Multi Asset

BGF Sustainable Global Allocation 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. The value of equities and equity-related securities can be affected by daily stock market movements, political factors, economic news, company earnings and significant corporate events. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

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

  2020 2021 2022 2023 2024
Total Return (%) EUR 11.8 7.3
Constraint Benchmark 1 (%) USD 15.4 9.5

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

  1y 3y 5y 10y Incept.
9.90 9.84 - - 10.67
Constraint Benchmark 1 (%) USD 13.12 12.70 - - 14.17
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
12.59 -0.29 4.71 9.63 9.90 32.53 - - 37.70
Constraint Benchmark 1 (%) USD 15.76 0.09 3.80 9.83 13.12 43.16 - - 51.93
  From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
From
30-Sept-2024
To
30-Sept-2025
Total Return (%) EUR

as of 30/Sept/2025

- - - 19.89 7.06
Constraint Benchmark 1 (%) USD

as of 30/Sept/2025

- - - 23.57 11.22

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

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 04/Dec/2025
USD 241,590,972
Fund Launch Date
04/Oct/2022
Fund Base Currency
USD
Constraint Benchmark 1
MSCI All Country World Index (60%) and Bloomberg Global Aggregate Index (40%)
SDR classification
ESG Overseas
Ongoing Charges Figures
0.74%
ISIN
LU2488122222
Minimum Initial Investment
USD 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Moderate Allocation - Global
Dealing Frequency
Daily, forward pricing basis
SEDOL
BMHG435
Share Class launch date
04/Oct/2022
Share Class Currency
EUR
Asset Class
Multi Asset
SFDR Classification
Article 8
Initial Charge
0.00%
Management Fee
0.70%
Performance Fee
0.00%
Minimum Subsequent Investment
USD 10,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGFSGAI

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2025
726
Equity Price/Earnings (FY1)
as of 31/Oct/2025
23.45
Effective Duration
as of 31/Oct/2025
2.42
Effective Duration Fixed Income and Cash
as of 31/Oct/2025
6.88
3y Beta
as of 30/Nov/2025
0.948
Average Market Cap (Millions)
as of 31/Oct/2025
USD 1,157,243.19
Effective Duration Fixed Income
as of 31/Oct/2025
7.87

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for BGF Sustainable Global Allocation Fund, Class I2 Hedged, as of 30/Nov/2025 rated against 2707 EUR Moderate Allocation - Global Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31/Oct/2025)
Analyst-Driven % as of 31/Oct/2025
55.00
Data Coverage % as of 31/Oct/2025
88.00

Holdings

Holdings

as of 31/Oct/2025
Name Weight (%)
NVIDIA CORP 4.29
MICROSOFT CORP 3.61
APPLE INC 2.89
ALPHABET INC CLASS C 2.59
TAIWAN SEMICONDUCTOR MANUFACTURING 1.97
Name Weight (%)
BROADCOM INC 1.69
AMAZON COM INC 1.69
ELI LILLY 1.50
WALMART INC 1.33
MASTERCARD INC CLASS A 1.27
as of 31/Oct/2025
Name Weight (%)
UMBS 30YR TBA(REG A) 5.64
TREASURY NOTE 4 02/28/2030 2.54
TREASURY NOTE 4.125 02/28/2027 0.91
UK CONV GILT 3.25 01/31/2033 0.79
TREASURY NOTE 3.875 12/31/2027 0.78
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 2.3 02/15/2033 0.76
TREASURY NOTE 4.125 11/15/2032 0.74
TREASURY BOND 4 11/15/2052 0.63
IRELAND (GOVERNMENT) 2.6 10/18/2034 0.60
UNITED KINGDOM OF GREAT BRITAIN AN 4.375 03/07/2030 0.48
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2025

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31/Oct/2025

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2025

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2025

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2025

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class I2 Hedged EUR 13.82 0.05 0.36 04/Dec/2025 13.91 11.25 LU2488122222
Class D2 EUR 12.67 0.03 0.24 04/Dec/2025 12.80 10.77 LU2488121760
Class I2 USD 14.88 0.05 0.34 04/Dec/2025 14.94 11.89 LU2488122149
Class D2 Hedged EUR 13.73 0.05 0.37 04/Dec/2025 13.82 11.19 LU2488121844
Class A2 USD 14.48 0.05 0.35 04/Dec/2025 14.56 11.64 LU2488121257
Class A2 Hedged EUR 13.44 0.04 0.30 04/Dec/2025 13.55 11.01 LU2488121414
Class A2 Hedged SEK 125.60 0.37 0.30 04/Dec/2025 126.58 102.92 LU2614586084
Class A2 EUR 12.41 0.03 0.24 04/Dec/2025 12.55 10.59 LU2488121331
Class D2 USD 14.79 0.05 0.34 04/Dec/2025 14.86 11.84 LU2488121687
Class A4 EUR 12.09 0.03 0.25 04/Dec/2025 12.30 10.39 LU2488121505
Class ZI2 USD 14.96 0.05 0.34 04/Dec/2025 15.02 11.95 LU2488122578
Class ZI2 Hedged EUR 13.88 0.04 0.29 04/Dec/2025 13.98 11.30 LU2519803816

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Fixed Income business, and Head of the Global Allocation Investment Team.

Randy Berkowitz
Managing Director

Randy Berkowitz, CFA, Managing Director, is a member of the Global Allocation Team . He is a Senior Investor and Head of quantitative strategies and research which serves to drive the Team’s asset allocation process, security sizing and risk management, in addition to covering sub industries within the Healthcare sector.

Russ Koesterich
Managing Director

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

Sarah Thompson
Managing Director

Sarah Thompson, CFA, Managing Director, is a member of the Global Allocation Team, .  She is a senior investor, primarily responsible for coverage of the chemicals, metals & mining, midstream and utilities sectors. global fundamental credit, private placements, distressed investments.

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Literature

Literature