Equity

BGF Next Generation Technology Fund

  • NAV as of 20-May-22 USD 15.24
    52 WK: 13.99 - 28.41
  • 1 Day NAV Change as of 20-May-22 0.37 (2.49%)
  • Morningstar Rating

Overview

Investment Approach

The Fund aims to maximize 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. 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.

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

Chart

Performance chart data not available for display.
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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-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		 From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of 31-Mar-22

- - 6.18 137.12 -19.15
  1y 3y 5y 10y Incept.
Total Return (%)

as of 30-Apr-22

-33.55 18.38 - - 16.12
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of 30-Apr-22

-32.30 -14.04 -11.98 -33.55 65.90 - - 72.70

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-May-22 USD 2,916.331
12m Trailing Yield -
Number of Holdings as of 29-Apr-22 121
Base Currency U.S. Dollar
Fund Launch Date 04-Sep-18
Inception Date 04-Sep-18
Asset Class Equity
Morningstar Category Sector Equity Technology
SFDR Classification Other
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 5,000.00
Minimum Subsequent Investment USD 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 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. 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 29-Apr-22 0.00%
MSCI - UN Global Compact Violators as of 29-Apr-22 0.00%
MSCI - Nuclear Weapons as of 29-Apr-22 0.00%
MSCI - Thermal Coal as of 29-Apr-22 0.00%
MSCI - Civilian Firearms as of 29-Apr-22 0.00%
MSCI - Oil Sands as of 29-Apr-22 0.00%
MSCI - Tobacco as of 29-Apr-22 0.00%
Business Involvement Coverage as of 29-Apr-22 93.25%
Percentage of Fund not covered as of 29-Apr-22 7.41%
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

1
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3
4
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7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Next Generation Technology Fund, Class A2, as of 30-Apr-22 rated against 708 Sector Equity Technology Funds.

Holdings

Holdings

as of 29-Apr-22
Name Weight (%)
TESLA INC 3.27
ON SEMICONDUCTOR CORP 2.43
ZOOMINFO TECHNOLOGIES INC CLASS A 2.41
MARVELL TECHNOLOGY INC 2.36
KAKAO CORP 2.16
Name Weight (%)
WOLFSPEED INC 2.14
SYNOPSYS INC 2.14
SAMSUNG SDI LTD 2.11
ASM INTERNATIONAL NV 2.03
ENTEGRIS INC 1.85
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Apr-22

% of Market Value

Type Fund
as of 29-Apr-22

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 29-Apr-22

% 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 15.24 0.37 2.49 28.41 13.99 - LU1861215975 - -
Class I2 Hedged EUR - 17.42 0.43 2.53 33.09 15.97 - LU1917165158 - -
Class I2 GBP - 12.71 0.32 2.58 21.92 11.94 - LU2168066202 - -
Class I2 USD - 15.88 0.39 2.52 29.43 14.57 - LU1861216270 - -
Class E2 EUR - 19.28 0.47 2.50 33.61 17.99 - LU1917164938 - -
Class D2 GBP None 12.60 0.32 2.61 21.74 11.83 - LU2237457416 - -
Class D2 Hedged CNH None 58.48 1.43 2.51 108.10 53.60 - LU2290526594 - -
Class E2 Hedged EUR - 13.66 0.33 2.48 26.16 12.53 - LU1861216783 - -
Class A2 SEK None 151.45 3.58 2.42 251.48 141.93 - LU1861216940 - -
Class D2 USD None 15.73 0.39 2.54 29.19 14.44 - LU1861216197 - -
Class SR4 USD Annual 6.22 0.15 2.47 11.54 5.71 - LU2344713255 - -
Class SR2 EUR - 5.89 0.14 2.43 10.20 5.50 - LU2344713339 - -
Class A2 EUR - 14.43 0.35 2.49 25.10 13.46 - LU2400291972 - -
Class SR4 GBP Annual 4.98 0.12 2.47 8.60 4.68 - LU2344713099 - -
Class D2 Hedged SGD None 5.52 0.13 2.41 10.34 5.07 - LU2290526321 - -
Class S2 Hedged EUR - 5.94 0.15 2.59 11.29 5.45 - LU2278361055 - -
Class D2 Hedged EUR None 14.35 0.36 2.57 27.28 13.15 - LU1861216601 - -
Class X2 USD - 16.27 0.40 2.52 30.06 14.93 - LU1861216353 - -
Class A2 Hedged NZD - 8.35 0.21 2.58 10.05 7.65 - LU2465791726 - -
Class S2 USD - 6.14 0.15 2.50 11.38 5.63 - LU2278360750 - -
Class SR2 Hedged EUR - 5.94 0.15 2.59 11.29 5.44 - LU2344713503 - -
Class I4 USD Annual 8.81 0.22 2.56 16.33 8.09 - LU2360107085 - -
Class SR2 USD - 6.22 0.15 2.47 11.55 5.71 - LU2344713172 - -
Class A2 Hedged AUD - 8.30 0.20 2.47 10.05 7.60 - LU2465791643 - -
Class I4 GBP Annual 7.05 0.17 2.47 12.16 6.62 - LU2344713412 - -
Class I2 EUR - 15.03 0.36 2.45 26.00 14.02 - LU1917165075 - -
Class A2 Hedged EUR None 13.91 0.34 2.51 26.56 12.75 - LU1861216510 - -
Class A2 Hedged HKD None 56.51 1.39 2.52 105.62 51.86 - LU2290526834 - -
Class A2 Hedged CNH None 57.90 1.42 2.51 107.48 53.08 - LU2290526677 - -
Class D2 EUR None 14.89 0.36 2.48 25.79 13.89 - LU1917164854 - -
Class A4 USD Annual 5.69 0.14 2.52 10.61 5.23 - LU2360107168 - -
Class AI2 EUR - 16.21 0.40 2.53 28.19 15.12 - LU1960223847 - -
Class A2 Hedged SGD None 14.71 0.36 2.51 27.66 13.49 - LU1861220033 - -
Class A2 Hedged CHF None 6.01 0.15 2.56 11.33 5.51 - LU2310089771 - -
Class S2 Hedged CHF - 6.07 0.15 2.53 11.39 5.57 - LU2310089938 - -
Class D2 Hedged GBP None 14.77 0.36 2.50 27.75 13.55 - LU1861216866 - -
Class A4 EUR - 5.39 0.13 2.47 9.37 5.03 - LU2398791959 - -
Class Z2 USD - 15.91 0.40 2.58 29.48 14.60 - LU1861216437 - -
Class S2 Hedged GBP - 6.09 0.14 2.35 11.44 5.59 - LU2310089854 - -
Class Z2 Hedged CHF - 6.09 0.15 2.53 11.41 5.58 - LU2310090191 - -
Class A2 Hedged GBP None 6.03 0.15 2.55 11.38 5.53 - LU2310089698 - -

Portfolio Managers

Portfolio Managers

Tony Kim
Tony Kim
Reid Menge
Reid Menge

Literature

Literature