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Equity

BGF North American Equity Income Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The Fund utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The strategies utilised by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. Investors in this Fund should understand that capital growth is not a priority and values may fluctuate and the level of income may vary from time to time and is not guaranteed.

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

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Performance

Performance

  • Returns


The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged fund 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

Chart

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 14-Oct-19 USD 93.577
Base Currency U.S. Dollar
Fund Launch Date 09-Mar-12
Share Class launch date 09-Mar-12
Asset Class Equity
Morningstar Category US Large-Cap Blend Equity
Benchmark Index S&P 500 Net Dividends Reinvested Index (Net USD)
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0743604679
Bloomberg Ticker BNAD2RF
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B7MN2G5
Bloomberg Benchmark Ticker SPTR500N
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF North American Equity Income Fund, Class D2, as of 30-Sep-19 rated against 1360 US Large-Cap Blend Equity Funds.

Holdings

Holdings

as of 30-Sep-19
Name Weight (%)
VERIZON COMMUNICATIONS INC 4.23
JPMORGAN CHASE & CO 3.73
WELLS FARGO 3.62
MEDTRONIC PLC 3.33
CITIGROUP INC 3.27
Name Weight (%)
RAYTHEON 2.95
BANK OF AMERICA CORP 2.69
WILLIAMS INC 2.39
ARTHUR J GALLAGHER 2.37
COGNIZANT TECHNOLOGY SOLUTIONS COR 2.21
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-19

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class D2 USD None 19.42 -0.09 -0.46 19.91 16.32 - LU0743604679 - -
Class A5G USD Quarterly 15.74 -0.08 -0.51 16.23 13.54 - LU0743604596 - -
Class D5G Hedged GBP Quarterly 9.74 -0.04 -0.41 10.05 8.47 - LU0842062969 - -
Class A2 USD None 18.34 -0.09 -0.49 18.82 15.51 - LU0743604323 - -
Class D5GRF GBP Quarterly 20.14 0.04 0.20 21.37 17.16 - LU0871639380 - -

Portfolio Managers

Portfolio Managers

Tony DeSpirito
Tony DeSpirito
Franco Tapia, CFA
Franco Tapia, CFA
David Zhao
David Zhao

Literature

Literature