Multi Asset

BlackRock Dynamic Allocation Fund

  • Bid price as of 18/Nov/2024 GBP 1.25
  • Offer price as of 18/Nov/2024 GBP 1.25
  • Morningstar Rating

Overview

Investment Approach

The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) over the medium to long term (five consecutive years) which exceeds the Bank of England’s Base Interest Rate by 3.5% (gross of fees). Although the Fund aims to deliver a total return over the medium to long term, there is no guarantee that this will be achieved over this time period, or any time period. The Fund’s capital is at risk. The Fund invests on a global basis indirectly through derivatives and collective investment schemes (but may also invest directly) in fixed income securities (such as bonds), money-market instruments (i.e. debt securities with short term maturities), equity securities (e.g. shares), derivatives, funds, deposits and cash.

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.

The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Investors in the Fund should understand that although the Fund aims to deliver a total return over the medium to long term (three to five years), there is no guarantee that this will be achieved over this time period, or any time period. The Fund may use derivatives to facilitate certain investment management techniques. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund.

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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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 (%) -1.0 6.9 -3.8 10.6 6.9 3.5 -9.7 7.6
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.
Total Return (%) 16.19 1.68 3.38 - 2.35
Target Benchmark 1 (%) 8.71 6.99 5.67 - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 7.04 -0.33 1.99 4.62 16.19 5.13 18.07 - 24.77
Target Benchmark 1 (%) 7.25 0.70 2.08 4.26 8.71 22.47 31.74 - -
  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

4.95 6.89 -11.07 4.00 14.73
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 18/Nov/2024
GBP 200,100,447
Fund Launch Date
14/Apr/2015
Fund Base Currency
GBP
Target Benchmark 1
UK Base Rate +3.5% p.a Index
Initial Charge
5.00%
Management Fee
0.85%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BDAFC
Ongoing Charges Figure ex. Discount
0.95%
Share Class launch date
14/Apr/2015
Share Class Currency
GBP
Asset Class
Multi Asset
Investment Association Category
-
Ongoing Charges Figures
0.95%
ISIN
GB00BVYJ3333
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
GBP Flexible Allocation
Dealing Frequency
Daily, forward pricing basis
SEDOL
BVYJ333
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
446
3y Beta
as of 31/Oct/2024
4.177
P/B Ratio
as of 31/Oct/2024
3.57
Modified Duration
as of 31/Oct/2024
1.33
Weighted Avg Maturity
as of 31/Oct/2024
1.74
Standard Deviation (3y)
as of 31/Oct/2024
6.92%
P/E Ratio
as of 31/Oct/2024
24.33
Yield to Maturity
as of 31/Oct/2024
2.44
Effective Duration
as of 31/Oct/2024
1.21

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
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3
4
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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 A, as of 31/Oct/2024 rated against 431 GBP Flexible Allocation Funds.

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
BSF SYST ESG WRLD EQ FD X2 GBP 10.22
ISHR US CORP BD IDX(IE) FLX USD AC 8.77
ISHARES MSCI EM ESG ENHANCED USD A 3.69
ISH EUR HY CRP BND ETF EUR DIST 3.55
ISHARES PHYSICAL GOLD ETC 3.17
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 3.00
ISHARES FTSE 250 UCITS ETF DIST 2.98
ISH CORE EURO CORP BND ETF EUR DIS 2.98
ISHARES $ CORPORATE BOND UCITS ETF 2.94
TRSWAP: ELTINTR4 INDEX 2.77
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 Bid Price Offer Price ISIN
Class A GBP 1.25 1.25 GB00BVYJ3333
Class X GBP 1.22 1.22 GB00BWD1M856
Class A GBP 1.21 1.21 GB00BWD1M419
Class D GBP 1.21 1.22 GB00BWD1M633
Class X GBP 1.35 1.36 GB00BVYJ4075
Class D GBP 1.30 1.30 GB00BVYJ3Y43

Portfolio Managers

Portfolio Managers

Adam Ryan
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.

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Adam Ryan, Managing Director and portfolio manager, is 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. Mr. Ryan is the lead portfolio manager of the charities funds; Charities Growth & Income Fund, Armed Forces Common Investment Fund and Charifaith Common Investment Fund. Adam is also the lead portfolio manager of the BlackRock Dynamic Diversified Growth (DDG) strategy.

Mr Ryan's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. His background is in fixed income portfolio management where he was Head of Fixed Income for MLIM's Private Client business before developing and managing diversified multi-asset portfolios for both private and institutional clients.

Mr. Ryan earned a BA degree with honours in engineering from Cambridge University in 1991.

Conan McKenzie
Conan McKenzie
CFA, Managing Director and portfolio manager

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

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Conan McKenzie, CFA, Managing Director and portfolio manager, Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group. Within Diversified Strategies, Mr. McKenzie is involved in managing both benchmarked and outcome oriented funds. As with Mr. Ryan, Mr. McKenzie has portfolio management responsibilities across the charities funds and DDG. Conan has been a portfolio manager on the charities funds since April 2013. He also leads the team's ESG research agenda that drives the potential for ESG-related thematic investments, as well as alternative investment opportunities and third party manager research.

Mr. McKenzie holds a MA degree in History & Politics from the University of Oxford, and is a CFA Charterholder. His service with the firm dates back to 2011.

Literature

Literature