Multi Asset

BGF Global Allocation Fund

Overview

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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

Performance

Performance

Chart

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  1y 3y 5y 10y Incept.
13.84 5.57 6.59 5.06 6.77
8.15 3.78 5.50 4.52 6.54
Benchmark (%)

as of 30-Sep-2020

9.05 6.74 8.18 7.07 6.51
  YTD 6m 1y 3y 5y 10y Incept.
7.61 22.60 13.84 17.65 37.57 63.80 373.25
2.23 16.47 8.15 11.76 30.69 55.61 349.59
Benchmark (%)

as of 30-Sep-2020

3.62 17.80 9.05 21.62 48.14 97.93 347.36
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

Key Facts

Key Facts

Size of Fund (Millions) as of 30-Oct-2020 USD 13,557.511
Base Currency USD
Fund Inception 03-Jan-1997
Share Class Currency USD
Share Class Inception Date 03-Jan-1997
Additional Currencies AUD, CHF, EUR, GBP, HKD, HUF, PLN, SGD
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
Benchmark 36% S&P 500 Index, 24% FTSE World Index (Ex-US), 24% ICE BofAML Current 5Yr US Treasury Index, 16% FTSE Non-USD World Govt Bond Index
Distribution Frequency N/A
ISIN LU0072462426
Bloomberg Ticker MERGAAI
Management Fee (incl. Distribution Fee, if any) 1.50%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 30-Sep-2020 21.08
Average Market Cap (Millions) as of 30-Sep-2020 USD 312,922.82
Effective Duration as of 30-Sep-2020 2.50yrs
Effective Duration Fixed Income as of 30-Sep-2020 10.02
Effective Duration Fixed Income and Cash as of 30-Sep-2020 7.19

Holdings

Holdings

as of 30-Sep-2020
Name Weight (%)
APPLE INC 2.13
MICROSOFT CORP 2.04
AMAZON COM INC 1.97
ALPHABET INC CLASS C 1.39
UNITEDHEALTH GROUP INC 1.01
Name Weight (%)
SIEMENS N AG 0.93
MASTERCARD INC CLASS A 0.90
TAIWAN SEMICONDUCTOR MANUFACTURING 0.90
UNION PACIFIC CORP 0.89
COMCAST CORP CLASS A 0.85
as of 30-Sep-2020
Name Weight (%)
WI TREASURY (CPI) NOTE 0.125 04/15/2025 3.58
TREASURY NOTE 1.75 11/15/2029 1.98
ISHARES $ HIGH YIELD CRP BND ETF $ 1.89
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 1.36
TREASURY (CPI) NOTE 0.125 10/15/2024 1.29
Name Weight (%)
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.87
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.80
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.73
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.69
ITALY (REPUBLIC OF) 0.95 08/01/2030 0.64

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

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 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Ratings

Ratings

Morningstar Rating

4
As of 31-Oct-2020

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
A2 USD N/A 63.98 -0.70 -1.08 30-Oct-2020 LU0072462426
A2 Hedged AUD N/A 18.61 -0.21 -1.12 30-Oct-2020 LU0468326631
D4 EUR Annually 53.53 -0.58 -1.07 30-Oct-2020 LU0827880005
D2 Hedged GBP N/A 34.23 -0.38 -1.10 30-Oct-2020 LU0827880344
D2 Hedged CHF N/A 13.62 -0.15 -1.09 30-Oct-2020 LU0827880260
A2 Hedged EUR N/A 39.23 -0.43 -1.08 30-Oct-2020 LU0212925753
D2 EUR N/A 60.36 -0.66 -1.08 30-Oct-2020 LU0523293024
A4 EUR Annually 53.25 -0.58 -1.08 30-Oct-2020 LU0408221512
A2 Hedged PLN N/A 18.11 -0.21 -1.15 30-Oct-2020 LU0480534592
D4 Hedged EUR Annually 36.62 -0.41 -1.11 30-Oct-2020 LU0827880773
A4 Hedged EUR Annually 36.45 -0.41 -1.11 30-Oct-2020 LU0240613025
A2 Hedged HKD N/A 15.27 -0.17 -1.10 30-Oct-2020 LU0788109477
D2 Hedged AUD N/A 19.78 -0.22 -1.10 30-Oct-2020 LU0827880187
A2 Hedged GBP N/A 32.24 -0.35 -1.07 30-Oct-2020 LU0236177068
A4 USD Annually 62.20 -0.68 -1.08 30-Oct-2020 LU0724617625
A2 EUR N/A 54.77 -0.60 -1.08 30-Oct-2020 LU0171283459
D2 Hedged PLN N/A 19.25 -0.22 -1.13 30-Oct-2020 LU0827880427
A2 Hedged CHF N/A 12.81 -0.14 -1.08 30-Oct-2020 LU0343169966
A2 HUF N/A 20,123.92 -183.72 -0.90 30-Oct-2020 LU0566074125
D2 Hedged SGD N/A 15.90 -0.18 -1.12 30-Oct-2020 LU0827880690
D4 GBP N/A 48.32 -0.58 -1.19 30-Oct-2020 LU1852330908
D2 Hedged EUR N/A 43.24 -0.48 -1.10 30-Oct-2020 LU0329591480
D2 USD N/A 70.51 -0.77 -1.08 30-Oct-2020 LU0329592538
A2 Hedged SGD N/A 14.89 -0.16 -1.06 30-Oct-2020 LU0308772762

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
David Clayton
David Clayton
Russ Koesterich
Russ Koesterich

Documents

Documents