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.

IMPORTANT: 

•   The Fund's investments in equities could incur significant losses due to higher fluctuation of equity values. The Fund's income-generating investment strategy may reduce the potential for capital growth and future income of the Fund.
•   The Fund is subject to currency risk, emerging market risk, foreign investments restrictions risk, small-cap companies’ volatility and liquidity risks and currency conversion risk including Renminbi denominated Classes.
•   Class 5(G) Shares pay dividends gross of expenses. Class 6 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. Class 8 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion and include interest rate differentials arising from share class currency hedging. Negative interest rate differentials may decrease the dividends paid. Paying dividends gross of expenses may result in more income being available for distribution; however these shares may effectively pay dividends from capital – may amount to a partial return or withdrawal of an investor’s original investment or capital gains. All declared dividends result in an immediate reduction in the NAV price of the share class on the ex-dividend date.
•   The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
•   The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
•   Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.

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

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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
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  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) -3.21 5.79 18.81 -10.14 15.89 6.17 16.12
  1Y 3Y 5Y 10y Incept.
-11.39 2.01 2.07 - 3.93
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-14.86 4.84 0.22 -5.29 -11.39 6.14 10.77 - 36.91
  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
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of Sep 30, 2022

5.54 -0.28 0.95 20.98 -18.21
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 Dec 7, 2022 USD 4,350,647,454
Share Class Inception Date Oct 8, 2014
Fund Inception Date Oct 13, 2006
Share Class Currency AUD
Base Currency USD
Asset Class Equity
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 1.82%
Annual Management Fee 1.50%
Performance Fee 0.00%
Minimum Initial Investment AUD 5000
Minimum Subsequent Investment -
Distribution Frequency Monthly
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Other Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGGEA8A
ISIN LU1116320141
SEDOL BR4SY06

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Nov 30, 2022 435
12m Trailing Yield as of Nov 30, 2022 7.90%
Standard Deviation (3y) as of Nov 30, 2022 17.50%
P/E Ratio as of Nov 30, 2022 15.26
P/B Ratio as of Nov 30, 2022 2.47

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 Sep 21, 2022 AAA
MSCI ESG % Coverage as of Sep 21, 2022 96.32
MSCI ESG Quality Score (0-10) as of Sep 21, 2022 8.75
MSCI ESG Quality Score - Peer Percentile as of Sep 21, 2022 28.78
Fund Lipper Global Classification as of Sep 21, 2022 Equity Global Income
Funds in Peer Group as of Sep 21, 2022 476
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Sep 21, 2022 123.59
MSCI Weighted Average Carbon Intensity % Coverage as of Sep 21, 2022 92.55
All data is from MSCI ESG Fund Ratings as of Sep 21, 2022, based on holdings as of Apr 30, 2022. 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 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.

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, 2022 0.00%
MSCI - UN Global Compact Violators as of Nov 30, 2022 1.03%
MSCI - Nuclear Weapons as of Nov 30, 2022 0.00%
MSCI - Thermal Coal as of Nov 30, 2022 0.43%
MSCI - Civilian Firearms as of Nov 30, 2022 0.00%
MSCI - Oil Sands as of Nov 30, 2022 0.20%
MSCI - Tobacco as of Nov 30, 2022 3.39%

Business Involvement Coverage as of Nov 30, 2022 99.64%
Percentage of Fund not covered as of Nov 30, 2022 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 1.02% and for Oil Sands 0.69%.

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 the research and decision phases of the investment process. This may include relevant, internal ESG research which along with multiple other research insights, informs 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 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

4 stars
Overall Morningstar Rating for BGF Systematic Global Equity High Income Fund, Class A8 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 Nov 30, 2022
Name Weight (%)
MICROSOFT CORPORATION 3.44
ALPHABET INC 3.40
APPLE INC 3.07
JOHNSON & JOHNSON 2.69
UNITEDHEALTH GROUP INC 1.97
Name Weight (%)
AMAZON.COM INC 1.94
PEPSICO INC 1.79
HOME DEPOT INC 1.61
MERCK & CO INC 1.47
NOVO NORDISK A/S 1.43
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2022

