Equity

BGF Next Generation Technology Fund

  • NAV as of 04/Dec/2025 AUD 12.57
    52 WK: 7.42 - 13.41
  • 1 Day NAV Change as of 04/Dec/2025 AUD 0.15 (1.21%)

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 globally whose predominant economic activity comprises the research, development, production and/or distribution of new and emerging technology.

The Fund will focus on next generation technology themes including artificial intelligence, computing, automation, robotics, technological analytics, e-commerce, payment systems, communications technology and generative design. In normal market conditions the Fund will invest in equity securities of companies with large, medium and small market capitalisation (market capitalisation is the share price of the company multiplied by the number of shares issued). Although it is likely that most of the Fund’s investments will be in companies located in developed markets globally, the Fund may also invest in emerging markets.

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.

Investments in the technology securities are subject to absence or loss of intellectual property protections, rapid changes in technology, government regulation and competition. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events. 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 seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. 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.

This chart shows the product's performance as the percentage loss or gain per year over the last 2 years.

  2020 2021 2022 2023 2024
Total Return (%) AUD 29.7 20.6
Comparator Benchmark 1 (%) USD 22.2 17.5

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 (%) AUD 19.92 21.27 - - 6.39
Comparator Benchmark 1 (%) USD 18.21 18.64 - - 12.47
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) AUD 20.15 -6.57 9.73 31.37 19.92 78.35 - - 25.20
Comparator Benchmark 1 (%) USD 21.07 -0.01 5.93 14.96 18.21 66.99 - - 53.22
  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 (%) AUD

as of 30/Sept/2025

- - 9.94 21.83 27.57
Comparator Benchmark 1 (%) USD

as of 30/Sept/2025

- - 20.80 31.76 17.27

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
USD 2,381,340,951
Fund Launch Date
04/Sept/2018
Fund Base Currency
USD
Comparator Benchmark 1
MSCI All Country World Index (Net Total Return)
SDR classification
ESG Overseas
Ongoing Charges Figures
1.81%
ISIN
LU2465791643
Minimum Initial Investment
USD 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BPGM8M2
Share Class launch date
13/Apr/2022
Share Class Currency
AUD
Asset Class
Equity
SFDR Classification
Article 8
Initial Charge
5.00%
Management Fee
1.50%
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
BGNGTAH

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Nov/2025
91
P/E Ratio
as of 28/Nov/2025
60.58
Standard Deviation (3y)
as of 30/Nov/2025
24.72%
P/B Ratio
as of 28/Nov/2025
8.55

