Multi Asset

BGF Global Multi-Asset Income Fund

  • NAV as of 04-Dec-2025 EUR 12.13
    52 WK: 10.81 - 12.14
  • 1 Day NAV Change as of 04-Dec-2025 EUR 0.02 (0.17%)

Overview

Investment Approach

The Global Multi-Asset Income Fund follows a flexible asset allocation policy that seeks an above average income without sacrificing long term capital growth. The Fund invests globally in the full spectrum of permitted investments including equities, equity-related securities, fixed income transferable securities (which may include some high yield fixed income transferable securities), units of undertakings for collective investment, cash, deposits and money market instruments. Currency exposure is flexibly managed.
Managing income for a better outcome



A go-anywhere income solution

Core, “one-stop shop” seeking to provide regular income and meaningful diversification

Focused on managing volatility

Risk first mandate diversified across stocks, bonds and non-traditional income sources

Seeking competitive income with less volatility

Seeking to deliver yield with carefully managed levels of risk


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Performance

Performance

Chart

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  1y 3y 5y 10y Incept.
Total Return (%) 5.30 6.06 1.61 2.05 1.68
Total Return (%) Base Share Class 7.73 8.44 3.70 4.26 4.41
Total Return – Max. IC applied (%) 0.03 4.26 0.57 1.53 1.23
Total Return – Max. IC applied (%) Base Share Class 2.34 6.60 2.64 3.72 4.01
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 7.64 0.58 1.59 5.03 5.30 19.29 8.31 22.54 21.20
Total Return (%) Base Share Class 9.92 0.73 2.18 6.38 7.73 27.52 19.89 51.70 78.40
Total Return – Max. IC applied (%) 2.26 -4.45 -3.49 -0.23 0.03 13.32 2.89 16.42 15.14
Total Return – Max. IC applied (%) Base Share Class 4.42 -4.30 -2.93 1.06 2.34 21.14 13.90 44.12 69.48

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) -2.79 4.00 6.50 -7.59 10.11 3.36 4.84 -15.52 7.05 4.45
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

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

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

Key Facts

Key Facts

Net Assets of Fund
as of 04-Dec-2025
USD 4,201,278,239
Fund Inception
28-Jun-2012
Fund Base Currency
USD
Benchmark
-
Initial Charge
5.00%
ISIN
LU0784383399
Performance Fee
0.00%
Minimum Subsequent Investment
USD 10000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
B3F5 GR
MAS ESG Fund
No
Share Class Inception Date
07-May-2014
Share Class Currency
EUR
Asset Class
Multi Asset
SFDR Classification
Other
Management Fee
1.50%
Management Fee (incl. Distribution Fee, if any)
1.50%
Minimum Initial Investment
USD 5000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Moderate Allocation - Global
Dealing Frequency
Daily, forward pricing basis
SEDOL
B7TDZB4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Nov-2025
3
P/E Ratio
as of 28-Nov-2025
16.86
Yield to Maturity
as of 28-Nov-2025
9.84
Effective Duration
as of 28-Nov-2025
1.98yrs
5Y Annualised Volatility
as of 30-Nov-2025
7.48
Standard Deviation (3y)
as of 30-Nov-2025
6.47%
P/B Ratio
as of 28-Nov-2025
2.09
Modified Duration
as of 28-Nov-2025
2.64
Weighted Avg Maturity
as of 28-Nov-2025
2.50
Since Share Inception – Annualised Volatility
as of 30-Nov-2025
7.00

Ratings

Ratings

Holdings

Holdings

as of 28-Nov-2025
Name Weight (%)
ISH MSCI EM USD ETF DIST 2.03
ISHARES $ HIGH YIELD CRP BND ETF $ 0.99
ISHARES $ SHORT DURATION CORPORATE 0.83
BEIGNET INVESTOR LLC 144A 6.581 05/30/2049 0.61
MICROSOFT CORP 0.33
Name Weight (%)
BROADCOM INC 0.31
GCBSL_25-79A A 144A 0.27
HUB INTERNATIONAL LTD 144A 7.375 01/31/2032 0.26
ELI LILLY 0.25
ALPHABET INC CLASS A 0.25

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, markets/regions are not available at this time.
as of 28-Nov-2025

