Cash

BGF Euro Reserve 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. A Money Market Fund (MMF) is not a guaranteed investment vehicle. An investment in MMFs is different from an investment in deposits; the principal invested in an MMF is capable of fluctuation and the risk of loss of the principal is to be borne by the investor. The MMF does not rely on external support for guaranteeing the liquidity of the MMF or stabilising the NAV per share. Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. Loss of Capital: an automatic share redemption may occur which will reduce the number of shares held by each investor. This share redemption will result in a loss of capital to investors. Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.
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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
30-Jun-2016
To
30-Jun-2017
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
Total Return (%)

as of Jun 30, 2021

- -0.50 -0.41 -0.49 -0.63
Benchmark (%)

as of Jun 30, 2021

- -0.54 -0.56 -0.64 -0.69
  1Y 3Y 5Y 10y Incept.
-0.64 -0.52 -0.49 - -0.48
Benchmark (%)

as of Aug 31, 2021

-0.70 -0.64 -0.60 - -
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-0.44 -0.06 -0.16 -0.64 -1.54 -2.42 - -2.42
Benchmark (%)

as of Aug 31, 2021

-0.47 -0.06 -0.18 -0.70 -1.91 -2.96 - -
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 Sep 24, 2021 EUR 100.275
12m Trailing Yield -
Number of Holdings as of Feb 26, 2021 1
Base Currency Euro
Fund Inception Date Jul 24, 2009
Share Class Inception Date Jul 27, 2016
Asset Class Cash
Morningstar Category EUR Money Market - Short Term
Benchmark Index Euro Short Term Rate (ESTR)
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.08%
ISIN LU1456581872
Bloomberg Ticker BRERX2E
Annual Management Fee 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BD82K53
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Aug 31, 2021 0.02
3y Beta as of Aug 31, 2021 1.526
5y Volatility - Benchmark as of Aug 31, 2021 0.02
5y Beta as of Aug 31, 2021 1.332
1-day Yield as of Sep 24, 2021 -0.01%
WAM as of Sep 23, 2021 38 days
WAL as of Sep 23, 2021 38 days

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 Aug 31, 2021 0.00%
MSCI - UN Global Compact Violators as of Aug 31, 2021 0.00%
MSCI - Nuclear Weapons as of Aug 31, 2021 0.00%
MSCI - Thermal Coal as of Aug 31, 2021 0.00%
MSCI - Civilian Firearms as of Aug 31, 2021 0.00%
MSCI - Oil Sands as of Aug 31, 2021 0.00%
MSCI - Tobacco as of Aug 31, 2021 0.00%

Business Involvement Coverage as of Aug 31, 2021 73.88%
Percentage of Fund not covered as of Aug 31, 2021 26.12%
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 considers ESG information in the research, security selection and portfolio review stages of the investment process. The Fund manager conducts bi-weekly credit meetings, wherein each credit is examined through an internal relative value analysis, which contains qualitative governance considerations combined with environmental, societal and governance metrics derived from third-party data providers. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks.

Ratings

Risk Indicator

Risk Indicator

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3
4
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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

Name Type Weight (%) Shares Market Value ISIN CUSIP Coupon (%) Maturity Location Maturity/Reset
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Aug 31, 2021

% of Market Value

Type Fund Benchmark Net
as of Sep 23, 2021

% of Market Value

Type Fund
as of Sep 23, 2021

% of Market Value

Type Fund
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 NAV As Of 52wk High 52wk Low Bid Price ISIN Offer Price TIS
X2 EUR Accumulating 9.75 0.00 0.00 Sep 24, 2021 9.82 9.75 - LU1456581872 - -
E2 EUR Accumulating 68.11 0.00 0.00 Sep 24, 2021 68.75 68.11 - LU0432366952 - -
C2 EUR Accumulating 68.69 0.00 0.00 Sep 24, 2021 69.16 68.69 - LU0432366366 - -
D2 EUR Accumulating 72.28 0.00 0.00 Sep 24, 2021 72.77 72.28 - LU0432366796 - -
A2 EUR Accumulating 71.79 0.00 0.00 Sep 24, 2021 72.29 71.79 - LU0432365988 - -

Portfolio Managers

Portfolio Managers

Matt Clay
Matt Clay

Literature

Literature