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

Loading

Performance

Performance

Chart

Performance chart data not available for display.
View full chart

Distributions

Ex-Date Total Distribution
View full table

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 (%) 6.2
Comparator Benchmark 1 (%) 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.
2.48 - - - -1.57
Comparator Benchmark 1 (%) 14.68 - - - 11.82
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.15 0.15 12.92 1.11 2.48 - - - -1.91
Comparator Benchmark 1 (%) 2.29 2.29 12.05 5.64 14.68 - - - 14.59
  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

- - - - 6.19
Comparator Benchmark 1 (%)

as of 31-Dec-2023

- - - - 18.06

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 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 20-Feb-2024 USD 122,470,081
Share Class launch date 11-Nov-2022
Fund Launch Date 31-Mar-2020
Share Class Currency EUR
Fund Base Currency USD
Asset Class Equity
Comparator Benchmark 1 MSCI All Country World Net TR Index - in EUR
Initial Charge 0.00%
Ongoing Charges Figures 0.75%
ISIN IE0000YFNFR3
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 10,000,000.00
Minimum Subsequent Investment EUR 10,000.00
Use of Income Distributing
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
Bloomberg Ticker GLBIMPD
SEDOL BPDYBN3

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Jan-2024 59
12 Month Trailing Dividend Distribution Yield as of 31-Jan-2024 0.30
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of 31-Jan-2024 26.93
P/B Ratio as of 31-Jan-2024 3.41

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 19-Jan-2024 AA
MSCI ESG % Coverage as of 19-Jan-2024 96.02
MSCI ESG Quality Score (0-10) as of 19-Jan-2024 7.26
MSCI ESG Quality Score - Peer Percentile as of 19-Jan-2024 65.95
Fund Lipper Global Classification as of 19-Jan-2024 Equity Global
Funds in Peer Group as of 19-Jan-2024 5,409
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 19-Jan-2024 79.69
MSCI Weighted Average Carbon Intensity % Coverage as of 19-Jan-2024 93.42
All data is from MSCI ESG Fund Ratings as of 19-Jan-2024, based on holdings as of 30-Sep-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 31-Jan-2024 0.00%
MSCI - UN Global Compact Violators as of 31-Jan-2024 0.00%
MSCI - Nuclear Weapons as of 31-Jan-2024 0.00%
MSCI - Thermal Coal as of 31-Jan-2024 0.00%
MSCI - Civilian Firearms as of 31-Jan-2024 0.00%
MSCI - Oil Sands as of 31-Jan-2024 0.00%
MSCI - Tobacco as of 31-Jan-2024 0.00%

Business Involvement Coverage as of 31-Jan-2024 98.74%
Percentage of Fund not covered as of 31-Jan-2024 1.52%
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 0.00%.

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.

In addition to the investment process described in the Fund documentation, the Fund manager also considers ESG criteria during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from BlackRock’s internal ESG research, third-party data providers, and engagement with company management, where available. The Fund manager incorporates filters, which may include exposures to material environmental, social and governance risks, and uses BlackRock’s internal business involvement and controversy flags, among other tools, when evaluating the investable universe. The Fund manager may also meet with company management and visit company sites to assist in assessing ESG concerns. Relevant ESG considerations, to the extent available, may be recorded in internal stock written communications as well as in analysts’ company meeting notes. Material ESG considerations form part of the team’s regular security presentations, and are discussed as appropriate during Risk and Quantitative Analysis group reviews, portfolio attribution reviews, team meetings, and reviews with the Chief Investment Officers.

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 31-Jan-2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 3.30
BANK RAKYAT INDONESIA (PERSERO) TBK PT 3.03
MERCADOLIBRE INC 2.87
WISE PLC 2.84
BOSTON SCIENTIFIC CORPORATION 2.82
Name Weight (%)
CROWN HOLDINGS INC 2.79
ASML HOLDING NV 2.75
PEARSON PLC 2.58
ICF INTERNATIONAL INC 2.48
CLEAN HARBORS INC 2.39
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-2024

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-2024

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-2024

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-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 I EUR 99.07 -1.24 -1.23 20-Feb-2024 100.31 85.34 IE0000YFNFR3
Class Z USD 132.23 -1.01 -0.76 20-Feb-2024 133.78 111.78 IE00BL5H1216
Class X NZD 103.27 -1.89 -1.80 20-Feb-2024 105.17 92.28 IE000Y8I4H54
Class Z EUR 134.10 -1.68 -1.23 20-Feb-2024 135.78 115.53 IE00BLGM4M63
Class D USD 130.61 -1.00 -0.76 20-Feb-2024 132.19 110.50 IE00BL5H0Z73
Class I GBP 129.34 -1.77 -1.35 20-Feb-2024 131.10 113.89 IE00BLJP7J05
Class X GBP 77.35 -1.05 -1.34 20-Feb-2024 84.56 73.43 IE00BN4GXJ42
Class X USD 135.52 -1.02 -0.75 20-Feb-2024 136.98 114.33 IE00BL5H1109
Class D GBP 128.38 -1.76 -1.35 20-Feb-2024 130.14 113.15 IE00BL5H1323
Class Z GBP 129.47 -1.77 -1.35 20-Feb-2024 131.24 113.99 IE00BLGM4N70
Class X Acc AUD 85.93 -1.21 -1.38 20-Feb-2024 87.14 74.72 IE0003ASDU71
Class Z GBP 76.98 1.12 1.47 28-Jun-2023 87.89 75.55 IE00BL5B5098
Class I EUR 133.71 -1.67 -1.23 20-Feb-2024 135.38 115.23 IE00BLJP7D43
Class D EUR 132.53 -1.66 -1.24 20-Feb-2024 134.19 114.29 IE00BL5H1091
Class A USD 127.30 -0.99 -0.77 20-Feb-2024 128.99 107.95 IE00BL5H0X59
Class I EUR 120.20 -0.93 -0.76 20-Feb-2024 121.81 102.31 IE00BLJP7H80
Class A EUR 128.78 -1.62 -1.25 20-Feb-2024 130.40 111.31 IE00BL5H0Y66
Class A EUR 89.24 -1.13 -1.25 20-Feb-2024 90.37 77.14 IE00BMYPBC33
Class X Hedged NZD 95.94 -0.73 -0.76 20-Feb-2024 96.88 81.14 IE000X2ZUN17
Class I JPY 10,797.29 -115.89 -1.06 20-Feb-2024 10,913.17 8,602.53 IE00BLCHKM78

Portfolio Managers

Portfolio Managers

Sheetal Prasad
Sheetal Prasad

Literature

Literature