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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.
Performance
Performance
Chart
Performance chart data not available for display.
Reinvestments
This product does not have any distributions data as of now.
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Returns
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 EUR, hedged Share Class Benchmark performance is displayed in EUR.
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
Size of Fund (Millions)
as of 18-Jun-21
EUR 2,896.967
Base Currency
Euro
Fund Launch Date
04-Jan-99
Inception Date
23-May-18
Asset Class
Multi Asset
Morningstar Category
EUR Moderate Allocation - Global
Domicile
Luxembourg
Regulatory Structure
UCITS
Management Company
BlackRock (Luxembourg) S.A.
ISIN
LU1822773989
Bloomberg Ticker
BGFMI2E
Initial Charge
0.00%
Performance Fee
0.00%
SEDOL
BG0B4D5
Dealing Settlement
Trade Date + 3 days
Dealing Frequency
Daily, forward pricing basis
Minimum Initial Investment
EUR 10000000
Minimum Subsequent Investment
EUR 1000
Use of Income
Accumulating
Sustainability Characteristics
Sustainability Characteristics
Sustainability Characteristics can help investors integrate non-financial, 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 ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’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 Sustainability Characteristics, using links below.
All data is from MSCI ESG Fund Ratings as of 07-Jun-21, based on holdings as of 31-Dec-20. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.
To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), 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.
Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’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.
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.28%.
Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.
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 incorporates ESG considerations throughout the investment process’ macro outlook, idea generation, implementation tools, portfolio construction, risk management, ongoing monitoring and reporting. All research ideas generated for the Fund consider the potential impact from ESG-associated risks, and these are documented as part of the investment process. Idea implementation uses a wide range of building blocks, including active mutual funds, index funds, ETFs, direct securities, derivatives, and third-party funds. The Fund manager reviews research ideas and asset allocation on a regular basis and reassesses each of the building blocks utilized to access research ideas. The choice of building block is informed by ESG considerations. For strategies with an explicit ESG objective, certain building blocks are used to comply with those guidelines. Where an ESG focused building block becomes available, it will be considered as a replacement for standard market exposure. Both the extent and impact of screens and integration are considered in the context of the investment objective / investment style of particular strategies. The Fund manager may also build bespoke thematic baskets of securities, which are subject to BlackRock baseline screens in the first instance and where appropriate, additional screening criteria. The Fund manager uses E, S, and G criteria such as headline ESG and carbon footprint during the reporting phase. These are sourced from Aladdin or directly from third-party data providers. The Fund manager conducts regular portfolio monitoring with BlackRock’s Risk and Quantitative Analysis group, as well as portfolio reviews with Chief Investment Officers. 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
Holdings
Holdings
as of 28-May-21
| Name | Weight (%) |
|---|---|
| ISH MSCI USA SRI ETF USD ACC | 3.06 |
| TREASURY NOTE 1.5 02/15/2030 | 3.03 |
| MICROSOFT CORP | 2.55 |
| ISHARES PHYSICAL GOLD | 2.48 |
| ITALY (REPUBLIC OF) 1.35 04/01/2030 | 1.98 |
| Name | Weight (%) |
|---|---|
| TREASURY NOTE 0.125 07/31/2022 | 1.72 |
| SDCL ENERGY EFFICIENCY INCOME TRUS | 1.54 |
| GERMANY (FEDERAL REPUBLIC OF) 0 08/15/2030 | 1.50 |
| ISHARES $ HIGH YIELD CORP BO USDHA | 1.38 |
| JAPAN (GOVERNMENT OF) 10YR #360 0.1 09/20/2030 | 1.31 |
Holdings subject to change
Exposure Breakdowns
Exposure Breakdowns
as of 28-May-21
% of Market Value
Due to the use of derivatives, reported asset allocation may not be fully reflective of the risk profile of the fund’s market exposure. Allocations subject to change.
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 I2 | EUR | - | 13.04 | -0.05 | -0.38 | 13.09 | 11.24 | - | LU1822773989 | - | - |
| Class A2 Hedged | SGD | - | 11.80 | -0.05 | -0.42 | 11.85 | 10.18 | - | LU2077746001 | - | - |
| Class A4 | EUR | Annual | 10.74 | -0.04 | -0.37 | 10.78 | 9.96 | - | LU2256991352 | - | - |
| Class I2 Hedged | EUR | - | 11.38 | 0.06 | 0.53 | 11.38 | 9.76 | - | LU2310090357 | - | - |
| Class E2 Hedged | USD | None | 44.26 | -0.16 | -0.36 | 44.42 | 38.32 | - | LU0494093627 | - | - |
| Class A8 Hedged | USD | Monthly | 11.37 | -0.04 | -0.35 | 11.41 | 10.06 | - | LU2092627202 | - | - |
| Class D2 Hedged | USD | None | 52.50 | -0.19 | -0.36 | 52.69 | 45.00 | - | LU0827879924 | - | - |
| Class A2 Hedged | ZAR | - | 110.33 | -0.41 | -0.37 | 110.74 | 99.70 | - | LU2250418576 | - | - |
| Class AI2 | EUR | - | 12.27 | -0.04 | -0.32 | 12.31 | 10.65 | - | LU1978682364 | - | - |
| Class C2 | EUR | None | 15.68 | -0.06 | -0.38 | 15.74 | 13.78 | - | LU0147384282 | - | - |
| Class A2 Hedged | USD | None | 49.46 | -0.18 | -0.36 | 49.64 | 42.62 | - | LU0494093205 | - | - |
| Class A2 | EUR | None | 18.95 | -0.07 | -0.37 | 19.02 | 16.45 | - | LU0093503497 | - | - |
| Class E2 | EUR | None | 16.96 | -0.06 | -0.35 | 17.02 | 14.80 | - | LU0093503737 | - | - |
| Class A2 Hedged | AUD | - | 10.77 | -0.04 | -0.37 | 10.81 | 9.96 | - | LU2250418493 | - | - |
| Class D2 | EUR | None | 20.54 | -0.08 | -0.39 | 20.62 | 17.74 | - | LU0473185139 | - | - |
| Class C2 Hedged | USD | None | 37.45 | -0.13 | -0.35 | 37.58 | 32.66 | - | LU0494093544 | - | - |
| Class A8 Hedged | SGD | Monthly | 11.30 | -0.05 | -0.44 | 11.35 | 10.01 | - | LU2092937148 | - | - |
Portfolio Managers
Portfolio Managers
Director and portfolio manager
Member of the Diversified Strategies team within the Multi-Asset Strategies & Solutions team.
