Equity

BGF Systematic Global Equity High Income 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 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. Risk to Capital Growth: The Fund may pursue investment strategies using derivatives in order to generate income which may have the effect of reducing capital and the potential for long-term capital growth as well as increasing any capital losses.

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

Chart

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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 (%) 6.1 -5.0 3.9 15.9 -12.1 13.8 6.8 15.9 -17.6 12.7
Constraint Benchmark 1 (%) 11.0 2.8 7.4 17.9 -1.6 21.1 2.7 13.9 -10.3 7.7

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
15.46 2.62 5.46 3.77 2.17
Constraint Benchmark 1 (%) 9.08 2.60 4.68 6.75 6.42
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
10.43 2.73 3.19 10.43 15.46 8.07 30.46 44.72 45.81
Constraint Benchmark 1 (%) 5.07 1.18 0.35 5.07 9.08 8.00 25.67 92.19 197.47
  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

-6.38 28.95 -12.52 7.00 15.46
Constraint Benchmark 1 (%)

as of 30/Jun/2024

-2.50 19.35 -6.40 5.79 9.08

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 12/Jul/2024
USD 6,121,699,497
Fund Launch Date
13/Oct/2006
Fund Base Currency
USD
Constraint Benchmark 1
MSCI ACWI Minimum Volatility Index
Initial Charge
5.00%
ISIN
LU0278718100
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
MLGEEEA
Share Class launch date
20/Dec/2006
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.80%
Annual Management Fee
1.50%
Minimum Initial Investment
EUR 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B43MP27

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
351
3y Beta
as of 31/Dec/2018
0.896
P/B Ratio
as of 28/Jun/2024
2.81
Standard Deviation (3y)
as of 30/Jun/2024
12.74%
P/E Ratio
as of 28/Jun/2024
19.23

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 may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). 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 metrics, and other factors.

