Multi Asset

BGF Global Multi-Asset Income Fund

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. Investors in this Fund should understand that capital growth is not a priority and values may fluctuate and the level of income may vary from time to time and is not guaranteed. The fund(s) may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.

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

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Performance

Performance

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Performance chart data not available for display.
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This chart shows the fund's performance as the percentage loss or gain per year over the last 7 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) -2.8 4.0 6.5 -7.6 10.1 3.4 4.8
  From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of 30-Sep-22

-1.40 2.46 -0.83 10.07 -17.70
  1y 3y 5y 10y Incept.
-16.84 -3.07 -1.76 - -0.14
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-17.11 1.65 -6.17 -9.94 -16.84 -8.94 -8.52 - -1.20

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 EUR, 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 25-Nov-22 USD 5,229,957,163
Share Class launch date 07-May-14
Fund Launch Date 28-Jun-12
Share Class Currency EUR
Fund Base Currency USD
Asset Class Multi Asset
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.75%
Annual Management Fee 1.50%
Performance Fee 0.00%
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment EUR 10,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category EUR Moderate Allocation - Global
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGMAA2E
ISIN LU0784383399
SEDOL B7TDZB4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Oct-22 3518
Standard Deviation (3y) as of 31-Oct-22 10.40%
P/E Ratio as of 31-Oct-22 6.00
P/B Ratio as of 31-Oct-22 1.76
Yield to Maturity as of 31-Oct-22 9.18
Modified Duration as of 31-Oct-22 3.15
Effective Duration as of 31-Oct-22 2.19
Weighted Avg Maturity as of 31-Oct-22 5.03

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.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31-Oct-22
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 3.94
ISHARES CORE S&P 500 UCITS ETF (DI 2.53
TREASURY NOTE (OLD) 4.25 09/30/2024 0.98
BGF USD HIGH YIELD BD X6 USD 0.73
CITIGROUP INC 5 12/31/2049 0.34
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING 0.33
SANOFI SA 0.29
AMERICAN TOWER REIT CORP 0.29
ASTRAZENECA PLC 0.28
STATE STREET CORP 4.29257 06/15/2037 0.28
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, geographic exposures are not available at this time.
as of 31-Oct-22

% of Market Value

Type Fund Benchmark Net
as of 31-Oct-22

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
as of 31-Oct-22

% of Market Value

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.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class A2 Hedged EUR None 10.19 0.00 0.00 25-Nov-22 11.95 9.59 LU0784383399 -
Class A8 Hedged CNH Monthly Stable with IRD 82.02 0.00 0.00 25-Nov-22 99.53 77.43 LU1257007564 -
Class A5G USD Quarterly 8.60 0.00 0.00 25-Nov-22 10.25 8.06 LU0784383803 -
Class A3G EUR Monthly 8.31 0.03 0.36 25-Nov-22 9.16 8.21 LU1238068834 -
Class I2 Hedged EUR None 10.06 0.00 0.00 25-Nov-22 11.67 9.45 LU1523256144 -
Class D4G Hedged CHF Annual 7.82 0.00 0.00 25-Nov-22 9.59 7.36 LU1373034344 -
Class D2 Hedged CHF None 10.96 0.00 0.00 25-Nov-22 12.75 10.31 LU1373034187 -
Class A8 Hedged AUD Monthly Stable with IRD 7.79 0.00 0.00 25-Nov-22 9.42 7.34 LU0871640123 -
Class A2 Hedged CHF None 10.36 0.00 0.00 25-Nov-22 12.15 9.75 LU0784383472 -
Class D2 Hedged EUR None 10.96 0.00 0.00 25-Nov-22 12.75 10.30 LU1062843344 -
Class A6 USD Monthly Stable 8.01 0.00 0.00 25-Nov-22 9.61 7.53 LU0784384876 -
Class A2 USD None 14.04 0.00 0.00 25-Nov-22 16.05 13.15 LU0784385840 -
Class A6 Hedged HKD Monthly Stable 76.41 0.00 0.00 25-Nov-22 92.49 72.02 LU0784385170 -
Class D2 USD None 14.81 0.01 0.07 25-Nov-22 16.79 13.85 LU0784385337 -
Class I5G Hedged EUR Quarterly 7.37 0.00 0.00 25-Nov-22 8.93 6.93 LU1129992480 -
Class A5G Hedged SGD Quarterly 7.38 0.00 0.00 25-Nov-22 8.86 6.92 LU0784384363 -
Class A4G Hedged EUR Annual 6.69 0.00 0.00 25-Nov-22 8.27 6.29 LU0784383712 -
Class I2 USD None 12.41 0.00 0.00 25-Nov-22 14.05 11.61 LU1523255922 -
Class D4G Hedged EUR Annual 7.50 0.00 0.00 25-Nov-22 9.19 7.05 LU0944772804 -
Class X5G GBP Hedged GBP Quarterly 8.75 0.00 0.00 25-Nov-22 10.40 8.20 LU1877504073 -
Class A6 Hedged SGD Monthly Stable 7.38 0.00 0.00 25-Nov-22 8.92 6.95 LU0949170426 -
Class A2 EUR None 13.53 0.06 0.45 25-Nov-22 14.39 13.07 LU1162516477 -
Class A8 Hedged NZD Monthly Stable with IRD 7.49 0.00 0.00 25-Nov-22 9.05 7.06 LU0949170343 -
Class A4G USD Annual 8.43 0.00 0.00 25-Nov-22 10.15 7.89 LU1301847155 -
Class D6 Hedged SGD - 9.52 0.00 0.00 25-Nov-22 10.18 8.96 LU2472302624 -
Class A5G Hedged AUD Quarterly 8.04 0.00 0.00 25-Nov-22 9.72 7.54 LU0949170269 -
Class D6 Hedged GBP Monthly 8.05 0.00 0.00 25-Nov-22 9.70 7.59 LU1791173633 -
Class A8 Hedged GBP Monthly Stable with IRD 7.32 0.00 0.00 25-Nov-22 8.87 6.90 LU1003077663 -
Class A8 Hedged CAD Monthly Stable with IRD 7.35 0.00 0.00 25-Nov-22 8.87 6.92 LU1003077580 -
Class D6 USD Monthly Stable 8.70 0.00 0.00 25-Nov-22 10.35 8.18 LU1003077408 -
Class A4G Hedged CHF Annual 7.38 0.00 0.00 25-Nov-22 9.12 6.95 LU1373034260 -
Class A6 Hedged EUR Monthly Stable 6.53 0.00 0.00 25-Nov-22 8.04 6.17 LU1133085917 -

Portfolio Managers

Portfolio Managers

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

Literature

Literature