Multi Asset

BlackRock Global Multi-Asset Income Fund

IMPORTANT:
• The Fund's income-generating investment strategy may reduce the potential for capital growth and future income of 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. 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 may invest in non-investment grade and unrated bonds that may be subject to higher default, volatility and liquidity risks. 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, securities lending counterparty risk, risks associated with investments in asset/ mortgage backed securities, currency conversion risk including Renminbi denominated Classes, liquidity risk and contingent convertible bonds risk.
• Class 3(G), Class 4(G) and Class 5(G) Shares pay dividends gross of expenses. Class 6 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. 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 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.
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Distributions

Record Date Ex-Date Payable Date
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  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 5.72 4.14 -2.41 5.34 8.68 -4.94 13.45 5.53 5.77 -13.14
  1y 3y 5y 10y Incept.
-6.53 0.20 1.54 2.77 3.59
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.45 4.45 7.12 1.38 -6.53 0.61 7.96 31.42 45.27
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

Net Assets of Fund as of 07-Feb-2023 USD 5,362,504,648
Share Class Inception Date 28-Jun-2012
Fund Inception 28-Jun-2012
Share Class Currency USD
Fund Base Currency USD
Asset Class Multi Asset
Benchmark -
SFDR Classification Other
Initial Charge 5.00%
Management Fee (incl Distribution Fee, if any) 1.50%
Performance Fee 0.00%
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Distribution Frequency Monthly
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 BGMAIA6
ISIN LU0784384876
SEDOL B4Z9P48
SFC-authorised ESG fund No
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Jan-2023 3503
12M Trailing Distribution as of 31-Jan-2023 5.74%
Standard Deviation (3y) as of 31-Jan-2023 10.66%
P/E Ratio as of 31-Jan-2023 9.92
P/B Ratio as of 31-Jan-2023 2.85
Yield to Maturity as of 31-Jan-2023 8.19
Modified Duration as of 31-Jan-2023 2.89 yrs
Effective Duration as of 31-Jan-2023 2.08
Weighted Avg Maturity as of 31-Jan-2023 4.80

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG 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. 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.

Ratings

Ratings

Morningstar Rating

3 stars
As of 31-Jan-2023
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 31-Jan-2023
Name Weight (%)
ISHARES CORE S&P 500 UCITS ETF (DI 4.44
ISHARES $ HIGH YIELD CRP BND ETF $ 1.82
ISH US MBS ETF USD DIST 1.47
ISHARES $ CORPORATE BOND UCITS ETF 1.24
TREASURY NOTE 4.25 09/30/2024 0.92
Name Weight (%)
BGF USD HIGH YIELD BD X6 USD 0.71
TAIWAN SEMICONDUCTOR MANUFACTURING 0.43
CITIGROUP INC 5 12/31/2049 0.34
STATE STREET CORP 5.769 06/15/2037 0.29
SANOFI SA 0.28
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

Sorry, sectors are not available at this time.
Sorry, markets/regions are not available at this time.
as of 31-Jan-2023

% of Weight

Type Fund
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 31-Jan-2023

% of Weight

Type Fund
Allocations subject to change. Due to rounding, the total may not be equal to 100%.
Sorry, maturities are not available at this time.
as of 31-Jan-2023

% of Weight

Type Fund
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 & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
A6 USD Monthly 8.19 0.02 0.24 08-Feb-2023 9.31 7.53 LU0784384876 -
C6 USD Monthly 8.20 -0.02 -0.24 07-Feb-2023 9.32 7.55 LU1023056556 -
D6 Hedged SGD Monthly 9.74 -0.02 -0.20 07-Feb-2023 10.18 8.96 LU2472302624 -
D2 Hedged EUR Non-Distributing 11.33 0.03 0.27 08-Feb-2023 12.42 10.30 LU1062843344 -
C2 USD Non-Distributing 11.49 -0.03 -0.26 07-Feb-2023 12.52 10.43 LU1005242950 -
D4 Hedged CHF Annually 8.06 0.02 0.25 08-Feb-2023 9.35 7.36 LU1373034344 -
A4 USD Annually 8.75 0.02 0.23 08-Feb-2023 9.90 7.89 LU1301847155 -
D2 Hedged CHF Non-Distributing 11.30 0.03 0.27 08-Feb-2023 12.43 10.31 LU1373034187 -
A2 Hedged CHF Non-Distributing 10.66 0.03 0.28 08-Feb-2023 11.83 9.75 LU0784383472 -
A4 HEDGED CHF Annually 7.59 0.02 0.26 08-Feb-2023 8.88 6.95 LU1373034260 -
A5 USD Quarterly 8.79 -0.03 -0.34 07-Feb-2023 9.97 8.06 LU0784383803 -
A6 Hedged HKD Monthly 78.16 0.21 0.27 08-Feb-2023 89.56 72.02 LU0784385170 -
A8 Hedged AUD Monthly 7.94 -0.02 -0.25 07-Feb-2023 9.13 7.34 LU0871640123 -
A2 USD Non-Distributing 14.59 0.04 0.27 08-Feb-2023 15.65 13.15 LU0784385840 -
A2 Hedged EUR Non-Distributing 10.52 0.03 0.29 08-Feb-2023 11.64 9.59 LU0784383399 -
A6 Hedged EUR Monthly 6.62 -0.01 -0.15 07-Feb-2023 7.78 6.17 LU1133085917 -
A4 HEDGED EUR Annually 6.89 -0.01 -0.14 07-Feb-2023 8.06 6.29 LU0784383712 -
A8 Hedged CNH Monthly 83.29 0.22 0.26 08-Feb-2023 96.33 77.43 LU1257007564 -
A3 EUR Monthly 8.24 -0.01 -0.12 08-Feb-2023 8.95 7.92 LU1238068834 -
D2 USD Non-Distributing 15.36 -0.04 -0.26 07-Feb-2023 16.38 13.85 LU0784385337 -
A5 HEDGED SGD Quarterly 7.55 0.02 0.27 08-Feb-2023 8.61 6.92 LU0784384363 -
A8 Hedged NZD Monthly 7.66 0.02 0.26 08-Feb-2023 8.77 7.06 LU0949170343 -
D6 USD Monthly 8.90 -0.02 -0.22 07-Feb-2023 10.04 8.18 LU1003077408 -
A6 Hedged SGD Monthly 7.54 0.02 0.27 08-Feb-2023 8.64 6.95 LU0949170426 -
A5 HEDGED AUD Quarterly 8.20 0.02 0.24 08-Feb-2023 9.44 7.54 LU0949170269 -
A8 Hedged CAD Monthly 7.51 -0.02 -0.27 07-Feb-2023 8.59 6.92 LU1003077580 -
A8 Hedged GBP Monthly 7.47 -0.02 -0.27 07-Feb-2023 8.60 6.90 LU1003077663 -
D4 Hedged EUR Annually 7.73 -0.02 -0.26 07-Feb-2023 8.96 7.05 LU0944772804 -
D6 Hedged GBP Monthly 8.23 0.02 0.24 08-Feb-2023 9.41 7.59 LU1791173633 -
A2 EUR Non-Distributing 13.60 -0.02 -0.15 08-Feb-2023 14.39 13.02 LU1162516477 -
Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

Michael Fredericks
Michael Fredericks
Justin Christofel
Justin Christofel
Alex Shingler
Alex Shingler

Documents

Documents