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.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of Sep 30, 2021

9.66 4.10 9.13 -1.14 17.52
Benchmark (%)

as of Sep 30, 2021

14.88 12.94 7.28 5.27 22.19
  1Y 3Y 5Y 10y Incept.
15.06 9.21 7.98 - 10.25
Benchmark (%)

as of Nov 30, 2021

20.36 14.57 12.69 - 13.43
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
15.20 1.12 1.31 15.06 30.27 46.83 - 144.84
Benchmark (%)

as of Nov 30, 2021

17.76 1.11 2.29 20.36 50.38 81.75 - 217.87
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

Size of Fund (Millions) as of Dec 6, 2021 USD 1,002.165
12m Trailing Yield as of Nov 30, 2021 2.07
Number of Holdings as of Nov 30, 2021 48
Base Currency U.S. Dollar
Fund Inception Date Nov 12, 2010
Share Class Inception Date Sep 27, 2012
Asset Class Equity
Morningstar Category Global Equity Income
Benchmark Index MSCI All Country World Net TR Index - in GBP
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.08%
ISIN LU0827881748
Bloomberg Ticker BEID5GR
Annual Management Fee 0.75%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B88HFG9
Bloomberg Benchmark Ticker NDUEACWF
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Nov 30, 2021 14.03
3y Beta as of Nov 30, 2021 0.862
5y Volatility - Benchmark as of Nov 30, 2021 12.03
5y Beta as of Nov 30, 2021 0.858

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Nov 5, 2021 AA
MSCI ESG Quality Score (0-10) as of Nov 5, 2021 7.92
MSCI ESG Quality Score - Peer Percentile as of Nov 5, 2021 62.72
MSCI ESG % Coverage as of Nov 5, 2021 99.76
Fund Lipper Global Classification as of Nov 5, 2021 Equity Global Income
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 5, 2021 29.09
Funds in Peer Group as of Nov 5, 2021 456
All data is from MSCI ESG Fund Ratings as of Nov 5, 2021, based on holdings as of May 31, 2021. 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% 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.

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 Nov 30, 2021 0.00%
MSCI - UN Global Compact Violators as of Nov 30, 2021 0.00%
MSCI - Nuclear Weapons as of Nov 30, 2021 0.00%
MSCI - Thermal Coal as of Nov 30, 2021 0.00%
MSCI - Civilian Firearms as of Nov 30, 2021 0.00%
MSCI - Oil Sands as of Nov 30, 2021 0.00%
MSCI - Tobacco as of Nov 30, 2021 1.62%

Business Involvement Coverage as of Nov 30, 2021 100.42%
Percentage of Fund not covered as of Nov 30, 2021 0.00%
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 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 decision phases of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager’s ongoing monitoring of the portfolio involves 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

