Real Estate

BGF World Real Estate Securities Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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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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  From
31-Mar-2016
To
31-Mar-2017
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
Total Return (%)

as of Mar 31, 2021

- 7.31 13.27 -19.88 40.63
  1Y 3Y 5Y 10y Incept.
40.63 8.47 - - 7.79
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
7.85 2.32 7.85 40.63 27.63 - - 39.57
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 Class (Millions) as of Apr 19, 2021 RMB 3.15
Size of Fund (Millions) as of Apr 19, 2021 USD 158.610
Asset Class Alternative
Lipper Classification -
12m Trailing Yield as of Mar 31, 2021 3.80
Number of Holdings 74
CUSIP BRT5BD3Q7
Fund Inception Date Feb 25, 2013
Share Class Inception Date Oct 19, 2016
Morningstar Category Property - Indirect Other
Regulatory Structure UCITS
Net, Including Investment Related Expenses -
Net, Excluding Investment Related Expenses -
Management Company BlackRock (Luxembourg) S.A.
Gross Expense Ratio -
Ongoing Charge 1.89%
Distribution Frequency Monthly
ISIN LU1499592621
Bloomberg Ticker BGREA8C
Annual Management Fee 1.50%
Max Offer Price -
Initial Charge 5.00%
Open to New Investors -
Performance Fee 0.00%
Turnover Percent -
SEDOL BD60FD2
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 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 Apr 7, 2021 BB
MSCI ESG Quality Score (0-10) as of Apr 7, 2021 3.91
MSCI ESG Quality Score - Peer Percentile as of Apr 7, 2021 38.74
MSCI ESG % Coverage as of Apr 7, 2021 97.32
Fund Lipper Global Classification as of Apr 7, 2021 Equity Sector Real Est Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Apr 7, 2021 102.52
Funds in Peer Group as of Apr 7, 2021 333
All data is from MSCI ESG Fund Ratings as of Apr 7, 2021, based on holdings as of Oct 31, 2020. 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 Mar 31, 2021 0.00%
MSCI - UN Global Compact Violators as of Mar 31, 2021 0.00%
MSCI - Nuclear Weapons as of Mar 31, 2021 0.00%
MSCI - Thermal Coal as of Mar 31, 2021 0.00%
MSCI - Civilian Firearms as of Mar 31, 2021 0.00%
MSCI - Oil Sands as of Mar 31, 2021 0.00%
MSCI - Tobacco as of Mar 31, 2021 0.00%

Business Involvement Coverage as of Mar 31, 2021 99.22%
Percentage of Fund not covered as of Mar 31, 2021 0.78%
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 the initial screening, sourcing and due diligence phases of the investment process. This may include the use of internal ESG due diligence templates to identify, analyze and document key ESG risks, and the use of thematic environmental, social and governance information sourced from both primary sources and third-party data providers. Identified material ESG risks are included in Investment Committee material and, where appropriate, discussed at relevant Investment Committee meetings. This information broadly informs the investment approach and may be considered in investment decisions or security selection. The Fund manager also considers ESG criteria during post-investment monitoring and conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks.

Ratings

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Mar 31, 2021
Name Weight (%)
PROLOGIS REIT INC 5.67
VONOVIA SE 3.54
DIGITAL REALTY TRUST REIT INC 3.13
MITSUBISHI ESTATE CO LTD 2.73
EXTRA SPACE STORAGE REIT INC 2.49
Name Weight (%)
OUTFRONT MEDIA INC 2.46
ESR CAYMAN LTD 2.45
SUN COMMUNITIES REIT INC 2.32
WELLTOWER INC 2.30
ESSEX PROPERTY TRUST REIT INC 2.30
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 31, 2021

% of Market Value

Type Fund
Allocations subject to change.
as of Mar 31, 2021

% of Market Value

Type Fund
Sorry, maturities are not available at this time.
as of Mar 31, 2021

% of Market Value

Type Fund
Sorry, ratings are not available at this time.
as of Mar 31, 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 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A8 Hgd CNH Monthly 123.21 0.08 0.06 123.21 84.65 - LU1499592621 - -
Class D2 USD USD Accumulating 14.34 0.01 0.07 14.34 9.58 - LU0842063264 - -
X2 USD Accumulating 15.44 0.01 0.06 15.44 10.22 - LU1271663749 - -
E2 EUR Accumulating 11.67 -0.04 -0.34 11.71 8.79 - LU1219733679 - -
A6 USD Monthly 11.98 0.00 0.00 11.98 8.30 - LU1499592464 - -
D2 Hgd CHF Accumulating 12.34 0.00 0.00 12.34 8.34 - LU1791183350 - -
A2 USD Accumulating 17.42 0.01 0.06 17.42 11.72 - LU0842063009 - -
X2 Hgd AUD Accumulating 12.24 0.01 0.08 12.24 8.19 - LU1336573396 - -

Portfolio Managers

Portfolio Managers

Mark Howard-Johnson, CFA
Global Head of Real Estate Securities Management
Alastair Gillespie
Alastair Gillespie
James Wilkinson
James Wilkinson

Literature

Literature