Multi Asset

BGF Dynamic High 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.
17.22 7.25 - - 6.63
11.35 5.43 - - 5.11
  YTD 6m 1y 3y 5y 10y Incept.
9.42 8.09 17.22 23.35 - - 25.73
3.95 2.68 11.35 17.18 - - 19.44
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 20-Sep-2021 USD 3,577.431
Base Currency U.S. Dollar
Fund Inception 06-Feb-2018
Share Class Currency U.S. Dollar
Share Class Inception Date 06-Feb-2018
Additional Currencies Australian Dollar, British Pound, Canadian Dollar, Euro, Hong Kong Dollar, New Zealand Dollar, RMB, Singapore Dollar, Swiss Franc
Asset Class Multi Asset
Morningstar Category USD Flexible Allocation
Distribution Frequency Monthly
ISIN LU1564329115
Bloomberg Ticker BGDHA6U
Management Fee (incl. Distribution Fee, if any) 1.50%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 31-Aug-2021 16.76
Average Market Cap (Millions) as of 31-Aug-2021 USD 253,853.42
Modified Duration as of 31-Aug-2021 1.97
Effective Duration as of 31-Aug-2021 0.87yrs
3y Volatility as of 31-Aug-2021 14.49
5yr Volatility as of - -
Since Share Inception - Beta as of - -

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 31-Aug-2021 0.04%
MSCI - UN Global Compact Violators as of 31-Aug-2021 0.76%
MSCI - Nuclear Weapons as of 31-Aug-2021 0.02%
MSCI - Thermal Coal as of 31-Aug-2021 0.00%
MSCI - Civilian Firearms as of 31-Aug-2021 0.05%
MSCI - Oil Sands as of 31-Aug-2021 0.00%
MSCI - Tobacco as of 31-Aug-2021 0.13%

Business Involvement Coverage as of 31-Aug-2021 69.78%
Percentage of Fund not covered as of 31-Aug-2021 30.27%
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 0.33% and for Oil Sands 0.46%.

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 31-Aug-2021
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 5.41
ISHARES CORE S&P 500 UCITS ETF (DI 2.29
ISH ED MSCI USA VAL FCTR ETF 1.01
TAIWAN SEMICONDUCTOR MANUFACTURING 0.69
MSFT MERRILL LYNCH INTERNATIONAL & CO C 7.5711/15/2021 0.52
Name Weight (%)
MSFT MERRILL LYNCH INTERNATIONAL & CO C 6.7210/22/2021 0.52
GOOGL CREDIT SUISSE AG (LONDON BRANCH) 9.69/1/2021 0.51
MSFT BARCLAYS BANK PLC 7.379/1/2021 0.50
ISHARES J.P. MORGAN $ EMER MKTS BD 0.46
RTY CITIGROUP INC 8.4110/1/2021 0.43

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
as of 31-Aug-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

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
A6 USD Monthly 9.68 -0.10 -1.02 20-Sep-2021 LU1564329115
A8 Hedged EUR Monthly 10.39 -0.11 -1.05 20-Sep-2021 LU2127174873
A6 Hedged GBP Monthly 9.09 -0.09 -0.98 20-Sep-2021 LU1733224965
D2 EUR N/A 10.83 -0.07 -0.64 20-Sep-2021 LU1811365615
D2 Hedged EUR N/A 11.80 -0.12 -1.01 20-Sep-2021 LU1811365888
A6 Hedged HKD Monthly 95.12 -0.96 -1.00 20-Sep-2021 LU1697837992
A2 Hedged CHF N/A 11.25 -0.11 -0.97 20-Sep-2021 LU1800012988
A8 Hedged CNH Monthly 97.83 -0.99 -1.00 20-Sep-2021 LU1733225004
A2 USD N/A 12.35 -0.12 -0.96 20-Sep-2021 LU1564329032
A8 Hedged AUD Monthly 9.37 -0.10 -1.06 20-Sep-2021 LU1564329545
D5 Hedged GBP Quarterly 10.27 -0.23 -2.19 20-Sep-2021 LU1940842427
A6 Hedged EUR Monthly 8.87 -0.09 -1.00 20-Sep-2021 LU1706154686
A2 Hedged SGD N/A 11.98 -0.12 -0.99 20-Sep-2021 LU1564329628
D2 USD N/A 12.69 -0.13 -1.01 20-Sep-2021 LU1564329206
A8 Hedged NZD Monthly 9.75 -0.10 -1.02 20-Sep-2021 LU1811365961
A6 Hedged CAD Monthly 9.59 -0.10 -1.03 20-Sep-2021 LU1811366001
D2 Hedged CHF N/A 11.55 -0.11 -0.94 20-Sep-2021 LU1800013010
D6 USD Monthly 9.96 -0.10 -0.99 20-Sep-2021 LU1564329388
A6 Hedged SGD Monthly 9.39 -0.09 -0.95 20-Sep-2021 LU1564329461

Portfolio Managers

Portfolio Managers

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

Documents

Documents