Equity

BGF World Mining 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. 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

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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Reinvestments

This product does not have any distributions data as of now.

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 (%) -23.8 -41.5 49.7 29.9 -18.3 18.4 31.0 15.3 -0.5 -2.7
Constraint Benchmark 1 (%) -16.8 -41.1 66.9 31.2 -13.6 28.0 34.0 14.1 -1.0 8.5

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

  1y 3y 5y 10y Incept.
11.37 -2.24 12.02 2.61 -3.86
Constraint Benchmark 1 (%) 21.57 0.74 15.71 7.28 1.64
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.84 2.90 18.33 11.15 11.37 -6.58 76.40 29.38 -47.79
Constraint Benchmark 1 (%) 5.17 2.61 16.91 12.89 21.57 2.24 107.39 101.91 30.72
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

-27.86 103.47 31.12 -16.93 -9.06
Constraint Benchmark 1 (%)

as of 31/Mar/2024

-20.76 103.79 25.65 -12.25 1.82

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 SGD, 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 21/Jun/2024
USD 4,828,317,336
Fund Launch Date
21/Mar/1997
Fund Base Currency
USD
Constraint Benchmark 1
MSCI ACWI Metals & Mining 30% Buffer 10/40 Index
Initial Charge
5.00%
ISIN
LU0330918003
Performance Fee
0.00%
Minimum Subsequent Investment
SGD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MIGWMA2
Share Class launch date
27/Nov/2007
Share Class Currency
SGD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
2.06%
Annual Management Fee
1.75%
Minimum Initial Investment
SGD 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B43DSJ8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
51
3y Beta
as of 31/May/2024
0.980
P/B Ratio
as of 31/May/2024
2.03
Standard Deviation (3y)
as of 31/May/2024
27.65%
P/E Ratio
as of 31/May/2024
17.62

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 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, 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

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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 World Mining Fund, Class A2 Hedged, as of 31/Jul/2018 rated against 228 Other Equity Funds.

Holdings

Holdings

as of 31/May/2024
Name Weight (%)
GLENCORE PLC 8.68
RIO TINTO PLC 6.59
FREEPORT-MCMORAN INC 6.17
BHP GROUP LTD 6.15
ANGLO AMERICAN PLC 5.66
Name Weight (%)
NEWMONT CORPORATION 4.79
TECK RESOURCES LTD 4.17
AGNICO EAGLE MINES LTD (ONTARIO) 3.94
WHEATON PRECIOUS METALS CORP 3.88
IVANHOE MINES LTD 3.87
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 31/May/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 Hedged SGD 5.29 -0.04 -0.75 21/Jun/2024 5.95 4.74 LU0330918003
Class A4 GBP 42.60 -0.19 -0.44 21/Jun/2024 47.53 37.94 LU0204068877
Class A2 USD 61.70 -0.49 -0.79 21/Jun/2024 69.27 54.64 LU0075056555
Class A2 EUR 57.75 -0.24 -0.41 21/Jun/2024 63.85 50.85 LU0172157280
Class D2 EUR 66.29 -0.27 -0.41 21/Jun/2024 73.23 58.23 LU0252963383
Class D2 USD 70.82 -0.56 -0.78 21/Jun/2024 79.46 62.42 LU0252968341
Class I4 GBP 10.39 -0.04 -0.38 21/Jun/2024 11.58 9.22 LU2527846328
Class I2 Hedged EUR 5.28 -0.05 -0.94 21/Jun/2024 5.94 4.71 LU0368236740
Class A2 Hedged HKD 10.51 -0.09 -0.85 21/Jun/2024 11.82 9.37 LU0788109121
Class A2 Hedged AUD 11.02 -0.09 -0.81 21/Jun/2024 12.38 9.88 LU1023059493
Class D2 Hedged SGD 8.38 -0.06 -0.71 21/Jun/2024 9.41 7.47 LU0827890228
Class A2 Hedged PLN 8.94 -0.07 -0.78 21/Jun/2024 10.03 7.95 LU0480534758
Class I2 USD 71.19 -0.56 -0.78 21/Jun/2024 79.86 62.65 LU0368260294
Class A10 USD 9.86 -0.08 -0.80 21/Jun/2024 11.33 9.06 LU2533724279
Class I2 GBP 56.36 -0.24 -0.42 21/Jun/2024 62.82 50.02 LU2527846245
Class D2 Hedged CHF 7.93 -0.06 -0.75 21/Jun/2024 8.93 7.13 LU0827889998
Class D2 Hedged PLN 9.75 -0.08 -0.81 21/Jun/2024 10.94 8.63 LU0827890061
Class D4 GBP 42.96 -0.19 -0.44 21/Jun/2024 47.90 38.17 LU0827889725
Class I2 EUR 66.63 -0.28 -0.42 21/Jun/2024 73.60 58.48 LU0368236583
Class D2 Hedged GBP 35.24 -0.28 -0.79 21/Jun/2024 39.49 31.14 LU0827890145
Class A4 EUR 51.78 -0.21 -0.40 21/Jun/2024 57.24 45.59 LU0408222593
Class D2 Hedged EUR 5.08 -0.04 -0.78 21/Jun/2024 5.70 4.53 LU0326425278
Class A2 Hedged CHF 7.25 -0.06 -0.82 21/Jun/2024 8.17 6.54 LU0521028554
Class A2 Hedged EUR 4.50 -0.03 -0.66 21/Jun/2024 5.06 4.03 LU0326424115

Portfolio Managers

Portfolio Managers

Evy Hambro
Evy Hambro
Olivia Markham
Olivia Markham

Literature

Literature