Multi Asset

BGF Asian Multi-Asset Income Fund

  • NAV as of 22/Nov/2024 JPY 932.00
    52 WK: 916.00 - 990.00
  • 1 Day NAV Change as of 22/Nov/2024 -2.00 (-0.21%)

Overview

Investment Approach


The Fund aims to provide a return on your investment through a combination of capital growth and income on the Fund’s assets.

The Fund invests at least 70% of its total assets, directly and indirectly through permitted investments, in the equity securities (i.e. shares) and fixed income securities (e.g. bonds) of issuers and companies domiciled in, or exercising the predominant part of their economic activity in, Asia, excluding Japan.

The Fund may invest in the full range of assets in which a UCITS may invest with a bias towards income-generating assets, including equity securities, fixed income securities, funds, financial derivative instruments (FDI), cash, deposits and money market instruments (i.e. debt securities with short term maturities) of issuers and companies domiciled in, or exercising the predominant part of their economic activity in, Asia, excluding Japan.

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 is not guaranteed. Overseas investments will be affected by movements in currency exchange rates.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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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.

Distributions

Ex-Date Total Distribution
View full table
Ex-Date Total Distribution
For more information: +44 (0) 20 7743 3300 • www.blackrock.com • investor.services@blackrock.com

This chart shows the fund's performance as the percentage loss or gain per year over the last 0 years.

  2019 2020 2021 2022 2023
Total Return (%)
Constraint Benchmark 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 (%) 12.52 - - - 3.77
Constraint Benchmark 1 (%) 20.05 - - - 10.25
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 4.15 -2.96 2.74 5.37 12.52 - - - 4.64
Constraint Benchmark 1 (%) 10.28 -3.43 4.13 9.26 20.05 - - - 12.70
  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

- - - - 12.57
Constraint Benchmark 1 (%)

as of 30/Sept/2024

- - - - 21.38

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 JPY, 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 22/Nov/2024
USD 112,414,265
Fund Launch Date
20/Jan/2016
Fund Base Currency
USD
Constraint Benchmark 1
MSCI Asia ex Japan Index (50%), J.P. Morgan Asia Credit Index (25%) and Markit iBoxx ALBI Index (25%)
Initial Charge
5.00%
Management Fee
1.50%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGAMA6J
Share Class launch date
09/Aug/2023
Share Class Currency
JPY
Asset Class
Multi Asset
SFDR Classification
Other
Ongoing Charges Figures
1.69%
ISIN
LU2649132920
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BM9ZCW5

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
629
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 31/Oct/2024
15.34
Yield to Maturity
as of 31/Oct/2024
2.98
Effective Duration
as of 31/Oct/2024
1.53
12 Month Trailing Dividend Distribution Yield
as of 31/Oct/2024
7.85
3y Beta
as of -
-
P/B Ratio
as of 31/Oct/2024
1.29
Modified Duration
as of 31/Oct/2024
1.75
Weighted Avg Maturity
as of 31/Oct/2024
1.93

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

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING 4.44
TENCENT HOLDINGS LTD 2.64
SAMSUNG ELECTRONICS LTD 2.04
ALIBABA GROUP HOLDING LTD 1.68
AIA GROUP LTD 1.23
Name Weight (%)
HON HAI PRECISION INDUSTRY LTD 1.03
MEITUAN 1.01
TRANSURBAN GROUP STAPLED UNITS 0.90
INFOSYS ADR REPRESENTING ONE LTD 0.77
CHINA CONSTRUCTION BANK CORP H 0.73
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

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

% of Market Value

Type Fund Benchmark Net
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 A6 Hedged JPY 932.00 -2.00 -0.21 22/Nov/2024 990.00 916.00 LU2649132920
Class I2 USD 14.72 -0.02 -0.14 22/Nov/2024 15.39 13.06 LU1323999133
Class A6 Hedged CAD 9.90 -0.01 -0.10 22/Nov/2024 10.45 9.54 LU2649132847
Class A6 Hedged GBP 9.94 -0.01 -0.10 22/Nov/2024 10.48 9.54 LU2649132763
Class A6 Hedged EUR 9.77 -0.01 -0.10 22/Nov/2024 10.32 9.45 LU2649133068
Class A6 Hedged AUD 9.80 -0.01 -0.10 22/Nov/2024 10.33 9.46 LU2649132508
Class A2 USD 13.57 -0.02 -0.15 22/Nov/2024 14.21 12.15 LU1323998911
Class A6 Hedged SGD 7.04 -0.01 -0.14 22/Nov/2024 7.44 6.82 LU2087589938
Class A6 USD 7.72 -0.01 -0.13 22/Nov/2024 8.14 7.39 LU2087589342
Class A6 Hedged HKD 7.22 -0.01 -0.14 22/Nov/2024 7.61 6.96 LU2087590191
Class A6 Hedged CNH 96.47 -0.14 -0.14 22/Nov/2024 102.16 94.09 LU2649132680

Portfolio Managers

Portfolio Managers

Alex Shingler
Alex Shingler
CFA, Managing Director

  

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Alex Shingler, CFA, Managing Director, is the Co-Head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions (MASS) group. The MASS Income team manages strategies that seek to deliver attractive risk-adjusted income and total return across multiple risk profiles to clients globally. Mr. Shingler is a member of the MASS Executive Committee.

 

Mr. Shingler has spent his career investing across equity and fixed income markets. Prior to his current role, he served as a portfolio manager and research analyst within BlackRock's European and US credit businesses. Before joining BlackRock in 2009 in London, Mr. Shingler focused on special situation equity investments.

 

Mr. Shingler earned an AB degree, summa cum laude, in philosophy from Princeton University. He grew up in Montreal, Canada and resides in the New York City area with his wife and daughter.

Justin Christofel
Justin Christofel
CFA, CAIA, Managing Director

  

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Justin Christofel, CFA, CAIA, Managing Director, is the Co-Head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions (MASS) group. The MASS Income team manages strategies that seek to deliver attractive risk-adjusted income and total return across multiple risk profiles to clients globally. Mr. Christofel is a member of the MASS Executive Committee and Blackrock’s Global Human Capital Committee.

 

Prior to the launch of the Income strategies, Mr. Christofel managed customized asset allocation portfolios for institutional investors. He also managed volatility control strategies, and a multi-asset real return portfolio. Mr. Christofel joined Blackrock in 2007 from Oliver Wyman, a consulting firm specializing in financial services. His projects spanned from retail banking to structured finance.

 

Mr. Christofel graduated from Yale University with a BA degree, with honors, in economics and mathematics.

Literature

Literature