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.
View Charts & Calendar Year Performance

Distributions

Ex-Date Distribution
View full table
  1y 3y 5y 10y Incept.
-0.03 2.10 3.55 - 3.75
  YTD 6m 1y 3y 5y 10y Incept.
-1.83 5.34 -0.03 6.43 19.06 - 20.49
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-Nov-2020 USD 6,550.044 M
Base Currency USD
Fund Inception 28-Jun-2012
Share Class Currency USD
Share Class Inception Date 07-Oct-2015
Additional Currencies AUD, CAD, CHF, EUR, GBP, HKD, NZD, RMB, SGD
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
Distribution Frequency Annually
ISIN LU1301847155
Bloomberg Ticker BGMA4GU
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-Oct-2020 11.34
Average Market Cap (Millions) as of 30-Oct-2020 USD 156,975.4 M
Modified Duration as of 30-Oct-2020 2.82 yrs
12M Trailing Distribution as of 31-Oct-2020 5.34%
3y Volatility as of 31-Oct-2020 7.90
5yr Volatility as of 31-Oct-2020 6.60
Since Class Inception – Volatility as of 31-Oct-2020 6.60
Since Class Inception - Beta as of - -

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Oct-2020
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 5.05
BGF USD HIGH YIELD BD X6 USD 1.09
ISHARES JPM EM LCAL GVT BD ETF DST 0.51
TAIWAN SEMICONDUCTOR MANUFACTURING 0.42
TENCENT HOLDINGS LTD 0.34
Name Weight (%)
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.34
MDPK_15-18A A1R 144A 0.32
MILOS_17-1A AR 144A 0.30
MACQUARIE BANK LTD (LONDON BRANCH) 144A 6.125 12/31/2049 0.29
MSFT CITIGROUP INC 13.711/16/2020 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

as of 30-Oct-2020

% of Weight

Type Fund
Allocations subject to change.
Sorry, markets/regions are not available at this time.
as of 30-Oct-2020

% 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.
Sorry, sectors are not available at this time.
Sorry, sectors are not available at this time.
as of 30-Oct-2020

% of Weight

Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch. This breakdown is provided by BlackRock and takes the middle rating of the agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Ratings and portfolio credit quality may change over 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
A4 USD Annually 9.88 0.03 0.30 27-Nov-2020 10.16 8.23 LU1301847155
D2 Hedged CHF Non-Distributing 11.90 0.03 0.25 27-Nov-2020 11.90 9.47 LU1373034187
C2 USD Non-Distributing 12.12 0.03 0.25 27-Nov-2020 12.12 9.68 LU1005242950
A5 USD Quarterly 10.07 0.03 0.30 27-Nov-2020 10.25 8.18 LU0784383803
A2 Hedged EUR Non-Distributing 11.23 0.03 0.27 27-Nov-2020 11.23 8.98 LU0784383399
A6 USD Monthly 9.44 0.03 0.32 27-Nov-2020 9.61 7.75 LU0784384876
A6 Hedged EUR Monthly 7.99 0.02 0.25 27-Nov-2020 8.28 6.63 LU1133085917
D6 USD Monthly 10.07 0.03 0.30 27-Nov-2020 10.18 8.22 LU1003077408
D2 Hedged EUR Non-Distributing 11.86 0.03 0.25 27-Nov-2020 11.86 9.43 LU1062843344
D2 USD Non-Distributing 15.46 0.04 0.26 27-Nov-2020 15.46 12.16 LU0784385337
A6 Hedged HKD Monthly 90.99 0.22 0.24 27-Nov-2020 92.69 74.66 LU0784385170
A2 Hedged CHF Non-Distributing 11.44 0.03 0.26 27-Nov-2020 11.44 9.16 LU0784383472
A3 EUR Monthly 8.45 0.00 0.00 27-Nov-2020 9.49 7.65 LU1238068834
A5 HEDGED SGD Quarterly 8.70 0.02 0.23 27-Nov-2020 8.95 7.10 LU0784384363
C6 USD Monthly 9.45 0.02 0.21 27-Nov-2020 9.62 7.76 LU1023056556
A2 USD Non-Distributing 14.93 0.04 0.27 27-Nov-2020 14.93 11.82 LU0784385840
A4 HEDGED EUR Annually 8.14 0.02 0.25 27-Nov-2020 8.51 6.86 LU0784383712
A8 Hedged AUD Monthly 9.23 0.02 0.22 27-Nov-2020 9.51 7.59 LU0871640123
A4 HEDGED CHF Annually 9.00 0.02 0.22 27-Nov-2020 9.41 7.59 LU1373034260
A8 Hedged RMB Monthly 96.83 0.24 0.25 27-Nov-2020 98.02 78.93 LU1257007564
D4 Hedged CHF Annually 9.37 0.03 0.32 27-Nov-2020 9.72 7.84 LU1373034344
D6 Hedged GBP Monthly 9.47 0.02 0.21 27-Nov-2020 9.73 7.80 LU1791173633
A2 EUR Non-Distributing 12.50 -0.01 -0.08 27-Nov-2020 13.52 10.94 LU1162516477
A8 Hedged NZD Monthly 8.86 0.02 0.23 27-Nov-2020 9.11 7.29 LU0949170343
A5 HEDGED AUD Quarterly 9.59 0.03 0.31 27-Nov-2020 9.92 7.84 LU0949170269
A6 Hedged SGD Monthly 8.77 0.02 0.23 27-Nov-2020 9.03 7.23 LU0949170426
D4 Hedged EUR Annually 8.95 0.02 0.22 27-Nov-2020 9.30 7.49 LU0944772804
A8 Hedged CAD Monthly 8.71 0.02 0.23 27-Nov-2020 8.95 7.18 LU1003077580
A8 Hedged GBP Monthly 8.71 0.03 0.35 27-Nov-2020 8.91 7.14 LU1003077663

Portfolio Managers

Portfolio Managers

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

Documents

Documents