% 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.
as of 28-Nov-2025

% of Weight

Type Fund
Sorry, maturities are not available at this time.
as of 28-Nov-2025

% 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%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 Hedged EUR 12.13 0.02 0.17 04-Dec-2025 12.14 10.81 LU0784383399
A2 USD 17.85 0.02 0.11 04-Dec-2025 17.85 15.64 LU0784385840
A6 Hedged JPY 959.00 1.00 0.10 04-Dec-2025 995.00 903.00 LU2655523079
D6 Hedged SGD 9.73 0.01 0.10 04-Dec-2025 9.84 9.02 LU2472302624
A6 Hedged HKD 77.18 0.11 0.14 04-Dec-2025 78.00 71.62 LU0784385170
D2 Hedged CHF 12.56 0.02 0.16 04-Dec-2025 12.59 11.29 LU1373034187
A6 USD 8.44 0.02 0.24 04-Dec-2025 8.51 7.71 LU0784384876
A6 Hedged CHF 9.75 0.01 0.10 04-Dec-2025 10.13 9.21 LU2655523152
A4G USD 8.93 0.01 0.11 04-Dec-2025 9.31 8.34 LU1301847155
A4G Hedged CHF 6.82 0.00 0.00 04-Dec-2025 7.22 6.58 LU1373034260
D2 Hedged EUR 13.40 0.02 0.15 04-Dec-2025 13.40 11.87 LU1062843344
A6 Hedged EUR 6.40 0.01 0.16 04-Dec-2025 6.49 5.95 LU1133085917
A5G Hedged SGD 7.33 0.01 0.14 04-Dec-2025 7.46 6.77 LU0784384363
A5G USD 9.08 0.01 0.11 04-Dec-2025 9.13 8.23 LU0784383803
A8 Hedged CNH 85.18 0.11 0.13 04-Dec-2025 85.72 77.77 LU1257007564
A4G Hedged EUR 6.62 0.00 0.00 04-Dec-2025 6.95 6.30 LU0784383712
A2 Hedged CHF 11.54 0.01 0.09 04-Dec-2025 11.58 10.43 LU0784383472
D2 USD 19.34 0.03 0.16 04-Dec-2025 19.34 16.85 LU0784385337
A8 Hedged AUD 8.19 0.02 0.24 04-Dec-2025 8.26 7.50 LU0871640123
D4G Hedged CHF 7.44 0.01 0.13 04-Dec-2025 7.84 7.13 LU1373034344
A3G EUR 7.75 0.00 0.00 04-Dec-2025 8.59 7.40 LU1238068834
A8 Hedged GBP 7.79 0.01 0.13 04-Dec-2025 7.86 7.14 LU1003077663
A8 Hedged NZD 7.87 0.01 0.13 04-Dec-2025 7.94 7.23 LU0949170343
D6 USD 9.44 0.02 0.21 04-Dec-2025 9.51 8.57 LU1003077408
D4G Hedged EUR 7.64 0.01 0.13 04-Dec-2025 7.99 7.21 LU0944772804
A2 EUR 15.30 0.01 0.07 04-Dec-2025 16.06 13.98 LU1162516477
D6 Hedged GBP 8.55 0.01 0.12 04-Dec-2025 8.63 7.80 LU1791173633
A6 Hedged SGD 7.29 0.01 0.14 04-Dec-2025 7.42 6.80 LU0949170426
A8 Hedged CAD 7.69 0.01 0.13 04-Dec-2025 7.76 7.04 LU1003077580
A5G Hedged AUD 8.13 0.01 0.12 04-Dec-2025 8.18 7.41 LU0949170269

Portfolio Managers

Portfolio Managers

Alex Shingler, CFA
Alex Shingler, CFA
Managing Director

  

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Alex Shingler, CFA, Managing Director, is the Co-Head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions (MASS) group. The MASS Income team manages strategies that seek to deliver attractive risk-adjusted income and total return across multiple risk profiles to clients globally.  Mr. Shingler is a member of the MASS Executive Committee. 

 

Mr. Shingler has spent his career investing across equity and fixed income markets.  Prior to his current role, he served as a portfolio manager and research analyst within BlackRock's European and US credit businesses. Before joining BlackRock in 2009 in London, Mr. Shingler focused on special situation equity investments.

 

Mr. Shingler earned an AB degree, summa cum laude, in philosophy from Princeton University.  He grew up in Montreal, Canada and resides in the New York City area with his wife and daughter. 

Justin Christofel, CFA, CAIA
Justin Christofel, CFA, CAIA
Managing Director

  

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Justin Christofel, CFA, CAIA, Managing Director, is the Co-Head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions (MASS) group.  The MASS Income team manages strategies that seek to deliver attractive risk-adjusted income and total return across multiple risk profiles to clients globally.  Mr. Christofel is a member of the MASS Executive Committee and Blackrock’s Global Human Capital Committee. 

 

Prior to the launch of the Income strategies, Mr. Christofel managed customized asset allocation portfolios for institutional investors. He also managed volatility control strategies, and a multi-asset real return portfolio. Mr. Christofel joined Blackrock in 2007 from Oliver Wyman, a consulting firm specializing in financial services. His projects spanned from retail banking to structured finance.

 

Mr. Christofel graduated from Yale University with a BA degree, with honors, in economics and mathematics.

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Documents

Documents