Equity

BGF World Energy 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 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 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 may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. 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.

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
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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 (%) -10.0 -26.3 52.5 -9.0 -16.7 7.8 -30.8 42.7 56.2 -1.7
Constraint Benchmark 1 (%) -6.4 -19.0 52.5 -3.8 -11.1 8.0 -31.9 40.6 60.2 -1.5

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

  1y 3y 5y 10y Incept.
7.57 19.69 11.32 4.23 5.45
Constraint Benchmark 1 (%) 10.68 21.25 11.65 6.64 7.83
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
10.12 6.13 5.70 1.56 7.57 71.47 70.98 51.33 187.17
Constraint Benchmark 1 (%) 11.40 7.14 5.70 1.44 10.68 78.26 73.53 90.16 347.41
  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

-42.70 60.20 54.61 14.64 -10.91
Constraint Benchmark 1 (%)

as of 30/Sept/2024

-44.82 64.59 51.44 15.47 -7.06

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 GBP, 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 23/Dec/2024
USD 1,865,187,039
Fund Launch Date
15/Mar/2001
Fund Base Currency
USD
Constraint Benchmark 1
MSCI World Energy 30% Buffer 10-40 Index
Initial Charge
5.00%
Management Fee
1.75%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MWENADS
Share Class launch date
19/Jan/2005
Share Class Currency
GBP
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
2.06%
ISIN
LU0204068364
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Sector Equity Energy
Dealing Frequency
Daily, forward pricing basis
SEDOL
B08HF63

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
29
Standard Deviation (3y)
as of 30/Nov/2024
22.70%
P/E Ratio
as of 29/Nov/2024
12.12
12 Month Trailing Dividend Distribution Yield
as of 30/Nov/2024
0.95
3y Beta
as of 30/Nov/2024
1.007
P/B Ratio
as of 29/Nov/2024
2.13

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
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7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF World Energy Fund, Class A4, as of 30/Nov/2024 rated against 114 Sector Equity Energy Funds.

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
SHELL PLC 9.72
EXXON MOBIL CORP 9.06
CONOCOPHILLIPS 7.29
WILLIAMS COMPANIES INC 5.76
TOTALENERGIES SE 5.65
Name Weight (%)
CHENIERE ENERGY INC 4.84
EOG RESOURCES INC 4.84
TARGA RESOURCES CORP 4.80
CANADIAN NATURAL RESOURCES LTD 4.29
CHEVRON CORP 4.14
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 29/Nov/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 A4 GBP 16.74 0.03 0.18 23/Dec/2024 19.77 15.99 LU0204068364
Class A2 Hedged AUD 8.41 -0.01 -0.12 23/Dec/2024 9.91 8.17 LU1023058172
Class A4 EUR 20.24 -0.01 -0.05 23/Dec/2024 23.21 18.72 LU0408222247
Class I2 EUR 26.44 0.00 0.00 23/Dec/2024 30.03 23.97 LU2708802744
Class A2 Hedged HKD 10.70 0.00 0.00 23/Dec/2024 12.55 10.35 LU0788109394
Class D4 GBP 16.93 0.03 0.18 23/Dec/2024 20.04 16.17 LU0630472362
Class A10 USD 9.23 0.00 0.00 23/Dec/2024 11.32 9.23 LU2533724600
Class I2 USD 27.48 0.00 0.00 23/Dec/2024 31.71 26.03 LU0368250907
Class I5 USD 10.43 0.00 0.00 23/Dec/2024 12.22 10.09 LU2629201513
Class A2 Hedged CHF 6.00 -0.01 -0.17 23/Dec/2024 7.17 5.94 LU0589470672
Class A2 Hedged EUR 5.77 0.00 0.00 23/Dec/2024 6.79 5.60 LU0326422176
Class I2 Hedged EUR 6.75 -0.01 -0.15 23/Dec/2024 7.90 6.50 LU0368235932
Class D2 EUR 26.22 0.00 0.00 23/Dec/2024 29.79 23.83 LU0252963896
Class D4 USD 21.13 0.00 0.00 23/Dec/2024 24.86 20.42 LU0827888750
Class A2 EUR 22.76 -0.01 -0.04 23/Dec/2024 25.88 20.84 LU0171301533
Class D2 USD 27.25 -0.01 -0.04 23/Dec/2024 31.51 25.88 LU0252969075
Class A2 Hedged SGD 6.27 0.00 0.00 23/Dec/2024 7.39 6.10 LU0368265418
Class D4 EUR 20.33 0.00 0.00 23/Dec/2024 23.36 18.80 LU0827888677
Class D2 Hedged EUR 6.54 0.00 0.00 23/Dec/2024 7.66 6.30 LU0326422333
Class A2 USD 23.66 -0.01 -0.04 23/Dec/2024 27.50 22.63 LU0122376428
Class D2 Hedged CHF 6.57 0.00 0.00 23/Dec/2024 7.81 6.45 LU0827888834

Portfolio Managers

Portfolio Managers

Alastair Bishop
Alastair Bishop
Mark Hume
Director and Portfolio Manager

Mark HumeDirector and Portfolio Manager is a member of the Thematic and Sector team within BlackRock's Fundamental Equity division. Mr. Hume co-manages Energy strategies (BGF World Energy, BlackRock Energy & Resources Trust, BlackRock Energy Opportunities) as well as the BlackRock Energy & Resources Income Trust.

Literature

Literature