Multi Asset

BGF Asian 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

Distributions

Ex-Date Total Distribution
View full table
This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 CNH, 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 18-Jul-24
USD 94,359,240
Fund Launch Date
20-Jan-16
Base Currency
USD
Constraint Benchmark 1
50% MSACAXJPU / 25% JACI_XM / 25% IBALCXMUS
Initial Charge
5.00%
ISIN
LU2649132680
Performance Fee
0.00%
Minimum Subsequent Investment
RMB 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGAA6CN
Inception Date
09-Aug-23
Share Class Currency
CNH
Asset Class
Multi Asset
SFDR Classification
Other
Ongoing Charges Figures
1.69%
Annual Management Fee
1.50%
Minimum Initial Investment
RMB 5,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BMV2FJ2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Jun-24
647
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 28-Jun-24
14.66
Yield to Maturity
as of 28-Jun-24
2.89
Effective Duration
as of 28-Jun-24
1.70
12 Month Trailing Dividend Distribution Yield
as of 30-Jun-24
-
3y Beta
as of -
-
P/B Ratio
as of 28-Jun-24
1.26
Modified Duration
as of 28-Jun-24
1.72
Weighted Avg Maturity
as of 28-Jun-24
2.34

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.

The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of 21-Jun-24
A
MSCI ESG Quality Score (0-10)
as of 21-Jun-24
5.75
Fund Lipper Global Classification
as of 21-Jun-24
Mixed Asset Other Flexible
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21-Jun-24
299.43
MSCI ESG % Coverage
as of 21-Jun-24
89.83
MSCI ESG Quality Score - Peer Percentile
as of 21-Jun-24
48.56
Funds in Peer Group
as of 21-Jun-24
278
MSCI Weighted Average Carbon Intensity % Coverage
as of 21-Jun-24
83.11
All data is from MSCI ESG Fund Ratings as of 21-Jun-24, based on holdings as of 29-Feb-24. 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% (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.

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 28-Jun-24
0.24%
MSCI - Nuclear Weapons
as of 28-Jun-24
0.00%
MSCI - Civilian Firearms
as of 28-Jun-24
0.00%
MSCI - Tobacco
as of 28-Jun-24
0.09%
MSCI - UN Global Compact Violators
as of 28-Jun-24
0.20%
MSCI - Thermal Coal
as of 28-Jun-24
0.66%
MSCI - Oil Sands
as of 28-Jun-24
0.00%

Business Involvement Coverage
as of 28-Jun-24
74.69%
Percentage of Fund not covered
as of 28-Jun-24
23.13%
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 1.19% and for Oil Sands 0.60%.

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 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

Holdings

Holdings

as of 28-Jun-24
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING 4.23
TENCENT HOLDINGS LTD 2.57
SAMSUNG ELECTRONICS LTD 2.43
MSCI EMER MKT INDEX (ICE) SEP 24 1.95
ALIBABA GROUP HOLDING LTD 1.31
Name Weight (%)
HON HAI PRECISION INDUSTRY LTD 1.12
AIA GROUP LTD 1.04
TRANSURBAN GROUP STAPLED UNITS 1.02
INFOSYS ADR REPRESENTING ONE LTD 0.79
CHINA CONSTRUCTION BANK CORP H 0.73
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
as of 28-Jun-24

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-24

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A6 Hedged CNH 98.50 -0.21 -0.21 18-Jul-24 100.00 91.92 LU2649132680
Class A6 Hedged GBP 10.04 -0.02 -0.20 18-Jul-24 10.11 9.22 LU2649132763
Class A6 Hedged SGD 7.15 -0.02 -0.28 18-Jul-24 7.37 6.63 LU2087589938
Class X2 USD 15.37 -0.03 -0.19 18-Jul-24 15.48 13.15 LU1323999059
Class A6 Hedged CAD 10.02 -0.02 -0.20 18-Jul-24 10.09 9.22 LU2649132847
Class A6 Hedged AUD 9.93 -0.02 -0.20 18-Jul-24 10.00 9.19 LU2649132508
Class A6 Hedged HKD 7.30 -0.01 -0.14 18-Jul-24 7.47 6.73 LU2087590191
Class A6 Hedged EUR 9.91 -0.02 -0.20 18-Jul-24 10.00 9.19 LU2649133068
Class A2 USD 13.34 -0.03 -0.22 18-Jul-24 13.44 11.55 LU1323998911
Class A6 USD 7.78 -0.02 -0.26 18-Jul-24 7.88 7.12 LU2087589342
Class I2 USD 14.43 -0.02 -0.14 18-Jul-24 14.53 12.41 LU1323999133
Class A6 Hedged JPY 956.00 -2.00 -0.21 18-Jul-24 1,000.00 911.00 LU2649132920

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 CNH 78,000
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
54,250 CNH
-30.5%
35,300 CNH
-14.7%

Unfavourable

What you might get back after costs
Average return each year
54,250 CNH
-30.5%
61,360 CNH
-4.7%

Moderate

What you might get back after costs
Average return each year
75,500 CNH
-3.2%
80,480 CNH
0.6%

Favourable

What you might get back after costs
Average return each year
95,150 CNH
22.0%
112,950 CNH
7.7%

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



Literature

Literature