Equity

BlackRock US Basic Value Fund

IMPORTANT:
•The Fund's investments in equities could incur significant losses due to higher fluctuation of equity values. The Fund's investments are concentrated in the US. This may result in greater volatility than more broad-based investments.
•The Fund is subject to currency risk and currency conversion risk including Renminbi denominated Classes.
Class 10 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. Paying dividends gross of expenses may result in more income being available for distribution; however these shares may effectively pay dividends from capital – may amount to a partial return or withdrawal of an investor’s original investment or capital gains. All declared dividends result in an immediate reduction in the NAV price of the share class on the ex-dividend date.
•The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
•The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
•Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.

Overview

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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

Performance

Performance

Chart

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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 16.17 -3.66 39.17 -1.84 -5.27 18.03 -2.19 20.97 5.61 5.40
Benchmark (%) 20.51 1.74 39.97 3.83 -2.57 21.66 -0.38 26.32 4.11 5.18

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

  1y 3y 5y 10y Incept.
19.03 9.45 8.64 8.52 6.58
Benchmark (%) 29.04 11.87 11.22 11.63 9.66
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
14.33 5.64 5.66 8.12 19.03 31.11 51.35 126.58 317.03
Benchmark (%) 23.13 7.61 10.30 14.25 29.04 40.00 70.21 200.46 690.08
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

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 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 11-Dec-2024
USD 842,565,345
Fund Inception
08-Jan-1997
Fund Base Currency
USD
Benchmark
Russell 1000 Value Index (GBP)
Initial Charge
5.00%
ISIN
LU0171296279
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
MLRBVVA
SFC-authorised ESG fund
No
Share Class Inception Date
29-Jun-2002
Share Class Currency
GBP
Asset Class
Equity
SFDR Classification
Other
Management Fee
1.50%
Management Fee (incl Distribution Fee, if any)
1.50%
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
US Large-Cap Value Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B43C8D9
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29-Nov-2024
93
3y Beta
as of 30-Nov-2024
0.791
P/B Ratio
as of 29-Nov-2024
1.94
Standard Deviation (3y)
as of 30-Nov-2024
10.46%
P/E Ratio
as of 29-Nov-2024
15.46

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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
0.45%
MSCI - Nuclear Weapons
as of 29-Nov-2024
2.04%
MSCI - Civilian Firearms
as of 29-Nov-2024
0.00%
MSCI - Tobacco
as of 29-Nov-2024
1.19%
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
0.41%

Business Involvement Coverage
as of 29-Nov-2024
99.31%
Percentage of Fund not covered
as of 29-Nov-2024
0.77%
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 2.53%.

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

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Ratings

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
WELLS FARGO 4.26
CITIGROUP INC 3.14
FIRST CITIZENS BANCSHARES INC CLAS 2.91
SS AND C TECHNOLOGIES HOLDINGS INC 2.61
CARDINAL HEALTH INC 2.60
Name Weight (%)
CVS HEALTH CORP 2.48
MICROSOFT CORP 2.25
MEDTRONIC PLC 2.05
COMCAST CORP CLASS A 1.94
BAXTER INTERNATIONAL INC 1.81
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
Holdings subject to change.

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
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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 GBP 104.94 -0.40 -0.38 11-Dec-2024 108.99 92.03 LU0171296279
C2 HEDGED EUR 63.23 -0.18 -0.28 11-Dec-2024 64.88 56.21 LU0200685583
A4 GBP 102.59 -0.39 -0.38 11-Dec-2024 106.55 90.36 LU0204064967
A10 USD 11.04 -0.03 -0.27 11-Dec-2024 11.42 10.30 LU2533723545
C2 USD 92.25 -0.25 -0.27 11-Dec-2024 94.56 80.58 LU0147417470
D2 Hedged EUR 84.46 -0.23 -0.27 11-Dec-2024 86.59 73.60 LU0329591993
A4 EUR 124.82 -0.10 -0.08 11-Dec-2024 127.80 105.41 LU0213336463
A2 EUR 127.50 -0.10 -0.08 11-Dec-2024 130.55 107.22 LU0171293920
D2 GBP 120.51 -0.46 -0.38 11-Dec-2024 125.11 104.89 LU0827886200
A2 Hedged SGD 24.07 -0.07 -0.29 11-Dec-2024 24.68 21.14 LU0602533316
A2 Hedged CNH 208.69 -0.74 -0.35 11-Dec-2024 214.18 185.24 LU1333800354
D2 EUR 146.42 -0.11 -0.08 11-Dec-2024 149.86 122.20 LU0827886119
D4 GBP 103.75 -0.39 -0.37 11-Dec-2024 107.72 91.31 LU0827886549
A2 USD 133.89 -0.36 -0.27 11-Dec-2024 137.17 115.51 LU0072461881
D4 USD 132.63 -0.36 -0.27 11-Dec-2024 135.83 114.84 LU0827886465
D2 USD 153.75 -0.42 -0.27 11-Dec-2024 157.46 131.66 LU0275209954
A4 USD 131.08 -0.35 -0.27 11-Dec-2024 134.29 113.57 LU0162691827
A2 Hedged EUR 77.14 -0.22 -0.28 11-Dec-2024 79.11 67.73 LU0200685153
Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

Tony DeSpirito
Managing Director

  

David Zhao
David Zhao

Documents

Documents