Equity

BGF Global Equity Income Fund

Overview

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.

Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets, failed/delayed delivery of securities or payments to the Fund and sustainability-related risks. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Active management of currency exposure through derivatives may make the Fund more sensitive to changes in foreign exchange rates. If the currency exposures against which the Fund is hedged appreciates investors may not benefit from such appreciation. The Fund may seek to exclude Funds which are not subject to ESG-related requirements. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

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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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 15.9 12.0 7.5 4.2 -7.9 23.4 -3.6 26.3 -9.6 11.4
Constraint Benchmark 1 (%) 18.6 8.8 11.1 8.9 -4.8 28.9 6.7 27.5 -13.0 18.1

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
20.71 7.12 7.58 7.34 8.38
Constraint Benchmark 1 (%) 30.28 9.99 12.32 11.11 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
16.62 4.40 4.96 10.79 20.71 22.90 44.11 103.08 158.39
Constraint Benchmark 1 (%) 25.86 6.63 8.75 13.60 30.28 33.05 78.78 186.72 -
  From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
From
30-Sep-2022
To
30-Sep-2023
From
30-Sep-2023
To
30-Sep-2024
Total Return (%)

as of 30-Sep-2024

-4.47 23.39 -4.64 8.68 16.74
Constraint Benchmark 1 (%)

as of 30-Sep-2024

2.68 28.94 -6.14 11.78 24.99

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 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 13-Dec-2024
USD 946,801,633
Fund Launch Date
12-Nov-2010
Fund Base Currency
USD
Constraint Benchmark 1
MSCI All Country World Net TR Index - in EUR
Ongoing Charges Figures
1.81%
ISIN
LU0880975056
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Equity Income
Dealing Frequency
Daily, forward pricing basis
SEDOL
B94CM42
Share Class launch date
13-Feb-2013
Share Class Currency
EUR
Asset Class
Equity
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
BEIDA2E

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29-Nov-2024
48
3y Beta
as of 30-Nov-2024
0.805
P/B Ratio
as of 29-Nov-2024
4.41
Standard Deviation (3y)
as of 30-Nov-2024
11.70%
P/E Ratio
as of 29-Nov-2024
25.42

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

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 29-Nov-2024
0.00%
MSCI - Nuclear Weapons
as of 29-Nov-2024
0.00%
MSCI - Civilian Firearms
as of 29-Nov-2024
0.00%
MSCI - Tobacco
as of 29-Nov-2024
0.00%
MSCI - UN Global Compact Violators
as of 29-Nov-2024
0.00%
MSCI - Thermal Coal
as of 29-Nov-2024
0.00%
MSCI - Oil Sands
as of 29-Nov-2024
0.00%

Business Involvement Coverage
as of 29-Nov-2024
100.00%
Percentage of Fund not covered
as of 29-Nov-2024
0.28%
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 1.93%.

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

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

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3
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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Global Equity Income Fund, Class A2, as of 30-Nov-2024 rated against 1104 Global Equity Income Funds.

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
MICROSOFT CORP 5.31
TAIWAN SEMICONDUCTOR MANUFACTURING 3.25
ASTRAZENECA PLC 3.07
TEXAS INSTRUMENT INC 3.05
ACCENTURE PLC CLASS A 3.02
Name Weight (%)
RELX PLC 2.91
NOVO NORDISK CLASS B 2.83
MONDELEZ INTERNATIONAL INC CLASS A 2.73
APPLE INC 2.57
ABBVIE INC 2.57
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Nov-2024

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-2024

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-2024

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-2024

% of Market Value

Type Fund Benchmark Net
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 A2 EUR 23.86 0.03 0.13 13-Dec-2024 23.98 20.14 LU0880975056
Class D5G Hedged EUR 13.94 -0.02 -0.14 13-Dec-2024 14.26 12.49 LU0827881664
Class A6 USD 16.94 -0.02 -0.12 13-Dec-2024 17.37 15.10 LU0738911758
Class AI2 Hedged EUR 12.60 -0.02 -0.16 13-Dec-2024 12.91 11.18 LU1960223094
Class D4G EUR 19.11 0.02 0.10 13-Dec-2024 19.21 16.33 LU0938162426
Class A2 USD 25.03 -0.03 -0.12 13-Dec-2024 25.58 21.82 LU0545039389
Class A5G EUR 10.64 -0.15 -1.39 22-Mar-2018 11.94 10.64 LU1653088671
Class AI5G Hedged EUR 10.98 -0.01 -0.09 13-Dec-2024 11.25 9.91 LU1960223177
Class AI2 EUR 15.45 0.02 0.13 13-Dec-2024 15.53 13.04 LU1960222955
Class D5G USD 18.41 -0.02 -0.11 13-Dec-2024 18.79 16.24 LU0827881235
Class A5G Hedged EUR 12.72 -0.01 -0.08 13-Dec-2024 13.03 11.48 LU0625451512
Class A4G Hedged EUR 11.64 -0.02 -0.17 13-Dec-2024 11.93 10.54 LU1529944511
Class A10 USD 11.60 -0.01 -0.09 13-Dec-2024 12.04 10.94 LU2533723628
Class A5G USD 16.79 -0.02 -0.12 13-Dec-2024 17.16 14.92 LU0553294199
Class D5G Hedged GBP 9.96 -0.01 -0.10 13-Dec-2024 10.17 8.82 LU0827881318
Class D2 USD 27.81 -0.03 -0.11 13-Dec-2024 28.39 24.06 LU0545039975
Class A2 Hedged EUR 18.53 -0.02 -0.11 13-Dec-2024 18.98 16.45 LU0625451603
Class D5G GBP 14.59 0.10 0.69 13-Dec-2024 14.69 12.86 LU0827881748
Class D2 Hedged EUR 20.30 -0.03 -0.15 13-Dec-2024 20.77 17.89 LU0827881409
Class A4G EUR 16.16 0.02 0.12 13-Dec-2024 16.24 13.91 LU0739721834
Class A5G GBP 13.29 0.10 0.76 13-Dec-2024 13.38 11.79 LU0557294096

Portfolio Managers

Portfolio Managers

Olivia Treharne
Olivia Treharne
Molly Greenen
Molly Greenen

Literature

Literature