BlackRock Global Multi Asset Income Fund (Aust) (Class D Units)
About this Fund
|FUND MANAGER||BlackRock Investment Management (Australia)|
|ASSET CLASS||MULTI-STRATEGY INCOME|
|INVESTMENT STYLE||The Fund invests globally in the best income opportunities across geographies and asset classes, whilst balancing the trade-off between yield and risk.|
|INVESTMENT PROFILE||The Fund aims to deliver consistent income in the form of monthly distributions.|
|CURRENCY MANAGEMENT||Active management|
|NO. OF HOLDINGS|
Benefits of investing in the BlackRock Global Multi Asset Income Fund (Aust) (Class D Units)
Receipt of income and reinvestment of distributions
Balancing income and risk
Access to the expertise of the BlackRock Group's global investment resources
The risk level of the investment strategy is generally expected to be less than or equal to the short-term volatility of an index split equally between the MSCI World Index (unhedged in USD) and Bloomberg Barclays Capital Global Aggregate Bond Index (hedged in USD).
The Fund may be suitable for investors who are looking to diversify their Australian sourced income. For example equity investors looking for similar yields as Australian franked equities but wanting lower risk. The Fund can be used as a standalone diversified income solution or can be blended with other sources of income to reduce risk and help maintain investor capital.
About the Fund
The BlackRock Global Multi Asset Income Fund (Aust) follows a flexible asset allocation approach that seeks attractive income while attempting to smooth out returns and minimise loss of capital. The fund invests globally in the best income opportunities - across geographies and asset classes, whilst balancing the trade-off between yield and risk. The Fund makes use of derivatives for the purposes of efficient portfolio management including the generation of additional income for the Fund. The Fund aims to deliver consistent income in the form of monthly distributions.
The Fund aims to achieve its objective by gaining exposure to an investment strategy that follows a flexible asset allocation policy and which seeks to deliver a competitive level of income. The Fund accesses its investment strategy through an investment in the Global Multi Asset Income Fund (Underlying Fund), a sub-fund of the BlackRock Global Funds.
The Fund's unconstrained strategy searches out the best income opportunities around the world and across asset classes, by leveraging the investment capabilities and expertise of the entire BlackRock Group. In addition to stocks and bonds, the strategy may have significant exposure to non-traditional sources of income, which provide a possible source of higher income and meaningful portfolio diversification.
Value is added through both top down active allocation and bottom up input from specialist asset managers from within the BlackRock Group. The investment strategy takes a dynamic, risk budgeting approach in seeking to deliver upon its objectives. Portfolio exposures tactically shift between stocks, bonds and alternatives in an attempt to provide attractive risk-adjusted income, based on current market conditions. In addition, investment decisions are made with consideration to long-term capital growth. The investment strategy may also take active currency positions.
How we invest your money
The Fund invests substantially all of its assets in Underlying Fund. The Underlying Fund is managed by a member of the BlackRock Group and provides the Fund with exposure to its investment strategy.
The Underlying Fund provides the Fund with exposure to a portfolio that invests globally in the full spectrum of investments. Given its broad investment remit, investments of the Underlying Fund may include high dividend-yielding equities, fixed income securities (including high yield and emerging market debt), alternatives such as property, commodities and infrastructure, other pooled investment vehicles, structured products, money market instruments and cash (or cash equivalents). The Underlying Fund may hold interests in other funds managed by the BlackRock Group and may use derivatives such as futures, forwards and options to manage risk and return. When derivative positions are established, they will always be backed by cash holdings and/or underlying assets.
The Fund and Underlying Fund may also hold cash (or cash equivalents, including other BlackRock Group funds) for cash flow management purposes.
While the base currency of the Underlying Fund is U.S. dollars, the share class of the Underlying Fund into which the Fund invests applies an Australian dollar hedging strategy, which aims to mitigate currency risk, while taking account of practical considerations including transaction costs.
The Fund is managed to be fully exposed to the Underlying Fund. As a global fund with a broad investment universe and a flexible asset allocation policy, the Underlying Fund does not have any formal diversification guidelines or specific asset allocation ranges or targets. Diversification and asset allocation, however, are monitored as part of the investment strategy.