Equity

BGF World Gold 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 (%) -4.7 -21.3 51.8 2.3 -19.1 33.7 24.8 -10.6 -19.1 4.6
Constraint Benchmark 1 (%) -15.2 -21.4 59.6 9.1 -11.3 41.2 23.2 -12.7 -15.5 9.4

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

  1y 3y 5y 10y Incept.
13.39 -6.58 7.00 2.42 -3.78
Constraint Benchmark 1 (%) 12.21 -6.43 8.16 4.01 -3.78
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
14.54 6.27 34.19 14.54 13.39 -18.46 40.29 27.07 -36.16
Constraint Benchmark 1 (%) 8.29 4.63 32.60 10.56 12.21 -18.08 48.00 48.14 -36.11
  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

-2.31 39.81 8.51 -15.84 -5.23
Constraint Benchmark 1 (%)

as of 31/Mar/2024

10.80 29.98 16.26 -19.96 -3.76

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 GBP, 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 13/Jun/2024
USD 3,915,538,352
Fund Launch Date
30/Dec/1994
Fund Base Currency
USD
Constraint Benchmark 1
FTSE Gold Mines Index
Initial Charge
5.00%
ISIN
LU0827889212
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BWGD2RF
Share Class launch date
11/Oct/2012
Share Class Currency
GBP
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.32%
Annual Management Fee
1.00%
Minimum Initial Investment
GBP 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B83WK08

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
41
3y Beta
as of 31/May/2024
0.876
P/B Ratio
as of 31/May/2024
1.85
Standard Deviation (3y)
as of 31/May/2024
30.51%
P/E Ratio
as of 31/May/2024
18.77

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 Medalist Rating

Morningstar Medalist Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. (Effective 13/Jun/2019)

Holdings

Holdings

as of 31/May/2024
Name Weight (%)
AGNICO EAGLE MINES LTD (ONTARIO) 7.48
NEWMONT CORPORATION 7.32
BARRICK GOLD CORP 6.89
ENDEAVOUR MINING PLC 6.54
KINROSS GOLD CORP (ONTARIO) 5.53
Name Weight (%)
NORTHERN STAR RESOURCES LTD 5.49
ALAMOS GOLD INC 4.69
WHEATON PRECIOUS METALS CORP 4.50
PAN AMERICAN SILVER CORP 3.99
SPROTT PHYSICAL SILVER TRUST 3.79
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 D2 Hedged GBP 21.19 -0.36 -1.67 13/Jun/2024 23.07 16.27 LU0827889212
Class A10 USD 12.56 -0.21 -1.64 13/Jun/2024 13.81 9.95 LU2533724436
Class D2 Hedged SGD 6.46 -0.11 -1.67 13/Jun/2024 7.05 4.98 LU0827889303
Class I2 EUR 39.25 -0.51 -1.28 13/Jun/2024 42.52 30.27 LU0368236070
Class D2 Hedged EUR 5.49 -0.10 -1.79 13/Jun/2024 5.99 4.24 LU0326423067
Class A10 Hedged CNH 103.68 -1.83 -1.73 13/Jun/2024 113.68 81.75 LU2713296288
Class A2 Hedged CNH 106.98 -1.89 -1.74 13/Jun/2024 116.96 82.90 LU2713296106
Class A4 USD 36.60 -0.64 -1.72 13/Jun/2024 39.92 28.20 LU0724618789
Class A2 EUR 33.94 -0.44 -1.28 13/Jun/2024 36.79 26.25 LU0171305526
Class A2 Hedged SGD 5.92 -0.10 -1.66 13/Jun/2024 6.46 4.58 LU0368265764
Class D2 Hedged CHF 5.39 -0.09 -1.64 13/Jun/2024 5.89 4.16 LU0669555244
Class I2 USD 42.34 -0.73 -1.69 13/Jun/2024 46.14 32.50 LU0368252358
Class A2 Hedged AUD 9.89 -0.17 -1.69 13/Jun/2024 10.79 7.65 LU1023058768
Class A4 EUR 33.93 -0.45 -1.31 13/Jun/2024 36.79 26.25 LU0408222320
Class I2 Hedged EUR 5.63 -0.10 -1.75 13/Jun/2024 6.14 4.35 LU0368236153
Class A2 USD 36.61 -0.64 -1.72 13/Jun/2024 39.92 28.20 LU0055631609
Class A2 Hedged HKD 6.89 -0.12 -1.71 13/Jun/2024 7.52 5.32 LU0788108826
Class D2 USD 42.01 -0.73 -1.71 13/Jun/2024 45.79 32.28 LU0252968424
Class D4 EUR 36.13 -0.47 -1.28 13/Jun/2024 39.16 27.89 LU0827889139
Class D2 EUR 38.94 -0.51 -1.29 13/Jun/2024 42.20 30.06 LU0252963623
Class A2 Hedged PLN 102.94 -1.79 -1.71 13/Jun/2024 112.22 79.39 LU1499592118
Class A2 Hedged EUR 4.84 -0.09 -1.83 13/Jun/2024 5.29 3.75 LU0326422689
Class A2 Hedged CHF 4.90 -0.08 -1.61 13/Jun/2024 5.35 3.79 LU0521028471

Portfolio Managers

Portfolio Managers

Evy Hambro
Evy Hambro
Tom Holl
Tom Holl

Literature

Literature