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WHO WE ARE

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2019, the firm managed approximately $6.96 trillion in assets on behalf of investors worldwide.

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BGF FinTech Fund

Equity

BGF FinTech Fund

  • NAV as of 06-Dec-2019 GBP 11.08
    52 WK: 7.88 - 11.08
  • 1 Day NAV Change as of 06-Dec-2019 0.08 (0.73%)

Overview

Investment Approach

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 70% of its total assets in the equity securities (e.g. shares) of companies globally whose predominant economic activity comprises the research, development, production and/or distribution of technologies used and applied in financial services. The Fund will focus on companies that generate revenues from the application of technology in the financial services industry sector and/or which aim to compete with traditional methods in the operation and distribution of financial products and services. In normal market conditions the Fund will invest in a portfolio of equity securities of companies with large, medium and small market capitalisation (market capitalisation is the share price of the company multiplied by the number of shares issued) that are involved in activities including the following: payment systems, banking, investments, lending, insurance and software. Although it is likely that most of the Fund’s investments will be in companies located in developed markets globally, the Fund may also invest in emerging markets.

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.

Investments in the technology securities are subject to absence or loss of intellectual property protections, rapid changes in technology, government regulation and competition. 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.

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

  • Returns

  From
30.Sep.2014
To
30.Sep.2015		 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
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 30-Sep-2019

- - - - 2.42
  2014 2015 2016 2017 2018
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment. - - - - -
Annual w/ Sales Charge (%) Max Sales Charge: 5.00 - - - - -

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

Chart

Performance chart data not available for display.
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Share Class and Benchmark performance displayed in GBP. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

Reinvestments

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Size of Fund (Millions) as of 06-Dec-2019 USD 49.36
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 29-Nov-2019 47
Base Currency USD
Fund Launch Date 04-Sep-2018
Share Class launch date 04-Sep-2018
Asset Class Equity
Morningstar Category Other Equity
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 0.99%
ISIN LU1861217914
Bloomberg Ticker BGFHD2G
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BG09451
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100,000.00
Minimum Subsequent Investment GBP 1,000.00
Use of Income Accumulating

Risk Indicator

Risk Indicator

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Typically low rewards Typically high rewards

 

Ratings

Portfolio Managers

Portfolio Managers

Vasco Moreno
Vasco Moreno
Director and portfolio manager

  

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Vasco Moreno, Director and portfolio manager, is a member of the London-based Global Equity team within the Fundamental Active Equity business of BlackRock’s Active Equity Group. The London-based Global Equity team and the Global Opportunities team together form the Global Equity Platform. He is the manager of the BGF World Financials Fund and is responsible for covering the financials sector.

Prior to joining the firm in 2015, Mr. Moreno was a Portfolio Manager at UBS O’Connor managing a financials portfolio. Previous to that, Vasco spent 9 years at Keefe Bruyette & Woods (KBW), which he joined as Head of European Research and Strategy, later promoted to CEO of the London operation. Prior to joining KBW in 2004, he was with Fox-Pitt Kelton as Head of European Banks Research with additional responsibility for European Investment Banking Strategy. The team was Extel ranked in the top 6 consistently during his tenure. Mr Vasco earned a finance degree from NYU Stern School of Business.

Holdings

Holdings

as of 29-Nov-2019
Name Weight (%)
FISERV INC 4.43
FIDELITY NATIONAL INFORMATION SERV 4.08
PAYPAL HOLDINGS INC 3.88
MASTERCARD INC CLASS A 3.27
VISA INC CLASS A 3.16
Name Weight (%)
FINABLR PLC 3.04
GLOBAL PAYMENTS INC 3.01
TD AMERITRADE HOLDING CORP 3.01
CHARLES SCHWAB CORP 2.84
CAPITAL ONE FINANCIAL CORP 2.80
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Nov-2019

% of Market Value

Type Fund
as of 29-Nov-2019

% of Market Value

Type Fund
as of 29-Nov-2019

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class D2 Hedged GBP None 11.08 0.08 0.73 11.08 7.88 - LU1861217914 - -
Class E2 EUR - 13.03 0.14 1.09 13.07 8.89 - LU1917163617 - -
Class I2 Hedged EUR - 12.54 0.09 0.72 12.54 8.96 - LU1917164003 - -
Class D2 USD None 11.41 0.09 0.80 11.41 7.94 - LU1861217161 - -
Class D2 EUR None 10.31 0.11 1.08 10.34 6.95 - LU1917163450 - -
Class I2 USD - 11.44 0.08 0.70 11.44 7.95 - LU1861217245 - -
Class I2 EUR - 10.35 0.12 1.17 10.37 6.96 - LU1917163963 - -
Class E2 Hedged EUR - 10.79 0.08 0.75 10.79 7.82 - LU1861217831 - -
Class AI2 EUR - 11.21 0.13 1.17 11.24 9.67 - LU1960221718 - -
Class D2 Hedged EUR None 10.97 0.08 0.73 10.97 7.86 - LU1861217757 - -
Class A2 Hedged SGD None 11.18 0.09 0.81 11.18 7.89 - LU1861220207 - -
Class A2 Hedged EUR None 10.86 0.07 0.65 10.86 7.84 - LU1861217674 - -
Class A2 SEK None 107.08 0.67 0.63 107.51 71.38 - LU1861218052 - -
Class A2 USD None 11.29 0.08 0.71 11.29 7.92 - LU1861217088 - -

Literature

Literature