Equity

BGF Asian Dragon Fund

  • NAV as of 21/Nov/2024 EUR 50.23
    52 WK: 42.56 - 51.84
  • 1 Day NAV Change as of 21/Nov/2024 -0.36 (-0.71%)
  • Morningstar Rating

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 which are domiciled in, or the main business of which is in, Asia excluding Japan. Many of these countries are developing countries.

The investment adviser (IA) may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to achieve the investment objective of the Fund, and/or to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income. The Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets).

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 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. 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 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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Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

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 (%) 21.0 6.6 12.5 22.1 -12.7 24.0 11.2 4.0 -12.8 -1.1
Constraint Benchmark 1 (%) 19.3 1.2 8.6 24.5 -10.1 20.3 14.7 2.5 -14.4 2.4

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 (%) 14.22 -2.05 3.19 6.16 6.36
Constraint Benchmark 1 (%) 24.59 0.73 5.19 6.20 6.14
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 10.88 -1.66 3.94 4.65 14.22 -6.02 16.99 81.89 176.71
Constraint Benchmark 1 (%) 17.61 -1.92 5.12 9.83 24.59 2.22 28.80 82.47 167.57
  From
30-Sept-2019
To
30-Sept-2020 		From
30-Sept-2020
To
30-Sept-2021 		From
30-Sept-2021
To
30-Sept-2022 		From
30-Sept-2022
To
30-Sept-2023 		From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

3.57 20.54 -15.01 2.97 10.56
Constraint Benchmark 1 (%)

as of 30/Sept/2024

9.55 15.77 -15.71 2.60 22.33

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/2024
USD 715,984,794
Fund Launch Date
02/Jan/1997
Fund Base Currency
USD
Constraint Benchmark 1
MSCI All Country Asia ex Japan Index
Initial Charge
5.00%
Management Fee
0.75%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MERDRDD
Share Class launch date
28/Apr/2008
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.05%
ISIN
LU0329592298
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Asia ex-Japan Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B41FDK2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
55
3y Beta
as of 31/Oct/2024
0.934
P/B Ratio
as of 31/Oct/2024
2.65
Standard Deviation (3y)
as of 31/Oct/2024
14.94%
P/E Ratio
as of 31/Oct/2024
19.38

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

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BGF Asian Dragon Fund, Class D2, as of 31/Oct/2024 rated against 917 Asia ex-Japan Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. (Effective 21/Jun/2019)
Analyst-Driven % as of -
-
Data Coverage % as of -
-

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9.83
TENCENT HOLDINGS LTD 8.07
SK HYNIX INC 4.80
MEITUAN 3.95
SAMSUNG ELECTRONICS CO LTD 2.77
Name Weight (%)
NETEASE INC 2.65
FUYAO GLASS INDUSTRY GROUP CO LTD 2.63
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD 2.57
CELESTICA INC. 2.48
ACCTON TECHNOLOGY CORP 2.11
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/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 D2 EUR 50.23 -0.36 -0.71 21/Nov/2024 51.84 42.56 LU0329592298
Class A2 Hedged PLN 127.68 -0.83 -0.65 21/Nov/2024 137.59 112.09 LU1499592209
Class I2 Hedged AUD 10.65 -0.07 -0.65 21/Nov/2024 11.47 9.42 LU1664188957
Class D4 GBP 35.48 -0.20 -0.56 21/Nov/2024 36.89 31.30 LU0827875260
Class A2 GBP 36.93 -0.21 -0.57 21/Nov/2024 38.43 32.40 LU0171270639
Class I4 GBP 10.25 -0.06 -0.58 21/Nov/2024 10.65 9.04 LU1260044513
Class A2 Hedged SGD 13.55 -0.09 -0.66 21/Nov/2024 14.64 12.10 LU1048588211
Class D2 GBP 41.89 -0.23 -0.55 21/Nov/2024 43.55 36.52 LU0827875187
Class D2 USD 52.93 -0.33 -0.62 21/Nov/2024 56.93 46.17 LU0411709560
Class A2 USD 46.66 -0.30 -0.64 21/Nov/2024 50.24 40.96 LU0072462343
Class A4 GBP 35.10 -0.20 -0.57 21/Nov/2024 36.53 30.93 LU0204061278
Class A2 Hedged CHF 12.03 -0.08 -0.66 21/Nov/2024 13.04 10.89 LU1279613100
Class I2 USD 14.38 -0.09 -0.62 21/Nov/2024 15.46 12.52 LU1214678440
Class I4 EUR 12.30 -0.09 -0.73 21/Nov/2024 12.69 10.55 LU1330249480
Class A2 EUR 44.29 -0.31 -0.70 21/Nov/2024 45.75 37.76 LU0171269466
Class I2 EUR 13.65 -0.09 -0.66 21/Nov/2024 14.08 11.54 LU1250987382
Class D2 Hedged EUR 13.49 -0.09 -0.66 21/Nov/2024 14.56 11.96 LU1279613522
Class I4 USD 12.95 -0.08 -0.61 21/Nov/2024 13.93 11.43 LU1250982748
Class A2 Hedged AUD 14.01 -0.09 -0.64 21/Nov/2024 15.11 12.50 LU1023056804
Class D2 Hedged AUD 21.65 -0.14 -0.64 21/Nov/2024 23.33 19.19 LU1697774625
Class X4 GBP 33.75 -0.19 -0.56 21/Nov/2024 35.05 29.81 LU0462858753
Class A2 Hedged EUR 12.58 -0.09 -0.71 21/Nov/2024 13.59 11.22 LU1279613365
Class D2 Hedged CHF 12.88 -0.09 -0.69 21/Nov/2024 13.95 11.59 LU1279613282

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Lucy Liu (INV)
Lucy Liu (INV)

Literature

Literature