Fixed Income

BlackRock Solutions Funds ICAV - Coutts Japan Enhanced Index Government Bond Fund

  • NAV as of 03/Apr/2023 GBP 10.17
    52 WK: 9.83 - 10.27
  • 1 Day NAV Change as of 03/Apr/2023 -0.05 (-0.52%)

Overview

Investment Approach


The Fund aims to achieve a total return on your investment, through a combination of capital growth and income, which aims to provide some outperformance (before deduction of the Fund’s fees and expenses) of the return of the Bloomberg Japan Treasury Index GBP Hedged, the Fund’s benchmark index (Index).

The Fund has an enhanced index strategy which differs from a pure-index tracking strategy. Although both strategies invest in a similar range of fixed income (FI) securities (such as bonds), enhanced index strategies aim to take overweight and/or underweight positions relative to the Index in order to achieve some outperformance of the Index (before deduction of the Fund’s fees and expenses).

The Fund invests in the FI securities that predominantly make up the Index and instruments related to such FI securities, including financial derivative instruments (FDI) (i.e. investments the prices of which are based on one or more underlying assets). The Index predominantly comprises Japanese fixed rate government bonds and will have a credit rating which reflects that of the Japanese Treasury.

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.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events.
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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.

Distributions

Ex-Date Total Distribution
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Ex-Date Total Distribution
For more information: +353 1 612 3394 • www.blackrock.com • investor.services@blackrock.com

This chart shows the fund's performance as the percentage loss or gain per year over the last 1 years.

  2019 2020 2021 2022 2023
Total Return (%)
Target Benchmark 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 (%) - - - - -
Target Benchmark 1 (%) - - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 3.50 2.00 3.50 - - - - - 2.39
Target Benchmark 1 (%) 3.45 1.94 3.45 - - - - - 2.33
  From
31-Mar-2018
To
31-Mar-2019 		From
31-Mar-2019
To
31-Mar-2020 		From
31-Mar-2020
To
31-Mar-2021 		From
31-Mar-2021
To
31-Mar-2022 		From
31-Mar-2022
To
31-Mar-2023
Total Return (%)

as of 31/Mar/2023

- - - - -
Target Benchmark 1 (%)

as of 31/Mar/2023

- - - - -

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 21/Nov/2024
GBP 220,725,939
Fund Launch Date
12/Jul/2022
Fund Base Currency
GBP
Target Benchmark 1
BBG Global Treasury Japan Index - GBP Hedged Composite
Initial Charge
0.00%
Management Fee
0.20%
Performance Fee
0.00%
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BPNZXL8
Share Class launch date
30/Nov/2022
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.22%
ISIN
IE0005DWJQH7
Distribution Frequency
Quarterly
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 2 days
Bloomberg Ticker
COJIGNC ID

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
52
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 31/Oct/2024
0.97
Weighted Average YTM
as of 31/Oct/2024
0.97%
Weighted Avg Maturity
as of 31/Oct/2024
10.91
12 Month Trailing Dividend Distribution Yield
as of 31/Mar/2023
0.10
3y Beta
as of -
-
Modified Duration
as of 31/Oct/2024
9.17
Effective Duration
as of 31/Oct/2024
9.08
WAL to Worst
as of 31/Oct/2024
10.91

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

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

Ratings

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
JAPAN (GOVERNMENT OF) 30YR #32 2.3 03/20/2040 5.25
JAPAN (GOVERNMENT OF) 30YR #31 2.2 09/20/2039 5.15
JAPAN (GOVERNMENT OF) 5YR #2 0.5 06/20/2029 4.89
JAPAN (GOVERNMENT OF) 40YR #1 2.4 03/20/2048 4.57
JAPAN (GOVERNMENT OF) 30YR #15 2.5 06/20/2034 4.50
Name Weight (%)
JAPAN (GOVERNMENT OF) 5YR #171 0.4 06/20/2029 4.05
JAPAN (GOVERNMENT OF) 2YR #463 0.4 08/01/2026 3.86
JAPAN (GOVERNMENT OF) 20YR #111 2.2 06/20/2029 3.81
JAPAN (GOVERNMENT OF) 2YR #465 0.4 10/01/2026 3.80
JAPAN (GOVERNMENT OF) 30YR #30 2.3 03/20/2039 3.76
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
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 NC Dist GBP Quarterly 10.17 -0.05 -0.52 03/Apr/2023 10.27 9.83 IE0005DWJQH7
Class C Dist Hedged EUR Quarterly 10.16 -0.01 -0.13 21/Nov/2024 10.31 10.01 IE0004L7D8X3
Class C Dist GBP Quarterly 10.47 -0.01 -0.11 21/Nov/2024 10.60 10.21 IE000F56BST1
Class C Dist Hedged USD Quarterly 10.58 -0.01 -0.12 21/Nov/2024 10.71 10.29 IE000WFTHFK4

Portfolio Managers

Portfolio Managers

Vish Acharya
Vish Acharya

Literature

Literature