Equity

ACS North America ESG Insights 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. 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 investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

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

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  2019 2020 2021 2022 2023
Total Return (%) 18.64
Target Benchmark 1 (%) 18.96

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

  1Y 3Y 5Y 10y Incept.
19.30 - - - 13.68
Target Benchmark 1 (%) 20.18 - - - 13.03
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
3.36 3.36 14.35 8.89 19.30 - - - 18.35
Target Benchmark 1 (%) 3.35 3.35 14.06 9.77 20.18 - - - 17.46
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of Dec 31, 2023

- - - - 18.64
Target Benchmark 1 (%)

as of Dec 31, 2023

- - - - 18.96
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 Mar 1, 2024 GBP 6,811,671,877
Share Class Inception Date Oct 7, 2022
Fund Inception Date Oct 7, 2022
Share Class Currency GBP
Base Currency GBP
Asset Class Equity
Target Benchmark 1 FTSE Custom North America Midday Index (standard tax)
SFDR Classification -
Investment Association Category -
Initial Charge 0.00%
Ongoing Charge 0.01%
ISIN GB00BM9KPP45
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment GBP 10000000
Minimum Subsequent Investment GBP 100
Use of Income Accumulating
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker ACSEIXA
SEDOL BM9KPP4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 31, 2024 272
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of Jan 31, 2024 24.45
P/B Ratio as of Jan 31, 2024 4.18

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 and implementations phase of the investment process. This includes third-party research across environmental, social and reputational risks and opportunities as well and governance considerations. These criteria feed into initial and ongoing investment decisions as well as reporting to clients. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group as well as with CIOs. These reviews include discussion of portfolio relative exposure, risk, and return to material environmental, social and governance risks as captured by datasets used in portfolio management.

Ratings

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jan 31, 2024
Name Weight (%)
MICROSOFT CORP 8.15
APPLE INC 6.08
NVIDIA CORP 3.74
AMAZON COM INC 2.52
JOHNSON & JOHNSON 2.01
Name Weight (%)
PEPSICO INC 1.95
ACCENTURE PLC CLASS A 1.90
META PLATFORMS INC CLASS A 1.87
ALPHABET INC CLASS C 1.83
ALPHABET INC CLASS A 1.73
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 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
Class X1 FP GBP - - - GB00BM9KPP45
Class X1 FA GBP - - - GB00BM9KP766
Class X1 GBP - - - GB00BM9KNS36
Class X1 FC GBP - - - GB00BM9KP980
Class X1 FB GBP - - - GB00BM9KP873
Class X1 FD GBP - - - GB00BM9KPB09
Class X1 FE GBP - - - GB00BM9KPC16

Portfolio Managers

Portfolio Managers

Kieran Doyle
Kieran Doyle

Literature

Literature