Equity

BGF Asian Growth Leaders 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. 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. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.

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 8 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 5.3 35.6 -22.3 13.7 28.4 -6.3 -26.2 -1.9
Constraint Benchmark 1 (%) 5.4 41.7 -14.4 18.2 25.0 -4.7 -19.7 6.0

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

  1y 3y 5y 10y Incept.
3.70 -10.60 -0.11 - 2.42
Constraint Benchmark 1 (%) 12.89 -5.77 3.51 - 6.24
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.49 3.78 6.75 7.49 3.70 -28.55 -0.56 - 23.40
Constraint Benchmark 1 (%) 9.75 4.26 7.20 9.75 12.89 -16.33 18.81 - 70.45
  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

2.98 35.13 -28.89 -3.09 3.70
Constraint Benchmark 1 (%)

as of 30/Jun/2024

1.69 39.65 -25.03 -1.15 12.89

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 CHF, 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 22/Jul/2024
USD 483,730,449
Fund Launch Date
31/Oct/2012
Fund Base Currency
USD
Constraint Benchmark 1
MSCI All Country Asia ex Japan Index
Initial Charge
5.00%
ISIN
LU1279613878
Performance Fee
0.00%
Minimum Subsequent Investment
-
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGAD2CH
Share Class launch date
09/Sept/2015
Share Class Currency
CHF
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.07%
Annual Management Fee
0.75%
Minimum Initial Investment
CHF 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BZ6DKY1

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
49
3y Beta
as of 30/Jun/2024
0.928
P/B Ratio
as of 28/Jun/2024
3.55
Standard Deviation (3y)
as of 30/Jun/2024
18.52%
P/E Ratio
as of 28/Jun/2024
23.88

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 includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. 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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3
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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9.82
TENCENT HOLDINGS LTD 7.38
BANK CENTRAL ASIA TBK PT 3.90
AIA GROUP LTD 2.76
SK HYNIX INC 2.63
Name Weight (%)
SHENZHOU INTERNATIONAL GROUP HOLDINGS LTD 2.43
MEDIATEK INC 2.39
AXIS BANK LTD 2.37
DELTA ELECTRONICS INC 2.32
NETEASE INC 2.30
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
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 CHF 12.04 -0.04 -0.33 22/Jul/2024 12.67 10.59 LU1279613878
Class A2 Hedged EUR 11.78 -0.04 -0.34 22/Jul/2024 12.40 10.26 LU1279613951
Class I2 USD 15.62 -0.05 -0.32 22/Jul/2024 16.44 13.33 LU1091682382
Class S2 Hedged SGD 11.38 -0.04 -0.35 22/Jul/2024 11.98 9.85 LU1992158094
Class I4 USD 9.79 -0.03 -0.31 22/Jul/2024 10.30 8.35 LU1800013101
Class A2 Hedged CHF 11.26 -0.03 -0.27 22/Jul/2024 11.85 9.95 LU1279613795
Class I5 GBP GBP 10.70 -0.03 -0.28 22/Jul/2024 11.33 9.54 LU2054448829
Class A2 Hedged AUD 12.83 -0.04 -0.31 22/Jul/2024 13.51 11.16 LU1121335696
Class D3 USD 9.40 -0.04 -0.42 22/Jul/2024 9.90 8.09 LU1741217456
Class D2 Hedged EUR 12.61 -0.04 -0.32 22/Jul/2024 13.27 10.92 LU1279614090
Class S2 Hedged CHF 10.24 -0.04 -0.39 22/Jul/2024 10.78 9.00 LU1992156122
Class D2 USD 21.48 -0.07 -0.32 22/Jul/2024 22.60 18.37 LU0859042482
Class I2 EUR 14.36 -0.04 -0.28 22/Jul/2024 15.10 12.48 LU1791182626
Class D2 Hedged SGD 10.17 -0.03 -0.29 22/Jul/2024 10.70 8.81 LU1862385751
Class A2 USD 19.98 -0.07 -0.35 22/Jul/2024 21.03 17.18 LU0821914370
Class D2 GBP 16.62 -0.05 -0.30 22/Jul/2024 17.52 14.74 LU1085282496
Class S2 USD 12.00 -0.03 -0.25 22/Jul/2024 12.62 10.25 LU1992157872
Class A2 Hedged SGD 13.83 -0.05 -0.36 22/Jul/2024 14.56 12.05 LU1048596156
Class S2 Hedged EUR 10.53 -0.04 -0.38 22/Jul/2024 11.08 9.11 LU1992155744
Class D2 EUR 19.74 -0.06 -0.30 22/Jul/2024 20.76 17.19 LU1578216449
Class S2 Hedged GBP 11.22 -0.04 -0.36 22/Jul/2024 11.80 9.61 LU1992157955

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Karthik Sankaran
Karthik Sankaran

Literature

Literature