Multi Asset

Blackrock Global Target Return: Conservative Fund

  • NAV as of 29-Sep-23 USD 94.58
    52 WK: 89.85 - 97.28
  • 1 Day NAV Change as of 29-Sep-23 0.54 (0.57%)

Overview

Investment Approach


The Fund aims to provide a return on your investment through a combination of capital growth and income, whilst maintaining a conservative risk profile (i.e. an evaluation of risks associated with the portfolio).

The risk profile of the Fund’s portfolio is expected to be 4-8% and is measured, for this purpose, as the volatility (i.e. the degree of fluctuation) of the Fund’s returns converted into an annual rate, over a five year period.

The Fund has a flexible approach to asset allocation and will seek to gain exposure across a variety of asset classes investing globally in equity securities (e.g. shares), equity-related securities, fixed income (FI) securities (e.g. bonds), FI-related securities, money market instruments (MMIs) (e.g. debt instruments with short-term maturities), deposits, cash and other funds. The FI securities and MMIs may be issued by governments, government agencies, companies and supranationals globally and may include investments with a relatively low credit rating or which are unrated. The IM seeks to identify investment opportunities across a global investment universe according to the macroeconomic categories of 'growth', ‘inflation’, ‘policy’ and ‘pricing’ as described in the prospectus.

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.

Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Asset backed securities and mortgage backed securities are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.
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Performance

Performance

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Performance chart data not available for display.
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This chart shows the fund's performance as the percentage loss or gain per year over the last 1 years.

  2018 2019 2020 2021 2022
Total Return (%) -10.4
Comparator Benchmark 1 (%) 1.5

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

  1y 3y 5y 10y Incept.
Total Return (%) 2.33 - - - -1.65
Comparator Benchmark 1 (%) 4.35 - - - 2.16
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 3.94 -0.90 1.51 2.99 2.33 - - - -3.59
Comparator Benchmark 1 (%) 3.21 0.45 1.32 2.53 4.35 - - - 4.82
  From
30-Jun-2018
To
30-Jun-2019		 From
30-Jun-2019
To
30-Jun-2020		 From
30-Jun-2020
To
30-Jun-2021		 From
30-Jun-2021
To
30-Jun-2022		 From
30-Jun-2022
To
30-Jun-2023
Total Return (%)

as of 30-Jun-23

- - - -6.90 2.44
Comparator Benchmark 1 (%)

as of 30-Jun-23

- - - - 3.73

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 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 29-Sep-23 USD 4,728,489
Inception Date 17-Jun-21
Fund Launch Date 17-Jun-21
Share Class Currency USD
Base Currency USD
Asset Class Multi Asset
Comparator Benchmark 1 ICE BofA US T-Bill 0-3 Month (G0B1)
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.01%
ISIN IE00BMDQ5140
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment USD 1,000,000.00
Minimum Subsequent Investment USD 10,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
SEDOL BMDQ514

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-23 26
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of 31-Aug-23 0.00
P/B Ratio as of 31-Aug-23 0.00
Yield to Maturity as of 31-Aug-23 3.22
Modified Duration as of 31-Aug-23 3.02
Effective Duration as of 31-Aug-23 3.01
Weighted Avg Maturity as of 31-Aug-23 3.94

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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. MSCI Ratings are currently unavailable for this fund.

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.

MSCI - Controversial Weapons as of 31-Aug-23 0.14%
MSCI - UN Global Compact Violators as of 31-Aug-23 0.32%
MSCI - Nuclear Weapons as of 31-Aug-23 0.20%
MSCI - Thermal Coal as of 31-Aug-23 0.22%
MSCI - Civilian Firearms as of 31-Aug-23 0.01%
MSCI - Oil Sands as of 31-Aug-23 0.04%
MSCI - Tobacco as of 31-Aug-23 0.13%
Business Involvement Coverage as of 31-Aug-23 52.70%
Percentage of Fund not covered as of 31-Aug-23 47.30%
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 0.45% and for Oil Sands 0.68%.

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 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 the research and underlying strategy due diligence phases of the investment process. This may include third party and internal considerations, as defined by the portfolio management team. Internal considerations may include exposures to climate and disaster events, as well as sovereign social and governance concerns. Where appropriate, the portfolio management team also analyzes ESG exposures and investment characteristics within underlying strategies. These criteria are part of a number of considerations that factor into investment decisions. The Fund manager may include ESG criteria in the ongoing monitoring of the overall portfolio, including underlying strategies as well as tactical positioning. The Fund manager conducts 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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31-Aug-23
Name Weight (%)
BLK ICS US TREAS PREMIER ACC 17.85
ISH CORE UK GLTS ETF GBP DIST 12.20
ISH $ TRES BND 7-10 ETF USD 12.20
ISHARES CORE S&P 500 UCITS ETF (DI 12.19
ISH GER GVT BND ETF EUR DIST 11.18
Name Weight (%)
ISHARES $ FLOATING RATE BOND USD_A 7.47
BLK SUS ADV WORLD EQ X ACC USD 4.96
BLK ICS USD LIQ FD PREM ACC T0 USD 2.82
BLK SUS ADV US EQ FD X ACC USD 2.81
ISH MSCI CHINA A ETF USD ACC 2.15
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.
Sorry, geographic exposures are not available at this time.
as of 31-Aug-23

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
Sorry, ratings are not available at this time.
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
Class X USD - 94.58 0.54 0.57 29-Sep-23 97.28 89.85 IE00BMDQ5140
Class A USD - 91.83 0.52 0.57 29-Sep-23 94.71 88.34 IE00BMDQ4739
Class I USD - 93.35 0.53 0.57 29-Sep-23 96.11 89.17 IE00BMDQ5363
Class D USD - 92.97 0.53 0.57 29-Sep-23 95.74 88.97 IE00BMDQ5256

Portfolio Managers

Portfolio Managers

Daniel Caderas
Daniel Caderas

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 USD 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
8,290 USD
-17.1%
7,520 USD
-5.5%

Unfavourable

What you might get back after costs
Average return each year
8,960 USD
-10.4%
9,310 USD
-1.4%

Moderate

What you might get back after costs
Average return each year
10,240 USD
2.4%
11,600 USD
3.0%

Favourable

What you might get back after costs
Average return each year
11,170 USD
11.7%
13,600 USD
6.3%

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



Literature

Literature