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 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 fund may invest in smaller company shares which 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
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.
Performance
Performance
Chart
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Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 1.4 | -2.3 | 2.7 | 11.8 | -9.9 | 16.1 | 19.7 | 6.1 | -17.0 | 11.1 |
| Constraint Benchmark 1 (%) | 4.2 | -0.8 | 6.1 | 15.7 | -4.7 | 18.8 | 13.3 | 10.1 | -15.6 | 15.7 |
| Comparator Benchmark 2 (%) | 4.8 | -1.4 | 8.6 | 24.1 | -8.8 | 27.7 | 16.3 | 21.0 | -17.5 | 24.2 |
| Comparator Benchmark 3 (%) | -0.5 | -3.6 | 1.6 | 7.5 | -0.8 | 5.9 | 10.1 | -7.0 | -18.3 | 5.2 |
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 (%) | 19.33 | -0.49 | 5.40 | 3.98 | 4.96 |
| Constraint Benchmark 1 (%) | 22.06 | 2.59 | 6.57 | 6.24 | 7.16 |
| Comparator Benchmark 2 (%) | 33.62 | 6.69 | 12.17 | 10.00 | - |
| Comparator Benchmark 3 (%) | 8.37 | -5.40 | -2.85 | -0.47 | - |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 7.05 | -2.41 | 0.83 | 4.96 | 19.33 | -1.46 | 30.07 | 47.81 | 82.10 |
| Constraint Benchmark 1 (%) | 9.13 | -2.69 | 1.24 | 7.89 | 22.06 | 7.97 | 37.49 | 83.26 | 135.50 |
| Comparator Benchmark 2 (%) | 16.21 | -2.08 | 2.37 | 11.03 | 33.62 | 21.45 | 77.60 | 159.29 | - |
| Comparator Benchmark 3 (%) | -0.84 | -3.46 | 0.38 | 4.33 | 8.37 | -15.33 | -13.44 | -4.63 | - |
| From 30-Sept-2019 To 30-Sept-2020 |
From 30-Sept-2020 To 30-Sept-2021 |
From 30-Sept-2021 To 30-Sept-2022 |
From 30-Sept-2022 To 30-Sept-2023 |
From 30-Sept-2023 To 30-Sept-2024 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of 30/Sept/2024 |
13.77 | 15.94 | -19.66 | 7.42 | 19.39 |
|
Constraint Benchmark 1 (%)
as of 30/Sept/2024 |
9.05 | 15.73 | -18.57 | 13.94 | 22.87 |
|
Comparator Benchmark 2 (%)
as of 30/Sept/2024 |
10.41 | 29.33 | -19.70 | 22.67 | 32.50 |
|
Comparator Benchmark 3 (%)
as of 30/Sept/2024 |
6.77 | -3.33 | -22.14 | 1.04 | 11.02 |
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 HKD, 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
Portfolio Characteristics
Portfolio Characteristics
ESG Integration
ESG Integration
Risk Indicator
Risk Indicator
Ratings
Ratings
Morningstar Medalist Rating
Holdings
Holdings
| Name | Weight (%) |
|---|---|
| MICROSOFT CORP | 2.67 |
| NVIDIA CORP | 2.43 |
| APPLE INC | 2.05 |
| AMAZON COM INC | 1.81 |
| ALPHABET INC CLASS C | 1.56 |
| Name | Weight (%) |
|---|---|
| META PLATFORMS INC CLASS A | 0.97 |
| MASTERCARD INC CLASS A | 0.87 |
| JPMORGAN CHASE & CO | 0.86 |
| UNITEDHEALTH GROUP INC | 0.85 |
| WALMART INC | 0.80 |
| Name | Weight (%) |
|---|---|
| GERMANY (FEDERAL REPUBLIC OF) 2.3 02/15/2033 | 1.95 |
| TREASURY NOTE 4.125 07/31/2028 | 1.29 |
| UK CONV GILT 1.25 07/22/2027 | 1.28 |
| AUSTRALIA (COMMONWEALTH OF) 1 11/21/2031 | 1.15 |
| GERMANY (FEDERAL REPUBLIC OF) 1.7 08/15/2032 | 1.11 |
| Name | Weight (%) |
|---|---|
| MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 | 0.83 |
| TREASURY NOTE 4 06/30/2028 | 0.80 |
| TREASURY NOTE 4.875 10/31/2028 | 0.63 |
| TREASURY NOTE 5 09/30/2025 | 0.48 |
| TREASURY NOTE 5 10/31/2025 | 0.47 |
Exposure Breakdowns
Exposure Breakdowns
% of Net Assets
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.
% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds.
