Equity

BlackRock Natural Resources 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 value of your investment and the income from it will vary and your initial investment amount is not guaranteed.


Compared to more established economies, the value of investments in Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. Investments in smaller company shares can be more unpredictable and less liquid than those of larger company shares.

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

The Fund may make distributions from capital as well as income or pursue certain investment strategies in order to generate income. This may increase the income but can reduce capital and the potential for long-term capital growth. Investments in the natural resources securities are subject to environmental concerns, taxes, government regulation, price and supply fluctuations.
Loading

Performance

Performance

Chart

View full chart

Distributions

Ex-Date Total Distribution
View full table

This chart shows the fund's performance as the percentage loss or gain per year over the last 1 years.

  2019 2020 2021 2022 2023
Total Return (%) -6.6
Constraint Benchmark 1 (%) -2.4

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

  1y 3y 5y 10y Incept.
5.38 - - - -1.26
Constraint Benchmark 1 (%) 5.60 - - - -1.18
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.12 4.92 12.11 8.86 5.38 - - - -2.37
Constraint Benchmark 1 (%) 3.76 0.80 9.49 7.57 5.60 - - - -2.23
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

- - - - 0.06
Constraint Benchmark 1 (%)

as of 31/Mar/2024

- - - - 2.80

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 GBP.

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 31/May/2024
GBP 275,626,220
Fund Launch Date
06/May/2011
Fund Base Currency
GBP
Constraint Benchmark 1
S&P Global Natural Resources Index
Initial Charge
5.00%
ISIN
GB00BN090X04
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 100.00
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLKNRGS
Ongoing Charges Figure ex. Discount
0.73%
Share Class launch date
08/Jun/2022
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
-
Ongoing Charges Figures
0.73%
Annual Management Fee
0.67%
Minimum Initial Investment
GBP 50,000,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BN090X0
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2024
46
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 30/Apr/2024
13.94
12 Month Trailing Dividend Distribution Yield
as of 31/May/2024
2.60
3y Beta
as of -
-
P/B Ratio
as of 30/Apr/2024
1.89

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager considers ESG criteria in combination with other information during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from third-party vendors, as well as internal engagement commentary and site visits and input from BlackRock Investment Stewardship. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 30/Apr/2024
Name Weight (%)
SHELL PLC 7.91
EXXON MOBIL CORP 5.75
BP PLC 5.10
FREEPORT-MCMORAN INC 4.62
TOTALENERGIES SE 3.91
Name Weight (%)
ANGLO AMERICAN PLC 3.61
TECK RESOURCES LTD 3.59
RIO TINTO PLC 3.57
SMURFIT KAPPA GROUP PLC 3.50
WHEATON PRECIOUS METALS CORP 3.49
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 30/Apr/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 Bid Price Offer Price ISIN
Class S GBP 0.91 0.91 GB00BN090X04
Class D GBP 1.97 1.98 GB00B6865B79
Class A GBP 1.22 1.22 GB00B3NP2M84
Class S GBP 0.96 0.96 GB00BN090W96
Class X GBP 1.40 1.40 GB00B8DZKK73
Class A GBP 1.80 1.81 GB00B3ZLCR97
Class D GBP 1.33 1.33 GB00B46KYQ57

Portfolio Managers

Portfolio Managers

Alastair Bishop
Alastair Bishop
Tom Holl
Tom Holl

Literature

Literature