Equity

BGF Continental European Flexible Fund

  • NAV as of 04/Dec/2025 EUR 12.59
    52 WK: 10.42 - 12.84
  • 1 Day NAV Change as of 04/Dec/2025 EUR 0.05 (0.40%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets and invest in a manner consistent with the principles of environmental, social and governance (ESG) investing.

The Fund invests at least 70% of its total assets in the equity securities (e.g. shares) of companies domiciled in, or the main business of which is in, Europe excluding the United Kingdom.

The Fund’s total assets will be invested in accordance with its ESG Policy as disclosed in the prospectus. For further details, please refer to the prospectus and the BlackRock website at https://www.blackrock.com/baselinescreens.

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. The Fund may seek to exclude Funds which are not subject to ESG-related requirements. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

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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Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

Distributions

Ex-Date Total Distribution
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Ex-Date Total Distribution

This chart shows the product's performance as the percentage loss or gain per year over the last 3 years.

  2020 2021 2022 2023 2024
Total Return (%) EUR -23.7 20.2 8.6
Constraint Benchmark 1 (%) EUR -12.0 18.5 7.1

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

  1y 3y 5y 10y Incept.
Total Return (%) EUR 8.31 11.20 - - 5.60
Constraint Benchmark 1 (%) EUR 16.46 12.49 - - 8.61
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) EUR 8.21 -0.56 1.38 -0.51 8.31 37.51 - - 28.83
Constraint Benchmark 1 (%) EUR 16.77 1.01 5.15 5.44 16.46 42.33 - - 46.79
  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 		From
30-Sept-2024
To
30-Sept-2025
Total Return (%) EUR

as of 30/Sept/2025

- -26.41 23.70 20.71 4.63
Constraint Benchmark 1 (%) EUR

as of 30/Sept/2025

- -15.25 20.96 19.26 9.18

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

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 04/Dec/2025
EUR 5,277,872,265
Fund Launch Date
24/Nov/1986
Fund Base Currency
EUR
Constraint Benchmark 1
FTSE World Europe ex UK Net TR Index (EUR)
SDR classification
ESG Overseas
Ongoing Charges Figures
0.91%
ISIN
LU2319960014
Minimum Initial Investment
USD 50,000,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Europe ex-UK Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BNDL9V4
Share Class launch date
07/Apr/2021
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Article 8
Initial Charge
0.00%
Management Fee
0.85%
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGCEFSE

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Nov/2025
4
Standard Deviation (3y)
as of 30/Nov/2025
13.52%
P/E Ratio
as of 28/Nov/2025
22.22
12 Month Trailing Dividend Distribution Yield
as of 30/Nov/2025
0.92
3y Beta
as of 30/Nov/2025
1.141
P/B Ratio
as of 28/Nov/2025
3.27

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

3 stars
Overall Morningstar Rating for BGF Continental European Flexible Fund, Class SR4, as of 30/Nov/2025 rated against 544 Europe ex-UK Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal. (Effective 11/Jul/2025)
Analyst-Driven % as of 11/Jul/2025
100.00
Data Coverage % as of 11/Jul/2025
100.00

Holdings

Holdings

as of 28/Nov/2025
Name Weight (%)
UNICREDIT SPA 4.70
SAFRAN SA 4.41
AIRBUS SE 3.93
SCHNEIDER ELECTRIC SE 3.76
ABN AMRO BANK NV 3.40
Name Weight (%)
ASML HOLDING NV 3.33
SAP SE 3.32
SIEMENS ENERGY AG 3.14
UCB SA 3.11
ADYEN NV 3.07
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
as of 28/Nov/2025

% 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 SR4 EUR 12.59 0.05 0.40 04/Dec/2025 12.84 10.42 LU2319960014
Class D4 Hedged GBP 48.20 0.18 0.37 04/Dec/2025 48.66 39.44 LU0827876409
Class I2 Hedged USD 29.89 0.11 0.37 04/Dec/2025 30.12 24.06 LU1207311066
Class D2 USD 63.14 0.28 0.45 04/Dec/2025 64.10 48.70 LU1984140423
Class I4 Hedged GBP 10.74 0.04 0.37 04/Dec/2025 10.86 8.80 LU2864352203
Class D4 GBP 41.56 0.01 0.02 04/Dec/2025 42.43 33.74 LU0827876318
Class I4 EUR 32.06 0.11 0.34 04/Dec/2025 32.72 26.56 LU1505937943
Class I4 Hedged USD 29.43 0.11 0.38 04/Dec/2025 29.71 23.94 LU1505938164
Class I4 USD 37.42 0.17 0.46 04/Dec/2025 38.34 29.11 LU2728923421
Class A4 Hedged GBP 46.62 0.17 0.37 04/Dec/2025 47.08 38.06 LU0534241806
Class SR4 Hedged USD 13.87 0.05 0.36 04/Dec/2025 13.99 11.28 LU2319960444
Class D2 EUR 54.10 0.19 0.35 04/Dec/2025 54.73 44.43 LU0406496546
Class A2 Hedged USD 28.24 0.10 0.36 04/Dec/2025 28.50 22.89 LU1196525536
Class A4 EUR 46.43 0.16 0.35 04/Dec/2025 47.20 38.34 LU0628613803
Class X4 GBP 41.96 0.01 0.02 04/Dec/2025 42.82 34.17 LU0462858084
Class SR2 Hedged USD 14.32 0.05 0.35 04/Dec/2025 14.43 11.54 LU2319960360
Class A2 EUR 47.62 0.17 0.36 04/Dec/2025 48.39 39.30 LU0224105477
Class A4 GBP 40.25 0.01 0.02 04/Dec/2025 41.11 32.60 LU0071969892
Class SR2 EUR 12.99 0.05 0.39 04/Dec/2025 13.14 10.66 LU2319959941
Class D4 Hedged USD 84.49 0.32 0.38 04/Dec/2025 85.17 68.67 LU0669554353
Class D2 Hedged USD 81.15 0.31 0.38 04/Dec/2025 81.80 65.44 LU0827876151
Class SR4 GBP 10.99 0.01 0.09 04/Dec/2025 11.22 8.92 LU2319960287
Class D4 EUR 47.61 0.17 0.36 04/Dec/2025 48.53 39.41 LU1202926504
Class SR2 USD 15.16 0.07 0.46 04/Dec/2025 15.38 11.68 LU2319960105
Class D2 Hedged GBP 51.91 0.19 0.37 04/Dec/2025 52.37 42.15 LU0827876235
Class A2 USD 55.57 0.24 0.43 04/Dec/2025 56.58 43.08 LU0769137737
Class I2 USD 43.91 0.20 0.46 04/Dec/2025 44.55 33.81 LU2315844121
Class I2 EUR 37.62 0.13 0.35 04/Dec/2025 38.05 30.85 LU0888974473
Class I4 GBP 27.99 0.01 0.04 04/Dec/2025 28.57 22.74 LU1330249563
Class I2 Hedged GBP 11.73 0.04 0.34 04/Dec/2025 11.83 9.51 LU2404648292

Portfolio Managers

Portfolio Managers

Giles Rothbarth
Giles Rothbarth

Literature

Literature