Equity

BGF Sustainable Global Dynamic Equity Fund

  • NAV as of 04/Dec/2025 USD 16.69
    52 WK: 11.96 - 16.77
  • 1 Day NAV Change as of 04/Dec/2025 USD 0.09 (0.54%)
  • 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 invests in a manner consistent with the principles of Environmental, Social and Governance ("ESG") focused investing.

The Fund invests globally at least 70% of its total assets in the equity securities (e.g. shares) of companies.

The Fund’s total assets will be invested in accordance with its ESG Policy as disclosed in the prospectus and will apply the EU Paris-Aligned Benchmark Exclusions. For further details please refer to the ESG policy of 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, political factors, economic news, company earnings and significant corporate events. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets, failed/delayed delivery of securities or payments to the Fund and sustainability-related risks. 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. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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 0 years.

Prior to 23rd February 2024, the fund used a different benchmark which is reflected in the benchmark data.

  2020 2021 2022 2023 2024
Total Return (%) USD
Target Benchmark 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 (%) USD 15.43 - - - 18.73
Target Benchmark 1 (%) - - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) USD 18.22 -0.36 7.44 15.91 15.43 - - - 24.89
Target Benchmark 1 (%) - - - - - - - - -
  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 (%) USD

as of 30/Sept/2025

- - - - 13.54

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 474,941,061
Fund Launch Date
31/Jul/2006
Fund Base Currency
USD
Historical Target Benchmark 1
MSCI All Country World Net TR Index
SDR classification
ESG Overseas
Ongoing Charges Figures
0.82%
ISIN
LU2862972853
Minimum Initial Investment
USD 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Large-Cap Blend Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BQ3S585
Share Class launch date
14/Aug/2024
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Article 8
Initial Charge
0.00%
Management Fee
0.75%
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
BGDYDI2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2025
1
Equity Price/Earnings (FY1)
as of 31/Oct/2025
24.79
Effective Duration Fixed Income
as of 31/Oct/2025
0.00
3y Beta
as of -
-
Average Market Cap (Millions)
as of 31/Oct/2025
USD 1,313,630.39
Effective Duration Fixed Income and Cash
as of 31/Oct/2025
0.00

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 Sustainable Global Dynamic Equity Fund, Class I2, as of 30/Nov/2025 rated against 5220 Global Large-Cap Blend Equity Funds.

Holdings

Holdings

as of 28/Nov/2025
Name Weight (%)
NVIDIA CORP 5.48
MICROSOFT CORP 5.08
APPLE INC 4.39
ALPHABET INC CLASS C 3.72
NIKKEI 225 (OSE) DEC 25 3.53
Name Weight (%)
ELI LILLY 2.98
TAIWAN SEMICONDUCTOR MANUFACTURING 2.96
S&P500 EMINI DEC 25 2.75
BROADCOM INC 2.51
WALMART INC 2.32
as of 29/Mar/2024
Name Weight (%)
REI AGRO LTD RegS 5.5 11/13/2014 0.00
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
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
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 I2 USD 16.69 0.09 0.54 04/Dec/2025 16.77 11.96 LU2862972853
Class I2 EUR 14.30 0.06 0.42 04/Dec/2025 14.46 10.93 LU2337443100
Class A4 EUR 35.09 0.15 0.43 04/Dec/2025 35.51 27.00 LU0408221603
Class A2 EUR 35.18 0.15 0.43 04/Dec/2025 35.61 27.08 LU0238689623
Class D2 EUR 40.13 0.17 0.43 04/Dec/2025 40.59 30.74 LU0827880856
Class D4 EUR 32.56 0.13 0.40 04/Dec/2025 32.94 24.94 LU0938162772
Class D2 Hedged EUR 25.33 0.12 0.48 04/Dec/2025 25.52 18.55 LU0326425609
Class D2 USD 46.83 0.24 0.52 04/Dec/2025 47.07 33.64 LU0368268198
Class A2 Hedged EUR 22.95 0.11 0.48 04/Dec/2025 23.14 16.89 LU0238690555
Class A2 Hedged CNH 241.43 1.16 0.48 04/Dec/2025 243.48 177.99 LU1254117549
Class A2 USD 41.05 0.20 0.49 04/Dec/2025 41.29 29.63 LU0238689110

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Managing Director, CIO of Global Fixed Income

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Fixed Income business, and Head of the Global Allocation Investment Team.

