Equity

BGF AI Innovation Fund

  • NAV as of 04/Dec/2025 USD 11.98
  • 1 Day NAV Change as of 04/Dec/2025 USD 0.12 (1.01%)

Overview

Investment Approach


The Fund seeks to maximise total return and invest in a manner consistent with the principles of environmental, social and governance (“ESG”) investing.

The Fund invests globally at least 70% of its total assets in the equity securities (i.e. shares) of companies whose predominant economic activity is the advancement, development and use of artificial intelligence (AI) technology. The Investment Adviser (IA) considers, in its discretion, that a company is an AI company if it is expected to derive future revenue from the advancement, development, and use of AI technology.

The Fund’s total assets will be invested in accordance with its ESG Policy as disclosed in the prospectus. For further details regarding the ESG characteristics 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, 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. Such ESG screening may reduce the potential investment universe and this may adversely affect the value of the Fund’s investments compared to a fund without such screeningInvestment 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.Shares in smaller companies typically trade in less volume and experience greater price variations than larger companies.

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

This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 31,185,373
Fund Launch Date
09/Dec/2024
Fund Base Currency
USD
Constraint Benchmark 1
MSCI ACWI Information Technology 10/40 Index (Net)
SFDR Classification
Article 8
Initial Charge
5.00%
Management Fee
0.68%
Performance Fee
-
Minimum Subsequent Investment
USD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGAIA2S
Share Class launch date
09/Dec/2024
Share Class Currency
USD
Asset Class
Equity
Comparator Benchmark 2
MSCI All Country World Index (Net)
SDR classification
ESG Overseas
Ongoing Charges Figures
1.00%
ISIN
LU2871778879
Minimum Initial Investment
USD 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Sector Equity Technology
Dealing Frequency
Daily, forward pricing basis
SEDOL
BRXJ9G1

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Nov/2025
39
3y Beta
as of -
-
P/B Ratio
as of 28/Nov/2025
10.90
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 28/Nov/2025
57.09

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 (%)
BROADCOM INC 9.79
NVIDIA CORP 9.04
MICROSOFT CORP 5.32
META PLATFORMS INC CLASS A 4.37
SNOWFLAKE INC 4.33
Name Weight (%)
CELESTICA INC 3.70
ALPHABET INC CLASS A 3.68
TAIWAN SEMICONDUCTOR MANUFACTURING 3.23
FABRINET 2.99
TOWER SEMICONDUCTOR LTD 2.99
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 D2 USD 11.98 0.12 1.01 04/Dec/2025 13.10 6.75 LU2871778879
Class D2 Hedged SGD 11.65 0.11 0.95 04/Dec/2025 12.79 6.71 LU2871779091
Class A2 Hedged HKD 117.03 1.14 0.98 04/Dec/2025 128.20 67.21 LU2871778283
Class Z2 USD 12.01 0.12 1.01 04/Dec/2025 13.13 6.76 LU2877908488
Class I2 USD 12.01 0.11 0.92 04/Dec/2025 13.13 6.76 LU2871779687
Class A2 EUR 10.18 0.09 0.89 04/Dec/2025 11.26 6.15 LU2871778440
Class D2 GBP 8.96 0.05 0.56 04/Dec/2025 9.97 6.16 LU3044417809
Class Z2 EUR 10.29 0.09 0.88 04/Dec/2025 11.38 6.17 LU2877908561
Class A2 USD 11.88 0.11 0.93 04/Dec/2025 13.00 6.73 LU2871778101
Class A2 Hedged SGD 11.56 0.11 0.96 04/Dec/2025 12.69 6.69 LU2871778366
Class D2 Hedged HKD 117.97 1.14 0.98 04/Dec/2025 129.14 67.39 LU2871779257

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