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Multi Asset

BGF Global Multi-Asset Income Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

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. Investors in this Fund should understand that capital growth is not a priority and values may fluctuate and the level of income may vary from time to time and is not guaranteed. The fund(s) may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.

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

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Performance

Performance

  • Returns

  From
30-Jun-2014
To
30-Jun-2015
From
30-Jun-2015
To
30-Jun-2016
From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 30-Jun-19

-0.46 -1.22 8.94 0.08 5.10
  1y 3y 5y 10y Incept.
5.10 4.64 2.41 - 3.25
  YTD 1m 3m 1y 3y 5y 10y Incept.
8.71 1.94 2.35 5.10 14.58 12.66 - 19.14

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in CAD, hedged fund 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

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table

Key Facts

Key Facts

Size of Fund (Millions) as of 17-Jul-19 USD 7,936.911
Base Currency U.S. Dollar
Fund Launch Date 28-Jun-12
Share Class launch date 08-Jan-14
Asset Class Multi Asset
Morningstar Category Other Allocation
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU1003077580
Bloomberg Ticker BGMAA8C
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BH7T3Z4
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment CAD 5000
Minimum Subsequent Investment CAD 10000
Use of Income Distributing

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 01-May-19)

Holdings

Holdings

as of 28-Jun-19
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 1.50
BGF USD HIGH YIELD BD X6 USD 0.91
ISHARES $ SHORT DURATION CORPORATE 0.62
TRANSCANADA TRUST 5.875 08/15/2076 0.50
MORGAN STANLEY 5.85 12/31/2049 0.42
Name Weight (%)
WESTPAC BANKING CORP. (NEW ZEALAND 5 12/31/2049 0.39
ENBRIDGE INC 6.25 03/01/2078 0.39
STATE STREET CORP 3.41025 06/15/2037 0.37
CREDIT SUISSE GROUP AG 144A 7.5 12/31/2049 0.33
MACQUARIE BANK LTD (LONDON BRANCH) 144A 6.125 12/31/2049 0.32
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Jun-19

% of Market Value

Type Fund
as of 28-Jun-19

% of Market Value

Type Fund
Allocations subject to change.
as of 28-Jun-19

% of Market Value

Type Fund
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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A8 Hedged CAD Monthly Stable with IRD 8.80 0.00 0.00 8.90 8.23 - LU1003077580 - -
Class I2 USD None 11.84 0.01 0.08 11.86 10.61 - LU1523255922 - -
Class I2 Hedged EUR None 10.26 0.00 0.00 10.30 9.36 - LU1523256144 - -
Class A6 Hedged EUR Monthly Stable 8.27 0.00 0.00 8.58 7.85 - LU1133085917 - -
Class A8 Hedged CNH Monthly Stable with IRD 96.19 0.01 0.01 97.47 90.27 - LU1257007564 - -
Class A5G Hedged SGD Quarterly 8.77 0.00 0.00 8.93 8.17 - LU0784384363 - -
Class A4G Hedged CHF Annual 9.66 0.00 0.00 10.05 8.88 - LU1373034260 - -
Class A5G USD Quarterly 10.01 0.00 0.00 10.10 9.29 - LU0784383803 - -
Class D2 Hedged CHF None 11.33 0.00 0.00 11.37 10.37 - LU1373034187 - -
Class A4G Hedged EUR Annual 8.71 0.00 0.00 9.03 7.99 - LU0784383712 - -
Class D2 USD None 14.22 0.01 0.07 14.25 12.76 - LU0784385337 - -
Class A3G EUR Monthly 8.96 0.00 0.00 8.98 8.20 - LU1238068834 - -
Class A2 Hedged EUR None 10.80 0.00 0.00 10.84 9.91 - LU0784383399 - -
Class D4G Hedged CHF Annual 9.92 0.00 0.00 10.24 9.08 - LU1373034344 - -
Class A2 USD None 13.90 0.00 0.00 13.94 12.54 - LU0784385840 - -
Class A2 Hedged CHF None 11.03 0.00 0.00 11.07 10.15 - LU0784383472 - -
Class D2 Hedged EUR None 11.27 0.00 0.00 11.30 10.29 - LU1062843344 - -
Class A4G USD Annual 10.22 0.00 0.00 10.30 9.22 - LU1301847155 - -
Class A6 Hedged HKD Monthly Stable 91.22 0.01 0.01 92.59 85.49 - LU0784385170 - -
Class A8 Hedged AUD Monthly Stable with IRD 9.40 0.00 0.00 9.52 8.80 - LU0871640123 - -
Class A6 USD Monthly Stable 9.45 0.01 0.11 9.50 8.81 - LU0784384876 - -
Class D6 USD Monthly Stable 9.95 0.00 0.00 9.97 9.23 - LU1003077408 - -
Class I5G Hedged EUR Quarterly 8.86 0.00 0.00 9.10 8.31 - LU1129992480 - -
Class D4G Hedged EUR Annual 9.46 0.00 0.00 9.73 8.64 - LU0944772804 - -
Class X5G GBP Hedged GBP - 10.03 0.00 0.00 10.10 9.32 - LU1877504073 - -
Class A8 Hedged GBP Monthly Stable with IRD 8.78 0.00 0.00 8.88 8.21 - LU1003077663 - -
Class A6 Hedged SGD Monthly Stable 8.90 0.00 0.00 9.03 8.34 - LU0949170426 - -
Class A2 EUR None 12.39 0.00 0.00 12.39 10.97 - LU1162516477 - -
Class A8 Hedged NZD Monthly Stable with IRD 8.99 0.00 0.00 9.10 8.42 - LU0949170343 - -
Class D6 Hedged GBP Monthly 9.61 0.00 0.00 9.77 9.02 - LU1791173633 - -
Class A5G Hedged AUD Quarterly 9.77 0.00 0.00 9.93 9.10 - LU0949170269 - -

Portfolio Managers

Portfolio Managers

Michael Fredericks
Michael Fredericks
Justin Christofel
Justin Christofel
Alex Shingler
Alex Shingler

Literature

Literature