Equity

BGF Next Generation Technology Fund

  • NAV as of 20-Apr-21 USD 25.80
    52 WK: 11.68 - 30.12
  • 1 Day NAV Change as of 20-Apr-21 -0.42 (-1.60%)

Overview

Investment Approach

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 70% of its total assets in the equity securities (e.g. shares) of companies globally whose predominant economic activity comprises the research, development, production and/or distribution of new and emerging technology. The Fund will focus on next generation technology themes including artificial intelligence, computing, automation, robotics, technological analytics, e-commerce, payment systems, communications technology and generative design. In normal market conditions the Fund will invest in equity securities of companies with large, medium and small market capitalisation (market capitalisation is the share price of the company multiplied by the number of shares issued). Although it is likely that most of the Fund’s investments will be in companies located in developed markets globally, the Fund may also invest in emerging markets.

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.

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

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Share Class and Benchmark performance displayed in USD. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

Reinvestments

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution
  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

- - - 6.18 137.12
  1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Mar-21

137.12 - - - 42.46
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Mar-21

-1.07 -7.35 -1.07 137.12 - - - 148.50

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 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

Size of Fund (Millions) as of 20-Apr-21 USD 5,879.069
12m Trailing Yield -
Number of Holdings as of 31-Mar-21 155
Base Currency U.S. Dollar
Fund Launch Date 04-Sep-18
Inception Date 04-Sep-18
Asset Class Equity
Morningstar Category Sector Equity Technology
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.80%
ISIN LU1861215975
Bloomberg Ticker BGFNGA2
Initial Charge 5.00%
Performance Fee -
SEDOL BG094M8
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 07-Apr-21 BBB
MSCI ESG Quality Score (0-10) as of 07-Apr-21 4.50
MSCI ESG Quality Score - Peer Percentile as of 07-Apr-21 24.85
MSCI ESG % Coverage as of 07-Apr-21 78.63
Fund Lipper Global Classification as of 07-Apr-21 Equity Sector Information Tech
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Apr-21 51.06
Funds in Peer Group as of 07-Apr-21 511
All data is from MSCI ESG Fund Ratings as of 07-Apr-21, based on holdings as of 30-Nov-20. 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% 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.

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 31-Mar-21 0.00%
MSCI - UN Global Compact Violators as of 31-Mar-21 0.00%
MSCI - Nuclear Weapons as of 31-Mar-21 0.00%
MSCI - Thermal Coal as of 31-Mar-21 0.00%
MSCI - Civilian Firearms as of 31-Mar-21 0.00%
MSCI - Oil Sands as of 31-Mar-21 0.00%
MSCI - Tobacco as of 31-Mar-21 0.00%
Business Involvement Coverage as of 31-Mar-21 92.00%
Percentage of Fund not covered as of 31-Mar-21 8.00%
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 31-Mar-21
Name Weight (%)
KAKAO CORP 1.64
ULTRA CLEAN HOLDINGS INC 1.44
SHIFT4 PAYMENTS INC CLASS A 1.40
TWILIO INC CLASS A 1.28
ASM INTERNATIONAL NV 1.25
Name Weight (%)
ALCHIP TECHNOLOGIES LTD 1.25
LIGHTSPEED POS SUBORDINATE VOTING 1.23
SQUARE INC CLASS A 1.21
ON SEMICONDUCTOR CORP 1.18
ENTEGRIS INC 1.18
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Mar-21

% of Market Value

Type Fund
as of 31-Mar-21

% of Market Value

Type Fund
as of 31-Mar-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 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A2 USD None 25.80 -0.42 -1.60 30.12 11.68 - LU1861215975 - -
Class AI2 EUR - 24.06 -0.43 -1.76 27.96 12.06 - LU1960223847 - -
Class E2 Hedged EUR - 23.95 -0.39 -1.60 28.01 11.01 - LU1861216783 - -
Class D2 EUR None 21.90 -0.39 -1.75 25.42 10.90 - LU1917164854 - -
Class D2 SGD - 9.36 -0.15 -1.58 10.16 8.66 - LU2290526321 - -
Class S2 USD - 10.28 -0.17 -1.63 11.99 9.51 - LU2278360750 - -
Class S2 Hedged EUR - 10.26 -0.16 -1.54 11.97 9.48 - LU2278361055 - -
Class I2 GBP - 19.03 -0.30 -1.55 22.31 10.81 - LU2168066202 - -
Class D2 Hedged CNH - 96.39 -1.55 -1.58 100.00 88.92 - LU2290526594 - -
Class I2 Hedged EUR - 30.02 -0.49 -1.61 35.02 13.59 - LU1917165158 - -
Class A2 Hedged HKD - 95.98 -1.55 -1.59 100.00 88.80 - LU2290526834 - -
Class I2 EUR - 22.05 -0.40 -1.78 25.58 10.94 - LU1917165075 - -
Class A2 Hedged EUR None 24.25 -0.39 -1.58 28.34 11.10 - LU1861216510 - -
Class A2 SEK None 217.07 -2.99 -1.36 249.88 117.54 - LU1861216940 - -
Class X2 USD - 27.02 -0.44 -1.60 31.45 12.02 - LU1861216353 - -
Class D2 Hedged EUR None 24.79 -0.40 -1.59 28.92 11.25 - LU1861216601 - -
Class D2 USD None 26.38 -0.43 -1.60 30.76 11.84 - LU1861216197 - -
Class A2 Hedged CNH - 96.29 -1.55 -1.58 100.00 88.88 - LU2290526677 - -
Class D2 GBP - 18.90 -0.30 -1.56 22.17 14.51 - LU2237457416 - -
Class E2 EUR - 28.77 -0.52 -1.78 33.47 14.50 - LU1917164938 - -
Class I2 USD - 26.56 -0.43 -1.59 30.95 11.89 - LU1861216270 - -
Class D2 Hedged GBP None 25.15 -0.41 -1.60 29.25 11.34 - LU1861216866 - -
Class A2 Hedged SGD None 25.15 -0.41 -1.60 29.35 11.43 - LU1861220033 - -
Class S2 Hedged CHF - 10.36 -0.17 -1.61 10.62 9.59 - LU2310089938 - -
Class A2 Hedged GBP - 10.36 -0.17 -1.61 10.61 9.58 - LU2310089698 - -
Class Z2 Hedged CHF - 10.37 -0.16 -1.52 10.62 9.59 - LU2310090191 - -
Class A2 Hedged CHF - 10.36 -0.16 -1.52 10.61 9.59 - LU2310089771 - -
Class S2 Hedged GBP - 10.37 -0.16 -1.52 10.62 9.58 - LU2310089854 - -
Class Z2 USD - 26.59 -0.43 -1.59 30.98 11.90 - LU1861216437 - -

Portfolio Managers

Portfolio Managers

Tony Kim
Tony Kim
Reid Menge
Reid Menge

Literature

Literature