Multi Asset

BGF Global Multi-Asset Income Fund

  • NAV as of 07-Feb-23 USD 8.79
    52 WK: 8.06 - 9.97
  • 1 Day NAV Change as of 07-Feb-23 -0.03 (-0.34%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to generate an above average level of income on your investment as well as maintain long term capital growth.

The Fund invests globally in the full range of assets in which a UCITS fund may invest, including equity securities (e.g. shares), fixed income securities (such as bonds), funds, cash, deposits and money market instruments (i.e. debt securities with short term maturities).

The Fund is actively managed and the asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions and other factors at the investment adviser's (IA) discretion. The IA may refer to a composite benchmark comprising MSCI World Index (50%) and Bloomberg Global Aggregate Bond Index USD Hedged (50%) (the “Index”) for risk management purposes to ensure that the active risk (i.e. degree of deviation from the Index) taken by the Fund remains appropriate given the Fund’s investment objective and policy. The IA is not bound by the components or weighting of the Index when selecting investments. The IA may also use its discretion to invest in securities not included in the Index in order to take advantage of specific investment opportunities. The Fund’s portfolio holdings are expected to deviate materially from the Index. The components of the Index (i.e. MSCI World Index and Bloomberg Global Aggregate Bond Index US Hedged) may be quoted separately in marketing material related to the Fund.

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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Share Class performance displayed in  U.S. Dollar. Performance is show on a net asset value basis, with gross income reinvested.

Distributions

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Total Distribution

This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 5.4 8.6 -4.9 13.3 5.7 5.7 -13.2
  1y 3y 5y 10y Incept.
Total Return (%) -6.52 0.20 1.53 - 3.14
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 4.40 4.40 7.05 1.37 -6.52 0.60 7.89 - 22.68
  From
31-Dec-2017
To
31-Dec-2018		 From
31-Dec-2018
To
31-Dec-2019		 From
31-Dec-2019
To
31-Dec-2020		 From
31-Dec-2020
To
31-Dec-2021		 From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of 31-Dec-22

-4.94 13.33 5.68 5.75 -13.17

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

Key Facts

Key Facts

Net Assets of Fund as of 07-Feb-23 USD 5,362,504,648
Inception Date 22-Jun-16
Fund Launch Date 28-Jun-12
Share Class Currency USD
Base Currency USD
Asset Class Multi Asset
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.79%
Annual Management Fee 1.50%
Performance Fee 0.00%
Minimum Initial Investment USD 5,000.00
Minimum Subsequent Investment USD 1,000.00
Distribution Frequency Quarterly
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 BGMAA5G
ISIN LU0784383803
SEDOL B87XH51

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Jan-23 3503
12m Trailing Yield as of 31-Jan-23 5.26
Standard Deviation (3y) as of 31-Jan-23 10.71%
P/E Ratio as of 31-Jan-23 9.92
P/B Ratio as of 31-Jan-23 2.85
Yield to Maturity as of 31-Jan-23 8.19
Modified Duration as of 31-Jan-23 2.89
Effective Duration as of 31-Jan-23 2.08
Weighted Avg Maturity as of 31-Jan-23 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.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Global Multi-Asset Income Fund, Class A5G, as of 31-Jan-23 rated against 966 USD Moderate Allocation Funds.

Holdings

Holdings

as of 31-Jan-23
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
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-Jan-23

