Multi Asset

BGF Global Multi-Asset Income Fund

  • NAV as of 07-Jun-2023 CHF 7.39
    52 WK: 6.95 - 8.19
  • 1 Day NAV Change as of 07-Jun-2023 0.02 (0.27%)

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” designed to provide regular income and meaningful diversification

Focused on managing volatility

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

Proven record of attractive income with less volatility

Yield delivered with carefully managed levels of risk


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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

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Distribution
  1y 3y 5y 10y Incept.
Total Return (%) -6.22 -0.93 -0.98 - 0.36
Total Return (%) Base Share Class -2.33 1.32 1.74 2.45 3.30
Total Return – Max. IC applied (%) -10.90 -2.61 -1.99 - -0.36
Total Return – Max. IC applied (%) Base Share Class -7.21 -0.40 0.71 1.92 2.81
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 0.55 -2.01 -1.08 -0.41 -6.22 -2.76 -4.79 - 2.60
Total Return (%) Base Share Class 2.37 -1.59 0.07 1.86 -2.33 4.01 9.03 27.35 42.50
Total Return – Max. IC applied (%) -4.48 -6.91 -6.03 -5.39 -10.90 -7.62 -9.55 - -2.53
Total Return – Max. IC applied (%) Base Share Class -2.75 -6.51 -4.93 -3.23 -7.21 -1.19 3.58 20.98 35.38
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 CHF 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

Net Assets of Fund as of 07-Jun-2023 USD 4,989,584,229
Share Class Inception Date 16-Mar-2016
Fund Inception 28-Jun-2012
Share Class Currency CHF
Fund Base Currency USD
Asset Class Multi Asset
Benchmark -
SFDR Classification Other
Initial Charge 5.00%
Management Fee (incl. Distribution Fee, if any) 1.50%
Performance Fee 0.00%
Minimum Initial Investment CHF 5000
Minimum Subsequent Investment CHF 1000
Distribution Frequency Annually
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category CHF Moderate Allocation
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGMA4GC
ISIN LU1373034260
SEDOL BZ604G2
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-May-2023 3,489
Standard Deviation (3y) as of 31-May-2023 8.54%
3y Beta as of - -
P/E Ratio as of 31-May-2023 12.27
P/B Ratio as of 31-May-2023 1.46
Yield to Maturity as of 31-May-2023 9.50
Modified Duration as of 31-May-2023 3.26
Effective Duration as of 31-May-2023 2.53yrs
Weighted Avg Maturity as of 31-May-2023 5.58
5Y Annualised Volatility as of 31-May-2023 8.83
Since Share Inception – Annualised Volatility as of 31-May-2023 7.56

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-Apr-2023
Name Weight (%)
ISH US MBS ETF USD DIST 2.99
ISHARES $ CORPORATE BOND UCITS ETF 2.23
ISHARES $ SHORT DURATION CORPORATE 1.45
BGF USD HIGH YIELD BD X6 USD 0.74
TAIWAN SEMICONDUCTOR MANUFACTURING 0.47
Name Weight (%)
MICROSOFT CORP 0.46
SANOFI SA 0.37
ISHARES $ HIGH YIELD CRP BND ETF $ 0.35
ASTRAZENECA PLC 0.34
MEDTRONIC PLC 0.30

Exposure Breakdowns

Exposure Breakdowns

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

% 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 28-Apr-2023

% of Weight

Type Fund Benchmark Net
Sorry, maturities are not available at this time.
as of 28-Apr-2023

% 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%

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
A4 Hedged CHF Annually 7.39 0.02 0.27 07-Jun-2023 8.19 6.95 LU1373034260 -
A8 Hedged AUD Monthly Stable with IRD 7.72 0.02 0.26 07-Jun-2023 8.31 7.34 LU0871640123 -
A2 USD N/A 14.41 0.05 0.35 07-Jun-2023 14.71 13.15 LU0784385840 -
A2 Hedged EUR N/A 10.30 0.03 0.29 07-Jun-2023 10.73 9.59 LU0784383399 -
A5 Hedged SGD Quarterly 7.32 0.02 0.27 07-Jun-2023 7.90 6.92 LU0784384363 -
A4 USD Annually 8.65 0.03 0.35 07-Jun-2023 9.21 7.89 LU1301847155 -
A6 Hedged EUR Monthly Stable 6.36 0.02 0.32 07-Jun-2023 7.05 6.17 LU1133085917 -
D2 Hedged CHF N/A 11.04 0.03 0.27 07-Jun-2023 11.50 10.31 LU1373034187 -
A4 Hedged EUR Annually 6.76 0.02 0.30 07-Jun-2023 7.43 6.29 LU0784383712 -
A8 Hedged CNH Monthly Stable with IRD 80.06 0.25 0.31 07-Jun-2023 87.89 77.43 LU1257007564 -
A3 EUR Monthly 7.97 -0.02 -0.25 07-Jun-2023 8.95 7.82 LU1238068834 -
A6 USD Monthly Stable 7.94 0.03 0.38 07-Jun-2023 8.49 7.53 LU0784384876 -
A2 Hedged CHF N/A 10.38 0.03 0.29 07-Jun-2023 10.91 9.75 LU0784383472 -
D6 USD Monthly Stable 8.67 0.03 0.35 07-Jun-2023 9.18 8.18 LU1003077408 -
A5 USD Quarterly 8.59 0.03 0.35 07-Jun-2023 9.16 8.06 LU0784383803 -
D4 Hedged CHF Annually 7.88 0.03 0.38 07-Jun-2023 8.64 7.36 LU1373034344 -
D4 Hedged EUR Annually 7.61 0.02 0.26 07-Jun-2023 8.29 7.05 LU0944772804 -
D2 USD N/A 15.26 0.05 0.33 07-Jun-2023 15.54 13.85 LU0784385337 -
A6 Hedged HKD Monthly Stable 75.14 0.23 0.31 07-Jun-2023 81.53 72.02 LU0784385170 -
D2 Hedged EUR N/A 11.13 0.04 0.36 07-Jun-2023 11.49 10.30 LU1062843344 -
A2 EUR N/A 13.42 -0.04 -0.30 07-Jun-2023 14.39 12.97 LU1162516477 -
A5 Hedged AUD Quarterly 7.94 0.03 0.38 07-Jun-2023 8.64 7.54 LU0949170269 -
D6 Hedged GBP Monthly 7.96 0.02 0.25 07-Jun-2023 8.59 7.59 LU1791173633 -
A8 Hedged GBP Monthly Stable with IRD 7.27 0.02 0.28 07-Jun-2023 7.83 6.90 LU1003077663 -
A8 Hedged CAD Monthly Stable with IRD 7.29 0.03 0.41 07-Jun-2023 7.82 6.92 LU1003077580 -
A8 Hedged NZD Monthly Stable with IRD 7.44 0.02 0.27 07-Jun-2023 7.99 7.06 LU0949170343 -
A6 Hedged SGD Monthly Stable 7.26 0.02 0.28 07-Jun-2023 7.86 6.95 LU0949170426 -

Ratings

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.

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