Multi Asset

BGF ESG Multi-Asset 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

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  1y 3y 5y 10y Incept.
-4.74 4.91 6.28 5.27 4.96
-7.32 3.43 4.26 4.05 2.39
-9.50 3.13 5.20 4.73 4.55
-11.96 1.67 3.20 3.52 2.18
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.80 0.99 0.72 0.97 -4.74 15.45 35.61 67.16 87.92
2.96 0.84 0.17 -0.33 -7.32 10.64 23.21 48.73 77.80
-1.39 -4.06 -4.31 -4.08 -9.50 9.68 28.83 58.80 78.53
-2.19 -4.21 -4.84 -5.31 -11.96 5.10 17.05 41.29 68.91
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.

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 EUR.

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

Better returns begin with purpose
BGF ESG Multi-Asset Fund seeks to deliver attractive returns through a strong focus on environment, social and governance (ESG) factors
BGF Multi-asset fund

Key Facts

Key Facts

Net Assets of Fund as of 26-May-2023 EUR 6,445,045,554
Share Class Inception Date 16-Apr-2010
Fund Inception 04-Jan-1999
Share Class Currency USD
Fund Base Currency EUR
Asset Class Multi Asset
Benchmark -
SFDR Classification Article 8
Initial Charge 5.00%
Management Fee (incl. Distribution Fee, if any) 1.20%
Performance Fee 0.00%
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category USD Moderate Allocation
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFSAA2
ISIN LU0494093205
SEDOL B4XC1J6
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28-Apr-2023 776
Standard Deviation (3y) as of 30-Apr-2023 8.44%
3y Beta as of 30-Apr-2023 0.887
P/E Ratio as of 28-Apr-2023 16.93
P/B Ratio as of 28-Apr-2023 2.41
Yield to Maturity as of 28-Apr-2023 1.39
Modified Duration as of 28-Apr-2023 1.83
Effective Duration as of 28-Apr-2023 1.82yrs
Weighted Avg Maturity as of 28-Apr-2023 2.28
5Y Annualised Volatility as of 30-Apr-2023 8.79
Since Share Inception – Annualised Volatility as of 30-Apr-2023 7.41

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 19-May-2023 AA
MSCI ESG % Coverage as of 19-May-2023 82.65
MSCI ESG Quality Score (0-10) as of 19-May-2023 7.52
MSCI ESG Quality Score - Peer Percentile as of 19-May-2023 88.55
Fund Lipper Global Classification as of 19-May-2023 Mixed Asset EUR Bal - Global
Funds in Peer Group as of 19-May-2023 777
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 19-May-2023 80.23
MSCI Weighted Average Carbon Intensity % Coverage as of 19-May-2023 61.58
All data is from MSCI ESG Fund Ratings as of 19-May-2023, based on holdings as of 31-Dec-2022. 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-Apr-2023 0.01%
MSCI - UN Global Compact Violators as of 28-Apr-2023 0.01%
MSCI - Nuclear Weapons as of 28-Apr-2023 0.01%
MSCI - Thermal Coal as of 28-Apr-2023 0.01%
MSCI - Civilian Firearms as of 28-Apr-2023 0.00%
MSCI - Oil Sands as of 28-Apr-2023 0.00%
MSCI - Tobacco as of 28-Apr-2023 0.01%

Business Involvement Coverage as of 28-Apr-2023 66.62%
Percentage of Fund not covered as of 28-Apr-2023 33.38%
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 0.02% and for Oil Sands 0.31%.

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 incorporates ESG considerations throughout the investment process’ macro outlook, idea generation, implementation tools, portfolio construction, risk management, ongoing monitoring and reporting. All research ideas generated for the Fund consider the potential impact from ESG-associated risks, and these are documented as part of the investment process. Idea implementation uses a wide range of building blocks, including active mutual funds, index funds, ETFs, direct securities, derivatives, and third-party funds. The Fund manager reviews research ideas and asset allocation on a regular basis and reassesses each of the building blocks utilized to access research ideas. The choice of building block is informed by ESG considerations. For strategies with an explicit ESG objective, certain building blocks are used to comply with those guidelines. Where an ESG focused building block becomes available, it will be considered as a replacement for standard market exposure. Both the extent and impact of screens and integration are considered in the context of the investment objective / investment style of particular strategies. The Fund manager may also build bespoke thematic baskets of securities, which are subject to BlackRock baseline screens in the first instance and where appropriate, additional screening criteria. The Fund manager uses E, S, and G criteria such as headline ESG and carbon footprint during the reporting phase. These are sourced from Aladdin or directly from third-party data providers. The Fund manager conducts regular portfolio monitoring with BlackRock’s Risk and Quantitative Analysis group, as well as portfolio reviews with Chief Investment Officers. 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.

Holdings

Holdings

as of 28-Apr-2023
Name Weight (%)
ISHARES PHYSICAL GOLD 3.96
GREENCOAT UK WIND PLC 3.80
MICROSOFT CORP 3.70
TREASURY NOTE 2.75 05/31/2029 2.81
GERMANY (FEDERAL REPUBLIC OF) 0 10/10/2025 1.97
Name Weight (%)
ISHARES SUST MSCI EM SRI UCITS ETF 1.88
TREASURY NOTE 2.875 05/15/2032 1.69
SYNCONA LIMITED LTD NPV 1.47
SDCL ENERGY EFFICIENCY INCOME TRUS 1.37
GERMANY (FEDERAL REPUBLIC OF) 1.3 10/15/2027 1.29

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, markets/regions are not available at this time.
Sorry, markets/regions are not available at this time.
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 28-Apr-2023

% of Weight

Type Fund Benchmark Net
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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
A2 Hedged USD N/A 48.88 0.02 0.04 26-May-2023 52.04 46.69 LU0494093205 -
A2 EUR N/A 18.07 0.00 0.00 26-May-2023 19.69 17.55 LU0093503497 -
A2 Hedged ZAR N/A 116.94 0.06 0.05 26-May-2023 122.13 109.86 LU2250418576 -
D2 Hedged USD N/A 52.44 0.02 0.04 26-May-2023 55.60 49.93 LU0827879924 -
A2 Hedged SGD - 11.55 0.00 0.00 26-May-2023 12.41 11.11 LU2077746001 -
A2 Hedged AUD N/A 10.41 0.00 0.00 26-May-2023 11.25 10.05 LU2250418493 -
A4 EUR Annually 10.24 0.01 0.10 26-May-2023 11.15 9.94 LU2256991352 -
D2 EUR N/A 19.80 0.00 0.00 26-May-2023 21.48 19.16 LU0473185139 -
A8 Hedged SGD Monthly 10.62 0.00 0.00 26-May-2023 11.66 10.40 LU2092937148 -
A8 Hedged USD Monthly 10.77 0.01 0.09 26-May-2023 11.73 10.48 LU2092627202 -

Ratings

Ratings

Morningstar Rating

5 stars
As of 30-Apr-2023

Portfolio Managers

Portfolio Managers

Jason Byrom
Jason Byrom
Conan McKenzie
Conan McKenzie

Documents

Documents