Equity

BGF Systematic Global Equity High Income Fund

  • NAV as of 04-Dec-25 JPY 1,135.00
    52 WK: 959.00 - 1,146.00
  • 1 Day NAV Change as of 04-Dec-25 JPY 2.00 (0.18%)

Overview

Investment Approach


The Fund aims to generate a high level of income on your investment.

The Fund invests globally at least 70% of its total assets in equity securities (e.g. shares).

In order to achieve its investment objective and policy, the Fund will invest in a variety of investment strategies and instruments. In particular, the Fund will use quantitative (i.e. mathematical or statistical) models in order to achieve a systematic (i.e. rule based) approach to stock selection. This means that stocks will be selected based on their expected contribution to portfolio returns when risk and transaction cost forecasts are taken into account.

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.

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. Risk to Capital Growth: The Fund may pursue investment strategies using derivatives in order to generate income which may have the effect of reducing capital and the potential for long-term capital growth as well as increasing any capital losses.

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

Chart

View full chart

This chart shows the product's performance as the percentage loss or gain per year over the last 0 years.

  2020 2021 2022 2023 2024
Total Return (%) JPY
Constraint Benchmark 1 (%) USD

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

  1y 3y 5y 10y Incept.
Total Return (%) JPY 4.82 - - - 8.20
Constraint Benchmark 1 (%) USD 7.19 - - - 12.46
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) JPY 6.90 0.00 0.53 3.57 4.82 - - - 13.10
Constraint Benchmark 1 (%) USD 11.45 2.33 1.36 2.91 7.19 - - - 20.11
  From
30-Sep-2020
To
30-Sep-2021		 From
30-Sep-2021
To
30-Sep-2022		 From
30-Sep-2022
To
30-Sep-2023		 From
30-Sep-2023
To
30-Sep-2024		 From
30-Sep-2024
To
30-Sep-2025
Total Return (%) JPY

as of 30-Sep-25

- - - - 5.58
Constraint Benchmark 1 (%) USD

as of 30-Sep-25

- - - - 6.64

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

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 04-Dec-25
USD 11,678,884,067
Fund Launch Date
13-Oct-06
Base Currency
USD
Constraint Benchmark 1
MSCI All Country World Minimum Volatility Index (USD)
Initial Charge
5.00%
Management Fee
1.50%
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGSGA2J
Inception Date
08-May-24
Share Class Currency
JPY
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.79%
ISIN
LU2796517071
Minimum Initial Investment
USD 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BRT5W19

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Nov-25
343
P/E Ratio
as of 28-Nov-25
22.24
Standard Deviation (3y)
as of -
-
P/B Ratio
as of 28-Nov-25
3.15

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 28-Nov-25
Name Weight (%)
MICROSOFT CORPORATION 4.04
NVIDIA CORPORATION 3.71
JPMORGAN CHASE & CO 2.32
ALPHABET INC 2.22
CME GROUP INC 2.19
Name Weight (%)
APPLE INC 2.15
VERIZON COMMUNICATIONS INC 2.03
COSTCO WHOLESALE CORPORATION 2.00
ACCENTURE PLC 1.93
ALTRIA GROUP INC 1.91
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Nov-25

