors are not available at this time.
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 EUR Non-Distributing 17.30 0.00 0.00 23-Oct-2020 17.56 14.14 LU0093503497
D2 Hedged USD Non-Distributing 47.53 0.01 0.02 23-Oct-2020 48.23 38.46 LU0827879924
A2 Hedged SGD - 10.73 0.00 0.00 23-Oct-2020 10.89 8.75 LU2077746001
D2 EUR Non-Distributing 18.69 0.01 0.05 23-Oct-2020 18.97 15.23 LU0473185139
C2 EUR Non-Distributing 14.44 0.01 0.07 23-Oct-2020 14.66 11.89 LU0147384282
A8 Hedged SGD Monthly 10.43 0.00 0.00 23-Oct-2020 10.60 8.68 LU2092937148
A8 Hedged USD Monthly 10.49 0.00 0.00 23-Oct-2020 10.66 8.70 LU2092627202
C2 HEDGED USD Non-Distributing 34.30 0.01 0.03 23-Oct-2020 34.82 28.05 LU0494093544
A2 Hedged USD Non-Distributing 44.94 0.01 0.02 23-Oct-2020 45.61 36.48 LU0494093205

Portfolio Managers

Portfolio Managers

Jason Byrom
Jason Byrom
Conan McKenzie
Conan McKenzie

Documents

Documents