Morningstar Fund Report  | 03/04/2025Print

BlackRock Global Funds - European Fund A2

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BlackRock Global Funds - European Fund A2
Fund21.0-20.515.02.1-1.8
+/-Cat4.1-4.51.52.9-2.3
+/-B’mrk--1.5-1.2-5.0
 
Category: Europe Large-Cap Growth Equity
Category Benchmark: Morningstar Dev Europe Grt ...
Key Stats
NAV
02/04/2025		 EUR 183.14
Day Change -0.45%
Morningstar Category™ Europe Large-Cap Growth Equity
ISIN LU0011846440
Fund Size (Mil)
31/03/2025		 EUR 1261.45
Share Class Size (Mil)
02/04/2025		 EUR 377.97
Max Initial Charge 5.26%
Ongoing Charge
04/02/2025		  1.81%
Morningstar Research
Analyst Report13/03/2025
Ronald van Genderen, Senior Analyst
Morningstar, Inc

BGF European is managed by a high-quality team that experienced a period of significant change; but since 2019 it has developed to regain its footing, and we are therefore restoring our previous positive conviction. This results in an upgrade of...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: BlackRock Global Funds - European Fund A2
The Fund seeks to maximise total return and invest in a manner consistent with the principles of environmental, social and governance (“ESG”) investing. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe.
Returns
Trailing Returns (GBP)02/04/2025
YTD-1.31
3 Years Annualised1.77
5 Years Annualised11.50
10 Years Annualised5.75
12 Month Yield 0.00
Management
Manager Name
Start Date
Stefan Gries
13/06/2019
Inception Date
30/11/1993

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe NR EURMorningstar Dev Europe Grt TME NR EUR
Portfolio Profile for  BlackRock Global Funds - European Fund A228/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.560.0096.56
Bond0.140.000.14
Property0.000.000.00
Cash14.9613.851.11
Other2.320.122.19
Top 5 Regions%
Eurozone49.24
Europe - ex Euro30.64
United Kingdom13.92
United States6.20
Canada0.00
Top 5 Sectors%
Industrials29.41
Financial Services18.41
Technology15.36
Consumer Cyclical13.47
Basic Materials11.39
Top 5 HoldingsSector%
Novo Nordisk AS Class BHealthcareHealthcare6.61
ASML Holding NVTechnologyTechnology4.56
MTU Aero Engines AGIndustrialsIndustrials4.31
Linde PLCBasic MaterialsBasic Materials4.04
Compagnie Financiere Richemont S... Consumer CyclicalConsumer Cyclical3.99
Increase Decrease New since last portfolio
BlackRock Global Funds - European Fund A2
Growth Of 1000 (GBP) 31/03/2025
Fund:  BlackRock Global Funds - European Fund A2
Category:  Europe Large-Cap Growth Equity
Category Index:  Morningstar Dev Europe Grt TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-13.5924.8027.0620.95-20.4714.972.06-1.76
+/- Category-3.261.7412.444.15-4.481.532.86-2.34
+/- Category Index-----1.48-1.17-4.99
% Rank in Category743962182342476
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.45   -1.250.06
1 Week-3.79   -0.54-1.87
1 Month-7.15   -1.82-2.68
3 Months-2.00   -2.86-4.84
6 Months-4.03   -0.36-3.95
YTD-1.31   -2.16-5.32
1 Year-7.50   -1.24-7.51
3 Years Annualised1.77   -0.62-4.04
5 Years Annualised11.50   2.620.69
10 Years Annualised5.75   -1.04-1.70
 
Category: Europe Large-Cap Growth Equity
Category Index: Morningstar Dev Europe Grt TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.76---
20249.99-0.42-3.18-3.76
202312.450.43-4.576.67
2022-11.99-17.41-1.5311.13
20210.0611.981.586.27
2020-12.9821.977.6011.26
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearAbove AverageAbove Average4 star
10-YearAverageAbove Average3 star
OverallAverageAbove Average3 star
 
Category :  Europe Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.79 %
3-Yr Mean Return2.60 %
 
3-Yr Sharpe Ratio-0.09
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Dev Europe Grt TME NR EUR  Morningstar Dev Europe Grt TME NR EUR
3-Yr Beta1.131.12
3-Yr Alpha-4.18-2.70
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 59408-
Market Capitalisation% of Equity
Giant42.87
Large41.81
Medium15.32
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings21.450.93
Price/Book3.961.02
Price/Sales3.811.26
Price/Cash Flow19.401.10
Dividend-Yield Factor2.341.28
 
Long-Term Projected Earnings Growth12.991.27
Historical Earnings Growth21.112.10
Sales Growth8.181.39
Cash-Flow Growth13.501.74
Book-Value Growth7.831.12
 
Category: Europe Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.560.0096.56
Bond0.140.000.14
Property0.000.000.00
Cash14.9613.851.11
Other2.320.122.19
World Regions28/02/2025
 % of EquityRelative to Category
United States6.201.81
Canada0.000.00
Latin America0.000.00
United Kingdom13.920.95
Eurozone49.240.87
Europe - ex Euro30.641.23
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Europe Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials11.391.64
Consumer CyclicalConsumer Cyclical13.471.04
Financial ServicesFinancial Services18.412.16
HealthcareHealthcare10.120.50
Communication ServicesCommunication Services1.830.81
IndustrialsIndustrials29.411.31
TechnologyTechnology15.360.79
 
Category: Europe Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings34
Total Number of Bond Holdings0
Assets in Top 10 Holdings41.39
NameSectorCountry% of Assets
Novo Nordisk AS Class B206Denmark6.61
ASML Holding NV311Netherlands4.56
MTU Aero Engines AG310Germany4.31
Linde PLC101United States4.04
Compagnie Financiere Richemont SA Cla... 102Switzerland3.99
Schneider Electric SE310France3.91
AIB Group PLC103Ireland3.66
RELX PLC310United Kingdom3.49
Blk Ics Eur As Liq Envirally Awr Agcy DIreland3.47
Safran SA310France3.35
 
Increase Decrease New since last portfolio
Category: Europe Large-Cap Growth Equity
 
Management
Name of CompanyBlackRock (Luxembourg) SA
Phone+44 20 77433000
Websitewww.blackrock.com
Address35 A, avenue J.F. Kennedy,
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date30/11/1993
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd.
Fund ManagerStefan Gries
Manager Start Date13/06/2019
 
Biography
Stefan Gries joined BlackRock’s European equity team in 2008, after previous roles at Scottish Widows, Aberdeen Asset Management and Deutsche Bank. Stefan gained his MA in Economics & Spanish from the University of St. Andrews. He started his career in 2005 as European equity analyst and portfolio assistant at Scottish Widows Investment Partnership. He joined BlackRock’s European equity team in 2008 and is responsible for covering the energy sector.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.26%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.81%
Purchase Details
Minimum Investments
Initial5000  EUR
Additional1000  EUR
Savings-
Tax Free Savings Schemes
ISAsNo