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

Record Date Ex-Date Payable Date
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Performance data is not currently available
  1Y 3Y 5Y 10y Incept.
- - - - -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
- 0.00 - - - - - - -
  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.

Key Facts

Key Facts

Net Assets as of Dec 12, 2017 GBP 2,400,717
Net Assets of Fund as of Jan 26, 2023 EUR 278,348,166
Share Class Inception Date Dec 17, 2012
Fund Inception Date Jul 31, 2007
Share Class Currency GBP
Base Currency EUR
Asset Class Multi Asset
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 0.35%
Annual Management Fee 0.30%
Performance Fee 0.00%
Minimum Initial Investment GBP 1000000
Minimum Subsequent Investment GBP 10000
Distribution Frequency Quarterly
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
ISIN IE00B70CRS17
SEDOL B70CRS1

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Dec 30, 2022 2240
12m Trailing Yield as of Feb 29, 2016 0.00%
Standard Deviation (3y) as of - -
P/E Ratio as of Dec 30, 2022 12.36
P/B Ratio as of Dec 30, 2022 1.71
Yield to Maturity as of Dec 30, 2022 3.28%
Modified Duration as of Dec 30, 2022 6.54 yrs
Effective Duration as of Dec 30, 2022 6.05 yrs
Weighted Avg Maturity as of Dec 30, 2022 4.21 yrs

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 Nov 21, 2022 AA
MSCI ESG % Coverage as of Nov 21, 2022 88.51
MSCI ESG Quality Score (0-10) as of Nov 21, 2022 7.30
MSCI ESG Quality Score - Peer Percentile as of Sep 7, 2021 66.00
Fund Lipper Global Classification as of Sep 7, 2021 Mixed Asset EUR Agg - Global
Funds in Peer Group as of Sep 7, 2021 350
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 21, 2022 121.00
MSCI Weighted Average Carbon Intensity % Coverage as of Nov 21, 2022 41.24
All data is from MSCI ESG Fund Ratings as of Nov 21, 2022, based on holdings as of Jul 31, 2022. 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 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. 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 Dec 30, 2022 0.00%
MSCI - UN Global Compact Violators as of Dec 30, 2022 0.00%
MSCI - Nuclear Weapons as of Dec 30, 2022 0.00%
MSCI - Thermal Coal as of Dec 30, 2022 0.00%
MSCI - Civilian Firearms as of Dec 30, 2022 0.01%
MSCI - Oil Sands as of Dec 30, 2022 0.00%
MSCI - Tobacco as of Dec 30, 2022 0.01%

Business Involvement Coverage as of Dec 30, 2022 52.84%
Percentage of Fund not covered as of Dec 30, 2022 39.88%
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 0.11%.

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

Risk Indicator

Risk Indicator

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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 Dec 30, 2022

% of Market Value

Type Fund
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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
B GBP Quarterly 10.90 0.00 0.00 Dec 12, 2017 10.90 10.90 IE00B70CRS17 -
A GBP Accumulating 13.82 0.03 0.23 Jan 26, 2023 15.97 12.42 IE00B1XFCB30 -
A GBP Quarterly 12.55 -0.02 -0.16 May 13, 2021 12.95 11.09 IE00B91QJN52 -
B GBP Accumulating 13.23 -0.07 -0.52 Oct 11, 2022 17.58 13.15 IE00B1XFCG84 -
E GBP Quarterly 10.30 0.02 0.23 Jan 26, 2023 12.06 9.28 IE00B7WF0L28 -
E GBP - 10.00 0.02 0.23 Jan 26, 2023 11.60 9.00 IE00B91N1B80 -
E EUR Accumulating 11.92 0.03 0.22 Jan 26, 2023 13.98 10.80 IE00B884ZV52 -
B EUR Accumulating 13.76 -0.19 -1.36 Mar 7, 2022 15.23 13.76 IE00B1XFCH91 -

Portfolio Managers

Portfolio Managers

Philip Hodges, PhD
Managing Director, Chief Investment Officer for BlackRock's Factors, Sustainable and Solutions 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