Equity

BCBDX

Global Dividend Fund

  • NAV as of Nov 20, 2024 $12.84
    52 WK: 11.08 - 13.32
  • 1 Day NAV Change as of Nov 20, 2024 0.00 (0.00%)
  • NAV Total Return as of Nov 20, 2024 YTD: 10.84%

Overview

About this Fund

1. Global portfolio of quality companies
2. Invests in companies with a greater potential for dividend growth 
3. Seeks lower volatility equity returns

Investment Approach

Invests in a portfolio of high-quality companies from across the globe. The team places emphasis on companies they believe offer financial stability, sustainable business models and above-average dividends and dividend growth potential.
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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 25.90 6.30 8.32 6.59
Return w/ Sales Charge (%) 24.90 6.30 8.32 6.59
Benchmark (%) 31.76 8.09 12.19 9.39
Morningstar Category Avg. (%) 24.84 6.02 8.65 6.87
Morningstar Ranking 62/147 113/142 102/129 76/95
Morningstar Quartile 2 4 4 4
Lipper Category Avg. (%) 24.65 7.36 8.45 6.70
Lipper Ranking 44/108 82/105 53/100 42/77
Lipper Quartile 2 4 3 3
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 14.12 1.07 6.98 25.90 20.12 49.15 89.30
Return w/ Sales Charge (%) 13.12 0.07 5.98 24.90 20.12 49.15 89.30
Benchmark (%) 18.66 2.32 6.61 31.76 26.28 77.73 145.26
Morningstar Category Avg. (%) 10.77 -2.81 0.73 24.84 26.94 59.28 99.16
Lipper Category Avg. (%) 13.99 1.19 7.76 24.65 23.95 50.74 93.94
  2019 2020 2021 2022 2023
Total Return (%) 21.51 5.88 16.55 -14.59 15.30
Annual w/ Sales Charge (%) 20.51 4.88 15.56 -15.40 14.30
Benchmark (%) 26.60 16.25 18.54 -18.36 22.20
Morningstar Category Avg. (%) 20.73 2.50 17.72 -8.50 15.05

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

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The Fund’s returns prior to November 1, 2010 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Income Builder Portfolio.” 
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Nov 20, 2024
$1,080.8 M
Share Class launch date
Apr 07, 2008
Benchmark Index
MSCI All Country World Index
Morningstar Category
Global Large-Stock Value
CUSIP
09256H377
Open to New Investors
Yes
Size of Class (Millions)
as of Nov 20, 2024
$16.6 M
Asset Class
Equity
Distribution Frequency
Quarterly
Lipper Classification
Global Equity Income
Max Offer Price
as of Nov 20, 2024
$12.84
Turnover Percent in the Annual Report
as of May 31, 2024
50%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Oct 31, 2024
50
P/E Ratio - Forward
as of Oct 31, 2024
21.05
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Oct 31, 2024
16.04
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2023
13.38%
Active Share
as of Oct 31, 2024
50.00%
P/B Ratio
as of Oct 31, 2024
4.31
Alpha (3y)
as of Oct 31, 2024
-0.11
R-Squared (3y)
as of Oct 31, 2024
92.00
Beta (3y)
as of Oct 31, 2024
0.94
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-11.41%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of Sep 21, 2024
AA
MSCI ESG Quality Score (0-10)
as of Sep 21, 2024
7.5
Fund Lipper Global Classification
as of Sep 21, 2024
Equity Global Income
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Sep 21, 2024
114.91
MSCI ESG % Coverage
as of Sep 21, 2024
100.00%
MSCI ESG Quality Score - Peer Percentile
as of Sep 21, 2024
68.37%
Funds in Peer Group
as of Sep 21, 2024
528
MSCI Weighted Average Carbon Intensity % Coverage
as of Sep 21, 2024
99.84%
All data is from MSCI ESG Fund Ratings as of Sep 21, 2024, based on holdings as of Mar 31, 2024. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of Oct 31, 2024
0.00%
MSCI - Nuclear Weapons
as of Oct 31, 2024
0.00%
MSCI - Civilian Firearms
as of Oct 31, 2024
0.00%
MSCI - Tobacco
as of Oct 31, 2024
2.26%
MSCI - UN Global Compact Violators
as of Oct 31, 2024
0.00%
MSCI - Thermal Coal
as of Oct 31, 2024
0.00%
MSCI - Oil Sands
as of Oct 31, 2024
0.00%
Business Involvement Coverage
as of Oct 31, 2024
99.73%
Percentage of Fund not covered
as of Oct 31, 2024
0.27%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 2.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.86%
Net Expense Ratio 1.86%

Net Expense Ratio excluding Investment Related Expenses is 1.86%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Lipper Leader

 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Oct 31, 2024 out of 100, 12,312, 100, 17 and 100 Funds, respectively in Lipper's Global Equity Income classification.

Holdings

Holdings

as of Oct 31, 2024
Name Weight (%)
MICROSOFT CORPORATION 4.82
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 3.66
TEXAS INSTRUMENTS INC 3.05
NOVO NORDISK A/S 2.95
ACCENTURE PLC 2.92
Name Weight (%)
MONDELEZ INTERNATIONAL INC 2.90
ABBVIE INC 2.66
ASTRAZENECA PLC 2.54
RELX PLC 2.54
APPLE INC 2.48
Name Market Value Weight (%) Shares
Detailed Holdings and Analytics
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 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.

Portfolio Managers

Portfolio Managers

Olivia Treharne, CFA
Olivia Treharne, CFA

Managing Director and co-Portfolio Manager on the Global Core Equity team.

Read More

Olivia Treharne, CFA, Managing Director, is co-Portfolio Manager for the Global Dividend, International Dividend and Global Long-Horizon strategies on the Global Core Equity team. She sits on the team's Leadership Committee and also provides research analyst coverage, primarily of the financials sector. Olivia has 14 years of industry experience and has been co-PM on the Global and International Dividend strategies for over three years. She was named as a portfolio manager in recognition of her experience as well as her significant contributions to the Global Core Equity team as a research analyst.

 

Olivia graduated from Cambridge University with degree in Economics and also holds a Masters in Economic and Social History from Oxford University.

Molly Greenen, CFA
Molly Greenen, CFA

Director and co-Portfolio Manager on the Global Core Equity team.

Read More

Molly Greenen, CFA, Director, is co-Portfolio Manager for the Global Dividend, International Dividend and Global Long-Horizon strategies on the Global Core Equity team. She sits on the team's Leadership Committee and also provides research analyst coverage, primarily of the industrials and materials sectors. Molly has 11 years of industry experience and was named co-PM of the Global Long-Horizon Equity strategy in February 2020 in recognition of her significant contributions to the strategy's investment process and performance. She joined BlackRock in 2013 through our graduate program, during which time she worked with both the Global Equity team and the European Equity team.

 

As one of the most senior investors on the Global Core Equity team, Molly had an instrumental role in the development of the Global Long-Horizon strategy.

 

Molly earned a MA (Hons) degree in Business Studies and Accounting from the University of Edinburgh in 2013.

Portfolio Manager
Read the Team's Commentary

Literature

Literature

 

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