Equity

BlackRock Global Unconstrained 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.

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. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. 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 investment. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.
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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 1 years.

  2018 2019 2020 2021 2022
Total Return (%) -20.4
Comparator Benchmark 1 (%) -12.8

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

  1y 3y 5y 10y Incept.
17.93 - - - 0.20
Comparator Benchmark 1 (%) 6.62 - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
24.42 7.41 0.63 3.00 17.93 - - - 0.41
Comparator Benchmark 1 (%) 15.42 5.96 1.08 6.23 6.62 - - - -
  From
30-Sep-2018
To
30-Sep-2019
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
Total Return (%)

as of 30-Sep-2023

- - - - 20.18
Comparator Benchmark 1 (%)

as of 30-Sep-2023

- - - - 12.84

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 08-Dec-2023 USD 1,382,917,631
Share Class launch date 15-Nov-2021
Fund Launch Date 21-Jan-2020
Share Class Currency EUR
Fund Base Currency USD
Asset Class Equity
Comparator Benchmark 1 MSCI World Net TR Index in EUR
Initial Charge 0.00%
Ongoing Charges Figures 0.35%
ISIN IE000KMEY7B9
Annual Management Fee 0.00%
Performance Fee 20.00%
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 -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
SEDOL BMF0PF8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30-Nov-2023 21
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of 30-Nov-2023 40.38
P/B Ratio as of 30-Nov-2023 10.01

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 25-Oct-2023 AA
MSCI ESG % Coverage as of 25-Oct-2023 100.00
MSCI ESG Quality Score (0-10) as of 25-Oct-2023 7.51
MSCI ESG Quality Score - Peer Percentile as of 25-Oct-2023 81.59
Fund Lipper Global Classification as of 25-Oct-2023 Equity Global
Funds in Peer Group as of 25-Oct-2023 5,399
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 25-Oct-2023 12.88
MSCI Weighted Average Carbon Intensity % Coverage as of 25-Oct-2023 99.74
All data is from MSCI ESG Fund Ratings as of 25-Oct-2023, based on holdings as of 30-Jun-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 30-Nov-2023 0.00%
MSCI - UN Global Compact Violators as of 30-Nov-2023 0.00%
MSCI - Nuclear Weapons as of 30-Nov-2023 0.00%
MSCI - Thermal Coal as of 30-Nov-2023 0.00%
MSCI - Civilian Firearms as of 30-Nov-2023 0.00%
MSCI - Oil Sands as of 30-Nov-2023 0.00%
MSCI - Tobacco as of 30-Nov-2023 0.00%

Business Involvement Coverage as of 30-Nov-2023 99.50%
Percentage of Fund not covered as of 30-Nov-2023 0.33%
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 includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. 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

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31-Oct-2023
Name Weight (%)
MICROSOFT CORPORATION 9.89
NOVO NORDISK A/S 7.97
LVMH MOET HENNESSY LOUIS VUITTON SE 7.42
CADENCE DESIGN SYSTEMS INC 7.21
ASML HOLDING NV 7.19
Name Weight (%)
VISA INC 4.76
COSTCO WHOLESALE CORPORATION 4.73
FERRARI NV 4.71
MASTERCARD INC 4.67
S&P GLOBAL INC 4.67
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-2023

% of Market Value

Type Fund Benchmark Net
as of 31-Oct-2023

% of Market Value

Type Fund Benchmark Net
as of 31-Oct-2023

% of Market Value

Type Fund Benchmark Net
as of 31-Oct-2023

% 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 DP EUR 102.60 0.70 0.69 08-Dec-2023 102.60 80.65 IE000KMEY7B9
Class X AUD 106.86 0.65 0.61 08-Dec-2023 107.36 97.27 IE000GLX99V4
Class D USD 157.22 0.84 0.54 08-Dec-2023 159.55 122.61 IE00BK70NJ20
Class Z Hedged EUR 141.16 0.74 0.53 08-Dec-2023 144.41 112.87 IE00BM974S12
Class D GBP 105.66 0.82 0.78 08-Dec-2023 106.07 95.89 IE000XLJYHR7
Class DP GBP 104.37 0.81 0.79 08-Dec-2023 104.74 83.57 IE0009I2JKS0
Class DP GBP 105.25 0.74 0.70 08-Dec-2023 105.37 95.96 IE000QPLSN26
Class D USD 100.83 0.54 0.54 08-Dec-2023 102.32 78.63 IE000YF287R2
Class A USD 120.41 0.64 0.53 08-Dec-2023 122.56 94.59 IE00BMDQ3Z40
Class D GBP 110.82 0.86 0.78 08-Dec-2023 111.25 89.44 IE000403NHH9
Class Z USD 161.63 0.86 0.54 08-Dec-2023 163.83 125.77 IE00BMBL3R37
Class Z EUR 196.27 1.34 0.69 08-Dec-2023 196.27 154.83 IE00BKVDGR63
Class D Hedged EUR 116.41 0.61 0.53 08-Dec-2023 119.29 93.33 IE00BNG8NB00
Class DP USD 96.28 0.51 0.54 08-Dec-2023 97.47 74.86 IE000740ORN9
Class DP USD 96.67 0.52 0.54 08-Dec-2023 97.86 74.97 IE000ERUGWD7
Class Z USD 158.54 0.84 0.54 08-Dec-2023 160.76 123.40 IE00BK70NL42
Class D EUR 106.95 0.73 0.68 08-Dec-2023 106.95 95.66 IE000CCF8EF0
Class D EUR 146.95 1.00 0.68 08-Dec-2023 146.95 116.15 IE00BNG8N985
Class X USD 163.12 0.87 0.54 08-Dec-2023 164.91 126.06 IE00BK70NK35
Class A EUR 152.87 1.04 0.68 08-Dec-2023 152.87 121.70 IE00BLF9YH30
Class Z GBP 191.50 1.49 0.78 08-Dec-2023 192.21 154.23 IE00BKVDGS70

Portfolio Managers

Portfolio Managers

Alister Hibbert
Managing Director

  

Michael Constantis
Managing Director

  

Literature

Literature