Equity

BGF Next Generation Technology 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.

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.
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Performance

Performance

Distributions

This product does not have any distributions data as of now.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

Key Facts

Key Facts

Size of Fund (Millions) as of 14-Jun-2021 USD 5,896.37
12m Trailing Yield -
Number of Holdings as of 28-May-2021 157
Base Currency U.S. Dollar
Fund Launch Date 04-Sep-2018
Share Class launch date 26-May-2021
Asset Class Equity
Morningstar Category -
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.73%
ISIN LU2344713412
Bloomberg Ticker -
Annual Management Fee 0.68%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BNNFPF2
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 10000000
Minimum Subsequent Investment GBP 1000
Use of Income Distributing

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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-May-2021 0.00%
MSCI - UN Global Compact Violators as of 28-May-2021 0.00%
MSCI - Nuclear Weapons as of 28-May-2021 0.00%
MSCI - Thermal Coal as of 28-May-2021 0.00%
MSCI - Civilian Firearms as of 28-May-2021 0.00%
MSCI - Oil Sands as of 28-May-2021 0.00%
MSCI - Tobacco as of 28-May-2021 0.00%

Business Involvement Coverage as of 28-May-2021 93.38%
Percentage of Fund not covered as of 28-May-2021 6.42%
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 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 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

Holdings

Holdings

as of 28-May-2021
Name Weight (%)
KAKAO CORP 2.13
SHIFT4 PAYMENTS INC CLASS A 1.73
SILERGY CORP 1.67
LASERTEC CORP 1.64
LIGHTSPEED POS SUBORDINATE VOTING 1.50
Name Weight (%)
ASM INTERNATIONAL NV 1.47
ULTRA CLEAN HOLDINGS INC 1.45
SAMSUNG SDI LTD 1.39
TWILIO INC CLASS A 1.35
ENTEGRIS INC 1.28
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 I4 GBP - 10.52 0.19 1.84 10.52 9.95 - LU2344713412 - -
Class D2 Hedged EUR None 24.93 0.45 1.84 28.92 14.21 - LU1861216601 - -
Class I2 EUR - 22.08 0.40 1.85 25.58 13.36 - LU1917165075 - -
Class I2 GBP - 18.96 0.35 1.88 22.31 11.99 - LU2168066202 - -
Class A2 Hedged EUR None 24.36 0.44 1.84 28.34 14.00 - LU1861216510 - -
Class D2 EUR None 21.92 0.39 1.81 25.42 13.30 - LU1917164854 - -
Class D2 USD None 26.57 0.47 1.80 30.76 15.00 - LU1861216197 - -
Class I2 Hedged EUR - 30.20 0.54 1.82 35.02 17.17 - LU1917165158 - -
Class A2 Hedged GBP - 10.42 0.19 1.86 10.74 9.09 - LU2310089698 - -
Class D2 GBP - 18.83 0.35 1.89 22.17 14.51 - LU2237457416 - -
Class D2 Hedged GBP None 25.31 0.45 1.81 29.25 14.34 - LU1861216866 - -
Class A2 USD None 25.95 0.46 1.80 30.12 14.78 - LU1861215975 - -
Class I2 USD - 26.76 0.47 1.79 30.95 15.07 - LU1861216270 - -

Portfolio Managers

Portfolio Managers

Tony Kim
Tony Kim
Reid Menge
Reid Menge

Literature

Literature