Equity

BGF US Basic Value 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

Growth of Hypothetical 10,000

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Distributions

Ex-Date Total Distribution
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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 9.27 -8.39 16.42 7.19 -10.30 21.86 1.12 19.68 -5.61 11.12
Target Benchmark 1 (%) 13.45 -3.83 17.34 13.66 -8.27 26.54 2.80 25.16 -7.54 11.46

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

  1Y 3Y 5Y 10y Incept.
11.36 6.71 7.50 5.94 6.85
Target Benchmark 1 (%) 14.01 8.41 9.38 8.74 -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
3.08 1.64 8.23 8.83 11.36 21.50 43.54 78.09 303.45
Target Benchmark 1 (%) 3.80 3.69 9.55 9.27 14.01 27.43 56.58 131.06 -
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of Dec 31, 2023

21.86 1.12 19.68 -5.61 11.12
Target Benchmark 1 (%)

as of Dec 31, 2023

26.54 2.80 25.16 -7.54 11.46
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

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 USD, 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 Mar 27, 2024 USD 792,064,767
Share Class Inception Date Feb 10, 2003
Fund Inception Date Jan 8, 1997
Share Class Currency USD
Base Currency USD
Asset Class Equity
Target Benchmark 1 Russell 1000 Value Index
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 1.81%
ISIN LU0162691827
Annual Management Fee 1.50%
Performance Fee 0.00%
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category US Large-Cap Value Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker MUSBVAU
SEDOL B43C969

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Feb 29, 2024 96
12m Trailing Yield as of Feb 29, 2024 0.35%
Standard Deviation (3y) as of Feb 29, 2024 14.43%
3y Beta as of Feb 29, 2024 0.835
P/E Ratio as of Feb 29, 2024 13.01
P/B Ratio as of Feb 29, 2024 1.67

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 Mar 21, 2024 A
MSCI ESG % Coverage as of Mar 21, 2024 99.85
MSCI ESG Quality Score (0-10) as of Mar 21, 2024 6.63
MSCI ESG Quality Score - Peer Percentile as of Mar 21, 2024 59.82
Fund Lipper Global Classification as of Mar 21, 2024 Equity US
Funds in Peer Group as of Mar 21, 2024 3,676
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Mar 21, 2024 116.94
MSCI Weighted Average Carbon Intensity % Coverage as of Mar 21, 2024 97.94
All data is from MSCI ESG Fund Ratings as of Mar 21, 2024, based on holdings as of Oct 31, 2023. 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 Feb 29, 2024 0.00%
MSCI - UN Global Compact Violators as of Feb 29, 2024 0.00%
MSCI - Nuclear Weapons as of Feb 29, 2024 1.05%
MSCI - Thermal Coal as of Feb 29, 2024 0.00%
MSCI - Civilian Firearms as of Feb 29, 2024 0.00%
MSCI - Oil Sands as of Feb 29, 2024 1.05%
MSCI - Tobacco as of Feb 29, 2024 1.35%

Business Involvement Coverage as of Feb 29, 2024 99.16%
Percentage of Fund not covered as of Feb 29, 2024 0.82%
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 6.60%.

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 integrates ESG criteria into screening, company research and portfolio construction tools. The criteria may include data from multiple third-party ESG vendors, BlackRock internal scoring, internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. ESG criteria are considered in combination with other information. 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.

Ratings

Risk Indicator

Risk Indicator

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2
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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Feb 29, 2024
Name Weight (%)
WELLS FARGO 3.49
CITIGROUP INC 3.08
HUNTINGTON INGALLS INDUSTRIES INC 2.45
SHELL PLC 2.40
FIRST CITIZENS BANCSHARES INC CLAS 2.37
Name Weight (%)
GENERAL MOTORS 2.34
LEIDOS HOLDINGS INC 2.27
AMERICAN INTERNATIONAL GROUP INC 2.25
KRAFT HEINZ 2.17
SS AND C TECHNOLOGIES HOLDINGS INC 2.10
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% 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
A4 USD 125.69 0.59 0.47 Mar 27, 2024 125.69 103.95 LU0162691827
D4 GBP 100.70 0.55 0.55 Mar 27, 2024 100.70 85.67 LU0827886549
D2 Hgd EUR 81.19 0.38 0.47 Mar 27, 2024 81.19 67.50 LU0329591993
A2 USD 127.84 0.60 0.47 Mar 27, 2024 127.84 105.43 LU0072461881
Class A10 USD 11.22 0.05 0.45 Mar 27, 2024 11.22 9.54 LU2533723545
D2 EUR 135.02 0.96 0.72 Mar 27, 2024 135.02 110.84 LU0827886119
E2 EUR 105.85 0.74 0.70 Mar 27, 2024 105.85 87.99 LU0171295891
X2 USD 173.39 0.82 0.48 Mar 27, 2024 173.39 140.49 LU0147417983
A2 EUR 118.21 0.84 0.72 Mar 27, 2024 118.21 97.77 LU0171293920
A2 Hgd CNH 203.40 0.93 0.46 Mar 27, 2024 203.40 170.21 LU1333800354
C2 Hgd EUR 61.64 0.28 0.46 Mar 27, 2024 61.64 51.67 LU0200685583
D2 GBP 115.67 0.63 0.55 Mar 27, 2024 115.67 97.32 LU0827886200
A4 GBP 99.42 0.54 0.55 Mar 27, 2024 99.42 84.50 LU0204064967
D4 USD 127.37 0.60 0.47 Mar 27, 2024 127.37 105.02 LU0827886465
A4 EUR 116.22 0.82 0.71 Mar 27, 2024 116.22 96.49 LU0213336463
D2 USD 146.02 0.68 0.47 Mar 27, 2024 146.02 119.52 LU0275209954
A2 GBP 101.27 0.55 0.55 Mar 27, 2024 101.27 85.73 LU0171296279
E2 USD 114.48 0.53 0.47 Mar 27, 2024 114.48 94.88 LU0147417710
A2 Hgd EUR 74.55 0.35 0.47 Mar 27, 2024 74.55 62.17 LU0200685153
E2 Hgd EUR 62.25 0.29 0.47 Mar 27, 2024 62.25 52.02 LU0200685666
A2 Hgd SGD 23.28 0.11 0.47 Mar 27, 2024 23.28 19.40 LU0602533316
I2 USD 145.52 0.68 0.47 Mar 27, 2024 145.52 118.80 LU0368249990
I2 EUR 134.56 0.96 0.72 Mar 27, 2024 134.56 110.17 LU1559748261
C2 USD 88.86 0.41 0.46 Mar 27, 2024 88.86 73.87 LU0147417470

Portfolio Managers

Portfolio Managers

Tony DeSpirito
BlackRock Fundamental Equities

Antonio (Tony) DeSpirito, Managing Director, is Chief Investment Officer of U.S. Fundamental Equities.

David Zhao
David Zhao

Literature

Literature