Equity

BGF World Energy 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 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -15,8 -29,9 27,1 -1,1 -21,9 10,1 -30,4 40,6 38,9 1,7
Constraint Benchmark 1 (%) -11,8 -23,5 27,8 5,4 -16,3 12,3 -29,8 39,3 42,2 4,4

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

  1y 3y 5y 10y Incept.
15,57 22,24 7,95 -0,43 -2,20
Constraint Benchmark 1 (%) 18,47 23,06 9,26 2,88 2,18
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
9,13 8,63 9,13 3,07 15,57 82,64 46,57 -4,21 -29,50
Constraint Benchmark 1 (%) 9,30 9,15 9,30 6,59 18,47 86,38 55,68 32,85 40,33
  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

-45,53 47,33 54,92 2,01 15,57
Constraint Benchmark 1 (%)

as of 31.Mar.2024

-46,44 55,95 49,67 5,11 18,47

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 SGD, 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 16.Apr.2024 USD 2 452 824 330
Share Class launch date 08.Jul.2008
Fund Launch Date 15.Mar.2001
Share Class Currency SGD
Fund Base Currency USD
Asset Class Equity
Constraint Benchmark 1 MSCI World Energy 30% Buffer 10/40 NET Index
SFDR Classification Other
Initial Charge 5,00%
Ongoing Charges Figures 2,05%
ISIN LU0368265418
Annual Management Fee 1,75%
Performance Fee 0,00%
Minimum Initial Investment SGD 5 000,00
Minimum Subsequent Investment SGD 1 000,00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Other Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGWEA2H
SEDOL B3BB1N2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28.Mar.2024 31
Standard Deviation (3y) as of 31.Mar.2024 24,83%
3y Beta as of 31.Mar.2024 0,986
P/E Ratio as of 28.Mar.2024 10,70
P/B Ratio as of 28.Mar.2024 2,10

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 21.Mar.2024 A
MSCI ESG % Coverage as of 21.Mar.2024 99,97
MSCI ESG Quality Score (0-10) as of 21.Mar.2024 7,13
MSCI ESG Quality Score - Peer Percentile as of 21.Mar.2024 65,75
Fund Lipper Global Classification as of 21.Mar.2024 Equity Sector Energy
Funds in Peer Group as of 21.Mar.2024 146
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21.Mar.2024 366,87
MSCI Weighted Average Carbon Intensity % Coverage as of 21.Mar.2024 99,32
All data is from MSCI ESG Fund Ratings as of 21.Mar.2024, based on holdings as of 31.Oct.2023. 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 28.Mar.2024 0,00%
MSCI - UN Global Compact Violators as of 28.Mar.2024 0,00%
MSCI - Nuclear Weapons as of 28.Mar.2024 0,00%
MSCI - Thermal Coal as of 28.Mar.2024 0,00%
MSCI - Civilian Firearms as of 28.Mar.2024 0,00%
MSCI - Oil Sands as of 28.Mar.2024 6,95%
MSCI - Tobacco as of 28.Mar.2024 0,00%

Business Involvement Coverage as of 28.Mar.2024 99,35%
Percentage of Fund not covered as of 28.Mar.2024 0,77%
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 47,44%.

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 criteria in combination with other information during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from third-party vendors, as well as internal engagement commentary and site visits and input from BlackRock Investment Stewardship. 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

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF World Energy Fund, Class A2 Hedged, as of 31.Jul.2018 rated against 228 Other Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - Silver
Morningstar has awarded the Fund a Silver medal. (Effective 03.Apr.2012)

Holdings

Holdings

as of 28.Mar.2024
Name Weight (%)
SHELL PLC 9,78
EXXON MOBIL CORP 8,99
BP PLC 6,47
TOTALENERGIES SE 5,57
HESS CORP 4,89
Name Weight (%)
CONOCOPHILLIPS 4,87
CANADIAN NATURAL RESOURCES LTD 4,86
MARATHON PETROLEUM CORP 4,83
CHEVRON CORP 4,78
VALERO ENERGY CORPORATION 4,62
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Mar.2024

