Equity

BGF Asian Dragon 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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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 8 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 9,4 39,2 -16,5 21,9 22,0 -3,6 -17,6 2,7
Constraint Benchmark 1 (%) 5,4 41,7 -14,4 18,2 25,0 -4,7 -19,7 6,0

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

  1y 3y 5y 10y Incept.
3,64 -7,67 3,27 - 3,48
Constraint Benchmark 1 (%) 11,23 -7,11 3,96 - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2,47 -0,15 3,01 5,32 3,64 -21,30 17,44 - 36,70
Constraint Benchmark 1 (%) 5,27 1,56 5,43 8,97 11,23 -19,85 21,46 - -
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31.Mar.2024

-14,19 57,90 -13,07 -6,30 -1,59
Constraint Benchmark 1 (%)

as of 31.Mar.2024

-13,44 57,31 -14,64 -8,90 3,99

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 USD, 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

Key Facts

Key Facts

Net Assets of Fund
as of 24.Jun.2024
USD 767 038 967
Fund Launch Date
02.Jan.1997
Fund Base Currency
USD
Constraint Benchmark 1
MSCI AC Asia Ex Japan Index
Initial Charge
0,00%
ISIN
LU1214678440
Performance Fee
0,00%
Minimum Subsequent Investment
-
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGADI2U
Share Class launch date
08.Apr.2015
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
0,79%
Annual Management Fee
0,75%
Minimum Initial Investment
USD 10 000 000,00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Asia ex-Japan Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BWT5V40

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31.May.2024
58
3y Beta
as of 31.May.2024
0,935
P/B Ratio
as of 31.May.2024
2,37
Standard Deviation (3y)
as of 31.May.2024
18,35%
P/E Ratio
as of 31.May.2024
17,63

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.

The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of 19.May.2024
A
MSCI ESG Quality Score (0-10)
as of 19.May.2024
6,60
Fund Lipper Global Classification
as of 19.May.2024
Equity Asia Pacific ex Japan
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 19.May.2024
91,35
MSCI ESG % Coverage
as of 19.May.2024
99,70
MSCI ESG Quality Score - Peer Percentile
as of 19.May.2024
53,52
Funds in Peer Group
as of 19.May.2024
682
MSCI Weighted Average Carbon Intensity % Coverage
as of 19.May.2024
97,96
All data is from MSCI ESG Fund Ratings as of 19.May.2024, based on holdings as of 31.Jan.2024. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

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.May.2024
0,00%
MSCI - Nuclear Weapons
as of 31.May.2024
0,00%
MSCI - Civilian Firearms
as of 31.May.2024
0,00%
MSCI - Tobacco
as of 31.May.2024
0,00%
MSCI - UN Global Compact Violators
as of 31.May.2024
1,31%
MSCI - Thermal Coal
as of 31.May.2024
1,16%
MSCI - Oil Sands
as of 31.May.2024
0,00%

Business Involvement Coverage
as of 31.May.2024
99,57%
Percentage of Fund not covered
as of 31.May.2024
0,37%
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 1,16% 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 combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

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

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Asian Dragon Fund, Class I2, as of 31.May.2024 rated against 920 Asia ex-Japan Equity Funds.

Holdings

Holdings

as of 31.May.2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9,64
TENCENT HOLDINGS LTD 7,35
SAMSUNG ELECTRONICS CO LTD 6,10
AIA GROUP LTD 2,89
OVERSEA-CHINESE BANKING CORPORATION LTD 2,77
Name Weight (%)
PDD HOLDINGS INC 2,66
RELIANCE INDUSTRIES LTD 2,66
AXIS BANK LTD 2,38
NETEASE INC 2,32
BANK CENTRAL ASIA TBK PT 2,08
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31.May.2024

% of Market Value

Type Fund Benchmark Net
as of 31.May.2024

% of Market Value

Type Fund Benchmark Net
as of 31.May.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.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class I2 USD 14,23 -0,06 -0,42 24.Jun.2024 14,43 12,35 LU1214678440
Class I2 Hedged AUD 10,64 -0,05 -0,47 24.Jun.2024 10,80 9,34 LU1664188957
Class A2 USD 46,36 -0,21 -0,45 24.Jun.2024 47,05 40,52 LU0072462343
Class X4 GBP 33,86 -0,31 -0,91 24.Jun.2024 34,38 29,81 LU0462858753
Class A4 GBP 34,88 -0,32 -0,91 24.Jun.2024 35,42 30,93 LU0204061278
Class A2 EUR 43,15 -0,44 -1,01 24.Jun.2024 43,85 37,76 LU0171269466
Class D2 Hedged EUR 13,48 -0,06 -0,44 24.Jun.2024 13,70 11,87 LU1279613522
Class I4 EUR 12,11 -0,12 -0,98 24.Jun.2024 12,30 10,55 LU1330249480
Class A2 Hedged EUR 12,61 -0,06 -0,47 24.Jun.2024 12,91 11,15 LU1279613365
Class D2 Hedged CHF 12,94 -0,06 -0,46 24.Jun.2024 13,41 11,56 LU1279613282
Class I2 EUR 13,24 -0,13 -0,97 24.Jun.2024 13,45 11,54 LU1250987382
Class X2 USD 59,91 -0,27 -0,45 24.Jun.2024 60,78 51,76 LU0462857276
Class A2 Hedged CHF 12,13 -0,05 -0,41 24.Jun.2024 12,66 10,88 LU1279613100
Class A2 GBP 36,53 -0,34 -0,92 24.Jun.2024 37,09 32,40 LU0171270639
Class D2 GBP 41,31 -0,37 -0,89 24.Jun.2024 41,94 36,52 LU0827875187
Class A2 Hedged PLN 126,93 -0,58 -0,45 24.Jun.2024 128,81 111,36 LU1499592209
Class I4 GBP 10,24 -0,09 -0,87 24.Jun.2024 10,40 9,04 LU1260044513
Class D2 USD 52,42 -0,24 -0,46 24.Jun.2024 53,19 45,60 LU0411709560
Class D4 GBP 35,41 -0,32 -0,90 24.Jun.2024 35,95 31,30 LU0827875260
Class D2 EUR 48,79 -0,50 -1,01 24.Jun.2024 49,58 42,56 LU0329592298
Class I4 USD 13,00 -0,06 -0,46 24.Jun.2024 13,19 11,28 LU1250982748
Class A2 Hedged AUD 14,06 -0,07 -0,50 24.Jun.2024 14,40 12,42 LU1023056804
Class A2 Hedged SGD 13,59 -0,06 -0,44 24.Jun.2024 13,92 12,03 LU1048588211
Class D2 Hedged AUD 21,66 -0,10 -0,46 24.Jun.2024 22,01 19,04 LU1697774625

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Lucy Liu (INV)
Lucy Liu (INV)

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 USD 10 000
Scenario
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
6 630 USD
-33,7%
3 180 USD
-20,5%

Unfavourable

What you might get back after costs
Average return each year
6 630 USD
-33,7%
7 870 USD
-4,7%

Moderate

What you might get back after costs
Average return each year
10 230 USD
2,3%
12 990 USD
5,4%

Favourable

What you might get back after costs
Average return each year
15 790 USD
57,9%
22 210 USD
17,3%

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.