CFA, Director and portfolio manager
Member of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group.
Literature
Literature
If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available.
BlackRock Portfolio Managers have access to research, data, tools, and analytics to integrate ESG insights into their investment process. Aladdin is the operating system that connects the data, people and technology necessary to manage portfolios in real time, as well as the engine behind BlackRock’s ESG analytics and reporting capabilities. BlackRock’s Portfolio Managers use Aladdin to make investment decisions, monitor portfolios and to access material ESG insights that can inform the investment process to attain ESG characteristics of the fund.
ESG datasets are sourced from external third-party data providers, including but not limited to MSCI and Sustainalytics. These datasets include headline ESG scores, carbon data, business involvement metrics or controversies and have been incorporated into Aladdin tools that are available to Portfolio Managers. Such tools support the full investment process, from research, to portfolio construction and modeling, to reporting.
In addition to having access to these datasets in Aladdin, where applicable, Portfolio Managers could also supplement these sources with sell side research, non-government organization reports, company reported data, fundamental research insights prepared by BlackRock equity and credit investment research teams as well as the BlackRock Investment Stewardship team.
In order to offer scalable solutions to investors across different asset classes and investment styles, BlackRock has developed a set of exclusionary screens, “BlackRock EMEA Baseline Screens”, that seeks to address a majority of our clients’ requests for exclusions.
As an example, these exclusionary screens eliminate holdings with more than de minimis exposure to certain sectors/industries including but not limited to controversial weapons, nuclear weapons, fossil fuels, civilian firearms, tobacco, and UN Global Compact violators. BlackRock EMEA Baseline Screens are applied on all new active funds in Europe, Middle East and Africa (“EMEA”), on a comply or explain basis by our portfolio management teams within our product governance structure. For all new sustainable index strategies in EMEA, BlackRock works with the index provider to reflect the same screens in the custom index. Qualified investors with separate accounts can have exclusionary screens set with specific criteria as determined by the investor. The definition of the baseline screens and its adoption into sustainable screened funds is governed by the Sustainable Product Council (“SPC”). The current default ESG data provider for these Baseline Screens is MSCI but investment teams can choose to use Sustainalytics or other custom data sources as required.
For further SFDR related fund/sub-fund level disclosures, please refer to the fund/ sub-fund specific Investment Objective and Policy section(s) and benchmark information in the prospectus that is available on the website.
Important Information
Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies
For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. Please refer to the fund’s prospectus for more information. The screening applied by the fund's index provider may include revenue thresholds set by the index provider. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document.
Certain information contained herein (the “Information”) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (“MSCI”)), or third party suppliers (each an “Information Provider”), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
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 invests in high yielding bonds. Companies who issue higher yield bonds typically have an increased risk of defaulting on repayments. In the event of default, the value of your investment may reduce. Economic conditions and interest rate levels may also impact significantly the values of high yield bonds. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held.
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. BlackRock Global Funds (BGF) is an open-ended investment company established in Luxembourg which is available for sale in certain jurisdictions only. BGF is not available for sale in the U.S. or to U.S. persons. Product information concerning BGF should not be published in the U.S. Subscriptions in BGF are valid only if made on the basis of the current Prospectus, the most recent financial reports and the Key Investor Information Document, which are available on our website. Prospectuses, Key Investor Information Documents and application forms may not be available to investors in certain jurisdictions where the Fund in question has not been authorised. Issued by BlackRock Investment Management (UK) Limited (authorised and regulated by the Financial Conduct Authority). Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Registered in England No. 2020394. Tel: 020 7743 3000. For your protection, telephone calls are usually recorded. BlackRock is a trading name of BlackRock Investment Management (UK) Limited. When this document is issued in the EEA, it is issued by BlackRock (Netherlands) BV: Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Trade Register No. 17068311. For more information, please see the website: www.blackrock.com. For your protection telephone calls are usually recorded. BlackRock is a trading name of BlackRock (Netherlands) B.V.. © 2021 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, iSHARES, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, and BUILT FOR THESE TIMES are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners.
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