Equity

BlackRock Systematic Global Equity High 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 is subject to currency risk, emerging market risk, foreign investments restrictions risk, small-cap companies’ volatility and liquidity risks and currency conversion risk including Renminbi denominated Classes.
• 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.
35.81 9.66 10.37 - 8.93
  YTD 6m 1y 3y 5y 10y Incept.
9.39 24.19 35.81 31.87 63.76 - 71.59
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 12-May-2021 USD 2,041.840 M
Base Currency U.S. Dollar
Fund Inception 13-Oct-2006
Share Class Currency RMB
Share Class Inception Date 07-Jan-2015
Additional Currencies Australian Dollar, British Pound, Canadian Dollar, Euro, Hong Kong Dollar, New Zealand Dollar, Singapore Dollar, Swiss Franc, U.S. Dollar, ZAR
Asset Class Equity
Morningstar Category Other Equity
Distribution Frequency Monthly
ISIN LU1149717743
Bloomberg Ticker BGEEA8C
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-Apr-2021 19.13
Average Market Cap (Millions) as of 30-Apr-2021 USD 309,529.6 M
Modified Duration as of 30-Apr-2021 0.01 yrs
12M Trailing Distribution as of 30-Apr-2021 6.59%
3y Volatility as of 30-Apr-2021 15.58
5yr Volatility as of 30-Apr-2021 12.60
Since Class Inception – Volatility as of 30-Apr-2021 12.52
Since Class Inception - Beta as of 31-Dec-2018 0.96

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 07-May-2021 A
MSCI ESG Quality Score (0-10) as of 07-May-2021 7.09
MSCI ESG Quality Score - Peer Percentile as of 07-May-2021 46.14
MSCI ESG % Coverage as of 07-May-2021 99.92
Fund Lipper Global Classification as of 07-May-2021 Equity Global Income
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-May-2021 81.22
Funds in Peer Group as of 07-May-2021 453
All data is from MSCI ESG Fund Ratings as of 07-May-2021, based on holdings as of 30-Nov-2020. 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 covered 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 30-Apr-2021 0.00%
MSCI - UN Global Compact Violators as of 30-Apr-2021 0.04%
MSCI - Nuclear Weapons as of 30-Apr-2021 0.00%
MSCI - Thermal Coal as of 30-Apr-2021 0.00%
MSCI - Civilian Firearms as of 30-Apr-2021 0.00%
MSCI - Oil Sands as of 30-Apr-2021 0.00%
MSCI - Tobacco as of 30-Apr-2021 2.67%

Business Involvement Coverage as of 30-Apr-2021 92.07%
Percentage of Fund not covered as of 30-Apr-2021 7.93%
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 0.06% and for Oil Sands 0.10%.

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 the research and decision phases of the investment process. This may include relevant, internal ESG research which along with multiple other research insights, informs active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). 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 30-Apr-2021
Name Weight (%)
APPLE INC 4.77
ALPHABET INC 3.26
AMAZON.COM INC 2.81
NESTLE SA 2.41
ACCENTURE PLC 2.31
Name Weight (%)
SIKA AG 2.06
BANK OF CHINA LTD 2.06
HONEYWELL INTERNATIONAL INC 1.77
INTEL CORPORATION 1.75
3M CO 1.65
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-Apr-2021

% of Weight

Type Fund
Allocations subject to change.
as of 30-Apr-2021

% 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 30-Apr-2021

% of Weight

Type Fund
Sorry, market cap data is not available at this time.

Pricing

Pricing

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A8 Hedged RMB Monthly 96.46 -0.84 -0.86 12-May-2021 98.93 74.63 LU1149717743
A6 U.S. Dollar Monthly 9.38 -0.08 -0.85 12-May-2021 9.62 7.39 LU1116320737
A5 HEDGED Swiss Franc - 10.20 -0.09 -0.87 12-May-2021 10.46 10.00 LU2315843669
D5 Hedged Euro - 10.22 -0.09 -0.87 12-May-2021 10.48 10.00 LU2315843586
D2 Hedged Euro Non-Distributing 11.34 -0.10 -0.87 12-May-2021 11.64 8.30 LU0827880930
A6 Hedged British Pound Monthly 8.60 -0.07 -0.81 12-May-2021 8.82 6.82 LU1116319994
Class A2 G Hedged Swiss Franc - 10.20 -0.09 -0.87 12-May-2021 10.46 10.00 LU2315843826
D5 Hedged Swiss Franc - 10.21 -0.09 -0.87 12-May-2021 10.48 10.00 LU2315843743
D5 U.S. Dollar Quarterly 6.09 -0.05 -0.81 12-May-2021 6.24 4.72 LU0265552215
A8 Hedged Australian Dollar Monthly 9.03 -0.08 -0.88 12-May-2021 9.27 7.09 LU1116320141
C2 U.S. Dollar Non-Distributing 14.57 -0.13 -0.88 12-May-2021 14.95 10.82 LU0265551670
A2 U.S. Dollar Non-Distributing 17.49 -0.15 -0.85 12-May-2021 17.94 12.83 LU0265550359
A5 U.S. Dollar Quarterly 5.58 -0.05 -0.89 12-May-2021 5.72 4.36 LU0265550946
A2 Hedged Euro Non-Distributing 10.52 -0.09 -0.85 12-May-2021 10.79 7.80 LU0278718100
A5 HEDGED Euro Quarterly 3.93 -0.04 -1.01 12-May-2021 4.03 3.11 LU0278719090
C5 U.S. Dollar Quarterly 5.57 -0.05 -0.89 12-May-2021 5.72 4.36 LU0265551753
A6 Hedged Hong Kong Dollar Monthly 90.65 -0.81 -0.89 12-May-2021 93.00 71.47 LU1116320901
A8 Hedged Canadian Dollar Monthly 9.05 -0.08 -0.88 12-May-2021 9.29 7.15 LU1116320497
A8 Hedged New Zealand Dollar Monthly 9.09 -0.09 -0.98 12-May-2021 9.33 7.15 LU1116319648
D2 U.S. Dollar Non-Distributing 19.32 -0.17 -0.87 12-May-2021 19.82 14.05 LU0368268602
Class D2 G Hedged Swiss Franc - 10.21 -0.09 -0.87 12-May-2021 10.47 10.00 LU2315844048
A2 Hong Kong Dollar - 105.04 -0.93 -0.88 12-May-2021 107.75 98.16 LU2290526081
A8 Hedged ZAR Monthly 109.40 -0.94 -0.85 12-May-2021 112.16 99.26 LU2250418733
A2 Hedged Singapore Dollar Non-Distributing 14.07 -0.13 -0.92 12-May-2021 14.44 10.35 LU0326426086

Portfolio Managers

Portfolio Managers

Robert Fisher
Robert Fisher
Andrew Huzzey
Andrew Huzzey

Documents

Documents