Equity

BlackRock Global Unconstrained 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. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investment. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.
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Performance

Performance

Growth of Hypothetical 10,000

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  2019 2020 2021 2022 2023
Total Return (%) -20.36 29.98
Comparator Benchmark 1 (%) -12.78 19.60

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

  1Y 3Y 5Y 10y Incept.
17.41 - - - 5.46
Comparator Benchmark 1 (%) 22.68 - - - -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
9.11 -0.82 -2.13 13.99 17.41 - - - 14.46
Comparator Benchmark 1 (%) 11.44 2.89 3.49 15.48 22.68 - - - -
  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

- - - 1.30 29.37
Comparator Benchmark 1 (%)

as of Mar 31, 2024

- - - -4.78 25.86
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 EUR, 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 Jun 14, 2024
USD 2,461,509,816
Fund Inception Date
Jan 21, 2020
Base Currency
USD
Comparator Benchmark 1
MSCI World Net TR Index in EUR
Initial Charge
0.00%
ISIN
IE000KMEY7B9
Performance Fee
20.00%
Minimum Subsequent Investment
EUR 1000
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
SEDOL
BMF0PF8
Share Class Inception Date
Nov 15, 2021
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Article 8
Ongoing Charge
0.35%
Annual Management Fee
0.00%
Minimum Initial Investment
EUR 5000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of May 31, 2024
20
P/E Ratio
as of May 31, 2024
44.34
Standard Deviation (3y)
as of -
-
P/B Ratio
as of May 31, 2024
9.78

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 May 19, 2024
AA
MSCI ESG Quality Score (0-10)
as of May 19, 2024
7.22
Fund Lipper Global Classification
as of May 19, 2024
Equity Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of May 19, 2024
15.48
MSCI ESG % Coverage
as of May 19, 2024
99.92
MSCI ESG Quality Score - Peer Percentile
as of May 19, 2024
65.39
Funds in Peer Group
as of May 19, 2024
5,574
MSCI Weighted Average Carbon Intensity % Coverage
as of May 19, 2024
98.96
All data is from MSCI ESG Fund Ratings as of May 19, 2024, based on holdings as of Dec 31, 2023. 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 May 31, 2024
0.00%
MSCI - Nuclear Weapons
as of May 31, 2024
0.00%
MSCI - Civilian Firearms
as of May 31, 2024
0.00%
MSCI - Tobacco
as of May 31, 2024
0.00%
MSCI - UN Global Compact Violators
as of May 31, 2024
0.00%
MSCI - Thermal Coal
as of May 31, 2024
0.00%
MSCI - Oil Sands
as of May 31, 2024
0.00%

Business Involvement Coverage
as of May 31, 2024
99.93%
Percentage of Fund not covered
as of May 31, 2024
0.03%
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 combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. 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

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 CORPORATION 9.44
NOVO NORDISK A/S 9.37
ASML HOLDING NV 9.27
CADENCE DESIGN SYSTEMS INC 6.23
ALPHABET INC 5.06
Name Weight (%)
THERMO FISHER SCIENTIFIC INC 4.84
MASTERCARD INC 4.80
FERRARI NV 4.74
S&P GLOBAL INC 4.69
META PLATFORMS INC 4.68
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2024

% of Market Value

Type Fund
as of May 31, 2024

% of Market Value

Type Fund
as of May 31, 2024

% of Market Value

Type Fund
as of May 31, 2024

% of Market Value

Type Fund
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
Class DP EUR 120.97 0.31 0.26 Jun 14, 2024 121.38 91.70 IE000KMEY7B9
D USD 183.41 -1.11 -0.60 Jun 14, 2024 187.27 138.14 IE00BK70NJ20
D USD 117.62 -0.71 -0.60 Jun 14, 2024 120.10 88.59 IE000YF287R2
X USD 191.21 -1.15 -0.60 Jun 14, 2024 194.81 143.17 IE00BK70NK35
Class Z Hedged EUR 163.41 -0.99 -0.60 Jun 14, 2024 167.55 124.37 IE00BM974S12
X AUD 124.84 -0.17 -0.13 Jun 14, 2024 127.96 97.27 IE000GLX99V4
D GBP 122.07 0.22 0.18 Jun 14, 2024 124.63 95.89 IE000XLJYHR7
Class DP GBP 121.77 0.29 0.24 Jun 14, 2024 122.91 95.96 IE000QPLSN26
Class DP USD 112.32 -0.68 -0.60 Jun 14, 2024 114.86 84.54 IE000740ORN9
D EUR 172.72 0.31 0.18 Jun 14, 2024 173.54 131.43 IE00BNG8N985
D GBP 128.03 0.23 0.18 Jun 14, 2024 130.72 100.58 IE000403NHH9
Class D Hedged EUR 134.59 -0.82 -0.60 Jun 14, 2024 138.07 102.58 IE00BNG8NB00
Class DP USD 113.12 -0.68 -0.60 Jun 14, 2024 115.34 84.88 IE000ERUGWD7
A EUR 178.99 0.32 0.18 Jun 14, 2024 180.16 136.85 IE00BLF9YH30
Class A Hedged SGD 110.72 -0.67 -0.60 Jun 14, 2024 113.78 97.44 IE000IXAMFU5
Class Z USD 188.75 -1.14 -0.60 Jun 14, 2024 192.64 141.98 IE00BMBL3R37
Class Z USD 185.14 -1.12 -0.60 Jun 14, 2024 188.96 139.27 IE00BK70NL42
Class Z EUR 230.93 0.41 0.18 Jun 14, 2024 231.92 175.50 IE00BKVDGR63
A USD 139.92 -0.85 -0.60 Jun 14, 2024 143.12 105.89 IE00BMDQ3Z40
Class Z GBP 221.46 0.41 0.18 Jun 14, 2024 226.01 173.75 IE00BKVDGS70
Class DP GBP 120.83 0.29 0.24 Jun 14, 2024 123.20 94.66 IE0009I2JKS0
D EUR 125.65 0.22 0.18 Jun 14, 2024 126.31 95.66 IE000CCF8EF0

Portfolio Managers

Portfolio Managers

Alister Hibbert
Alister Hibbert
Michael Constantis
Michael Constantis

Literature

Literature