Equity

BGF Future of Transport 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. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Investments in transport securities are subject to environmental concerns, taxes, government regulation, price and supply changes.

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

Performance chart data not available for display.
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Reinvestments

This fund does not have any distributions data as of now.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 19.34 39.29 29.65 -19.62

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

  1Y 3Y 5Y 10y Incept.
-9.12 2.80 - - 9.68
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
0.00 5.53 -8.54 -9.48 -9.12 8.64 - - 58.50
  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
From
30-Sep-2022
To
30-Sep-2023
Total Return (%)

as of Sep 30, 2023

- 18.30 53.85 -13.86 5.55
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 EUR 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

Key Facts

Key Facts

Net Assets of Fund as of Dec 8, 2023 USD 1,548,621,504
Share Class Inception Date Dec 5, 2018
Fund Inception Date Sep 4, 2018
Share Class Currency EUR
Base Currency USD
Asset Class Equity
SFDR Classification Article 9
Initial Charge 3.00%
Ongoing Charge 2.31%
ISIN LU1917164342
Annual Management Fee -
Performance Fee -
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Sector Equity Technology
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFTE2E
SEDOL BGDMJM9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Nov 30, 2023 37
Standard Deviation (3y) as of Nov 30, 2023 21.03%
P/E Ratio as of Nov 30, 2023 15.78
P/B Ratio as of Nov 30, 2023 3.23

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 Oct 25, 2023 AA
MSCI ESG % Coverage as of Oct 25, 2023 96.97
MSCI ESG Quality Score (0-10) as of Oct 25, 2023 7.48
MSCI ESG Quality Score - Peer Percentile as of Jan 6, 2023 87.68
Fund Lipper Global Classification as of Oct 25, 2023 Equity Other
Funds in Peer Group as of Oct 25, 2023 9
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Oct 25, 2023 99.98
MSCI Weighted Average Carbon Intensity % Coverage as of Oct 25, 2023 95.04
All data is from MSCI ESG Fund Ratings as of Oct 25, 2023, based on holdings as of Jun 30, 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 Nov 30, 2023 0.00%
MSCI - UN Global Compact Violators as of Nov 30, 2023 0.00%
MSCI - Nuclear Weapons as of Nov 30, 2023 0.00%
MSCI - Thermal Coal as of Nov 30, 2023 0.00%
MSCI - Civilian Firearms as of Nov 30, 2023 0.00%
MSCI - Oil Sands as of Nov 30, 2023 0.00%
MSCI - Tobacco as of Nov 30, 2023 0.00%

Business Involvement Coverage as of Nov 30, 2023 96.16%
Percentage of Fund not covered as of Nov 30, 2023 3.45%
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 considers ESG criteria in combination with other information during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from third-party vendors, as well as internal engagement commentary and site visits and input from BlackRock Investment Stewardship. 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

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Future of Transport Fund, Class E2, as of Nov 30, 2023 rated against 976 Sector Equity Technology Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Oct 31, 2023
Name Weight (%)
DASSAULT SYSTEMES 3.85
UNION PACIFIC CORPORATION 3.77
VINCI SA 3.76
APTIV PLC 3.75
CADENCE DESIGN SYSTEMS INC 3.72
Name Weight (%)
ANSYS INC 3.71
ANALOG DEVICES INC 3.69
BYD CO LTD 3.64
TE CONNECTIVITY LTD 3.63
SCHNEIDER ELECTRIC SE 3.59
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2023

% of Market Value

Type Fund
as of Oct 31, 2023

% of Market Value

Type Fund
Sorry, countries/regions are not available at this time.
as of Oct 31, 2023

% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
E2 EUR 16.15 0.18 1.13 Dec 8, 2023 18.42 15.02 LU1917164342
Class A10 USD 9.77 0.10 1.03 Dec 8, 2023 11.99 9.00 LU2533727025
D2 EUR 13.15 0.15 1.15 Dec 8, 2023 14.92 12.21 LU1917164268
I2 JPY 2,063.00 14.00 0.68 Dec 8, 2023 2,371.00 1,805.00 LU2263536158
A2 EUR 12.58 0.14 1.13 Dec 8, 2023 14.32 11.69 LU2400292194
E2 Hgd EUR 11.40 0.11 0.97 Dec 8, 2023 13.64 10.48 LU1861215546
A2 USD 13.53 0.13 0.97 Dec 8, 2023 16.00 12.40 LU1861214812
A4 USD 8.12 0.08 1.00 Dec 8, 2023 9.60 7.44 LU2360107325
X2 USD 14.86 0.15 1.02 Dec 8, 2023 17.44 13.59 LU1861215116
A2 Hgd EUR 11.70 0.12 1.04 Dec 8, 2023 13.97 10.75 LU1861215389
D2 Hgd GBP 12.66 0.13 1.04 Dec 8, 2023 15.00 11.60 LU1861215629
D2 USD 14.14 0.14 1.00 Dec 8, 2023 16.66 12.94 LU1861214903
A2 SEK 141.72 1.51 1.08 Dec 8, 2023 168.19 136.54 LU1861215892
I2 EUR 13.31 0.16 1.22 Dec 8, 2023 15.09 12.35 LU1917164698
Class Z2 USD 14.37 0.14 0.98 Dec 8, 2023 16.92 13.15 LU1861215207
D2 Hgd EUR 12.22 0.13 1.08 Dec 8, 2023 14.54 11.21 LU1861215462
Class AI2 EUR 15.45 0.18 1.18 Dec 8, 2023 17.59 14.36 LU1960222013
Class I4 USD 8.26 0.08 0.98 Dec 8, 2023 9.79 7.56 LU2360107242
A2 Hgd SGD 12.61 0.12 0.96 Dec 8, 2023 15.04 11.58 LU1861219969
I2 USD 14.31 0.14 0.99 Dec 8, 2023 16.85 13.10 LU1861215033
I2 Hgd EUR 14.46 0.14 0.98 Dec 8, 2023 17.19 13.27 LU1917164771
C2 EUR 8.83 0.11 1.26 Dec 8, 2023 10.09 8.21 LU2641782748
A2 Hgd CNH 76.35 0.72 0.95 Dec 8, 2023 91.24 70.20 LU2360108562
A4 EUR 7.55 0.08 1.07 Dec 8, 2023 8.60 7.02 LU2398792098

Portfolio Managers

Portfolio Managers

Alastair Bishop
Alastair Bishop
Hannah Johnson
Hannah Johnson
Charles Lilford
Charles Lilford

Literature

Literature