Equity

BGF World Mining 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

  • Returns

  From
31-Mar-2015
To
31-Mar-2016
From
31-Mar-2016
To
31-Mar-2017
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 31-Mar-20

-23.23 33.05 16.21 -1.09 -27.29
Benchmark (%) Index: Euromoney Global Mining Constrained Weights Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 31-Mar-20

-19.87 42.55 16.35 2.67 -20.76

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 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

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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 26-May-20 USD 4,154.331
Base Currency U.S. Dollar
Fund Launch Date 21-Mar-97
Share Class launch date 11-Mar-15
Asset Class Equity
Morningstar Category Sector Equity Other
Benchmark Index Euromoney Global Mining Constrained Weights Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0827890228
Bloomberg Ticker BWMD2SH
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B8BD252
Bloomberg Benchmark Ticker HSBCMINING
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment SGD 100000
Minimum Subsequent Investment SGD 1000
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material 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 Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 01-May-20 45.59
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 01-May-20 Equity Sector Materials
All data is from MSCI ESG Fund Ratings as of 01-May-20, based on holdings as of 31-Oct-19. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.


Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 30-Apr-20
Name Weight (%)
BHP GROUP PLC 8.75
NEWMONT CORPORATION 8.57
RIO TINTO PLC 7.84
BARRICK GOLD CORP 5.43
VALE SA 5.08
Name Weight (%)
ANGLO AMERICAN PLC 4.96
WHEATON PRECIOUS METALS CORP 4.92
FRANCO NEVADA CORP 4.45
GMK NORILSKIY NIKEL PAO 3.58
NORTHERN STAR RESOURCES LTD 3.24
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 D2 Hedged SGD None 5.17 0.02 0.39 5.79 3.48 - LU0827890228 - -
Class A2 Hedged EUR None 3.00 0.01 0.33 3.37 2.02 - LU0326424115 - -
Class A4 GBP Annual 28.03 -0.23 -0.81 30.73 19.83 - LU0204068877 - -
Class D2 Hedged GBP None 22.18 0.08 0.36 25.03 14.91 - LU0827890145 - -
Class A2 Hedged HKD None 6.49 0.02 0.31 7.20 4.35 - LU0788109121 - -
Class D2 Hedged CHF None 5.25 0.02 0.38 5.86 3.53 - LU0827889998 - -
Class A4 EUR Annual 32.38 -0.14 -0.43 35.50 22.08 - LU0408222593 - -
Class D4 GBP Annual 28.24 -0.24 -0.84 31.00 19.95 - LU0827889725 - -
Class D2 Hedged EUR None 3.29 0.02 0.61 3.67 2.21 - LU0326425278 - -
Class A2 USD None 37.06 0.14 0.38 41.01 24.86 - LU0075056555 - -
Class I2 EUR None 37.37 -0.16 -0.43 40.82 25.44 - LU0368236583 - -
Class D2 USD None 41.25 0.15 0.36 45.54 27.64 - LU0252968341 - -
Class A2 Hedged SGD None 3.36 0.01 0.30 3.78 2.27 - LU0330918003 - -
Class D2 EUR None 37.57 -0.16 -0.42 41.08 25.59 - LU0252963383 - -
Class I2 Hedged EUR None 3.39 0.02 0.59 3.78 2.27 - LU0368236740 - -
Class A2 Hedged AUD None 7.39 0.02 0.27 8.50 5.01 - LU1023059493 - -
Class I2 USD None 41.03 0.15 0.37 45.25 27.48 - LU0368260294 - -
Class A2 EUR None 33.75 -0.14 -0.41 37.00 23.02 - LU0172157280 - -
Class A2 Hedged PLN None 5.49 0.02 0.37 6.15 3.69 - LU0480534758 - -
Class D2 Hedged PLN None 5.81 0.02 0.35 6.49 3.90 - LU0827890061 - -
Class A2 Hedged CHF None 4.95 0.01 0.20 5.56 3.33 - LU0521028554 - -

Portfolio Managers

Portfolio Managers

Evy Hambro
Evy Hambro
Olivia Markham
Olivia Markham

Literature

Literature