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.

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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-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of Jun 30, 2022

6.04 6.02 -3.20 32.90 -9.31
  1Y 3Y 5Y 10y Incept.
-6.32 6.77 6.25 - 6.97
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-11.31 4.85 -3.66 -6.32 21.72 35.42 - 66.53
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 Aug 9, 2022 USD 4,462.457
12m Trailing Yield as of Jul 31, 2022 9.71
Number of Holdings as of Jul 29, 2022 381
Base Currency U.S. Dollar
Fund Inception Date Oct 13, 2006
Share Class Inception Date Jan 7, 2015
Asset Class Equity
Morningstar Category Other Equity
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.81%
ISIN LU1149717743
Bloomberg Ticker BGEEA8C
Annual Management Fee 1.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BTN1VM1
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment RMB 5000
Minimum Subsequent Investment -
Use of Income Distributing

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 Jul 21, 2022 AAA
MSCI ESG % Coverage as of Jul 21, 2022 97.91
MSCI ESG Quality Score (0-10) as of Jul 21, 2022 9.06
MSCI ESG Quality Score - Peer Percentile as of Jul 21, 2022 64.24
Fund Lipper Global Classification as of Jul 21, 2022 Equity Global Income
Funds in Peer Group as of Jul 21, 2022 495
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jul 21, 2022 151.17
MSCI Weighted Average Carbon Intensity % Coverage as of Jul 21, 2022 93.25
All data is from MSCI ESG Fund Ratings as of Jul 21, 2022, based on holdings as of Feb 28, 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 Jul 29, 2022 0.00%
MSCI - UN Global Compact Violators as of Jul 29, 2022 0.63%
MSCI - Nuclear Weapons as of Jul 29, 2022 0.00%
MSCI - Thermal Coal as of Jul 29, 2022 0.02%
MSCI - Civilian Firearms as of Jul 29, 2022 0.00%
MSCI - Oil Sands as of Jul 29, 2022 0.00%
MSCI - Tobacco as of Jul 29, 2022 4.56%

Business Involvement Coverage as of Jul 29, 2022 99.83%
Percentage of Fund not covered as of Jul 29, 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 0.75% and for Oil Sands 0.45%.

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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jul 29, 2022
Name Weight (%)
MICROSOFT CORPORATION 4.22
ALPHABET INC 3.71
JOHNSON & JOHNSON 2.59
NESTLE SA 2.53
AMAZON.COM INC 2.47
Name Weight (%)
APPLE INC 2.45
HOME DEPOT INC 2.14
MERCK & CO INC 1.79
AGILENT TECHNOLOGIES INC 1.66
PHILIP MORRIS INTERNATIONAL INC 1.55
Holdings subject to change

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A8 Hgd CNH Monthly 85.09 -0.72 -0.84 102.06 80.63 - LU1149717743 - -
E2 EUR Accumulating 14.84 -0.18 -1.20 15.29 13.51 - LU1276852156 - -
Class E5 Hedged EUR Quarterly 7.70 -0.06 -0.77 9.45 7.22 - LU0278719413 - -
A8 Hgd CAD Monthly 7.93 -0.06 -0.75 9.56 7.51 - LU1116320497 - -
A5 USD Quarterly 4.90 -0.04 -0.81 5.91 4.58 - LU0265550946 - -
I5 USD Quarterly 10.17 -0.08 -0.78 12.13 9.49 - LU1379101360 - -
D4G USD Annual 9.65 -0.08 -0.82 10.49 9.01 - LU2448342563 - -
A2 USD Accumulating 16.80 -0.14 -0.83 19.06 15.70 - LU0265550359 - -
A2 Hgd EUR Accumulating 9.90 -0.08 -0.80 11.39 9.28 - LU0278718100 - -
E2 Hgd EUR Accumulating 9.17 -0.07 -0.76 10.58 8.60 - LU0278719173 - -
C5 USD Quarterly 4.90 -0.03 -0.61 5.90 4.58 - LU0265551753 - -
D2 USD Accumulating 18.77 -0.15 -0.79 21.18 17.52 - LU0368268602 - -
A4G Hgd CHF Annual 9.52 -0.07 -0.73 10.48 8.93 - LU2448342480 - -
C2 USD Accumulating 13.78 -0.12 -0.86 15.76 12.90 - LU0265551670 - -
D5 USD Quarterly 5.41 -0.04 -0.73 6.47 5.05 - LU0265552215 - -
A8 Hgd AUD Monthly 7.88 -0.06 -0.76 9.54 7.46 - LU1116320141 - -
A8 Hgd NZD Monthly 7.95 -0.06 -0.75 9.60 7.52 - LU1116319648 - -
A2 Hgd SGD Accumulating 13.45 -0.11 -0.81 15.32 12.58 - LU0326426086 - -
I4G USD - 9.67 -0.07 -0.72 10.49 9.02 - LU2448342217 - -
X2 USD - 13.18 -0.11 -0.83 14.80 12.29 - LU0265554344 - -
Class SR6 USD - 9.61 -0.08 -0.83 10.11 9.09 - LU2471418397 - -
Class SR2 USD - 9.79 -0.08 -0.81 10.11 9.14 - LU2471418041 - -
D6 USD - 10.35 -0.09 -0.86 10.44 9.78 - LU2490080954 - -
D2 Hgd EUR Accumulating 10.80 -0.09 -0.83 12.36 10.11 - LU0827880930 - -
A6 USD Monthly 8.25 -0.06 -0.72 9.89 7.80 - LU1116320737 - -
A6 Hgd GBP Monthly 7.48 -0.06 -0.80 9.06 7.09 - LU1116319994 - -
A5 Hgd EUR Quarterly 3.39 -0.02 -0.59 4.16 3.17 - LU0278719090 - -
A6 Hgd HKD Monthly 79.22 -0.65 -0.81 95.56 75.04 - LU1116320901 - -
D4G Hgd CHF Annual 9.55 -0.07 -0.73 10.48 8.95 - LU2448342647 - -
I3 USD Monthly 9.98 -0.08 -0.80 11.88 9.43 - LU1630945258 - -
I2 EUR - 15.62 -0.19 -1.20 15.93 14.18 - LU1791805960 - -
A4G USD Annual 9.62 -0.08 -0.82 10.48 8.99 - LU2448342308 - -

Listings

Portfolio Managers

Portfolio Managers

Robert Fisher
Robert Fisher
Andrew Huzzey
Andrew Huzzey

Literature

Literature