Equity

BGF Euro-Markets Fund

  • NAV as of 04/Dec/2025 EUR 58.88
    52 WK: 47.55 - 60.24
  • 1 Day NAV Change as of 04/Dec/2025 EUR 0.31 (0.53%)
  • 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 European Union (EU) Member States participating in the Economic and Monetary Union of the European Union (EMU). This may, at the investment adviser’s (IA) discretion, include the equity securities of companies domiciled in countries which formerly participated in EMU or are likely to join the EMU in the foreseeable future and in companies based elsewhere, the main business of which is in EMU-participating countries.

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 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 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 10 years.

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) EUR 22.7 -0.1 15.1 -18.1 27.8 9.5 28.2 -18.8 16.1 14.1
Constraint Benchmark 1 (%) EUR 9.8 4.4 12.5 -12.7 25.5 -1.0 22.2 -12.5 18.8 9.5

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 (%) EUR 15.13 12.99 9.40 7.02 7.14
Constraint Benchmark 1 (%) EUR 22.51 14.85 11.37 7.26 5.36
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) EUR 12.42 -1.77 2.17 1.69 15.13 44.26 56.68 97.10 284.84
Constraint Benchmark 1 (%) EUR 20.84 0.28 5.61 6.29 22.51 51.50 71.34 101.62 177.09
  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

30.36 -21.71 21.69 22.98 12.89
Constraint Benchmark 1 (%) EUR

as of 30/Sept/2025

30.35 -17.96 24.25 20.31 15.39

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 1,518,106,368
Fund Launch Date
04/Jan/1999
Fund Base Currency
EUR
Constraint Benchmark 1
MSCI EMU Net TR Index (EUR)
SDR classification
ESG Overseas
Ongoing Charges Figures
1.07%
ISIN
LU0252966485
Minimum Initial Investment
USD 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Eurozone Large-Cap Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B448XV9
Share Class launch date
19/May/2006
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Article 8
Initial Charge
5.00%
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
MEREMDE

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Nov/2025
43
3y Beta
as of 30/Nov/2025
1.061
P/B Ratio
as of 28/Nov/2025
3.35
Standard Deviation (3y)
as of 30/Nov/2025
13.29%
P/E Ratio
as of 28/Nov/2025
22.16

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 Euro-Markets Fund, Class D2, as of 30/Nov/2025 rated against 1216 Eurozone Large-Cap Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 08/Jul/2025)
Analyst-Driven % as of 08/Jul/2025
100.00
Data Coverage % as of 08/Jul/2025
100.00

Holdings

Holdings

as of 28/Nov/2025
Name Weight (%)
ASML HOLDING NV 6.68
SAP SE 5.20
UNICREDIT SPA 4.91
SAFRAN SA 4.90
SCHNEIDER ELECTRIC SE 4.84
Name Weight (%)
CAIXABANK SA 3.75
SIEMENS AG 3.72
MTU AERO ENGINES AG 3.62
SIEMENS ENERGY AG 3.42
LVMH MOET HENNESSY LOUIS VUITTON SE 3.37
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 D2 EUR 58.88 0.31 0.53 04/Dec/2025 60.24 47.55 LU0252966485
Class S2 EUR 17.89 0.10 0.56 04/Dec/2025 18.30 14.43 LU1706558266
Class A2 Hedged USD 28.65 0.15 0.53 04/Dec/2025 29.25 22.82 LU0969580488
Class D4 GBP 38.48 0.07 0.18 04/Dec/2025 39.56 30.76 LU0827878447
Class A2 Hedged GBP 24.72 0.13 0.53 04/Dec/2025 25.26 19.83 LU0986743572
Class A4 GBP 40.86 0.07 0.17 04/Dec/2025 42.02 32.58 LU0204061948
Class A2 USD 59.19 0.36 0.61 04/Dec/2025 60.92 45.10 LU0171277485
Class D4 EUR 44.07 0.23 0.52 04/Dec/2025 45.09 35.91 LU0827878363
Class D2 Hedged USD 27.39 0.15 0.55 04/Dec/2025 27.92 21.70 LU1185942403
Class D2 Hedged CHF 26.11 0.13 0.50 04/Dec/2025 26.82 21.38 LU0906886691
Class A4 EUR 43.49 0.22 0.51 04/Dec/2025 44.56 35.36 LU0162689763
Class D2 USD 68.71 0.42 0.62 04/Dec/2025 70.63 52.10 LU0827878280
Class I2 EUR 59.69 0.31 0.52 04/Dec/2025 61.05 48.12 LU0368230206
Class I4 EUR 20.26 0.11 0.55 04/Dec/2025 20.72 16.52 LU1414096542
Class S4 EUR 16.51 0.09 0.55 04/Dec/2025 16.89 13.46 LU1706558340
Class A2 Hedged HKD 195.51 1.02 0.52 04/Dec/2025 199.89 157.96 LU1791806182
Class A2 Hedged SGD 36.40 0.19 0.52 04/Dec/2025 37.35 29.61 LU1270847343
Class A2 EUR 50.72 0.26 0.52 04/Dec/2025 51.96 41.16 LU0093502762
Class A2 Hedged CHF 28.58 0.14 0.49 04/Dec/2025 29.39 23.51 LU0589470326

Portfolio Managers

Portfolio Managers

Tom Joy
Tom Joy

Literature

Literature