% of Market Value

Type Fund
as of Nov 30, 2022

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
A8 Hgd AUD Monthly 7.45 -0.06 -0.80 Dec 7, 2022 9.46 6.77 LU1116320141 -
I3 USD Monthly 9.53 -0.09 -0.94 Dec 7, 2022 11.84 8.63 LU1630945258 -
D6 USD - 9.92 -0.08 -0.80 Dec 7, 2022 10.61 8.98 LU2490080954 -
A2 Hgd SGD Accumulating 13.10 -0.11 -0.83 Dec 7, 2022 15.32 11.75 LU0326426086 -
A5 USD Quarterly 4.71 -0.04 -0.84 Dec 7, 2022 5.78 4.22 LU0265550946 -
A2 Hgd EUR Accumulating 9.53 -0.08 -0.83 Dec 7, 2022 11.39 8.59 LU0278718100 -
A8 Hgd CAD Monthly 7.51 -0.07 -0.92 Dec 7, 2022 9.49 6.83 LU1116320497 -
A6 Hgd HKD Monthly 75.05 -0.64 -0.85 Dec 7, 2022 94.91 68.32 LU1116320901 -
I4G USD - 9.07 -0.08 -0.87 Dec 7, 2022 10.49 8.11 LU2448342217 -
E2 Hgd EUR Accumulating 8.81 -0.08 -0.90 Dec 7, 2022 10.58 7.95 LU0278719173 -
A4G Hgd CHF Annual 8.76 -0.07 -0.79 Dec 7, 2022 10.48 7.90 LU2448342480 -
C2 USD Accumulating 13.43 -0.12 -0.89 Dec 7, 2022 15.76 12.06 LU0265551670 -
C5 USD Quarterly 4.70 -0.04 -0.84 Dec 7, 2022 5.77 4.22 LU0265551753 -
I5 USD Quarterly 9.81 -0.08 -0.81 Dec 7, 2022 11.90 8.78 LU1379101360 -
D2 Hgd EUR Accumulating 10.43 -0.09 -0.86 Dec 7, 2022 12.36 9.39 LU0827880930 -
E2 EUR Accumulating 14.11 -0.15 -1.05 Dec 7, 2022 15.34 13.51 LU1276852156 -
D5 USD Quarterly 5.21 -0.05 -0.95 Dec 7, 2022 6.34 4.66 LU0265552215 -
A8 Hgd CNH Monthly 79.97 -0.68 -0.84 Dec 7, 2022 101.92 73.02 LU1149717743 -
Class SR2 USD - 9.61 -0.08 -0.83 Dec 7, 2022 10.11 8.60 LU2471418041 -
X2 USD - 12.97 -0.11 -0.84 Dec 7, 2022 14.80 11.59 LU0265554344 -
Class SR6 USD - 9.19 -0.08 -0.86 Dec 7, 2022 10.11 8.33 LU2471418397 -
D4G Hgd CHF Annual 8.81 -0.08 -0.90 Dec 7, 2022 10.48 7.94 LU2448342647 -
D2 USD Accumulating 18.41 -0.16 -0.86 Dec 7, 2022 21.18 16.48 LU0368268602 -
A5 Hgd EUR Quarterly 3.20 -0.03 -0.93 Dec 7, 2022 4.05 2.89 LU0278719090 -
A4G USD Annual 8.99 -0.07 -0.77 Dec 7, 2022 10.48 8.06 LU2448342308 -
A2 USD Accumulating 16.43 -0.15 -0.90 Dec 7, 2022 19.06 14.73 LU0265550359 -
D4G USD Annual 9.05 -0.08 -0.88 Dec 7, 2022 10.49 8.10 LU2448342563 -
A6 Hgd GBP Monthly 7.03 -0.06 -0.85 Dec 7, 2022 8.98 6.41 LU1116319994 -
A8 Hgd NZD Monthly 7.49 -0.07 -0.93 Dec 7, 2022 9.52 6.82 LU1116319648 -
I2 EUR - 14.93 -0.15 -0.99 Dec 7, 2022 16.15 14.18 LU1791805960 -
A6 USD Monthly 7.84 -0.07 -0.88 Dec 7, 2022 9.83 7.13 LU1116320737 -
Class E5 Hedged EUR Quarterly 7.28 -0.06 -0.82 Dec 7, 2022 9.21 6.57 LU0278719413 -

Portfolio Managers

Portfolio Managers

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

Literature

Literature