Equity

BlackRock Global Listed Infrastructure Fund

Overview

This product is likely to be appropriate for a consumer:
• seeking capital growth
• using the product for a core component of their portfolio or less
• with a minimum investment timeframe of 5 years
• with a medium to high risk/return profile, and
• who is unlikely to need access to their capital for up to one week from a request
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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Ex-Date CPU
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  1y 3y 5y 10y Incept.
5.56 11.14 - - 9.73
Benchmark (%) 4.05 9.72 - - 8.50
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.20 1.11 2.19 2.80 5.56 37.28 - - 32.78
Benchmark (%) 1.85 1.66 2.45 2.25 4.05 32.07 - - 28.27
  2019 2020 2021 2022 2023
Total Return (%) - - - 1.14 4.29
Benchmark (%) - - - 1.00 1.60

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

Incept.: The date on which the first fund/share class unit creation was processed.

The performance quoted represents past performance and does not guarantee future results.

Key Facts

Key Facts

Net Assets of Fund as of 27-Mar-2024 AUD 62,020,730.030
Share Class Launch Date 11-Feb-2021
Fund Inception 16-Feb-2007
Share Class Currency AUD
Fund Base Currency AUD
Asset Class Equity
Shares Outstanding as of 27-Mar-2024 67,251
Management Fee 0.85
ISIN AU60BLK88337
Distribution Frequency Semi-Annual
Domicile Australia
APIR BLK8833AU
Size of Class (Millions) as of 27-Mar-2024 AUD 0.09

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 21-Mar-2024 AA
MSCI ESG % Coverage as of 21-Mar-2024 100.00
MSCI ESG Quality Score (0-10) as of 21-Mar-2024 7.72
MSCI ESG Quality Score - Peer Percentile as of 21-Mar-2024 85.28
Fund Lipper Global Classification as of 21-Mar-2024 Equity Theme - Infrastructure
Funds in Peer Group as of 21-Mar-2024 265
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Mar-2024 967.42
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Mar-2024 97.06
All data is from MSCI ESG Fund Ratings as of 21-Mar-2024, based on holdings as of 31-Aug-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 29-Feb-2024 0.00%
MSCI - UN Global Compact Violators as of 29-Feb-2024 0.00%
MSCI - Nuclear Weapons as of 29-Feb-2024 0.00%
MSCI - Thermal Coal as of 29-Feb-2024 0.00%
MSCI - Civilian Firearms as of 29-Feb-2024 0.00%
MSCI - Oil Sands as of 29-Feb-2024 0.00%
MSCI - Tobacco as of 29-Feb-2024 0.00%

Business Involvement Coverage as of 29-Feb-2024 99.50%
Percentage of Fund not covered as of 29-Feb-2024 0.50%
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 initial screening, sourcing and due diligence phases of the investment process. This may include the use of internal ESG due diligence templates to identify, analyze and document key ESG risks, and the use of thematic environmental, social and governance information sourced from both primary sources and third-party data providers, where available. Where appropriate, identified material ESG risks are included in Investment Committee materials and discussed at relevant Investment Committee meetings. This information may broadly inform investment decisions: ESG criteria are considered in combination with other information. The Fund manager also considers environmental, social and governance criteria during post-investment monitoring and conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include the analysis and discussion of portfolio exposure to material ESG risks, where appropriate.

Portfolio Managers

Portfolio Managers

Nikhil Uppal

 

Nikhil Uppal, CFA, Director, is the Head of Listed Infrastructure Strategies within the Global Real Asset Securities Group.

 

Balfe Morrison
Balfe Morrison

Literature

Literature