Multi Asset

Global Target Return Growth 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.

Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Asset backed securities and mortgage backed securities are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.
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Performance

Performance

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This chart shows the fund's performance as the percentage loss or gain per year over the last 2 years.

  2019 2020 2021 2022 2023
Total Return (%) -13.9 9.0
Comparator Benchmark 1 (%) 1.5 5.1

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
9.51 - - - -0.13
Comparator Benchmark 1 (%) 5.30 - - - 2.76
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.95 1.70 6.12 6.10 9.51 - - - -0.36
Comparator Benchmark 1 (%) 0.86 0.42 1.33 2.70 5.30 - - - 7.65
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of 31/Dec/2023

- - - -13.95 9.03
Comparator Benchmark 1 (%)

as of 31/Dec/2023

- - - 1.53 5.10

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 USD, 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 27/Mar/2024 USD 5,077,565
Share Class launch date 17/Jun/2021
Fund Launch Date 17/Jun/2021
Share Class Currency USD
Fund Base Currency USD
Asset Class Multi Asset
Comparator Benchmark 1 ICE BofA US T-Bill 0-3 Month (G0B1)
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.01%
ISIN IE00BMDQ5926
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment USD 1,000,000.00
Minimum Subsequent Investment USD 10,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
SEDOL BMDQ592

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 29/Feb/2024 28
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of 29/Feb/2024 0.00
P/B Ratio as of 29/Feb/2024 0.00
Yield to Maturity as of 29/Feb/2024 2.16
Modified Duration as of 29/Feb/2024 1.49
Effective Duration as of 29/Feb/2024 1.48
Weighted Avg Maturity as of 29/Feb/2024 2.06

Sustainability Characteristics

Sustainability Characteristics

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. 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 29/Feb/2024 0.20%
MSCI - UN Global Compact Violators as of 29/Feb/2024 0.27%
MSCI - Nuclear Weapons as of 29/Feb/2024 0.25%
MSCI - Thermal Coal as of 29/Feb/2024 0.11%
MSCI - Civilian Firearms as of 29/Feb/2024 0.08%
MSCI - Oil Sands as of 29/Feb/2024 0.04%
MSCI - Tobacco as of 29/Feb/2024 0.18%

Business Involvement Coverage as of 29/Feb/2024 72.00%
Percentage of Fund not covered as of 29/Feb/2024 28.00%
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 0.67% and for Oil Sands 0.82%.

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 Fund manager includes ESG considerations in the research and underlying strategy due diligence phases of the investment process. This may include third party and internal considerations, as defined by the portfolio management team. Internal considerations may include exposures to climate and disaster events, as well as sovereign social and governance concerns. Where appropriate, the portfolio management team also analyzes ESG exposures and investment characteristics within underlying strategies. These criteria are part of a number of considerations that factor into investment decisions. The Fund manager may include ESG criteria in the ongoing monitoring of the overall portfolio, including underlying strategies as well as tactical positioning. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. Where appropriate, these reviews include discussion of the portfolio’s exposure to material ESG risks.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 29/Feb/2024
Name Weight (%)
MICROSOFT CORP 2.45
APPLE INC 2.20
USD CASH(Alpha Committed) 1.83
TRI-PARTY BNP PARIBAS 1.54
NVIDIA CORP 1.54
Name Weight (%)
AMAZON COM INC 1.33
TREASURY FLOATING RATE NOTE 5.362744378 07/31/2024 1.30
TRI-PARTY TD SECURITIES (USA) LLC 0.91
TRI-PARTY CREDIT AGRICOLE CIB (NEW 0.83
TRI-PARTY CITIGROUP GLOBAL MARKETS 0.82
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.
Sorry, geographic exposures are not available at this time.
as of 29/Feb/2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
Sorry, ratings are not available at this time.
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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class X USD 101.56 -0.07 -0.07 27/Mar/2024 101.83 89.07 IE00BMDQ5926
Class D USD 99.52 -0.07 -0.07 27/Mar/2024 99.80 87.55 IE00BMDQ5B46
Class I USD 99.98 -0.07 -0.07 27/Mar/2024 100.26 87.91 IE00BMDQ5C52
Class A USD 98.00 -0.07 -0.08 27/Mar/2024 98.28 86.42 IE00BMDQ5819

Portfolio Managers

Portfolio Managers

Daniel Caderas
Daniel Caderas

Literature

Literature