Equity

BGF Multi-Theme Equity Fund

Investments in the technology securities are subject to absence or loss of intellectual property protections, rapid changes in technology, government regulation and competition. 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 and failed/delayed delivery of securities or payments to the Fund. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political 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. Investments in the new energy securities are subject to environmental concerns, taxes, government regulation, price and supply fluctuations. 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. Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.

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

Chart

Performance chart data not available for display.
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  1y 3y 5y 10y Incept.
-8.52 - - - 11.60
-13.09 - - - 9.23
Benchmark (%) -3.38 - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-10.72 0.70 -3.53 -1.03 -8.52 - - - 29.98
-15.19 -4.33 -8.35 -5.98 -13.09 - - - 23.48
Benchmark (%) -6.14 3.43 0.90 1.43 -3.38 - - - -
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.

Key Facts

Key Facts

Net Assets of Fund as of 07-Dec-2022 USD 181,629,379
Share Class Inception Date 10-Jul-2020
Fund Inception 10-Jul-2020
Share Class Currency EUR
Fund Base Currency USD
Asset Class Equity
Benchmark MSCI All Country World Net TR Index - in EUR
SFDR Classification Other
Initial Charge 5.00%
Management Fee (incl. Distribution Fee, if any) 1.25%
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 -
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGFMEAE
ISIN LU2123743424
SEDOL BLPHV09
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30-Nov-2022 16
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of 30-Nov-2022 0.00
P/B Ratio as of 30-Nov-2022 0.00
5Y Annualised Volatility as of - -
Since Share Inception – Annualised Volatility as of 30-Nov-2022 16.82

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-Sep-2022 AA
MSCI ESG % Coverage as of 21-Sep-2022 96.57
MSCI ESG Quality Score (0-10) as of 21-Sep-2022 8.35
MSCI ESG Quality Score - Peer Percentile as of 21-Sep-2022 39.05
Fund Lipper Global Classification as of 21-Sep-2022 Equity Global
Funds in Peer Group as of 21-Sep-2022 5,063
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Sep-2022 223.95
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Sep-2022 96.35
All data is from MSCI ESG Fund Ratings as of 21-Sep-2022, based on holdings as of 31-May-2022. 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% 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

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-Nov-2022 0.00%
MSCI - UN Global Compact Violators as of 30-Nov-2022 0.05%
MSCI - Nuclear Weapons as of 30-Nov-2022 0.00%
MSCI - Thermal Coal as of 30-Nov-2022 0.05%
MSCI - Civilian Firearms as of 30-Nov-2022 0.00%
MSCI - Oil Sands as of 30-Nov-2022 0.00%
MSCI - Tobacco as of 30-Nov-2022 0.04%

Business Involvement Coverage as of 30-Nov-2022 99.54%
Percentage of Fund not covered as of 30-Nov-2022 0.78%
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 0.24% 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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in the research, monitoring and reporting phases of the investment process. This includes both BlackRock and third-party research and feeds into the initial investment decision. When making buy, hold and sell decisions, the team takes into consideration competitive advantages of allocating to vehicles that provide access to companies with stronger ESG characteristics, within a given industry. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group as well as portfolio reviews with Chief Investment Officers. These reviews include discussion 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 30-Nov-2022
Name Weight (%)
BLACKROCK GLOBAL FUNDS - NEW ENERGY FUND 14.98
ISHARES S&P GLOBAL WATER 50 14.69
ISHARES V PLC - ISHARES S&P COMMODITY PRODUCERS AGRIBUSINESS 11.02
BGF CIRCULAR ECONOMY FUND 9.90
ISHARES GLOBAL INFRASTRUCTURE UCITS ETF USD (DIST) 7.99
Name Weight (%)
ISHARES AUTOMATION & ROBOTICS UCITS ETF 6.99
ISHARES DIGITAL SECURITY UCITS ETF USD ACC 6.97
ISHARES AGEING POPULATION UCITS ETF 6.12
ISHARES MSCI EM CONSUMERGROWTH UCITS ETF USD (ACC) 4.30
ISHARES HEALTHCARE INNOVATION UCITS ETF 4.05

Exposure Breakdowns

Exposure Breakdowns

as of 30-Nov-2022

% of Weight

Type Fund Benchmark Net
as of 30-Nov-2022

% of Weight

Type Fund Benchmark Net
as of 30-Nov-2022

% 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 30-Nov-2022

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
A2 EUR - 11.32 -0.11 -0.96 07-Dec-2022 13.00 10.50 LU2123743424 -
D2 GBP - 9.91 -0.10 -1.00 07-Dec-2022 11.07 9.15 LU2123743937 -
A2 USD - 11.90 -0.10 -0.83 07-Dec-2022 14.67 10.30 LU2123743341 -
D2 EUR - 11.50 -0.12 -1.03 07-Dec-2022 13.12 10.64 LU2123743853 -
A2 Hedged EUR - 10.49 -0.09 -0.85 07-Dec-2022 13.40 9.14 LU2242189152 -
D2 USD - 12.10 -0.10 -0.82 07-Dec-2022 14.81 10.46 LU2123743770 -
D2 Hedged EUR - 10.65 -0.08 -0.75 07-Dec-2022 13.50 9.27 LU2242189079 -

Ratings

Portfolio Managers

Portfolio Managers

Rafael Iborra
Rafael Iborra

Documents

Documents