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.

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 invests in a limited number of market sectors. Compared to investments which spread investment risk through investing in a variety of sectors, share price movements may have a greater effect on the overall value of this fund. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability.

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

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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 (%) -15.1 -30.4 27.4 -1.7 -23.1 8.7 -29.3 40.2 36.2 2.0
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.
14.88 17.29 7.68 -2.10 -2.84
Constraint Benchmark 1 (%) 17.06 18.99 9.30 1.52 2.58
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.49 -0.69 -1.64 7.49 14.88 61.35 44.76 -19.14 -36.74
Constraint Benchmark 1 (%) 7.62 -1.88 -1.54 7.62 17.06 68.48 55.97 16.34 50.01
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30/Jun/2024

-36.90 42.17 34.16 4.69 14.88
Constraint Benchmark 1 (%)

as of 30/Jun/2024

-35.45 43.42 29.36 11.27 17.06

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 15/Jul/2024
USD 2,392,887,259
Fund Launch Date
15/Mar/2001
Fund Base Currency
USD
Constraint Benchmark 1
MSCI World Energy 30% Buffer 10-40 Index
Initial Charge
5.00%
ISIN
LU0326422333
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MERWEUD
Share Class launch date
28/Jul/2008
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.30%
Annual Management Fee
1.00%
Minimum Initial Investment
EUR 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B43HLW4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
31
3y Beta
as of 30/Jun/2024
0.986
P/B Ratio
as of 28/Jun/2024
2.08
Standard Deviation (3y)
as of 30/Jun/2024
24.95%
P/E Ratio
as of 28/Jun/2024
10.58

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 Medalist Rating

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

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
SHELL PLC 9.73
EXXON MOBIL CORP 8.88
BP PLC 5.85
TOTALENERGIES SE 5.60
WILLIAMS COMPANIES INC 4.87
Name Weight (%)
HESS CORP 4.86
MARATHON PETROLEUM CORP 4.81
CHEVRON CORP 4.75
CANADIAN NATURAL RESOURCES LTD 4.50
CONOCOPHILLIPS 4.45
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 28/Jun/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 D2 Hedged EUR 7.23 0.06 0.84 15/Jul/2024 7.66 6.30 LU0326422333
Class I2 Hedged EUR 7.46 0.06 0.81 15/Jul/2024 7.90 6.50 LU0368235932
Class I2 USD 30.10 0.22 0.74 15/Jul/2024 31.71 25.83 LU0368250907
Class A2 Hedged AUD 9.34 0.07 0.76 15/Jul/2024 9.91 8.17 LU1023058172
Class D2 EUR 27.38 0.15 0.55 15/Jul/2024 29.61 22.92 LU0252963896
Class D4 EUR 21.60 0.12 0.56 15/Jul/2024 23.36 18.48 LU0827888677
Class I5 USD 11.54 0.08 0.70 15/Jul/2024 12.22 10.09 LU2629201513
Class A2 USD 26.04 0.20 0.77 15/Jul/2024 27.50 22.57 LU0122376428
Class A4 GBP 17.94 0.11 0.62 15/Jul/2024 19.77 15.68 LU0204068364
Class D4 GBP 18.21 0.11 0.61 15/Jul/2024 20.04 15.92 LU0630472362
Class D2 Hedged CHF 7.33 0.06 0.83 15/Jul/2024 7.81 6.45 LU0827888834
Class D2 USD 29.89 0.22 0.74 15/Jul/2024 31.51 25.72 LU0252969075
Class A2 Hedged SGD 6.96 0.05 0.72 15/Jul/2024 7.39 6.10 LU0368265418
Class I2 EUR 27.58 0.16 0.58 15/Jul/2024 29.80 23.97 LU2708802744
Class A10 USD 10.51 0.08 0.77 15/Jul/2024 11.32 9.49 LU2533724600
Class D4 USD 23.58 0.18 0.77 15/Jul/2024 24.86 20.42 LU0827888750
Class A2 EUR 23.85 0.13 0.55 15/Jul/2024 25.84 20.11 LU0171301533
Class A2 Hedged EUR 6.40 0.05 0.79 15/Jul/2024 6.79 5.60 LU0326422176
Class A4 EUR 21.43 0.12 0.56 15/Jul/2024 23.21 18.33 LU0408222247
Class A2 Hedged CHF 6.72 0.05 0.75 15/Jul/2024 7.17 5.94 LU0589470672
Class A2 Hedged HKD 11.84 0.09 0.77 15/Jul/2024 12.55 10.35 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.

Literature

Literature