BGF Global Multi-Asset Income Fund

Multi Asset

BGF Global Multi-Asset Income Fund

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 shares, fixed income securities, funds, cash, deposits and money market instruments. 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 Portfolio Manager's discretion.

Important Information: Capital at Risk. 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.

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Performance

Performance

  From
31-Mar-2015
To
31-Mar-2016		 From
31-Mar-2016
To
31-Mar-2017		 From
31-Mar-2017
To
31-Mar-2018		 From
31-Mar-2018
To
31-Mar-2019		 From
31-Mar-2019
To
31-Mar-2020
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 31-Mar-20

-3.49 8.26 3.97 3.06 -5.49

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

Chart

Performance chart data not available for display.
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Share Class performance displayed in  USD. Performance is show on a net asset value basis, with gross income reinvested.

Reinvestments

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

Key Facts

Key Facts

Size of Fund (Millions) as of 04-Jun-20 USD 6,319.154
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 29-May-20 4123
Base Currency USD
Fund Launch Date 28-Jun-12
Inception Date 28-Jun-12
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 1.77%
ISIN LU0784385840
Bloomberg Ticker BGMAIA2
Annual Management Fee As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs. 1.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B82KC29
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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. 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as having controversial weapons involvement including Cluster Munitions, Landmines, Depleted Uranium, Biological & Chemical, and non detectable fragments. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 30-Apr-20 0.47%
MSCI - UN Global Compact Violators Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as failing to comply with the United Nations Global Compact Principles. For further details regarding MSCI’s methodology, see footnote 5 at the bottom of the page. as of 30-Apr-20 0.94%
MSCI - Nuclear Weapons Percentage sum of issuers within the fund that have been identified by MSCI ESG research as manufacturing nuclear weapons. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 30-Apr-20 0.47%
MSCI - Thermal Coal Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as earning >5% of total revenue from thermal coal production. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 30-Apr-20 0.12%
MSCI - Civilian Firearms Percentage sum of issuers within the fund that have been identified as producing firearms and small arms ammunitions for civilian markets. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 30-Apr-20 0.07%
MSCI - Oil Sands Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as earning >5% of total revenue from Oil Sands production. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 30-Apr-20 0.04%
MSCI - Tobacco Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as producing tobacco products. For further details regarding MSCI’s methodology, see footnote 4 at the bottom of the page. as of 30-Apr-20 0.73%

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for BGF Global Multi-Asset Income Fund, Class A2, as of 31-May-20 rated against 746 USD Moderate Allocation Funds.
Ratings Report

Holdings

Holdings

as of 29-May-20
Name Weight (%)
ISH US MBS ETF USD DIST 4.42
ISHARES $ HIGH YIELD CRP BND ETF $ 1.94
ISHARES $ CORPORATE BOND UCITS ETF 0.96
BGF USD HIGH YIELD BD X6 USD 0.56
GOOGL ROYAL BANK OF CANADA 10.797/21/2020 0.36
Name Weight (%)
MMM CITIGROUP INC 14.097/21/2020 0.36
MRK CITIGROUP INC 13.177/21/2020 0.35
MSFT ROYAL BANK OF CANADA 14.47/15/2020 0.35
SBUX ROYAL BANK OF CANADA 18.577/21/2020 0.35
CIFC_13-4A A1RR 144A 0.35
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-May-20