Pricing & Exchange
Pricing & Exchange
| Investor Class | Currency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
|---|---|---|---|---|---|---|---|---|
| Class A2 Hedged | HKD | 18.37 | -0.13 | -0.70 | 15/Nov/2024 | 18.77 | 16.03 | LU0788109477 |
| Class A2 Hedged | CHF | 14.07 | -0.11 | -0.78 | 15/Nov/2024 | 14.44 | 12.63 | LU0343169966 |
| Class D2 | USD | 90.36 | -0.64 | -0.70 | 15/Nov/2024 | 92.12 | 77.40 | LU0329592538 |
| Class A10 | USD | 10.38 | -0.07 | -0.67 | 15/Nov/2024 | 10.71 | 9.51 | LU2637965356 |
| Class A10 Hedged | ZAR | 102.32 | -0.74 | -0.72 | 15/Nov/2024 | 105.81 | 94.76 | LU2637965943 |
| Class A10 Hedged | AUD | 10.12 | -0.07 | -0.69 | 15/Nov/2024 | 10.45 | 9.44 | LU2637965869 |
| Class A10 Hedged | HKD | 102.74 | -0.72 | -0.70 | 15/Nov/2024 | 106.05 | 94.90 | LU2637965430 |
| Class A2 | EUR | 75.53 | -0.38 | -0.50 | 15/Nov/2024 | 75.91 | 63.24 | LU0171283459 |
| Class A10 Hedged | EUR | 10.28 | -0.07 | -0.68 | 15/Nov/2024 | 10.60 | 9.47 | LU2637965786 |
| Class D4 | GBP | 60.43 | -0.17 | -0.28 | 15/Nov/2024 | 60.60 | 53.24 | LU1852330908 |
| Class A2 Hedged | SGD | 17.69 | -0.13 | -0.73 | 15/Nov/2024 | 18.10 | 15.56 | LU0308772762 |
| Class A4 | EUR | 71.86 | -0.36 | -0.50 | 15/Nov/2024 | 72.22 | 60.81 | LU0408221512 |
| Class A10 Hedged | SGD | 10.18 | -0.08 | -0.78 | 15/Nov/2024 | 10.52 | 9.46 | LU2637965513 |
| Class A9 | USD | 9.48 | -0.07 | -0.73 | 15/Nov/2024 | 9.74 | 8.42 | LU2354320561 |
| Class A2 Hedged | GBP | 38.46 | -0.28 | -0.72 | 15/Nov/2024 | 39.25 | 33.37 | LU0236177068 |
| Class A2 Hedged | PLN | 23.10 | -0.16 | -0.69 | 15/Nov/2024 | 23.55 | 19.94 | LU0480534592 |
| Class A4 Hedged | EUR | 40.71 | -0.30 | -0.73 | 15/Nov/2024 | 41.64 | 36.18 | LU0240613025 |
| Class A9 Hedged | SGD | 9.06 | -0.07 | -0.77 | 15/Nov/2024 | 9.33 | 8.20 | LU2354320645 |
| Class A2 Hedged | EUR | 44.78 | -0.33 | -0.73 | 15/Nov/2024 | 45.80 | 39.37 | LU0212925753 |
| Class A9 Hedged | AUD | 8.94 | -0.07 | -0.78 | 15/Nov/2024 | 9.19 | 8.07 | LU2354320728 |
| Class A10 Hedged | CNH | 99.88 | -0.72 | -0.72 | 15/Nov/2024 | 103.53 | 94.24 | LU2637965604 |
| Class A2 Hedged | AUD | 21.77 | -0.16 | -0.73 | 15/Nov/2024 | 22.23 | 19.10 | LU0468326631 |
| Class I2 | EUR | 86.50 | -0.43 | -0.49 | 15/Nov/2024 | 86.93 | 71.74 | LU1653088838 |
| Class D2 | EUR | 85.81 | -0.42 | -0.49 | 15/Nov/2024 | 86.23 | 71.31 | LU0523293024 |
| Class D2 Hedged | AUD | 23.85 | -0.17 | -0.71 | 15/Nov/2024 | 24.33 | 20.76 | LU0827880187 |
| Class D2 Hedged | PLN | 25.30 | -0.18 | -0.71 | 15/Nov/2024 | 25.77 | 21.68 | LU0827880427 |
| Class D2 Hedged | EUR | 50.88 | -0.37 | -0.72 | 15/Nov/2024 | 51.98 | 44.39 | LU0329591480 |
| Class I2 Hedged | EUR | 50.79 | -0.36 | -0.70 | 15/Nov/2024 | 51.88 | 44.21 | LU0368231949 |
| Class D4 Hedged | EUR | 41.04 | -0.30 | -0.73 | 15/Nov/2024 | 41.95 | 36.45 | LU0827880773 |
| Class D2 Hedged | GBP | 42.09 | -0.31 | -0.73 | 15/Nov/2024 | 42.92 | 36.25 | LU0827880344 |
| Class A4 | USD | 75.68 | -0.53 | -0.70 | 15/Nov/2024 | 77.22 | 66.01 | LU0724617625 |
| Class D2 Hedged | SGD | 19.49 | -0.14 | -0.71 | 15/Nov/2024 | 19.92 | 17.01 | LU0827880690 |
| Class D2 Hedged | CHF | 15.43 | -0.11 | -0.71 | 15/Nov/2024 | 15.82 | 13.75 | LU0827880260 |
| Class A2 Hedged | CNH | 176.53 | -1.27 | -0.71 | 15/Nov/2024 | 181.05 | 156.98 | LU1062906877 |
| Class I2 Hedged | SGD | 19.51 | -0.14 | -0.71 | 15/Nov/2024 | 19.93 | 17.04 | LU0810842038 |
| Class I2 | USD | 91.10 | -0.64 | -0.70 | 15/Nov/2024 | 92.84 | 77.86 | LU0368249560 |
| Class D4 | EUR | 72.51 | -0.36 | -0.49 | 15/Nov/2024 | 72.87 | 61.32 | LU0827880005 |
| Class A2 | HUF | 30,837.42 | -12.43 | -0.04 | 15/Nov/2024 | 31,091.51 | 23,838.64 | LU0566074125 |
| Class A2 | USD | 79.55 | -0.56 | -0.70 | 15/Nov/2024 | 81.17 | 68.65 | LU0072462426 |
Portfolio Managers
Portfolio Managers
Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.
