Equity

BGF US Basic Value 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

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Reinvestments

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

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 39.0 10.4 -7.5 17.6 8.3 -9.4 23.1 2.1 20.9 -4.7
Target Benchmark 1 (%) 32.5 13.5 -3.8 17.3 13.7 -8.3 26.5 2.8 25.2 -7.5

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

  1y 3y 5y 10y Incept.
7.59 12.03 5.63 7.39 7.94
Target Benchmark 1 (%) 8.59 11.59 7.11 9.15 9.67
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.96 -3.04 6.02 2.85 7.59 40.60 31.49 104.04 160.37
Target Benchmark 1 (%) 5.88 -2.70 7.41 4.34 8.59 38.95 40.98 139.93 217.73
  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
From
30.Jun.2022
To
30.Jun.2023
Total Return (%)

as of 30-Jun-2023

3.41 -10.91 44.80 -6.58 11.74
Target Benchmark 1 (%)

as of 30-Jun-2023

8.46 -8.84 43.68 -6.82 11.54

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

Key Facts

Key Facts

Net Assets of Fund as of 28-Sep-2023 USD 854,860,611.37
Share Class launch date 22-Feb-2011
Fund Launch Date 08-Jan-1997
Share Class Currency USD
Base Currency USD
Asset Class Equity
Target Benchmark 1 Russell 1000 Value Index
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.80%
ISIN LU0368249990
Annual Management Fee 0.75%
Performance Fee 0.00%
Minimum Initial Investment USD 10,000,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category US Large-Cap Value Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGUBUI2
SEDOL B39TZY7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-2023 85
Standard Deviation (3y) as of 31-Aug-2023 18.26%
3y Beta as of 31-Aug-2023 0.97
P/E Ratio as of 31-Aug-2023 14.22
P/B Ratio as of 31-Aug-2023 1.70

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 21-Sep-2023 A
MSCI ESG % Coverage as of 21-Sep-2023 99.47
MSCI ESG Quality Score (0-10) as of 21-Sep-2023 6.57
MSCI ESG Quality Score - Peer Percentile as of 21-Sep-2023 38.11
Fund Lipper Global Classification as of 21-Sep-2023 Equity US
Funds in Peer Group as of 21-Sep-2023 3,592
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Sep-2023 98.56
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Sep-2023 97.52
All data is from MSCI ESG Fund Ratings as of 21-Sep-2023, based on holdings as of 30-Apr-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 31-Aug-2023 0.00%
MSCI - UN Global Compact Violators as of 31-Aug-2023 0.00%
MSCI - Nuclear Weapons as of 31-Aug-2023 0.79%
MSCI - Thermal Coal as of 31-Aug-2023 0.00%
MSCI - Civilian Firearms as of 31-Aug-2023 0.00%
MSCI - Oil Sands as of 31-Aug-2023 0.53%
MSCI - Tobacco as of 31-Aug-2023 1.51%

Business Involvement Coverage as of 31-Aug-2023 99.09%
Percentage of Fund not covered as of 31-Aug-2023 0.94%
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 6.30%.

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 integrates ESG criteria into screening, company research and portfolio construction tools. The criteria may include data from multiple third-party ESG vendors, BlackRock internal scoring, internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. ESG criteria are considered in combination with other information. 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.

 

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF US Basic Value Fund, Class I2, as of 31-Aug-2023 rated against 383 US Large-Cap Value Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31-Aug-2023)

Portfolio Managers

Portfolio Managers

Tony DeSpirito
Tony DeSpirito
Joseph Wolfe
Joseph Wolfe
David Zhao
David Zhao

Holdings

Holdings

as of 31-Aug-2023
Name Weight (%)
COGNIZANT TECHNOLOGY SOLUTIONS COR 2.93
WELLS FARGO 2.79
SHELL PLC 2.70
CITIGROUP INC 2.50
LABORATORY CORPORATION OF AMERICA 2.48
Name Weight (%)
CISCO SYSTEMS INC 2.46
KRAFT HEINZ 2.38
BP ADR EACH REPRESENTING SIX PLC 2.35
BAXTER INTERNATIONAL INC 2.29
UNILEVER ADR REPTG PLC 2.09
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2023

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-2023

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class I2 USD None 124.44 0.20 0.16 28-Sep-2023 133.44 108.90 LU0368249990
Class D2 Hedged EUR None 70.23 0.10 0.14 28-Sep-2023 75.62 63.42 LU0329591993
Class A2 EUR None 104.13 -0.13 -0.12 28-Sep-2023 107.89 95.52 LU0171293920
Class A2 Hedged CNH None 176.95 0.26 0.15 28-Sep-2023 190.96 160.79 LU1333800354
Class D4 GBP Annual 89.29 -0.21 -0.23 28-Sep-2023 94.48 83.81 LU0827886549
Class D2 USD None 125.02 0.19 0.15 28-Sep-2023 134.12 109.69 LU0275209954
Class A2 GBP None 90.13 -0.22 -0.24 28-Sep-2023 94.76 84.00 LU0171296279
Class A2 Hedged EUR None 64.72 0.09 0.14 28-Sep-2023 69.79 58.85 LU0200685153
Class A4 EUR Annual 102.38 -0.13 -0.13 28-Sep-2023 106.48 94.27 LU0213336463
Class D4 USD Annual 109.05 0.17 0.16 28-Sep-2023 118.30 96.74 LU0827886465
Class E2 EUR None 93.48 -0.12 -0.13 28-Sep-2023 97.29 85.97 LU0171295891
Class A2 Hedged SGD None 20.20 0.03 0.15 28-Sep-2023 21.77 18.13 LU0602533316
Class D2 GBP None 102.57 -0.24 -0.23 28-Sep-2023 107.34 95.22 LU0827886200
Class E2 Hedged EUR None 54.18 0.08 0.15 28-Sep-2023 58.47 49.52 LU0200685666
Class A10 USD Monthly 9.97 0.02 0.20 28-Sep-2023 10.83 9.64 LU2533723545
Class D2 EUR None 118.50 -0.14 -0.12 28-Sep-2023 121.95 108.28 LU0827886119
Class E2 USD None 98.63 0.15 0.15 28-Sep-2023 106.03 87.57 LU0147417710
Class A2 USD None 109.86 0.17 0.15 28-Sep-2023 118.01 97.08 LU0072461881
Class X2 USD None 147.71 0.23 0.16 28-Sep-2023 158.19 128.35 LU0147417983
Class A4 GBP Annual 88.49 -0.21 -0.24 28-Sep-2023 93.39 82.78 LU0204064967
Class C2 Hedged EUR None 53.85 0.07 0.13 28-Sep-2023 58.19 49.57 LU0200685583
Class C2 USD None 76.84 0.12 0.16 28-Sep-2023 82.72 68.72 LU0147417470
Class A4 USD Annual 108.02 0.17 0.16 28-Sep-2023 116.47 95.82 LU0162691827

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment USD 10,000
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
6,250 USD
-37.5%
2,400 USD
-24.9%

Unfavourable

What you might get back after costs
Average return each year
8,020 USD
-19.8%
9,370 USD
-1.3%

Moderate

What you might get back after costs
Average return each year
10,590 USD
5.9%
13,590 USD
6.3%

Favourable

What you might get back after costs
Average return each year
15,990 USD
59.9%
16,670 USD
10.8%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature