Overview
The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The strategies utilized by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both 'long' and 'synthetic short' positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Funds. Investors in this fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general stock market trends as both positive and negative share movements affect the overall value of the fund. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund.
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
To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.
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Performance
Performance
Growth of Hypothetical 10,000
-
Returns
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Total Return (%) | 3.85 | 9.44 | -1.94 | 3.68 | -1.60 | -0.28 | -3.84 | 8.51 | 3.43 | 5.98 |
Comparator Benchmark 1 (%) | 0.23 | 0.23 | 0.66 | 1.11 | 2.08 | 2.60 | 1.08 | 0.18 | 1.97 | 5.48 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
1Y | 3Y | 5Y | 10y | Incept. | |
---|---|---|---|---|---|
Total Return (%) | 16.48 | 7.55 | 3.49 | 3.35 | 3.54 |
Comparator Benchmark 1 (%) | 5.83 | 3.61 | 2.59 | 1.87 | 1.57 |
YTD | 1m | 3M | 6M | 1Y | 3Y | 5Y | 10y | Incept. | |
---|---|---|---|---|---|---|---|---|---|
Total Return (%) | 9.05 | 1.35 | 3.14 | 4.54 | 16.48 | 24.39 | 18.71 | 39.03 | 54.18 |
Comparator Benchmark 1 (%) | 3.36 | 0.48 | 1.44 | 2.86 | 5.83 | 11.21 | 13.63 | 20.38 | 21.39 |
From 30-Jun-2019 To 30-Jun-2020 |
From 30-Jun-2020 To 30-Jun-2021 |
From 30-Jun-2021 To 30-Jun-2022 |
From 30-Jun-2022 To 30-Jun-2023 |
From 30-Jun-2023 To 30-Jun-2024 |
|
---|---|---|---|---|---|
Total Return (%)
as of Jun 30, 2024 |
0.80 | -4.61 | 5.80 | 2.65 | 14.79 |
Comparator Benchmark 1 (%)
as of Jun 30, 2024 |
2.11 | 0.25 | 0.40 | 4.21 | 5.81 |
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 EUR, hedged share class benchmark performance is displayed in USD.
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
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.
Ratings
Ratings
Risk Indicator
Risk Indicator
Holdings
Holdings
Name | Weight (%) |
---|---|
MASTERCARD INC | 3.15 |
MARSH & MCLENNAN COMPANIES INC | 2.11 |
KIMBERLY-CLARK CORPORATION | 1.99 |
CMS ENERGY CORPORATION | 1.94 |
LAM RESEARCH CORPORATION | 1.93 |
Name | Weight (%) |
---|---|
CINTAS CORPORATION | 1.82 |
TE CONNECTIVITY LTD | 1.79 |
HUNTSMAN CORP | 1.78 |
DEVON ENERGY CORPORATION | 1.77 |
TOLL BROTHERS INC | 1.67 |
Pricing & Exchange
Pricing & Exchange
Investor Class | Currency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
---|---|---|---|---|---|---|---|---|
D2 Hgd | EUR | 155.25 | 0.33 | 0.21 | Aug 16, 2024 | 155.25 | 132.69 | LU0725892383 |
I2 Hgd | JPY | 11,687.38 | 20.89 | 0.18 | Aug 16, 2024 | 11,687.38 | 10,364.55 | LU1791183780 |
E2 Hgd | EUR | 117.29 | 0.24 | 0.21 | Aug 16, 2024 | 117.29 | 100.55 | LU1266592614 |
A2 | GBP | 213.70 | -0.34 | -0.16 | Aug 16, 2024 | 217.88 | 182.45 | LU0784324112 |
A2 Hgd | SEK | 152.74 | 0.31 | 0.20 | Aug 16, 2024 | 152.74 | 130.51 | LU0765562458 |
D2 Hgd | CHF | 121.14 | 0.22 | 0.18 | Aug 16, 2024 | 121.14 | 106.12 | LU1238068594 |
A2 | EUR | 132.88 | 0.74 | 0.56 | Aug 16, 2024 | 134.15 | 112.85 | LU1991022069 |
I2 Hgd | EUR | 128.22 | 0.27 | 0.21 | Aug 16, 2024 | 128.22 | 109.20 | LU1323999489 |
X2 | USD | 230.74 | 0.63 | 0.27 | Aug 16, 2024 | 230.74 | 187.23 | LU0849781678 |
D2 Hgd | GBP | 143.21 | 0.30 | 0.21 | Aug 16, 2024 | 143.21 | 120.52 | LU1246651910 |
I2 Hgd | SEK | 120.79 | 0.26 | 0.22 | Aug 16, 2024 | 120.79 | 102.73 | LU1873114208 |
A2 | AUD | 263.88 | -0.22 | -0.08 | Aug 16, 2024 | 266.07 | 228.15 | LU0840974975 |
I2 | USD | 144.79 | 0.33 | 0.23 | Aug 16, 2024 | 144.79 | 121.55 | LU1653088168 |
X2 Hgd | AUD | 121.81 | 0.31 | 0.26 | Aug 16, 2024 | 121.81 | 99.93 | LU2649166316 |
D2 | USD | 151.14 | 0.34 | 0.23 | Aug 16, 2024 | 151.14 | 127.18 | LU1238068321 |
A2 | USD | 173.18 | 0.38 | 0.22 | Aug 16, 2024 | 173.18 | 146.71 | LU0725887540 |
A2 Hgd | EUR | 148.27 | 0.31 | 0.21 | Aug 16, 2024 | 148.27 | 127.00 | LU0725892466 |
Portfolio Managers
Portfolio Managers
![Raffaele Savi](/amer-retail-c-assets/cache-1709316473000/images/media-bin/web/global/headshots/raffaele-savi-new-1.jpg)
Raffaele Savi, Senior Managing Director, is Global Head of BlackRock Systematic (BSYS) and Co-CIO and Co-Head of Systematic Active Equity (SAE).
![Travis Cooke](/amer-retail-c-assets/gls/images/portfolio-managers/cooktr.jpg)