Cash

BGF Euro Reserve 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.

A Money Market Fund (MMF) is not a guaranteed investment vehicle. An investment in MMFs is different from an investment in deposits; the principal invested in an MMF is capable of fluctuation and the risk of loss of the principal is to be borne by the investor. The MMF does not rely on external support for guaranteeing the liquidity of the MMF or stabilising the NAV per share. Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. Loss of Capital: an automatic share redemption may occur which will reduce the number of shares held by each investor. This share redemption will result in a loss of capital to investors. Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.
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Performance

Performance

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Reinvestments

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

as of 31-Mar-21

-0.62 -0.74 -0.73 -0.80 -0.86
  1y 3y 5y 10y Incept.
-0.88 -0.79 -0.76 -0.47 -0.41
  YTD 1m 3m 1y 3y 5y 10y Incept.
-0.32 -0.08 -0.24 -0.88 -2.36 -3.72 -4.56 -4.73

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged Share Class Benchmark performance is displayed in EUR.

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

Size of Fund (Millions) as of 07-May-21 EUR 106.671
12m Trailing Yield -
Number of Holdings as of 26-Feb-21 1
Base Currency Euro
Fund Launch Date 24-Jul-09
Inception Date 24-Jul-09
Asset Class Cash
Morningstar Category EUR Money Market - Short Term
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.37%
ISIN LU0432366952
Bloomberg Ticker BLRERE2
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B3MXP80
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

1-Day Yield as of 07-May-21 -0.01%
Weighted Average Maturity as of 06-May-21 47 days
Weighted Average Life as of 06-May-21 47 days

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-Apr-21 0.00%
MSCI - UN Global Compact Violators as of 30-Apr-21 0.00%
MSCI - Nuclear Weapons as of 30-Apr-21 0.00%
MSCI - Thermal Coal as of 30-Apr-21 0.00%
MSCI - Civilian Firearms as of 30-Apr-21 0.00%
MSCI - Oil Sands as of 30-Apr-21 0.00%
MSCI - Tobacco as of 30-Apr-21 0.00%

Business Involvement Coverage as of 30-Apr-21 82.57%
Percentage of Fund not covered as of 30-Apr-21 17.43%
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 considers ESG information in the research, security selection and portfolio review stages of the investment process. The Fund manager conducts bi-weekly credit meetings, wherein each credit is examined through an internal relative value analysis, which contains qualitative governance considerations combined with environmental, societal and governance metrics derived from third-party data providers. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

Name Type Weight (%) Nominal Market Value ISIN CUSIP Coupon (%) Maturity Location Maturity/Reset
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Apr-21

% of Market Value

Type Fund Benchmark Net
as of 06-May-21

% of Market Value

Type Fund
as of 06-May-21

% 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 NAV As Of 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class E2 EUR None 68.35 0.00 0.00 07-May-21 68.97 68.35 - LU0432366952 - -
Class X2 EUR None 9.78 0.00 0.00 07-May-21 9.84 9.78 - LU1456581872 - -
Class C2 EUR None 68.87 0.00 0.00 07-May-21 69.31 68.87 - LU0432366366 - -
Class D2 EUR None 72.47 0.00 0.00 07-May-21 72.93 72.47 - LU0432366796 - -
Class A2 EUR None 71.98 0.00 0.00 07-May-21 72.44 71.98 - LU0432365988 - -

Portfolio Managers

Portfolio Managers

Matt Clay
Matt Clay

Literature

Literature