Multi Asset

BGF Global Allocation Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.
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Performance

Performance

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, 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

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Number of Issuers 858
Size of Fund (Millions) as of 13-Aug-20 USD 14,202.332
Base Currency USD
Fund Launch Date 03-Jan-97
Series Currency USD
Inception Date 21-Aug-13
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
Benchmark Index 36% S&P 500, 24% FTSE World (ex.US), 24% ICE BofA ML Cur 5-yr US Treasury, 16% FTSE Non-USD WGBI
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0953392981
Bloomberg Ticker BGFGAX4
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BCDBHB3
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a Fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 01-Aug-20 90.70
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 01-Aug-20 Mixed Asset USD Bal - Global
All data is from MSCI ESG Fund Ratings as of 01-Aug-20, based on holdings as of 31-Dec-19. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a Fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics using links below.

 

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research to provide a summed up view across holdings and translates it to a Fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global Allocation Fund, Class X4, as of 31-Jul-20 rated against 769 USD Moderate Allocation Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 22-Apr-19)

Holdings

Holdings

as of 31-Jul-20
Name Weight (%)
APPLE INC 2.22
AMAZON COM INC 2.09
MICROSOFT CORP 2.09
ALPHABET INC CLASS C 1.53
UNITEDHEALTH GROUP INC 0.99
Name Weight (%)
SIEMENS N AG 0.96
SPDR S&P ETF TRUST 0.94
TAIWAN SEMICONDUCTOR MANUFACTURING 0.91
ENEL 0.87
MASTERCARD INC CLASS A 0.86
as of 31-Jul-20
Name Weight (%)
UMBS 30YR TBA(REG A) 1.99
TREASURY NOTE 1.75 11/15/2029 1.88
TREASURY (CPI) NOTE 0.125 10/15/2024 1.31
WI TREASURY (CPI) NOTE 0.125 04/15/2025 1.24
ISHARES $ HIGH YIELD CRP BND ETF $ 1.00
Name Weight (%)
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.91
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 0.89
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.81
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.76
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.72
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jul-20

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Jul-20

% of Net Assets

Type Fund Benchmark Net
as of 31-Jul-20

% of Market Value

Type Fund Benchmark Net
as of 31-Jul-20

% of Market Value

Type Fund Benchmark Net
as of 31-Jul-20

% of Net Assets

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.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class X4 USD Annual 14.33 0.05 0.35 14.33 10.60 - LU0953392981 - -
Class X2 EUR None 68.78 -0.22 -0.32 71.38 55.85 - LU0984173384 - -
Class A2 Hedged PLN None 18.63 0.07 0.38 18.63 13.93 - LU0480534592 - -
Class D2 EUR None 60.91 -0.19 -0.31 63.50 49.64 - LU0523293024 - -
Class X2 Hedged AUD None 22.68 0.08 0.35 22.68 16.89 - LU0525289509 - -
Class X2 Hedged EUR None 12.82 0.04 0.31 12.82 9.56 - LU0260352280 - -
Class C2 Hedged EUR None 30.64 0.10 0.33 30.64 23.12 - LU0212926058 - -
Class I2 EUR None 60.85 -0.20 -0.33 63.38 49.55 - LU1653088838 - -
Class E2 Hedged PLN None 17.74 0.06 0.34 17.74 13.29 - LU0530192003 - -
Class E2 EUR None 50.51 -0.16 -0.32 52.97 41.36 - LU0171283533 - -
Class A2 Hedged AUD None 19.11 0.06 0.31 19.11 14.33 - LU0468326631 - -
Class C2 USD None 49.84 0.16 0.32 49.84 37.29 - LU0147395726 - -
Class D2 Hedged SGD None 16.30 0.05 0.31 16.30 12.15 - LU0827880690 - -
Class A2 HUF None 19,112.61 -61.16 -0.32 19,607.61 15,897.45 - LU0566074125 - -
Class D4 EUR Annual 54.26 -0.17 -0.31 56.57 44.22 - LU0827880005 - -
Class A2 Hedged CHF None 13.17 0.04 0.30 13.17 9.88 - LU0343169966 - -
Class E2 USD None 59.88 0.20 0.34 59.88 44.68 - LU0147396450 - -
Class D2 Hedged CHF None 13.99 0.05 0.36 13.99 10.46 - LU0827880260 - -
Class A4 EUR Annual 53.82 -0.17 -0.31 56.31 43.99 - LU0408221512 - -
Class C2 EUR None 42.04 -0.14 -0.33 44.25 34.53 - LU0331284793 - -
Class D2 Hedged AUD None 20.27 0.06 0.30 20.27 15.16 - LU0827880187 - -
Class D4 Hedged EUR Annual 37.76 0.12 0.32 37.76 28.27 - LU0827880773 - -
Class D2 Hedged PLN None 19.76 0.06 0.30 19.76 14.73 - LU0827880427 - -
Class I2 Hedged EUR None 43.89 0.14 0.32 43.89 32.83 - LU0368231949 - -
Class I2 Hedged SGD None 16.40 0.06 0.37 16.40 12.21 - LU0810842038 - -
Class A4 USD Annual 63.81 0.22 0.35 63.81 47.51 - LU0724617625 - -
Class I2 USD None 72.15 0.25 0.35 72.15 53.52 - LU0368249560 - -
Class X2 Hedged JPY None 1,273.00 4.00 0.32 1,273.00 946.00 - LU1445720094 - -
Class D2 Hedged GBP None 35.08 0.12 0.34 35.08 26.19 - LU0827880344 - -
Class A2 Hedged HKD None 15.66 0.05 0.32 15.66 11.65 - LU0788109477 - -
Class A2 Hedged CNH None 149.70 0.56 0.38 149.70 110.83 - LU1062906877 - -
Class E2 Hedged EUR None 38.34 0.13 0.34 38.34 28.84 - LU0212926132 - -
Class A2 Hedged GBP None 33.09 0.11 0.33 33.09 24.78 - LU0236177068 - -
Class A2 USD None 65.63 0.22 0.34 65.63 48.87 - LU0072462426 - -
Class AI2 EUR - 11.08 0.00 0.00 11.55 9.02 - LU1960222104 - -
Class A2 Hedged EUR None 40.32 0.13 0.32 40.32 30.28 - LU0212925753 - -
Class A4 Hedged EUR Annual 37.47 0.12 0.32 37.47 28.13 - LU0240613025 - -
Class A2 EUR None 55.36 -0.17 -0.31 57.92 45.24 - LU0171283459 - -
Class J2 USD None 82.09 0.28 0.34 82.09 60.72 - LU0304953069 - -
Class D4 GBP None 49.05 -0.18 -0.37 49.57 40.98 - LU1852330908 - -
Class D2 Hedged EUR None 44.37 0.14 0.32 44.37 33.22 - LU0329591480 - -
Class A2 Hedged SGD None 15.28 0.05 0.33 15.28 11.43 - LU0308772762 - -
Class D2 USD None 72.22 0.25 0.35 72.22 53.61 - LU0329592538 - -
Class AI2 Hedged EUR - 11.18 -0.01 -0.09 11.19 8.42 - LU1960222286 - -
Class X2 USD None 81.55 0.28 0.34 81.55 60.32 - LU0328507826 - -

Portfolio Managers

Portfolio Managers

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

Literature

Literature