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.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund.

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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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 (%) -0.4 -0.5 -0.5 -0.5 -0.6 -0.1 3.4
Comparator Benchmark 1 (%) -0.5 -0.6 -0.6 -0.7 -0.7 0.0 3.3

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

  1y 3y 5y 10y Incept.
3.79 2.20 1.07 - 0.47
Comparator Benchmark 1 (%) 3.85 2.24 1.06 - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.45 0.25 0.83 1.64 3.79 6.75 5.49 - 4.00
Comparator Benchmark 1 (%) 3.50 0.26 0.85 1.81 3.85 6.86 5.43 - -
  From
30.09.2019
To
30.09.2020
From
30.09.2020
To
30.09.2021
From
30.09.2021
To
30.09.2022
From
30.09.2022
To
30.09.2023
From
30.09.2023
To
30.09.2024
Total Return (%)

as of 30.Sep.2024

-0.53 -0.64 -0.59 2.60 3.98
Comparator Benchmark 1 (%)

as of 30.Sep.2024

-0.66 -0.69 -0.46 2.60 3.96

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 13.Dec.2024
EUR 219,445,451
Fund Launch Date
24.Jul.2009
Fund Base Currency
EUR
Comparator Benchmark 1
Overnight ESTR
Initial Charge
0.00
Management Fee
0.00%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRERX2E
Share Class launch date
27.Jul.2016
Share Class Currency
EUR
Asset Class
Cash
SFDR Classification
Other
Ongoing Charges Figures
0.07%
ISIN
LU1456581872
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Money Market - Short Term
Dealing Frequency
Daily, forward pricing basis
SEDOL
BD82K53

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29.Nov.2024
3
Weighted Average Life
as of 13.Dec.2024
72 days
1-Day Yield
as of 13.Dec.2024
2.76%
Weighted Average Maturity
as of 13.Dec.2024
41 days
3y Beta
as of 30.Nov.2024
1.05

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.Nov.2024
0.00%
MSCI - Nuclear Weapons
as of 29.Nov.2024
0.00%
MSCI - Civilian Firearms
as of 29.Nov.2024
0.00%
MSCI - Tobacco
as of 29.Nov.2024
0.00%
MSCI - UN Global Compact Violators
as of 29.Nov.2024
0.00%
MSCI - Thermal Coal
as of 29.Nov.2024
0.00%
MSCI - Oil Sands
as of 29.Nov.2024
0.00%

Business Involvement Coverage
as of 29.Nov.2024
78.60%
Percentage of Fund not covered
as of 29.Nov.2024
21.40%
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

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.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
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 29.Nov.2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 12.Dec.2024

% of Market Value

Type Fund
as of 12.Dec.2024

% 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 X2 EUR 10.41 0.00 0.01 13.Dec.2024 10.41 10.03 LU1456581872
Class D2 EUR 76.61 0.01 0.01 13.Dec.2024 76.61 74.05 LU0432366796
Class A2 EUR 75.76 0.01 0.01 13.Dec.2024 75.76 73.38 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
9,960 EUR
-0.4%

Favourable

What you might get back after costs
Average return each year
10,430 EUR
4.3%

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



Literature

Literature

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