Equity

BlackRock Gold and General Fund

  • Bid price as of 16/Feb/2022 GBP 1.23
  • Offer price as of 16/Feb/2022 GBP 1.24
  • Morningstar Rating

Overview

Investment Approach

The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund) over the long term (5 or more consecutive years beginning at the point of investment). The Fund invests invest at least 70% of its total assets in global equity securities (e.g. shares) of companies which derive a significant proportion of their income from gold mining or commodities such as precious metals. The Fund has the flexibility to invest outside of the sector set out above.

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.

The value of your investment and the income from it will vary and your initial investment amount is not guaranteed.


The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. Mining shares typically experience above average volatility when compared to other investments. Trends which occur within the general equity market may not be mirrored within mining securities. The Fund invests in a limited number of market sectors. Compared to investments which spread investment risk through investing in a variety of sectors, share price movements may have a greater affect on the overall value of this fund.

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

Show Less
Loading

Performance

Performance

Chart

View full chart

Distributions

Ex-Date Total Distribution
View full table
Ex-Date Total Distribution
For more information: 0800 445 522 • 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 4 years.

  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) -10.1 33.9 27.0 -10.2
Constraint Benchmark 1 (%) -5.8 35.8 19.4 -11.9

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 (%) -10.29 11.05 - - 4.35
Constraint Benchmark 1 (%) -13.50 8.92 - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) -6.61 -6.61 -6.69 -9.09 -10.29 36.93 - - 20.53
Constraint Benchmark 1 (%) -5.60 -5.60 0.06 -8.69 -13.50 29.20 - - -
  From
31-Dec-2016
To
31-Dec-2017		 From
31-Dec-2017
To
31-Dec-2018		 From
31-Dec-2018
To
31-Dec-2019		 From
31-Dec-2019
To
31-Dec-2020		 From
31-Dec-2020
To
31-Dec-2021
Total Return (%)

as of 31/Dec/2021

- -10.15 33.95 27.01 -10.21
Constraint Benchmark 1 (%)

as of 31/Dec/2021

- -5.80 35.76 19.41 -11.91

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 03/Jun/2024
GBP 943,046,194
Fund Launch Date
07/Apr/1988
Fund Base Currency
GBP
Constraint Benchmark 1
FTSE Gold Mining Index
Initial Charge
0.00%
ISIN
GB00BFBFVW79
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 100.00
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
SEDOL
BFBFVW7
Share Class launch date
12/Sept/2017
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
-
Ongoing Charges Figures
0.03%
Annual Management Fee
0.00%
Minimum Initial Investment
GBP 10,000,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Sector Equity Precious Metals
Dealing Frequency
Daily, forward pricing basis

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2024
43
Standard Deviation (3y)
as of 31/Jan/2022
35.23%
P/E Ratio
as of 30/Apr/2024
18.33
12 Month Trailing Dividend Distribution Yield
as of 28/Feb/2022
2.05
3y Beta
as of 31/Jan/2022
0.962
P/B Ratio
as of 30/Apr/2024
1.81

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager considers ESG criteria in combination with other information during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from third-party vendors, as well as internal engagement commentary and site visits and input from BlackRock Investment Stewardship. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

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

3 stars
Overall Morningstar Rating for BlackRock Gold and General Fund, Class X, as of 28/Feb/2022 rated against 241 Sector Equity Precious Metals Funds.

Holdings

Holdings

as of 30/Apr/2024
Name Weight (%)
AGNICO EAGLE MINES LTD (ONTARIO) 7.88
NEWMONT CORPORATION 7.43
BARRICK GOLD CORP 7.08
ENDEAVOUR MINING PLC 6.36
NORTHERN STAR RESOURCES LTD 6.11
Name Weight (%)
KINROSS GOLD CORP 4.67
ALAMOS GOLD INC 4.63
WHEATON PRECIOUS METALS CORP 4.59
ANGLOGOLD ASHANTI PLC 4.02
PAN AMERICAN SILVER CORP 3.78
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 30/Apr/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 Bid Price Offer Price ISIN
Class X GBP 1.23 1.24 GB00BFBFVW79
Class A GBP 13.01 13.12 GB0005852396
Class A GBP 12.23 12.33 GB0001732584
Class D GBP 12.99 13.10 GB00B5ZNJ904
Class X ACC GBP 1.72 1.73 GB00BFBFW808
Class DI GBP 14.94 15.07 GB00B99BDY18
Class DI GBP 13.65 13.77 GB00B99BF015
Class D GBP 14.50 14.63 GB00B5ZNJ896

Portfolio Managers

Portfolio Managers

Evy Hambro
Evy Hambro
Tom Holl
Tom Holl

Literature

Literature