Multi Asset

BGF Global Multi-Asset Income Fund

  • NAV as of 25-May-22 CAD 7.75
    52 WK: 7.69 - 9.04
  • 1 Day NAV Change as of 25-May-22 0.03 (0.39%)

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. 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.

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Performance

Performance

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Share Class performance displayed in CAD and Benchmark performance displayed in USD. Source: BlackRock. Performance is shown on a net asset value basis, with gross income reinvested. Past performance is not a guide to future performance.

Distributions

Record Date Ex-Date Payable Date
View full table
Record Date Ex-Date Payable Date Total Distribution
  From
31-Mar-2017
To
31-Mar-2018		 From
31-Mar-2018
To
31-Mar-2019		 From
31-Mar-2019
To
31-Mar-2020		 From
31-Mar-2020
To
31-Mar-2021		 From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of 31-Mar-22

3.23 2.00 -6.61 20.31 -0.88
  1y 3y 5y 10y Incept.
Total Return (%)

as of 30-Apr-22

-6.01 2.12 2.30 - 2.76
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of 30-Apr-22

-7.63 -3.31 -4.78 -6.01 6.49 12.06 - 25.35

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 CAD, 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

Size of Fund (Millions) as of 25-May-22 USD 5,815.980
12m Trailing Yield as of 30-Apr-22 5.17
Number of Holdings as of 29-Apr-22 3767
Base Currency U.S. Dollar
Fund Launch Date 28-Jun-12
Inception Date 08-Jan-14
Asset Class Multi Asset
Morningstar Category Other Allocation
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.75%
ISIN LU1003077580
Bloomberg Ticker BGMAA8C
Annual Management Fee 1.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BH7T3Z4
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment CAD 5,000.00
Minimum Subsequent Investment CAD 10,000.00
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of - -
3y Beta as of - -
5y Volatility - Benchmark as of - -
5y Beta as of - -

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 06-May-22 AAA
MSCI ESG % Coverage as of 06-May-22 100.00
MSCI ESG Quality Score (0-10) as of 06-May-22 9.53
MSCI ESG Quality Score - Peer Percentile as of 06-May-22 92.58
Fund Lipper Global Classification as of 06-May-22 Equity Global Income
Funds in Peer Group as of 06-May-22 485
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 06-May-22 42.89
MSCI Weighted Average Carbon Intensity % Coverage as of 06-May-22 98.80
All data is from MSCI ESG Fund Ratings as of 06-May-22, based on holdings as of 30-Nov-21. 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 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. 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.

MSCI - Controversial Weapons as of 29-Apr-22 0.00%
MSCI - UN Global Compact Violators as of 29-Apr-22 0.43%
MSCI - Nuclear Weapons as of 29-Apr-22 0.00%
MSCI - Thermal Coal as of 29-Apr-22 0.01%
MSCI - Civilian Firearms as of 29-Apr-22 0.03%
MSCI - Oil Sands as of 29-Apr-22 0.01%
MSCI - Tobacco as of 29-Apr-22 0.36%
Business Involvement Coverage as of 29-Apr-22 63.47%
Percentage of Fund not covered as of 29-Apr-22 36.98%
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 0.17% and for Oil Sands 0.75%.

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 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

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

Ratings

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 01-May-19)
Ratings Report

Holdings

Holdings

as of 29-Apr-22
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 4.27
ISHARES J.P. MORGAN $ EMER MKTS BD 0.93
BGF USD HIGH YIELD BD X6 USD 0.62
TAIWAN SEMICONDUCTOR MANUFACTURING 0.46
MICROSOFT CORP 0.39
Name Weight (%)
SANOFI SA 0.31
GOOGL NOMURA BANK INTERNATIONAL PLC 12.425/26/2022 0.31
NOVO NORDISK CLASS B 0.29
CITIGROUP INC 5 12/31/2049 0.29
ASTRAZENECA PLC 0.28
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Apr-22

