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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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 2 years.

  2019 2020 2021 2022 2023
Total Return (%) -17.4 10.6
Constraint Benchmark 1 (%) -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.
22.20 1.86 - - 3.21
Constraint Benchmark 1 (%) 21.88 4.06 - - 5.65
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
11.56 -1.90 2.20 7.54 22.20 5.68 - - 12.00
Constraint Benchmark 1 (%) 12.50 -2.51 2.95 10.33 21.88 12.69 - - 21.76
  From
30-Sept-2019
To
30-Sept-2020
From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

- - -18.64 10.40 21.71
Constraint Benchmark 1 (%)

as of 30/Sept/2024

- - -12.12 9.76 22.87

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 13/Nov/2024
USD 6,639,839,012
Fund Launch Date
13/Oct/2006
Fund Base Currency
USD
Constraint Benchmark 1
MSCI ACWI Minimum Volatility Index
Initial Charge
5.00%
Management Fee
1.50%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MLGEHAG
Share Class launch date
31/Mar/2021
Share Class Currency
CHF
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.80%
ISIN
LU2315843669
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BNC2402

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
329
Standard Deviation (3y)
as of 31/Oct/2024
12.40%
P/E Ratio
as of 31/Oct/2024
20.42
12 Month Trailing Dividend Distribution Yield
as of 31/Oct/2024
6.70
3y Beta
as of -
-
P/B Ratio
as of 31/Oct/2024
2.93

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

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 31/Oct/2024
Name Weight (%)
MICROSOFT CORPORATION 3.89
APPLE INC 3.64
AMAZON.COM INC 3.64
NVIDIA CORPORATION 3.47
ALTRIA GROUP INC 2.45
Name Weight (%)
WALMART INC 2.44
CME GROUP INC 2.23
MERCK & CO INC 1.79
GARMIN LTD 1.74
PROCTER & GAMBLE CO 1.69
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/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 A5G Hedged CHF 8.95 -0.02 -0.22 13/Nov/2024 9.04 7.97 LU2315843669
Class SR6 USD 10.82 -0.03 -0.28 13/Nov/2024 10.92 9.24 LU2471418397
Class A6 Hedged CHF 10.87 -0.03 -0.28 13/Nov/2024 11.04 9.76 LU2655522931
Class A6 Hedged SGD 9.10 -0.02 -0.22 13/Nov/2024 9.21 7.99 LU2381873111
Class I5G USD 11.73 -0.02 -0.17 13/Nov/2024 11.80 9.92 LU1379101360
Class D6 Hedged SGD 9.38 -0.03 -0.32 13/Nov/2024 9.49 8.16 LU2381873202
Class D6 USD 11.70 -0.03 -0.26 13/Nov/2024 11.81 9.99 LU2490080954
Class D5G Hedged GBP 10.01 -0.03 -0.30 13/Nov/2024 10.08 8.54 LU2325744022
Class A8 Hedged CAD 8.57 -0.02 -0.23 13/Nov/2024 8.65 7.40 LU1116320497
Class A6 Hedged GBP 7.93 -0.03 -0.38 13/Nov/2024 8.01 6.87 LU1116319994
Class D4G USD 10.66 -0.03 -0.28 13/Nov/2024 11.22 9.09 LU2448342563
Class A6 USD 9.03 -0.03 -0.33 13/Nov/2024 9.13 7.78 LU1116320737
Class A2 Hedged EUR 12.21 -0.04 -0.33 13/Nov/2024 12.30 9.95 LU0278718100
Class I3 USD 11.29 -0.03 -0.27 13/Nov/2024 11.39 9.64 LU1630945258
Class A6 Hedged HKD 84.36 -0.21 -0.25 13/Nov/2024 85.32 73.50 LU1116320901
Class A8 Hedged NZD 8.60 -0.03 -0.35 13/Nov/2024 8.69 7.44 LU1116319648
Class A2 Hedged SGD 16.93 -0.04 -0.24 13/Nov/2024 17.04 13.80 LU0326426086
Class I2 EUR 20.30 0.01 0.05 13/Nov/2024 20.32 15.85 LU1791805960
Class SR2 USD 13.09 -0.03 -0.23 13/Nov/2024 13.17 10.38 LU2471418041
Class A8 Hedged AUD 8.50 -0.02 -0.23 13/Nov/2024 8.57 7.34 LU1116320141
Class A5G USD 5.50 -0.02 -0.36 13/Nov/2024 5.54 4.71 LU0265550946
Class I4G USD 10.74 -0.03 -0.28 13/Nov/2024 11.30 9.13 LU2448342217
Class A6 Hedged JPY 1,072.00 -3.00 -0.28 13/Nov/2024 1,090.00 974.00 LU2655522857
Class A2 USD 21.99 -0.06 -0.27 13/Nov/2024 22.14 17.60 LU0265550359
Class A2 Hedged CHF 11.41 -0.03 -0.26 13/Nov/2024 11.49 9.50 LU2315843826
Class I5G Hedged CHF 9.09 -0.03 -0.33 13/Nov/2024 9.17 8.00 LU2319964271
Class D2 Hedged CHF 11.79 -0.03 -0.25 13/Nov/2024 11.87 9.72 LU2315844048
Class D5G USD 6.20 -0.01 -0.16 13/Nov/2024 6.24 5.26 LU0265552215
Class A5G Hedged EUR 3.58 -0.01 -0.28 13/Nov/2024 3.60 3.12 LU0278719090
Class D4G Hedged CHF 9.55 -0.02 -0.21 13/Nov/2024 10.15 8.47 LU2448342647
Class A8 Hedged ZAR 106.58 -0.26 -0.24 13/Nov/2024 107.73 91.55 LU2250418733
Class D2 USD 25.08 -0.06 -0.24 13/Nov/2024 25.24 19.89 LU0368268602
Class A2 Hedged JPY 1,073.00 -3.00 -0.28 13/Nov/2024 1,080.00 989.00 LU2796517071
Class I5G Hedged EUR 9.44 -0.03 -0.32 13/Nov/2024 9.50 8.14 LU2319964198
Class D2 Hedged EUR 13.60 -0.04 -0.29 13/Nov/2024 13.69 10.98 LU0827880930
Class A4G USD 10.41 -0.02 -0.19 13/Nov/2024 10.97 8.95 LU2448342308
Class A2 Hedged HKD 127.90 -0.32 -0.25 13/Nov/2024 128.77 103.56 LU2290526081
Class A8 Hedged CNH 89.61 -0.24 -0.27 13/Nov/2024 90.45 77.62 LU1149717743
Class A4G Hedged CHF 9.31 -0.03 -0.32 13/Nov/2024 9.92 8.35 LU2448342480
Class D5G Hedged EUR 9.61 -0.03 -0.31 13/Nov/2024 9.68 8.30 LU2315843586
Class A6 Hedged EUR 10.99 -0.03 -0.27 13/Nov/2024 11.12 9.64 LU2641782821

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