% of Market Value

Type Fund Benchmark Net
as of 28-Nov-25

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 28-Nov-25

% 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
Class A2 Hedged JPY 1,135.00 2.00 0.18 04-Dec-25 1,146.00 959.00 LU2796517071
Class CI2 EUR 10.12 0.01 0.10 04-Dec-25 10.29 9.91 LU3114004958
Class S2 Hedged CHF 10.06 0.02 0.20 04-Dec-25 10.06 10.00 LU3212047750
Class I2 USD 24.13 0.05 0.21 04-Dec-25 24.29 23.05 LU3106427977
Class S5G USD 10.07 0.02 0.20 04-Dec-25 10.07 10.00 LU3212047677
Class S6 Hedged SGD 10.06 0.02 0.20 04-Dec-25 10.06 10.00 LU3212048212
Class S2 Hedged EUR 10.06 0.02 0.20 04-Dec-25 10.06 10.00 LU3212048055
Class SI2 EUR 9.99 0.01 0.10 04-Dec-25 10.02 9.98 LU3212048642
Class SR2 USD 14.67 0.04 0.27 04-Dec-25 14.77 11.98 LU2471418041
Class S2 USD 10.07 0.02 0.20 04-Dec-25 10.07 10.00 LU3212047594
Class I5G USD 12.29 0.03 0.24 04-Dec-25 12.38 10.38 LU1379101360
Class S5G Hedged EUR 10.06 0.02 0.20 04-Dec-25 10.06 10.00 LU3212047917
Class E2 EUR 18.61 0.03 0.16 04-Dec-25 19.56 16.22 LU1276852156
Class CI5G EUR 10.06 0.01 0.10 04-Dec-25 10.22 9.86 LU3114005096
Class D5G Hedged GBP 10.41 0.03 0.29 04-Dec-25 10.49 8.85 LU2325744022
Class S6 USD 10.07 0.02 0.20 04-Dec-25 10.07 10.00 LU3212047321
Class S5G Hedged CHF 10.06 0.02 0.20 04-Dec-25 10.06 10.00 LU3212047834
Class SI5G Hedged CHF 10.06 0.02 0.20 04-Dec-25 10.06 10.00 LU3212048485
Class SR6 USD 11.21 0.03 0.27 04-Dec-25 11.36 9.61 LU2471418397
Class SI5G USD 10.07 0.02 0.20 04-Dec-25 10.07 10.00 LU3212048998
Class S5G Hedged GBP 10.07 0.02 0.20 04-Dec-25 10.07 10.00 LU3212048139
Class SI4G USD 10.07 0.02 0.20 04-Dec-25 10.07 10.00 LU3212048303
Class SI3G USD 10.07 0.02 0.20 04-Dec-25 10.07 10.00 LU3212048725
Class A6 Hedged SGD 9.04 0.02 0.22 04-Dec-25 9.30 7.98 LU2381873111
Class D6 Hedged SGD 9.42 0.02 0.21 04-Dec-25 9.64 8.26 LU2381873202
Class D6 USD 12.11 0.03 0.25 04-Dec-25 12.27 10.39 LU2490080954
Class CI5G Hedged EUR 9.96 0.02 0.20 04-Dec-25 10.05 9.72 LU3114005252
Class A2 Hedged SGD 18.25 0.04 0.22 04-Dec-25 18.41 15.30 LU0326426086
Class A6 Hedged GBP 8.08 0.02 0.25 04-Dec-25 8.22 7.02 LU1116319994
Class I3 USD 11.60 0.02 0.17 04-Dec-25 11.74 9.99 LU1630945258
Class I2 EUR 20.68 0.03 0.15 04-Dec-25 21.47 17.84 LU1791805960
Class A8 Hedged NZD 8.73 0.02 0.23 04-Dec-25 8.87 7.58 LU1116319648
Class A6 Hedged CHF 10.58 0.02 0.19 04-Dec-25 11.09 9.46 LU2655522931
Class A6 USD 9.25 0.02 0.22 04-Dec-25 9.40 7.99 LU1116320737
Class A8 Hedged AUD 8.64 0.02 0.23 04-Dec-25 8.78 7.49 LU1116320141
Class B8 Hedged ZAR 105.53 0.26 0.25 04-Dec-25 107.45 91.67 LU2776654332
Class B6 Hedged JPY 976.00 2.00 0.21 04-Dec-25 1,031.00 874.00 LU2776654258
Class A8 Hedged CAD 8.74 0.02 0.23 04-Dec-25 8.87 7.57 LU1116320497
Class B6 USD 10.57 0.02 0.19 04-Dec-25 10.78 9.20 LU2776654175
Class A2 Hedged EUR 13.22 0.03 0.23 04-Dec-25 13.34 11.07 LU0278718100
Class E5G Hedged EUR 8.22 0.02 0.24 04-Dec-25 8.36 7.13 LU0278719413
Class E5 EUR 9.62 0.02 0.21 04-Dec-25 10.00 8.66 LU2990338720
Class E2 Hedged EUR 12.05 0.03 0.25 04-Dec-25 12.15 10.12 LU0278719173
Class D4G USD 11.02 0.02 0.18 04-Dec-25 11.79 9.76 LU2448342563
Class A5G USD 5.70 0.01 0.18 04-Dec-25 5.76 4.85 LU0265550946
Class I4G USD 11.13 0.02 0.18 04-Dec-25 11.90 9.84 LU2448342217
Class A6 Hedged HKD 84.89 0.20 0.24 04-Dec-25 86.91 74.41 LU1116320901
Class A4G USD 10.65 0.02 0.19 04-Dec-25 11.42 9.49 LU2448342308
Class A2 USD 24.40 0.06 0.25 04-Dec-25 24.58 20.05 LU0265550359
Class A5G Hedged EUR 3.61 0.00 0.00 04-Dec-25 3.68 3.13 LU0278719090
Class A4G Hedged CHF 9.07 0.02 0.22 04-Dec-25 9.87 8.36 LU2448342480
Class B11 Hedged ZAR 99.33 0.25 0.25 04-Dec-25 101.12 97.69 LU3174767528
Class A11 Hedged ZAR 99.49 0.25 0.25 04-Dec-25 101.18 97.81 LU3174767361
Class A11 USD 9.94 0.02 0.20 04-Dec-25 10.10 9.77 LU3174767106
Class B11 USD 9.93 0.03 0.30 04-Dec-25 10.10 9.76 LU3174767288
Class A6 Hedged JPY 1,043.00 3.00 0.29 04-Dec-25 1,092.00 928.00 LU2655522857
Class D2 Hedged EUR 14.87 0.04 0.27 04-Dec-25 14.98 12.37 LU0827880930
Class D5G USD 6.48 0.01 0.15 04-Dec-25 6.53 5.48 LU0265552215
Class I5G Hedged CHF 9.08 0.02 0.22 04-Dec-25 9.34 7.92 LU2319964271
Class D2 USD 28.09 0.06 0.21 04-Dec-25 28.28 22.94 LU0368268602
Class B2 Hedged JPY 1,038.00 2.00 0.19 04-Dec-25 1,049.00 883.00 LU2940470854
Class A8 Hedged ZAR 108.52 0.28 0.26 04-Dec-25 110.32 93.80 LU2250418733
Class A5G Hedged CHF 8.82 0.01 0.11 04-Dec-25 9.18 7.75 LU2315843669
Class I5G Hedged EUR 9.66 0.03 0.31 04-Dec-25 9.78 8.30 LU2319964198
Class D5G Hedged CHF 9.21 0.02 0.22 04-Dec-25 9.50 8.05 LU2315843743
Class C5G USD 5.68 0.01 0.18 04-Dec-25 5.74 4.84 LU0265551753
Class C2 USD 19.21 0.04 0.21 04-Dec-25 19.36 15.91 LU0265551670
Class D2 Hedged CHF 12.59 0.02 0.16 04-Dec-25 12.71 10.62 LU2315844048
Class D5G Hedged EUR 9.80 0.02 0.20 04-Dec-25 9.93 8.44 LU2315843586
Class A2 Hedged CHF 12.07 0.02 0.17 04-Dec-25 12.19 10.24 LU2315843826
Class D4G Hedged CHF 9.39 0.02 0.21 04-Dec-25 10.19 8.60 LU2448342647
Class B2 USD 10.84 0.03 0.28 04-Dec-25 10.92 8.97 LU2940470771
Class A6 Hedged EUR 10.98 0.03 0.27 04-Dec-25 11.26 9.67 LU2641782821
Class A8 Hedged CNH 92.14 0.20 0.22 04-Dec-25 93.39 79.61 LU1149717743
Class X2 USD 20.30 0.05 0.25 04-Dec-25 20.42 16.48 LU0265554344
Class A2 Hedged HKD 139.55 0.32 0.23 04-Dec-25 140.65 116.29 LU2290526081

