Multi Asset

BGF Global Multi-Asset Income Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

Performance chart data not available for display.
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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 8 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) -1.9 5.2 7.6 -6.5 11.3 4.5 5.9 -14.6
Constraint Benchmark 1 (%) 0.3 5.9 12.4 -3.4 17.8 11.5 9.8 -14.4

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

  1y 3y 5y 10y Incept.
0.84 -1.29 0.25 - 0.92
Constraint Benchmark 1 (%) 6.16 2.20 4.65 - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.16 -2.30 -5.70 -4.52 0.84 -3.83 1.28 - 8.61
Constraint Benchmark 1 (%) 4.17 -1.81 -5.97 -2.20 6.16 6.75 25.54 - -
  From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
From
30-Sep-2022
To
30-Sep-2023
Total Return (%)

as of 30-Sep-23

3.59 0.25 11.35 -16.80 4.98
Constraint Benchmark 1 (%)

as of 30-Sep-23

6.56 7.86 13.50 -15.65 11.81

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 EUR 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 27-Nov-23 USD 4,624,979,877
Inception Date 29-Oct-14
Fund Launch Date 28-Jun-12
Share Class Currency EUR
Base Currency USD
Asset Class Multi Asset
Constraint Benchmark 1 50% MSCIWLDNET / 50% LGAINXUSDH Index
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.68%
ISIN LU1129992480
Annual Management Fee 0.60%
Performance Fee 0.00%
Minimum Initial Investment EUR 10,000,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category EUR Moderate Allocation - Global
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGMAI5G
SEDOL BRWQZH6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Oct-23 3537
12 Month Trailing Dividend Distribution Yield as of 31-Oct-23 6.22
Standard Deviation (3y) as of 31-Oct-23 8.68%
3y Beta as of - -
P/E Ratio as of 31-Oct-23 11.69
P/B Ratio as of 31-Oct-23 1.34
Yield to Maturity as of 31-Oct-23 9.99
Modified Duration as of 31-Oct-23 3.42
Effective Duration as of 31-Oct-23 2.82
Weighted Avg Maturity as of 31-Oct-23 4.87

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.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 08-May-23)

Holdings

Holdings

as of 31-Oct-23
Name Weight (%)
ISH MSCI USA Qty Div ESG UCITS ETF 3.52
ISH US MBS ETF USD DIST 3.25
BGF USD HIGH YIELD BD X6 USD 0.88
ISHARES $ CORPORATE BOND UCITS ETF 0.85
TAIWAN SEMICONDUCTOR MANUFACTURING 0.52
Name Weight (%)
MICROSOFT CORP 0.40
SHELL PLC 0.31
UNH ROYAL BANK OF CANADA 8.7111/28/2023 0.31
MSFT UBS AG (LONDON BRANCH) 11.412/6/2023 0.30
REGT12-19_12-R AR 144A 0.29
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, geographic exposures are not available at this time.
as of 31-Oct-23

