Equity

BGF Global Long-Horizon Equity Fund

Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets, failed/delayed delivery of securities or payments to the Fund and sustainability-related risks. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Active management of currency exposure through derivatives may make the Fund more sensitive to changes in foreign exchange rates. If the currency exposures against which the Fund is hedged appreciates investors may not benefit from such appreciation. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

Overview

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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

Performance

Performance

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Reinvestments

 
  1y 3y 5y 10y Incept.
11.11 8.28 11.57 10.40 5.74
5.56 6.44 10.43 9.83 5.50
Benchmark (%) 20.68 10.96 11.64 11.05 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.47 3.56 10.50 8.74 11.11 26.94 72.85 168.86 254.19
1.14 -1.61 4.98 3.30 5.56 20.60 64.21 155.42 236.48
Benchmark (%) 7.08 4.69 10.85 11.99 20.68 36.61 73.42 185.24 -
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

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 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 27-Mar-2024 USD 1,413,876,258
Share Class Inception Date 28-Jun-2001
Fund Inception 29-Feb-1996
Share Class Currency EUR
Fund Base Currency USD
Asset Class Equity
Benchmark MSCI All Country World Index
SFDR Classification Article 8
Initial Charge 5.00%
ISIN LU0171285314
Management Fee (incl. Distribution Fee, if any) 1.50%
Performance Fee 0.00%
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment -
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Large-Cap Growth Equity
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker MIGGLII
SEDOL B03R568
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 29-Feb-2024 29
Standard Deviation (3y) as of 29-Feb-2024 15.29%
3y Beta as of 29-Feb-2024 1.007
P/E Ratio as of 29-Feb-2024 29.54
P/B Ratio as of 29-Feb-2024 5.21
5Y Annualised Volatility as of 29-Feb-2024 15.97
Since Share Inception – Annualised Volatility as of 29-Feb-2024 15.92

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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

Business Involvement Coverage as of 29-Feb-2024 99.95%
Percentage of Fund not covered as of 29-Feb-2024 0.05%
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 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.

Holdings

Holdings

as of 29-Feb-2024
Name Weight (%)
MICROSOFT CORP 6.99
AMAZON COM INC 5.09
MASTERCARD INC CLASS A 4.52
SERVICENOW INC 4.49
LVMH 4.45
Name Weight (%)
INTERCONTINENTAL EXCHANGE INC 4.30
UNITEDHEALTH GROUP INC 4.30
OTIS WORLDWIDE CORP 4.23
AMERICAN EXPRESS 4.09
APPLIED MATERIAL INC 4.01

Exposure Breakdowns

Exposure Breakdowns

as of 29-Feb-2024

% of Weight

Type Fund Benchmark Net
as of 29-Feb-2024

% of Weight

Type Fund Benchmark Net
as of 29-Feb-2024

% of Weight

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 29-Feb-2024

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 EUR 88.03 0.08 0.09 27-Mar-2024 88.60 72.92 LU0171285314
A4 GBP 27.85 -0.02 -0.07 27-Mar-2024 28.02 23.48 LU1153585291
A2 Hedged SGD 21.64 -0.03 -0.14 27-Mar-2024 21.91 17.67 LU1153585457
D4 GBP 28.99 -0.02 -0.07 27-Mar-2024 29.16 24.36 LU1153585374
A4 USD 23.30 -0.04 -0.17 27-Mar-2024 23.59 18.90 LU1153585028
A2 USD 95.21 -0.14 -0.15 27-Mar-2024 96.39 77.20 LU0011850046
D2 USD 104.26 -0.15 -0.14 27-Mar-2024 105.54 84.28 LU0368270509
D2 EUR 96.40 0.09 0.09 27-Mar-2024 97.02 79.61 LU0827882639

Ratings

Ratings

Morningstar Rating

3 stars
As of 29-Feb-2024

Portfolio Managers

Portfolio Managers

Olivia Treharne
Olivia Treharne
Molly Greenen
Molly Greenen

Documents

Documents