% of Market Value

Type Fund Benchmark Net
as of 29-May-20

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 29-May-20

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A2 USD None 13.88 0.03 0.22 14.59 11.82 - LU0784385840 - -
Class AI5G Hedged EUR - 9.37 0.03 0.32 10.10 8.02 - LU1960223680 - -
Class C2 USD None 11.34 0.03 0.27 11.96 9.68 - LU1005242950 - -
Class A5G USD Quarterly 9.61 0.02 0.21 10.25 8.18 - LU0784383803 - -
Class D4G Hedged CHF Annual 9.18 0.02 0.22 9.96 7.84 - LU1373034344 - -
Class C6 USD Monthly Stable 9.00 0.03 0.33 9.62 7.76 - LU1023056556 - -
Class A4G Hedged CHF Annual 8.87 0.03 0.34 9.69 7.59 - LU1373034260 - -
Class I2 USD None 11.94 0.03 0.25 12.51 10.14 - LU1523255922 - -
Class A2 Hedged CHF None 10.71 0.03 0.28 11.36 9.16 - LU0784383472 - -
Class A3G EUR Monthly 8.49 -0.02 -0.24 9.49 7.65 - LU1238068834 - -
Class A6 Hedged EUR Monthly Stable 7.64 0.02 0.26 8.30 6.63 - LU1133085917 - -
Class A8 Hedged AUD Monthly Stable with IRD 8.77 0.02 0.23 9.51 7.59 - LU0871640123 - -
Class D2 Hedged CHF None 11.09 0.03 0.27 11.73 9.47 - LU1373034187 - -
Class E2 Hedged EUR None 10.19 0.03 0.30 10.84 8.73 - LU1062843690 - -
Class A4G USD Annual 9.67 0.03 0.31 10.25 8.23 - LU1301847155 - -
Class I2 Hedged EUR None 10.08 0.03 0.30 10.67 8.60 - LU1523256144 - -
Class D2 Hedged EUR None 11.04 0.03 0.27 11.70 9.43 - LU1062843344 - -
Class A8 Hedged CNH Monthly Stable with IRD 91.54 0.27 0.30 98.02 78.93 - LU1257007564 - -
Class X2 USD None 15.94 0.05 0.31 16.66 13.52 - LU0784385766 - -
Class E9 Hedged EUR - 8.26 0.02 0.24 9.00 7.18 - LU1294567109 - -
Class A6 USD Monthly Stable 8.98 0.03 0.34 9.61 7.75 - LU0784384876 - -
Class A6 Hedged HKD Monthly Stable 86.54 0.25 0.29 92.69 74.66 - LU0784385170 - -
Class A2 Hedged EUR None 10.50 0.03 0.29 11.15 8.98 - LU0784383399 - -
Class E5G Hedged EUR Quarterly 7.67 0.02 0.26 8.32 6.57 - LU0784385501 - -
Class D2 USD None 14.31 0.04 0.28 15.00 12.16 - LU0784385337 - -
Class E2 EUR None 14.16 -0.03 -0.21 15.57 12.59 - LU0813497111 - -
Class A5G Hedged SGD Quarterly 8.32 0.02 0.24 8.95 7.10 - LU0784384363 - -
Class A8 Hedged GBP Monthly Stable with IRD 8.26 0.02 0.24 8.91 7.14 - LU1003077663 - -
Class X8 Hedged AUD Monthly Stable with IRD 9.47 0.02 0.21 10.21 8.17 - LU1270847269 - -
Class A8 Hedged NZD Monthly Stable with IRD 8.42 0.02 0.24 9.11 7.29 - LU0949170343 - -
Class D6 USD Monthly Stable 9.53 0.02 0.21 10.18 8.22 - LU1003077408 - -
Class AI2 Hedged EUR - 9.85 0.03 0.31 10.46 8.43 - LU1960223508 - -
Class I5G Hedged EUR Quarterly 8.35 0.02 0.24 8.97 7.13 - LU1129992480 - -
Class X5G GBP Hedged GBP - 9.56 0.03 0.31 10.27 8.15 - LU1877504073 - -
Class D4G Hedged EUR Annual 8.78 0.03 0.34 9.49 7.49 - LU0944772804 - -
Class D6 Hedged GBP Monthly 9.00 0.03 0.33 9.73 7.80 - LU1791173633 - -
Class A2 EUR None 12.32 -0.02 -0.16 13.52 10.94 - LU1162516477 - -
Class A8 Hedged CAD Monthly Stable with IRD 8.30 0.02 0.24 8.95 7.18 - LU1003077580 - -
Class A5G Hedged AUD Quarterly 9.17 0.02 0.22 9.92 7.84 - LU0949170269 - -
Class A6 Hedged SGD Monthly Stable 8.35 0.02 0.24 9.03 7.23 - LU0949170426 - -
Class A4G Hedged EUR Annual 8.01 0.02 0.25 8.74 6.86 - LU0784383712 - -

Portfolio Managers

Portfolio Managers

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

Literature

Literature