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.

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

Performance chart data not available for display.
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Reinvestments

This product does not have any distributions data as of now.

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 0.0 0.1 -0.1 -0.3 -0.5 -0.5 -0.5 -0.6 -0.7 -0.3
Comparator Benchmark 1 (%) -0.1 -0.1 -0.3 -0.5 -0.5 -0.6 -0.6 -0.7 -0.7 0.0

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

  1y 3y 5y 10y Incept.
2.37 0.37 0.01 -0.12 -0.03
Comparator Benchmark 1 (%) 2.88 0.60 0.11 -0.12 0.00
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.25 0.31 0.98 1.68 2.37 1.11 0.05 -1.18 -0.46
Comparator Benchmark 1 (%) 2.63 0.34 0.97 1.80 2.88 1.82 0.55 -1.24 -0.02
  From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
From
30-Sep-2022
To
30-Sep-2023
Total Return (%)

as of 30-Sep-23

-0.46 -0.57 -0.68 -0.65 2.10
Comparator Benchmark 1 (%)

as of 30-Sep-23

-0.57 -0.66 -0.69 -0.46 2.60

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

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

Net Assets of Fund as of 05-Dec-23 EUR 152,824,502
Inception Date 24-Jul-09
Fund Launch Date 24-Jul-09
Share Class Currency EUR
Base Currency EUR
Asset Class Cash
Comparator Benchmark 1 Overnight ESTR
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.57%
ISIN LU0432366366
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category EUR Money Market - Short Term
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BLRERC2
SEDOL B3MYH10

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Oct-23 3
Weighted Average Maturity as of 04-Dec-23 33 days
Weighted Average Life as of 04-Dec-23 66 days
3y Beta as of 31-Oct-23 0.910
1-Day Yield as of 05-Dec-23 3.31%

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-Oct-23 0.00%
MSCI - UN Global Compact Violators as of 31-Oct-23 0.00%
MSCI - Nuclear Weapons as of 31-Oct-23 0.00%
MSCI - Thermal Coal as of 31-Oct-23 0.00%
MSCI - Civilian Firearms as of 31-Oct-23 0.00%
MSCI - Oil Sands as of 31-Oct-23 0.00%
MSCI - Tobacco as of 31-Oct-23 0.00%

Business Involvement Coverage as of 31-Oct-23 83.30%
Percentage of Fund not covered as of 31-Oct-23 16.70%
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 financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or 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, where available. 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, where appropriate.

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

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

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-23

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 04-Dec-23

% of Market Value

Type Fund
as of 04-Dec-23

% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class C2 EUR 70.15 0.02 0.02 05-Dec-23 70.15 68.31 LU0432366366
Class X2 EUR 10.03 0.00 0.02 05-Dec-23 10.03 9.71 LU1456581872
Class E2 EUR 69.18 0.01 0.02 05-Dec-23 69.18 67.53 LU0432366952
Class D2 EUR 73.99 0.02 0.02 05-Dec-23 73.99 71.91 LU0432366796
Class A2 EUR 73.32 0.02 0.02 05-Dec-23 73.32 71.40 LU0432365988

Portfolio Managers

Portfolio Managers

Matt Clay
Matt Clay

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 : 1 years
Example Investment EUR 10,000
Scenario
If you exit after 1 year

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
9,930 EUR
-0.7%

Unfavourable

What you might get back after costs
Average return each year
9,930 EUR
-0.7%

Moderate

What you might get back after costs
Average return each year
9,950 EUR
-0.5%

Favourable

What you might get back after costs
Average return each year
10,240 EUR
2.4%

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



Literature

Literature