Equity

BGSAX

Technology Opportunities Fund

  • NAV as of Nov 22, 2024 $68.96
    52 WK: 47.87 - 69.37
  • 1 Day NAV Change as of Nov 22, 2024 0.07 (0.10%)
  • NAV Total Return as of Nov 22, 2024 YTD: 35.32%
  • Morningstar Rating

Overview

About this Fund

1. Access to high growth companies leading in technological disruption
2. Seasoned team of technology experts 
3. Seeks growth in technology

Investment Approach

Invests primarily in equity securities of U.S. and non-U.S. companies in all capitalization ranges selected for their rapid and sustainable growth potential from the development, advancement and use of science and/or technology.

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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 49.45 3.71 19.92 19.88
Return w/ Sales Charge (%) 41.61 1.86 18.64 19.23
Benchmark (%) 47.02 12.45 21.17 18.59
Morningstar Category Avg. (%) 34.50 3.08 15.87 16.25
Morningstar Ranking 53/265 159/235 82/202 42/158
Morningstar Quartile 1 3 2 1
Lipper Category Avg. (%) 40.69 6.32 18.37 16.73
Lipper Ranking 18/114 32/88 20/67 10/29
Lipper Quartile 1 2 2 2
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 27.86 3.21 1.17 49.45 11.54 148.04 512.82
Return w/ Sales Charge (%) 21.15 -2.20 -4.15 41.61 5.69 135.02 480.65
Benchmark (%) 24.18 1.73 0.84 47.02 42.20 161.24 450.19
Morningstar Category Avg. (%) 15.22 2.60 2.42 34.50 9.54 108.87 350.62
Lipper Category Avg. (%) 19.42 2.33 1.40 40.69 22.88 138.85 394.20
  2019 2020 2021 2022 2023
Total Return (%) 43.84 86.21 8.09 -43.13 49.09
Annual w/ Sales Charge (%) 36.29 76.43 2.42 -46.12 41.27
Benchmark (%) 46.89 45.61 27.36 -31.07 51.02
Morningstar Category Avg. (%) 37.49 55.91 15.09 -37.39 43.43

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.

The Fund’s returns prior to December 30, 2017 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Science & Technology Opportunities Portfolio.”
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Nov 22, 2024
$6,167.9 M
Share Class launch date
May 15, 2000
Benchmark Index
MSCI ACWI Information Technology 10/40 (2013) Index
Morningstar Category
Technology
CUSIP
091929570
Open to New Investors
Yes
Size of Class (Millions)
as of Nov 22, 2024
$2,204.9 M
Asset Class
Equity
Distribution Frequency
Annual
Lipper Classification
Global Science/Tech
Max Offer Price
as of Nov 22, 2024
$72.78
Turnover Percent in the Annual Report
as of May 31, 2024
21%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Oct 31, 2024
75
P/E Ratio - Forward
as of Oct 31, 2024
37.68
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Apr 30, 2024
26.05
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
24.72%
Active Share
as of Oct 31, 2024
49.20%
P/B Ratio
as of Oct 31, 2024
13.40
Alpha (3y)
as of Apr 30, 2024
-0.84
R-Squared (3y)
as of Apr 30, 2024
92.98
Beta (3y)
as of Apr 30, 2024
1.07
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-27.10%

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 does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. 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 Sep 21, 2024
AA
MSCI ESG Quality Score (0-10)
as of Sep 21, 2024
7.6
Fund Lipper Global Classification
as of Sep 21, 2024
Equity Sector Information Tech
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Sep 21, 2024
20.68
MSCI ESG % Coverage
as of Sep 21, 2024
95.03%
MSCI ESG Quality Score - Peer Percentile
as of Sep 21, 2024
86.44%
Funds in Peer Group
as of Sep 21, 2024
1,084
MSCI Weighted Average Carbon Intensity % Coverage
as of Sep 21, 2024
94.95%
All data is from MSCI ESG Fund Ratings as of Sep 21, 2024, based on holdings as of Mar 31, 2024. 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 Oct 31, 2024
0.00%
MSCI - Nuclear Weapons
as of Oct 31, 2024
0.00%
MSCI - Civilian Firearms
as of Oct 31, 2024
0.00%
MSCI - Tobacco
as of Oct 31, 2024
0.00%
MSCI - UN Global Compact Violators
as of Oct 31, 2024
0.00%
MSCI - Thermal Coal
as of Oct 31, 2024
0.00%
MSCI - Oil Sands
as of Oct 31, 2024
0.00%
Business Involvement Coverage
as of Oct 31, 2024
96.81%
Percentage of Fund not covered
as of Oct 31, 2024
3.19%
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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.21%
Net Expense Ratio 1.17%

Net Expense Ratio excluding Investment Related Expenses is 1.17%

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Technology Opportunities Fund, as of Oct 31, 2024 rated against 237 Technology Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective Jun 06, 2024)
Analyst-Driven % as of Jun 06, 2024
100.00
Data Coverage % as of Jun 06, 2024
100.00

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 Oct 31, 2024 out of 91, 12,312, 91, 10 and 91 Funds, respectively in Lipper's Global Science/Tech classification.

Holdings

Holdings

as of Oct 31, 2024
Name Weight (%)
NVIDIA CORPORATION 15.71
MICROSOFT CORPORATION 8.51
APPLE INC 7.91
BROADCOM INC 4.90
META PLATFORMS INC 3.66
Name Weight (%)
CADENCE DESIGN SYSTEMS INC 3.08
ORACLE CORPORATION 2.67
AMAZON.COM INC 2.45
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 2.19
FAIR ISAAC CORP 1.95
Name Market Value Weight (%) Shares
Detailed Holdings and Analytics
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 Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 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

Tony Kim
Tony Kim
Head of Fundamental Equities’ Global Technology Team, Portfolio Manager, Managing Director

 

Read More

Tony Kim, Managing Director, is Head of the Global Technology Team within the Fundamental Equities division of BlackRock’s Portfolio Management Group. He is lead portfolio manager of the BlackRock Technology Opportunities Fund and related global strategies.


Mr. Kim joined BlackRock in 2013. His 30 years of experience in technology investments also includes key roles at Artisan Partners, Credit Suisse Asset Management, Neuberger Berman, Merrill Lynch and SG Warburg. 

 

Mr. Kim is a member of the Advisory Board for Columbia Business School’s Digital Future Initiative, which brings together Columbia faculty members and leaders from across industries to help organizations, governments and communities optimize and accelerate the technological advances of the future.

 

Mr. Kim earned a BS degree in Industrial Engineering from the University of Illinois and an MBA from Columbia University.

Reid Menge
Reid Menge
Portfolio Manager, Managing Director, Fundamental Equities Global Technology Team
Read More

Reid Menge, Managing Director, is a member of the Fundamental Equities division of BlackRock’s Portfolio Management Group. He is co-portfolio manager for the Global Technology equity portfolios and responsible for coverage of the technology sector.

 

Prior to joining BlackRock in 2014, Mr. Menge was an Associate Director of Equity Research at UBS covering global technology. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. From 2003 to 2006, Mr. Menge was a member of the Prudential Equity Group, where he was responsible for enterprise software coverage. Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales.

 

Mr. Menge earned a BA degree in History from Cornell University in 2001.

Portfolio Manager

Literature

Literature

 

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