Equity

BGF European Special Situations Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. The Fund utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The strategies utilised by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund.
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Performance

Performance

  • Returns


The figures shown relate to past performance. Past performance is not a reliable indicator of 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 fund 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

Chart

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 24-Jun-19 EUR 1,238.256
Base Currency EUR
Fund Launch Date 14-Oct-02
Inception Date 19-May-06
Asset Class Equity
Morningstar Category Europe Large-Cap Growth Equity
Benchmark Index MSCI Europe Net TR in EUR
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0252965834
Bloomberg Ticker MEREGDE
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3K7X24
Bloomberg Benchmark Ticker M7EU
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF European Special Situations Fund, Class D2, as of 31-May-19 rated against 315 Europe Large-Cap Growth Equity Funds.

Holdings

Holdings

as of 31-May-19
Name Weight (%)
SAP SE 4.61
ASML HOLDING NV 3.69
LVMH MOET HENNESSY LOUIS VUITTON SE 3.31
SAFRAN SA 3.30
NOVO NORDISK A/S 3.29
Name Weight (%)
UNILEVER PLC 3.12
DSV A/S 3.02
FERRARI NV 2.94
DIAGEO PLC 2.84
AUTO TRADER GROUP PLC 2.71
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 D2 EUR None 50.04 0.06 0.12 50.43 39.10 - LU0252965834 - -
Class A2 Hedged HKD None 114.91 0.16 0.14 115.80 89.20 - LU1355424745 - -
Class C2 USD None 42.39 0.27 0.64 42.46 33.57 - LU0331283985 - -
Class D2 USD None 56.98 0.36 0.64 56.98 44.68 - LU0827879171 - -
Class A2 Hedged USD None 17.51 0.02 0.11 17.65 13.53 - LU0969580561 - -
Class A2 Hedged CNH None 360.15 0.45 0.13 362.91 278.76 - LU1244156169 - -
Class A2 USD None 51.52 0.32 0.63 51.52 40.56 - LU0171276677 - -
Class I2 EUR None 13.43 0.02 0.15 13.53 10.48 - LU0369584999 - -
Class A2 Hedged GBP None 15.08 0.02 0.13 15.20 11.79 - LU1023063255 - -
Class E2 USD None 47.91 0.30 0.63 47.91 37.81 - LU0171277139 - -
Class X2 EUR None 13.11 0.01 0.08 13.22 10.20 - LU1003011217 - -
Class D2 Hedged USD None 16.42 0.02 0.12 16.55 12.64 - LU1078072763 - -
Class A2 EUR None 45.25 0.05 0.11 45.61 35.49 - LU0154234636 - -
Class E2 EUR None 42.08 0.05 0.12 42.41 33.08 - LU0154235443 - -
Class X2 USD None 14.93 0.09 0.61 14.93 11.65 - LU0462856112 - -
Class A2 Hedged AUD None 16.59 0.02 0.12 16.72 12.86 - LU1023062109 - -
Class A2 Hedged CAD None 15.69 0.02 0.13 15.81 12.19 - LU1023062521 - -
Class C2 EUR None 37.23 0.05 0.13 37.53 29.37 - LU0331283803 - -

Portfolio Managers

Portfolio Managers

Michael Constantis
Michael Constantis

Literature

Literature