Equity

BGF World Gold Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in a limited number of market sectors. Compared to investments which spread investment risk through investing in a variety of sectors, share price movements may have a greater effect on the overall value of this fund. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. The fund can invest in mining shares which typically experience above average volatility when compared to other investments. Trends which occur within the general equity market may not be mirrored within mining securities. Optional - The Fund does not hold physical gold or other commodities.

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

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Performance

Performance

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Distributions

This product does not have any distributions data as of now.
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of 31-Dec-20

55.67 -9.72 -13.57 37.13 17.40
Benchmark (%)

as of 31-Dec-20

64.37 -4.16 -6.83 43.80 13.04
  1y 3y 5y 10y Incept.
12.11 12.38 13.72 -2.29 3.12
Benchmark (%)

as of 31-Jan-21

9.25 14.12 16.38 -3.02 1.21
  YTD 1m 3m 1y 3y 5y 10y Incept.
-2.30 -2.30 -6.66 12.11 41.94 90.20 -20.69 44.75
Benchmark (%)

as of 31-Jan-21

-2.73 -2.73 -12.40 9.25 48.61 113.48 -26.38 15.57

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, 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

Size of Fund (Millions) as of 02-Mar-21 USD 5,782.754
12m Trailing Yield -
Number of Holdings as of 29-Jan-21 48
Base Currency U.S. Dollar
Fund Launch Date 30-Dec-94
Share Class launch date 19-Jan-09
Asset Class Equity
Morningstar Category Sector Equity Precious Metals
Benchmark Index FTSE Gold Mines Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 2.05%
ISIN LU0408222320
Bloomberg Ticker BGWGEA4
Annual Management Fee 1.75%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3L15M9
Bloomberg Benchmark Ticker FTGOLDIEUR
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment -
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of 28-Feb-21 33.68
3y Beta as of 31-Jan-21 0.969
5y Volatility - Benchmark as of 28-Feb-21 33.56
5y Beta as of 31-Jan-21 0.917

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 05-Feb-21 A
MSCI ESG Quality Score (0-10) as of 05-Feb-21 5.92
MSCI ESG Quality Score - Peer Percentile as of 05-Feb-21 55.97
MSCI ESG % Coverage as of 05-Feb-21 93.58
Fund Lipper Global Classification as of 05-Feb-21 Equity Sector Gold&Prec Metals
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 05-Feb-21 465.68
Funds in Peer Group as of 05-Feb-21 134
All data is from MSCI ESG Fund Ratings as of 05-Feb-21, based on holdings as of 31-Aug-20. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 29-Jan-21 0.00%
MSCI - UN Global Compact Violators as of 29-Jan-21 7.22%
MSCI - Nuclear Weapons as of 29-Jan-21 0.00%
MSCI - Thermal Coal as of 29-Jan-21 0.00%
MSCI - Civilian Firearms as of 29-Jan-21 0.00%
MSCI - Oil Sands as of 29-Jan-21 0.00%
MSCI - Tobacco as of 29-Jan-21 0.00%

Business Involvement Coverage as of 29-Jan-21 95.55%
Percentage of Fund not covered as of 29-Jan-21 4.45%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager considers ESG criteria in combination with other information during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from third-party vendors, as well as internal engagement commentary and site visits and input from BlackRock Investment Stewardship. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF World Gold Fund, Class A4, as of 31-Jan-20 rated against 217 Sector Equity Precious Metals Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 13-Jun-19)

Holdings

Holdings

as of 29-Jan-21
Name Weight (%)
NEWMONT CORPORATION 9.44
BARRICK GOLD CORP 7.22
KINROSS GOLD CORP 5.20
KIRKLAND LAKE GOLD LTD 4.80
GOLD FIELDS LTD 4.46
Name Weight (%)
CENTERRA GOLD INC 3.86
ENDEAVOUR MINING CORP 3.84
SSR MINING INC 3.74
WHEATON PRECIOUS METALS CORP 3.72
NORTHERN STAR RESOURCES LTD 3.71
Holdings subject to change

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A4 EUR Annual 31.03 -0.14 -0.45 44.88 21.23 - LU0408222320 - -
Class A2 USD None 37.37 -0.18 -0.48 53.37 23.54 - LU0055631609 - -
Class D2 EUR None 34.74 -0.16 -0.46 50.03 23.60 - LU0252963623 - -
Class D2 Hedged EUR None 6.04 -0.03 -0.49 8.68 3.84 - LU0326423067 - -
Class A2 Hedged PLN None 105.59 -0.50 -0.47 152.25 67.11 - LU1499592118 - -
Class D2 USD None 41.84 -0.19 -0.45 59.49 26.17 - LU0252968424 - -
Class A2 Hedged EUR None 5.46 -0.03 -0.55 7.88 3.50 - LU0326422689 - -
Class A2 Hedged HKD None 7.23 -0.03 -0.41 10.34 4.55 - LU0788108826 - -
Class D4 EUR Annual 32.89 -0.15 -0.45 47.37 22.35 - LU0827889139 - -
Class I2 USD None 41.81 -0.20 -0.48 59.37 26.09 - LU0368252358 - -
Class A2 Hedged SGD None 6.36 -0.03 -0.47 9.10 4.02 - LU0368265764 - -
Class I2 Hedged EUR None 6.14 -0.03 -0.49 8.82 3.90 - LU0368236153 - -
Class D2 Hedged CHF None 6.05 -0.03 -0.49 8.69 3.86 - LU0669555244 - -
Class I2 EUR None 34.72 -0.16 -0.46 49.93 23.53 - LU0368236070 - -
Class A2 Hedged CHF None 5.63 -0.03 -0.53 8.13 3.62 - LU0521028471 - -
Class D2 Hedged GBP None 22.57 -0.10 -0.44 32.06 14.21 - LU0827889212 - -
Class A2 EUR None 31.03 -0.15 -0.48 44.89 21.23 - LU0171305526 - -
Class A2 Hedged AUD None 11.13 -0.05 -0.45 15.93 7.10 - LU1023058768 - -
Class A4 USD Annual 37.37 -0.17 -0.45 53.37 23.54 - LU0724618789 - -
Class D2 Hedged SGD None 6.77 -0.03 -0.44 9.64 4.25 - LU0827889303 - -

Portfolio Managers

Portfolio Managers

Evy Hambro
Evy Hambro
Tom Holl
Tom Holl

Literature

Literature