Equity

BGF - Developed Markets Sustainable 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.

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. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.
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Performance

Performance

Reinvestments

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 18-Oct-2021 USD 5.39
12m Trailing Yield -
Number of Holdings as of 30-Sep-2021 31
Base Currency U.S. Dollar
Fund Launch Date 17-Jun-2021
Share Class launch date 17-Jun-2021
Asset Class Equity
Morningstar Category -
Benchmark Index -
SFDR Classification Article 8
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.81%
ISIN LU2344726588
Bloomberg Ticker -
Annual Management Fee 1.50%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BMWY7D5
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating

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 30-Sep-2021 0.00%
MSCI - UN Global Compact Violators as of 30-Sep-2021 0.00%
MSCI - Nuclear Weapons as of 30-Sep-2021 0.00%
MSCI - Thermal Coal as of 30-Sep-2021 0.00%
MSCI - Civilian Firearms as of 30-Sep-2021 0.00%
MSCI - Oil Sands as of 30-Sep-2021 0.00%
MSCI - Tobacco as of 30-Sep-2021 0.00%

Business Involvement Coverage as of 30-Sep-2021 99.42%
Percentage of Fund not covered as of 30-Sep-2021 0.58%
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 30-Sep-2021
Name Weight (%)
MICROSOFT CORP 4.43
ALPHABET INC CLASS A 4.39
ADOBE INC 4.32
MASTERCARD INC CLASS A 4.09
SCHNEIDER ELECTRIC 3.83
Name Weight (%)
ASML HOLDING NV 3.77
INTUIT INC 3.73
RENTOKIL INITIAL PLC 3.66
THERMO FISHER SCIENTIFIC INC 3.56
OTIS WORLDWIDE CORP 3.46
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-2021

% of Market Value

Type Fund
as of 30-Sep-2021

% of Market Value

Type Fund
as of 30-Sep-2021

% 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 A2 EUR - 9.21 -0.02 -0.22 9.31 8.35 - LU2344726588 - -
Class I2 USD - 10.72 -0.03 -0.28 10.98 9.92 - LU2344725424 - -
Class I2 EUR - 9.24 -0.03 -0.32 9.34 8.96 - LU2372744669 - -
Class D2 EUR - 9.24 -0.02 -0.22 9.33 8.96 - LU2372746011 - -
Class A2 USD - 10.68 -0.03 -0.28 10.95 9.92 - LU2344725853 - -
Class D2 USD - 10.71 -0.03 -0.28 10.97 9.92 - LU2344725770 - -

Portfolio Managers

Portfolio Managers

Adam Avigdori
Director and portfolio manager

  

David Goldman
Director and Portfolio Manager

  

Literature

Literature