BGF European Fund

Equity

BGF European Fund

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 shares of companies domiciled in, or the main business of which is in, Europe.

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.

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Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014		 From
31-Dec-2014
To
31-Dec-2015		 From
31-Dec-2015
To
31-Dec-2016		 From
31-Dec-2016
To
31-Dec-2017		 From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 31-Dec-18

2.57 10.97 -5.60 6.80 -14.54
Benchmark (%) Index: MSCI Europe Net TR in EUR<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 31-Dec-18

6.84 8.22 2.58 10.24 -10.57

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

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Performance chart data not available for display.
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Share Class and Benchmark performance displayed in EUR. 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.

Distributions

Record Date Ex-Date Payable Date
View full table
Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Size of Fund (Millions) as of 18-Feb-19 EUR 1,381.678
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. as of 31-Jan-19 0.65
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 31-Jan-19 56
Base Currency EUR
Fund Launch Date 30-Nov-93
Inception Date 19-Jan-09
Asset Class Equity
Morningstar Category Europe Large-Cap Blend Equity
Benchmark Index MSCI Europe Net TR in EUR
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 1.82%
ISIN LU0408221439
Bloomberg Ticker BGEOEA4
Annual Management Fee As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs. 1.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3L15J6
Bloomberg Benchmark Ticker M7EU
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 02-Nov-18)
Ratings Report

Holdings

Holdings

as of 31-Jan-19
Name Weight (%)
ROCHE HOLDING AG 4.48
NOVO NORDISK A/S 3.61
SANOFI SA 3.54
ALLIANZ SE 3.30
DIAGEO PLC 3.30
Name Weight (%)
LONDON STOCK EXCHANGE GROUP PLC 3.04
SAFRAN SA 2.99
SIKA AG 2.99
EXPERIAN PLC 2.88
TOTAL SA 2.82
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 A4 EUR Annual 99.54 0.67 0.68 110.76 88.35 - LU0408221439 - -
Class C2 USD None 93.32 1.05 1.14 109.04 83.76 - LU0338175176 - -
Class I2 EUR None 117.27 0.80 0.69 128.75 103.94 - LU0368230461 - -
Class E2 EUR None 96.20 0.64 0.67 106.81 85.45 - LU0090830901 - -
Class I2 Hedged USD None 11.63 0.08 0.69 12.49 10.27 - LU1438596576 - -
Class S2 EUR None 9.42 0.06 0.64 10.22 8.35 - LU1722863302 - -
Class D2 Hedged USD None 14.64 0.10 0.69 15.75 12.93 - LU0827890574 - -
Class A2 EUR None 106.19 0.71 0.67 117.47 94.26 - LU0011846440 - -
Class A4 GBP Annual 87.57 0.24 0.27 97.79 80.21 - LU0204061864 - -
Class A2 Hedged HKD None 15.42 0.11 0.72 16.80 13.65 - LU0788108743 - -
Class A2 Hedged USD None 15.84 0.10 0.64 17.14 14.00 - LU0526926950 - -
Class X2 EUR None 124.94 0.85 0.68 136.42 110.62 - LU0147392624 - -
Class D2 USD None 132.66 1.52 1.16 152.43 118.73 - LU0411709727 - -
Class C2 EUR None 82.42 0.54 0.66 92.03 73.29 - LU0147391493 - -
Class A2 Hedged NZD None 11.82 0.08 0.68 12.84 10.45 - LU1023060319 - -
Class A2 Hedged CAD None 10.81 0.08 0.75 11.78 9.56 - LU1023060079 - -
Class D4 EUR None 100.33 0.68 0.68 109.75 88.96 - LU1852330817 - -
Class A2 Hedged AUD None 11.42 0.08 0.71 12.42 10.09 - LU1023059733 - -
Class A2 USD None 120.23 1.36 1.14 139.03 107.73 - LU0171280430 - -
Class A2 Hedged SGD None 12.13 0.08 0.66 13.23 10.74 - LU0963555726 - -
Class D4 GBP Annual 87.85 0.24 0.27 98.49 80.38 - LU0827879098 - -
Class D2 EUR None 117.16 0.79 0.68 128.89 103.89 - LU0252966055 - -
Class A2 Hedged CNH None 97.74 0.66 0.68 105.15 86.46 - LU1210724834 - -
Class A2 Hedged GBP None 10.51 0.07 0.67 11.56 9.33 - LU1023060665 - -
Class X2 JPY None 15,644.00 200.00 1.30 17,843.00 13,737.00 - LU1165522308 - -

Portfolio Managers

Portfolio Managers

Nigel Bolton
Nigel Bolton
Head of European equities, BlackRock

  

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Nigel Bolton, FCSI, Managing Director, is Chief Investment Officer (CIO) of the Fundamental Active Equities and Head of the European Equity team within BlackRock's Active Equity business. Nigel manages Blackrock's key pan European equity strategies as well as leading the firm's investment processes and business development across the Fundamental Active Equity group.

Prior to joining BlackRock in 2008 Nigel held a number of senior positions in asset management including Scottish Widows Investment Partnership and Citigroup Global Asset Management where he was Head of European Equities. With over 30 years' experience in investment management he is widely regarded as an expert in equity fund management and has won numerous prestigious industry awards such as Morningstar's European Fund Manager of the Year. He regularly appears on CNBC and Bloomberg TV.

Mr Bolton earned a BA degree, with honours, in economics from the University of Nottingham and is a Chartered Fellow of the Chartered Institute for Securities and Investment.

Brian Hall
Brian Hall
Managing Director

  

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Brian Hall, CFA, Managing Director and Portfolio Manager, is a member of the European Equity team within the Fundamental Equity division of BlackRock’s Active Equity Group. He has had responsibility for the management of the BGF European Value portfolio since December 2010 and co-manages Pan-European portfolios across the team.

 

Prior to joining BlackRock in 2007, Mr. Hall was with Lehman Brothers, where he was a Director responsible for equity research on the European Capital Goods team. He began his career with Lehman in 1999.

 

Mr. Hall earned a BSC degree, first class honours in economics with study in continental Europe from Bristol University in 1999.

Literature

Literature