Equity

BlackRock Europe Equity 1 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 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. Overseas investment will be affected by movements in currency exchange rates. The Fund uses derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
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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
View full table
  From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of Jun 30, 2022

3.88 5.99 -3.90 21.14 -5.85
Benchmark (%)

as of Jun 30, 2022

3.58 5.69 -3.98 20.83 -6.28
  1Y 3Y 5Y 10y Incept.
-6.82 4.05 3.60 - 7.80
Benchmark (%)

as of Aug 31, 2022

-7.24 3.79 3.31 - 7.54
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-8.95 -1.93 -3.98 -6.82 12.65 19.32 - 61.88
Benchmark (%)

as of Aug 31, 2022

-9.26 -1.93 -4.01 -7.24 11.79 17.70 - 59.43
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 Sep 29, 2022 EUR 743.083
Fund Inception Date Mar 31, 2016
Share Class Inception Date Mar 31, 2016
12m Trailing Yield as of Aug 31, 2022 2.51
Number of Holdings as of Aug 31, 2022 429
Base Currency Euro
Asset Class Equity
Morningstar Category Europe Large-Cap Blend Equity
Benchmark Index MSCI Europe Net TR in GBP
SFDR Classification Other
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Ongoing Charge 0.08%
ISIN IE00BZCTK982
Bloomberg Ticker -
Annual Management Fee 0.12%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BZCTK98
Bloomberg Benchmark Ticker M7EU
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 1000000000
Minimum Subsequent Investment -
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Aug 31, 2022 15.23
3y Beta as of Aug 31, 2022 1.003
5y Volatility - Benchmark as of Aug 31, 2022 13.34
5y Beta as of Aug 31, 2022 1.003

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 Sep 21, 2022 AAA
MSCI ESG % Coverage as of Sep 21, 2022 94.29
MSCI ESG Quality Score (0-10) as of Sep 21, 2022 9.20
MSCI ESG Quality Score - Peer Percentile as of Sep 21, 2022 53.89
Fund Lipper Global Classification as of Sep 21, 2022 Equity Europe
Funds in Peer Group as of Sep 21, 2022 1,080
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Sep 21, 2022 119.45
MSCI Weighted Average Carbon Intensity % Coverage as of Sep 21, 2022 91.77
MSCI Implied Temperature Rise (0-3.0+ °C) as of Sep 21, 2022 > 2.0° - 2.5° C
MSCI Implied Temperature Rise % Coverage as of Sep 21, 2022 90.73

What is the Implied Temperature Rise (ITR) metric? Learn what the metric means, how it is calculated, and about the assumptions and limitations for this forward-looking climate-related metric.

Climate change is one of the greatest challenges in human history and will have profound implications for investors. To address climate change, many of the world's major countries have signed the Paris Agreement. The temperature goal of the Paris Agreement is to limit global warming to well below 2°C above pre-industrial levels, and ideally 1.5 °C, which will help us avoid the most severe impacts of climate change.


What is the ITR metric?

The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. Scientific consensus suggests that reducing emissions until they reach net zero around mid-century (2050-2070) is how this goal could be met. A net zero emissions economy is one that balances emissions and removals.


How is the ITR metric calculated?

The ITR metric is calculated by looking at the current emissions intensity of companies within the fund's portfolio as well as the potential for those companies to reduce its emissions over time. If emissions in the global economy followed the same trend as the emissions of companies within the fund's portfolio, global temperatures would ultimately rise within this band.


Note, only corporate issuers are covered within the calculation. A summary explanation of MSCI’s methodology and assumptions for its ITR metric can be found here.


Because the ITR metric is calculated in part by considering the potential for a company within the fund’s portfolio to reduce its emissions over time, it is forward-looking and prone to limitations. As a result, BlackRock publishes MSCI’s ITR metric for its funds in temperature range bands. The bands help to underscore the underlying uncertainty in the calculations and the variability of the metric.

Thermometer-style chart of yellow to red temperature bands showing an investment’s position relative to the Paris Agreement temperature goals. Metric data source MSCI

What are the key assumptions and limitations of the ITR metric?

This forward-looking metric is calculated based on a model, which is dependent upon multiple assumptions. Also, there are limitations with the data inputs to the model. Importantly, an ITR metric may vary meaningfully across data providers for a variety of reasons due to methodological choices (e.g., differences in time horizons, the scope(s) of emissions included and portfolio aggregation calculations).

There is not a universally accepted way to calculate an ITR. There is not a universally agreed upon set of inputs for the calculation. At present, availability of input data varies across asset classes and markets. To the extent that data becomes more readily available and more accurate over time, we expect that ITR metric methodologies will evolve and may result in different outputs. Where data is not available, and / or if data changes, the estimation methods vary, particularly those related to a company’s future emissions.


The ITR metric estimates a fund’s alignment with the Paris Agreement temperature goal. However, there is no guarantee that these estimates will be reached. The ITR metric is not a real time estimate and may change over time, therefore it is prone to variance and may not always reflect a current estimate.


The ITR metric is not an indication or estimate of a fund’s performance or risk. Investors should not rely on this metric when making an investment decision and instead should refer to a fund’s prospectus and governing documents. This estimate and the associated information is not intended as a recommendation to invest in any fund, nor is it intended to indicate any correlation between a fund’s ITR metric and its future investment performance.

All data is from MSCI ESG Fund Ratings as of Sep 21, 2022, based on holdings as of May 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 Aug 31, 2022 0.00%
MSCI - UN Global Compact Violators as of Aug 31, 2022 0.64%
MSCI - Nuclear Weapons as of Aug 31, 2022 0.72%
MSCI - Thermal Coal as of Aug 31, 2022 0.00%
MSCI - Civilian Firearms as of Aug 31, 2022 0.68%
MSCI - Oil Sands as of Aug 31, 2022 0.00%
MSCI - Tobacco as of Aug 31, 2022 1.44%

Business Involvement Coverage as of Aug 31, 2022 99.99%
Percentage of Fund not covered as of Aug 31, 2022 0.01%
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 0.64% and for Oil Sands 4.95%.

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.

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BlackRock Europe Equity 1 Fund, Class J, as of Aug 31, 2022 rated against 1669 Europe Large-Cap Blend Equity Funds.

Risk Indicator

Risk Indicator

1
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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Aug 31, 2022
Name Weight (%)
NESTLE SA 3.87
ROCHE HOLDING PAR AG 2.66
ASML HOLDING NV 2.32
SHELL PLC 2.32
ASTRAZENECA PLC 2.24
Name Weight (%)
LVMH 2.11
NOVO NORDISK CLASS B 2.07
NOVARTIS AG 2.05
TOTALENERGIES 1.48
HSBC HOLDINGS PLC 1.45
Holdings subject to change

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
J GBP Annual 129.45 -3.75 -2.82 151.76 127.61 129.45 IE00BZCTK982 129.45 -
J EUR Accumulating 138.04 -2.25 -1.60 170.89 138.04 138.04 IE00BZCTK875 138.04 -
J USD Accumulating 118.20 -0.25 -0.21 169.85 118.20 118.20 IE00BZCTK768 118.20 -

Listings

Portfolio Managers

Portfolio Managers

Kieran Doyle
Kieran Doyle
EMEA Index Investment Institutional PE
EMEA Index Investment Institutional PE

Literature

Literature