Overview
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
To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

Performance
Performance
Growth of Hypothetical 10,000
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Returns
Key Facts
Key Facts
Sustainability Characteristics
Sustainability Characteristics
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. MSCI Ratings are currently unavailable for this fund.
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
Pricing & Exchange
Pricing & Exchange
Investor Class | Currency | Distribution Frequency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN | TIS |
---|---|---|---|---|---|---|---|---|---|---|
I2 Hgd | CHF | Accumulating | 75.73 | 0.28 | 0.37 | Jan 30, 2023 | 79.30 | 69.51 | LU1640627243 | - |
X2 Hgd | AUD | Accumulating | 100.73 | -0.13 | -0.13 | Jan 27, 2023 | 104.81 | 91.67 | LU1352906454 | - |
A2 | USD | Accumulating | 90.59 | 0.33 | 0.37 | Jan 30, 2023 | 94.01 | 82.20 | LU1352905993 | - |
Class Z2 Hedged | EUR | Accumulating | 85.21 | 0.31 | 0.37 | Jan 30, 2023 | 88.83 | 77.92 | LU1363273480 | - |
I2 Hgd | GBP | Accumulating | 83.00 | 0.30 | 0.36 | Jan 30, 2023 | 86.05 | 74.74 | LU1532729727 | - |
E2 Hgd | EUR | Accumulating | 78.22 | 0.27 | 0.35 | Jan 30, 2023 | 81.82 | 72.23 | LU1373035234 | - |
X2 | USD | Accumulating | 100.92 | 0.39 | 0.39 | Jan 30, 2023 | 104.32 | 90.60 | LU1352906371 | - |
X2 Hgd | EUR | - | 81.38 | 0.30 | 0.37 | Jan 30, 2023 | 84.68 | 74.01 | LU1781817777 | - |
E2 | EUR | Accumulating | 89.61 | 0.10 | 0.11 | Jan 30, 2023 | 104.64 | 80.56 | LU1373035150 | - |
D2 | USD | Accumulating | 95.28 | 0.36 | 0.38 | Jan 30, 2023 | 98.71 | 86.05 | LU1373035408 | - |
A4 | USD | Annual | 92.05 | 0.34 | 0.37 | Jan 30, 2023 | 95.52 | 83.52 | LU1394251976 | - |
Class I2 BRL Hedged (USD) | USD | Accumulating | 68.47 | 0.15 | 0.22 | Jan 30, 2023 | 69.44 | 57.76 | LU1718790519 | - |
D2 | EUR | Accumulating | 96.87 | 0.12 | 0.12 | Jan 30, 2023 | 112.70 | 86.28 | LU1373035317 | - |
Class IPF2 Hedged | EUR | Accumulating | 85.67 | 0.31 | 0.36 | Jan 30, 2023 | 89.26 | 78.21 | LU1469409517 | - |
D2 Hgd | EUR | Accumulating | 84.21 | 0.31 | 0.37 | Jan 30, 2023 | 87.81 | 77.08 | LU1352906298 | - |
A4 Hgd | EUR | Annual | 81.83 | 0.29 | 0.36 | Jan 30, 2023 | 85.47 | 75.24 | LU1394254640 | - |
A2 Hgd | EUR | Accumulating | 72.41 | 0.25 | 0.35 | Jan 30, 2023 | 75.63 | 66.56 | LU1352906025 | - |
Class Z2 | USD | Accumulating | 96.19 | 0.36 | 0.38 | Jan 30, 2023 | 99.63 | 86.81 | LU1363273308 | - |
I2 Hgd | EUR | Accumulating | 85.35 | 0.31 | 0.36 | Jan 30, 2023 | 88.96 | 78.00 | LU1352906538 | - |
Class IPF2 Hedged | CHF | Accumulating | 77.75 | 0.29 | 0.37 | Jan 30, 2023 | 81.39 | 71.29 | LU1706559660 | - |
X2 Hgd | GBP | Accumulating | 98.71 | 0.37 | 0.38 | Jan 30, 2023 | 102.17 | 88.39 | LU1423753034 | - |
A2 Hgd | SEK | Accumulating | 75.23 | 0.27 | 0.36 | Jan 30, 2023 | 78.49 | 68.71 | LU1609299281 | - |
I2 Hgd | JPY | Accumulating | 8,653.10 | 31.16 | 0.36 | Jan 30, 2023 | 9,075.52 | 7,950.94 | LU1484781551 | - |
X2 Hgd | NZD | Accumulating | 104.15 | 0.42 | 0.40 | Jan 30, 2023 | 108.17 | 92.59 | LU1485749367 | - |
D2 Hgd | CHF | Accumulating | 74.79 | 0.27 | 0.36 | Jan 30, 2023 | 78.38 | 68.78 | LU1640627169 | - |
I2 | USD | Accumulating | 84.67 | 0.31 | 0.37 | Jan 30, 2023 | 87.67 | 76.36 | LU1640626609 | - |
Portfolio Managers
Portfolio Managers

Philip Hodges