Equity

BGF World Gold 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

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 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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Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 11-Aug-2020 USD 6,740.75
Base Currency USD
Fund Launch Date 30-Dec-1994
Share Class launch date 30-Dec-1994
Asset Class Equity
Morningstar Category Sector Equity Precious Metals
Benchmark Index FTSE Gold Mines Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0055631609
Bloomberg Ticker MIGGMFI
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 4940016
Bloomberg Benchmark Ticker FTGOLDINX
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material 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 Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 09-Jul-2020 85.11
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 09-Jul-2020 Equity Sector Gold&Prec Metals
All data is from MSCI ESG Fund Ratings as of 09-Jul-2020, based on holdings as of 31-Jan-2020. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.

 

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF World Gold Fund, Class A2, as of 31-Jul-2020 rated against 229 Sector Equity Precious Metals Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 04-Jun-2020)

Portfolio Managers

Portfolio Managers

Evy Hambro
Evy Hambro
Tom Holl
Tom Holl

Holdings

Holdings

as of 31-Jul-2020
Name Weight (%)
NEWMONT CORPORATION 9.23
BARRICK GOLD CORP 8.76
KIRKLAND LAKE GOLD LTD 5.10
KINROSS GOLD CORP 4.91
GOLD FIELDS LTD 4.53
Name Weight (%)
NEWCREST MINING LTD 4.36
WHEATON PRECIOUS METALS CORP 3.95
ALAMOS GOLD INC 3.95
B2GOLD CORP 3.50
ANGLOGOLD ASHANTI LTD 3.50
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 A2 USD None 47.48 -3.93 -7.64 53.37 23.54 - LU0055631609 - -
Class E2 Hedged EUR None 6.57 -0.55 -7.72 7.40 3.29 - LU0326423224 - -
Class D2 Hedged EUR None 7.72 -0.64 -7.66 8.68 3.84 - LU0326423067 - -
Class I2 USD None 52.82 -4.38 -7.66 59.37 26.09 - LU0368252358 - -
Class I2 EUR None 44.83 -3.70 -7.62 49.93 23.53 - LU0368236070 - -
Class A2 Hedged PLN None 135.49 -11.19 -7.63 152.25 67.11 - LU1499592118 - -
Class D2 USD None 52.93 -4.38 -7.64 59.49 26.17 - LU0252968424 - -
Class D4 EUR Annual 42.52 -3.52 -7.65 47.37 22.35 - LU0827889139 - -
Class A4 EUR Annual 40.28 -3.33 -7.64 44.88 21.23 - LU0408222320 - -
Class A2 Hedged HKD None 9.19 -0.77 -7.73 10.34 4.55 - LU0788108826 - -
Class D2 Hedged GBP None 28.64 -2.28 -7.37 32.06 14.21 - LU0827889212 - -
Class A2 EUR None 40.29 -3.33 -7.63 44.89 21.23 - LU0171305526 - -
Class D2 Hedged CHF None 7.75 -0.63 -7.52 8.69 3.86 - LU0669555244 - -
Class D2 EUR None 44.92 -3.71 -7.63 50.03 23.60 - LU0252963623 - -
Class AI2 EUR - 17.96 0.16 0.90 18.48 8.74 - LU1960224068 - -
Class I2 Hedged EUR None 7.84 -0.65 -7.66 8.82 3.90 - LU0368236153 - -
Class D2 Hedged SGD None 8.59 -0.70 -7.53 9.64 4.25 - LU0827889303 - -
Class A4 USD Annual 47.47 -3.94 -7.66 53.37 23.54 - LU0724618789 - -
Class AI2 Hedged EUR - 19.89 0.21 1.07 20.65 9.16 - LU1960220744 - -
Class E2 EUR None 36.22 -2.99 -7.63 40.35 19.13 - LU0171306680 - -
Class A2 Hedged AUD None 14.23 -1.14 -7.42 15.93 7.10 - LU1023058768 - -
Class A2 Hedged SGD None 8.10 -0.67 -7.64 9.10 4.02 - LU0368265764 - -
Class E2 USD None 42.68 -3.54 -7.66 47.98 21.21 - LU0090841262 - -
Class A2 Hedged CHF None 7.25 -0.59 -7.53 8.13 3.62 - LU0521028471 - -
Class A2 Hedged EUR None 7.01 -0.58 -7.64 7.88 3.50 - LU0326422689 - -

Literature

Literature