Equity

BlackRock Europe Equity 1 Fund

  • NAV as of 20/Nov/2024 EUR 190.85
    52 WK: 169.24 - 200.82
  • 1 Day NAV Change as of 20/Nov/2024 -0.02 (-0.01%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the European equity market.

The Fund is passively managed and invests so far as possible and practicable in equity securities (e.g. shares) that make up the MSCI Europe Index (the Index), the Fund's benchmark index. The Index should be used by investors to compare the performance of the Fund.

The benchmark index measures the performance of the larger and mid capitalisation equity securities of the developed markets in Europe and is a free float-adjusted market capitalisation weighted index. Free float-adjusted means that only shares readily available in the market rather than all of a company's issued shares are used in calculating the benchmark index. Free float-adjusted market capitalisation is the share price of a company multiplied by the number of shares readily available in the market.

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.

All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Overseas investment will be affected by movements in currency exchange rates. The Fund uses derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.

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

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Performance

Performance

Chart

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Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

This chart shows the fund's performance as the percentage loss or gain per year over the last 7 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 10.9 -10.3 26.5 -3.2 25.5 -9.2 16.2
Benchmark (%) 10.2 -10.6 26.0 -3.3 25.1 -9.5 15.8

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

  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

-7.64 29.12 -10.67 19.58 19.09
Benchmark (%)

as of 30/Sept/2024

-7.76 28.76 -11.04 19.22 18.80
  1y 3y 5y 10y Incept.
Total Return (%) 19.48 5.56 7.80 - 7.90
Benchmark (%) 19.20 5.22 7.50 - 7.62
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 8.27 -3.23 -2.10 1.35 19.48 17.62 45.55 - 92.03
Benchmark (%) 7.98 -3.26 -2.13 1.25 19.20 16.48 43.54 - 87.84

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 EUR.

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 20/Nov/2024
EUR 902,770,055
Fund Launch Date
31/Mar/2016
Fund Base Currency
EUR
Benchmark Index
MSCI Europe Net TR in EUR
SFDR Classification
Other
Ongoing Charges Figures
0.09%
ISIN
IE00BZCTK875
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Europe Large-Cap Blend Equity
Dealing Frequency
Daily, forward pricing basis
Share Class launch date
31/Mar/2016
Share Class Currency
EUR
Asset Class
Equity
Index Ticker
MSDEE15N
Initial Charge
0.00%
Management Fee
0.04%
Performance Fee
0.00%
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 2 days
SEDOL
BZCTK87

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
414
3y Beta
as of 31/Oct/2024
0.999
P/B Ratio
as of 31/Oct/2024
2.05
Standard Deviation (3y)
as of 31/Oct/2024
13.40%
P/E Ratio
as of 31/Oct/2024
15.22

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BlackRock Europe Equity 1 Fund, Class J, as of 31/Oct/2024 rated against 1817 Europe Large-Cap Blend Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal. (Effective 30/Sept/2024)
Analyst-Driven % as of 30/Sept/2024
100.00
Data Coverage % as of 30/Sept/2024
100.00

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
NOVO NORDISK CLASS B 3.30
ASML HOLDING NV 2.50
NESTLE SA 2.29
SAP 2.26
ASTRAZENECA PLC 2.04
Name Weight (%)
ROCHE HOLDING PAR AG 2.02
NOVARTIS AG 1.98
SHELL PLC 1.93
LVMH 1.69
HSBC HOLDINGS PLC 1.57
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class J EUR None 190.85 -0.02 -0.01 20/Nov/2024 200.82 169.24 IE00BZCTK875
Class J USD None 176.00 -1.12 -0.63 20/Nov/2024 196.78 161.69 IE00BZCTK768
Class J GBP Annual 152.89 -0.81 -0.53 20/Nov/2024 168.62 145.80 IE00BZCTK982

Portfolio Managers

Portfolio Managers

Dharma Laloobhai
Dharma Laloobhai
Group Index Equity PM Core DM EMEA
Group Index Equity PM Core DM EMEA

Literature

Literature