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.

Loading

Performance

Performance

Chart

View full chart

Distributions

Ex-Date Total Distribution
View full table

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.
- - - - -
Target Benchmark 1 (%) - - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
8.07 2.16 1.87 8.07 - - - - 11.97
Target Benchmark 1 (%) 5.53 1.27 1.21 5.53 - - - - 9.42
  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

- - - - -
Target Benchmark 1 (%)

as of 30/Jun/2024

- - - - -

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 ZAR, 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 23/Jul/2024
USD 15,032,034,961
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%
ISIN
LU2637965943
Performance Fee
0.00%
Minimum Subsequent Investment
ZAR 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGFALAZ
Share Class launch date
19/Jul/2023
Share Class Currency
ZAR
Asset Class
Multi Asset
SFDR Classification
Other
Ongoing Charges Figures
1.77%
Annual Management Fee
1.50%
Minimum Initial Investment
ZAR 5,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BNDC296

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
1266
3y Beta
as of -
-
Average Market Cap (Millions)
as of 28/Jun/2024
USD 629,542.00
Effective Duration Fixed Income
as of 28/Jun/2024
6.98
12 Month Trailing Dividend Distribution Yield
as of 30/Jun/2024
8.42
P/E Ratio
19.30
Effective Duration
as of 28/Jun/2024
1.91
Effective Duration Fixed Income and Cash
as of 28/Jun/2024
5.25

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 Global Allocation Investment Team believes that a company's ability to manage material environmental, social and governance (ESG) issues may be relevant to the company's ability to sustain growth and generate value for shareholders over the long term, and thus ESG performance indicators are considered as part of the investment process. The team analyzes ESG data when conducting research and due diligence on new investments, and when monitoring existing investments within the portfolio. The team's ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion, where appropriate, 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 28/Jun/2024
Name Weight (%)
MICROSOFT CORP 3.51
NVIDIA CORP 2.43
AMAZON COM INC 2.19
ALPHABET INC CLASS C 1.77
APPLE INC 1.68
Name Weight (%)
ASML HOLDING NV 1.02
MASTERCARD INC CLASS A 0.85
UNITEDHEALTH GROUP INC 0.81
ELI LILLY 0.73
JPMORGAN CHASE & CO 0.73
as of 28/Jun/2024
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 2.3 02/15/2033 1.91
TREASURY NOTE 4.125 07/31/2028 1.30
UK CONV GILT 1.25 07/22/2027 1.26
AUSTRALIA (COMMONWEALTH OF) 1 11/21/2031 1.18
GERMANY (FEDERAL REPUBLIC OF) 1.7 08/15/2032 1.10
Name Weight (%)
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 0.90
TREASURY NOTE 4 06/30/2028 0.81
TREASURY NOTE 4.875 10/31/2028 0.64
TREASURY NOTE 5 09/30/2025 0.49
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2024 0.49
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/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 ZAR 103.30 0.27 0.26 23/Jul/2024 104.73 90.13 LU2637965943
Class A9 Hedged AUD 8.89 0.02 0.23 23/Jul/2024 9.02 7.65 LU2354320728
Class A4 Hedged EUR 40.69 0.10 0.25 23/Jul/2024 41.29 34.31 LU0240613025
Class A2 Hedged GBP 37.87 0.09 0.24 23/Jul/2024 38.42 31.62 LU0236177068
Class A2 Hedged SGD 17.50 0.04 0.23 23/Jul/2024 17.76 14.76 LU0308772762
Class A9 USD 9.38 0.02 0.21 23/Jul/2024 9.51 7.97 LU2354320561
Class A4 EUR 69.29 0.36 0.52 23/Jul/2024 70.06 58.99 LU0408221512
Class D4 GBP 59.01 0.17 0.29 23/Jul/2024 59.93 51.92 LU1852330908
Class D2 Hedged EUR 50.19 0.12 0.24 23/Jul/2024 50.92 42.09 LU0329591480
Class A2 Hedged PLN 22.68 0.05 0.22 23/Jul/2024 23.01 18.93 LU0480534592
Class A2 HUF 28,210.05 283.45 1.01 23/Jul/2024 28,749.05 23,463.25 LU0566074125
Class A2 Hedged AUD 21.51 0.05 0.23 23/Jul/2024 21.83 18.11 LU0468326631
Class A2 EUR 72.06 0.38 0.53 23/Jul/2024 72.86 61.35 LU0171283459
Class D2 Hedged AUD 23.51 0.06 0.26 23/Jul/2024 23.85 19.68 LU0827880187
Class D2 Hedged GBP 41.35 0.10 0.24 23/Jul/2024 41.94 34.34 LU0827880344
Class A10 Hedged SGD 10.27 0.02 0.20 23/Jul/2024 10.43 9.00 LU2637965513
Class A4 USD 75.18 0.18 0.24 23/Jul/2024 76.26 62.53 LU0724617625
Class D4 Hedged EUR 41.21 0.10 0.24 23/Jul/2024 41.81 34.56 LU0827880773
Class I2 Hedged EUR 50.06 0.11 0.22 23/Jul/2024 50.79 41.91 LU0368231949
Class A2 Hedged HKD 18.13 0.04 0.22 23/Jul/2024 18.40 15.19 LU0788109477
Class A10 Hedged EUR 10.34 0.03 0.29 23/Jul/2024 10.49 9.02 LU2637965786
Class A2 Hedged CNH 175.52 0.40 0.23 23/Jul/2024 178.21 148.90 LU1062906877
Class A2 USD 78.18 0.19 0.24 23/Jul/2024 79.31 65.03 LU0072462426
Class A10 Hedged CNH 101.43 0.23 0.23 23/Jul/2024 102.98 89.78 LU2637965604
Class I2 Hedged SGD 19.24 0.04 0.21 23/Jul/2024 19.52 16.15 LU0810842038
Class A10 USD 10.43 0.03 0.29 23/Jul/2024 10.58 9.05 LU2637965356
Class A10 Hedged HKD 103.50 0.24 0.23 23/Jul/2024 105.03 90.31 LU2637965430
Class I2 USD 89.27 0.22 0.25 23/Jul/2024 90.53 73.72 LU0368249560
Class D2 Hedged PLN 24.80 0.07 0.28 23/Jul/2024 25.14 20.58 LU0827880427
Class D2 Hedged SGD 19.23 0.04 0.21 23/Jul/2024 19.51 16.12 LU0827880690
Class D4 EUR 70.23 0.37 0.53 23/Jul/2024 70.99 59.47 LU0827880005
Class I2 EUR 82.27 0.43 0.53 23/Jul/2024 83.16 69.56 LU1653088838
Class D2 Hedged CHF 15.31 0.04 0.26 23/Jul/2024 15.54 13.04 LU0827880260
Class D2 EUR 81.67 0.43 0.53 23/Jul/2024 82.55 69.15 LU0523293024
Class A2 Hedged CHF 14.00 0.04 0.29 23/Jul/2024 14.21 11.99 LU0343169966
Class D2 USD 88.61 0.22 0.25 23/Jul/2024 89.87 73.29 LU0329592538
Class A9 Hedged SGD 9.02 0.02 0.22 23/Jul/2024 9.16 7.78 LU2354320645
Class A10 Hedged AUD 10.22 0.03 0.29 23/Jul/2024 10.37 8.99 LU2637965869
Class A2 Hedged EUR 44.28 0.11 0.25 23/Jul/2024 44.94 37.34 LU0212925753

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