Equity

BGF European Equity Income 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

Record Date Ex-Date Payable Date
View full table
  From
31.Mar.2016
To
31.Mar.2017
From
31.Mar.2017
To
31.Mar.2018
From
31.Mar.2018
To
31.Mar.2019
From
31.Mar.2019
To
31.Mar.2020
From
31.Mar.2020
To
31.Mar.2021
Total Return (%)

as of 31-Mar-2021

- - - -9.71 32.63
  1y 3y 5y 10y Incept.
32.63 - - - 9.45
  YTD 1m 3m 1y 3y 5y 10y Incept.
4.98 5.28 4.98 32.63 - - - 19.88
  2016 2017 2018 2019 2020
Total Return (%) - - - - 0.08

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 EUR, hedged Share Class Benchmark performance is displayed in EUR.

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 16-Apr-2021 EUR 1,915.67
12m Trailing Yield as of 31-Mar-2021 2.94
Number of Holdings as of 31-Mar-2021 41
Base Currency Euro
Fund Launch Date 03-Dec-2010
Share Class launch date 27-Mar-2019
Asset Class Equity
Morningstar Category -
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.82%
ISIN LU1960221551
Bloomberg Ticker BGEEAI5
Initial Charge 5.00%
Performance Fee -
SEDOL BHL2TL7
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 25,000.00
Minimum Subsequent Investment EUR 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 07-Apr-2021 AAA
MSCI ESG Quality Score (0-10) as of 07-Apr-2021 8.57
MSCI ESG Quality Score - Peer Percentile as of 07-Apr-2021 94.69
MSCI ESG % Coverage as of 07-Apr-2021 99.86
Fund Lipper Global Classification as of 07-Apr-2021 Equity Europe Income
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Apr-2021 142.83
Funds in Peer Group as of 07-Apr-2021 113
All data is from MSCI ESG Fund Ratings as of 07-Apr-2021, based on holdings as of 31-Oct-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 31-Mar-2021 0.00%
MSCI - UN Global Compact Violators as of 31-Mar-2021 0.00%
MSCI - Nuclear Weapons as of 31-Mar-2021 0.00%
MSCI - Thermal Coal as of 31-Mar-2021 0.00%
MSCI - Civilian Firearms as of 31-Mar-2021 0.00%
MSCI - Oil Sands as of 31-Mar-2021 0.00%
MSCI - Tobacco as of 31-Mar-2021 0.00%

Business Involvement Coverage as of 31-Mar-2021 98.83%
Percentage of Fund not covered as of 31-Mar-2021 1.17%
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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and decision phases of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion 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

Portfolio Managers

Portfolio Managers

Andreas Zoellinger
Andreas Zoellinger
Brian Hall
Managing Director

  

Holdings

Holdings

as of 31-Mar-2021
Name Weight (%)
SANOFI SA 4.25
EDP - ENERGIAS DE PORTUGAL SA 4.16
ENEL SPA 4.03
TELE2 AB 4.00
ALLIANZ SE 3.96
Name Weight (%)
ZURICH INSURANCE GROUP AG 3.92
NESTLE SA 3.24
ASML HOLDING NV 3.23
VOLVO AB 3.07
NOVO NORDISK A/S 3.05
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 AI5G EUR Quarterly 11.39 0.08 0.71 11.39 8.78 - LU1960221551 - -
Class D2 EUR None 24.72 0.17 0.69 24.72 18.30 - LU0579997130 - -
Class A8 Hedged CAD Monthly Stable with IRD 9.26 0.07 0.76 9.26 7.26 - LU1220229436 - -
Class D4G EUR Annual 15.00 0.10 0.67 15.00 11.45 - LU0875160912 - -
Class E2 EUR None 21.96 0.15 0.69 21.96 16.46 - LU0628612748 - -
Class A6 Hedged GBP Monthly Stable 14.17 0.10 0.71 14.17 10.91 - LU1051771274 - -
Class A4G EUR Annual 16.01 0.12 0.76 16.01 12.31 - LU0619515397 - -
Class D6 Hedged USD Monthly Stable 10.57 0.08 0.76 10.57 8.05 - LU1200839964 - -
Class A6 Hedged USD Monthly Stable 12.56 0.09 0.72 12.56 9.64 - LU1019632923 - -
Class A5G Hedged USD Quarterly 22.55 0.16 0.71 22.55 17.23 - LU1003076772 - -
Class A6 Hedged SGD Monthly Stable 12.20 0.09 0.74 12.20 9.37 - LU1019634622 - -
Class AI2 EUR - 12.29 0.09 0.74 12.29 9.16 - LU1960221478 - -
Class D2 Hedged USD None 14.14 0.10 0.71 14.14 10.38 - LU1185942585 - -
Class A2 Hedged USD None 15.88 0.12 0.76 15.88 11.74 - LU1153584641 - -
Class A2 USD - 27.63 0.21 0.77 27.63 18.57 - LU2091194634 - -
Class I4G EUR Annual 15.13 0.11 0.73 15.13 11.51 - LU0883524240 - -
Class A2 EUR None 23.06 0.16 0.70 23.06 17.20 - LU0562822386 - -
Class A8 Hedged USD Monthly 10.16 0.07 0.69 10.16 7.84 - LU2114397693 - -
Class E5G EUR Quarterly 14.37 0.10 0.70 14.37 11.12 - LU0579995191 - -
Class A8 Hedged CNH Monthly Stable with IRD 98.72 0.71 0.72 98.72 76.27 - LU1241525267 - -
Class D5G EUR Quarterly 14.84 0.11 0.75 14.84 11.34 - LU0871639463 - -
Class A6 Hedged HKD Monthly Stable 194.61 1.40 0.72 194.61 149.36 - LU1051770623 - -
Class D5G Hedged GBP Quarterly 13.65 0.10 0.74 13.65 10.39 - LU0949170855 - -
Class A5G EUR Quarterly 15.05 0.11 0.74 15.05 11.59 - LU0561744862 - -
Class A8 Hedged AUD Monthly Stable with IRD 11.38 0.08 0.71 11.38 8.87 - LU1019636163 - -
Class A8 Hedged NZD Monthly Stable with IRD 9.22 0.07 0.77 9.22 7.19 - LU1220229196 - -
Class D2 USD None 29.62 0.22 0.75 29.62 19.77 - LU1984140779 - -
Class I2 EUR None 12.80 0.09 0.71 12.80 9.45 - LU1222728690 - -
Class I4G GBP Annual 13.14 0.09 0.69 13.14 10.01 - LU2091194394 - -
Class A6 EUR Monthly Stable 11.16 0.08 0.72 11.16 8.64 - LU1051768569 - -
Class I2 USD - 15.34 0.12 0.79 15.34 10.21 - LU2091194477 - -
Class D4G GBP Annual 13.03 0.09 0.70 13.03 9.96 - LU2091194550 - -

Literature

Literature