Fixed Income

BlackRock Systematic Multi-Strategy ESG Screened 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.

Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Asset backed securities and mortgage backed securities are subject to the same risks described for fixed income securities. These instruments may be subject to 'Liquidity Risk', have high levels of borrowing and may not fully reflect the value of underlying assets. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events. 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. 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

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 1 years.

  2019 2020 2021 2022 2023
Total Return (%) 5.2
Target Benchmark 1 (%) 5.0

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

  1y 3y 5y 10y Incept.
8.76 - - - 3.10
Target Benchmark 1 (%) 5.40 - - - 4.03
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.59 0.80 -0.12 2.59 8.76 - - - 7.10
Target Benchmark 1 (%) 2.63 0.41 1.32 2.63 5.40 - - - 9.30
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30-Jun-2024

- - - -1.36 8.76
Target Benchmark 1 (%)

as of 30-Jun-2024

- - - 3.59 5.40

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 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 22-Jul-2024
USD 99,581,486
Fund Launch Date
14-Jun-2021
Fund Base Currency
USD
Target Benchmark 1
ICE BofA 3 Month Treasury Bill Index (G0O1) (USD)
Ongoing Charges Figures
0.90%
Annual Management Fee
0.00%
Minimum Initial Investment
GBP 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BPSJTB7
Share Class launch date
31-Mar-2022
Share Class Currency
GBP
Asset Class
Fixed Income
Initial Charge
0.00%
ISIN
IE000B9P6T25
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 1,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
USMS-AG

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Jun-2024
1374
3y Beta
as of -
-
Modified Duration
as of 28-Jun-2024
3.75
Effective Duration
as of 28-Jun-2024
3.20
WAL to Worst
as of 28-Jun-2024
4.57
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 28-Jun-2024
5.44
Weighted Average YTM
as of 28-Jun-2024
5.37%
Weighted Avg Maturity
as of 28-Jun-2024
4.57

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 28-Jun-2024
0.00%
MSCI - Nuclear Weapons
as of 28-Jun-2024
0.00%
MSCI - Civilian Firearms
as of 28-Jun-2024
0.01%
MSCI - Tobacco
as of 28-Jun-2024
0.01%
MSCI - UN Global Compact Violators
as of 28-Jun-2024
0.01%
MSCI - Thermal Coal
as of 28-Jun-2024
0.00%
MSCI - Oil Sands
as of 28-Jun-2024
0.00%

Business Involvement Coverage
as of 28-Jun-2024
57.62%
Percentage of Fund not covered
as of 28-Jun-2024
42.52%
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 0.52%.

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 and due diligence stage of the investment process. The Fund manager has developed internal research signals to help evaluate corporate issuers on climate, governance and human capital issues. ESG information may be sourced from both internal and external sources. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. 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

Holdings

Holdings

as of 28-Jun-2024
Name Weight (%)
UNIFORM MBS 7.45
ISHARESBROAD USD HIGHYIELDCORPBONDUSD INC 7.02
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 3.10
JPMORGAN CHASE & CO 1.47
BANK OF AMERICA CORP 1.45
Name Weight (%)
WELLS FARGO & COMPANY 1.24
CITIGROUP INC 1.21
MOTOROLA SOLUTIONS INC 1.19
PACKAGING CORP OF AMERICA 1.18
AMERICAN EXPRESS COMPANY 1.17
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Jun-2024

% of Market Value

Type Fund
Sorry, geographic exposures are not available at this time.
as of 28-Jun-2024

% of Market Value

Type Fund
as of 28-Jun-2024

% of Market Value

Type Fund
as of 28-Jun-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 Hedged GBP 107.57 0.10 0.09 22-Jul-2024 108.03 99.07 IE000B9P6T25
Class Z USD 111.01 0.10 0.09 22-Jul-2024 111.50 101.62 IE00BKPSQK02
Class X Hedged AUD 109.48 0.11 0.10 22-Jul-2024 109.96 100.79 IE000W27VYT3
Class X USD 113.38 0.11 0.10 22-Jul-2024 113.86 103.10 IE00BKPSQJ96
Class DP USD 110.96 0.09 0.08 22-Jul-2024 111.41 101.64 IE00BKPSQH72
Class Z EUR 105.21 0.10 0.09 22-Jul-2024 105.68 97.82 IE00BKPSQD35
Class Z GBP 108.81 0.10 0.09 22-Jul-2024 109.27 100.07 IE00BKPSQF58
Class Z CHF 100.98 0.10 0.09 22-Jul-2024 101.83 95.69 IE00BKPSQC28
Class D USD 110.27 0.10 0.09 22-Jul-2024 110.76 101.18 IE00BKPSQG65

Portfolio Managers

Portfolio Managers

Tom Parker, CFA
CIO of Systematic Fixed Income

Tom Parker, CFA

Scott Radell
Scott Radell
Jeffrey Rosenberg
Jeffrey Rosenberg

Literature

Literature