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

This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 AUD, 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 12-Jul-2024
USD 2,493,618,709
Fund Launch Date
21-Jan-2020
Fund Base Currency
USD
Comparator Benchmark 1
MSCI World Net TR Index (AUD)
Ongoing Charges Figures
0.00%
Annual Management Fee
0.00%
Minimum Initial Investment
AUD 1,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BRF3R12
Share Class launch date
28-Sep-2023
Share Class Currency
AUD
Asset Class
Equity
Initial Charge
0.00%
ISIN
IE000GLX99V4
Performance Fee
0.00%
Minimum Subsequent Investment
AUD 10,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLGUXAA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Jun-2024
20
3y Beta
as of -
-
P/B Ratio
as of 28-Jun-2024
10.25
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 28-Jun-2024
46.57

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
0.00%
MSCI - Tobacco
as of 28-Jun-2024
0.00%
MSCI - UN Global Compact Violators
as of 28-Jun-2024
0.00%
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
100.01%
Percentage of Fund not covered
as of 28-Jun-2024
0.02%
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

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 (%)
MICROSOFT CORPORATION 9.81
ASML HOLDING NV 9.74
NOVO NORDISK A/S 9.68
CADENCE DESIGN SYSTEMS INC 6.46
ALPHABET INC 4.98
Name Weight (%)
META PLATFORMS INC 4.89
INTUITIVE SURGICAL INC 4.82
S&P GLOBAL INC 4.75
MASTERCARD INC 4.60
FERRARI NV 4.59
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Jun-2024

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-2024

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-2024

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-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 X AUD 123.61 0.59 0.48 12-Jul-2024 127.96 97.27 IE000GLX99V4
Class D EUR 172.02 0.53 0.31 12-Jul-2024 174.77 131.43 IE00BNG8N985
Class Z USD 191.92 1.13 0.59 12-Jul-2024 192.64 141.98 IE00BMBL3R37
Class Z USD 188.25 1.10 0.59 12-Jul-2024 188.96 139.27 IE00BK70NL42
Class X USD 194.52 1.14 0.59 12-Jul-2024 194.81 143.17 IE00BK70NK35
Class A USD 142.15 0.83 0.59 12-Jul-2024 143.12 105.89 IE00BMDQ3Z40
Class Z GBP 219.58 0.19 0.09 12-Jul-2024 226.01 173.75 IE00BKVDGS70
Class DP GBP 120.79 0.11 0.09 12-Jul-2024 123.48 95.96 IE000QPLSN26
Class DP EUR 120.53 0.37 0.31 12-Jul-2024 122.35 91.70 IE000KMEY7B9
Class DP USD 114.24 0.67 0.59 12-Jul-2024 114.86 84.54 IE000740ORN9
Class A EUR 178.16 0.54 0.31 12-Jul-2024 181.07 136.85 IE00BLF9YH30
Class D USD 119.57 0.70 0.59 12-Jul-2024 120.10 88.59 IE000YF287R2
Class A Hedged SGD 112.34 0.65 0.58 12-Jul-2024 113.78 97.44 IE000IXAMFU5
Class DP GBP 119.83 0.10 0.09 12-Jul-2024 123.20 94.66 IE0009I2JKS0
Class D GBP 121.01 0.10 0.09 12-Jul-2024 124.63 95.89 IE000XLJYHR7
Class D GBP 126.92 0.11 0.09 12-Jul-2024 130.72 100.58 IE000403NHH9
Class D EUR 125.14 0.38 0.31 12-Jul-2024 127.15 95.66 IE000CCF8EF0
Class Z EUR 230.03 0.71 0.31 12-Jul-2024 233.68 175.50 IE00BKVDGR63
Class Z Hedged EUR 165.92 0.96 0.58 12-Jul-2024 167.55 124.37 IE00BM974S12
Class D Hedged EUR 136.64 0.79 0.58 12-Jul-2024 138.07 102.58 IE00BNG8NB00
Class DP USD 115.05 0.68 0.59 12-Jul-2024 115.34 84.88 IE000ERUGWD7
Class D USD 186.45 1.09 0.59 12-Jul-2024 187.27 138.14 IE00BK70NJ20

Portfolio Managers

Portfolio Managers

Alister Hibbert
Managing Director

  

Michael Constantis
Managing Director

  

Literature

Literature