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Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Fixed Income business, and Head of the Global Allocation Investment Team. Mr. Rieder is responsible for roughly $2.4 trillion in assets. He is a member of BlackRock's Executive Sub-Committee on Investments, a member of BlackRock's Global Operating Committee, and Chairman of the firm-wide BlackRock Investment Council.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar.

 

From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program.

 

Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, New Jersey, and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation, and Trustee for the US Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Randy Berkowitz
Randy Berkowitz
Managing Director

Randy Berkowitz, CFA, Managing Director, is a member of the Global Allocation Team . He is a Senior Investor and Head of quantitative strategies and research which serves to drive the Team’s asset allocation process, security sizing and risk management, in addition to covering sub industries within the Healthcare sector.

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Randy Berkowitz, CFA, Managing Director, is a member of the Global Allocation Team . He is a Senior Investor and Head of quantitative strategies and research which serves to drive the Team’s asset allocation process, security sizing and risk management, in addition to covering sub industries within the Healthcare sector.

 

Mr. Berkowitz joined the BlackRock Global Allocation team in 2008 to oversee the build-out of the Team’s quantitative analytic capabilities and subsequently conduct fundamental research.  In 2016, he led the development of the quantitative strategies and research for Global Allocation. He joined BlackRock in 2004 as an Analyst in the Portfolio Analytics Group where he helped design and deliver analytic solutions to BlackRock’s Portfolio Management teams. In this role, he led strategic initiatives to improve BlackRock's Green Package analytic suite. Mr. Berkowitz helped manage the Merrill Lynch Investment Managers / BlackRock Equity integration for the Portfolio Analytics Group in 2007.

 

Mr. Berkowitz earned a BA degree in Astrophysics from Columbia University in 2004. He is a CFA® Charterholder.

Russ Koesterich
Russ Koesterich
Managing Director

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

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Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

 

Mr. Koesterich's service with BlackRock dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. He joined the BlackRock Global Allocation team in 2016 as Head of Asset Allocation and was named a portfolio manager of the Fund in 2017. Previously, he was BlackRock's Global Chief Investment Strategist and Chairman of the Investment Committee for the Model Portfolio Solutions business, and formerly served as the Global Head of Investment Strategy for scientific active equities and as senior portfolio manager in the US Market Neutral Group. Prior to joining BGI, Mr. Koesterich was the Chief North American Strategist at State Street Bank and Trust. He began his investment career at Instinet Research Partners where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research, and Equity Analyst. He is a frequent contributor to financials news media and the author of three books, including his most recent “Portfolio Construction for Today’s Markets.“

 

Mr. Koesterich earned a BA in history from Brandeis University, a JD from Boston College and an MBA from Columbia University. He is a CFA® Charterholder.

Sarah Thompson
Sarah Thompson
Managing Director

Sarah Thompson, CFA, Managing Director, is a member of the Global Allocation Team, .  She is a senior investor, primarily responsible for coverage of the chemicals, metals & mining, midstream and utilities sectors. global fundamental credit, private placements, distressed investments.

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Sarah Thompson, CFA, Managing Director, is a member of the Global Allocation Team, She is a senior investor, primarily responsible for coverage of the chemicals, metals & mining, midstream and utilities sectors. global fundamental credit, private placements, distressed investments.

 

Ms. Thompson joined the BlackRock Global Allocation team in 2018. Her service with BlackRock dates back to 2013, when she joined as Head of Americas and Global Director of Credit Research. Prior to joining Blackrock in 2013, Mrs. Thompson was a Managing Director at Barclays heading the U.S. Distressed Desk Analyst Group. Prior to joining Barclays in September 2008, Ms. Thompson headed the Industrials pod for High Grade and High Yield Research at Lehman Brothers. Ms. Thompson joined Lehman Brothers in 1999 covering high yield manufacturing, services and automotive sectors. Prior to joining Lehman Brothers, she covered similar industries for CIBC World Markets, which she joined in 1996 after working in the mortgage consulting group at KPMG Peat Marwick.

 

Ms. Thompson earned a BSBA degree in Accounting from Georgetown University. She is a CFA® Charterholder and completed the Certified Public Accountant exam.

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