Real Estate

BGF World Real Estate Securities 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.

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

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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 7 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 14.6 -6.0 24.0 -2.5 29.8 -30.4 8.5
Constraint Benchmark 1 (%) 10.4 -5.6 21.9 -9.0 26.1 -25.1 9.7

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

  1y 3y 5y 10y Incept.
0.68 -8.44 -0.95 - 2.24
Constraint Benchmark 1 (%) 4.54 -4.77 -0.69 - 1.62
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-6.54 -0.23 -3.48 -6.54 0.68 -23.23 -4.67 - 18.55
Constraint Benchmark 1 (%) -3.70 0.34 -2.43 -3.70 4.54 -13.63 -3.40 - 13.19
  From
30.06.2019
To
30.06.2020
From
30.06.2020
To
30.06.2021
From
30.06.2021
To
30.06.2022
From
30.06.2022
To
30.06.2023
From
30.06.2023
To
30.06.2024
Total Return (%)

as of 30.Jun.2024

-10.62 38.94 -16.96 -8.18 0.68
Constraint Benchmark 1 (%)

as of 30.Jun.2024

-16.25 33.55 -13.44 -4.56 4.54

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 CNH, 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

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28.Jun.2024
67
Standard Deviation (3y)
as of 30.Jun.2024
19.65%
P/CF Ratio
as of 28.Jun.2024
14.14
12 Month Trailing Dividend Distribution Yield
as of 30.Jun.2024
0.79
3y Beta
as of 30.Jun.2024
0.97
P/B Ratio
as of 28.Jun.2024
1.34

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 28.Jun.2024
0.00%
MSCI - Nuclear Weapons
as of 28.Jun.2024
0.00%
MSCI - Civilian Firearms
as of 28.Jun.2024
0.00%
MSCI - Tobacco
as of 28.Jun.2024
0.00%
MSCI - UN Global Compact Violators
as of 28.Jun.2024
0.00%
MSCI - Thermal Coal
as of 28.Jun.2024
0.00%
MSCI - Oil Sands
as of 28.Jun.2024
0.00%

Business Involvement Coverage
as of 28.Jun.2024
99.99%
Percentage of Fund not covered
as of 28.Jun.2024
0.00%
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 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 includes ESG considerations in the initial screening, sourcing and due diligence phases of the investment process. This may include the use of internal ESG due diligence templates to identify, analyze and document key ESG risks, and the use of thematic environmental, social and governance information sourced from both primary sources and third-party data providers, where available. Where appropriate, identified material ESG risks are included in Investment Committee materials and discussed at relevant Investment Committee meetings. This information may broadly inform investment decisions: ESG criteria are considered in combination with other information. The Fund manager also considers environmental, social and governance criteria during post-investment monitoring and conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include the analysis and discussion of portfolio exposure to material ESG risks, where appropriate.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 28.Jun.2024
Name Weight (%)
EQUINIX REIT INC 6.15
PROLOGIS REIT INC 5.09
WELLTOWER INC 4.80
AVALONBAY COMMUNITIES REIT INC 4.03
EXTRA SPACE STORAGE REIT INC 3.55
Name Weight (%)
MID AMERICA APARTMENT COMMUNITIES 3.14
AGREE REALTY REIT CORP 2.74
VICI PPTYS INC 2.62
MITSUBISHI ESTATE CO LTD 2.53
REGENCY CENTERS REIT CORP 2.52
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Jun.2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun.2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun.2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun.2024

% 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.

Portfolio Managers

Portfolio Managers

Raj Rehan
Raj Rehan
James Wilkinson
James Wilkinson
Benjamin Tai
Benjamin Tai

Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.