Equity

BGF Asian Dragon Fund

Overview

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 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. 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 may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.

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

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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 5.7 -5.0 8.2 37.8 -17.4 20.7 20.7 -4.5 -18.4 1.7
Constraint Benchmark 1 (%) 4.8 -9.2 5.4 41.7 -14.4 18.2 25.0 -4.7 -19.7 6.0

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
4.20 -7.16 1.79 3.69 3.39
Constraint Benchmark 1 (%) 12.89 -5.77 3.51 4.17 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.64 4.53 4.77 6.64 4.20 -19.97 9.29 43.65 149.88
Constraint Benchmark 1 (%) 9.75 4.26 7.20 9.75 12.89 -16.33 18.81 50.51 -
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30/Jun/2024

0.70 35.61 -22.79 -0.53 4.20
Constraint Benchmark 1 (%)

as of 30/Jun/2024

1.69 39.65 -25.03 -1.15 12.89

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

Share Class and Benchmark performance displayed in USD, 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

Net Assets of Fund
as of 12/Jul/2024
USD 783,886,713
Fund Launch Date
02/Jan/1997
Fund Base Currency
USD
Constraint Benchmark 1
MSCI All Country Asia ex Japan Index
Initial Charge
5.00%
ISIN
LU0072462343
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
MERDGAI
Share Class launch date
02/Jan/1997
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.80%
Annual Management Fee
1.50%
Minimum Initial Investment
USD 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Asia ex-Japan Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
5301258

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
60
3y Beta
as of 30/Jun/2024
0.937
P/B Ratio
as of 28/Jun/2024
2.62
Standard Deviation (3y)
as of 30/Jun/2024
18.56%
P/E Ratio
as of 28/Jun/2024
19.37

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, 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

1
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3
4
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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Asian Dragon Fund, Class A2, as of 30/Jun/2024 rated against 918 Asia ex-Japan Equity Funds.

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9.90
TENCENT HOLDINGS LTD 7.39
SAMSUNG ELECTRONICS CO LTD 6.37
SK HYNIX INC 3.08
RELIANCE INDUSTRIES LTD 2.82
Name Weight (%)
AXIS BANK LTD 2.51
MEITUAN 2.48
NETEASE INC 2.43
MEDIATEK INC 2.30
PDD HOLDINGS INC 2.27
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% 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 USD 48.00 -0.27 -0.56 12/Jul/2024 48.27 40.52 LU0072462343
Class D2 EUR 49.83 -0.33 -0.66 12/Jul/2024 50.16 42.56 LU0329592298
Class A2 GBP 36.99 -0.35 -0.94 12/Jul/2024 37.34 32.40 LU0171270639
Class A2 EUR 44.05 -0.29 -0.65 12/Jul/2024 44.34 37.76 LU0171269466
Class A2 Hedged AUD 14.54 -0.09 -0.62 12/Jul/2024 14.63 12.42 LU1023056804
Class I2 USD 14.74 -0.08 -0.54 12/Jul/2024 14.82 12.35 LU1214678440
Class D4 GBP 35.86 -0.34 -0.94 12/Jul/2024 36.20 31.30 LU0827875260
Class I2 EUR 13.52 -0.09 -0.66 12/Jul/2024 13.61 11.54 LU1250987382
Class A2 Hedged EUR 13.04 -0.07 -0.53 12/Jul/2024 13.11 11.15 LU1279613365
Class I4 EUR 12.37 -0.08 -0.64 12/Jul/2024 12.45 10.55 LU1330249480
Class A2 Hedged PLN 131.38 -0.75 -0.57 12/Jul/2024 132.13 111.36 LU1499592209
Class A4 GBP 35.32 -0.33 -0.93 12/Jul/2024 35.65 30.93 LU0204061278
Class D2 USD 54.29 -0.32 -0.59 12/Jul/2024 54.61 45.60 LU0411709560
Class D2 GBP 41.84 -0.40 -0.95 12/Jul/2024 42.24 36.52 LU0827875187
Class I4 GBP 10.38 -0.09 -0.86 12/Jul/2024 10.47 9.04 LU1260044513
Class I2 Hedged AUD 11.02 -0.06 -0.54 12/Jul/2024 11.08 9.34 LU1664188957
Class A2 Hedged CHF 12.53 -0.07 -0.56 12/Jul/2024 12.66 10.88 LU1279613100
Class X4 GBP 34.32 -0.32 -0.92 12/Jul/2024 34.64 29.81 LU0462858753
Class D2 Hedged EUR 13.94 -0.08 -0.57 12/Jul/2024 14.02 11.87 LU1279613522
Class D2 Hedged CHF 13.38 -0.07 -0.52 12/Jul/2024 13.45 11.56 LU1279613282
Class I4 USD 13.46 -0.08 -0.59 12/Jul/2024 13.54 11.28 LU1250982748
Class D2 Hedged AUD 22.41 -0.13 -0.58 12/Jul/2024 22.54 19.04 LU1697774625
Class A2 Hedged SGD 14.06 -0.08 -0.57 12/Jul/2024 14.14 12.03 LU1048588211

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Lucy Liu (INV)
Lucy Liu (INV)

Literature

Literature