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

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Distributions

Ex-Date Distribution
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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 6.78 -7.13 10.50 4.27 5.57 -14.96 6.08

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

  1y 3y 5y 10y Incept.
2.74 -2.96 0.45 - 1.65
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.39 -1.91 -0.39 8.92 2.74 -8.61 2.26 - 14.17
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.

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 CHF, 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 28-May-2024
USD 4,535,202,279
Fund Inception
28-Jun-2012
Fund Base Currency
USD
Benchmark
-
Initial Charge
5.00%
Management Fee (incl Distribution Fee, if any)
0.60%
Minimum Initial Investment
CHF 100000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
CHF Moderate Allocation
Dealing Frequency
Daily, forward pricing basis
SEDOL
BZ604H3
Share Class Inception Date
16-Mar-2016
Share Class Currency
CHF
Asset Class
Multi Asset
SFDR Classification
Other
ISIN
LU1373034344
Performance Fee
0.00%
Minimum Subsequent Investment
CHF 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BGMD4GC
SFC-authorised ESG fund
No
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30-Apr-2024
3075
Standard Deviation (3y)
as of 30-Apr-2024
8.82%
P/E Ratio
as of 30-Apr-2024
13.78
Yield to Maturity
as of 30-Apr-2024
9.63
Effective Duration
as of 30-Apr-2024
2.16
12M Trailing Distribution
as of 30-Apr-2024
5.87%
3y Beta
as of -
-
P/B Ratio
as of 30-Apr-2024
1.66
Modified Duration
as of 30-Apr-2024
2.60 yrs
Weighted Avg Maturity
as of 30-Apr-2024
2.78

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 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. Where appropriate, 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 Medalist Rating

Morningstar Medalist Rating - BRONZE
Effective 03-May-2024
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Apr-2024
Name Weight (%)
ISH MSCI USA Qty Div ESG UCITS ETF 3.80
ISHARES $ HIGH YIELD CRP BND ETF $ 2.12
ISHARES CORE S&P 500 UCITS ETF (DI 1.25
ISH US MBS ETF USD DIST 1.14
BGF USD HIGH YIELD BD X6 USD 0.95
Name Weight (%)
MSFT SOCIETE GENERALE SA 9.546/7/2024 0.69
TAIWAN SEMICONDUCTOR MANUFACTURING 0.56
TREASURY (CPI) NOTE 2.375 01/15/2025 0.52
TREASURY (CPI) NOTE 0.25 01/15/2025 0.52
MICROSOFT CORP 0.41
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 30-Apr-2024

% of Weight

Type Fund Benchmark Net
Allocations are subject to change. Source: BlackRock
as of 30-Apr-2024

% of Weight

Type Fund Benchmark Net
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 30-Apr-2024

% 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 & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
D4 Hedged CHF 7.79 0.00 0.00 28-May-2024 8.00 7.04 LU1373034344
A6 Hedged JPY 998.00 -1.00 -0.10 28-May-2024 1,026.00 946.00 LU2655523079
D2 Hedged CHF 11.59 -0.01 -0.09 28-May-2024 11.68 10.47 LU1373034187
D2 Hedged EUR 11.94 0.00 0.00 28-May-2024 12.02 10.63 LU1062843344
A2 USD 15.62 -0.01 -0.06 28-May-2024 15.73 13.84 LU0784385840
A6 Hedged CHF 10.10 -0.01 -0.10 28-May-2024 10.31 9.49 LU2655523152
A3G EUR 8.07 -0.01 -0.12 28-May-2024 8.18 7.59 LU1238068834
A2 Hedged EUR 10.95 -0.01 -0.09 28-May-2024 11.03 9.81 LU0784383399
A6 Hedged EUR 6.39 0.00 0.00 28-May-2024 6.46 5.93 LU1133085917
D2 USD 16.69 -0.01 -0.06 28-May-2024 16.80 14.71 LU0784385337
A6 USD 8.15 0.00 0.00 28-May-2024 8.21 7.47 LU0784384876
A8 Hedged CNH 81.87 -0.06 -0.07 28-May-2024 82.51 75.02 LU1257007564
A4G USD 8.84 -0.01 -0.11 28-May-2024 8.91 7.84 LU1301847155
A4G HEDGED CHF 7.25 0.00 0.00 28-May-2024 7.50 6.59 LU1373034260
D6 Hedged SGD 9.62 -0.01 -0.10 28-May-2024 9.72 8.87 LU2472302624
C2 USD 12.14 -0.01 -0.08 28-May-2024 12.23 10.84 LU1005242950
A8 Hedged AUD 7.92 -0.01 -0.13 28-May-2024 7.99 7.27 LU0871640123
A5G USD 8.76 0.00 0.00 28-May-2024 8.85 8.00 LU0784383803
A2 Hedged CHF 10.80 0.00 0.00 28-May-2024 10.88 9.81 LU0784383472
A6 Hedged HKD 76.33 -0.05 -0.07 28-May-2024 77.16 70.42 LU0784385170
A5G HEDGED SGD 7.33 0.00 0.00 28-May-2024 7.43 6.76 LU0784384363
D6 Hedged GBP 8.19 -0.01 -0.12 28-May-2024 8.25 7.49 LU1791173633
A4G HEDGED EUR 6.78 0.00 0.00 28-May-2024 6.88 6.07 LU0784383712
A5G HEDGED AUD 7.96 -0.01 -0.13 28-May-2024 8.07 7.34 LU0949170269
A8 Hedged CAD 7.46 0.00 0.00 28-May-2024 7.52 6.85 LU1003077580
A8 Hedged NZD 7.67 -0.01 -0.13 28-May-2024 7.73 7.03 LU0949170343
D4 Hedged EUR 7.70 -0.01 -0.13 28-May-2024 7.76 6.86 LU0944772804
D6 USD 8.98 -0.01 -0.11 28-May-2024 9.04 8.19 LU1003077408
A2 EUR 14.38 -0.02 -0.14 28-May-2024 14.49 13.02 LU1162516477
A6 Hedged SGD 7.31 0.00 0.00 28-May-2024 7.40 6.78 LU0949170426
A8 Hedged GBP 7.53 -0.01 -0.13 28-May-2024 7.58 6.88 LU1003077663
C6 USD 8.17 0.00 0.00 28-May-2024 8.24 7.50 LU1023056556
Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

Alex Shingler, CFA
Managing Director

  

Justin Christofel, CFA, CAIA
Managing Director

  

Documents

Documents