Equity

BlackRock Global Unconstrained Equity Fund (Aust)

Overview

Investment Objective

The Fund seeks achieve long-term capital growth by investing in a global portfolio of equity securities.
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 high to very high risk/return profile, and
• who is unlikely to need access to their capital for up to two weeks from a request
This product is for advised clients only.
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Performance

Performance

Growth of Hypothetical $10,000

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The chart reflects the performance of a hypothetical investment in the fund/share class of AUD10,000 over a specified period in time. The performance of the hypothetical investment is based on the actual past performance of the fund/share class over the specified period. Performance of the fund/share class is calculated on an exit-to-exit price basis, e.g. after fund management fees and expenses, and assume reinvestment of distributions. The performance quoted represents past performance and does not guarantee future results.

Where the performance quoted reflects performance over a period of less than one year. Performance returns over the short term may not be indicative of long-term performance. 




Historical Prices: Historical NAV data from inception not available.  If you would like additional historical NAV data please contact us.

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

Distributions

Ex-Date Payment Date CPU
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Ex-Date Payment Date CPU
Fund distributions
Distribution figures represent past distributions declared and paid for by the Fund. There is no guarantee that distributions will be declared in the future, or that if declared, the amount of any distribution will remain constant or increase over time.  Only investors holding Units in the Fund at the end of the distribution period are entitled to any distributions.

Investors may elect to reinvest distributions or have distributions paid by direct deposit into a nominated Australian bank account.  If no distribution election is made, it will be taken that you have requested that distributions be reinvested in the fund. Distributions are generally paid within 21 business of the end of the distribution period.

The annual tax statement for the Fund will be sent to investors as soon as practically possible following the Fund financial year end on 30 June. Please refer to the Tax Statement Guide for more taxation information in relation to this distribution payment as well as information to assist you to complete your Australian tax return.

  1y 3y 5y 10y Incept.
Total Return (%) 18.64 - - - 20.70
Benchmark (%) 30.10 - - - 27.94
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 15.50 4.59 3.58 5.28 18.64 - - - 24.67
Benchmark (%) 27.63 5.16 8.73 13.58 30.10 - - - 33.49
  2019 2020 2021 2022 2023
Total Return (%) - - - - -
Benchmark (%) - - - - -

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
as of 11-Dec-2024
AUD 170,159.28
Share Class Launch Date
28-Sept-2023
Share Class Currency
AUD
Asset Class
Equity
Management Fee
0.95
Distribution Frequency
Annual
APIR
BLK9425AU
Net Assets of Fund
as of 11-Dec-2024
AUD 235,622.140
Fund Inception
28-Sept-2023
Fund Base Currency
AUD
Shares Outstanding
as of 11-Dec-2024
129,393
ISIN
AU60BLK94251
Domicile
Australia

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-Nov-2024
AA
MSCI ESG Quality Score (0-10)
as of 21-Nov-2024
7.24
Fund Lipper Global Classification
as of 21-Nov-2024
Equity Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21-Nov-2024
9.57
MSCI ESG % Coverage
as of 21-Nov-2024
99.99
MSCI ESG Quality Score - Peer Percentile
as of 21-Nov-2024
63.90
Funds in Peer Group
as of 21-Nov-2024
5,451
MSCI Weighted Average Carbon Intensity % Coverage
as of 21-Nov-2024
99.39
All data is from MSCI ESG Fund Ratings as of 21-Nov-2024, based on holdings as of 31-Dec-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-Nov-2024
0.00%
MSCI - Nuclear Weapons
as of 29-Nov-2024
0.00%
MSCI - Civilian Firearms
as of 29-Nov-2024
0.00%
MSCI - Tobacco
as of 29-Nov-2024
0.00%
MSCI - UN Global Compact Violators
as of 29-Nov-2024
0.00%
MSCI - Thermal Coal
as of 29-Nov-2024
0.00%
MSCI - Oil Sands
as of 29-Nov-2024
0.00%
Business Involvement Coverage
as of 29-Nov-2024
99.79%
Percentage of Fund not covered
as of 29-Nov-2024
0.21%
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.

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
MICROSOFT CORPORATION 9.82
NOVO NORDISK A/S 8.12
ASML HOLDING NV 6.99
S&P GLOBAL INC 6.00
META PLATFORMS INC 5.60
Name Weight (%)
MASTERCARD INC 4.96
VISA INC 4.91
CADENCE DESIGN SYSTEMS INC 4.83
MASIMO CORPORATION 4.79
ALPHABET INC 4.65
Reference to the company names mentioned in this communication is merely for explaining the investment strategy, and should not be construed as investment advice or investment recommendation of those companies.

Exposure Breakdowns

Exposure Breakdowns

as of 29-Nov-2024

% of Weight

Type Fund Benchmark Net
as of 29-Nov-2024

% of Weight

Type Fund Benchmark Net
as of 29-Nov-2024

% of Weight

Type Fund Benchmark Net
Market Capitalisation ranges are defined by the Index Provider and may differ from the breakdowns shown above
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.

Portfolio Managers

Portfolio Managers

Alister Hibbert
Alister Hibbert

  

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Alister Hibbert, Managing Director, is Head of BlackRock's Strategic Equity Team within the Fundamental Equities division of BlackRock's Portfolio Management Group, and serves on BlackRock’s Global Operating Committee.

 

Mr. Hibbert is founder and co-portfolio manager of the BlackRock Strategic Equity Hedge Fund Strategy. Under his leadership, the Strategy has grown to be BlackRock’s flagship equity hedge fund, winning multiple awards including Eurohedge Fund of the Year. He is also founder and co-portfolio manager of the BlackRock Global Unconstrained Equity Strategy.

 

Prior to establishing the Strategic Equity Team in 2020, Mr. Hibbert was a senior member of BlackRock’s European Equity Team, helping build the dominant market-share-leading franchise in Europe, and personally managing over US$15bn in the European Dynamic Strategy. As portfolio manager of this Strategy, Mr. Hibbert was a platinum winner in the Portfolio Adviser Fund Awards on multiple occasions and won Lipper Europe awards for 10 consecutive years. He was admitted to the FE Alpha Manager Hall of Fame in 2019.

 

Mr. Hibbert joined BlackRock in 2008, having previously served as an investment director with Scottish Widows Investment Partnership from 2005 where he was responsible for continental European portfolios. Prior to this, Mr. Hibbert was a European equity portfolio manager with Oechsle International (2004-2005) and Invesco Perpetual (1996-2004). He began his career with accountants Ernst & Young in 1994.

 

Mr. Hibbert holds a Bachelor of Science degree in Economics from the University of Bristol, UK, where he frequently gives talks to current students interested in careers in financial services. He is the founder and chair of a children’s education foundation, assisting schools in unofficial settlements in Africa, and serves on the Development Committee of Caterham School, UK.

Michael Constantis
Michael Constantis

Literature

Literature