Equity

BGF World Energy 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

View full chart

Reinvestments

This fund does not have any distributions data as of now.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -4.37 -22.30 30.92 -13.05 -17.67 12.98 -34.98 51.96 47.34 -0.41
Constraint Benchmark 1 (%) 0.38 -14.74 31.65 -7.46 -12.08 14.37 -35.56 49.87 51.56 0.83

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

  1Y 3Y 5Y 10y Incept.
21.61 24.66 10.81 1.57 2.84
Constraint Benchmark 1 (%) 25.25 25.61 11.76 4.60 6.02
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
10.46 -4.01 7.51 7.13 21.61 93.73 67.03 16.88 91.13
Constraint Benchmark 1 (%) 11.60 -0.98 9.17 10.29 25.25 98.20 74.33 56.81 286.60
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of Mar 31, 2024

-43.12 38.61 63.32 4.21 18.22
Constraint Benchmark 1 (%)

as of Mar 31, 2024

-45.19 45.60 58.10 7.64 19.18
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.

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 Jun 12, 2024
USD 2,455,151,269
Fund Inception Date
Mar 15, 2001
Base Currency
USD
Constraint Benchmark 1
MSCI World Energy 30% Buffer 10/40 EUR NET Index
Initial Charge
3.00%
ISIN
LU0171304552
Performance Fee
0.00%
Minimum Subsequent Investment
-
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MERENYE
Share Class Inception Date
Apr 6, 2001
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charge
2.55%
Annual Management Fee
2.25%
Minimum Initial Investment
EUR 5000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Sector Equity Energy
Dealing Frequency
Daily, forward pricing basis
SEDOL
B43HL24

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of May 31, 2024
31
3y Beta
as of May 31, 2024
1.015
P/B Ratio
as of May 31, 2024
2.07
Standard Deviation (3y)
as of May 31, 2024
24.65%
P/E Ratio
as of May 31, 2024
10.55

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.

The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of May 19, 2024
A
MSCI ESG Quality Score (0-10)
as of May 19, 2024
7.08
Fund Lipper Global Classification
as of May 19, 2024
Equity Sector Energy
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of May 19, 2024
371.76
MSCI ESG % Coverage
as of May 19, 2024
99.96
MSCI ESG Quality Score - Peer Percentile
as of May 19, 2024
64.86
Funds in Peer Group
as of May 19, 2024
148
MSCI Weighted Average Carbon Intensity % Coverage
as of May 19, 2024
98.77
All data is from MSCI ESG Fund Ratings as of May 19, 2024, based on holdings as of Dec 31, 2023. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

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.

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 May 31, 2024
0.00%
MSCI - Nuclear Weapons
as of May 31, 2024
0.00%
MSCI - Civilian Firearms
as of May 31, 2024
0.00%
MSCI - Tobacco
as of May 31, 2024
0.00%
MSCI - UN Global Compact Violators
as of May 31, 2024
0.00%
MSCI - Thermal Coal
as of May 31, 2024
0.00%
MSCI - Oil Sands
as of May 31, 2024
7.67%

Business Involvement Coverage
as of May 31, 2024
99.93%
Percentage of Fund not covered
as of May 31, 2024
0.02%
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 48.22%.

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 criteria in combination with other information during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from third-party vendors, as well as internal engagement commentary and site visits and input from BlackRock Investment Stewardship. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, 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

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF World Energy Fund, Class E2, as of Mar 31, 2012 rated against 161 Sector Equity Energy Funds.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of May 31, 2024
Name Weight (%)
SHELL PLC 9.62
EXXON MOBIL CORP 9.09
BP PLC 6.04
TOTALENERGIES SE 6.03
HESS CORP 5.01
Name Weight (%)
CHEVRON CORP 4.81
WILLIAMS COMPANIES INC 4.78
MARATHON PETROLEUM CORP 4.78
CANADIAN NATURAL RESOURCES LTD 4.74
CONOCOPHILLIPS 4.46
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
Sorry, countries/regions are not available at this time.
as of May 31, 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
E2 EUR 21.09 0.08 0.38 Jun 12, 2024 23.04 17.72 LU0171304552
I2 Hgd EUR 7.35 0.10 1.38 Jun 12, 2024 7.90 6.27 LU0368235932
A2 EUR 23.67 0.08 0.34 Jun 12, 2024 25.84 19.79 LU0171301533
Class S2 EUR 14.77 0.06 0.41 Jun 12, 2024 16.09 12.23 LU2459103631
D2 Hgd EUR 7.12 0.09 1.28 Jun 12, 2024 7.66 6.09 LU0326422333
D2 EUR 27.16 0.10 0.37 Jun 12, 2024 29.61 22.54 LU0252963896
B2 USD 9.48 0.13 1.39 Jun 12, 2024 10.18 9.29 LU2776654761
C2 USD 19.20 0.26 1.37 Jun 12, 2024 20.63 16.44 LU0147400070
C2 EUR 17.72 0.06 0.34 Jun 12, 2024 19.38 15.00 LU0331289248
Class S2 USD 16.00 0.22 1.39 Jun 12, 2024 17.13 13.41 LU1706558852
A4 GBP 17.89 0.07 0.39 Jun 12, 2024 19.77 15.48 LU0204068364
Class X10 USD 10.40 0.14 1.36 Jun 12, 2024 11.26 9.30 LU2471418553
A2 USD 25.65 0.35 1.38 Jun 12, 2024 27.50 21.70 LU0122376428
Class A10 USD 10.42 0.14 1.36 Jun 12, 2024 11.32 9.49 LU2533724600
E2 Hgd EUR 5.81 0.08 1.40 Jun 12, 2024 6.25 5.03 LU0326422507
D2 Hgd CHF 7.24 0.10 1.40 Jun 12, 2024 7.81 6.31 LU0827888834
Class AI2 EUR 15.48 0.06 0.39 Jun 12, 2024 16.89 12.94 LU1960223417
D4 GBP 18.15 0.07 0.39 Jun 12, 2024 20.04 15.70 LU0630472362
I2 USD 29.63 0.41 1.40 Jun 12, 2024 31.71 24.83 LU0368250907
D4 EUR 21.42 0.07 0.33 Jun 12, 2024 23.36 18.17 LU0827888677
I5 USD 11.42 0.16 1.42 Jun 12, 2024 12.22 9.80 LU2629201513
A2 Hgd HKD 11.67 0.15 1.30 Jun 12, 2024 12.55 9.96 LU0788109394
A4 EUR 21.27 0.08 0.38 Jun 12, 2024 23.21 18.04 LU0408222247
D4 USD 23.21 0.32 1.40 Jun 12, 2024 24.86 19.93 LU0827888750
X2 EUR 34.61 0.12 0.35 Jun 12, 2024 37.66 28.38 LU0214281593
A2 Hgd CHF 6.64 0.09 1.37 Jun 12, 2024 7.17 5.83 LU0589470672
C2 Hgd EUR 5.13 0.06 1.18 Jun 12, 2024 5.54 4.48 LU0326422259
A2 Hgd AUD 9.21 0.12 1.32 Jun 12, 2024 9.91 7.91 LU1023058172
A2 Hgd SGD 6.87 0.09 1.33 Jun 12, 2024 7.39 5.91 LU0368265418
A2 Hgd EUR 6.31 0.08 1.28 Jun 12, 2024 6.79 5.44 LU0326422176
D2 USD 29.42 0.40 1.38 Jun 12, 2024 31.51 24.71 LU0252969075
E2 USD 22.85 0.32 1.42 Jun 12, 2024 24.52 19.42 LU0122377152
I2 EUR 27.35 0.10 0.37 Jun 12, 2024 29.80 23.97 LU2708802744
Class S2 Hedged EUR 14.72 0.20 1.38 Jun 12, 2024 15.81 12.56 LU2099034238
X2 USD 37.50 0.52 1.41 Jun 12, 2024 40.07 31.12 LU0147400401

Portfolio Managers

Portfolio Managers

Alastair Bishop
Alastair Bishop
Mark Hume
Mark Hume

Literature

Literature