Overview
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.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
Chart
Reinvestments
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Returns
The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.
Share Class and Benchmark performance displayed in GBP, 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
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.
To be included in MSCI ESG Fund Ratings, 65% 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. 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.
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 Global Allocation Investment Team believes that a company’s ability to manage material environmental, social and governance (“ESG”) issues may be essential 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 our investment process. For long-term investors like Global Allocation, incorporating ESG information into its research and investment decisions has been, and remains, very important to our fundamental investment process and our goal of seeking to maximize risk-adjusted returns.
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 of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.
Risk Indicator
Risk Indicator
Ratings
Ratings
Holdings
Holdings
| Name | Weight (%) |
|---|---|
| MICROSOFT CORP | 2.19 |
| APPLE INC | 1.79 |
| ALPHABET INC CLASS C | 1.41 |
| AMAZON COM INC | 1.35 |
| UNITEDHEALTH GROUP INC | 1.08 |
| Name | Weight (%) |
|---|---|
| CONOCOPHILLIPS | 1.00 |
| MASTERCARD INC CLASS A | 0.83 |
| ENBRIDGE INC | 0.76 |
| SIEMENS N AG | 0.73 |
| ABBOTT LABORATORIES | 0.67 |
| Name | Weight (%) |
|---|---|
| TREASURY NOTE 2.5 04/30/2024 | 7.03 |
| AUSTRALIA (COMMONWEALTH OF) 1 11/21/2031 | 1.19 |
| MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 | 0.71 |
| TREASURY BOND 2.25 02/15/2052 | 0.65 |
| CANADA (GOVERNMENT OF) 0.25 03/01/2026 | 0.46 |
| Name | Weight (%) |
|---|---|
| ITALY (REPUBLIC OF) 0.95 08/01/2030 | 0.39 |
| BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2024 | 0.39 |
| CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 | 0.29 |
| TREASURY NOTE 1.875 02/15/2032 | 0.27 |
| SPAIN (KINGDOM OF) 3.45 07/30/2066 | 0.24 |
Exposure Breakdowns
Exposure Breakdowns
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
| Investor Class | Currency | Distribution Frequency | NAV | NAV Amount Change | NAV % Change | 52wk High | 52wk Low | Bid Price | ISIN | Offer Price | TIS |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A2 Hedged | GBP | None | 34.19 | 0.71 | 2.12 | 39.46 | 32.65 | - | LU0236177068 | - | - |
| Class A9 Hedged | SGD | - | 8.73 | 0.19 | 2.22 | 10.14 | 8.33 | - | LU2354320645 | - | - |
| Class D2 | USD | None | 76.46 | 1.64 | 2.19 | 87.42 | 72.95 | - | LU0329592538 | - | - |
| Class D2 | EUR | None | 71.16 | 1.01 | 1.44 | 76.96 | 69.57 | - | LU0523293024 | - | - |
| Class A2 Hedged | AUD | None | 19.69 | 0.42 | 2.18 | 22.77 | 18.79 | - | LU0468326631 | - | - |
| Class D4 | GBP | Annual | 53.37 | 0.64 | 1.21 | 57.33 | 51.72 | - | LU1852330908 | - | - |
| Class A2 Hedged | EUR | None | 41.16 | 0.86 | 2.13 | 47.80 | 39.31 | - | LU0212925753 | - | - |
| Class A2 Hedged | CHF | None | 13.43 | 0.27 | 2.05 | 15.57 | 12.83 | - | LU0343169966 | - | - |
| Class I2 | EUR | None | 71.36 | 1.01 | 1.44 | 77.10 | 69.76 | - | LU1653088838 | - | - |
| Class A2 | HUF | None | 25,108.56 | 683.12 | 2.80 | 25,578.64 | 22,039.59 | - | LU0566074125 | - | - |
| Class A4 Hedged | EUR | Annual | 38.24 | 0.79 | 2.11 | 44.42 | 36.52 | - | LU0240613025 | - | - |
| Class A4 | EUR | Annual | 62.04 | 0.88 | 1.44 | 67.36 | 60.66 | - | LU0408221512 | - | - |
| Class A9 | USD | - | 8.76 | 0.19 | 2.22 | 10.14 | 8.36 | - | LU2354320561 | - | - |
| Class A9 Hedged | AUD | - | 8.68 | 0.19 | 2.24 | 10.13 | 8.28 | - | LU2354320728 | - | - |
| Class D4 | EUR | Annual | 62.81 | 0.89 | 1.44 | 67.94 | 61.41 | - | LU0827880005 | - | - |
| Class A2 Hedged | SGD | None | 15.88 | 0.33 | 2.12 | 18.29 | 15.16 | - | LU0308772762 | - | - |
| Class D2 Hedged | AUD | None | 21.17 | 0.45 | 2.17 | 24.38 | 20.20 | - | LU0827880187 | - | - |
| Class D2 Hedged | CHF | None | 14.45 | 0.29 | 2.05 | 16.68 | 13.80 | - | LU0827880260 | - | - |
| Class D2 Hedged | EUR | None | 45.90 | 0.96 | 2.14 | 53.09 | 43.82 | - | LU0329591480 | - | - |
| Class A2 Hedged | PLN | None | 19.40 | 0.41 | 2.16 | 22.20 | 18.49 | - | LU0480534592 | - | - |
| Class A2 | EUR | None | 63.81 | 0.90 | 1.43 | 69.28 | 62.39 | - | LU0171283459 | - | - |
| Class D2 Hedged | SGD | None | 17.17 | 0.36 | 2.14 | 19.69 | 16.38 | - | LU0827880690 | - | - |
| Class I2 | USD | None | 76.68 | 1.64 | 2.19 | 87.57 | 73.16 | - | LU0368249560 | - | - |
| Class D4 Hedged | EUR | Annual | 38.70 | 0.81 | 2.14 | 44.76 | 36.95 | - | LU0827880773 | - | - |
| Class A4 | USD | Annual | 66.66 | 1.42 | 2.18 | 76.53 | 63.63 | - | LU0724617625 | - | - |
| Class D2 Hedged | PLN | None | 20.87 | 0.44 | 2.15 | 23.78 | 19.88 | - | LU0827880427 | - | - |
| Class I2 Hedged | SGD | None | 17.21 | 0.37 | 2.20 | 19.77 | 16.42 | - | LU0810842038 | - | - |
| Class I2 Hedged | EUR | None | 45.57 | 0.95 | 2.13 | 52.65 | 43.51 | - | LU0368231949 | - | - |
| Class A2 Hedged | HKD | None | 16.31 | 0.35 | 2.19 | 18.76 | 15.57 | - | LU0788109477 | - | - |
| Class A2 Hedged | CNH | None | 162.23 | 3.48 | 2.19 | 184.45 | 154.66 | - | LU1062906877 | - | - |
| Class A2 | USD | None | 68.56 | 1.46 | 2.18 | 78.71 | 65.44 | - | LU0072462426 | - | - |
| Class D2 Hedged | GBP | None | 36.74 | 0.77 | 2.14 | 42.22 | 35.07 | - | LU0827880344 | - | - |
Portfolio Managers
Portfolio Managers
Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income.
