Equity

BlackRock European Value 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's investments are concentrated in Europe. This may result in greater volatility than more broad-based investments.
• 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.
-7.06 10.34 2.96 - 6.16
  YTD 6m 1y 3y 5y 10y Incept.
-8.23 -3.12 -7.06 34.35 15.72 - 77.62
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 28-Jun-2022 EUR 856.372 M
Base Currency Euro
Fund Inception 08-Jan-1997
Share Class Currency U.S. Dollar
Share Class Inception Date 18-Oct-2012
Additional Currencies Australian Dollar, British Pound, Euro, Hong Kong Dollar, RMB
Asset Class Equity
Morningstar Category Europe Large-Cap Value Equity
Distribution Frequency Non-Distributing
ISIN LU0827879411
Bloomberg Ticker BGEVD2U
Management Fee (incl Distribution Fee, if any) 0.75%
Initial Charge 5.00%
SFDR Classification Other
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 31-May-2022 14.89
Average Market Cap (Millions) as of 31-May-2022 EUR 59,252.1 M
Modified Duration as of 31-May-2022 0.00 yrs
12M Trailing Distribution as of - -
3y Volatility as of 31-May-2022 22.61
5yr Volatility as of 31-May-2022 19.65
Since Class Inception – Volatility as of 31-May-2022 16.99
Since Class Inception - Beta as of 31-May-2022 0.93

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 06-May-2022 AAA
MSCI ESG % Coverage as of 06-May-2022 97.30
MSCI ESG Quality Score (0-10) as of 06-May-2022 8.91
MSCI ESG Quality Score - Peer Percentile as of 06-May-2022 42.40
Fund Lipper Global Classification as of 06-May-2022 Equity Europe
Funds in Peer Group as of 06-May-2022 1,099
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 06-May-2022 298.70
MSCI Weighted Average Carbon Intensity % Coverage as of 06-May-2022 95.46
All data is from MSCI ESG Fund Ratings as of 06-May-2022, based on holdings as of 30-Nov-2021. 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% 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

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-2022 0.00%
MSCI - UN Global Compact Violators as of 31-May-2022 0.00%
MSCI - Nuclear Weapons as of 31-May-2022 1.92%
MSCI - Thermal Coal as of 31-May-2022 0.00%
MSCI - Civilian Firearms as of 31-May-2022 0.00%
MSCI - Oil Sands as of 31-May-2022 0.00%
MSCI - Tobacco as of 31-May-2022 0.00%

Business Involvement Coverage as of 31-May-2022 98.73%
Percentage of Fund not covered as of 31-May-2022 1.34%
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 8.85%.

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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and decision phases of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

4 stars
As of 31-Jan-2020

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Effective 05-Jul-2019
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 31-May-2022
Name Weight (%)
TOTALENERGIES SE 5.10
ZURICH INSURANCE GROUP AG 3.93
SIEMENS AG 3.76
BP PLC 3.75
RWE AG 3.62
Name Weight (%)
BNP PARIBAS SA 3.59
ASTRAZENECA PLC 3.47
RIO TINTO PLC 3.38
COMPAGNIE DE SAINT GOBAIN SA 3.35
BANK OF IRELAND GROUP PLC 3.01
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 31-May-2022

% of Weight

Type Fund
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 31-May-2022

% of Weight

Type Fund
as of 31-May-2022

% of Weight

Type Fund
Allocations subject to change. Due to rounding, the total may not be equal to 100%.
as of 31-May-2022

% of Weight

Type Fund
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

Pricing

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
D2 U.S. Dollar Non-Distributing 90.86 0.88 0.98 28-Jun-2022 109.83 88.24 LU0827879411
A2 Hedged U.S. Dollar Non-Distributing 15.03 0.22 1.49 28-Jun-2022 16.62 14.25 LU1023061473
A2 Hedged Australian Dollar Non-Distributing 14.74 0.22 1.52 28-Jun-2022 16.40 14.05 LU1023061044
D2 Euro Non-Distributing 86.27 1.26 1.48 28-Jun-2022 96.18 82.16 LU0329592454
D2 British Pound Non-Distributing 74.35 1.09 1.49 28-Jun-2022 80.36 68.09 LU0827879338
A4 British Pound Annually 52.89 0.78 1.50 28-Jun-2022 57.36 48.55 LU0204062672
A2 Hedged Hong Kong Dollar Non-Distributing 144.87 2.10 1.47 28-Jun-2022 160.63 137.68 LU1023061713
D2 Hedged U.S. Dollar Non-Distributing 16.24 0.23 1.44 28-Jun-2022 17.90 15.37 LU1153585531
A2 British Pound Non-Distributing 66.64 0.98 1.49 28-Jun-2022 72.28 61.17 LU0171282212
A2 Hedged RMB Non-Distributing 152.90 2.26 1.50 28-Jun-2022 167.89 142.96 LU1333800198
A2 Euro Non-Distributing 77.32 1.13 1.48 28-Jun-2022 86.51 73.80 LU0072462186
D4 British Pound Annually 53.23 0.78 1.49 28-Jun-2022 57.54 48.75 LU0827879502
C2 U.S. Dollar Non-Distributing 58.20 0.56 0.97 28-Jun-2022 70.99 56.56 LU0213373748
A2 U.S. Dollar Non-Distributing 81.43 0.78 0.97 28-Jun-2022 98.77 79.10 LU0171281750
C2 Euro Non-Distributing 55.26 0.80 1.47 28-Jun-2022 62.20 52.95 LU0147394240
A4 Euro Annually 57.44 0.83 1.47 28-Jun-2022 64.27 54.83 LU0162690340

Portfolio Managers

Portfolio Managers

Brian Hall
Brian Hall
Peter Hopkins
Peter Hopkins

Documents

Documents