Equity

BGF Global Dynamic Equity Fund

Overview

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.

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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of 30-Jun-2021

20.19 6.00 4.48 6.13 41.00
  1y 3y 5y 10y Incept.
33.91 15.71 13.80 - 12.75
  YTD 1m 3m 1y 3y 5y 10y Incept.
19.20 1.94 5.69 33.91 54.92 90.88 - 192.57

Key Facts

Key Facts

Number of Issuers 321
Size of Fund (Millions) as of 24-Sep-2021 USD 555.11
12m Trailing Yield -
Base Currency U.S. Dollar
Fund Launch Date 28-Feb-2006
Series Currency Euro
Share Class launch date 20-Sep-2012
Asset Class Equity
Morningstar Category Global Large-Cap Blend Equity
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.10%
ISIN LU0827880856
Bloomberg Ticker BGDED2E
Annual Management Fee 0.75%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B8F64W8
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100,000.00
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 31-Aug-2021 32.73
Average Market Cap (Millions) as of 31-Aug-2021 USD 374,864.54
3y Volatility as of 31-Aug-2021 17.92

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-Sep-2021 A
MSCI ESG Quality Score (0-10) as of 07-Sep-2021 6.80
MSCI ESG Quality Score - Peer Percentile as of 07-Sep-2021 49.28
MSCI ESG % Coverage as of 07-Sep-2021 90.84
Fund Lipper Global Classification as of 07-Sep-2021 Equity Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Sep-2021 143.62
Funds in Peer Group as of 07-Sep-2021 4
All data is from MSCI ESG Fund Ratings as of 07-Sep-2021, based on holdings as of 31-Mar-2021. 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-Aug-2021 0.00%
MSCI - UN Global Compact Violators as of 31-Aug-2021 1.54%
MSCI - Nuclear Weapons as of 31-Aug-2021 -0.01%
MSCI - Thermal Coal as of 31-Aug-2021 0.16%
MSCI - Civilian Firearms as of 31-Aug-2021 0.00%
MSCI - Oil Sands as of 31-Aug-2021 0.00%
MSCI - Tobacco as of 31-Aug-2021 0.00%

Business Involvement Coverage as of 31-Aug-2021 92.83%
Percentage of Fund not covered as of 31-Aug-2021 7.19%
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 0.41% and for Oil Sands 0.88%.

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 Global Allocation Investment Team believes that a company’s ability to manage material environmental, social and governance (“ESG”) issues may be essential to the company’s ability to sustain growth and generate value for shareholders over the long term, and thus ESG performance indicators are considered as part of our investment process. For long-term investors like Global Allocation, incorporating ESG information into its research and investment decisions has been, and remains, very important to our fundamental investment process and our goal of seeking to maximize risk-adjusted returns.


The team analyzes ESG data when conducting research and due diligence on new investments, and when monitoring existing investments within the portfolio. The team’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. 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

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BGF Global Dynamic Equity Fund, Class D2, as of 31-Mar-2020 rated against 3247 Global Large-Cap Blend Equity Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 09-Nov-2014)

Holdings

Holdings

as of 31-Aug-2021
Name Weight (%)
MICROSOFT CORP 3.13
ALPHABET INC CLASS C 2.59
APPLE INC 2.53
AMAZON COM INC 1.73
JOHNSON & JOHNSON 1.60
Name Weight (%)
UNITEDHEALTH GROUP INC 1.41
TAIWAN SEMICONDUCTOR MANUFACTURING 1.35
BANK OF AMERICA CORP 1.22
ENBRIDGE INC 1.21
BOSTON SCIENTIFIC CORP 1.11
as of 31-Aug-2021
Name Weight (%)
2020 CASH MANDATORY EXCHANGEABLE T 144A 0.19
BECTON DICKINSON AND COMPANY 0.13
APTIV PLC 0.13
Name Weight (%)
BOSTON SCIENTIFIC CORPORATION 0.07
CHINA MILK PRODUCTS GROUP LTD 0 01/05/2012 0.00
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2021

% of Net Assets

Type Fund
Allocations subject to change.
as of 31-Aug-2021

% of Net Assets

Type Fund
as of 31-Aug-2021

% of Market Value

Type Fund
as of 31-Aug-2021

% of Net Assets

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.

 

% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds. On a market value basis the Fund is comprised of 89% equities, 2% fixed income, 9% cash equivalents. The Funds will not use borrowing to purchase additional investments but may be expected, via derivative positions, to obtain market exposure in excess of net asset value.

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 EUR None 29.81 0.05 0.17 30.13 21.60 - LU0827880856 - -
Class A2 Hedged EUR None 19.66 -0.01 -0.05 20.15 14.42 - LU0238690555 - -
Class A2 USD None 31.59 -0.01 -0.03 32.36 22.96 - LU0238689110 - -
Class D2 USD None 34.92 -0.01 -0.03 35.75 25.19 - LU0368268198 - -
Class D4 EUR Annual 24.57 0.04 0.16 24.83 17.82 - LU0938162772 - -
Class D2 Hedged EUR None 21.03 -0.01 -0.05 21.55 15.31 - LU0326425609 - -
Class A2 EUR None 26.97 0.05 0.19 27.27 19.67 - LU0238689623 - -
Class A4 EUR Annual 26.89 0.04 0.15 27.19 19.62 - LU0408221603 - -
Class I2 EUR - 10.51 0.02 0.19 10.62 9.61 - LU2337443100 - -

Portfolio Managers

Portfolio Managers

David Clayton
David Clayton
Russ Koesterich
Russ Koesterich
Rick Rieder
Portfolio Manager, BlackRock’s Green Bond Mandates

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income.

Literature

Literature