% of Market Value

Type Fund Benchmark Net
as of 28.Mar.2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 28.Mar.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 A2 Hedged SGD 7,11 -0,15 -2,07 16.Apr.2024 7,39 5,70 LU0368265418
Class X10 USD 10,84 -0,23 -2,08 16.Apr.2024 11,26 8,95 LU2471418553
Class X2 USD 38,60 -0,80 -2,03 16.Apr.2024 40,07 29,95 LU0147400401
Class D2 Hedged CHF 7,52 -0,15 -1,96 16.Apr.2024 7,81 6,09 LU0827888834
Class D2 USD 30,35 -0,62 -2,00 16.Apr.2024 31,51 23,81 LU0252969075
Class D2 Hedged EUR 7,37 -0,15 -1,99 16.Apr.2024 7,66 5,86 LU0326422333
Class I2 Hedged EUR 7,60 -0,16 -2,06 16.Apr.2024 7,90 6,04 LU0368235932
Class A2 Hedged CHF 6,90 -0,15 -2,13 16.Apr.2024 7,17 5,63 LU0589470672
Class A2 USD 26,48 -0,55 -2,03 16.Apr.2024 27,50 20,91 LU0122376428
Class A4 GBP 19,04 -0,37 -1,91 16.Apr.2024 19,77 15,20 LU0204068364
Class A10 USD 10,90 -0,23 -2,07 16.Apr.2024 11,32 9,16 LU2533724600
Class A4 EUR 22,38 -0,45 -1,97 16.Apr.2024 23,21 17,78 LU0408222247
Class A2 Hedged EUR 6,54 -0,13 -1,95 16.Apr.2024 6,79 5,24 LU0326422176
Class A2 EUR 24,91 -0,50 -1,97 16.Apr.2024 25,84 19,51 LU0171301533
Class I5 USD 11,77 -0,25 -2,08 16.Apr.2024 12,22 9,80 LU2629201513
Class D2 EUR 28,55 -0,57 -1,96 16.Apr.2024 29,61 22,21 LU0252963896
Class X2 EUR 36,31 -0,73 -1,97 16.Apr.2024 37,66 27,93 LU0214281593
Class D4 EUR 22,52 -0,45 -1,96 16.Apr.2024 23,36 17,90 LU0827888677
Class I2 EUR 28,73 -0,58 -1,98 16.Apr.2024 29,80 23,97 LU2708802744
Class D4 GBP 19,30 -0,37 -1,88 16.Apr.2024 20,04 15,41 LU0630472362
Class I2 USD 30,55 -0,62 -1,99 16.Apr.2024 31,71 23,91 LU0368250907
Class D4 USD 23,94 -0,49 -2,01 16.Apr.2024 24,86 19,19 LU0827888750
Class A2 Hedged AUD 9,53 -0,20 -2,06 16.Apr.2024 9,91 7,62 LU1023058172
Class A2 Hedged HKD 12,08 -0,25 -2,03 16.Apr.2024 12,55 9,61 LU0788109394

Portfolio Managers

Portfolio Managers

Alastair Bishop
Alastair Bishop
Mark Hume
Director and Portfolio Manager

Mark HumeDirector and Portfolio Manager is a member of the Thematic and Sector team within BlackRock's Fundamental Equity division. Mr. Hume co-manages Energy strategies (BGF World Energy, BlackRock Energy & Resources Trust, BlackRock Energy Opportunities) as well as the BlackRock Energy & Resources Income Trust.

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 SGD 15 000
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
7 760 SGD
-48,3%
1 000 SGD
-41,8%

Unfavourable

What you might get back after costs
Average return each year
7 760 SGD
-48,3%
6 360 SGD
-15,8%

Moderate

What you might get back after costs
Average return each year
14 140 SGD
-5,8%
12 110 SGD
-4,2%

Favourable

What you might get back after costs
Average return each year
28 440 SGD
89,6%
21 710 SGD
7,7%

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.