Multi Asset

BlackRock Global Allocation Fund (Aust)

  • Buy Price as of 18-Nov-2024 AUD 1.302243
  • Sell Price as of 18-Nov-2024 AUD 1.294453
  • Morningstar Rating

Overview

Investment Objective

The Fund aims to provide high total investment return through a fully managed investment policy utilising international equity securities, debt and money market securities, the combination of which will be varied from time to time both with respect to types of securities and markets in response to changing market and economic trends. Total return means the combination of capital growth and investment income. Currency is actively managed in the Fund around a fully hedged Australian Dollar benchmark.
This product is likely to be appropriate for a consumer:
• seeking capital growth
• using the product for a major allocation of their portfolio or less
• with a minimum investment timeframe of 5 years
• with a medium to high risk/return profile, and
• who is unlikely to need access to their capital for up to one week from a request
This product is for advised clients only.
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Performance

Performance

Growth of Hypothetical $10,000

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The chart reflects the performance of a hypothetical investment in the fund/share class of AUD10,000 over a specified period in time. The performance of the hypothetical investment is based on the actual past performance of the fund/share class over the specified period. Performance of the fund/share class is calculated on an exit-to-exit price basis, e.g. after fund management fees and expenses, and assume reinvestment of distributions. The performance quoted represents past performance and does not guarantee future results.

Where the performance quoted reflects performance over a period of less than one year. Performance returns over the short term may not be indicative of long-term performance. 




Historical Prices: Historical NAV data from inception not available.  If you would like additional historical NAV data please contact us.

The performance quoted represents past performance and does not guarantee future results.

Distributions

Ex-Date CPU
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Ex-Date CPU
Fund distributions
Distribution figures represent past distributions declared and paid for by the Fund. There is no guarantee that distributions will be declared in the future, or that if declared, the amount of any distribution will remain constant or increase over time.  Only investors holding Units in the Fund at the end of the distribution period are entitled to any distributions.

Investors may elect to reinvest distributions or have distributions paid by direct deposit into a nominated Australian bank account.  If no distribution election is made, it will be taken that you have requested that distributions be reinvested in the fund. Distributions are generally paid within 21 business of the end of the distribution period.

The annual tax statement for the Fund will be sent to investors as soon as practically possible following the Fund financial year end on 30 June. Please refer to the Tax Statement Guide for more taxation information in relation to this distribution payment as well as information to assist you to complete your Australian tax return.

  1y 3y 5y 10y Incept.
Total Return (%) 18.83 1.38 5.96 5.81 7.18
Benchmark (%) 20.31 3.23 6.40 6.99 7.82
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 8.28 -1.37 0.84 5.26 18.83 4.20 33.59 75.87 282.56
Benchmark (%) 10.28 -1.29 1.15 6.95 20.31 10.00 36.39 96.50 328.84
  2019 2020 2021 2022 2023
Total Return (%) 16.71 14.57 8.43 -13.67 11.43
Benchmark (%) 18.05 8.87 12.61 -13.92 13.86

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

Incept.: The date on which the first fund/share class unit creation was processed.

The performance quoted represents past performance and does not guarantee future results.
*The Diversified Benchmark return from 30 June 2014 to 31 August 2016 has been updated as at 26th September 2016 following a re-statement of the FTSE World ex US AUD Hedged Index, which makes up 24% of the diversified benchmark allocation, by FTSE. The Diversified Benchmark return for this period had previously been overstated by 0.38%. Despite the update of the return for this period, there was no change or impact to the fund performance or unit pricing for the fund, which was unaffected by the data previously provided by FTSE and continued to be correctly stated during this period.

Key Facts

Key Facts

Net Assets
as of 18-Nov-2024
AUD 280,469,159.64
Share Class Launch Date
04-July-2005
Share Class Currency
AUD
Asset Class
Multi Asset
Management Fee
0.20
Distribution Frequency
Semi-Annual
APIR
MAL0018AU
Net Assets of Fund
as of 18-Nov-2024
AUD 300,153,822.550
Fund Inception
23-May-2005
Fund Base Currency
AUD
Shares Outstanding
as of 18-Nov-2024
216,019,988
ISIN
AU60MAL00181
Domicile
Australia

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of 31-Oct-2024
0.31%
MSCI - Nuclear Weapons
as of 31-Oct-2024
0.30%
MSCI - Civilian Firearms
as of 31-Oct-2024
0.00%
MSCI - Tobacco
as of 31-Oct-2024
0.33%
MSCI - UN Global Compact Violators
as of 31-Oct-2024
0.09%
MSCI - Thermal Coal
as of 31-Oct-2024
0.40%
MSCI - Oil Sands
as of 31-Oct-2024
0.32%
Business Involvement Coverage
as of 31-Oct-2024
75.21%
Percentage of Fund not covered
as of 31-Oct-2024
29.08%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.89% and for Oil Sands 1.76%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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.

Holdings

Holdings

as of 30-Apr-2024
Name Weight (%)
MICROSOFT CORP 2.90
NVIDIA CORP 2.14
AMAZON COM INC 1.80
UMBS 30YR TBA(REG A) 1.56
APPLE INC 1.48
Name Weight (%)
ALPHABET INC CLASS C 1.46
MASTERCARD INC CLASS A 1.06
ASML HOLDING NV 0.96
JPMORGAN CHASE & CO 0.96
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2024 0.86
Reference to the company names mentioned in this communication is merely for explaining the investment strategy, and should not be construed as investment advice or investment recommendation of those companies.

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Managing Director, CIO of Global Fixed Income

  

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Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business, and Head of the Global Allocation Investment Team. Mr. Rieder is responsible for roughly $2.4 trillion in assets. He is a member of BlackRock’s Executive Sub-Committee on Investments, a member of BlackRock's Global Operating Committee, and Chairman of the firm-wide BlackRock Investment Council.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar.

 

From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program.

 

Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, New Jersey, and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation, and Trustee for the US Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Russ Koesterich
Russ Koesterich

Literature

Literature