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

Chart

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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 (%) -14.6 8.2
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.
9.27 0.21 - - 0.45
Comparator Benchmark 1 (%) 5.45 3.10 - - 3.06
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.64 2.00 1.53 5.64 9.27 0.62 - - 1.36
Comparator Benchmark 1 (%) 2.67 0.41 1.34 2.67 5.45 9.58 - - 9.59
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30/Jun/2024

- - -9.90 2.20 9.27
Comparator Benchmark 1 (%)

as of 30/Jun/2024

- - - 3.73 5.45

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 19/Jul/2024
USD 5,215,235
Fund Launch Date
17/Jun/2021
Fund Base Currency
USD
Comparator Benchmark 1
ICE BofA US T-Bill 0-3 Month (G0B1)
Initial Charge
0.00%
ISIN
IE00BMDQ5B46
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
SEDOL
BMDQ5B4
Share Class launch date
17/Jun/2021
Share Class Currency
USD
Asset Class
Multi Asset
SFDR Classification
Other
Ongoing Charges Figures
0.75%
Annual Management Fee
0.00%
Minimum Initial Investment
USD 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
24
3y Beta
as of 30/Jun/2024
3.258
P/B Ratio
as of 28/Jun/2024
0.00
Modified Duration
as of 28/Jun/2024
2.95
Weighted Avg Maturity
as of 28/Jun/2024
3.85
Standard Deviation (3y)
as of 30/Jun/2024
9.06%
P/E Ratio
as of 28/Jun/2024
0.00
Yield to Maturity
as of 28/Jun/2024
2.73
Effective Duration
as of 28/Jun/2024
2.92

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

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

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31/May/2024)

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
USD CASH(Alpha Committed) 2.58
MICROSOFT CORP 1.79
APPLE INC 1.64
NVIDIA CORP 1.62
TREASURY BILL 07/25/2024 1.51
Name Weight (%)
Implied Cash (Lookthrough) 1.36
TREASURY FLOATING RATE NOTE 5.342203313 07/31/2024 1.34
TREASURY BILL 08/08/2024 1.05
AMAZON COM INC 1.03
TREASURY BILL 07/05/2024 0.90
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 28/Jun/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 D USD 101.99 -0.57 -0.56 19/Jul/2024 102.89 87.55 IE00BMDQ5B46
Class I USD 102.50 -0.57 -0.55 19/Jul/2024 103.40 87.91 IE00BMDQ5C52
Class X USD 104.31 -0.58 -0.55 19/Jul/2024 105.23 89.07 IE00BMDQ5926
Class A USD 100.25 -0.56 -0.56 19/Jul/2024 101.14 86.42 IE00BMDQ5819

Portfolio Managers

Portfolio Managers

Daniel Caderas
Daniel Caderas

Literature

Literature