Multi Asset

BlackRock Market Advantage Strategy 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.

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

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Ex-Date Total Distribution
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  2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Total Return (%) -1.10 11.65
Comparator Benchmark 1 (%) 0.17 0.19

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

  1Y 3Y 5Y 10y Incept.
- - - - -
Comparator Benchmark 1 (%) - - - - -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
- 0.00 - - - - - - -
Comparator Benchmark 1 (%) 0.19 0.02 0.08 0.16 - - - - -
  From
30-Jun-2012
To
30-Jun-2013
From
30-Jun-2013
To
30-Jun-2014
From
30-Jun-2014
To
30-Jun-2015
From
30-Jun-2015
To
30-Jun-2016
From
30-Jun-2016
To
30-Jun-2017
Total Return (%)

as of Jun 30, 2017

- 14.46 4.81 - -
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.

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 EUR.

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 as of Dec 12, 2017 GBP 2,400,717
Net Assets of Fund as of Apr 15, 2024 EUR 241,220,727
Share Class Inception Date Dec 17, 2012
Fund Inception Date Jul 31, 2007
Share Class Currency GBP
Base Currency EUR
Asset Class Multi Asset
Comparator Benchmark 1 3 Month Euribor (Industry Standard) Index
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 0.35%
ISIN IE00B70CRS17
Annual Management Fee 0.30%
Performance Fee 0.00%
Minimum Initial Investment GBP 1000000
Minimum Subsequent Investment GBP 10000
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 BGIADIB
SEDOL B70CRS1

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Mar 28, 2024 2160
12m Trailing Yield as of Feb 29, 2016 0.00%
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of Mar 28, 2024 16.61
P/B Ratio as of Mar 28, 2024 1.83
Yield to Maturity as of Mar 28, 2024 2.91%
Modified Duration as of Mar 28, 2024 10.15 yrs
Effective Duration as of Mar 28, 2024 9.84 yrs
Weighted Avg Maturity as of Mar 28, 2024 4.20 yrs

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

Business Involvement Coverage as of Mar 28, 2024 57.66%
Percentage of Fund not covered as of Mar 28, 2024 34.40%
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 0.01% 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 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 environmental aspects, human capital or management quality. As part of this research, the Fund manager may conduct due diligence on ESG data providers. Once these signals have met the criteria necessary to be incorporated in the portfolio, they are considered, where applicable, 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, 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.

Ratings

Risk Indicator

Risk Indicator

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

Holdings

Holdings

Sorry, top holdings are not available at this time.
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 28, 2024

% of Market Value

Type Fund Benchmark Net
Sorry, countries/regions are not available at this time.
Sorry, countries/regions are not available at this time.
Sorry, asset classes are not available at this time.
Allocations subject to change.
Sorry, maturities are not available at this time.
Sorry, ratings are not available at this time.
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
B GBP 10.90 0.00 0.00 Dec 12, 2017 10.90 10.90 IE00B70CRS17
B EUR 13.76 -0.19 -1.36 Mar 7, 2022 15.23 13.76 IE00B1XFCH91
B GBP 13.23 -0.07 -0.52 Oct 11, 2022 17.58 13.15 IE00B1XFCG84
E GBP 10.70 -0.12 -1.09 Apr 15, 2024 11.04 9.33 IE00B91N1B80
A GBP 12.55 -0.02 -0.16 May 13, 2021 12.95 11.09 IE00B91QJN52
E GBP 10.90 -0.12 -1.09 Apr 15, 2024 11.25 9.53 IE00B7WF0L28
A GBP 14.86 -0.16 -1.08 Apr 15, 2024 15.33 12.92 IE00B1XFCB30
E EUR 12.52 -0.14 -1.11 Apr 15, 2024 12.93 10.99 IE00B884ZV52

Portfolio Managers

Portfolio Managers

Philip Hodges, PhD
Managing Director, Co-head of Systematic Equities Macro and Lead Portfolio Manager for Enhanced Factors Strategies

Philip Hodges

He Ren
Director, Systematic Equities

He Ren, Director, is a senior researcher within BlackRock’s Systematic investment team.

Literature

Literature