Multi Asset

BlackRock Catholic Charities Growth & Income Fund

  • Bid price as of 22/Nov/2024 GBP 2.62
  • Offer price as of 22/Nov/2024 GBP 2.63
  • Morningstar Rating

Overview

Investment Approach

The Fund aims to provide a return on your investment (net of fees) over a period of 5 or more consecutive years beginning at the point of investment, generated through an increase to the value of the assets held by the Fund and/or income received from those assets. The Fund has a flexible approach to asset allocation and will seek to achieve its investment objective through a variety of asset classes. The Fund will invest either directly or indirectly on a global basis in equity securities (e.g. shares), equity-related (ER) securities (i.e. other investments whose value is related to equities), fixed income (FI) securities (e.g. bonds), FI-related securities (i.e. other investments whose value is related to fixed-income securities), money market instruments (MMIs) (e.g. debt instruments with short-term maturities), deposits, cash and near cash, property, commodities (such as precious metals and agricultural produce), other funds (including exchange traded funds) and other permitted alternative assets. The Fund is actively managed and the above-mentioned asset classes and the extent to which the Fund is invested in these may vary without limitation depending on market conditions and other factors at the Investment Manager’s (IM) discretion in accordance with the Fund’s investment policy. In selecting these, the IM will limit and/or exclude (as applicable) direct investments in companies or issuers which, at the time of purchase, in the opinion of the IM, have exposure to, or ties with certain sectors (as detailed in the Fund’s prospectus and set out in full on the Fund’s product page at www.blackrock.com). In order to seek to comply with the investment policy, the IM will use MSCI Inc., or such other service provider deemed appropriate from time to time

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.

Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. 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 Fund’s investments may have low liquidity which often causes the value of these investments to be less predictable. In extreme cases, the Fund may not be able to realise the investment at the latest market price or at a price considered fair. 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.
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Performance

Performance

Chart

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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 (%) 6.4 3.7 13.1 11.6 -2.7 16.5 7.3 12.7 -9.8 6.0
Constraint Benchmark 1 (%) 8.1 3.2 16.2 10.3 -1.6 14.8 4.1 14.5 -9.3 10.1

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 (%) 16.19 1.75 5.00 6.43 5.88
Constraint Benchmark 1 (%) 16.46 3.51 5.73 7.08 6.29
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 6.57 0.80 1.85 5.05 16.19 5.33 27.60 86.56 179.89
Constraint Benchmark 1 (%) 8.65 1.21 1.97 6.65 16.46 10.91 32.15 98.24 200.01
  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

0.84 16.66 -6.38 0.89 11.85
Constraint Benchmark 1 (%)

as of 30/Sept/2024

-0.94 14.56 -5.97 7.13 12.74
Previously, the performance history as at 31 October 2022 was quoted on the basis of closing prices. The full performance history is now shown based on dealing prices.
The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product.

The Fund was previously structured as Common Investment Fund (‘CIF’). On 06 12 2019, the CIF closed and the assets were transferred to a Charity Authorised Investment Fund (‘CAIF’). The CAIF is being run with the same investment objective and policy. Please note that the historical performance shown before 06 12 2019 is indicative and is provided when the fund was run as a CIF.

Unit Class and Benchmark performance displayed in GBP, hedged Unit 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 22/Nov/2024
GBP 141,415,772
Fund Launch Date
24/Jul/2006
Fund Base Currency
GBP
Constraint Benchmark 1
60% Global Equities, 20% Global Aggregate, 20% SONIA+3%
Investment Association Category
Mixed Investment 40-85% Shares
Ongoing Charges Figures
0.54%
ISIN
GB00BFK3M961
Use of Income
Accumulating
Regulatory Structure
PRIIPs KID Required
Morningstar Category
GBP Allocation 60-80% Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFK3M96
Share Class launch date
31/Oct/2006
Share Class Currency
GBP
Asset Class
Multi Asset
SDR classification
ESG un-labelled
Initial Charge
0.00%
Management Fee
0.50%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLCGIAG
Ongoing Charges Figure ex. Discount
0.54%
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
210
3y Beta
as of 31/Oct/2024
0.938
P/B Ratio
as of 31/Oct/2024
3.67
Modified Duration
as of 31/Oct/2024
0.89
Weighted Avg Maturity
as of 31/Oct/2024
1.09
Standard Deviation (3y)
as of 31/Oct/2024
8.44%
P/E Ratio
as of 31/Oct/2024
30.51
Yield to Maturity
as of 31/Oct/2024
1.30
Effective Duration
as of 31/Oct/2024
0.83

