Equity

BGF Asian Growth Leaders 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.

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 (%) -19.58 17.92 31.40 -4.85 -23.53 2.52
Constraint Benchmark 1 (%) -14.37 18.17 25.02 -4.72 -19.67 5.98

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

  1Y 3Y 5Y 10y Incept.
7.74 -9.09 3.31 - -0.38
Constraint Benchmark 1 (%) 11.23 -7.11 3.96 - 1.27
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
4.97 1.33 6.29 8.09 7.74 -24.86 17.66 - -2.42
Constraint Benchmark 1 (%) 5.27 1.56 5.43 8.97 11.23 -19.85 21.46 - 8.44
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of Mar 31, 2024

-14.49 69.47 -17.48 -10.81 -1.01
Constraint Benchmark 1 (%)

as of Mar 31, 2024

-13.44 57.31 -14.64 -8.90 3.99
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 USD, 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

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Key Facts

Key Facts

Net Assets of Fund
as of Jun 18, 2024
USD 500,716,072
Fund Inception Date
Oct 31, 2012
Base Currency
USD
Constraint Benchmark 1
MSCI All Country Asia ex Japan in USD - NET
Initial Charge
5.00%
ISIN
LU1741217456
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGAGLD3
Share Class Inception Date
Dec 28, 2017
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charge
1.06%
Annual Management Fee
0.75%
Minimum Initial Investment
USD 100000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFN4QN8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of May 31, 2024
49
Standard Deviation (3y)
as of May 31, 2024
18.58%
P/E Ratio
as of May 31, 2024
21.00
12m Trailing Yield
as of May 31, 2024
0.84%
3y Beta
as of May 31, 2024
0.940
P/B Ratio
as of May 31, 2024
2.90

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 May 19, 2024
A
MSCI ESG Quality Score (0-10)
as of May 19, 2024
6.05
Fund Lipper Global Classification
as of May 19, 2024
Equity Asia Pacific ex Japan
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of May 19, 2024
153.04
MSCI ESG % Coverage
as of May 19, 2024
97.23
MSCI ESG Quality Score - Peer Percentile
as of May 19, 2024
16.28
Funds in Peer Group
as of May 19, 2024
682
MSCI Weighted Average Carbon Intensity % Coverage
as of May 19, 2024
96.85
All data is from MSCI ESG Fund Ratings as of May 19, 2024, based on holdings as of Dec 31, 2023. 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 May 31, 2024
0.00%
MSCI - Nuclear Weapons
as of May 31, 2024
0.00%
MSCI - Civilian Firearms
as of May 31, 2024
0.00%
MSCI - Tobacco
as of May 31, 2024
0.00%
MSCI - UN Global Compact Violators
as of May 31, 2024
1.61%
MSCI - Thermal Coal
as of May 31, 2024
0.00%
MSCI - Oil Sands
as of May 31, 2024
0.00%

Business Involvement Coverage
as of May 31, 2024
98.05%
Percentage of Fund not covered
as of May 31, 2024
1.89%
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 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 includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. 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-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 May 31, 2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9.76
TENCENT HOLDINGS LTD 7.35
AIA GROUP LTD 4.62
BANK CENTRAL ASIA TBK PT 3.78
SAMSUNG ELECTRONICS CO LTD 3.46
Name Weight (%)
DELTA ELECTRONICS INC 2.36
CHINA PETROLEUM & CHEMICAL CORP 2.26
AXIS BANK LTD 2.24
NETEASE INC 2.19
HANSOL CHEMICAL CO LTD 2.04
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
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
D3 USD 9.66 0.04 0.42 Jun 18, 2024 9.66 8.09 LU1741217456
A5 GBP - - - - - - LU2036655632
D2 USD 22.03 0.09 0.41 Jun 18, 2024 22.03 18.37 LU0859042482
A2 Hgd AUD 13.19 0.05 0.38 Jun 18, 2024 13.19 11.16 LU1121335696
A2 Hgd SGD 14.22 0.06 0.42 Jun 18, 2024 14.22 12.05 LU1048596156
Class S2 Hedged EUR 10.82 0.05 0.46 Jun 18, 2024 10.82 9.11 LU1992155744
E2 EUR 22.90 0.03 0.13 Jun 18, 2024 22.97 19.30 LU0859044934
Class S2 Hedged GBP 11.51 0.05 0.44 Jun 18, 2024 11.51 9.61 LU1992157955
I2 EUR 14.91 0.02 0.13 Jun 18, 2024 14.95 12.48 LU1791182626
D2 Hgd SGD 10.45 0.05 0.48 Jun 18, 2024 10.45 8.81 LU1862385751
X2 USD 25.21 0.11 0.44 Jun 18, 2024 25.21 20.88 LU0842534561
D2 Hgd CHF 12.39 0.05 0.41 Jun 18, 2024 12.39 10.59 LU1279613878
D2 Hgd EUR 12.95 0.05 0.39 Jun 18, 2024 12.95 10.92 LU1279614090
A2 Hgd EUR 12.12 0.05 0.41 Jun 18, 2024 12.12 10.26 LU1279613951
Class S2 Hedged CHF 10.55 0.05 0.48 Jun 18, 2024 10.55 9.00 LU1992156122
A2 USD 20.51 0.08 0.39 Jun 18, 2024 20.51 17.18 LU0821914370
D2 GBP 17.32 0.02 0.12 Jun 18, 2024 17.32 14.74 LU1085282496
A2 Hgd CHF 11.60 0.05 0.43 Jun 18, 2024 11.64 9.95 LU1279613795
Class I5 GBP GBP 11.21 0.01 0.09 Jun 18, 2024 11.21 9.54 LU2054448829
Class S2 Hedged SGD 11.69 0.05 0.43 Jun 18, 2024 11.69 9.85 LU1992158094
D2 EUR 20.50 0.03 0.15 Jun 18, 2024 20.56 17.19 LU1578216449
Class S2 USD 12.30 0.05 0.41 Jun 18, 2024 12.30 10.25 LU1992157872
I2 USD 16.02 0.07 0.44 Jun 18, 2024 16.02 13.33 LU1091682382
Class I4 USD 10.04 0.05 0.50 Jun 18, 2024 10.04 8.35 LU1800013101

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Karthik Sankaran
Karthik Sankaran

Literature

Literature