Portfolio Managers

Portfolio Managers

Robert Fisher
Robert Fisher

Robert Fisher, CFA, Managing Director and Senior Portfolio Manager, is a member of the London-based portfolio management group in BlackRock's Systematic Active Equity (SAE) team. He is primarily responsible for managing global income and defensive strategies.

Read More

Robert Fisher, CFA, Managing Director and Senior Portfolio Manager, is a member of the London-based portfolio management group in BlackRock's Systematic Active Equity (SAE) team. He is primarily responsible for managing global income and defensive strategies.

 

Mr. Fisher's service with the firm dates back to 2001, including his years with Barclay's Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he served as a senior portfolio manager within the European Scientific Equity team. Prior to joining BGI, he worked at the Bank of New York, Europe.

 

Mr. Fisher earned a master's degree in aeronautical & astronautical engineering from Southampton University in 1999.

Andrew Huzzey
Andrew Huzzey
Muzo Kayacan
Muzo Kayacan

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment JPY 1,000,000
Scenarios
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
762,410 JPY
-23.8%
487,640 JPY
-13.4%

Unfavourable

What you might get back after costs
Average return each year
790,520 JPY
-20.9%
995,780 JPY
-0.1%

Moderate

What you might get back after costs
Average return each year
1,024,290 JPY
2.4%
1,376,410 JPY
6.6%

Favourable

What you might get back after costs
Average return each year
1,361,000 JPY
36.1%
1,677,740 JPY
10.9%

The stress scenario shows what you might get back in extreme market circumstances.



ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Literature

Literature