Multi Asset

BGF Global Allocation Fund

Overview

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Performance

Performance

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Distributions

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
- - - - -
12.12 0.12 6.28 4.32 6.48
- - - - -
6.51 -1.57 5.20 3.79 6.28
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.01 1.89 0.96 6.01 - - - - 8.39
6.65 1.98 1.32 6.65 12.12 0.37 35.61 52.71 461.87
0.71 -3.20 -4.09 0.71 - - - - 2.97
1.32 -3.12 -3.75 1.32 6.51 -4.64 28.83 45.08 433.78
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 HKD, 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

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 15-Jul-2024
USD 15,271,604,908
Fund Inception
03-Jan-1997
Fund Base Currency
USD
SFDR Classification
Other
ISIN
LU2637965430
Performance Fee
0.00%
Minimum Subsequent Investment
HKD 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BGFGBAH
Benchmark
36% S&P 500 Index, 24% FTSE World Index (Ex-US), 24% ICE BofAML Current 5Yr US Treasury Index, 16% FTSE Non-USD World Govt Bond Index
Share Class Inception Date
19-Jul-2023
Share Class Currency
HKD
Asset Class
Multi Asset
Initial Charge
5.00%
Management Fee (incl. Distribution Fee, if any)
1.50%
Minimum Initial Investment
HKD 5000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BNDC230
MAS ESG Fund
No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Jun-2024
1,266
P/E Ratio
19.30
Effective Duration
as of 28-Jun-2024
1.91yrs
Since Share Inception – Annualised Volatility
as of 30-Jun-2024
11.28
Effective Duration Fixed Income and Cash
as of 28-Jun-2024
5.25
3y Beta
as of -
-
Average Market Cap (Millions)
as of 28-Jun-2024
USD 629,542.00
5Y Annualised Volatility
as of -
-
Effective Duration Fixed Income
as of 28-Jun-2024
6.98

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 21-Jun-2024
A
MSCI ESG Quality Score (0-10)
as of 21-Jun-2024
6.68
Fund Lipper Global Classification
as of 21-Jun-2024
Mixed Asset USD Bal - Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21-Jun-2024
107.67
MSCI ESG % Coverage
as of 21-Jun-2024
87.78
MSCI ESG Quality Score - Peer Percentile
as of 21-Jun-2024
72.12
Funds in Peer Group
as of 21-Jun-2024
269
MSCI Weighted Average Carbon Intensity % Coverage
as of 21-Jun-2024
65.42
All data is from MSCI ESG Fund Ratings as of 21-Jun-2024, based on holdings as of 31-Jan-2024. 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-Jun-2024
0.03%
MSCI - Nuclear Weapons
as of 28-Jun-2024
0.02%
MSCI - Civilian Firearms
as of 28-Jun-2024
0.00%
MSCI - Tobacco
as of 28-Jun-2024
0.08%
MSCI - UN Global Compact Violators
as of 28-Jun-2024
0.10%
MSCI - Thermal Coal
as of 28-Jun-2024
0.41%
MSCI - Oil Sands
as of 28-Jun-2024
0.43%

Business Involvement Coverage
as of 28-Jun-2024
72.38%
Percentage of Fund not covered
as of 28-Jun-2024
27.54%
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 0.80% and for Oil Sands 2.64%.

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 financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Global Allocation Investment Team believes that a company's ability to manage material environmental, social and governance (ESG) issues may be relevant to the company's ability to sustain growth and generate value for shareholders over the long term, and thus ESG performance indicators are considered as part of the investment process. The team analyzes ESG data when conducting research and due diligence on new investments, and when monitoring existing investments within the portfolio. The team's ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Holdings

Holdings

as of 28-Jun-2024
Name Weight (%)
MICROSOFT CORP 3.51
NVIDIA CORP 2.43
AMAZON COM INC 2.19
ALPHABET INC CLASS C 1.77
APPLE INC 1.68
Name Weight (%)
ASML HOLDING NV 1.02
MASTERCARD INC CLASS A 0.85
UNITEDHEALTH GROUP INC 0.81
ELI LILLY 0.73
JPMORGAN CHASE & CO 0.73
as of 28-Jun-2024
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 2.3 02/15/2033 1.91
TREASURY NOTE 4.125 07/31/2028 1.30
UK CONV GILT 1.25 07/22/2027 1.26
AUSTRALIA (COMMONWEALTH OF) 1 11/21/2031 1.18
GERMANY (FEDERAL REPUBLIC OF) 1.7 08/15/2032 1.10
Name Weight (%)
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 0.90
TREASURY NOTE 4 06/30/2028 0.81
TREASURY NOTE 4.875 10/31/2028 0.64
TREASURY NOTE 5 09/30/2025 0.49
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2024 0.49

Exposure Breakdowns

Exposure Breakdowns

as of 28-Jun-2024

% of Weight

Type Fund Benchmark Net
as of 28-Jun-2024

% 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-Jun-2024

% of Weight

Type Fund Benchmark Net
as of 28-Jun-2024

% of Weight

Type Fund Benchmark Net
as of 28-Jun-2024

% 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.


% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds.

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A10 Hedged HKD 104.98 0.23 0.22 15-Jul-2024 105.03 90.31 LU2637965430
Class A10 Hedged EUR 10.49 0.03 0.29 15-Jul-2024 10.49 9.02 LU2637965786
Class A9 Hedged SGD 9.15 0.02 0.22 15-Jul-2024 9.16 7.78 LU2354320645
Class A10 Hedged CNH 102.89 0.18 0.18 15-Jul-2024 102.98 89.78 LU2637965604
Class A10 Hedged AUD 10.36 0.02 0.19 15-Jul-2024 10.37 8.99 LU2637965869
Class A10 Hedged ZAR 104.68 0.21 0.20 15-Jul-2024 104.73 90.13 LU2637965943
D4 GBP 59.46 0.05 0.08 15-Jul-2024 59.93 51.92 LU1852330908
Class A9 USD 9.51 0.02 0.21 15-Jul-2024 9.51 7.97 LU2354320561
A2 Hedged SGD 17.76 0.04 0.23 15-Jul-2024 17.76 14.76 LU0308772762
Class A10 USD 10.57 0.02 0.19 15-Jul-2024 10.58 9.05 LU2637965356
A4 EUR 69.84 0.03 0.04 15-Jul-2024 70.06 58.99 LU0408221512
Class A10 Hedged SGD 10.42 0.02 0.19 15-Jul-2024 10.43 9.00 LU2637965513
D2 Hedged EUR 50.91 0.12 0.24 15-Jul-2024 50.92 42.09 LU0329591480
A2 Hedged PLN 23.00 0.05 0.22 15-Jul-2024 23.01 18.93 LU0480534592
A4 Hedged EUR 41.28 0.10 0.24 15-Jul-2024 41.29 34.31 LU0240613025
A2 Hedged EUR 44.92 0.10 0.22 15-Jul-2024 44.94 37.34 LU0212925753
A2 Hedged GBP 38.40 0.08 0.21 15-Jul-2024 38.42 31.62 LU0236177068
A2 Hedged CHF 14.21 0.04 0.28 15-Jul-2024 14.21 11.99 LU0343169966
Class A9 Hedged AUD 9.02 0.02 0.22 15-Jul-2024 9.02 7.65 LU2354320728
D2 USD 89.84 0.21 0.23 15-Jul-2024 89.87 73.29 LU0329592538
A2 EUR 72.63 0.03 0.04 15-Jul-2024 72.86 61.35 LU0171283459
A4 USD 76.23 0.16 0.21 15-Jul-2024 76.26 62.53 LU0724617625
D2 Hedged CHF 15.53 0.03 0.19 15-Jul-2024 15.54 13.04 LU0827880260
D2 Hedged SGD 19.51 0.05 0.26 15-Jul-2024 19.51 16.12 LU0827880690
D4 Hedged EUR 41.80 0.10 0.24 15-Jul-2024 41.81 34.56 LU0827880773
D2 EUR 82.31 0.05 0.06 15-Jul-2024 82.55 69.15 LU0523293024
D2 Hedged AUD 23.84 0.05 0.21 15-Jul-2024 23.85 19.68 LU0827880187
A2 Hedged HKD 18.39 0.04 0.22 15-Jul-2024 18.40 15.19 LU0788109477
D2 Hedged PLN 25.14 0.06 0.24 15-Jul-2024 25.14 20.58 LU0827880427
D2 Hedged GBP 41.92 0.09 0.22 15-Jul-2024 41.94 34.34 LU0827880344
D4 EUR 70.78 0.04 0.06 15-Jul-2024 70.99 59.47 LU0827880005
A2 Hedged AUD 21.82 0.04 0.18 15-Jul-2024 21.83 18.11 LU0468326631
A2 HUF 28,413.86 -55.13 -0.19 15-Jul-2024 28,749.05 23,463.25 LU0566074125
A2 Hedged CNH 178.06 0.32 0.18 15-Jul-2024 178.21 148.90 LU1062906877
A2 USD 79.28 0.17 0.21 15-Jul-2024 79.31 65.03 LU0072462426

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

Russ Koesterich
Russ Koesterich

Documents

Documents