Equity

BlackRock Global Impact 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. Derivatives may be 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. Frontier markets are generally more sensitive to economic and political conditions than developed and emerging 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. There may be larger fluctuations to the value of your investment and increased risk of losing your capital.

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 3 years.

  2019 2020 2021 2022 2023
Total Return (%) 2.1 -23.9 5.0
Constraint Benchmark 1 (%) 27.5 -13.0 18.1

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

  1y 3y 5y 10y Incept.
21.66 -3.13 - - 8.55
Constraint Benchmark 1 (%) 30.28 9.99 - - 18.24
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
15.35 6.35 5.65 12.43 21.66 -9.11 - - 46.63
Constraint Benchmark 1 (%) 25.86 6.63 8.75 13.60 30.28 33.05 - - 118.56
  From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
From
30-Sep-2022
To
30-Sep-2023
From
30-Sep-2023
To
30-Sep-2024
Total Return (%)

as of 30-Sep-2024

- 23.63 -21.11 -8.87 16.24
Constraint Benchmark 1 (%)

as of 30-Sep-2024

- 28.94 -6.14 11.78 24.99

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 10-Dec-2024
USD 49,252,993
Fund Launch Date
31-Mar-2020
Fund Base Currency
USD
Constraint Benchmark 1
MSCI All Country World Net TR Index - in EUR
Ongoing Charges Figures
1.70%
ISIN
IE00BL5H0Y66
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Flex-Cap Equity
Dealing Frequency
Daily, forward pricing basis
Share Class launch date
31-Mar-2020
Share Class Currency
EUR
Asset Class
Equity
Initial Charge
0.00%
Management Fee
0.00%
Performance Fee
0.00%
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
SEDOL
BL5H0Y6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29-Nov-2024
89
3y Beta
as of 30-Nov-2024
0.986
P/B Ratio
as of 29-Nov-2024
3.50
Standard Deviation (3y)
as of 30-Nov-2024
15.46%
P/E Ratio
as of 29-Nov-2024
29.56

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-Nov-2024
AA
MSCI ESG Quality Score (0-10)
as of 21-Nov-2024
7.59
Fund Lipper Global Classification
as of 21-Nov-2024
Equity Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21-Nov-2024
41.83
MSCI ESG % Coverage
as of 21-Nov-2024
97.15
MSCI ESG Quality Score - Peer Percentile
as of 21-Nov-2024
85.49
Funds in Peer Group
as of 21-Nov-2024
5,451
MSCI Weighted Average Carbon Intensity % Coverage
as of 21-Nov-2024
93.87
All data is from MSCI ESG Fund Ratings as of 21-Nov-2024, based on holdings as of 30-Jun-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, 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-Nov-2024
0.00%
MSCI - Nuclear Weapons
as of 29-Nov-2024
0.00%
MSCI - Civilian Firearms
as of 29-Nov-2024
0.00%
MSCI - Tobacco
as of 29-Nov-2024
0.00%
MSCI - UN Global Compact Violators
as of 29-Nov-2024
0.00%
MSCI - Thermal Coal
as of 29-Nov-2024
0.00%
MSCI - Oil Sands
as of 29-Nov-2024
0.00%

Business Involvement Coverage
as of 29-Nov-2024
100.21%
Percentage of Fund not covered
as of 29-Nov-2024
0.00%
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 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

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

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31-Dec-2023)
Analyst-Driven % as of 31-Dec-2023
10.00
Data Coverage % as of 31-Dec-2023
80.00

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 3.04
BLOCK INC 2.84
FORTINET INC 2.77
ELI LILLY AND COMPANY 2.72
GLOBAL PAYMENTS INC 2.60
Name Weight (%)
PALO ALTO NETWORKS INC 2.57
BOSTON SCIENTIFIC CORPORATION 2.55
RECRUIT HOLDINGS CO LTD 2.40
AUTODESK INC 2.33
INTUIT INC. 2.33
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Nov-2024

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-2024

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-2024

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-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 A EUR 147.71 0.31 0.21 10-Dec-2024 148.76 123.97 IE00BL5H0Y66
Class D USD 146.26 -0.90 -0.61 10-Dec-2024 147.68 125.01 IE00BL5H0Z73
Class I JPY 12,300.86 13.76 0.11 10-Dec-2024 12,517.74 10,057.20 IE00BLCHKM78
Class X Acc AUD 93.34 -0.24 -0.26 16-Sep-2024 93.58 74.72 IE0003ASDU71
Class I EUR 114.18 0.25 0.22 10-Dec-2024 114.98 95.24 IE0000YFNFR3
Class I EUR 154.54 0.33 0.22 10-Dec-2024 155.62 128.58 IE00BLJP7D43
Class A EUR 102.36 0.22 0.21 10-Dec-2024 103.09 85.91 IE00BMYPBC33
Class X Hedged NZD 107.90 -0.69 -0.63 10-Dec-2024 108.97 91.69 IE000X2ZUN17
Class A USD 141.70 -0.88 -0.61 10-Dec-2024 143.09 122.02 IE00BL5H0X59
Class X GBP 85.90 -0.14 -0.16 10-Dec-2024 87.10 75.98 IE00BN4GXJ42
Class X NZD 124.22 1.09 0.88 10-Dec-2024 124.64 99.53 IE000Y8I4H54
Class X USD 152.92 -0.94 -0.61 10-Dec-2024 154.39 129.47 IE00BL5H1109
Class Z USD 148.43 -0.91 -0.61 10-Dec-2024 149.86 126.49 IE00BL5H1216
Class Z GBP 76.98 1.12 1.47 28-Jun-2023 87.89 75.55 IE00BL5B5098
Class I EUR 132.97 -0.83 -0.62 10-Dec-2024 134.27 115.39 IE00BLJP7H80
Class Z EUR 155.06 0.33 0.22 10-Dec-2024 156.14 128.93 IE00BLGM4M63
Class Z GBP 144.45 -0.23 -0.16 10-Dec-2024 146.50 124.84 IE00BLGM4N70
Class D EUR 152.92 0.33 0.22 10-Dec-2024 153.99 127.49 IE00BL5H1091
Class I GBP 144.16 -0.23 -0.16 10-Dec-2024 146.22 124.72 IE00BLJP7J05
Class D GBP 142.89 -0.23 -0.16 10-Dec-2024 144.95 123.83 IE00BL5H1323

Portfolio Managers

Portfolio Managers

Anna Hawley

Anna Hawley, CFA, Managing Director and senior portfolio manager, leads Sustainability/ESG portfolio management in BlackRock's Systematic Active Equity (SAE) team. She manages Sustainable portfolios, is responsible for integrating ESG insights into core systematic funds and developing custom ESG solutions.

Katharina Schwaiger
Katharina Schwaiger

Literature

Literature