Equity

BGAMX

Global Impact Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y Incept.
8.76 -9.56 - - 3.37
3.05 -11.17 - - 1.83
Benchmark (%) 22.20 5.75 - - 12.39
Morningstar Category Avg. (%) 23.64 0.52 - - -
Morningstar Ranking 355/363 318/331 - - -
Morningstar Quartile 4 4 - - -
Lipper Ranking 169/174 142/155 - - -
Lipper Quartile 4 4 - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
8.76 6.15 11.99 8.76 -26.03 - - 12.67
3.05 0.58 6.11 3.05 -29.91 - - 6.75
Benchmark (%) 22.20 4.80 11.03 22.20 18.25 - - 52.10
Morningstar Category Avg. (%) 23.64 5.44 12.63 23.64 1.56 - - -
  2019 2020 2021 2022 2023
Total Return (%) - - -5.63 -27.93 8.76
Annual w/ Sales Charge (%) - - -10.58 -31.71 3.05
Benchmark (%) - - 18.54 -18.36 22.20
Morningstar Category Avg. (%) - - 12.84 -27.90 23.64

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

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Mar 28, 2024 $6.6 M
Share Class launch date May 27, 2020
Size of Class (Millions) as of Mar 28, 2024 $0.3 M
Asset Class Equity
Morningstar Category Global Large-Stock Growth
Lipper Classification Global Multi-Cap Growth
Benchmark Index MSCI All Country World Index
Distribution Frequency Annual
Number of Holdings as of Feb 29, 2024 59
CUSIP 09260J500
Max Offer Price as of Mar 28, 2024 $10.58
Open to New Investors Yes
Turnover Percent in the Annual Report as of Apr 30, 2023 65.00%

Portfolio Characteristics

Portfolio Characteristics

12m Yield as of Jul 31, 2021 0.80%
30 Day SEC Yield as of - -
P/B Ratio as of Feb 29, 2024 3.34
P/E Ratio - Forward as of Feb 29, 2024 21.57
Alpha (3y) as of Feb 29, 2024 -1.41
Average Market Cap (Millions) as of Feb 29, 2024 $ 1,380,240,423.5 M
R-Squared (3y) as of Feb 29, 2024 83.00
Fund Standard Deviation (3y) as of Feb 29, 2024 18.61
Beta (3y) as of Feb 29, 2024 1.02
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2024 14.88%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2022 -19.03%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund seeks to follow a sustainable, impact or ESG investment strategy, as disclosed in its prospectus. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Mar 21, 2024 AA
MSCI ESG % Coverage as of Mar 21, 2024 96.77%
MSCI ESG Quality Score (0-10) as of Mar 21, 2024 7.2
MSCI ESG Quality Score - Peer Percentile as of Mar 21, 2024 61.63%
Fund Lipper Global Classification as of Mar 21, 2024 Equity Global
Funds in Peer Group as of Mar 21, 2024 5,554
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Mar 21, 2024 71.69
MSCI Weighted Average Carbon Intensity % Coverage as of Mar 21, 2024 91.56%
All data is from MSCI ESG Fund Ratings as of Mar 21, 2024, based on holdings as of Sep 30, 2023. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

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.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. 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.

MSCI - Controversial Weapons as of - -
MSCI - UN Global Compact Violators as of - -
MSCI - Nuclear Weapons as of - -
MSCI - Thermal Coal as of - -
MSCI - Civilian Firearms as of - -
MSCI - Oil Sands as of - -
MSCI - Tobacco as of - -

Business Involvement Coverage as of - -
Percentage of Fund not covered as of - -
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal -% and for Oil Sands -%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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.

In addition to the investment process described in the Fund documentation, the Fund manager also considers ESG criteria during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from BlackRock’s internal ESG research, third-party data providers, and engagement with company management, where available. The Fund manager incorporates filters, which may include exposures to material environmental, social and governance risks, and uses BlackRock’s internal business involvement and controversy flags, among other tools, when evaluating the investable universe. The Fund manager may also meet with company management and visit company sites to assist in assessing ESG concerns. Relevant ESG considerations, to the extent available, may be recorded in internal stock written communications as well as in analysts’ company meeting notes. Material ESG considerations form part of the team’s regular security presentations, and are discussed as appropriate during Risk and Quantitative Analysis group reviews, portfolio attribution reviews, team meetings, and reviews with the Chief Investment Officers.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.26%
Net Expense Ratio 1.10%

Net Expense Ratio excluding Investment Related Expenses is 1.10%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Lipper Leader

 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Feb 29, 2024 out of 152, 12,519, 152, 37 and 152 Funds, respectively in Lipper's Global Multi-Cap Growth classification.

Holdings

Holdings

as of Feb 29, 2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 3.41
BANK RAKYAT INDONESIA (PERSERO) TBK PT 3.17
WISE PLC 3.10
ASML HOLDING NV 2.90
BOSTON SCIENTIFIC CORPORATION 2.87
Name Weight (%)
ICF INTERNATIONAL INC 2.68
MERCADOLIBRE INC 2.60
SCHNEIDER ELECTRIC SE 2.59
CLEAN HARBORS INC 2.52
PEARSON PLC 2.46
Name Weight (%) Shares Market Value
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 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.

Portfolio Managers

Portfolio Managers

Carrie King
BlackRock Fundamental Equities

Carrie King, Managing Director, is Global Deputy CIO within BlackRock's Fundamental Equities business.

 

Ms. King's service with the firm dates back to 1993, including her years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Ms. King has been a member of the Basic Value team serving several roles including senior fund analyst, associate portfolio manager, and industry analyst, all with an emphasis on a value-oriented investment style. Prior to joining MLIM, Ms. King was an industry analyst in leveraged finance for The Fuji Bank and a sell-side equity securities analyst for Kidder, Peabody & Co. She began her career as a research analyst for John Hancock Financial Services.

 

Ms. King earned a BS degree in business administration from Boston University and an MBA degree from New York University.

Portfolio Manager

Literature

Literature

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