Equity

BlackRock European Equity Income Fund

Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. This Share Class may pay dividends or take charges from capital.While this may allow more income to be distributed, it may reduce the value of your holdings and impact the potential for long term capital growth. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

Overview

Loading

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

Distributions

Ex-Date Distribution
View full table
  1y 3y 5y 10y Incept.
-7.12 6.09 5.59 - 6.83
  YTD 6m 1y 3y 5y 10y Incept.
-11.11 -2.44 -7.12 19.42 31.24 - 77.86
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 03-Oct-2022 EUR 1,636.223 M
Base Currency Euro
Fund Inception 03-Dec-2010
Share Class Currency U.S. Dollar
Share Class Inception Date 11-Dec-2013
Additional Currencies Australian Dollar, British Pound, Canadian Dollar, Euro, Hong Kong Dollar, New Zealand Dollar, RMB, Singapore Dollar
Asset Class Equity
Morningstar Category Other Equity
Distribution Frequency Quarterly
ISIN LU1003076772
Bloomberg Ticker BGEA5GU
Management Fee (incl Distribution Fee, if any) 1.50%
Initial Charge 5.00%
SFDR Classification Article 8
SFC-authorised ESG fund No
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 31-Aug-2022 19.61
Average Market Cap (Millions) as of 31-Aug-2022 EUR 90,044.9 M
Modified Duration as of 31-Aug-2022 0.00 yrs
12M Trailing Distribution as of 30-Sep-2022 4.46%
3y Volatility as of 31-Aug-2022 17.87
5yr Volatility as of 31-Aug-2022 15.07

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-Sep-2022 AAA
MSCI ESG % Coverage as of 21-Sep-2022 99.08
MSCI ESG Quality Score (0-10) as of 21-Sep-2022 9.55
MSCI ESG Quality Score - Peer Percentile as of 21-Sep-2022 61.95
Fund Lipper Global Classification as of 21-Sep-2022 Equity Europe Income
Funds in Peer Group as of 21-Sep-2022 113
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Sep-2022 102.79
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Sep-2022 97.49
All data is from MSCI ESG Fund Ratings as of 21-Sep-2022, based on holdings as of 30-Apr-2022. 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-Aug-2022 0.00%
MSCI - UN Global Compact Violators as of 31-Aug-2022 0.00%
MSCI - Nuclear Weapons as of 31-Aug-2022 0.00%
MSCI - Thermal Coal as of 31-Aug-2022 0.00%
MSCI - Civilian Firearms as of 31-Aug-2022 0.00%
MSCI - Oil Sands as of 31-Aug-2022 0.00%
MSCI - Tobacco as of 31-Aug-2022 0.00%

Business Involvement Coverage as of 31-Aug-2022 99.63%
Percentage of Fund not covered as of 31-Aug-2022 0.11%
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 5.11%.

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

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 31-Aug-2022
Name Weight (%)
ZURICH INSURANCE GROUP AG 4.23
NESTLE SA 4.23
NOVO NORDISK A/S 4.18
EDP - ENERGIAS DE PORTUGAL SA 3.99
ROCHE HOLDING AG 3.91
Name Weight (%)
ASTRAZENECA PLC 3.87
SANOFI SA 3.27
TRYG A/S 3.05
LONZA GROUP AG 3.03
RELX PLC 3.03
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-Aug-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-Aug-2022

% of Weight

Type Fund
as of 31-Aug-2022

% of Weight

Type Fund
Allocations subject to change. Due to rounding, the total may not be equal to 100%.
as of 31-Aug-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
A5 HEDGED U.S. Dollar Quarterly 19.67 0.10 0.51 03-Oct-2022 24.79 19.37 LU1003076772
A8 Hedged Canadian Dollar Monthly 8.02 0.04 0.50 03-Oct-2022 10.15 7.93 LU1220229436
A5 Euro Quarterly 12.80 0.06 0.47 03-Oct-2022 16.44 12.61 LU0561744862
A8 Hedged Australian Dollar Monthly 9.86 0.05 0.51 03-Oct-2022 12.51 9.75 LU1019636163
A6 Hedged U.S. Dollar Monthly 11.08 0.05 0.45 03-Oct-2022 13.88 10.96 LU1019632923
A4 Euro Annually 13.51 0.07 0.52 03-Oct-2022 17.41 13.31 LU0619515397
A6 Hedged Hong Kong Dollar Monthly 170.58 0.86 0.51 03-Oct-2022 214.77 168.65 LU1051770623
D6 Hedged U.S. Dollar Monthly 9.43 0.04 0.43 03-Oct-2022 11.74 9.33 LU1200839964
D4 Euro Annually 12.80 0.06 0.47 03-Oct-2022 16.41 12.61 LU0875160912
D5 Hedged British Pound Quarterly 11.87 0.06 0.51 03-Oct-2022 15.03 11.69 LU0949170855
A6 Hedged British Pound Monthly 12.36 0.06 0.49 03-Oct-2022 15.63 12.22 LU1051771274
A2 Euro Non-Distributing 21.03 0.10 0.48 03-Oct-2022 26.00 20.72 LU0562822386
D6 Hedged Singapore Dollar Monthly 8.50 0.05 0.59 03-Oct-2022 10.63 8.40 LU2357541858
A2 U.S. Dollar - 20.57 0.11 0.54 03-Oct-2022 29.35 20.14 LU2091194634
A6 Euro Monthly 9.60 0.04 0.42 03-Oct-2022 12.26 9.50 LU1051768569
A8 Hedged New Zealand Dollar Monthly 8.01 0.04 0.50 03-Oct-2022 10.15 7.92 LU1220229196
D5 Euro Quarterly 12.76 0.06 0.47 03-Oct-2022 16.30 12.57 LU0871639463
D2 Hedged U.S. Dollar Non-Distributing 13.36 0.07 0.53 03-Oct-2022 16.13 13.16 LU1185942585
A8 Hedged U.S. Dollar Monthly 8.90 0.04 0.45 03-Oct-2022 11.20 8.81 LU2114397693
D4 British Pound Annually 11.14 -0.05 -0.45 03-Oct-2022 13.75 11.14 LU2091194550
A6 Hedged Singapore Dollar Monthly 10.71 0.06 0.56 03-Oct-2022 13.48 10.59 LU1019634622
A2 Hedged U.S. Dollar Non-Distributing 14.84 0.08 0.54 03-Oct-2022 18.01 14.61 LU1153584641
D2 U.S. Dollar Non-Distributing 22.30 0.13 0.59 03-Oct-2022 31.64 21.83 LU1984140779
A8 Hedged RMB Monthly 86.04 0.43 0.50 03-Oct-2022 109.37 85.31 LU1241525267
D2 Euro Non-Distributing 22.80 0.12 0.53 03-Oct-2022 28.03 22.46 LU0579997130

Portfolio Managers

Portfolio Managers

Andreas Zoellinger
Andreas Zoellinger
Brian Hall
Brian Hall

Documents

Documents