Multi Asset

BGF 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.

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

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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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 0 years.

  2019 2020 2021 2022 2023
Total Return (%)
Target Benchmark 1 (%)

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

  1y 3y 5y 10y Incept.
14.37 - - - 8.05
Target Benchmark 1 (%) 16.24 - - - 11.19
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
9.46 2.70 1.40 5.32 14.37 - - - 11.13
Target Benchmark 1 (%) 11.46 2.13 1.00 6.96 16.24 - - - 15.56
  From
30-Sept-2019
To
30-Sept-2020
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
Total Return (%)

as of 30/Sept/2024

- - - - 18.45
Target Benchmark 1 (%)

as of 30/Sept/2024

- - - - 22.87

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 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 10/Dec/2024
USD 15,481,737,166
Fund Launch Date
03/Jan/1997
Fund Base Currency
USD
Target Benchmark 1
S&P 500 (36%); FTSE World (ex-US) (24%); 5 Yr US Treasury Note (24%) and FTSE Non-USD World Government Bond Index (16%)
Initial Charge
5.00%
Management Fee
1.50%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGFGAAE
Share Class launch date
19/Jul/2023
Share Class Currency
EUR
Asset Class
Multi Asset
SFDR Classification
Other
Ongoing Charges Figures
1.72%
ISIN
LU2637965786
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BNDC263

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
1225
3y Beta
as of -
-
Average Market Cap (Millions)
as of 29/Nov/2024
USD 636,812.03
Effective Duration Fixed Income
as of 29/Nov/2024
7.16
12 Month Trailing Dividend Distribution Yield
as of 30/Nov/2024
4.73
Equity Price/Earnings (FY1)
as of 29/Nov/2024
20.89
Effective Duration
as of 29/Nov/2024
1.87
Effective Duration Fixed Income and Cash
as of 29/Nov/2024
5.19

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.

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 29/Nov/2024
Name Weight (%)
MICROSOFT CORP 2.77
NVIDIA CORP 2.49
APPLE INC 2.03
AMAZON COM INC 1.98
NIKKEI 225 (OSE) DEC 24 1.80
Name Weight (%)
ALPHABET INC CLASS C 1.53
SPDR S&P ETF TRUST DEC C @ 605 1.07
META PLATFORMS INC CLASS A 1.01
UNITEDHEALTH GROUP INC 0.89
MASTERCARD INC CLASS A 0.87
as of 29/Nov/2024
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 2.3 02/15/2033 1.89
TREASURY NOTE 4.125 07/31/2028 1.26
UK CONV GILT 1.25 07/22/2027 1.24
AUSTRALIA (COMMONWEALTH OF) 1 11/21/2031 1.12
GERMANY (FEDERAL REPUBLIC OF) 1.7 08/15/2032 1.07
Name Weight (%)
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 0.81
TREASURY NOTE 4 06/30/2028 0.78
TREASURY NOTE 4.875 10/31/2028 0.62
TREASURY NOTE 5 09/30/2025 0.47
TREASURY NOTE 5 10/31/2025 0.46
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% 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.


% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A10 Hedged EUR 10.51 -0.05 -0.47 10/Dec/2024 10.60 9.62 LU2637965786
Class D4 GBP 61.55 -0.12 -0.19 10/Dec/2024 61.82 54.07 LU1852330908
Class D2 USD 92.83 -0.42 -0.45 10/Dec/2024 93.28 79.01 LU0329592538
Class A9 USD 9.73 -0.05 -0.51 10/Dec/2024 9.78 8.59 LU2354320561
Class A10 Hedged AUD 10.34 -0.05 -0.48 10/Dec/2024 10.45 9.58 LU2637965869
Class A2 EUR 77.63 0.07 0.09 10/Dec/2024 77.76 65.13 LU0171283459
Class A9 Hedged SGD 9.30 -0.05 -0.53 10/Dec/2024 9.35 8.35 LU2354320645
Class A2 Hedged SGD 18.16 -0.08 -0.44 10/Dec/2024 18.25 15.85 LU0308772762
Class D2 Hedged EUR 52.27 -0.23 -0.44 10/Dec/2024 52.52 45.26 LU0329591480
Class A10 USD 10.60 -0.05 -0.47 10/Dec/2024 10.71 9.67 LU2637965356
Class A4 EUR 73.86 0.06 0.08 10/Dec/2024 73.98 62.63 LU0408221512
Class A10 Hedged ZAR 104.50 -0.50 -0.48 10/Dec/2024 105.81 96.22 LU2637965943
Class A2 Hedged PLN 23.75 -0.11 -0.46 10/Dec/2024 23.87 20.32 LU0480534592
Class A2 Hedged EUR 45.98 -0.21 -0.45 10/Dec/2024 46.21 40.11 LU0212925753
Class A4 Hedged EUR 41.80 -0.19 -0.45 10/Dec/2024 42.01 36.86 LU0240613025
Class A10 Hedged CNH 101.99 -0.52 -0.51 10/Dec/2024 103.53 95.53 LU2637965604
Class A2 Hedged CHF 14.43 -0.06 -0.41 10/Dec/2024 14.50 12.85 LU0343169966
Class A10 Hedged SGD 10.40 -0.05 -0.48 10/Dec/2024 10.52 9.60 LU2637965513
Class A9 Hedged AUD 9.18 -0.05 -0.54 10/Dec/2024 9.23 8.22 LU2354320728
Class A2 Hedged GBP 39.52 -0.19 -0.48 10/Dec/2024 39.72 34.02 LU0236177068
Class A10 Hedged HKD 104.91 -0.49 -0.46 10/Dec/2024 106.05 96.43 LU2637965430
Class A2 HUF 31,903.42 -46.36 -0.15 10/Dec/2024 32,198.52 24,636.09 LU0566074125
Class I2 EUR 88.96 0.08 0.09 10/Dec/2024 89.09 73.92 LU1653088838
Class D2 Hedged AUD 24.51 -0.11 -0.45 10/Dec/2024 24.63 21.17 LU0827880187
Class D2 Hedged PLN 26.03 -0.12 -0.46 10/Dec/2024 26.16 22.11 LU0827880427
Class D2 EUR 88.23 0.07 0.08 10/Dec/2024 88.37 73.47 LU0523293024
Class I2 USD 93.60 -0.42 -0.45 10/Dec/2024 94.05 79.49 LU0368249560
Class A2 Hedged AUD 22.36 -0.11 -0.49 10/Dec/2024 22.48 19.46 LU0468326631
Class D2 Hedged GBP 43.28 -0.20 -0.46 10/Dec/2024 43.49 36.98 LU0827880344
Class I2 Hedged EUR 52.18 -0.24 -0.46 10/Dec/2024 52.43 45.08 LU0368231949
Class D4 EUR 74.56 0.06 0.08 10/Dec/2024 74.67 63.19 LU0827880005
Class D2 Hedged SGD 20.01 -0.09 -0.45 10/Dec/2024 20.11 17.34 LU0827880690
Class I2 Hedged SGD 20.04 -0.09 -0.45 10/Dec/2024 20.14 17.36 LU0810842038
Class D4 Hedged EUR 42.16 -0.19 -0.45 10/Dec/2024 42.37 37.16 LU0827880773
Class D2 Hedged CHF 15.82 -0.07 -0.44 10/Dec/2024 15.90 13.99 LU0827880260
Class A4 USD 77.71 -0.35 -0.45 10/Dec/2024 78.09 67.34 LU0724617625
Class A2 USD 81.68 -0.37 -0.45 10/Dec/2024 82.08 70.04 LU0072462426
Class A2 Hedged CNH 181.18 -0.91 -0.50 10/Dec/2024 182.17 159.77 LU1062906877
Class A2 Hedged HKD 18.85 -0.09 -0.48 10/Dec/2024 18.95 16.35 LU0788109477

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

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.

Literature

Literature