Equity

BlackRock Systematic ESG Equity Absolute Return 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.

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. Due to its investment strategy an 'Absolute Return' fund may not move in line with market trends or fully benefit from a positive market environment. 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. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

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 2 years.

  2019 2020 2021 2022 2023
Total Return (%) -2.0 1.4
Target Benchmark 1 (%) -0.3 3.1

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

  1y 3y 5y 10y Incept.
6.54 - - - 2.21
Target Benchmark 1 (%) 3.46 - - - 1.12
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.49 -1.24 0.86 6.26 6.54 - - - 6.13
Target Benchmark 1 (%) 0.64 0.31 1.00 1.95 3.46 - - - 3.07
  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

- - - -2.00 1.42
Target Benchmark 1 (%)

as of 31-Dec-2023

- - - -0.32 3.06

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

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 28-Mar-2024 EUR 17,542,886
Share Class launch date 09-Jun-2021
Fund Launch Date 09-Jun-2021
Share Class Currency SEK
Fund Base Currency EUR
Asset Class Equity
Target Benchmark 1 EURIBOR 3 Month Index
Initial Charge 0.00%
Ongoing Charges Figures 1.15%
ISIN IE00BKPSQ001
Annual Management Fee 0.00%
Performance Fee 20.00%
Minimum Initial Investment SEK 5,000.00
Minimum Subsequent Investment SEK 1,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
SEDOL BKPSQ00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 29-Feb-2024 940
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of 29-Feb-2024 -1.39
P/B Ratio as of 29-Feb-2024 -69.96

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 7.48%
Percentage of Fund not covered as of 29-Feb-2024 92.63%
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

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 (%)
EBAY INC 2.43
MGM RESORTS INTERNATIONAL 2.26
VISA INC 2.24
OTSUKA CORP 2.23
AON PLC 2.21
Name Weight (%)
MASTERCARD INC 2.19
MSCI INC 2.17
KIMBERLY-CLARK CORPORATION 2.16
NOVO NORDISK A/S 2.15
AECOM 2.11
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Feb-2024

% of Market Value

Type Fund
as of 29-Feb-2024

% of Market Value

Type Fund
Sorry, geographic exposures are not available at this time.
as of 29-Feb-2024

% of Market Value

Type Fund
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 SEK 1,107.24 -1.74 -0.16 28-Mar-2024 1,108.98 992.95 IE00BKPSQ001
Class A EUR 108.29 -0.17 -0.16 28-Mar-2024 108.46 97.28 IE00BKPSQ225
Class Z Acc USD USD 91.33 1.08 1.19 01-Jun-2023 95.35 83.58 IE000OVMVA03
Class D Hedged USD 113.87 -0.16 -0.14 28-Mar-2024 114.03 101.28 IE00BKPSPY72
Class X EUR 114.44 -0.22 -0.19 28-Mar-2024 114.66 101.72 IE00BKPSQ332
Class Z EUR 111.16 -0.18 -0.16 28-Mar-2024 111.34 99.53 IE00BKPSQ118
Class X Acc Hedged AUD 110.93 -0.21 -0.19 28-Mar-2024 111.14 99.27 IE000XPSFA12
Class D EUR 109.74 -0.17 -0.15 28-Mar-2024 109.91 98.46 IE00BKPSPX65

Portfolio Managers

Portfolio Managers

Kevin Franklin
Kevin Franklin
Andrew Huzzey
Andrew Huzzey

Literature

Literature