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Global Equity Income Fund, Class D5G, as of Nov 30, 2021 rated against 953 Global Equity Income Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Nov 30, 2021
Name Weight (%)
MICROSOFT CORP 4.07
TAIWAN SEMICONDUCTOR MANUFACTURING 3.49
ABBVIE INC 3.40
UNITEDHEALTH GROUP INC 3.35
SANOFI SA 3.32
Name Weight (%)
NOVO NORDISK CLASS B 3.16
RELX PLC 3.14
INTERCONTINENTAL EXCHANGE INC 3.14
TEXAS INSTRUMENT INC 3.11
MEDTRONIC PLC 2.98
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
D5G GBP Quarterly 12.85 0.11 0.86 13.07 10.95 - LU0827881748 - -
D2 Hgd SGD Accumulating 21.06 0.16 0.77 21.75 18.24 - LU0827881581 - -
Class AI2 EUR - 12.66 0.10 0.80 13.02 11.34 - LU1960222955 - -
D2 Hgd EUR Accumulating 18.99 0.15 0.80 19.62 16.58 - LU0827881409 - -
A2 Hgd EUR Accumulating 17.73 0.14 0.80 18.33 15.59 - LU0625451603 - -
D2 Hgd CHF Accumulating 16.87 0.14 0.84 17.42 14.75 - LU0862987244 - -
E5G USD Quarterly 15.07 0.12 0.80 15.56 13.40 - LU0579999342 - -
A2 Hgd PLN Accumulating 22.18 0.17 0.77 22.89 19.39 - LU0654592483 - -
A2 USD Accumulating 22.08 0.17 0.78 22.80 19.22 - LU0545039389 - -
A4G EUR Annual 14.16 0.11 0.78 14.56 11.64 - LU0739721834 - -
D5G Hgd GBP Quarterly 9.60 0.07 0.73 9.91 8.48 - LU0827881318 - -
A5G USD Quarterly 15.86 0.12 0.76 16.38 14.04 - LU0553294199 - -
A2 EUR Accumulating 19.56 0.15 0.77 20.11 15.74 - LU0880975056 - -
A6 USD Monthly Stable 16.06 0.12 0.75 16.62 14.37 - LU0738911758 - -
D4G EUR Annual 16.37 0.13 0.80 16.83 13.36 - LU0938162426 - -
D5G USD Quarterly 17.00 0.13 0.77 17.54 14.93 - LU0827881235 - -
D2 Hgd PLN Accumulating 23.75 0.18 0.76 24.51 20.62 - LU0827881151 - -
A4G Hgd EUR Annual 11.93 0.10 0.85 12.45 10.71 - LU1529944511 - -
C2 USD Accumulating 18.20 0.14 0.78 18.81 16.03 - LU0545039629 - -
A5G GBP Quarterly 11.97 0.10 0.84 12.18 10.26 - LU0557294096 - -
E2 USD Accumulating 20.93 0.16 0.77 21.62 18.30 - LU0545040122 - -
A6 Hgd SGD Monthly Stable 12.46 0.10 0.81 12.89 11.16 - LU0949170772 - -
A5G Hgd EUR Quarterly 13.04 0.11 0.85 13.48 11.65 - LU0625451512 - -
A8 Hgd CNH Monthly Stable with IRD 128.35 0.99 0.78 132.78 113.72 - LU1220226846 - -
I2 USD Accumulating 16.45 0.13 0.80 16.97 14.18 - LU0545040395 - -
D5G Hgd EUR Quarterly 13.97 0.11 0.79 14.43 12.40 - LU0827881664 - -
A6 Hgd HKD Monthly Stable 121.88 0.94 0.78 126.12 109.21 - LU1003077747 - -
A2 Hgd SGD Accumulating 19.67 0.15 0.77 20.32 17.16 - LU0661495795 - -
A2 Hgd CHF Accumulating 13.36 0.10 0.75 13.81 11.77 - LU1115429885 - -
Class AI2 Hedged EUR - 12.06 0.10 0.84 12.47 11.35 - LU1960223094 - -
X2 USD Accumulating 26.85 0.21 0.79 27.67 22.97 - LU0545040635 - -
E5G Hgd EUR Quarterly 12.05 0.10 0.84 12.46 10.82 - LU0628613126 - -
A8 Hgd AUD Monthly Stable with IRD 12.48 0.10 0.81 12.93 11.17 - LU0949170699 - -
C5G USD Quarterly 13.23 0.10 0.76 13.67 11.85 - LU0592708423 - -
E2 Hgd EUR - 11.61 0.10 0.87 12.00 10.25 - LU1786037793 - -
E2 EUR Accumulating 18.54 0.14 0.76 19.06 14.99 - LU0628613043 - -
A5G Hgd SGD Quarterly 14.67 0.12 0.82 15.15 13.00 - LU0661504455 - -
Class AI5G Hedged EUR Quarterly 11.26 0.09 0.81 11.64 10.06 - LU1960223177 - -
A8 Hgd ZAR Monthly Stable with IRD 130.15 1.02 0.79 134.71 114.47 - LU1023055079 - -
D2 USD Accumulating 23.98 0.19 0.80 24.74 20.72 - LU0545039975 - -

Portfolio Managers

Portfolio Managers

Andrew Wheatley-Hubbard, CFA
Portfolio Manager, Global Dividend Income
Olivia Treharne
Olivia Treharne

Literature

Literature