Real Estate

BlackRock World Real Estate Securities Fund

IMPORTANT:
• The Fund's investments in equities could incur significant losses due to higher fluctuation of equity values. The Fund's investments are concentrated in the real estate sector and the United States market. This may result in greater volatility than more diverse and broad-based investments. The Fund’s value and performance may be adversely affected since investing in real estate securities is not equivalent to investing directly in real estate, which may be more heavily dependent on the general performance of stock markets than the general performance of the real estate sector.
•The Fund is subject to currency risk, securities lending counterparty risk and currency conversion risk including Renminbi denominated Classes.
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.
-11.89 2.10 - - 3.59
  YTD 6m 1y 3y 5y 10y Incept.
-13.39 15.79 -11.89 6.42 - - 14.92
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 132.346 M
Base Currency USD
Fund Inception 25-Feb-2013
Share Class Currency RMB
Share Class Inception Date 19-Oct-2016
Additional Currencies CHF, USD
Asset Class Real Estate
Morningstar Category Property - Indirect Other
Benchmark Index FTSE EPRA Nareit Developed Index (Net) in USD
Distribution Frequency Monthly
ISIN LU1499592621
Bloomberg Ticker BGREA8C
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 17.90
Average Market Cap (Millions) as of 30-Sep-2020 USD 17,052.2 M
Yield to Maturity as of 28-Feb-2020 0.02
Modified Duration as of 30-Sep-2020 0.00 yrs
12M Trailing Distribution as of 30-Sep-2020 4.08%
Effective Duration as of 30-Sep-2020 0.00
3y Volatility as of 30-Sep-2020 17.24
3y Volatility - Benchmark as of 30-Sep-2020 18.06
3y Beta as of 30-Sep-2020 0.941
5yr Volatility as of - -
5y Volatility - Benchmark as of - -
5y Beta as of - -
Since Class Inception – Volatility as of 30-Sep-2020 15.27
Since Class Inception Volatility – Benchmark as of 30-Sep-2020 16.03
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 (%)
PROLOGIS REIT INC 6.36
VONOVIA SE 4.05
DIGITAL REALTY TRUST REIT INC 3.64
WELLTOWER INC 3.12
EQUITY RESIDENTIAL REIT 2.69
Name Weight (%)
EXTRA SPACE STORAGE REIT INC 2.53
SUN HUNG KAI PROPERTIES LTD 2.31
REXFORD INDUSTRIAL REALTY REIT INC 2.23
SUN COMMUNITIES REIT INC 2.15
MITSUI FUDOSAN LTD 2.15
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
A8 Hedged RMB Monthly 97.97 -1.98 -1.98 26-Oct-2020 124.21 72.74 LU1499592621
A6 USD Monthly 9.56 -0.19 -1.95 26-Oct-2020 12.14 7.15 LU1499592464
D2 USD Non-Distributing 11.22 -0.23 -2.01 26-Oct-2020 13.85 8.18 LU0842063264
A2 USD Non-Distributing 13.69 -0.27 -1.93 26-Oct-2020 16.98 10.02 LU0842063009
D2 Hedged CHF Non-Distributing 9.72 -0.19 -1.92 26-Oct-2020 12.23 7.16 LU1791183350

Portfolio Managers

Portfolio Managers

Mark Howard-Johnson
Mark Howard-Johnson
Alastair Gillespie
Alastair Gillespie
James Wilkinson
James Wilkinson

Documents

Documents