BlackRock Global Funds - Global Allocation Fund A2 EUR
Sub-fund of BlackRock Global Funds (SICAV domiciled in Luxembourg)
Fund is the popular name for UCI (Undertaking for Collective Investment). A UCI is an undertaking that brings together several investors and invests their deposited money in various investment products, such as stocks, bonds, cash, etc., in order to spread the risk.
Before you proceed with investing, you must read and evaluate the KIID and prospectus. The KIID sets out the objectives, investment policy, risks and benefits, and costs and past performance of the fund.
Source NAV www.beama.be
KEY INFORMATION
LEGAL DOCUMENTS
PERFORMANCE
ANALYSIS

Fund Profile

Category: SICAV

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests globally at least 70% of its total assets in equity securities (e.g. shares) and fixed income (FI) securities in normal market conditions. FI securities include bonds and money market instruments (i.e. debt securities with short term maturities). It may also hold deposits and cash. Subject to the above, the asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions. The FI securities may be issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development) and may include securities with a relatively low credit rating or which are unrated. The Fund may also invest in companies that are small in size and are at a relatively early stage in their development. The Fund will generally aim to invest in securities of undervalued companies (i.e. their market price does not reflect their underlying worth). The IA may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to achieve the investment objective of the Fund, and/or to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income. The Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). The Fund is actively managed, and the IA has discretion to select the Fund's investments. In doing so, the IA will refer to a composite benchmark comprising the S&P 500 (36%); FTSE World (ex-US) (24%); 5 Yr US Treasury Note (24%) and FTSE Non-USD World Government Bond Index (16%) (the “Index”) when constructing the Fund’s portfolio, and also for risk management purposes to ensure that the active risk (i.e. degree of deviation from the Index) taken by the Fund remains appropriate given the Fund’s investment objective and policy. The IA is not bound by the components or weighting of the Index when selecting investments. The IA may also use its discretion to invest in securities not included in the Index in order to take advantage of specific investment opportunities. The Index should be used by investors to compare the performance of the Fund. Recommendation: This Fund may not be appropriate for short-term investment. Your shares will be non-distributing (i.e. dividend income will be included in their value). The Fund’s base currency is US Dollar. Shares for this class are bought and sold in Euro. The performance of your shares may be affected by this currency difference.

Risk Profile
Significant risks that are not adequately reflected in the profile:

Credit risk
The fund can invest in bonds and/or shares. The issuers of these bonds and/or shares may become insolvent, thus the value of the bonds and/or shares may be lost in full or in part.
Liquidity risk
The fund may invest in securities that are not easily tradable on a stock exchange or similar market.
Counterparty risk
If a fund counterparty becomes insolvent, it can no longer, or only partially, pay outstanding obligations.
Derivatives risk
The fund can enter into derivative transactions. The increased profit opportunities that arise, could also involve greater risks of loss.
Event risk
This fund may be negatively affected by unforeseeable events such as devaluations or political events.
Interest Rate Risk
The value of the fund is likely to fall when interest rates rise.

You will find all other risks associated with this fund in the prospectus.
Morningstar Rating
More information about the calculation of the Morningstar Ratings
Neutral
Neutral
Risk and reward profile
1
2
3
4
5
6
7
Lower Risk
Possible Lower
Returns
Higher Risk
Possible higher
Returns
Key Information
Closing Price 04/06/2020 54.06
Morningstar category USD Moderate Allocation
Currency EUR
Distribution status Capitalizing
ISIN LU0171283459
Inception Date 31/07/2002
Maturity date Unlimited
Management strategy (vs benchmark) Active
Minimum initial amount 100.00 EUR
Fees And Charges
Entry fee None
Tax on entry None
Custody fees None
Tax on returns
Yes, 30% on fixed income part of the fund
Tax on dividend N/A
Exit fee None
Tax on exit 1.32 (max. 4,000.00 EUR per fund)
Ongoing charge 1.77% of which 0.60% is paid to MeDirect
Fund management company
Address BlackRock (Luxembourg) SA 6D route de Trèves Luxembourg L-2633 Luxembourg
Manager Name Russ Koesterich
Manager Start Date 01/01/2017
Website www.blackrock.com
Total Net Assets (mil) 11,772.74 EUR (31/05/2020)
UCITS Yes
Administrator Bank of New York Mellon S.A./N.V.

Legal Documents

It is possible that this fund applies swing pricing. Please consult the prospectus for more information.
Should you have any complaints, you may contact Compliance Officer MeDirect, Keizerinlaan 66, 1000 Brussel or via complaints@medirect.be or Ombudsfin, Ombudsman for financial disputes, North Gate II, Koning Albert II – laan 8 bus 2, 1000 Brussel or via ombudsman@ombudsfin.be

Performance

Historical returns returns and the evolution of the NAV are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Sales charges (like entry- and exit fees ) and taxes are not included in the calculation of past performance. Management fees, administrative fees and other costs taken out of the fund assets have been taken in to account, as they are already included in the NAV.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year9.52%04/06/2020
3 years3.73%04/06/2020
5 years3.18%04/06/2020
10 years5.79%04/06/2020
Since launch5.90%04/06/2020
Cumulative performance in EUR
Performance
YTD 01/01/2020-0.31
1 month4.52
3 months1.07
6 months1.22
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-10.11%---
20199.09%1.33%4.77%2.81%
2018-4.09%5.12%1.66%-6.76%
20172.71%-3.61%-0.80%1.04%
2016-5.26%2.43%3.31%6.24%

Asset Allocation
% Long% Short% Net Assets
Stock59.09%1.52%57.57%
Bond24.21%1.91%22.30%
Cash16.47%0.09%16.39%
Other3.75%0.00%3.74%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
14.7610.419.47
Sharpe Ratio
0.510.200.21
Sortino Ratio
0.790.280.30
Positive Months9.0020.0031.00
Negative Months3.0016.0029.00
Worst Month-7.27-7.27-7.27
World Regions
Region%
United States40.29
Eurozone6.77
Asia - Emerging3.59
Japan2.62
Asia - Developed2.33
Europe - ex Euro1.40
United Kingdom1.11
Canada0.59
Latin America0.16
Australasia0.06
Europe - Emerging0.01
Africa0.01
Middle East0.00
Stock Sector Weighting
Sector% of Equity
Technology11.91
Healthcare11.42
Consumer Cyclical
7.64
Financial Services7.05
Communication Services6.55
Industrials3.76
Consumer Defensive
3.57
Basic Materials2.50
Utilities1.58
Energy1.54
Real Estate1.13
Top 10 Holdings
HoldingSectorCountry% of Assets
United States Treasury Notes 1.75% 15/11/2029United States2.89
Microsoft Corp TechnologyUnited States2.27
SPDR® Gold Shares United States2.08
Apple Inc TechnologyUnited States1.98
United States Treasury Notes 0.5% 15/04/2024United States1.95
Amazon.com Inc Consumer CyclicalUnited States1.92
Alphabet Inc Class C Communication ServicesUnited States1.62
United States Treasury Notes 0.12% 15/10/2024United States1.44
United States Treasury Notes 0.12% 15/04/2025United States1.35
SPDR® S&P 500 ETF Trust United States1.30
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
All key information and documents must be reviewed before being able to Invest.