Equity

BlackRock Global Dynamic Equity Fund

IMPORTANT:
• The Fund's investments in equities could incur significant losses due to higher fluctuation of equity values. The Fund may invest in assets denominated in various currencies. Changes in exchange rates and currency controls may affect the value of the Fund's assets.
• The Fund is subject to emerging market risk, foreign investments restrictions risk, smaller companies’ volatility and liquidity risks, contingent convertible bonds risk and currency conversion risk including Renminbi denominated Classes.
• 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

Performance chart data not available for display.
View Charts & Calendar Year Performance
  1y 3y 5y 10y Incept.
12.44 3.88 6.86 6.06 2.95
  YTD 6m 1y 3y 5y 10y Incept.
3.69 33.24 12.44 12.11 39.35 80.07 46.03
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.

Key Facts

Key Facts

Size of Fund (Millions) as of 26-Oct-2020 USD 349.595 M
Base Currency USD
Fund Inception 28-Feb-2006
Share Class Currency EUR
Share Class Inception Date 18-Sep-2007
Additional Currencies RMB, USD
Asset Class Equity
Morningstar Category Other Equity
Benchmark Index Composite (60% S&P 500 Index; 40% FTSE World (ex-US) Index)
Distribution Frequency Non-Distributing
ISIN LU0238690555
Bloomberg Ticker B3F0 GR
Management Fee (incl Distribution Fee, if any) 1.50%
Initial Charge 5.00%
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 30-Sep-2020 21.25
Average Market Cap (Millions) as of 30-Sep-2020 USD 323,127.9 M
Modified Duration as of 30-Oct-2015 2.57 yrs
12M Trailing Distribution as of - -
3y Volatility as of 30-Sep-2020 17.87
3y Volatility - Benchmark as of 30-Sep-2020 16.76
3y Beta as of 30-Sep-2020 1.048
5yr Volatility as of 30-Sep-2020 15.37
5y Volatility - Benchmark as of 30-Sep-2020 14.28
5y Beta as of 30-Sep-2020 1.051
Since Class Inception – Volatility as of 30-Sep-2020 15.80
Since Class Inception Volatility – Benchmark as of 30-Sep-2020 16.33
Since Class Inception - Beta as of 30-Sep-2020 0.93

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Sep-2020
Name Weight (%)
MICROSOFT CORP 3.08
AMAZON COM INC 3.08
APPLE INC 2.89
ALPHABET INC CLASS C 2.13
SIEMENS N AG 1.49
Name Weight (%)
UNITEDHEALTH GROUP INC 1.48
TAIWAN SEMICONDUCTOR MANUFACTURING 1.45
UNION PACIFIC CORP 1.43
JPMORGAN CHASE & CO 1.35
MASTERCARD INC CLASS A 1.34
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.
as of 30-Sep-2020
Name Weight (%)
2020 CASH MANDATORY EXCHANGEABLE T 144A 0.25
BECTON DICKINSON AND COMPANY 0.19
APTIV PLC 0.12
Name Weight (%)
BOSTON SCIENTIFIC CORPORATION 0.09
CHINA MILK PRODUCTS GROUP LTD 0 01/05/2012 0.00
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 30-Sep-2020

% of Weight

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the geography where the issuer of the securities carries out much of their business. “Others” excluded from the chart above.
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% 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.

 

% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds. On a market value basis the Fund is comprised of 89% equities, 2% fixed income, 9% cash equivalents. The Funds will not use borrowing to purchase additional investments but may be expected, via derivative positions, to obtain market exposure in excess of net asset value.

Pricing

Pricing

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 Hedged EUR Non-Distributing 15.15 -0.23 -1.50 26-Oct-2020 15.64 9.82 LU0238690555
C2 EUR Non-Distributing 17.03 -0.21 -1.22 26-Oct-2020 18.25 12.02 LU0331285097
A2 Hedged RMB Non-Distributing 151.19 -2.27 -1.48 26-Oct-2020 155.77 95.89 LU1254117549
D2 Hedged EUR Non-Distributing 16.10 -0.24 -1.47 26-Oct-2020 16.61 10.38 LU0326425609
C2 USD Non-Distributing 20.11 -0.30 -1.47 26-Oct-2020 20.75 12.98 LU0238688146
D4 EUR Annually 18.51 -0.23 -1.23 26-Oct-2020 19.62 12.95 LU0938162772
A4 EUR Annually 20.37 -0.26 -1.26 26-Oct-2020 21.65 14.28 LU0408221603
A2 USD Non-Distributing 24.13 -0.36 -1.47 26-Oct-2020 24.89 15.46 LU0238689110
A2 EUR Non-Distributing 20.43 -0.26 -1.26 26-Oct-2020 21.71 14.32 LU0238689623
C2 HEDGED EUR Non-Distributing 12.89 -0.19 -1.45 26-Oct-2020 13.31 8.41 LU0326425435
D2 USD Non-Distributing 26.49 -0.40 -1.49 26-Oct-2020 27.32 16.90 LU0368268198
D2 EUR Non-Distributing 22.43 -0.28 -1.23 26-Oct-2020 23.71 15.65 LU0827880856

Portfolio Managers

Portfolio Managers

David Clayton
David Clayton
Russ Koesterich
Russ Koesterich

Documents

Documents