Multi Asset

BlackRock Market Advantage Strategy 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

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 11.2 -3.6 9.1 10.7 -7.2 19.5 0.9 1.6 -20.9 10.8
Comparator Benchmark 1 (%) 0.2 0.0 -0.3 -0.4 -0.4 -0.4 -0.5 -0.6 0.3 3.4

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

  1y 3y 5y 10y Incept.
9.18 -3.76 -0.53 1.82 2.14
Comparator Benchmark 1 (%) 3.86 1.67 0.80 0.28 0.27
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.65 2.32 1.99 7.47 9.18 -10.86 -2.64 19.75 26.88
Comparator Benchmark 1 (%) 1.62 0.32 0.96 1.94 3.86 5.08 4.05 2.80 3.07
  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 31-Mar-2024

-9.22 14.70 -0.02 -13.24 9.59
Comparator Benchmark 1 (%)

as of 31-Mar-2024

- -0.51 -0.58 1.12 3.74

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 EUR.

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
as of 20-Jun-2024
EUR 61’217’625
Share Class launch date
25-Feb-2013
Share Class Currency
EUR
Asset Class
Multi Asset
SFDR Classification
Other
Ongoing Charges Figures
0.57%
Annual Management Fee
0.40%
Minimum Initial Investment
EUR 1’000’000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Flexible Allocation
Dealing Frequency
Daily, forward pricing basis
SEDOL
B884ZV5
Net Assets of Fund
as of 20-Jun-2024
EUR 182’784’723.51
Fund Launch Date
31-Jul-2007
Base Currency
EUR
Comparator Benchmark 1
3 Month EURIBOR Index
Initial Charge
0.00%
ISIN
IE00B884ZV52
Performance Fee
0.00%
Minimum Subsequent Investment
-
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGIEURE

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-May-2024
2’061
3y Beta
as of 31-May-2024
5.28
P/B Ratio
as of 31-May-2024
1.82
Modified Duration
as of 31-May-2024
8.90
Weighted Avg Maturity
as of 31-May-2024
4.31 yrs
Standard Deviation (3y)
as of 31-May-2024
12.53%
P/E Ratio
as of 31-May-2024
16.36
Yield to Maturity
as of 31-May-2024
3.62%
Effective Duration
as of 31-May-2024
8.81 yrs

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 19-May-2024
A
MSCI ESG Quality Score (0-10)
as of 19-May-2024
6.70
Fund Lipper Global Classification
as of 19-May-2024
Mixed Asset EUR Flex - Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 19-May-2024
114.32
MSCI ESG % Coverage
as of 19-May-2024
76.11
MSCI ESG Quality Score - Peer Percentile
as of 19-May-2024
32.78
Funds in Peer Group
as of 19-May-2024
1’562
MSCI Weighted Average Carbon Intensity % Coverage
as of 19-May-2024
49.95
All data is from MSCI ESG Fund Ratings as of 19-May-2024, based on holdings as of 31-Jan-2024. 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 31-May-2024
0.00%
MSCI - Nuclear Weapons
as of 31-May-2024
0.00%
MSCI - Civilian Firearms
as of 31-May-2024
0.00%
MSCI - Tobacco
as of 31-May-2024
0.00%
MSCI - UN Global Compact Violators
as of 31-May-2024
0.00%
MSCI - Thermal Coal
as of 31-May-2024
0.00%
MSCI - Oil Sands
as of 31-May-2024
0.00%

Business Involvement Coverage
as of 31-May-2024
45.70%
Percentage of Fund not covered
as of 31-May-2024
42.25%
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 0.01% 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 research, selection, monitoring and reporting phases of the investment process. This may include third-party and internal material considerations, as defined by the investment team, of ESG criteria. The Fund manager undergoes a rigorous research phase in the construction of internal ESG research signals, which highlight criteria such as environmental aspects, human capital or management quality. As part of this research, the Fund manager may conduct due diligence on ESG data providers. Once these signals have met the criteria necessary to be incorporated in the portfolio, they are considered, where applicable, as part of the investment decisions on an ongoing basis as part of a broader set of signals. The Fund manager additionally uses standardized ESG criteria (headline ESG ratings, carbon emissions intensity) during the reporting phase. These may be sourced internally or directly from third-party data providers and are featured in internal portfolio analytics. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. 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.

 

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 30-Apr-2024)

Portfolio Managers

Portfolio Managers

Philip Hodges
Philip Hodges
He Ren
He Ren

Holdings

Holdings

Sorry, top holdings are not available at this time.
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-May-2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
Sorry, geographic exposures are not available at this time.
Sorry, asset classes are not available at this time.
Allocations subject to change.
Sorry, maturities are not available at this time.
Sorry, ratings are not available at this time.
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 E EUR 12.96 -0.01 -0.05 20-Jun-2024 12.97 10.99 IE00B884ZV52
Class B GBP 10.90 0.00 0.00 12-Dec-2017 10.90 10.90 IE00B70CRS17
Class A GBP 12.55 -0.02 -0.16 13-May-2021 12.95 11.09 IE00B91QJN52
Class A GBP 15.41 -0.01 -0.03 20-Jun-2024 15.42 12.92 IE00B1XFCB30
Class E GBP 11.22 0.00 -0.03 20-Jun-2024 11.25 9.53 IE00B7WF0L28
Class B GBP 13.23 -0.07 -0.52 11-Oct-2022 17.58 13.15 IE00B1XFCG84
Class E GBP 11.09 0.00 -0.03 20-Jun-2024 11.10 9.33 IE00B91N1B80
Class B EUR 13.76 -0.19 -1.36 07-Mar-2022 15.23 13.76 IE00B1XFCH91

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment EUR 10’000
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
6’810 EUR
-31.9%
4’920 EUR
-13.2%

Unfavourable

What you might get back after costs
Average return each year
7’670 EUR
-23.3%
8’580 EUR
-3.0%

Moderate

What you might get back after costs
Average return each year
10’320 EUR
3.2%
11’550 EUR
2.9%

Favourable

What you might get back after costs
Average return each year
11’950 EUR
19.5%
13’590 EUR
6.3%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature