Equity

BlackRock European Equity Income Fund

IMPORTANT:
•  The Fund's investments in equities could incur significant losses due to higher fluctuation of equity values. The Fund's income-generating investment strategy may reduce the potential for capital growth and future income of the Fund. The Fund's investments are concentrated in Europe. This may result in greater volatility than more broad-based investments.
•  The Fund is subject to currency risk, 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.
•  Class 4(G) and Class 5(G) Shares pay dividends gross of expenses. Class 6 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. Class 8 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion and include interest rate differentials arising from share class currency hedging. Negative interest rate differentials may decrease the dividends paid. 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

Performance chart data not available for display.
View Charts & Calendar Year Performance

Distributions

Ex-Date Distribution
View full table
  1y 3y 5y 10y Incept.
-3.31 1.26 2.54 - 4.65
  YTD 6m 1y 3y 5y 10y Incept.
-7.84 17.82 -3.31 3.83 13.38 - 34.08
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.

Key Facts

Key Facts

Size of Fund (Millions) as of 22-Oct-2020 EUR 1,634.611 M
Base Currency EUR
Fund Inception 03-Dec-2010
Share Class Currency GBP
Share Class Inception Date 16-Apr-2014
Additional Currencies AUD, CAD, EUR, HKD, NZD, RMB, SGD, USD
Asset Class Equity
Morningstar Category Other Equity
Benchmark Index MSCI Europe Index
Distribution Frequency Monthly
ISIN LU1051771274
Bloomberg Ticker BGEA6GH
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 18.62
Average Market Cap (Millions) as of 30-Sep-2020 EUR 61,347.3 M
Modified Duration as of 30-Sep-2020 0.00 yrs
12M Trailing Distribution as of 30-Sep-2020 4.67%
3y Volatility as of 30-Sep-2020 15.01
3y Volatility - Benchmark as of 30-Sep-2020 14.58
3y Beta as of 30-Sep-2020 0.976
5yr Volatility as of 30-Sep-2020 13.78
5y Volatility - Benchmark as of 30-Sep-2020 13.42
5y Beta as of 30-Sep-2020 0.962
Since Class Inception – Volatility as of 30-Sep-2020 13.49
Since Class Inception Volatility – Benchmark as of 30-Sep-2020 13.43
Since Class Inception - Beta as of 30-Sep-2020 0.94

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Sep-2020
Name Weight (%)
IBERDROLA SA 4.15
TELE2 AB 4.08
NESTLE SA 4.01
SANOFI SA 3.97
ENEL SPA 3.86
Name Weight (%)
LONZA GROUP AG 3.84
EDP - ENERGIAS DE PORTUGAL SA 3.81
NOVO NORDISK A/S 3.61
BRITISH AMERICAN TOBACCO PLC 3.43
VOLVO AB 3.37
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
Allocations subject to change.
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.
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
A6 Hedged GBP Monthly 12.42 -0.07 -0.56 22-Oct-2020 15.12 9.53 LU1051771274
A5 EUR Quarterly 13.08 -0.08 -0.61 22-Oct-2020 15.73 10.07 LU0561744862
A5 HEDGED USD Quarterly 19.53 -0.12 -0.61 22-Oct-2020 23.36 14.94 LU1003076772
D2 Hedged USD Non-Distributing 12.09 -0.08 -0.66 22-Oct-2020 13.99 8.95 LU1185942585
A2 EUR Non-Distributing 19.87 -0.12 -0.60 22-Oct-2020 23.22 14.86 LU0562822386
D2 EUR Non-Distributing 21.22 -0.13 -0.61 22-Oct-2020 24.68 15.80 LU0579997130
D6 Hedged USD Monthly 9.20 -0.06 -0.65 22-Oct-2020 10.97 7.00 LU1200839964
A6 Hedged SGD Monthly 10.67 -0.06 -0.56 22-Oct-2020 12.92 8.19 LU1019634622
A4 EUR Annually 13.79 -0.08 -0.58 22-Oct-2020 16.62 10.63 LU0619515397
A8 Hedged AUD Monthly 10.02 -0.06 -0.60 22-Oct-2020 12.45 7.76 LU1019636163
A8 Hedged NZD Monthly 8.12 -0.05 -0.61 22-Oct-2020 10.06 6.31 LU1220229196
D4 EUR Annually 12.88 -0.07 -0.54 22-Oct-2020 15.44 9.89 LU0875160912
A8 Hedged RMB Monthly 86.52 -0.50 -0.57 22-Oct-2020 105.60 67.07 LU1241525267
A6 Hedged HKD Monthly 170.20 -1.03 -0.60 22-Oct-2020 203.94 129.97 LU1051770623
D2 USD Non-Distributing 25.09 -0.23 -0.91 22-Oct-2020 26.63 17.18 LU1984140779
A6 Hedged USD Monthly 10.98 -0.07 -0.63 22-Oct-2020 13.16 8.38 LU1019632923
D5 EUR Quarterly 12.85 -0.08 -0.62 22-Oct-2020 15.38 9.85 LU0871639463
D5 Hedged GBP Quarterly 11.81 -0.07 -0.59 22-Oct-2020 14.27 9.04 LU0949170855
A6 EUR Monthly 9.79 -0.06 -0.61 22-Oct-2020 11.81 7.53 LU1051768569
A8 Hedged USD Monthly 8.90 -0.06 -0.67 22-Oct-2020 10.00 6.82 LU2114397693
A8 Hedged CAD Monthly 8.18 -0.05 -0.61 22-Oct-2020 10.08 6.36 LU1220229436
A2 Hedged USD Non-Distributing 13.63 -0.08 -0.58 22-Oct-2020 15.84 10.13 LU1153584641
A2 USD - 23.49 -0.22 -0.93 22-Oct-2020 25.05 16.15 LU2091194634
D4 GBP - 11.62 -0.09 -0.77 22-Oct-2020 12.94 9.03 LU2091194550

Portfolio Managers

Portfolio Managers

Andreas Zoellinger
Andreas Zoellinger

Documents

Documents