BlackRock Commodities / Energy

BGF Sustainable Energy A2

As of 10/31/2021

Investment Strategy Investment Growth (of $10,000)

The Fund seeks to maximise total return. The Fund invests Time Period: 11/22/2003 to 10/31/2021
globally at least 70% of its total assets in the equity securities
of sustainable energy companies. Sustainable energy 47,500.0
companies are those which are engaged in alternative energy
40,000.0
and energy technologies including: renewable energy
technology; renewable energy developers; alternative fuels; 32,500.0
energy efficiency; enabling energy and infrastructure. The
companies are rated by the Investment Adviser based on their 25,000.0
ability to manage the risks and opportunities associated with
alternative energy and energy technologies and their ESG risk 17,500.0
and opportunity credentials, such as their leadership and
10,000.0
governance framework, which is considered essential for
sustainable growth, their ability to strategically manage 2,500.0
longer-term issues surrounding ESG and the potential impact 2006 2011 2016 2021
this may have on a company’s financials.

BGF Sustainable Energy A2 S&P Global Clean Energy TR USD

Fund Statistics Returns

Base Currency US Dollar Calculation Benchmark: S&P Global Clean Energy TR USD
160.0 142.1
ITA Fund Code BRNE
140.0
ISIN LU0124384867 120.0
Fund Size (AUM) $ 7,959,486,689 100.0
80.0
Inception Date 4/6/2001 60.0 50.4 45.1
Number of Holdings 319 40.0 30.2 24.5
16.4 21.0
20.0
Pricing Frequency Daily 1.3
0.0
Ongoing Charge 1.99% -20.0 -9.1 -14.0 -8.4
-17.0
Return

-40.0
Morningstar Rating Overall ÙÙÙÙ YTD 2020 2019 2018 2017 2016
Morningstar Analyst Rating —
BGF Sustainable Energy A2 S&P Global Clean Energy TR USD

Manager Biography Calendar Year Returns (%)

Alastair Bishop YTD 2020 2019 2018 2017 2016
BGF Sustainable Energy A2 16.36 50.42 30.21 -14.03 24.51 1.32
Alastair Bishop, Managing Director, is a member of S&P Global Clean Energy TR USD -9.15 142.07 45.08 -8.41 20.99 -16.99
the Natural Resources team within Fundamental
Equity division of BlackRock’s Active Equity Group. Trailing Returns
Mr. Bishop was a senior research analyst at Piper Cumulative (%) Annualised (%)
Jaffray, where he was responsible for covering the
Clean Technology industry. Prior to joining Piper 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years Since Inception
Jaffray in 2009, he covered the Renewable Energy Sector Equity Alternative Energy
and Industrial sectors for 8 years at Dresdner
Kleinwort. Mr. Bishop began his career in 2001 at BGF Sustainable Energy A2 7.34 5.35 16.36 41.21 30.75 19.09 11.17 2.47
Dresdner Kleinwort Investment Bank. Asset Allocation Morningstar Style Box
Mr. Bishop earned a BSc degree in economics from
Portfolio Date: 9/30/2021 Portfolio Date: 9/30/2021
the University of Nottingham in 2001.
% Morningstar Equity Style Box™ Market Cap %
Value Blend Growth Market Cap Giant % 25.9
Stock 94.2
Market Cap Large % 47.4
Large

Cash 4.7 Market Cap Mid % 22.1

Other 1.0 Market Cap Small % 4.6
Market Cap Micro % 0.0
Mid

Bond 0.0
Total 100.0
Small

Source: Morningstar Direct

Equity Style Sectors
Portfolio Date: 9/30/2021 Portfolio Date: 9/30/2021
% %
Large Core 44.4 Technology 37.2
Large Growth 16.4 Industrials 29.4
Large Value 12.5 Utilities 22.1
Mid Growth 11.4 Basic Materials 9.1
Mid Core 9.4 Consumer Defensive 2.2
Small Core 2.2 Total 100.0
Small Value 1.6
Mid Value 1.3
Small Growth 0.8
Total 100.0

Top 10 Holdings Country Exposure

Portfolio Portfolio Date: 9/30/2021
Weighting %
United States 38.9
NextEra Energy Inc 4.59% France 10.1
Enel SpA 4.51% Germany 7.9
Italy 6.8
Samsung SDI Co Ltd 3.82%
South Korea 4.7
Schneider Electric SE 3.79% Sweden 4.7
RWE AG 3.78% Spain 4.0
United Kingdom 4.0
Infineon Technologies AG 3.77%
China 2.9
Analog Devices Inc 3.22% Denmark 2.8
Quanta Services Inc 2.66% Japan 2.6
Ireland 2.5
Vestas Wind Systems A/S 2.66%
Switzerland 2.5
Atlas Copco AB A 2.54% Portugal 2.3
Singapore 1.9
Other 1.6
35.33% Total 100.0

Risk/Reward vs. Benchmark Risk-Reward

Time Period: 11/1/2016 to 10/31/2021 Time Period: 11/1/2016 to 10/31/2021

Calculation Benchmark: S&P Global Clean Energy TR USD Calculation Benchmark: S&P Global Clean Energy TR USD

Alpha 5.36 30.0 BGF Sustainable Energy A2

Beta 0.48 25.0 S&P Global Clean Energy TR USD
R2 58.60 20.0
Tracking Error 17.73 15.0
Information Ratio (geo) -0.33 10.0
Excess Return -7.30 5.0
Std Dev 16.80 0.0
Return

Sharpe Ratio 1.06 0.0 10.0 20.0 30.0 40.0

Sortino Ratio 1.84 Std Dev

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Source: Morningstar Direct