Multi Asset

BGF Global Multi-Asset Income 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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Distributions

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
15.25 5.73 5.23 - 4.39
9.49 3.93 4.16 - 3.71
  YTD 6m 1y 3y 5y 10y Incept.
4.51 6.28 15.25 18.18 29.06 - 40.01
-0.72 0.96 9.49 12.27 22.60 - 33.01
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 18-Jun-2021 USD 7,002.385
Base Currency U.S. Dollar
Fund Inception 28-Jun-2012
Share Class Currency Singapore Dollar
Share Class Inception Date 31-Jul-2013
Additional Currencies Australian Dollar, British Pound, Canadian Dollar, Euro, Hong Kong Dollar, New Zealand Dollar, Swiss Franc, U.S. Dollar
Asset Class Multi Asset
Morningstar Category Other Allocation
Distribution Frequency Monthly Stable
ISIN LU0949170426
Bloomberg Ticker BGMAA6S
Management Fee (incl. Distribution Fee, if any) 1.50%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 28-May-2021 18.09
Average Market Cap (Millions) as of 28-May-2021 USD 185,997.88
Modified Duration as of 28-May-2021 1.77
3y Volatility as of 31-May-2021 8.73
5yr Volatility as of 31-May-2021 6.99
Since Share Inception – Volatility as of 31-May-2021 6.40
Since Share Inception - Beta as of 30-Nov-2014 1.01

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 07-May-2021 BBB
MSCI ESG Quality Score (0-10) as of 07-May-2021 5.48
MSCI ESG Quality Score - Peer Percentile as of 07-May-2021 34.44
MSCI ESG % Coverage as of 07-May-2021 65.92
Fund Lipper Global Classification as of 07-May-2021 Mixed Asset USD Flex - Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-May-2021 245.02
Funds in Peer Group as of 07-May-2021 180
All data is from MSCI ESG Fund Ratings as of 07-May-2021, based on holdings as of 30-Nov-2020. 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 covered 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 28-May-2021 0.02%
MSCI - UN Global Compact Violators as of 28-May-2021 0.62%
MSCI - Nuclear Weapons as of 28-May-2021 0.00%
MSCI - Thermal Coal as of 28-May-2021 0.00%
MSCI - Civilian Firearms as of 28-May-2021 0.02%
MSCI - Oil Sands as of 28-May-2021 0.02%
MSCI - Tobacco as of 28-May-2021 0.30%

Business Involvement Coverage as of 28-May-2021 66.08%
Percentage of Fund not covered as of 28-May-2021 33.82%
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 0.24% and for Oil Sands 0.49%.

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.

Holdings

Holdings

as of 28-May-2021
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 3.13
ISH ED MSCI USA VAL FCTR ETF 2.42
BGF USD HIGH YIELD BD X6 USD 1.08
TAIWAN SEMICONDUCTOR MANUFACTURING 0.51
ISHARES JPM EM LCAL GVT BD ETF DST 0.49
Name Weight (%)
SANOFI SA 0.37
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.33
SAMSUNG ELECTRONICS NON VOTING PRE 0.31
MDPK_15-18A A1R 144A 0.30
CITIGROUP INC 5 12/31/2049 0.30

Exposure Breakdowns

Exposure Breakdowns

as of 28-May-2021

% of Weight

Type Fund
as of 28-May-2021

% of Weight

Type Fund
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.
Sorry, sectors are not available at this time.
as of 28-May-2021

% of Weight

Type Fund
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 Analyst Rating

Morningstar Analyst Rating - Silver
Effective 01-May-2019

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
A6 Hedged SGD Monthly Stable 9.03 -0.03 -0.33 18-Jun-2021 LU0949170426
D6 USD Monthly Stable 10.43 -0.03 -0.29 18-Jun-2021 LU1003077408
A5 USD Quarterly 10.44 -0.03 -0.29 18-Jun-2021 LU0784383803
A4 Hedged CHF Annually 9.48 -0.02 -0.21 18-Jun-2021 LU1373034260
D4 Hedged CHF Annually 9.91 -0.03 -0.30 18-Jun-2021 LU1373034344
A4 Hedged EUR Annually 8.58 -0.03 -0.35 18-Jun-2021 LU0784383712
D2 Hedged CHF N/A 12.59 -0.04 -0.32 18-Jun-2021 LU1373034187
A6 Hedged HKD Monthly Stable 93.69 -0.28 -0.30 18-Jun-2021 LU0784385170
A8 Hedged AUD Monthly Stable with IRD 9.53 -0.03 -0.31 18-Jun-2021 LU0871640123
A2 Hedged CHF N/A 12.05 -0.03 -0.25 18-Jun-2021 LU0784383472
D4 Hedged EUR Annually 9.49 -0.03 -0.32 18-Jun-2021 LU0944772804
A6 Hedged EUR Monthly Stable 8.18 -0.02 -0.24 18-Jun-2021 LU1133085917
D2 USD N/A 16.47 -0.05 -0.30 18-Jun-2021 LU0784385337
D2 Hedged EUR N/A 12.57 -0.03 -0.24 18-Jun-2021 LU1062843344
A2 Hedged EUR N/A 11.84 -0.03 -0.25 18-Jun-2021 LU0784383399
A3 EUR Monthly 8.76 0.02 0.23 18-Jun-2021 LU1238068834
A2 USD N/A 15.83 -0.05 -0.31 18-Jun-2021 LU0784385840
A5 Hedged SGD Quarterly 9.02 -0.02 -0.22 18-Jun-2021 LU0784384363
A6 USD Monthly Stable 9.72 -0.03 -0.31 18-Jun-2021 LU0784384876
A4 USD Annually 10.48 -0.03 -0.29 18-Jun-2021 LU1301847155
A2 EUR N/A 13.34 0.03 0.23 18-Jun-2021 LU1162516477
D6 Hedged GBP Monthly 9.79 -0.03 -0.31 18-Jun-2021 LU1791173633
A8 Hedged CAD Monthly Stable with IRD 8.97 -0.03 -0.33 18-Jun-2021 LU1003077580
A8 Hedged GBP Monthly Stable with IRD 8.98 -0.03 -0.33 18-Jun-2021 LU1003077663
A8 Hedged NZD Monthly Stable with IRD 9.15 -0.03 -0.33 18-Jun-2021 LU0949170343
A5 Hedged AUD Quarterly 9.91 -0.03 -0.30 18-Jun-2021 LU0949170269

Portfolio Managers

Portfolio Managers

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

Documents

Documents