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

as of 31-Dec-19

- - 9.75 -3.95 14.67
  1y 3y 5y 10y Incept.
11.25 6.37 - - 6.88
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.73 0.73 2.74 11.25 20.35 - - 23.60

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

Share Class and Benchmark performance displayed in USD, 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

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Reinvestments

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

Key Facts

Key Facts

Size of Fund (Millions) as of 24-Feb-20 USD 8,009.310
Base Currency U.S. Dollar
Fund Launch Date 28-Jun-12
Share Class launch date 23-Nov-16
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU1523255922
Bloomberg Ticker BGMAI2U
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BDR6LX1
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

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

Overall Morningstar Rating for BGF Global Multi-Asset Income Fund, Class I2, as of 31-Jan-20 rated against 736 USD Moderate Allocation Funds.

Holdings

Holdings

as of 31-Jan-20
Name Weight (%)
ISH US MBS ETF USD DIST 3.73
BGF USD HIGH YIELD BD X6 USD 0.45
LMT ROYAL BANK OF CANADA 8.563/24/2020 0.31
STATE STREET CORP 2.89363 06/15/2037 0.29
BANK OF AMERICA CORP 6.25 12/31/2049 0.29
Name Weight (%)
MDLZ CITIGROUP GLOBAL MARKETS HOLDINGS 8.462/13/2020 0.28
NOC CITIGROUP GLOBAL MARKETS HOLDINGS 10.314/23/2020 0.28
DHR CITIGROUP GLOBAL MARKETS HOLDINGS 9.064/23/2020 0.28
MPC NOMURA HOLDINGS INC 15.333/26/2020 0.28
HON ROYAL BANK OF CANADA 11.063/17/2020 0.28
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-20

% of Market Value

Type Fund
Allocations subject to change.
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 I2 USD None 12.44 -0.06 -0.48 12.51 11.27 - LU1523255922 - -
Class A4G Hedged CHF Annual 9.35 -0.05 -0.53 9.69 9.09 - LU1373034260 - -
Class A2 Hedged EUR None 11.08 -0.06 -0.54 11.15 10.43 - LU0784383399 - -
Class A6 Hedged HKD Monthly Stable 92.15 -0.48 -0.52 92.69 89.06 - LU0784385170 - -
Class A3G EUR Monthly 9.39 -0.06 -0.63 9.49 8.62 - LU1238068834 - -
Class A4G USD Annual 10.10 -0.05 -0.49 10.25 9.70 - LU1301847155 - -
Class D6 USD Monthly Stable 10.12 -0.05 -0.49 10.18 9.66 - LU1003077408 - -
Class A2 Hedged CHF None 11.29 -0.06 -0.53 11.36 10.68 - LU0784383472 - -
Class A4G Hedged EUR Annual 8.46 -0.04 -0.47 8.74 8.20 - LU0784383712 - -
Class A6 USD Monthly Stable 9.55 -0.05 -0.52 9.61 9.20 - LU0784384876 - -
Class A6 Hedged EUR Monthly Stable 8.22 -0.04 -0.48 8.30 8.11 - LU1133085917 - -
Class D4G Hedged CHF Annual 9.67 -0.05 -0.51 9.96 9.36 - LU1373034344 - -
Class A5G USD Quarterly 10.19 -0.05 -0.49 10.25 9.81 - LU0784383803 - -
Class D2 Hedged CHF None 11.66 -0.06 -0.51 11.73 10.93 - LU1373034187 - -
Class A8 Hedged AUD Monthly Stable with IRD 9.45 -0.05 -0.53 9.51 9.18 - LU0871640123 - -
Class A2 USD None 14.50 -0.08 -0.55 14.59 13.29 - LU0784385840 - -
Class A8 Hedged CNH Monthly Stable with IRD 97.44 -0.51 -0.52 98.02 93.94 - LU1257007564 - -
Class D2 Hedged EUR None 11.63 -0.06 -0.51 11.70 10.85 - LU1062843344 - -
Class I5G Hedged EUR Quarterly 8.92 -0.05 -0.56 8.97 8.72 - LU1129992480 - -
Class A8 Hedged CAD Monthly Stable with IRD 8.90 -0.04 -0.45 8.95 8.59 - LU1003077580 - -
Class A5G Hedged SGD Quarterly 8.90 -0.04 -0.45 8.95 8.61 - LU0784384363 - -
Class D2 USD None 14.91 -0.08 -0.53 15.00 13.54 - LU0784385337 - -
Class I2 Hedged EUR None 10.61 -0.05 -0.47 10.67 9.88 - LU1523256144 - -
Class D4G Hedged EUR Annual 9.24 -0.05 -0.54 9.49 8.93 - LU0944772804 - -
Class X5G GBP Hedged GBP - 10.21 -0.05 -0.49 10.27 9.83 - LU1877504073 - -
Class A8 Hedged GBP Monthly Stable with IRD 8.86 -0.04 -0.45 8.91 8.57 - LU1003077663 - -
Class A6 Hedged SGD Monthly Stable 8.97 -0.05 -0.55 9.03 8.69 - LU0949170426 - -
Class A2 EUR None 13.37 -0.08 -0.59 13.52 11.70 - LU1162516477 - -
Class A8 Hedged NZD Monthly Stable with IRD 9.05 -0.05 -0.55 9.11 8.78 - LU0949170343 - -
Class D6 Hedged GBP Monthly 9.67 -0.05 -0.51 9.73 9.39 - LU1791173633 - -
Class A5G Hedged AUD Quarterly 9.86 -0.06 -0.60 9.92 9.60 - LU0949170269 - -

Portfolio Managers

Portfolio Managers

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

Literature

Literature