Multi Asset

BlackRock Dynamic 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.

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

Chart

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Distributions

This product does not have any distributions data as of now.

This chart shows the fund's performance as the percentage loss or gain per year over the last 8 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -0.6 7.5 -3.3 11.3 7.3 4.0 -9.4 8.1
Target Benchmark 1 (%) 3.9 3.8 4.1 4.3 3.7 3.6 4.9 8.1

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

  1y 3y 5y 10y Incept.
15.21 2.42 4.00 - 2.86
Target Benchmark 1 (%) 8.76 6.84 5.60 - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.74 1.24 2.69 4.81 15.21 7.45 21.67 - 30.60
Target Benchmark 1 (%) 6.51 0.70 2.14 4.30 8.76 21.97 31.29 - -
  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

5.48 7.35 -10.71 4.45 15.21
Target Benchmark 1 (%)

as of 30/Sept/2024

3.90 3.60 4.28 7.54 8.76

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 GBP, hedged share class benchmark performance is displayed in GBP.

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 01/Nov/2024
GBP 198,203,480
Fund Launch Date
14/Apr/2015
Fund Base Currency
GBP
Target Benchmark 1
UK Base Rate +3.5% p.a Index
Initial Charge
0.00%
Management Fee
0.42%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLKDYND
Ongoing Charges Figure ex. Discount
0.50%
Share Class launch date
14/Apr/2015
Share Class Currency
GBP
Asset Class
Multi Asset
Investment Association Category
-
Ongoing Charges Figures
0.50%
ISIN
GB00BWD1M633
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
GBP Flexible Allocation
Dealing Frequency
Daily, forward pricing basis
SEDOL
BWD1M63
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Sept/2024
456
Standard Deviation (3y)
as of 30/Sept/2024
6.92%
P/E Ratio
as of 30/Sept/2024
25.15
Yield to Maturity
as of 30/Sept/2024
2.38
Effective Duration
as of 30/Sept/2024
1.19
12 Month Trailing Dividend Distribution Yield
as of 31/Oct/2024
2.50
3y Beta
as of 30/Sept/2024
3.887
P/B Ratio
as of 30/Sept/2024
3.74
Modified Duration
as of 30/Sept/2024
1.34
Weighted Avg Maturity
as of 30/Sept/2024
1.73

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 incorporates ESG considerations throughout the investment process' macro outlook, idea generation, implementation tools, portfolio construction, risk management, ongoing monitoring and reporting. All research ideas generated for the Fund consider the potential impact from ESG-associated risks when appropriate, and these are documented as part of the investment process. Idea implementation uses a wide range of building blocks, including active mutual funds, index funds, ETFs, direct securities, derivatives, and third-party funds. The Fund manager reviews research ideas and asset allocation on a regular basis and reassesses the building blocks utilized to access research ideas. The choice of building block may be informed by ESG considerations. For strategies with an explicit ESG objective, certain building blocks are used to comply with those guidelines. Where an ESG focused building block becomes available, it may be considered as a replacement for standard market exposure when appropriate. Both the extent and impact of screens and integration may be considered in the context of the investment objective / investment style of particular strategies. The Fund manager may also build bespoke thematic baskets of securities, which are subject to BlackRock baseline screens in the first instance and where appropriate, additional screening criteria. The Fund manager may use E, S, and G criteria such as headline ESG and carbon footprint during the reporting phase. These are sourced from Aladdin or directly from third-party data providers, where available. The Fund manager conducts regular risk reviews between the investment team and BlackRock's Risk and Quantitative Analysis group as well as portfolio reviews with Chief Investment Officers. Where appropriate, these reviews include discussion 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

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BlackRock Dynamic Allocation Fund, Class D, as of 31/Oct/2024 rated against 431 GBP Flexible Allocation Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 30/Sept/2024)
Analyst-Driven % as of 30/Sept/2024
55.00
Data Coverage % as of 30/Sept/2024
98.00

Holdings

Holdings

as of 30/Sept/2024
Name Weight (%)
BSF SYST ESG WRLD EQ FD X2 GBP 13.51
ISHR US CORP BD IDX(IE) FLX USD AC 11.64
ISHARES MSCI EM ESG ENHANCED USD A 5.02
ISH EUR HY CRP BND ETF EUR DIST 4.71
ISHARES FTSE 250 UCITS ETF DIST 4.16
Name Weight (%)
ISH CORE EURO CORP BND ETF EUR DIS 3.98
ISHARES $ CORPORATE BOND UCITS ETF 3.94
ISHARES $ HIGH YIELD CRP BND ETF $ 3.93
TRSWAP: ELTINTR4 INDEX 3.70
ISH MSCI UK SMLL CAP ETF GBP ACC 3.06
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 30/Sept/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 Bid Price Offer Price ISIN
Class D GBP 1.21 1.21 GB00BWD1M633
Class D GBP 1.29 1.29 GB00BVYJ3Y43
Class A GBP 1.24 1.24 GB00BVYJ3333
Class A GBP 1.20 1.20 GB00BWD1M419
Class X GBP 1.35 1.35 GB00BVYJ4075
Class X GBP 1.21 1.21 GB00BWD1M856

Portfolio Managers

Portfolio Managers

Adam Ryan
Managing Director and portfolio manager

Head of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group, which is responsible for developing, assembling and managing investment strategies involving multiple asset classes.

Conan McKenzie
CFA, Managing Director and portfolio manager

Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group.

Literature

Literature