Equity

BGF Sustainable Global Dynamic Equity 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 value of equities and equity-related securities can be affected by daily stock market movements, political factors, economic news, company earnings and significant corporate events. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets, failed/delayed delivery of securities or payments to the Fund and sustainability-related risks. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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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Chart
Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Values. Range: -30 to 40.
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During this period performance was achieved under circumstances that no longer apply
*Prior to 23/Feb/2024, the Fund used a different benchmark which is reflected in the benchmark data.
  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) -2.5 4.9 16.6 -15.1 22.3 22.1 13.6 -22.8 14.0 13.6
Constraint Benchmark 1 (%) -0.8 9.1 23.7 -8.2 27.9 15.1 21.7 -16.5 23.4 17.4

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

  1y 3y 5y 10y Incept.
13.62 0.00 6.76 5.55 3.95
Constraint Benchmark 1 (%)

as of 31/Dec/2024

17.41 6.56 11.13 10.30 7.76
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
13.62 -2.59 -1.04 1.17 13.62 0.00 38.66 71.60 95.30
Constraint Benchmark 1 (%)

as of 31/Dec/2024

17.41 -2.37 -0.99 5.56 17.41 21.00 69.49 166.64 263.71
  From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
From
31-Dec-2023
To
31-Dec-2024
Total Return (%)

as of 31/Dec/2024

22.11 13.55 -22.77 13.96 13.62
Constraint Benchmark 1 (%)

as of 31/Dec/2024

15.08 21.72 -16.52 23.45 17.41

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 20/Jan/2025
USD 435,401,441
Fund Launch Date
31/Jul/2006
Fund Base Currency
USD
Constraint Benchmark 1
MSCI All Country World Net TR Index
SFDR Classification
Article 8
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
B3F0 GR
Share Class launch date
18/Sept/2007
Share Class Currency
EUR
Asset Class
Equity
Comparator Benchmark 2
FTSE World Index
SDR classification
Overseas ESG - out of scope
Ongoing Charges Figures
1.81%
ISIN
LU0238690555
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B43L5R9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Dec/2024
105
Equity Price/Earnings (FY1)
as of 31/Dec/2024
24.51
Effective Duration Fixed Income
as of 31/Dec/2024
0.00
3y Beta
as of 31/Dec/2024
0.941
Average Market Cap (Millions)
as of 31/Dec/2024
USD 844,670.45
Effective Duration Fixed Income and Cash
as of 31/Dec/2024
0.00

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.

Sustainability-related Disclosure

Sustainability-related Disclosure

This section provides sustainability-related information about the Fund, pursuant to Article 10 SFDR.

Risk Indicator

Risk Indicator

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3
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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Sustainable Global Dynamic Equity Fund, Class A2 Hedged, as of 31/Jul/2018 rated against 228 Other Equity Funds.

Holdings

Holdings

as of 31/Dec/2024
Name Weight (%)
MICROSOFT CORP 5.54
NVIDIA CORP 5.44
MASTERCARD INC CLASS A 3.57
APPLE INC 3.07
ALPHABET INC CLASS C 2.90
Name Weight (%)
AMAZON COM INC 2.26
UNITEDHEALTH GROUP INC 2.11
MARSH & MCLENNAN INC 2.03
TAIWAN SEMICONDUCTOR MANUFACTURING 1.95
INTUITIVE SURGICAL INC 1.94
as of 29/Mar/2024
Name Weight (%)
REI AGRO LTD RegS 5.5 11/13/2014 0.00
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Dec/2024

% of Net Assets

Allocations subject to change.
as of 31/Dec/2024

% of Net Assets

as of 31/Dec/2024

% of Market Value

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as of 31/Dec/2024

% of Market Value

as of 31/Dec/2024

% of Net Assets

as of 31/Dec/2024

% of Market Value

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.

% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds. On a market value basis the Fund is comprised of 89% equities, 2% fixed income, 9% cash equivalents. The Funds will not use borrowing to purchase additional investments but may be expected, via derivative positions, to obtain market exposure in excess of net asset value.


Pricing & Exchange

Pricing & Exchange

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

Randy Berkowitz
Managing Director

Randy Berkowitz, CFA, Managing Director, is a member of the Global Allocation Team . He is a Senior Investor and Head of quantitative strategies and research which serves to drive the Team’s asset allocation process, security sizing and risk management, in addition to covering sub industries within the Healthcare sector.

Russ Koesterich
Managing Director

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

Kate Moore
Managing Director

Kate Moore, Managing Director, is a member of the Global Allocation investment team and Head of Thematic Strategy. Her investment mandate includes identifying opportunities to exploit structural change, policy evolution, and dislocations across global industries. She is a member of the Human Capital Committee.

Sarah Thompson
Managing Director

Sarah Thompson, CFA, Managing Director, is a member of the Global Allocation Team, .  She is a senior investor, primarily responsible for coverage of the chemicals, metals & mining, midstream and utilities sectors. global fundamental credit, private placements, distressed investments.