% of Market Value

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 29-Apr-22

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 29-Apr-22

% 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 A8 Hedged CAD Monthly Stable with IRD 7.75 0.03 0.39 9.04 7.69 - LU1003077580 - -
Class I2 USD None 12.59 0.04 0.32 14.06 12.49 - LU1523255922 - -
Class E9 Hedged EUR - 7.50 0.02 0.27 8.88 7.44 - LU1294567109 - -
Class AI5G Hedged EUR Quarterly 8.60 0.02 0.23 10.14 8.54 - LU1960223680 - -
Class A8 Hedged CNH Monthly Stable with IRD 87.14 0.27 0.31 100.90 86.43 - LU1257007564 - -
Class A3G EUR Monthly 8.48 0.08 0.95 9.16 8.40 - LU1238068834 - -
Class D6 Hedged SGD - 9.98 0.04 0.40 10.00 9.90 - LU2472302624 - -
Class D4G Hedged CHF Annual 8.53 0.02 0.24 10.04 8.47 - LU1373034344 - -
Class D2 Hedged CHF None 11.35 0.04 0.35 12.82 11.26 - LU1373034187 - -
Class A2 Hedged CHF None 10.77 0.04 0.37 12.25 10.69 - LU0784383472 - -
Class A5G USD Quarterly 9.03 0.02 0.22 10.52 8.96 - LU0784383803 - -
Class A4G Hedged CHF Annual 8.09 0.03 0.37 9.58 8.03 - LU1373034260 - -
Class A4G USD Annual 9.06 0.03 0.33 10.61 8.99 - LU1301847155 - -
Class E2 Hedged EUR None 10.18 0.04 0.39 11.61 10.10 - LU1062843690 - -
Class D2 Hedged EUR None 11.33 0.03 0.27 12.80 11.25 - LU1062843344 - -
Class A8 Hedged AUD Monthly Stable with IRD 8.23 0.03 0.37 9.61 8.16 - LU0871640123 - -
Class C6 USD Monthly Stable 8.42 0.03 0.36 9.82 8.36 - LU1023056556 - -
Class A6 Hedged EUR Monthly Stable 6.99 0.02 0.29 8.24 6.93 - LU1133085917 - -
Class C2 USD None 11.42 0.04 0.35 12.96 11.33 - LU1005242950 - -
Class I2 Hedged EUR None 10.39 0.03 0.29 11.72 10.31 - LU1523256144 - -
Class X2 USD None 17.01 0.05 0.29 18.93 16.87 - LU0784385766 - -
Class I5G Hedged EUR Quarterly 7.84 0.02 0.26 9.14 7.78 - LU1129992480 - -
Class E5G Hedged EUR Quarterly 6.97 0.02 0.29 8.26 6.92 - LU0784385501 - -
Class A6 USD Monthly Stable 8.41 0.03 0.36 9.80 8.34 - LU0784384876 - -
Class D2 USD None 15.04 0.05 0.33 16.81 14.92 - LU0784385337 - -
Class A6 Hedged HKD Monthly Stable 80.81 0.25 0.31 94.41 80.18 - LU0784385170 - -
Class E2 EUR None 15.29 0.14 0.92 16.22 14.74 - LU0813497111 - -
Class A2 Hedged EUR None 10.59 0.03 0.28 12.04 10.51 - LU0784383399 - -
Class A5G Hedged SGD Quarterly 7.79 0.02 0.26 9.09 7.73 - LU0784384363 - -
Class A2 USD None 14.33 0.05 0.35 16.12 14.22 - LU0784385840 - -
Class X5G GBP Hedged GBP Quarterly 9.21 0.03 0.33 10.61 9.14 - LU1877504073 - -
Class D6 USD Monthly Stable 9.09 0.03 0.33 10.51 9.02 - LU1003077408 - -
Class A4G Hedged EUR Annual 7.33 0.02 0.27 8.68 7.28 - LU0784383712 - -
Class D4G Hedged EUR Annual 8.18 0.03 0.37 9.62 8.11 - LU0944772804 - -
Class A5G Hedged AUD Quarterly 8.52 0.02 0.24 9.99 8.46 - LU0949170269 - -
Class X8 Hedged AUD Monthly Stable with IRD 9.13 0.03 0.33 10.53 9.05 - LU1270847269 - -
Class A2 EUR None 13.43 0.13 0.98 14.22 12.89 - LU1162516477 - -
Class A8 Hedged GBP Monthly Stable with IRD 7.76 0.02 0.26 9.05 7.70 - LU1003077663 - -
Class A8 Hedged NZD Monthly Stable with IRD 7.92 0.03 0.38 9.23 7.85 - LU0949170343 - -
Class AI2 Hedged EUR - 9.93 0.03 0.30 11.29 9.86 - LU1960223508 - -
Class A6 Hedged SGD Monthly Stable 7.79 0.02 0.26 9.10 7.73 - LU0949170426 - -
Class D6 Hedged GBP Monthly 8.50 0.02 0.24 9.86 8.44 - LU1791173633 - -

Portfolio Managers

Portfolio Managers

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

Literature

Literature