Equity

BGF Systematic Global Equity High 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.

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. Risk to Capital Growth: The Fund may pursue investment strategies using derivatives in order to generate income which may have the effect of reducing capital and the potential for long-term capital growth as well as increasing any capital losses.

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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Distributions

Ex-Date Total Distribution
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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -4.71 4.52 17.34 -10.48 16.57 8.84 16.77 -15.53 14.34

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

  1Y 3Y 5Y 10y Incept.
16.63 4.15 7.17 - 5.60
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
10.62 2.76 3.32 10.62 16.63 12.99 41.39 - 69.88
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of Jun 30, 2024

-3.84 30.14 -11.38 9.31 16.63
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 HKD, 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 Jul 12, 2024
USD 6,121,699,497
Fund Inception Date
Oct 13, 2006
Base Currency
USD
SFDR Classification
Other
Ongoing Charge
1.80%
Annual Management Fee
1.50%
Minimum Initial Investment
HKD 5000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BR4SXZ4
Share Class Inception Date
Oct 8, 2014
Share Class Currency
HKD
Asset Class
Equity
Initial Charge
5.00%
ISIN
LU1116320901
Performance Fee
0.00%
Minimum Subsequent Investment
-
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGGEA6H

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jun 28, 2024
351
Standard Deviation (3y)
as of Jun 30, 2024
12.67%
P/B Ratio
as of Jun 28, 2024
2.81
12m Trailing Yield
as of Jun 30, 2024
7.36%
P/E Ratio
as of Jun 28, 2024
19.23

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 Jun 21, 2024
A
MSCI ESG Quality Score (0-10)
as of Jun 21, 2024
6.90
Fund Lipper Global Classification
as of Jun 21, 2024
Equity Global Income
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Jun 21, 2024
56.44
MSCI ESG % Coverage
as of Jun 21, 2024
97.48
MSCI ESG Quality Score - Peer Percentile
as of Jun 21, 2024
12.03
Funds in Peer Group
as of Jun 21, 2024
532
MSCI Weighted Average Carbon Intensity % Coverage
as of Jun 21, 2024
92.60
All data is from MSCI ESG Fund Ratings as of Jun 21, 2024, based on holdings as of Jan 31, 2024. 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 Jun 28, 2024
0.00%
MSCI - Nuclear Weapons
as of Jun 28, 2024
0.00%
MSCI - Civilian Firearms
as of Jun 28, 2024
0.00%
MSCI - Tobacco
as of Jun 28, 2024
2.61%
MSCI - UN Global Compact Violators
as of Jun 28, 2024
0.16%
MSCI - Thermal Coal
as of Jun 28, 2024
0.99%
MSCI - Oil Sands
as of Jun 28, 2024
0.05%

Business Involvement Coverage
as of Jun 28, 2024
100.13%
Percentage of Fund not covered
as of Jun 28, 2024
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 1.08% and for Oil Sands 1.76%.

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 may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). 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 metrics, and other factors.

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Systematic Global Equity High Income Fund, Class A6 Hedged, as of Jul 31, 2018 rated against 228 Other 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 Jun 28, 2024
Name Weight (%)
AMAZON.COM INC 4.12
APPLE INC 3.84
NVIDIA CORPORATION 3.72
MICROSOFT CORPORATION 3.68
VISA INC 2.46
Name Weight (%)
ALPHABET INC 2.41
MERCK & CO INC 2.29
COCA-COLA CO 2.17
MARSH & MCLENNAN COMPANIES INC 2.08
NOVO NORDISK A/S 2.04
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jun 28, 2024

