Multi Asset

BlackRock ESG Strategic Growth Fund

  • NAV as of 22/Nov/2024 GBP 1.32
    52 WK: 1.18 - 1.32
  • 1 Day NAV Change as of 22/Nov/2024 0.01 (0.77%)
  • Morningstar Rating

Overview

Investment Approach

Objectives and Investment Policy The aim of the Fund is to provide, over a period of 7 years, a return on your investment (generated through an increase in the value of the assets held by the Fund and/ or income received from those assets) of 4.5% per year on a gross basis (i.e. before deduction of Ongoing Charges) over the Bank of England’s Base Interest Rate (as set by the Monetary Policy Committee) in a manner consistent with the principles of environmental, social and governance (ESG)-focused investing. In addition, the Fund aims to manage its portfolio of investments with a view to having a volatility of return (i.e. the degree of fluctuation of the Fund’s returns) that is lower than the volatility of the monthly returns (converted into an annual rate) of the MSCI All Country World Index (GBP) over a 7 year period. The MSCI All Country World Index (GBP) measures the performance of large and mid-capitalisation developed and emerging market equities in Pound Sterling terms. The components of the index are weighted by market capitalisation. Market capitalisation, in this case, is the share price of the company multiplied by the number of shares readily available in the market. Although the Fund aims to achieve its investment objective, there is no guarantee that this will be achieved and the Fund may experience loss and/or higher or lower volatility of return. The Fund’s capital is at risk, meaning that the Fund could suffer a decrease in value and the value of your investment would decrease as a result. The investment manager (IM) will typically determine the Fund’s portfolio based on its long-term (5-7 year) outlook.

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.

Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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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This chart shows the fund's performance as the percentage loss or gain per year over the last 5 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 14.0 7.6 9.7 -11.8 8.5
Target Benchmark 1 (%) 5.3 4.7 4.6 5.9 9.1

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 (%) 14.54 1.17 4.24 - 4.41
Target Benchmark 1 (%) 9.71 7.99 6.67 - 6.41
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 6.11 -0.19 1.53 4.64 14.54 3.56 23.07 - 30.04
Target Benchmark 1 (%) 8.08 0.77 2.31 4.74 9.71 25.95 38.10 - 46.02
  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

3.60 12.63 -10.87 5.12 12.90
Target Benchmark 1 (%)

as of 30/Sept/2024

4.90 4.60 5.28 8.54 9.76

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 22/Nov/2024
GBP 100,649,526
Fund Launch Date
28/Sept/2018
Fund Base Currency
GBP
Target Benchmark 1
Bank of England Base Rate +4.5%
Ongoing Charges Figures
0.02%
ISIN
GB00BFBFX095
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
GBP Flexible Allocation
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFBFX09
Share Class launch date
28/Sept/2018
Share Class Currency
GBP
Asset Class
Multi Asset
Initial Charge
0.00%
Management Fee
0.00%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRSTGXA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
369
3y Beta
as of 31/Oct/2024
4.021
P/B Ratio
as of 31/Oct/2024
3.01
Modified Duration
as of 31/Oct/2024
1.86
Weighted Avg Maturity
as of 31/Oct/2024
2.47
Standard Deviation (3y)
as of 31/Oct/2024
7.88%
P/E Ratio
as of 31/Oct/2024
24.61
Yield to Maturity
as of 31/Oct/2024
2.27
Effective Duration
as of 31/Oct/2024
1.76

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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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BlackRock ESG Strategic Growth Fund, Class X, as of 31/Jan/2023 rated against 428 GBP Flexible Allocation Funds.

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
ISHARES $ CORP BOND ESG UCIT USD D 8.40
ISH MSCI USA SRI ETF USD ACC 4.71
ISHARES MSCI WORLD QUALITY F USD A 4.53
ISHARES GBP ULTRASHORT BND ESG ETF 3.78
ISHARES EURO CORP BOND ESG UCITS 3.57
Name Weight (%)
ISHARES MSCI WORLD SRI UCITS USD_D 3.56
ISH MSCI EM SRI ETF USD ACC 3.33
ISHARES PHYSICAL GOLD ETC 3.17
ISHARES JPM EM LCAL GVT BD ETF DST 3.00
ISHARES MSCI EUROPE SRI UCITS ETF 2.82
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, geographic exposures are not available at this time.
Sorry, geographic exposures 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class X GBP 1.32 0.01 0.77 22/Nov/2024 1.32 1.18 GB00BFBFX095
Class D GBP 1.30 0.01 0.77 22/Nov/2024 1.30 1.17 GB00BFBFWY68
Class I GBP 1.30 0.01 0.77 22/Nov/2024 1.30 1.17 GB00BFBFWZ75

Portfolio Managers

Portfolio Managers

Adam Ryan
Adam Ryan
Managing Director and portfolio manager

Head of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group, which is responsible for developing, assembling and managing investment strategies involving multiple asset classes.

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Adam Ryan, Managing Director and portfolio manager, is Head of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group, which is responsible for developing, assembling and managing investment strategies involving multiple asset classes. Mr. Ryan is the lead portfolio manager of the charities funds; Charities Growth & Income Fund, Armed Forces Common Investment Fund and Charifaith Common Investment Fund. Adam is also the lead portfolio manager of the BlackRock Dynamic Diversified Growth (DDG) strategy.

Mr Ryan's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. His background is in fixed income portfolio management where he was Head of Fixed Income for MLIM's Private Client business before developing and managing diversified multi-asset portfolios for both private and institutional clients.

Mr. Ryan earned a BA degree with honours in engineering from Cambridge University in 1991.

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.

Literature

Literature