Equity

BlackRock Advantage Asia ex Japan Equity Fund

Overview

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.

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. 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.

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

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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 (%) 12.2 27.0 -3.9 -19.7 7.2
Constraint Benchmark 1 (%) 18.2 25.0 -4.7 -19.7 6.0

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

  1y 3y 5y 10y Incept.
7.19 -7.67 1.90 - -
Constraint Benchmark 1 (%) 4.94 -8.40 1.78 - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.68 5.32 5.34 5.11 7.19 -21.29 9.86 - -
Constraint Benchmark 1 (%) -0.16 5.60 3.35 3.41 4.94 -23.14 9.22 - -
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of 31-Dec-2023

12.20 27.04 -3.91 -19.71 7.16
Constraint Benchmark 1 (%)

as of 31-Dec-2023

18.17 25.02 -4.72 -19.67 5.98

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 EUR, hedged share class benchmark performance is displayed in USD.

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 27-Mar-2024 USD 45,382,513
Share Class launch date 19-Jul-2018
Fund Launch Date 19-Jul-2018
Share Class Currency EUR
Fund Base Currency USD
Asset Class Equity
Constraint Benchmark 1 MSCI All Country Asia ex Japan in USD - NET (USD)
Initial Charge -
Ongoing Charges Figures 0.50%
ISIN IE00BFZP7S10
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category Other Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BRAJDEH
SEDOL BFZP7S1

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 29-Feb-2024 278
Standard Deviation (3y) as of 29-Feb-2024 18.46%
3y Beta as of 29-Feb-2024 0.946
P/E Ratio as of 29-Feb-2024 15.41
P/B Ratio as of 29-Feb-2024 1.55

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.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a 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 21-Mar-2024 A
MSCI ESG % Coverage as of 21-Mar-2024 95.04
MSCI ESG Quality Score (0-10) as of 21-Mar-2024 6.12
MSCI ESG Quality Score - Peer Percentile as of 21-Mar-2024 19.12
Fund Lipper Global Classification as of 21-Mar-2024 Equity Asia Pacific ex Japan
Funds in Peer Group as of 21-Mar-2024 685
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Mar-2024 131.95
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Mar-2024 79.51
All data is from MSCI ESG Fund Ratings as of 21-Mar-2024, based on holdings as of 30-Nov-2023. 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, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. 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 29-Feb-2024 0.00%
MSCI - UN Global Compact Violators as of 29-Feb-2024 0.00%
MSCI - Nuclear Weapons as of 29-Feb-2024 0.00%
MSCI - Thermal Coal as of 29-Feb-2024 0.00%
MSCI - Civilian Firearms as of 29-Feb-2024 0.00%
MSCI - Oil Sands as of 29-Feb-2024 0.00%
MSCI - Tobacco as of 29-Feb-2024 0.00%

Business Involvement Coverage as of 29-Feb-2024 96.11%
Percentage of Fund not covered as of 29-Feb-2024 3.89%
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 0.42% and for Oil Sands 0.00%.

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

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 may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). 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 metrics, and other factors.

Risk Indicator

Risk Indicator

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3
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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 29-Feb-2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9.77
SAMSUNG ELECTRONICS CO LTD 6.90
TENCENT HOLDINGS LTD 3.78
AIA GROUP LTD 3.01
ALIBABA GROUP HOLDING LTD 2.65
Name Weight (%)
CHINA CONSTRUCTION BANK CORP 1.75
MEDIATEK INC 1.46
GENPACT LTD 1.37
KWEICHOW MOUTAI CO LTD 1.10
SK HYNIX INC 1.10
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Feb-2024

% of Market Value

Type Fund Benchmark Net
as of 29-Feb-2024

% of Market Value

Type Fund Benchmark Net
as of 29-Feb-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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D Hedged Acc EUR 109.23 -0.67 -0.61 27-Mar-2024 111.68 95.11 IE00BFZP7S10
Class D Hedged Acc GBP 115.27 -0.70 -0.61 27-Mar-2024 117.79 99.84 IE00BG1DFH12
Class X Acc GBP 105.80 -0.64 -0.60 27-Mar-2024 107.40 93.92 IE000EH0L0R7
Class D Hedged Acc CHF 105.85 -0.69 -0.65 27-Mar-2024 108.34 92.93 IE00BFZP7R03
Class D Acc USD 126.09 -0.76 -0.60 27-Mar-2024 128.83 108.94 IE00BFZP7Q95
Class X Acc USD 129.72 -0.78 -0.60 27-Mar-2024 132.51 111.86 IE00BFZP7T27
Class A Acc USD 120.04 -0.72 -0.60 27-Mar-2024 122.67 103.92 IE00BDDRH748

Portfolio Managers

Portfolio Managers

Jeff Shen
Jeff Shen
Ryan Kim
Ryan Kim

Literature

Literature