BlackRock Global Multi Asset Income A

70% equities, primarily UK; 30% fixed interest stocks.

  • 131.50p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 405.20p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.73%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 4.40%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 06 April 2020

The Fund's aims to provide an above average income without sacrificing the benefits of long-term capital growth by following a flexible asset allocation policy. The fund will invest in global portfolio of equities and fixed income securities across any and all economic sectors, although under normal market conditions there will be an emphasis on the UK. Effective 01/05/2009, the Fund's investment strategy changed to the extent that its record prior to that date is not relevant to its new format.

Fund summary

Sector Mixed Investment 20-60% Shares
Structure UNIT TRUST
Launched August, 1994
Size £30m
Yield 4.40%
Charging basis Capital
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.02%
Annual management charge 1.50%
Ongoing charges figure 1.73%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The fund's objective is to provide an above-average and growing income without sacrificing the benefits of long-term capital growth by investing primarily in the UK. The Fund aims to provide a yield higher than that of the FTSE All-Share Index and to employ a conservative strategy in terms of asset distribution and individual stock selection. A proportion of the Fund's assets will be invested in fixed interest securities. Exposure to overseas markets may be gained directly or indirectly (e.g. via collective investment schemes or investment trusts).

Manager research

Average monthly relative returns

  • 15/16 -0.60%
  • 16/17 -0.15%
  • 17/18 -0.65%
  • 18/19 0.10%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.34%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 12.30%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Alex Shingler

Shingler, CFA, Managing Director and Portfolio Manager, is a member of the Corporate Credit Group within BlackRock Fundamental Fixed Income. Prior to joining BlackRock in 2009, Shingler was a Senior Vice President and head of European Research at R3 Capital Partners. He held similar responsibilities in the Global Principal Strategies team at Lehman Brothers. From 1999 to 2007, he was with Seneca Capital Advisors, focusing primarily on special situation equity and debt investments.

Track record

Alex Shingler has 5.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.34%. During the worst period of relative performance (from August 2015 - April 2020) there was a decline of 22% relative to the index. The worst absolute loss has been 18%.

Periods of worst performance

Absolute -18.00% (January 2020 - March 2020)
Relative -22.00% (August 2015 - April 2020)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 January 2020

3.8801% Blackrock Gf Asian Tiger Bond A1 Usd
3.2934% Ishares Plc Ishares $ Corp Bond Ucits Etf Usd Usd Dist
3.2254% Hm Treasury United Kingdom Dmo 4.75% Gilt 2020
2.5268% Ishares $ High Yield Crp Bnd Etf $
.9661% Morgan Stanley 5.85 12/31/2049
.9183% Telus Corp
.8925% State Street Corp 2.89363 06/15/2037
.872% Johnson & Johnson
.7554% Csc Holdings Llc 5.25 06/01/2024
.7531% Westpac Banking Corp 5% Bds 31/12/49 Usd1000
Source: Trustnet

Sector breakdown

BB 45.00%
BBB 18.00%
B 15.00%
A 7.00%
AA 6.00%
CCC 5.00%
CC 3.00%
Non-Rated 1.00%
Money Market 1.00%

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download