% of Market Value

Type Fund Benchmark Net
as of 31-Oct-23

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
as of 31-Oct-23

% of Market Value

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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class I5G Hedged EUR 7.11 0.00 0.00 27-Nov-23 7.59 6.76 LU1129992480
Class A6 Hedged JPY 989.00 0.00 0.00 27-Nov-23 1,003.00 946.00 LU2655523079
Class A6 Hedged CHF 9.92 0.00 0.00 27-Nov-23 10.03 9.49 LU2655523152
Class D6 Hedged SGD 9.30 0.00 0.00 27-Nov-23 9.85 8.87 LU2472302624
Class C6 USD 7.87 0.00 0.00 27-Nov-23 8.29 7.50 LU1023056556
Class A3G EUR 7.72 0.01 0.13 27-Nov-23 8.31 7.59 LU1238068834
Class E2 Hedged EUR 9.84 0.00 0.00 27-Nov-23 10.16 9.36 LU1062843690
Class A2 Hedged CHF 10.29 0.00 0.00 27-Nov-23 10.76 9.81 LU0784383472
Class I2 USD 13.03 0.00 0.00 27-Nov-23 13.10 12.31 LU1523255922
Class X2 USD 17.76 0.01 0.06 27-Nov-23 17.81 16.69 LU0784385766
Class A4G USD 8.26 0.00 0.00 27-Nov-23 8.83 7.84 LU1301847155
Class D2 Hedged EUR 11.19 0.00 0.00 27-Nov-23 11.43 10.63 LU1062843344
Class A8 Hedged AUD 7.62 0.00 0.00 27-Nov-23 8.04 7.27 LU0871640123
Class E9 Hedged EUR 6.63 0.00 0.00 27-Nov-23 7.17 6.31 LU1294567109
Class C2 USD 11.40 0.00 0.00 27-Nov-23 11.62 10.84 LU1005242950
Class D2 Hedged CHF 10.99 0.00 0.00 27-Nov-23 11.41 10.47 LU1373034187
Class D4G Hedged CHF 7.39 0.00 0.00 27-Nov-23 8.14 7.04 LU1373034344
Class A5G USD 8.42 0.00 0.00 27-Nov-23 8.89 8.00 LU0784383803
Class A8 Hedged CNH 78.66 0.01 0.01 27-Nov-23 84.03 75.02 LU1257007564
Class A4G Hedged CHF 6.91 0.00 0.00 27-Nov-23 7.66 6.59 LU1373034260
Class I2 Hedged EUR 10.29 0.00 0.00 27-Nov-23 10.49 9.78 LU1523256144
Class A6 Hedged EUR 6.21 0.00 0.00 27-Nov-23 6.69 5.93 LU1133085917
Class AI5G Hedged EUR 7.68 0.00 0.00 27-Nov-23 8.26 7.30 LU1960223680
Class A6 Hedged HKD 73.82 0.02 0.03 27-Nov-23 78.86 70.42 LU0784385170
Class E2 EUR 15.08 0.02 0.13 27-Nov-23 15.45 14.71 LU0813497111
Class A2 Hedged EUR 10.32 0.01 0.10 27-Nov-23 10.61 9.81 LU0784383399
Class A6 USD 7.84 0.01 0.13 27-Nov-23 8.26 7.47 LU0784384876
Class A2 USD 14.58 0.00 0.00 27-Nov-23 14.71 13.84 LU0784385840
Class A4G Hedged EUR 6.39 0.00 0.00 27-Nov-23 6.96 6.07 LU0784383712
Class D2 USD 15.51 0.00 0.00 27-Nov-23 15.60 14.68 LU0784385337
Class D4G Hedged EUR 7.22 0.00 0.00 27-Nov-23 7.82 6.86 LU0944772804
Class D6 USD 8.60 0.01 0.12 27-Nov-23 9.00 8.19 LU1003077408
Class E5G Hedged EUR 6.17 0.00 0.00 27-Nov-23 6.67 5.87 LU0784385501
Class AI2 Hedged EUR 9.68 0.00 0.00 27-Nov-23 9.95 9.20 LU1960223508
Class A5G Hedged SGD 7.11 0.00 0.00 27-Nov-23 7.62 6.76 LU0784384363
Class X5G GBP Hedged GBP 8.63 0.01 0.12 27-Nov-23 9.05 8.18 LU1877504073
Class A8 Hedged CAD 7.18 0.00 0.00 27-Nov-23 7.59 6.85 LU1003077580
Class A6 Hedged SGD 7.10 0.00 0.00 27-Nov-23 7.60 6.78 LU0949170426
Class A2 EUR 13.34 0.01 0.08 27-Nov-23 13.62 12.97 LU1162516477
Class A8 Hedged GBP 7.22 0.00 0.00 27-Nov-23 7.55 6.88 LU1003077663
Class X8 Hedged AUD 8.64 0.01 0.12 27-Nov-23 9.01 8.22 LU1270847269
Class D6 Hedged GBP 7.86 0.00 0.00 27-Nov-23 8.30 7.49 LU1791173633
Class A8 Hedged NZD 7.38 0.00 0.00 27-Nov-23 7.73 7.03 LU0949170343
Class A5G Hedged AUD 7.72 0.00 0.00 27-Nov-23 8.27 7.34 LU0949170269

Portfolio Managers

Portfolio Managers

Alex Shingler
CFA, Managing Director

  

Justin Christofel
CFA, CAIA, Managing Director

  

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment EUR 10,000
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
8,240 EUR
-17.6%
5,660 EUR
-10.8%

Unfavourable

What you might get back after costs
Average return each year
8,320 EUR
-16.8%
8,410 EUR
-3.4%

Moderate

What you might get back after costs
Average return each year
10,180 EUR
1.8%
11,180 EUR
2.3%

Favourable

What you might get back after costs
Average return each year
12,070 EUR
20.7%
12,770 EUR
5.0%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature