Equity

BGF Global Dynamic Equity Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

This fund does not have any distributions data as of now.
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of Dec 31, 2020

6.28 19.90 -11.81 26.99 25.45
Benchmark (%)

as of Dec 31, 2020

9.13 23.74 -8.17 27.91 15.08
  1Y 3Y 5Y 10y Incept.
26.98 10.71 14.63 9.38 7.45
Benchmark (%)

as of Jan 31, 2021

15.27 8.32 13.90 10.22 8.29
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
1.88 1.88 24.42 26.98 35.71 97.92 145.04 147.36
Benchmark (%)

as of Jan 31, 2021

-0.87 -0.87 16.89 15.27 27.09 91.73 164.58 173.05
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

Number of Issuers 307
Size of Fund (Millions) as of Feb 26, 2021 USD 449.792
12m Trailing Yield -
Base Currency U.S. Dollar
Fund Inception Date Feb 28, 2006
Share Class Currency U.S. Dollar
Share Class Inception Date Jun 20, 2008
Asset Class Equity
Morningstar Category Global Large-Cap Blend Equity
Benchmark Index 60% S&P 500 / 40% FTSE World Ex-US Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.10%
ISIN LU0368268198
Bloomberg Ticker BGGDUD2
Annual Management Fee 0.75%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B39TX65
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of Jan 29, 2021 26.67
Average Market Cap (Millions) as of Jan 29, 2021 USD 340,108.4 M
3y Volatility as of Jan 31, 2021 20.03

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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 - -
MSCI - UN Global Compact Violators as of - -
MSCI - Nuclear Weapons as of - -
MSCI - Thermal Coal as of - -
MSCI - Civilian Firearms as of - -
MSCI - Oil Sands as of - -
MSCI - Tobacco as of - -

Business Involvement Coverage as of - -
Percentage of Fund not covered as of - -
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 -% and for Oil Sands -%.

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 includes ESG considerations in combination with other information in the research and due diligence phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. 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

Ratings

Morningstar Rating

5
Overall Morningstar Rating for BGF Global Dynamic Equity Fund, Class D2, as of Jan 31, 2021 rated against 3365 Global Large-Cap Blend Equity Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jan 29, 2021
Name Weight (%)
APPLE INC 3.23
MICROSOFT CORP 3.03
ALPHABET INC CLASS C 2.27
AMAZON COM INC 2.24
TAIWAN SEMICONDUCTOR MANUFACTURING 1.61
Name Weight (%)
PALANTIR TECHNOLOGIES 1.60
SIEMENS N AG 1.57
JOHNSON & JOHNSON 1.35
C3 AI INC LOCKUP Prvt 1.32
ENEL 1.31
as of Jan 29, 2021
Name Weight (%)
2020 CASH MANDATORY EXCHANGEABLE T 144A 0.22
BECTON DICKINSON AND COMPANY 0.17
APTIV PLC 0.14
Name Weight (%)
BOSTON SCIENTIFIC CORPORATION 0.07
CHINA MILK PRODUCTS GROUP LTD 0 01/05/2012 0.00
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 29, 2021

% of Net Assets

Type Fund
Allocations subject to change.
as of Jan 29, 2021

% of Net Assets

Type Fund
as of Jan 29, 2021

% of Market Value

Type Fund
as of Jan 29, 2021

% of Net Assets

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.

% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds. On a market value basis the Fund is comprised of 89% equities, 2% fixed income, 9% cash equivalents. The Funds will not use borrowing to purchase additional investments but may be expected, via derivative positions, to obtain market exposure in excess of net asset value.



Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
D2 USD Accumulating 31.85 -0.85 -2.60 33.13 16.90 - LU0368268198 - -
E2 USD Accumulating 26.85 -0.72 -2.61 27.94 14.41 - LU0238689201 - -
X2 USD Accumulating 36.88 -0.99 -2.61 38.35 19.39 - LU0331284876 - -
D2 EUR Accumulating 26.28 -0.44 -1.65 27.36 15.65 - LU0827880856 - -
A2 USD Accumulating 28.94 -0.78 -2.62 30.11 15.46 - LU0238689110 - -
E2 EUR Accumulating 22.15 -0.37 -1.64 23.07 13.34 - LU0238689896 - -
A2 Hgd EUR Accumulating 18.11 -0.48 -2.58 18.84 9.82 - LU0238690555 - -
A2 Hgd CNH Accumulating 182.36 -4.86 -2.60 189.57 95.89 - LU1254117549 - -
D2 Hgd EUR Accumulating 19.28 -0.51 -2.58 20.05 10.38 - LU0326425609 - -
D4 EUR Annual 21.68 -0.37 -1.68 22.57 12.95 - LU0938162772 - -
E2 Hgd EUR Accumulating 17.14 -0.46 -2.61 17.83 9.33 - LU0238690985 - -
A4 EUR Annual 23.81 -0.40 -1.65 24.79 14.28 - LU0408221603 - -
C2 Hgd EUR Accumulating 15.34 -0.41 -2.60 15.96 8.41 - LU0326425435 - -
C2 EUR Accumulating 19.81 -0.34 -1.69 20.64 12.02 - LU0331285097 - -
A2 EUR Accumulating 23.87 -0.41 -1.69 24.86 14.32 - LU0238689623 - -

Portfolio Managers

Portfolio Managers

David Clayton, CFA, JD
Portfolio Manager, Global Allocation

David Clayton

Russ Koesterich
Managing Director, Portfolio Manager and member of the Global Allocation team

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team within BlackRock's Multi-Asset Strategies Group.

 

 

Literature

Literature