Equity

BGF Asian Growth Leaders 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

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -15,5 20,2 20,0 3,0 -18,9 -1,0
Constraint Benchmark 1 (%) -10,1 20,3 14,7 2,5 -14,4 2,4

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

  1y 3y 5y 10y Incept.
10,19 -4,14 4,24 - 3,38
Constraint Benchmark 1 (%) 14,92 -2,54 4,77 - 4,98
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
13,23 5,88 8,85 13,23 10,19 -11,92 23,07 - 27,42
Constraint Benchmark 1 (%) 13,11 5,60 8,02 13,11 14,92 -7,42 26,24 - 42,56
  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
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30.Jun2024

7,79 29,63 -17,41 -3,22 10,19
Constraint Benchmark 1 (%)

as of 30.Jun2024

3,11 32,26 -14,96 -5,28 14,92

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 EUR, 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 12.Jul2024
USD 507.500.249
Fund Launch Date
31.Oct2012
Fund Base Currency
USD
Constraint Benchmark 1
MSCI AC Asia ex Japan (Net) in EUR Performance Index
Initial Charge
5,00%
ISIN
LU1578216449
Performance Fee
0,00%
Minimum Subsequent Investment
EUR 1.000,00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGLD2RF
Share Class launch date
15.Mar2017
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1,07%
Annual Management Fee
0,75%
Minimum Initial Investment
EUR 100.000,00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Asia ex-Japan Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BYXZ311

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28.Jun2024
49
3y Beta
as of 30.Jun2024
0,907
P/B Ratio
as of 28.Jun2024
3,55
Standard Deviation (3y)
as of 30.Jun2024
14,70%
P/E Ratio
as of 28.Jun2024
23,88

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.Jun2024
A
MSCI ESG Quality Score (0-10)
as of 21.Jun2024
6,12
Fund Lipper Global Classification
as of 21.Jun2024
Equity Asia Pacific ex Japan
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21.Jun2024
329,68
MSCI ESG % Coverage
as of 21.Jun2024
96,22
MSCI ESG Quality Score - Peer Percentile
as of 21.Jun2024
17,56
Funds in Peer Group
as of 21.Jun2024
689
MSCI Weighted Average Carbon Intensity % Coverage
as of 21.Jun2024
93,44
All data is from MSCI ESG Fund Ratings as of 21.Jun2024, based on holdings as of 31.Jan2024. 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 28.Jun2024
0,00%
MSCI - Nuclear Weapons
as of 28.Jun2024
0,00%
MSCI - Civilian Firearms
as of 28.Jun2024
0,00%
MSCI - Tobacco
as of 28.Jun2024
0,00%
MSCI - UN Global Compact Violators
as of 28.Jun2024
1,19%
MSCI - Thermal Coal
as of 28.Jun2024
0,00%
MSCI - Oil Sands
as of 28.Jun2024
0,00%

Business Involvement Coverage
as of 28.Jun2024
98,28%
Percentage of Fund not covered
as of 28.Jun2024
1,73%
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 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 includes ESG considerations in combination with other information in the research phase 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, 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 Labeling

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Asian Growth Leaders Fund, Class D2, as of 31.Jan2021 rated against 798 Asia ex-Japan Equity Funds.

Holdings

Holdings

as of 28.Jun2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9,82
TENCENT HOLDINGS LTD 7,38
BANK CENTRAL ASIA TBK PT 3,90
AIA GROUP LTD 2,76
SK HYNIX INC 2,63
Name Weight (%)
SHENZHOU INTERNATIONAL GROUP HOLDINGS LTD 2,43
MEDIATEK INC 2,39
AXIS BANK LTD 2,37
DELTA ELECTRONICS INC 2,32
NETEASE INC 2,30
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Jun2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun2024

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 EUR 20,65 -0,11 -0,53 12.Jul2024 20,76 17,19 LU1578216449
Class D2 Hedged CHF 12,62 -0,05 -0,39 12.Jul2024 12,67 10,59 LU1279613878
Class S2 Hedged EUR 11,04 -0,04 -0,36 12.Jul2024 11,08 9,11 LU1992155744
Class I5 GBP GBP 11,16 -0,09 -0,80 12.Jul2024 11,33 9,54 LU2054448829
Class A2 Hedged AUD 13,45 -0,06 -0,44 12.Jul2024 13,51 11,16 LU1121335696
Class I2 EUR 15,02 -0,08 -0,53 12.Jul2024 15,10 12,48 LU1791182626
Class S2 Hedged SGD 11,92 -0,06 -0,50 12.Jul2024 11,98 9,85 LU1992158094
Class S2 Hedged GBP 11,75 -0,05 -0,42 12.Jul2024 11,80 9,61 LU1992157955
Class S2 Hedged CHF 10,74 -0,04 -0,37 12.Jul2024 10,78 9,00 LU1992156122
Class X2 USD 25,76 -0,11 -0,43 12.Jul2024 25,87 20,88 LU0842534561
Class A2 USD 20,94 -0,09 -0,43 12.Jul2024 21,03 17,18 LU0821914370
Class D2 USD 22,50 -0,10 -0,44 12.Jul2024 22,60 18,37 LU0859042482
Class S2 USD 12,57 -0,05 -0,40 12.Jul2024 12,62 10,25 LU1992157872
Class I4 USD 10,25 -0,05 -0,49 12.Jul2024 10,30 8,35 LU1800013101
Class A2 Hedged SGD 14,50 -0,06 -0,41 12.Jul2024 14,56 12,05 LU1048596156
Class D3 USD 9,85 -0,05 -0,51 12.Jul2024 9,90 8,09 LU1741217456
Class A2 Hedged EUR 12,35 -0,05 -0,40 12.Jul2024 12,40 10,26 LU1279613951
Class D2 Hedged SGD 10,66 -0,04 -0,37 12.Jul2024 10,70 8,81 LU1862385751
Class D2 GBP 17,33 -0,14 -0,80 12.Jul2024 17,52 14,74 LU1085282496
Class D2 Hedged EUR 13,21 -0,06 -0,45 12.Jul2024 13,27 10,92 LU1279614090
Class A2 Hedged CHF 11,80 -0,05 -0,42 12.Jul2024 11,85 9,95 LU1279613795
Class I2 USD 16,37 -0,07 -0,43 12.Jul2024 16,44 13,33 LU1091682382

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Karthik Sankaran
Karthik Sankaran

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 EUR 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
7.000 EUR
-30,0%
3.840 EUR
-17,4%

Unfavourable

What you might get back after costs
Average return each year
7.000 EUR
-30,0%
8.120 EUR
-4,1%

Moderate

What you might get back after costs
Average return each year
10.030 EUR
0,3%
11.800 EUR
3,4%

Favourable

What you might get back after costs
Average return each year
15.010 EUR
50,1%
19.020 EUR
13,7%

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



Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.