Multi Asset

BlackRock Global Multi-Asset Income Fund

IMPORTANT:
• The Fund's income-generating investment strategy may reduce the potential for capital growth and future income of the Fund. The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade The Fund may invest in assets denominated in various currencies. Changes in exchange rates and currency controls may affect the value of the Fund's assets. The Fund invests in certain emerging markets and may be subject to political, tax, economic, social and foreign exchange risks. An increase in interest rates may adversely affect the value of the bonds held by the Fund. The Fund may invest in non-investment grade and unrated bonds that may be subject to higher default, volatility and liquidity risks. The Fund invests in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default or other risks.
• The Fund is subject to foreign investments restrictions risk, securities lending counterparty risk, risks associated with investments in asset/ mortgage backed securities, currency conversion risk including Renminbi denominated Classes, liquidity risk and contingent convertible bonds risk.
• Class 3(G), Class 4(G) and Class 5(G) Shares pay dividends gross of expenses. Class 6 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. Class 8 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion and include interest rate differentials arising from share class currency hedging. Negative interest rate differentials may decrease the dividends paid. Paying dividends gross of expenses may result in more income being available for distribution; however these shares may effectively pay dividends from capital – may amount to a partial return or withdrawal of an investor’s original investment or capital gains. All declared dividends result in an immediate reduction in the NAV price of the share class on the ex-dividend date.
• The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
• The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
• Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.

Overview

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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

Performance

Performance

Chart

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Distributions

Ex-Date Distribution
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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -2.23 4.87 7.29 -6.74 11.28 3.66 5.43 -14.34 8.68

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

  1y 3y 5y 10y Incept.
16.53 -0.26 1.86 2.14 2.36
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.10 -1.46 1.43 5.56 16.53 -0.79 9.67 23.55 28.65
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

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 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 20-Nov-2024
USD 4,383,198,647
Fund Inception
28-Jun-2012
Fund Base Currency
USD
Benchmark
-
Initial Charge
5.00%
ISIN
LU1003077663
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BGMAA8G
SFC-authorised ESG fund
No
Share Class Inception Date
08-Jan-2014
Share Class Currency
GBP
Asset Class
Multi Asset
SFDR Classification
Other
Management Fee
1.50%
Management Fee (incl Distribution Fee, if any)
1.50%
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
GBP Allocation 40-60% Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BH7T406
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-Oct-2024
2948
Standard Deviation (3y)
as of 31-Oct-2024
9.11%
P/E Ratio
as of 31-Oct-2024
16.32
Yield to Maturity
as of 31-Oct-2024
9.51
Effective Duration
as of 31-Oct-2024
2.51
12M Trailing Distribution
as of 31-Oct-2024
5.04%
3y Beta
as of -
-
P/B Ratio
as of 31-Oct-2024
1.91
Modified Duration
as of 31-Oct-2024
2.97 yrs
Weighted Avg Maturity
as of 31-Oct-2024
2.37

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.

Ratings

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 31-Oct-2024
Name Weight (%)
ISH MSCI USA Qty Div ESG UCITS ETF 4.02
ISHARES CORE CORP BOND UCI USD 2.04
ISHARES $ HIGH YIELD CRP BND ETF $ 1.61
ISHARES CORE S&P 500 UCITS ETF (DI 1.24
BGF USD HIGH YIELD BD X6 USD 1.03
Name Weight (%)
MICROSOFT CORP 0.82
AAPL CITIGROUP INC 10.6610/30/2024 0.52
TAIWAN SEMICONDUCTOR MANUFACTURING 0.47
MSFT SOCIETE GENERALE SA 13.6312/12/2024 0.46
NOVO NORDISK CLASS B 0.42
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, markets/regions are not available at this time.
as of 31-Oct-2024

% of Weight

Type Fund Benchmark Net
Allocations are subject to change. Source: BlackRock
as of 31-Oct-2024

