Multi Asset

BlackRock Market Advantage Strategy Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

This fund does not have any distributions data as of now.
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of Dec 31, 2020

9.22 10.80 -7.15 19.57 0.95
Benchmark (%)

as of Dec 31, 2020

-0.30 -0.40 -0.39 -0.42 -0.47
  1Y 3Y 5Y 10y Incept.
-0.81 3.54 6.42 4.81 2.73
Benchmark (%)

as of Jan 31, 2021

-0.48 -0.43 -0.41 0.02 0.70
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-0.99 -0.99 7.40 -0.81 10.99 36.52 60.02 43.94
Benchmark (%)

as of Jan 31, 2021

-0.05 -0.05 -0.15 -0.48 -1.30 -2.01 0.18 9.88
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Mar 4, 2021 EUR 713.723
Fund Inception Date Jul 31, 2007
Share Class Inception Date Jul 31, 2007
12m Trailing Yield -
Number of Holdings as of Feb 26, 2021 2515
Base Currency Euro
Asset Class Multi Asset
Morningstar Category EUR Flexible Allocation
Benchmark Index 3 Month EUR LIBOR (Act/240) (Mkt Adv)
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Ongoing Charge 0.32%
ISIN IE00B1XFCH91
Bloomberg Ticker BGIADVB
Annual Management Fee 0.30%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B1XFCH9
Bloomberg Benchmark Ticker MADUB1-AHP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 1000000
Minimum Subsequent Investment EUR 100000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Feb 28, 2021 0.03
3y Beta as of Jan 31, 2021 13.090
5y Volatility - Benchmark as of Feb 28, 2021 0.02
5y Beta as of Jan 31, 2021 34.817

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Feb 5, 2021 A
MSCI ESG Quality Score (0-10) as of Feb 5, 2021 6.75
MSCI ESG Quality Score - Peer Percentile as of Feb 5, 2021 79.20
MSCI ESG % Coverage as of Feb 5, 2021 74.73
Fund Lipper Global Classification as of Feb 5, 2021 Mixed Asset EUR Agg - Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 5, 2021 4.45
Funds in Peer Group as of Feb 5, 2021 351
All data is from MSCI ESG Fund Ratings as of Feb 5, 2021, based on holdings as of Aug 31, 2020. 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% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

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 Feb 26, 2021 0.00%
MSCI - UN Global Compact Violators as of Feb 26, 2021 0.00%
MSCI - Nuclear Weapons as of Feb 26, 2021 0.00%
MSCI - Thermal Coal as of Feb 26, 2021 0.00%
MSCI - Civilian Firearms as of Feb 26, 2021 0.00%
MSCI - Oil Sands as of Feb 26, 2021 0.00%
MSCI - Tobacco as of Feb 26, 2021 0.00%

Business Involvement Coverage as of Feb 26, 2021 12.62%
Percentage of Fund not covered as of Feb 26, 2021 87.38%
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 0.07% and for Oil Sands 0.06%.

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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in the research, selection, monitoring and reporting phases of the investment process. This may include third-party and internal material considerations, as defined by the investment team, of ESG criteria. The Fund manager undergoes a rigorous research phase in the construction of internal ESG research signals, which highlight criteria such as human capital or management quality. As part of this research, the Fund manager conducts due diligence on ESG data providers. Once these signals have met the criteria necessary to be incorporated in the portfolio, they are considered as part of the investment decisions on an ongoing basis as part of a broader set of signals. The Fund manager additionally uses standardized ESG criteria (headline ESG ratings, carbon emissions intensity) during the reporting phase. These may be sourced internally or directly from third-party data providers and are featured in internal portfolio analytics. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for BlackRock Market Advantage Strategy Fund, Class B, as of Feb 28, 2021 rated against 591 EUR Flexible Allocation Funds.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Exposure Breakdowns

Exposure Breakdowns

as of Feb 26, 2021

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
B EUR Accumulating 13.94 -0.14 -0.96 14.70 11.24 13.92 IE00B1XFCH91 13.96 -
A GBP Quarterly 12.24 -0.12 -0.97 12.95 9.98 12.23 IE00B91QJN52 12.26 -
E EUR Accumulating 13.59 -0.13 -0.96 14.32 10.97 13.57 IE00B884ZV52 13.60 -
B GBP Accumulating 16.32 -0.16 -0.97 17.21 13.12 16.30 IE00B1XFCG84 16.34 -
B GBP Quarterly 10.90 0.00 0.00 10.90 10.90 - IE00B70CRS17 - -
A GBP Accumulating 15.34 -0.15 -0.97 16.18 12.30 15.32 IE00B1XFCB30 15.36 -
E GBP Quarterly 11.75 -0.11 -0.97 12.42 9.56 11.74 IE00B7WF0L28 11.77 -
E GBP - 11.18 -0.11 -0.97 11.79 9.00 11.17 IE00B91N1B80 11.20 -

Portfolio Managers

Portfolio Managers

Philip Hodges, PhD
Managing Director, Head of Research for Blackrock's Factor-Based Strategies Group

Philip Hodges

He Ren
Vice President, Factor-Based Strategies Group

He Ren is a senior researcher at BlackRock's Factor-Based Strategies Group which optimizes factors to help meet investment outcomes, such as retirement savings, factor advisory mandates and bespoke factor solutions.

Literature

Literature