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-23

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
as of 31-Jan-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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class A5G USD Quarterly 8.79 -0.03 -0.34 07-Feb-23 9.97 8.06 LU0784383803 -
Class I2 USD None 12.89 -0.03 -0.23 07-Feb-23 13.71 11.61 LU1523255922 -
Class A3G EUR Monthly 8.25 0.03 0.36 07-Feb-23 8.95 7.92 LU1238068834 -
Class D6 Hedged SGD Monthly 9.74 -0.02 -0.20 07-Feb-23 10.18 8.96 LU2472302624 -
Class A4G USD Annual 8.73 -0.02 -0.23 07-Feb-23 9.90 7.89 LU1301847155 -
Class C2 USD None 11.49 -0.03 -0.26 07-Feb-23 12.52 10.43 LU1005242950 -
Class D2 Hedged EUR None 11.30 -0.03 -0.26 07-Feb-23 12.42 10.30 LU1062843344 -
Class C6 USD Monthly Stable 8.20 -0.02 -0.24 07-Feb-23 9.32 7.55 LU1023056556 -
Class D4G Hedged CHF Annual 8.04 -0.02 -0.25 07-Feb-23 9.35 7.36 LU1373034344 -
Class E9 Hedged EUR - 7.09 -0.02 -0.28 07-Feb-23 8.35 6.58 LU1294567109 -
Class A8 Hedged CNH Monthly Stable with IRD 83.07 -0.20 -0.24 07-Feb-23 96.33 77.43 LU1257007564 -
Class I2 Hedged EUR None 10.37 -0.03 -0.29 07-Feb-23 11.38 9.45 LU1523256144 -
Class A2 Hedged CHF None 10.63 -0.03 -0.28 07-Feb-23 11.83 9.75 LU0784383472 -
Class E2 Hedged EUR None 10.04 -0.03 -0.30 07-Feb-23 11.20 9.20 LU1062843690 -
Class A8 Hedged AUD Monthly Stable with IRD 7.94 -0.02 -0.25 07-Feb-23 9.13 7.34 LU0871640123 -
Class A4G Hedged CHF Annual 7.57 -0.02 -0.26 07-Feb-23 8.88 6.95 LU1373034260 -
Class AI5G Hedged EUR Quarterly 8.17 -0.02 -0.24 07-Feb-23 9.56 7.57 LU1960223680 -
Class X2 USD None 17.48 -0.03 -0.17 07-Feb-23 18.49 15.71 LU0784385766 -
Class A6 Hedged HKD Monthly Stable 77.95 -0.19 -0.24 07-Feb-23 89.56 72.02 LU0784385170 -
Class A6 USD Monthly Stable 8.17 -0.02 -0.24 07-Feb-23 9.31 7.53 LU0784384876 -
Class E5G Hedged EUR Quarterly 6.60 -0.01 -0.15 07-Feb-23 7.76 6.12 LU0784385501 -
Class A2 Hedged EUR None 10.49 -0.02 -0.19 07-Feb-23 11.64 9.59 LU0784383399 -
Class E2 EUR None 15.45 0.06 0.39 07-Feb-23 16.36 14.78 LU0813497111 -
Class D2 USD None 15.36 -0.04 -0.26 07-Feb-23 16.38 13.85 LU0784385337 -
Class D2 Hedged CHF None 11.27 -0.03 -0.27 07-Feb-23 12.43 10.31 LU1373034187 -
Class A5G Hedged SGD Quarterly 7.53 -0.02 -0.26 07-Feb-23 8.61 6.92 LU0784384363 -
Class A2 USD None 14.55 -0.03 -0.21 07-Feb-23 15.65 13.15 LU0784385840 -
Class I5G Hedged EUR Quarterly 7.50 -0.02 -0.27 07-Feb-23 8.68 6.93 LU1129992480 -
Class A6 Hedged EUR Monthly Stable 6.62 -0.01 -0.15 07-Feb-23 7.78 6.17 LU1133085917 -
Class D6 USD Monthly Stable 8.90 -0.02 -0.22 07-Feb-23 10.04 8.18 LU1003077408 -
Class D4G Hedged EUR Annual 7.73 -0.02 -0.26 07-Feb-23 8.96 7.05 LU0944772804 -
Class A4G Hedged EUR Annual 6.89 -0.01 -0.14 07-Feb-23 8.06 6.29 LU0784383712 -
Class A8 Hedged CAD Monthly Stable with IRD 7.51 -0.02 -0.27 07-Feb-23 8.59 6.92 LU1003077580 -
Class AI2 Hedged EUR - 9.84 -0.02 -0.20 07-Feb-23 10.91 8.99 LU1960223508 -
Class A8 Hedged GBP Monthly Stable with IRD 7.47 -0.02 -0.27 07-Feb-23 8.60 6.90 LU1003077663 -
Class X5G GBP Hedged GBP Quarterly 8.95 -0.02 -0.22 07-Feb-23 10.15 8.20 LU1877504073 -
Class A6 Hedged SGD Monthly Stable 7.52 -0.02 -0.27 07-Feb-23 8.64 6.95 LU0949170426 -
Class A2 EUR None 13.62 0.05 0.37 07-Feb-23 14.39 13.02 LU1162516477 -
Class X8 Hedged AUD Monthly Stable with IRD 8.91 -0.02 -0.22 07-Feb-23 10.07 8.19 LU1270847269 -
Class A8 Hedged NZD Monthly Stable with IRD 7.64 -0.02 -0.26 07-Feb-23 8.77 7.06 LU0949170343 -
Class A5G Hedged AUD Quarterly 8.18 -0.02 -0.24 07-Feb-23 9.44 7.54 LU0949170269 -
Class D6 Hedged GBP Monthly 8.21 -0.02 -0.24 07-Feb-23 9.41 7.59 LU1791173633 -

Portfolio Managers

Portfolio Managers

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

Literature

Literature