Real Estate

BGF World Real Estate Securities 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 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 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 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

Chart

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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 (%) 20.4 0.6 1.4 11.4 -7.6 23.7 -3.5 26.8 -29.8 11.8
Constraint Benchmark 1 (%) 15.0 -0.8 4.1 10.4 -5.6 21.9 -9.0 26.1 -25.1 9.7

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

  1y 3y 5y 10y Incept.
3.55 -7.20 -0.63 2.38 3.39
Constraint Benchmark 1 (%) 4.54 -4.77 -0.69 2.04 2.93
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-5.19 0.07 -2.86 -5.19 3.55 -20.09 -3.12 26.52 46.00
Constraint Benchmark 1 (%) -3.70 0.34 -2.43 -3.70 4.54 -13.63 -3.40 22.43 38.71
  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

-11.02 36.24 -18.34 -5.50 3.55
Constraint Benchmark 1 (%)

as of 30/Jun/2024

-16.25 33.55 -13.44 -4.56 4.54

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 19/Jul/2024
USD 144,075,512
Fund Launch Date
25/Feb/2013
Fund Base Currency
USD
Constraint Benchmark 1
FTSE EPRA/Nareit Developed Index
Initial Charge
5.00%
ISIN
LU0842063009
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
BGWREA2
Share Class launch date
25/Feb/2013
Share Class Currency
USD
Asset Class
Real Estate
SFDR Classification
Other
Ongoing Charges Figures
1.79%
Annual Management Fee
1.50%
Minimum Initial Investment
USD 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Property - Indirect Global
Dealing Frequency
Daily, forward pricing basis
SEDOL
B8X9GF6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
67
3y Beta
as of 30/Jun/2024
0.968
P/B Ratio
as of 28/Jun/2024
1.34
Standard Deviation (3y)
as of 30/Jun/2024
19.63%
P/CF Ratio
as of 28/Jun/2024
14.14

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 the initial screening, sourcing and due diligence phases of the investment process. This may include the use of internal ESG due diligence templates to identify, analyze and document key ESG risks, and the use of thematic environmental, social and governance information sourced from both primary sources and third-party data providers, where available. Where appropriate, identified material ESG risks are included in Investment Committee materials and discussed at relevant Investment Committee meetings. This information may broadly inform investment decisions: ESG criteria are considered in combination with other information. The Fund manager also considers environmental, social and governance criteria during post-investment monitoring and conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include the analysis and discussion of portfolio exposure to material ESG risks, where appropriate.

Risk Indicator

Risk Indicator

1
2
3
4
5
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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 Real Estate Securities Fund, Class A2, as of 30/Jun/2024 rated against 596 Property - Indirect Global Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31/May/2024)

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
EQUINIX REIT INC 6.15
PROLOGIS REIT INC 5.09
WELLTOWER INC 4.80
AVALONBAY COMMUNITIES REIT INC 4.03
EXTRA SPACE STORAGE REIT INC 3.55
Name Weight (%)
MID AMERICA APARTMENT COMMUNITIES 3.14
AGREE REALTY REIT CORP 2.74
VICI PPTYS INC 2.62
MITSUBISHI ESTATE CO LTD 2.53
REGENCY CENTERS REIT CORP 2.52
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
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 15.43 -0.24 -1.53 19/Jul/2024 15.67 12.44 LU0842063009
Class D2 USD USD 13.01 -0.20 -1.51 19/Jul/2024 13.21 10.44 LU0842063264
Class A6 Hedged SGD 9.66 -0.15 -1.53 19/Jul/2024 9.96 8.11 LU2190626643
Class D6 USD 9.94 -0.15 -1.49 19/Jul/2024 10.09 8.16 LU2521848999
Class A10 USD 10.36 -0.16 -1.52 19/Jul/2024 10.83 8.85 LU2533724196
Class A8 Hedged CNH 95.38 -1.47 -1.52 19/Jul/2024 97.11 78.87 LU1499592621
Class A6 USD 9.57 -0.15 -1.54 19/Jul/2024 9.77 7.92 LU1499592464
Class D2 Hedged CHF 9.95 -0.16 -1.58 19/Jul/2024 10.14 8.25 LU1791183350
Class A6 Hedged HKD 98.90 -1.53 -1.52 19/Jul/2024 101.44 82.32 LU2190626999

Portfolio Managers

Portfolio Managers

Raj Rehan
Raj Rehan
James Wilkinson
James Wilkinson
Benjamin Tai
Benjamin Tai

Literature

Literature