% of Weight

Type Fund Benchmark Net
Allocations subject to change. Due to rounding, the total may not be equal to 100%.
Sorry, maturities are not available at this time.
as of 31-Oct-2024

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A8 Hedged GBP 7.64 0.01 0.13 20-Nov-2024 7.82 7.19 LU1003077663
D4 Hedged CHF 7.53 0.00 0.00 20-Nov-2024 8.07 7.37 LU1373034344
A6 Hedged EUR 6.42 0.01 0.16 20-Nov-2024 6.58 6.18 LU1133085917
A8 Hedged CNH 82.78 0.13 0.16 20-Nov-2024 84.78 78.39 LU1257007564
A6 Hedged CHF 10.03 0.01 0.10 20-Nov-2024 10.33 9.89 LU2655523152
A2 Hedged CHF 11.06 0.01 0.09 20-Nov-2024 11.27 10.26 LU0784383472
A2 Hedged EUR 11.35 0.02 0.18 20-Nov-2024 11.52 10.28 LU0784383399
A2 USD 16.33 0.03 0.18 20-Nov-2024 16.54 14.53 LU0784385840
C6 USD 8.26 0.01 0.12 20-Nov-2024 8.46 7.84 LU1023056556
A4G HEDGED CHF 6.98 0.01 0.14 20-Nov-2024 7.49 6.89 LU1373034260
A6 USD 8.26 0.01 0.12 20-Nov-2024 8.45 7.80 LU0784384876
A6 Hedged HKD 76.91 0.09 0.12 20-Nov-2024 78.84 73.54 LU0784385170
A8 Hedged AUD 8.03 0.01 0.12 20-Nov-2024 8.21 7.59 LU0871640123
A3G EUR 8.43 0.05 0.60 20-Nov-2024 8.44 7.68 LU1238068834
C2 USD 12.61 0.02 0.16 20-Nov-2024 12.80 11.36 LU1005242950
D2 Hedged CHF 11.92 0.01 0.08 20-Nov-2024 12.13 10.96 LU1373034187
A6 Hedged JPY 986.00 1.00 0.10 20-Nov-2024 1,026.00 984.00 LU2655523079
A5G USD 8.86 0.01 0.11 20-Nov-2024 9.08 8.39 LU0784383803
A4G USD 8.70 0.01 0.12 20-Nov-2024 9.24 8.23 LU1301847155
D2 Hedged EUR 12.42 0.01 0.08 20-Nov-2024 12.60 11.15 LU1062843344
D6 Hedged SGD 9.70 0.01 0.10 20-Nov-2024 9.95 9.27 LU2472302624
A4G HEDGED EUR 6.61 0.01 0.15 20-Nov-2024 7.05 6.36 LU0784383712
A8 Hedged CAD 7.55 0.01 0.13 20-Nov-2024 7.73 7.15 LU1003077580
A5G HEDGED SGD 7.34 0.00 0.00 20-Nov-2024 7.54 7.09 LU0784384363
D2 USD 17.52 0.02 0.11 20-Nov-2024 17.74 15.45 LU0784385337
D6 USD 9.15 0.01 0.11 20-Nov-2024 9.35 8.56 LU1003077408
A2 EUR 15.51 0.09 0.58 20-Nov-2024 15.53 13.28 LU1162516477
A8 Hedged NZD 7.77 0.01 0.13 20-Nov-2024 7.95 7.35 LU0949170343
A6 Hedged SGD 7.34 0.01 0.14 20-Nov-2024 7.53 7.07 LU0949170426
D6 Hedged GBP 8.32 0.01 0.12 20-Nov-2024 8.51 7.83 LU1791173633
D4 Hedged EUR 7.54 0.01 0.13 20-Nov-2024 8.03 7.20 LU0944772804
A5G HEDGED AUD 8.01 0.01 0.13 20-Nov-2024 8.21 7.69 LU0949170269
Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

Alex Shingler, CFA
Managing Director

  

Justin Christofel, CFA, CAIA
Managing Director

  

Documents

Documents