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IMPORTANT:
• The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. The Fund's investments are concentrated in Europe. This may result in greater volatility than more broad-based investments. An increase in interest rates may adversely affect the value of the bonds held by the Fund.
• The Fund is subject to currency risk, sovereign debt risk and securities lending counterparty risk.
• The Fund may use derivatives for hedging. The Fund may suffer losses from its derivative usage.
• The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
• Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.
• The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. The Fund's investments are concentrated in Europe. This may result in greater volatility than more broad-based investments. An increase in interest rates may adversely affect the value of the bonds held by the Fund.
• The Fund is subject to currency risk, sovereign debt risk and securities lending counterparty risk.
• The Fund may use derivatives for hedging. The Fund may suffer losses from its derivative usage.
• The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
• Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.
Overview
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
A Money Market Fund (MMF) is not a guaranteed investment vehicle. An investment in MMFs is different from an investment in deposits; the principal invested in an MMF is capable of fluctuation and the risk of loss of the principal is to be borne by the investor. The MMF does not rely on external support for guaranteeing the liquidity of the MMF or stabilising the NAV per share. Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. Loss of Capital: an automatic share redemption may occur which will reduce the number of shares held by each investor. This share redemption will result in a loss of capital to investors. Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.
Performance
Performance
Chart
Performance chart data not available for display.
Distribution
-
Returns
During this period performance was achieved under circumstances that no longer apply
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 0.06 | -0.06 | -0.31 | -0.47 | -0.51 | -0.51 | -0.57 | -0.69 | -0.31 | 2.88 |
| Benchmark (%) | -0.05 | -0.26 | -0.49 | -0.53 | -0.55 | -0.60 | -0.67 | -0.67 | -0.01 | 3.31 |
Past performance is not a guide to future performance. Investors may not get back the full amount invested.
If the share class of the fund has been launched for less than 5 years, please refer to the fund factsheet for the performance information calculated from the launch date to the end of launch year.
Performance is calculated based on the calendar year end, NAV-to-NAV with dividend reinvested.
These figures show by how much the Share Class of the Fund increased or decreased in value during the calendar year being shown. Performance is calculated in the relevant Share Class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.
Where no past performance is shown there was insufficient data available in that calendar year to provide performance.
Please refer to the Key Facts section on the right for the inception date of the Fund and the Share Class.
If the share class of the fund has been launched for less than 5 years, please refer to the fund factsheet for the performance information calculated from the launch date to the end of launch year.
Performance is calculated based on the calendar year end, NAV-to-NAV with dividend reinvested.
These figures show by how much the Share Class of the Fund increased or decreased in value during the calendar year being shown. Performance is calculated in the relevant Share Class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.
Where no past performance is shown there was insufficient data available in that calendar year to provide performance.
Please refer to the Key Facts section on the right for the inception date of the Fund and the Share Class.
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 (%) | 3.68 | 1.23 | 0.50 | 0.10 | 0.11 |
| Benchmark (%) | 3.91 | 1.52 | 0.64 | 0.10 | 0.15 |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 1.57 | 0.30 | 0.87 | 1.86 | 3.68 | 3.75 | 2.52 | 0.97 | 1.72 |
| Benchmark (%) | 1.66 | 0.34 | 1.00 | 2.00 | 3.91 | 4.62 | 3.24 | 1.05 | 2.32 |
Past performance is not a guide to future performance. Investors may not get back the full amount invested.
Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.
These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.
Where no past performance is shown there was insufficient data available in that period to provide performance.
Please refer to the Key Facts section for the inception date of the Fund and the Share Class.
Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.
These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.
Where no past performance is shown there was insufficient data available in that period to provide performance.
Please refer to the Key Facts section for the inception date of the Fund and the Share Class.
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 EUR, hedged share class benchmark performance is displayed in EUR.
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 06-Jun-2024
EUR 198,385,212
Fund Inception
24-Jul-2009
Fund Base Currency
EUR
Benchmark
Overnight ESTR
Initial Charge
0.00%
Management Fee (incl Distribution Fee, if any)
0.00%
Minimum Initial Investment
EUR 5000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Money Market - Short Term
Dealing Frequency
Daily, forward pricing basis
SEDOL
B3MYH10
Share Class Inception Date
24-Jul-2009
Share Class Currency
EUR
Asset Class
Cash
SFDR Classification
Other
ISIN
LU0432366366
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BLRERC2
SFC-authorised ESG fund
No
According to the latest BGF prospectus, the management fee of the Fund is 0.45%. The management fee mentioned above is inclusive of a management fee waiver applied to the Fund. The amount of management fee waiver applied to a particular Share Class may fluctuate from day to day and may be discontinued at any time.
Portfolio Characteristics
Portfolio Characteristics
Number of Holdings
as of 31-May-2024
3
Weighted Average Life
as of 06-Jun-2024
63 days
1-Day Yield
as of 06-Jun-2024
3.33%
Weighted Average Maturity
as of 06-Jun-2024
52 days
3y Beta
as of 31-May-2024
0.960
Business Involvement
Business Involvement
Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.
Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodology behind the Business Involvement metrics, using links below.
MSCI - Controversial Weapons
as of 31-May-2024
0.00%
MSCI - Nuclear Weapons
as of 31-May-2024
0.00%
MSCI - Civilian Firearms
as of 31-May-2024
0.00%
MSCI - Tobacco
as of 31-May-2024
0.00%
MSCI - UN Global Compact Violators
as of 31-May-2024
0.00%
MSCI - Thermal Coal
as of 31-May-2024
0.00%
MSCI - Oil Sands
as of 31-May-2024
0.00%
Business Involvement Coverage
as of 31-May-2024
76.75%
Percentage of Fund not covered
as of 31-May-2024
23.25%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.
Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.
Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.
ESG Integration
ESG Integration
ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.
The Fund manager considers ESG information in the research, security selection and portfolio review stages of the investment process. The Fund manager conducts bi-weekly credit meetings, wherein each credit is examined through an internal relative value analysis, which contains qualitative governance considerations combined with environmental, societal and governance metrics derived from third-party data providers, where available. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, where appropriate.
Ratings
Holdings
Holdings
Holdings subject to change.
Exposure Breakdowns
Exposure Breakdowns
Sorry, markets/regions are not available at this time.
Allocations are subject to change. Source: BlackRock
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.
Due to rounding, the total may not be equal to 100%
Due to rounding, the total may not be equal to 100%
Pricing & Exchange
Pricing & Exchange
| Share Class | Currency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
|---|---|---|---|---|---|---|---|---|
| C2 | EUR | 71.46 | 0.01 | 0.01 | 06-Jun-2024 | 71.46 | 68.91 | LU0432366366 |
| A2 | EUR | 74.69 | 0.01 | 0.01 | 06-Jun-2024 | 74.69 | 72.02 | LU0432365988 |
| D2 | EUR | 75.45 | 0.01 | 0.01 | 06-Jun-2024 | 75.45 | 72.61 | LU0432366796 |
Unless otherwise specified, all information as of the month end.
Portfolio Managers
Portfolio Managers
Matt Clay