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/Nov/2025
Name Weight (%)
NVIDIA CORP 7.03
LUMENTUM HOLDINGS INC 5.09
CELESTICA INC 4.78
FABRINET 3.61
SNOWFLAKE INC 3.30
Name Weight (%)
CREDO TECHNOLOGY GROUP HOLDING LTD 3.21
TOWER SEMICONDUCTOR LTD 3.21
ISUPETASYS LTD 3.21
ADVANTEST CORP 2.91
PURE STORAGE INC CLASS A 2.59
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
Sorry, geographic exposures are not available at this time.
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 A2 Hedged AUD 12.57 0.15 1.21 04/Dec/2025 13.41 7.42 LU2465791643
Class I2 EUR 23.27 0.25 1.09 04/Dec/2025 25.11 14.44 LU1917165075
Class D2 Hedged CNH 90.16 1.03 1.16 04/Dec/2025 96.26 53.73 LU2290526594
Class I2 GBP 20.31 0.15 0.74 04/Dec/2025 22.04 12.34 LU2168066202
Class A2 Hedged CHF 8.61 0.10 1.18 04/Dec/2025 9.21 5.21 LU2310089771
Class A2 Hedged CNH 86.73 0.98 1.14 04/Dec/2025 92.67 51.97 LU2290526677
Class I4 USD 15.08 0.18 1.21 04/Dec/2025 16.05 8.77 LU2360107085
Class A2 Hedged EUR 21.05 0.24 1.15 04/Dec/2025 22.48 12.57 LU1861216510
Class D2 USD 26.66 0.31 1.18 04/Dec/2025 28.40 15.54 LU1861216197
Class I2 Hedged EUR 27.38 0.32 1.18 04/Dec/2025 29.22 16.23 LU1917165158
Class A2 Hedged GBP 9.54 0.11 1.17 04/Dec/2025 10.18 5.63 LU2310089698
Class D2 Hedged SGD 8.72 0.10 1.16 04/Dec/2025 9.31 5.19 LU2290526321
Class D2 GBP 19.94 0.15 0.76 04/Dec/2025 21.64 12.14 LU2237457416
Class A2 SEK 235.90 2.81 1.21 04/Dec/2025 253.87 148.02 LU1861216940
Class D2 EUR 22.85 0.25 1.11 04/Dec/2025 24.66 14.20 LU1917164854
Class I2 USD 27.15 0.31 1.15 04/Dec/2025 28.92 15.80 LU1861216270
Class D2 Hedged GBP 24.04 0.27 1.14 04/Dec/2025 25.63 14.11 LU1861216866
Class A2 Hedged NZD 13.02 0.15 1.17 04/Dec/2025 13.91 7.72 LU2465791726
Class A2 Hedged SGD 22.55 0.26 1.17 04/Dec/2025 24.11 13.50 LU1861220033
Class S2 USD 10.43 0.12 1.16 04/Dec/2025 11.11 6.08 LU2278360750
Class E2 Hedged EUR 20.31 0.23 1.15 04/Dec/2025 21.71 12.17 LU1861216783
Class SR4 USD 10.57 0.12 1.15 04/Dec/2025 11.26 6.16 LU2344713255
Class Z2 USD 27.25 0.31 1.15 04/Dec/2025 29.02 15.85 LU1861216437
Class A2 USD 25.10 0.29 1.17 04/Dec/2025 26.75 14.71 LU1861215975
Class S2 Hedged EUR 9.28 0.11 1.20 04/Dec/2025 9.91 5.51 LU2278361055
Class A4 USD 9.37 0.11 1.19 04/Dec/2025 9.99 5.49 LU2360107168
Class Z2 Hedged CHF 9.07 0.10 1.11 04/Dec/2025 9.69 5.45 LU2310090191
Class SR2 EUR 9.07 0.10 1.11 04/Dec/2025 9.79 5.63 LU2344713339
Class S2 Hedged CHF 8.98 0.10 1.13 04/Dec/2025 9.60 5.40 LU2310089938
Class A2 EUR 21.51 0.23 1.08 04/Dec/2025 23.23 13.44 LU2400291972
Class S2 Hedged GBP 9.95 0.11 1.12 04/Dec/2025 10.61 5.83 LU2310089854
Class A2 Hedged HKD 88.87 1.03 1.17 04/Dec/2025 94.81 52.78 LU2290526834
Class I4 GBP 11.28 0.09 0.80 04/Dec/2025 12.24 6.85 LU2344713412
Class SR4 GBP 7.91 0.06 0.76 04/Dec/2025 8.58 4.81 LU2344713099
Class D2 Hedged EUR 22.35 0.25 1.13 04/Dec/2025 23.86 13.27 LU1861216601
Class SR2 USD 10.59 0.13 1.24 04/Dec/2025 11.27 6.17 LU2344713172
Class A4 EUR 8.03 0.09 1.13 04/Dec/2025 8.67 5.02 LU2398791959
Class SR2 Hedged EUR 9.28 0.10 1.09 04/Dec/2025 9.91 5.51 LU2344713503
Class A10 USD 14.34 0.16 1.13 04/Dec/2025 15.40 8.96 LU2533724949

Portfolio Managers

Portfolio Managers

Tony Kim
Tony Kim
Managing Director

Tony Kim, Managing Director, is a member of the Fundamental Equities division of BlackRock's Portfolio Management Group. Mr. Kim is head of the Technology Equity team, and the lead portfolio manager on the Technology equity portfolios.

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Tony Kim, Managing Director, is a member of the Fundamental Equities division of BlackRock's Portfolio Management Group. Mr. Kim is head of the Technology Equity team, and the lead portfolio manager on the Technology equity portfolios.

Mr. Kim joined BlackRock in 2013. He has over 20 years of experience in technology investments at companies including Artisan Partners, Credit Suisse Asset Management, Neuberger Berman, Merrill Lynch, SG Warburg.

Mr. Kim has an MBA from Columbia, and a BS in Industrial Engineering from the University of Illinois.

Reid Menge
Reid Menge
Managing Director

Reid Menge, Managing Director, is a member of the Fundamental Equities division of BlackRock's Portfolio Management Group. He is co-portfolio manager for the Technology equity portfolios and responsible for coverage of the technology sector.

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Reid Menge, Managing Director, is a member of the Fundamental Equities division of BlackRock's Portfolio Management Group. He is co-portfolio manager for the Technology equity portfolios and responsible for coverage of the technology sector.

Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. From 2003 to 2006, Mr. Menge was a member of the Prudential Equity Group where he was responsible for enterprise software coverage. Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales.

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.

Literature

Literature