Important risk disclosure

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LU1984140779

BlackRock BGF European Equity Income Fund(LU1984140779)

Equities
Europe
USD Cash
Accumulating

Invest with

USD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund seeks an above average income without sacrificing long-term capital growth by investing at least 70% of its total assets in equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe...

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

European equity fund that aims to deliver a reliable, growing income stream by investing in Pan European large and mid-cap securities Adopts a fundamental, style-agnostic, flexible approach by balancing quality, income and growth opportunities

People

Andreas Zoellinger and Brian Hall co-manage this fund and both have over 20 years of investment experience and run other European equity strategies with strong track records Both work closely with the rest of the team on idea generation and company research; the team is collaborative with daily interactions and structured meetings

Performance

Fund exhibits a long-term track record of outperformance across the market cycle, and typically performs well when the market is focused on fundamentals, as most of the returns are driven by stock selection Over the years, the fund's total return can be approximately split into 50/50 capital appreciation and income

Process

Disciplined investment process that is fundamentally driven; analysts are organised by broad sectors and conduct in-depth company analysis using a common research framework with clear and timely conclusions Focused on capital preservation and a long term wealth accumulation, company analysis done through three lenses: Wealth Creation, Resilience and Change Portfolio construction process is long term, conviction led and risk aware, with constant feedback loops from analyst and clear checkpoints for reassessment of investment cases

Cost

Access to clean share class with no trailer fees to achieve the lowest possible fees

How it fits in a portfolio

The fund is suitable for investors seeking income sources derived from the European equity market However, investors should take note that investing solely in this Fund takes on concentrated regional risk, and it is desirable to complement exposure to this Fund with exposures to other geographies and asset classes

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

259.69%

YTD

-3.84%

1 month

-10.38%

6 month

1.62%

1 year

15.07%

3 year

42.42%

5 year

44.33%

10 year

103.03%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-29.57%As of Mar 2026

Volatility

14.38%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	3.3%	3.8%	-10.4%	-	-	-	-	-	-	-	-	-
2025	32.9%	6.7%	3.7%	0.4%	4.4%	4.6%	1.3%	-1.0%	1.9%	1.5%	0.7%	0.9%	4.0%
2024	2.1%	-0.9%	2.1%	2.5%	-1.3%	4.7%	-2.5%	2.0%	4.7%	0.7%	-5.3%	-1.9%	-2.3%
2023	18.9%	7.0%	1.6%	0.2%	4.2%	-4.5%	3.7%	1.2%	-3.1%	-4.4%	-3.9%	10.5%	6.1%
2022	-16.3%	-6.2%	-3.8%	1.7%	-5.2%	-0.9%	-9.3%	5.3%	-5.6%	-9.3%	7.2%	9.6%	1.2%
Load more		5 of 16

Top Exposures

Holdings

Regions

Sectors

Engie SA	4.42%
TotalEnergies SE	3.66%
AstraZeneca PLC	2.96%
Roche Holding AG Ordinary Shares new	2.92%
Novartis AG Registered Shares	2.81%
Danone SA	2.75%
Nordea Bank Abp	2.63%
Sanofi SA	2.57%
SSE PLC	2.56%
KONE Oyj Class B	2.54%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.07% p.a.

Fund facts

ISIN

LU1984140779

Fund house

BlackRock

Fund size

US$1.9B

As of 24 Apr 2026

Fund inception date

21 Jan 2011

Fund class currency

USD

Oldest share inception date

03 Dec 2010

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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