Equity

BlackRock Global Impact 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. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way. Frontier markets are generally more sensitive to economic and political conditions than developed and emerging markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. There may be larger fluctuations to the value of your investment and increased risk of losing your capital.

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

View full chart

  2019 2020 2021 2022 2023
Total Return (%) -5.12 -28.61 8.72
Constraint Benchmark 1 (%) 18.54 -18.36 22.20

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

  1Y 3Y 5Y 10y Incept.
7.35 -9.79 - - 7.09
Constraint Benchmark 1 (%) 19.38 5.43 - - 16.96
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
4.35 3.49 1.66 4.35 7.35 -26.60 - - 33.81
Constraint Benchmark 1 (%) 11.30 2.23 2.87 11.30 19.38 17.20 - - 94.58
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of Jun 30, 2024

- 46.20 -32.91 1.92 7.35
Constraint Benchmark 1 (%)

as of Jun 30, 2024

- 39.26 -15.75 16.53 19.38
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 USD, hedged share class benchmark performance is displayed in USD.

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 of Fund
as of Jul 15, 2024
USD 105,381,286
Fund Inception Date
Mar 31, 2020
Base Currency
USD
Constraint Benchmark 1
MSCI All Country World Index (Net Total Return)
Initial Charge
0.00%
ISIN
IE00BL5H0X59
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1000
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
SEDOL
BL5H0X5
Share Class Inception Date
Mar 31, 2020
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Article 9
Ongoing Charge
1.70%
Annual Management Fee
0.00%
Minimum Initial Investment
USD 5000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Flex-Cap Equity
Dealing Frequency
Daily, forward pricing basis

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jun 28, 2024
99
3y Beta
as of Jun 30, 2024
0.946
P/B Ratio
as of Jun 28, 2024
3.03
Standard Deviation (3y)
as of Jun 30, 2024
17.86%
P/E Ratio
as of Jun 28, 2024
27.33

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 Jun 21, 2024
AA
MSCI ESG Quality Score (0-10)
as of Jun 21, 2024
7.37
Fund Lipper Global Classification
as of Jun 21, 2024
Equity Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Jun 21, 2024
80.31
MSCI ESG % Coverage
as of Jun 21, 2024
96.37
MSCI ESG Quality Score - Peer Percentile
as of Jun 21, 2024
74.27
Funds in Peer Group
as of Jun 21, 2024
5,620
MSCI Weighted Average Carbon Intensity % Coverage
as of Jun 21, 2024
93.42
All data is from MSCI ESG Fund Ratings as of Jun 21, 2024, based on holdings as of Feb 29, 2024. 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% (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.

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

Business Involvement Coverage
as of Jun 28, 2024
99.52%
Percentage of Fund not covered
as of Jun 28, 2024
0.68%
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 0.00% 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

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective May 31, 2024)

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 3.48
ELI LILLY AND COMPANY 3.29
ASML HOLDING NV 2.75
RECRUIT HOLDINGS CO LTD 2.45
PALO ALTO NETWORKS INC 2.39
Name Weight (%)
CROWDSTRIKE HOLDINGS INC 2.37
BOSTON SCIENTIFIC CORPORATION 2.36
RELX PLC 2.28
TRANE TECHNOLOGIES PLC 2.26
INTUIT INC. 2.26
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
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
A USD 137.37 0.20 0.14 Jul 15, 2024 137.37 107.95 IE00BL5H0X59
I EUR 129.28 0.20 0.15 Jul 15, 2024 129.28 102.31 IE00BLJP7H80
I JPY 12,327.70 30.61 0.25 Jul 15, 2024 12,327.70 9,083.50 IE00BLCHKM78
A EUR 137.78 0.10 0.07 Jul 15, 2024 137.78 111.31 IE00BL5H0Y66
X USD 147.23 0.23 0.16 Jul 15, 2024 147.23 114.33 IE00BL5H1109
D EUR 142.21 0.11 0.08 Jul 15, 2024 142.21 114.29 IE00BL5H1091
Class Z GBP 136.81 0.27 0.20 Jul 15, 2024 136.82 113.99 IE00BLGM4N70
X NZD 113.80 0.70 0.62 Jul 15, 2024 113.80 92.28 IE000Y8I4H54
I GBP 136.64 0.27 0.20 Jul 15, 2024 136.65 113.89 IE00BLJP7J05
A EUR 95.48 0.07 0.07 Jul 15, 2024 95.48 77.14 IE00BMYPBC33
Class X Acc AUD 90.50 0.33 0.36 Jul 15, 2024 90.50 74.72 IE0003ASDU71
X GBP 81.66 0.17 0.20 Jul 15, 2024 83.53 73.43 IE00BN4GXJ42
Class X Hedged NZD 104.07 0.17 0.16 Jul 15, 2024 104.07 81.14 IE000X2ZUN17
Class Z EUR 144.06 0.12 0.08 Jul 15, 2024 144.06 115.53 IE00BLGM4M63
D GBP 135.51 0.26 0.20 Jul 15, 2024 135.53 113.15 IE00BL5H1323
Class Z USD 143.29 0.22 0.15 Jul 15, 2024 143.29 111.78 IE00BL5H1216
I EUR 106.08 0.09 0.08 Jul 15, 2024 106.08 85.34 IE0000YFNFR3
I EUR 143.58 0.12 0.08 Jul 15, 2024 143.58 115.23 IE00BLJP7D43
Class Z GBP 76.98 1.12 1.47 Jun 28, 2023 87.89 75.55 IE00BL5B5098
D USD 141.36 0.21 0.15 Jul 15, 2024 141.36 110.50 IE00BL5H0Z73

Portfolio Managers

Portfolio Managers

Anna Hawley
Anna Hawley
Katharina Schwaiger, PhD
Managing Director, Factors, Sustainable and Solutions

Katharina Schwaiger, PhD, Managing Director, is a researcher within BlackRock’s Systematic investment team focused on multifactor and quant-based solutions. She is responsible for long-only equity factor strategies and a subject matter expert on sustainable investing.

Literature

Literature