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

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7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BlackRock Catholic Charities Growth & Income Fund, Class A (Acc), as of 31/Jan/2023 rated against 1066 GBP Allocation 60-80% Equity Funds.

Holdings

Holdings

Sorry, top holdings are not available at this time.
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
Sorry, ratings are not available at this time.
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 Bid Price Offer Price ISIN
Class A (Acc) GBP - 2.62 2.63 GB00BFK3M961
Class A (Inc) GBP Quarterly 1.64 1.65 GB00BFK3MB87

Portfolio Managers

Portfolio Managers

Conan McKenzie
Conan McKenzie
CFA, Managing Director and portfolio manager

Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group.

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Conan McKenzie, CFA, Managing Director and portfolio manager, Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group. Within Diversified Strategies, Mr. McKenzie is involved in managing both benchmarked and outcome oriented funds. As with Mr. Ryan, Mr. McKenzie has portfolio management responsibilities across the charities funds and DDG. Conan has been a portfolio manager on the charities funds since April 2013. He also leads the team's ESG research agenda that drives the potential for ESG-related thematic investments, as well as alternative investment opportunities and third party manager research.

Mr. McKenzie holds a MA degree in History & Politics from the University of Oxford, and is a CFA Charterholder. His service with the firm dates back to 2011.

Lamiaa Chaabi
Lamiaa Chaabi
Portfolio Manager, Diversified Strategies Team

Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group.

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Lamiaa Chaabi, Director, is a member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group. She is a portfolio manager for a number of benchmarked and outcome-oriented funds including the Climate Action Multi-Asset Fund, ESG Strategic Growth Fund, Charities Growth & Income Fund, and Catholic Charities Growth & Income Fund. Lamiaa also oversees the development of the team's portfolio construction analytics and investment process.

 

Lamiaa’s service with the firm dates back to 2013, where she started as an analyst within the Portfolio Analytics Group.

 

Lamiaa earned her Sc degree in Computer Science from University College London (UCL) in 2012 and a MSc degree in Risk & Finance from the London School of Economics (LSE) in 2013.

 

Lamiaa’s interests include sustainability and AI (i.e. potential applications for investing and education). Outside of work, she enjoys spinning and reading thrillers.

 

Multi-Asset Strategies & Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Yasmin Meissner
Yasmin Meissner
Director

Yasmin Meissner is the co-Head of Sustainable Investing for Multi-Asset Strategies and Client Portfolio Solutions along with Katharina Schwaiger.

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Yasmin Meissner is the co-Head of Sustainable Investing for Multi-Asset Strategies and Client Portfolio Solutions along with Katharina Schwaiger. In this capacity they are accountable for ESG research, integration and implementation efforts across the two groups. She has additional responsibilities in Multi-Asset Strategies as a macroeconomic researcher, covering a range of fundamental and quantitative approaches across advanced and emerging economies.

 

Prior to this, Yasmin was a portfolio manager in Client Portfolio Solutions. Before joining BlackRock, Yasmin was a telecoms analyst at Perella Weinberg Partners.


Miss. Meissner earned a BA degree in Politics, Philosophy and Economics from the University of Oxford, holds the Investment Management Certificate (IMC), and is a CFA charterholder.

Literature

Literature