% of Market Value

Type Fund
as of Jun 28, 2024

% of Market Value

Type Fund
Sorry, countries/regions are not available at this time.
Sorry, market cap data is not available at this time.
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
A6 Hgd HKD 83.75 -0.23 -0.27 Jul 12, 2024 83.98 70.84 LU1116320901
Class B6 Hedged JPY 1,020.00 -2.00 -0.20 Jul 12, 2024 1,022.00 957.00 LU2776654258
D5G Hgd GBP 9.82 -0.02 -0.20 Jul 12, 2024 9.84 8.21 LU2325744022
A6 Hgd CHF 10.88 -0.03 -0.27 Jul 12, 2024 10.91 9.43 LU2655522931
A8 Hgd AUD 8.42 -0.02 -0.24 Jul 12, 2024 8.44 7.08 LU1116320141
A2 Hgd SGD 16.44 -0.04 -0.24 Jul 12, 2024 16.48 13.28 LU0326426086
Class D6 Hedged SGD 9.31 -0.02 -0.21 Jul 12, 2024 9.33 7.87 LU2381873202
A8 Hgd NZD 8.52 -0.02 -0.23 Jul 12, 2024 8.54 7.17 LU1116319648
Class B6 USD 10.36 -0.03 -0.29 Jul 12, 2024 10.39 9.61 LU2776654175
A6 Hgd SGD 9.05 -0.03 -0.33 Jul 12, 2024 9.08 7.70 LU2381873111
I3 USD 11.14 -0.03 -0.27 Jul 12, 2024 11.17 9.29 LU1630945258
E2 EUR 17.46 -0.06 -0.34 Jul 12, 2024 17.52 14.30 LU1276852156
Class I5G USD 11.47 -0.03 -0.26 Jul 12, 2024 11.50 9.53 LU1379101360
A6 USD 8.93 -0.02 -0.22 Jul 12, 2024 8.95 7.50 LU1116320737
A8 Hgd CAD 8.48 -0.02 -0.24 Jul 12, 2024 8.50 7.13 LU1116320497
Class SR6 USD 10.67 -0.02 -0.19 Jul 12, 2024 10.69 8.90 LU2471418397
D6 USD 11.53 -0.03 -0.26 Jul 12, 2024 11.56 9.62 LU2490080954
A2 Hgd EUR 11.86 -0.03 -0.25 Jul 12, 2024 11.89 9.58 LU0278718100
I2 EUR 18.97 -0.06 -0.32 Jul 12, 2024 19.03 15.31 LU1791805960
Class B8 Hedged ZAR 103.84 -0.26 -0.25 Jul 12, 2024 104.10 96.24 LU2776654332
A6 Hgd GBP 7.86 -0.02 -0.25 Jul 12, 2024 7.88 6.62 LU1116319994
I4G USD 11.09 -0.03 -0.27 Jul 12, 2024 11.12 8.77 LU2448342217
A5G Hgd EUR 3.53 -0.01 -0.28 Jul 12, 2024 3.54 3.00 LU0278719090
Class SR2 USD 12.60 -0.03 -0.24 Jul 12, 2024 12.63 9.98 LU2471418041
A4G USD 10.79 -0.03 -0.28 Jul 12, 2024 10.82 8.61 LU2448342308
D4G Hgd CHF 10.00 -0.03 -0.30 Jul 12, 2024 10.03 8.16 LU2448342647
A4G Hgd CHF 9.79 -0.03 -0.31 Jul 12, 2024 9.82 8.04 LU2448342480
E5G Hgd EUR 8.04 -0.02 -0.25 Jul 12, 2024 8.06 6.83 LU0278719413
D2 USD 24.13 -0.06 -0.25 Jul 12, 2024 24.19 19.12 LU0368268602
A2 USD 21.23 -0.05 -0.23 Jul 12, 2024 21.28 16.93 LU0265550359
D4G USD 11.03 -0.02 -0.18 Jul 12, 2024 11.05 8.74 LU2448342563
X2 USD 17.23 -0.05 -0.29 Jul 12, 2024 17.28 13.56 LU0265554344
A6 Hgd JPY 1,076.00 -3.00 -0.28 Jul 12, 2024 1,079.00 940.00 LU2655522857
C2 USD 17.01 -0.04 -0.23 Jul 12, 2024 17.05 13.68 LU0265551670
A5G USD 5.40 -0.02 -0.37 Jul 12, 2024 5.42 4.53 LU0265550946
D2 Hgd EUR 13.16 -0.04 -0.30 Jul 12, 2024 13.20 10.57 LU0827880930
D5G Hgd EUR 9.46 -0.03 -0.32 Jul 12, 2024 9.49 7.99 LU2315843586
C5G USD 5.40 -0.01 -0.18 Jul 12, 2024 5.41 4.53 LU0265551753
A2 Hgd CHF 11.14 -0.03 -0.27 Jul 12, 2024 11.17 9.15 LU2315843826
E2 Hgd EUR 10.88 -0.03 -0.27 Jul 12, 2024 10.91 8.82 LU0278719173
D2 Hgd CHF 11.48 -0.03 -0.26 Jul 12, 2024 11.51 9.36 LU2315844048
D5G Hgd CHF 9.16 -0.02 -0.22 Jul 12, 2024 9.18 7.86 LU2315843743
Class I5G Hedged EUR 9.29 -0.02 -0.21 Jul 12, 2024 9.31 7.83 LU2319964198
A8 Hgd ZAR 105.47 -0.26 -0.25 Jul 12, 2024 105.73 88.25 LU2250418733
D5G USD 6.07 -0.01 -0.16 Jul 12, 2024 6.08 5.05 LU0265552215
Class I5G Hedged CHF 9.00 -0.02 -0.22 Jul 12, 2024 9.02 7.71 LU2319964271
A6 Hgd EUR 10.93 -0.03 -0.27 Jul 12, 2024 10.96 9.30 LU2641782821
A2 Hgd JPY 1,050.00 -3.00 -0.28 Jul 12, 2024 1,053.00 1,000.00 LU2796517071
A2 Hgd HKD 123.99 -0.33 -0.27 Jul 12, 2024 124.32 99.64 LU2290526081
A8 Hgd CNH 88.74 -0.23 -0.26 Jul 12, 2024 88.97 74.89 LU1149717743
A5G Hgd CHF 8.89 -0.02 -0.22 Jul 12, 2024 8.91 7.68 LU2315843669

Portfolio Managers

Portfolio Managers

Robert Fisher
Robert Fisher
Andrew Huzzey
Andrew Huzzey
Muzo Kayacan
Muzo Kayacan

Literature

Literature