Equity

ACS Climate Transition World Equity 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

View full chart

  2019 2020 2021 2022 2023
Total Return (%) -9.56 15.34
Target Benchmark 1 (%) -7.83 16.81

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

  1Y 3Y 5Y 10y Incept.
18.30 - - - 7.72
Target Benchmark 1 (%) 21.60 - - - 8.72
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
8.12 1.07 2.44 13.29 18.30 - - - 22.96
Target Benchmark 1 (%) 9.66 2.74 3.14 14.24 21.60 - - - 26.17
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of Mar 31, 2024

- - - -4.97 22.33
Target Benchmark 1 (%)

as of Mar 31, 2024

- - - -0.99 22.45
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 GBP.

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 Jun 20, 2024
GBP 12,325,476,481
Fund Inception Date
Aug 7, 2020
Base Currency
GBP
Target Benchmark 1
MSCI World Index
Investment Association Category
-
Ongoing Charge
0.01%
Annual Management Fee
0.00%
Minimum Initial Investment
GBP 10000000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
Share Class Inception Date
Aug 19, 2021
Share Class Currency
GBP
Asset Class
Equity
SFDR Classification
Other
Initial Charge
0.00%
ISIN
GB00BN7DTW74
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 100
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
SEDOL
BN7DTW7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of May 31, 2024
445
3y Beta
as of -
-
P/B Ratio
as of May 31, 2024
3.31
Standard Deviation (3y)
as of -
-
P/E Ratio
as of May 31, 2024
22.31

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 environmental, social and/or governance considerations in the research, selection, monitoring and reporting phases of the investment process. This can include third-party data and material considerations, as defined by the investment team, of environmental, social or governance criteria. Where appropriate, the Fund manager undertakes rigorous research in the construction of internal research signals, which helps measure a company's exposure to, and management of, transition risks and opportunities associated with the low-carbon economy, internal and external stakeholder metrics, and board quality and composition. These signals consider key performance indicators, as determined by the investment team, within the relevant ESG themes. Once these indicators have met the criteria necessary to be incorporated into the signal, this information may be incorporated into investment decisions on an ongoing basis. The Fund manager may additionally examine environmental exposures such as carbon emissions intensity and clean technology revenue during the reporting phase. These are sourced from Aladdin or directly from third-party data providers.

Ratings

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of May 31, 2024
Name Weight (%)
MICROSOFT CORP 4.54
APPLE INC 4.44
NVIDIA CORP 4.40
AMAZON COM INC 2.65
META PLATFORMS INC CLASS A 1.66
Name Weight (%)
ALPHABET INC CLASS A 1.62
ALPHABET INC CLASS C 1.43
MASTERCARD INC CLASS A 1.41
ABB LTD 1.28
COCA-COLA 1.25
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 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 Distribution Frequency Bid Price Offer Price ISIN
X4 GBP - - - GB00BN7DTW74
Class X0 GBP - - - GB00BMDX1L77
Class X1 Acc GBP - - - GB00BMDWZJ05
X3 GBP - - - GB00BN7DTV67

Portfolio Managers

Portfolio Managers

Jonathan Adams
Jonathan Adams

Literature

Literature