Equity

BGF US Basic Value 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.

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

Growth of Hypothetical 10,000

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  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 35.08 16.17 -3.66 39.17 -1.84 -5.27 18.03 -2.19 20.97 5.61
Target Benchmark 1 (%) 30.07 20.51 1.74 39.97 3.83 -2.57 21.66 -0.38 26.32 4.11
  1Y 3Y 5Y 10y Incept.
7.94 9.34 7.45 10.27 6.35
Target Benchmark 1 (%) 8.51 11.04 10.07 12.98 9.33
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
2.56 2.56 -0.65 2.39 7.94 30.72 43.25 165.75 254.91
Target Benchmark 1 (%) 2.77 2.77 0.30 3.46 8.51 36.92 61.53 238.73 527.02
  From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of Dec 31, 2022

-5.27 18.03 -2.19 20.97 5.61
Target Benchmark 1 (%)

as of Dec 31, 2022

-2.57 21.66 -0.38 26.32 4.11
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets of Fund as of Feb 7, 2023 USD 779,197,742
Share Class Inception Date Jun 29, 2002
Fund Inception Date Jan 8, 1997
Share Class Currency GBP
Base Currency USD
Asset Class Equity
Target Benchmark 1 Russell 1000 Value Index
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 1.81%
Annual Management Fee 1.50%
Performance Fee 0.00%
Minimum Initial Investment GBP 5000
Minimum Subsequent Investment -
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category US Large-Cap Value Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker MLRBVVA
ISIN LU0171296279
SEDOL B43C8D9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 31, 2023 85
Standard Deviation (3y) as of Jan 31, 2023 18.02%
3y Beta as of Jan 31, 2023 1.006
P/E Ratio as of Jan 31, 2023 14.51
P/B Ratio as of Jan 31, 2023 1.81

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. 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 Jan 31, 2023 0.00%
MSCI - UN Global Compact Violators as of Jan 31, 2023 0.00%
MSCI - Nuclear Weapons as of Jan 31, 2023 0.75%
MSCI - Thermal Coal as of Jan 31, 2023 0.00%
MSCI - Civilian Firearms as of Jan 31, 2023 0.00%
MSCI - Oil Sands as of Jan 31, 2023 0.00%
MSCI - Tobacco as of Jan 31, 2023 0.86%

Business Involvement Coverage as of Jan 31, 2023 98.98%
Percentage of Fund not covered as of Jan 31, 2023 0.96%
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 0.50% and for Oil Sands 4.25%.

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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager integrates ESG criteria into screening, company research and portfolio construction tools. The data may include multiple third-party ESG vendors, BlackRock internal scoring, internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. ESG criteria are considered in combination with other information. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 31, 2023
Name Weight (%)
WELLS FARGO 3.30
CITIGROUP INC 2.84
BP ADR EACH REPRESENTING SIX PLC 2.79
COGNIZANT TECHNOLOGY SOLUTIONS COR 2.62
MEDTRONIC PLC 2.58
Name Weight (%)
GENERAL MOTORS 2.26
LABORATORY CORPORATION OF AMERICA 2.16
FIDELITY NATIONAL INFORMATION SERV 2.15
SS AND C TECHNOLOGIES HOLDINGS INC 2.13
UNILEVER ADR REPTG PLC 2.01
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2023

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2023

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
A2 GBP Accumulating 94.07 0.32 0.34 Feb 7, 2023 94.31 82.96 LU0171296279 -
C2 Hgd EUR Accumulating 56.66 -0.14 -0.25 Feb 7, 2023 62.80 49.57 LU0200685583 -
A4 EUR Annual 104.12 0.37 0.36 Feb 7, 2023 109.14 95.30 LU0213336463 -
A2 Hgd SGD Accumulating 20.97 -0.05 -0.24 Feb 7, 2023 22.52 18.13 LU0602533316 -
D2 Hgd EUR Accumulating 72.95 -0.18 -0.25 Feb 7, 2023 79.57 63.42 LU0329591993 -
D4 USD Annual 112.57 -0.26 -0.23 Feb 7, 2023 119.94 96.74 LU0827886465 -
A2 USD Accumulating 112.69 -0.27 -0.24 Feb 7, 2023 119.83 97.08 LU0072461881 -
A2 Hgd CNH Accumulating 185.21 -0.46 -0.25 Feb 7, 2023 199.25 160.79 LU1333800354 -
A4 GBP Annual 92.72 0.33 0.36 Feb 7, 2023 92.95 81.78 LU0204064967 -
E2 Hgd EUR Accumulating 56.73 -0.14 -0.25 Feb 7, 2023 62.50 49.52 LU0200685666 -
D2 USD Accumulating 127.63 -0.30 -0.23 Feb 7, 2023 134.90 109.69 LU0275209954 -
A2 Hgd EUR Accumulating 67.55 -0.16 -0.24 Feb 7, 2023 74.11 58.85 LU0200685153 -
D4 GBP Annual 93.78 0.32 0.34 Feb 7, 2023 94.11 82.97 LU0827886549 -
Class A10 USD Monthly 10.63 -0.03 -0.28 Feb 7, 2023 10.79 9.97 LU2533723545 -
X2 USD Accumulating 149.83 -0.35 -0.23 Feb 7, 2023 157.09 128.35 LU0147417983 -
D2 EUR Accumulating 119.47 0.41 0.34 Feb 7, 2023 124.77 108.82 LU0827886119 -
I2 USD Accumulating 126.82 -0.30 -0.24 Feb 7, 2023 133.77 108.90 LU0368249990 -
E2 USD Accumulating 101.49 -0.24 -0.24 Feb 7, 2023 108.35 87.57 LU0147417710 -
E2 EUR Accumulating 95.00 0.33 0.35 Feb 7, 2023 99.80 87.22 LU0171295891 -
A2 EUR Accumulating 105.49 0.37 0.35 Feb 7, 2023 110.56 96.54 LU0171293920 -
D2 GBP Accumulating 106.55 0.38 0.36 Feb 7, 2023 106.80 93.50 LU0827886200 -
C2 USD Accumulating 79.45 -0.19 -0.24 Feb 7, 2023 85.33 68.72 LU0147417470 -
I2 EUR Accumulating 118.72 0.42 0.36 Feb 7, 2023 123.83 107.95 LU1559748261 -
A4 USD Annual 111.22 -0.27 -0.24 Feb 7, 2023 118.29 95.82 LU0162691827 -

Portfolio Managers

Portfolio Managers

Tony DeSpirito
Director of Investments, U.S. Fundamental Equities and Head of U.S. Income & Value Team

Tony DeSpirito

Joseph Wolfe
Joseph Wolfe
David Zhao
David Zhao

Literature

Literature