Cash

BGF Euro Reserve Fund

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.

Overview

Loading

Performance

Performance

Chart

Performance chart data not available for display.
View full chart

Reinvestments

 
  1y 3y 5y 10y Incept.
3.61 1.12 0.43 0.07 0.10
3.61 1.12 0.43 0.07 0.10
Benchmark (%) 3.83 1.38 0.56 0.07 0.13
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.27 0.31 0.87 1.89 3.61 3.38 2.18 0.70 1.44
1.27 0.31 0.87 1.89 3.61 3.38 2.18 0.70 1.44
Benchmark (%) 1.32 0.33 0.98 1.99 3.83 4.21 2.84 0.72 1.97
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 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

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
A Money Market Fund (MMF) is not a guaranteed investment vehicle. An investment in MMFs is different from an investment in deposits; the principal invested in an MMF is capable of fluctuation and the risk of loss of the principal is to be borne by the investor. The MMF does not rely on external support for guaranteeing the liquidity of the MMF or stabilising the NAV per share. Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. Loss of Capital: an automatic share redemption may occur which will reduce the number of shares held by each investor. This share redemption will result in a loss of capital to investors. Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.

Key Facts

Key Facts

Net Assets of Fund as of 17-May-2024 EUR 196,138,494
Share Class Inception Date 24-Jul-2009
Fund Inception 24-Jul-2009
Share Class Currency EUR
Fund Base Currency EUR
Asset Class Cash
Benchmark Overnight ESTR
SFDR Classification Other
Initial Charge 0.00%
ISIN LU0432365988
Management Fee (incl. Distribution Fee, if any) 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category EUR Money Market - Short Term
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BLRERA2
SEDOL B3P22J4
MAS ESG Fund No

According to the latest BGF prospectus, the management fee of the Fund is 0.45%. The management fee mentioned above is inclusive of a management fee waiver applied to the Fund. The amount of management fee waiver applied to a particular Share Class may fluctuate from day to day and may be discontinued at any time.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30-Apr-2024 3
Weighted Average Maturity as of 16-May-2024 42 days
Weighted Average Life as of 16-May-2024 56 days
3y Beta as of 30-Apr-2024 0.959
5Y Annualised Volatility as of 30-Apr-2024 0.50
Since Share Inception – Annualised Volatility as of 30-Apr-2024 0.31

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 30-Apr-2024 0.00%
MSCI - UN Global Compact Violators as of 30-Apr-2024 0.00%
MSCI - Nuclear Weapons as of 30-Apr-2024 0.00%
MSCI - Thermal Coal as of 30-Apr-2024 0.00%
MSCI - Civilian Firearms as of 30-Apr-2024 0.00%
MSCI - Oil Sands as of 30-Apr-2024 0.00%
MSCI - Tobacco as of 30-Apr-2024 0.00%

Business Involvement Coverage as of 30-Apr-2024 78.72%
Percentage of Fund not covered as of 30-Apr-2024 21.28%
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 considers ESG information in the research, security selection and portfolio review stages of the investment process. The Fund manager conducts bi-weekly credit meetings, wherein each credit is examined through an internal relative value analysis, which contains qualitative governance considerations combined with environmental, societal and governance metrics derived from third-party data providers, where available. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, where appropriate.

Ratings

Holdings

Holdings

Name Type Market Value Weight (%) Shares ISIN Maturity Maturity/Reset

Exposure Breakdowns

Exposure Breakdowns

as of 30-Apr-2024

% of Weight

Type Fund Benchmark Net
Sorry, markets/regions are not available at this time.
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 16-May-2024

% of Weight

Type Fund
as of 16-May-2024

% of Weight

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.
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 74.55 0.01 0.01 17-May-2024 74.55 71.92 LU0432365988
D2 EUR 75.30 0.01 0.01 17-May-2024 75.30 72.50 LU0432366796

Portfolio Managers

Portfolio Managers

Matt Clay
Matt Clay

Documents

Documents