Equity

BGF US Flexible Equity 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.

Please note the Fund-specific risks under the relevant section in Disclaimer.

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

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Performance

Performance

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Distributions

This product does not have any distributions data as of now.
  From
30.Sep.2015
To
30.Sep.2016
From
30.Sep.2016
To
30.Sep.2017
From
30.Sep.2017
To
30.Sep.2018
From
30.Sep.2018
To
30.Sep.2019
From
30.Sep.2019
To
30.Sep.2020
Total Return (%)

as of 30-Sep-2020

26.57 20.59 19.97 3.36 7.66
Benchmark (%)

as of 30-Sep-2020

34.02 14.77 21.16 9.92 10.58
  1y 3y 5y 10y Incept.
13.82 10.84 14.70 13.50 9.86
Benchmark (%)

as of 30-Nov-2020

15.69 14.19 17.00 16.05 12.21
  YTD 1m 3m 1y 3y 5y 10y Incept.
13.51 10.35 6.81 13.82 36.19 98.48 254.74 344.32
Benchmark (%)

as of 30-Nov-2020

15.16 8.26 5.40 15.69 48.90 119.27 342.96 521.49
  2015 2016 2017 2018 2019
Total Return (%) 3.74 29.55 14.10 -3.82 22.63
Annual w/ Sales Charge (%) -1.45 23.07 8.39 -8.63 16.50
Benchmark (%) 6.76 33.66 11.15 1.13 26.35

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in GBP, 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

Size of Fund (Millions) as of 03-Dec-2020 USD 1,236.27
12m Trailing Yield -
Number of Holdings as of 30-Oct-2020 60
Base Currency USD
Fund Launch Date 31-Oct-2002
Share Class launch date 19-Jan-2005
Asset Class Equity
Morningstar Category US Large-Cap Blend Equity
Benchmark Index Russell 1000 Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.81%
ISIN LU0204065857
Bloomberg Ticker MUFEADS
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B05M2S2
Bloomberg Benchmark Ticker RUSEL1KGBP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 5,000.00
Minimum Subsequent Investment GBP 1,000.00
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 01-Nov-2020 A
MSCI ESG Quality Score (0-10) as of 01-Nov-2020 6.58
MSCI ESG Quality Score - Peer Percentile as of 01-Nov-2020 55.93
MSCI ESG % Coverage as of 01-Nov-2020 98.85
Fund Lipper Global Classification as of 01-Nov-2020 Equity US
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 01-Nov-2020 104.50
Funds in Peer Group as of 01-Nov-2020 3
All data is from MSCI ESG Fund Ratings as of 01-Nov-2020, based on holdings as of 30-Apr-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 30-Oct-2020 0.00%
MSCI - UN Global Compact Violators as of 30-Oct-2020 1.44%
MSCI - Nuclear Weapons as of 30-Oct-2020 0.00%
MSCI - Thermal Coal as of 30-Oct-2020 0.00%
MSCI - Civilian Firearms as of 30-Oct-2020 0.00%
MSCI - Oil Sands as of 30-Oct-2020 0.00%
MSCI - Tobacco as of 30-Oct-2020 0.85%

Business Involvement Coverage as of 30-Oct-2020 99.48%
Percentage of Fund not covered as of 30-Oct-2020 0.52%
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 1.61%.

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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF US Flexible Equity Fund, Class A4, as of 30-Nov-2020 rated against 1389 US Large-Cap Blend Equity Funds.

Portfolio Managers

Portfolio Managers

Todd Burnside
Todd Burnside
Joseph Wolfe
Joseph Wolfe

Holdings

Holdings

as of 30-Oct-2020
Name Weight (%)
APPLE INC 6.61
MICROSOFT CORPORATION 6.06
ALPHABET INC 5.23
AMAZON.COM INC 4.26
FACEBOOK INC 3.26
Name Weight (%)
VISA INC 2.64
UNITEDHEALTH GROUP INC 2.62
BERKSHIRE HATHAWAY INC 2.50
COMCAST CORPORATION 2.33
CORTEVA INC 2.27
Holdings 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
Class A4 GBP Annual 34.20 -0.22 -0.64 34.42 23.55 - LU0204065857 - -
Class A2 Hedged EUR None 28.85 0.13 0.45 28.85 17.36 - LU0200684693 - -
Class AI2 EUR - 11.83 -0.10 -0.84 11.97 7.90 - LU1960224498 - -
Class D2 USD None 51.49 0.25 0.49 51.49 30.43 - LU0252969232 - -
Class E2 USD None 42.23 0.20 0.48 42.23 25.18 - LU0154236920 - -
Class A2 Hedged CNH None 202.70 1.02 0.51 202.70 118.89 - LU1333800271 - -
Class A4 Hedged EUR Annual 28.94 0.13 0.45 28.94 17.42 - LU0408222163 - -
Class A4 EUR Annual 37.90 -0.05 -0.13 38.40 25.35 - LU0408221942 - -
Class D2 Hedged EUR None 32.22 0.15 0.47 32.22 19.29 - LU0252964357 - -
Class A2 USD None 46.07 0.22 0.48 46.07 27.37 - LU0154236417 - -
Class D4 EUR Annual 39.50 -0.06 -0.15 40.02 26.36 - LU0827887513 - -
Class E2 Hedged EUR None 25.51 0.12 0.47 25.51 15.41 - LU0200685070 - -
Class D4 GBP Annual 35.65 -0.23 -0.64 35.88 24.48 - LU0827887430 - -
Class A2 Hedged JPY None 1,288.00 6.00 0.47 1,288.00 769.00 - LU1948809287 - -
Class I2 USD None 30.75 0.15 0.49 30.75 18.14 - LU0368250220 - -
Class E2 EUR None 34.73 -0.05 -0.14 35.19 23.31 - LU0171296949 - -
Class I2 Hedged EUR None 12.78 0.06 0.47 12.78 7.64 - LU0368235262 - -
Class A2 EUR None 37.89 -0.05 -0.13 38.38 25.34 - LU0171296865 - -
Class D2 EUR None 42.34 -0.06 -0.14 42.89 28.17 - LU0252963979 - -

Literature

Literature