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
AMAZON.COM INC 4.12
APPLE INC 3.84
NVIDIA CORPORATION 3.72
MICROSOFT CORPORATION 3.68
VISA INC 2.46
Name Weight (%)
ALPHABET INC 2.41
MERCK & CO INC 2.29
COCA-COLA CO 2.17
MARSH & MCLENNAN COMPANIES INC 2.08
NOVO NORDISK A/S 2.04
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.
Sorry, market cap data is not available at this time.
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 A2 Hedged EUR 11.86 -0.03 -0.25 12/Jul/2024 11.89 9.58 LU0278718100
Class SR2 USD 12.60 -0.03 -0.24 12/Jul/2024 12.63 9.98 LU2471418041
Class A6 Hedged GBP 7.86 -0.02 -0.25 12/Jul/2024 7.88 6.62 LU1116319994
Class A6 USD 8.93 -0.02 -0.22 12/Jul/2024 8.95 7.50 LU1116320737
Class D5G Hedged GBP 9.82 -0.02 -0.20 12/Jul/2024 9.84 8.21 LU2325744022
Class D4G USD 11.03 -0.02 -0.18 12/Jul/2024 11.05 8.74 LU2448342563
Class I5G USD 11.47 -0.03 -0.26 12/Jul/2024 11.50 9.53 LU1379101360
Class A2 USD 21.23 -0.05 -0.23 12/Jul/2024 21.28 16.93 LU0265550359
Class D6 USD 11.53 -0.03 -0.26 12/Jul/2024 11.56 9.62 LU2490080954
Class A8 Hedged CAD 8.48 -0.02 -0.24 12/Jul/2024 8.50 7.13 LU1116320497
Class A8 Hedged AUD 8.42 -0.02 -0.24 12/Jul/2024 8.44 7.08 LU1116320141
Class SR6 USD 10.67 -0.02 -0.19 12/Jul/2024 10.69 8.90 LU2471418397
Class A5G USD 5.40 -0.02 -0.37 12/Jul/2024 5.42 4.53 LU0265550946
Class A8 Hedged NZD 8.52 -0.02 -0.23 12/Jul/2024 8.54 7.17 LU1116319648
Class D6 Hedged SGD 9.31 -0.02 -0.21 12/Jul/2024 9.33 7.87 LU2381873202
Class A6 Hedged CHF 10.88 -0.03 -0.27 12/Jul/2024 10.91 9.43 LU2655522931
Class A6 Hedged HKD 83.75 -0.23 -0.27 12/Jul/2024 83.98 70.84 LU1116320901
Class I2 EUR 18.97 -0.06 -0.32 12/Jul/2024 19.03 15.31 LU1791805960
Class I3 USD 11.14 -0.03 -0.27 12/Jul/2024 11.17 9.29 LU1630945258
Class A6 Hedged SGD 9.05 -0.03 -0.33 12/Jul/2024 9.08 7.70 LU2381873111
Class A6 Hedged JPY 1,076.00 -3.00 -0.28 12/Jul/2024 1,079.00 940.00 LU2655522857
Class A5G Hedged EUR 3.53 -0.01 -0.28 12/Jul/2024 3.54 3.00 LU0278719090
Class A2 Hedged CHF 11.14 -0.03 -0.27 12/Jul/2024 11.17 9.15 LU2315843826
Class A4G Hedged CHF 9.79 -0.03 -0.31 12/Jul/2024 9.82 8.04 LU2448342480
Class D2 USD 24.13 -0.06 -0.25 12/Jul/2024 24.19 19.12 LU0368268602
Class D5G Hedged EUR 9.46 -0.03 -0.32 12/Jul/2024 9.49 7.99 LU2315843586
Class I4G USD 11.09 -0.03 -0.27 12/Jul/2024 11.12 8.77 LU2448342217
Class D4G Hedged CHF 10.00 -0.03 -0.30 12/Jul/2024 10.03 8.16 LU2448342647
Class D5G USD 6.07 -0.01 -0.16 12/Jul/2024 6.08 5.05 LU0265552215
Class I5G Hedged EUR 9.29 -0.02 -0.21 12/Jul/2024 9.31 7.83 LU2319964198
Class A5G Hedged CHF 8.89 -0.02 -0.22 12/Jul/2024 8.91 7.68 LU2315843669
Class A2 Hedged JPY 1,050.00 -3.00 -0.28 12/Jul/2024 1,053.00 1,000.00 LU2796517071
Class D2 Hedged CHF 11.48 -0.03 -0.26 12/Jul/2024 11.51 9.36 LU2315844048
Class A2 Hedged SGD 16.44 -0.04 -0.24 12/Jul/2024 16.48 13.28 LU0326426086
Class A4G USD 10.79 -0.03 -0.28 12/Jul/2024 10.82 8.61 LU2448342308
Class A6 Hedged EUR 10.93 -0.03 -0.27 12/Jul/2024 10.96 9.30 LU2641782821
Class A8 Hedged ZAR 105.47 -0.26 -0.25 12/Jul/2024 105.73 88.25 LU2250418733
Class A2 Hedged HKD 123.99 -0.33 -0.27 12/Jul/2024 124.32 99.64 LU2290526081
Class I5G Hedged CHF 9.00 -0.02 -0.22 12/Jul/2024 9.02 7.71 LU2319964271
Class A8 Hedged CNH 88.74 -0.23 -0.26 12/Jul/2024 88.97 74.89 LU1149717743
Class D2 Hedged EUR 13.16 -0.04 -0.30 12/Jul/2024 13.20 10.57 LU0827880930

Portfolio Managers

Portfolio Managers

Robert Fisher

Robert Fisher, CFA, Managing Director and Senior Portfolio Manager, is a member of the London-based portfolio management group in BlackRock's Systematic Active Equity (SAE) team. He is primarily responsible for managing global income and defensive strategies.

Andrew Huzzey
Andrew Huzzey
Muzo Kayacan
Muzo Kayacan

Literature

Literature