Multi Asset

Global Target Return Moderate Fund

  • NAV as of 20/Nov/2024 USD 106.19
    52 WK: 93.87 - 107.48
  • 1 Day NAV Change as of 20/Nov/2024 -0.15 (-0.14%)

Overview

Investment Approach


The Fund aims to provide a return on your investment through a combination of capital growth and income, whilst maintaining a moderate risk profile (i.e. an evaluation of risks associated with the portfolio).

The risk profile of the Fund’s portfolio is expected to be 6-10% and is measured, for this purpose, as the volatility (i.e. the degree of fluctuation) of the Fund’s returns converted into an annual rate, over a five year period.

The Fund has a flexible approach to asset allocation and will seek to gain exposure across a variety of asset classes investing globally in equity securities (e.g. shares), equity-related securities, fixed income (FI) securities (e.g. bonds), FI-related securities, money market instruments (MMIs) (e.g. debt instruments with short-term maturities), deposits, cash and other funds. The FI securities and MMIs may be issued by governments, government agencies, companies and supranationals globally and may include investments with a relatively low credit rating or which are unrated. The IM seeks to identify investment opportunities across a global investment universe according to the macroeconomic categories of 'growth', ‘inflation’, ‘policy’ and ‘pricing’ as described in the prospectus.

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.

Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Asset backed securities and mortgage backed securities are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.
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Performance

Performance

Chart

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Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

This chart shows the fund's performance as the percentage loss or gain per year over the last 2 years.

  2019 2020 2021 2022 2023
Total Return (%) -12.6 8.2
Comparator Benchmark 1 (%) 1.5 5.1

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

  1y 3y 5y 10y Incept.
Total Return (%) 16.53 1.00 - - 1.65
Comparator Benchmark 1 (%) 5.44 3.70 - - 3.29
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 8.03 -1.32 2.12 6.01 16.53 3.05 - - 5.66
Comparator Benchmark 1 (%) 4.48 0.39 1.31 2.68 5.44 11.50 - - 11.52
  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

- - -12.26 4.19 16.67
Comparator Benchmark 1 (%)

as of 30/Sept/2024

- - - 4.60 5.49

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 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

Key Facts

Key Facts

Net Assets of Fund
as of 20/Nov/2024
USD 5,414,427
Fund Launch Date
17/Jun/2021
Fund Base Currency
USD
Comparator Benchmark 1
ICE BofA US T-Bill 0-3 Month (G0B1)
Initial Charge
0.00%
Management Fee
0.00%
Performance Fee
0.00%
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
SEDOL
BMDQ570
Share Class launch date
17/Jun/2021
Share Class Currency
USD
Asset Class
Multi Asset
SFDR Classification
Other
Ongoing Charges Figures
0.58%
ISIN
IE00BMDQ5702
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
21
3y Beta
as of 31/Oct/2024
4.529
P/B Ratio
as of 31/Oct/2024
0.00
Modified Duration
as of 31/Oct/2024
2.64
Weighted Avg Maturity
as of 31/Oct/2024
3.50
Standard Deviation (3y)
as of 31/Oct/2024
7.49%
P/E Ratio
as of 31/Oct/2024
0.00
Yield to Maturity
as of 31/Oct/2024
2.73
Effective Duration
as of 31/Oct/2024
2.57

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.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

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
10.00
Data Coverage % as of 30/Sept/2024
55.00

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
Implied Cash (Lookthrough) 3.69
APPLE INC 1.72
NVIDIA CORP 1.59
MICROSOFT CORP 1.53
USD CASH(Alpha Committed) 1.31
Name Weight (%)
TST ISIDTLTTL COMMON POOL 1.22
TRI-PARTY BNP PARIBAS 1.14
TREASURY BILL 11/07/2024 1.07
TAIWAN SEMICONDUCTOR MANUFACTURING 1.02
TREASURY BILL 11/21/2024 0.90
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 31/Oct/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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class I USD 106.19 -0.15 -0.14 20/Nov/2024 107.48 93.87 IE00BMDQ5702
Class A USD 103.63 -0.15 -0.14 20/Nov/2024 104.95 92.25 IE00BMDQ5470
Class X USD 108.30 -0.15 -0.14 20/Nov/2024 109.56 95.17 IE00BMDQ5587
Class D USD 105.58 -0.15 -0.14 20/Nov/2024 106.88 93.48 IE00BMDQ5694

Portfolio Managers

Portfolio Managers

Daniel Caderas
Daniel Caderas

Literature

Literature