Equity

BGF US Basic Value Fund

  • NAV as of 21-Nov-24 EUR 124.54
    52 WK: 101.47 - 125.19
  • 1 Day NAV Change as of 21-Nov-24 0.52 (0.42%)

Overview

Investment Approach


The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets.

The Fund invests at least 70% of its total assets in the equity securities (e.g. shares) of companies domiciled in, or the main business of which is in, the United States.

The Fund places particular emphasis on equity securities of companies that are undervalued, where in the investment adviser’s (IA) opinion, their market price does not reflect their underlying worth.

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.

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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Distributions

Ex-Date Total Distribution
View full table
Ex-Date Total Distribution
For more information: +44 (0) 20 7743 3300 • www.blackrock.com • investor.services@blackrock.com

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 (%) 24.11 2.08 20.13 -5.73 -5.91 24.18 -7.53 29.46 0.15 7.31
Target Benchmark 1 (%) 29.19 7.13 20.85 -0.16 -3.64 28.87 -5.69 34.66 -1.48 7.69

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

  1y 3y 5y 10y Incept.
Total Return (%) 20.21 6.89 8.64 7.45 6.79
Target Benchmark 1 (%) 27.52 9.14 10.74 10.44 8.98
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 11.57 1.05 -1.14 2.37 20.21 22.11 51.32 105.17 263.83
Target Benchmark 1 (%) 17.41 1.67 2.63 8.94 27.52 30.02 66.56 169.95 441.54
  From
30-Sep-2019
To
30-Sep-2020		 From
30-Sep-2020
To
30-Sep-2021		 From
30-Sep-2021
To
30-Sep-2022		 From
30-Sep-2022
To
30-Sep-2023		 From
30-Sep-2023
To
30-Sep-2024
Total Return (%)

as of 30-Sep-24

-15.89 40.85 4.13 3.91 14.93
Target Benchmark 1 (%)

as of 30-Sep-24

-11.70 36.61 4.86 5.89 21.20

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 EUR, 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-Nov-24
USD 882,090,941
Fund Launch Date
08-Jan-97
Base Currency
USD
Target Benchmark 1
Russell 1000 Value, expressed in EUR
Initial Charge
5.00%
Management Fee
1.50%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MERBVAA
Inception Date
07-Mar-05
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.80%
ISIN
LU0213336463
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
US Large-Cap Value Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B43C8G2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-Oct-24
85
Standard Deviation (3y)
as of 31-Oct-24
11.89%
P/E Ratio
as of 31-Oct-24
14.45
12 Month Trailing Dividend Distribution Yield
as of 31-Oct-24
0.43
3y Beta
as of 31-Oct-24
0.822
P/B Ratio
as of 31-Oct-24
1.79

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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, 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.

MSCI - Controversial Weapons
as of 31-Oct-24
0.00%
MSCI - Nuclear Weapons
as of 31-Oct-24
0.00%
MSCI - Civilian Firearms
as of 31-Oct-24
0.00%
MSCI - Tobacco
as of 31-Oct-24
0.00%
MSCI - UN Global Compact Violators
as of 31-Oct-24
0.00%
MSCI - Thermal Coal
as of 31-Oct-24
0.00%
MSCI - Oil Sands
as of 31-Oct-24
0.00%
Business Involvement Coverage
as of 31-Oct-24
3.53%
Percentage of Fund not covered
as of 31-Oct-24
96.51%
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 0.00% and for Oil Sands 0.00%.

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

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

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2
3
4
5
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7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Holdings

Holdings

as of 31-Oct-24
Name Weight (%)
WELLS FARGO 3.90
CITIGROUP INC 3.10
FIRST CITIZENS BANCSHARES INC CLAS 2.56
SS AND C TECHNOLOGIES HOLDINGS INC 2.46
CVS HEALTH CORP 2.44
Name Weight (%)
CARDINAL HEALTH INC 2.44
MICROSOFT CORP 2.26
MEDTRONIC PLC 2.15
COMCAST CORP CLASS A 2.11
BP ADR EACH REPRESENTING SIX PLC 1.99
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-24

% of Market Value

Type Fund Benchmark Net
as of 31-Oct-24

% 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 A4 EUR 124.54 0.52 0.42 21-Nov-24 125.19 101.47 LU0213336463
Class A2 Hedged SGD 24.11 0.12 0.50 21-Nov-24 24.50 20.72 LU0602533316
Class A2 Hedged CNH 209.23 1.06 0.51 21-Nov-24 212.71 181.74 LU1333800354
Class A10 USD 11.13 0.06 0.54 21-Nov-24 11.42 10.14 LU2533723545
Class D2 GBP 121.75 0.69 0.57 21-Nov-24 121.75 102.45 LU0827886200
Class C2 Hedged EUR 63.37 0.32 0.51 21-Nov-24 64.41 55.12 LU0200685583
Class E2 Hedged EUR 64.30 0.31 0.48 21-Nov-24 65.35 55.51 LU0200685666
Class D2 EUR 146.03 0.62 0.43 21-Nov-24 146.75 117.58 LU0827886119
Class A4 GBP 103.69 0.58 0.56 21-Nov-24 103.70 88.27 LU0204064967
Class E2 USD 119.63 0.58 0.49 21-Nov-24 121.50 101.42 LU0147417710
Class A2 EUR 127.22 0.54 0.43 21-Nov-24 127.88 103.21 LU0171293920
Class D2 Hedged EUR 84.55 0.42 0.50 21-Nov-24 85.90 72.09 LU0329591993
Class D4 GBP 104.82 0.59 0.57 21-Nov-24 104.82 89.19 LU0827886549
Class X2 USD 183.89 0.92 0.50 21-Nov-24 186.64 152.41 LU0147417983
Class D2 USD 153.85 0.76 0.50 21-Nov-24 156.19 128.81 LU0275209954
Class A2 Hedged EUR 77.26 0.39 0.51 21-Nov-24 78.50 66.37 LU0200685153
Class I2 USD 153.58 0.76 0.50 21-Nov-24 155.91 128.25 LU0368249990
Class A2 USD 134.03 0.66 0.49 21-Nov-24 136.10 113.06 LU0072461881
Class A2 GBP 106.07 0.60 0.57 21-Nov-24 106.08 89.91 LU0171296279
Class D4 USD 132.72 0.66 0.50 21-Nov-24 134.74 112.35 LU0827886465
Class E2 EUR 113.55 0.47 0.42 21-Nov-24 114.15 92.58 LU0171295891
Class I2 EUR 145.77 0.61 0.42 21-Nov-24 146.49 117.07 LU1559748261
Class A4 USD 131.22 0.65 0.50 21-Nov-24 133.24 111.16 LU0162691827
Class C2 USD 92.41 0.45 0.49 21-Nov-24 93.87 78.93 LU0147417470

Portfolio Managers

Portfolio Managers

Tony DeSpirito
Tony DeSpirito
David Zhao
David Zhao

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment EUR 10,000
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
7,730 EUR
-22.7%
2,560 EUR
-23.8%

Unfavourable

What you might get back after costs
Average return each year
7,730 EUR
-22.7%
8,290 EUR
-3.7%

Moderate

What you might get back after costs
Average return each year
10,020 EUR
0.2%
13,470 EUR
6.1%

Favourable

What you might get back after costs
Average return each year
14,130 EUR
41.3%
15,180 EUR
8.7%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature