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

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Distributions

Ex-Date Distribution
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Performance of this share class of the fund will be shown 6 months after inception.
Performance of this share class of the fund will be shown 6 months after inception.
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 30-Jul-2021 USD 2,968.546 M
Base Currency U.S. Dollar
Fund Inception 13-Oct-2006
Share Class Currency Swiss Franc
Share Class Inception Date 31-Mar-2021
Additional Currencies Australian Dollar, British Pound, Canadian Dollar, Euro, Hong Kong Dollar, New Zealand Dollar, RMB, Singapore Dollar, U.S. Dollar, ZAR
Asset Class Equity
Morningstar Category -
Distribution Frequency Quarterly
ISIN LU2315843669
Bloomberg Ticker MLGEHAG
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-Jun-2021 21.57
Average Market Cap (Millions) as of 30-Jun-2021 USD 286,381.2 M
Modified Duration as of 30-Jun-2021 0.01 yrs
12M Trailing Distribution as of 30-Jun-2021 1.52%
3y Volatility as of - -
5yr Volatility as of - -
Since Class Inception – Volatility as of 30-Jun-2021 4.65
Since Class Inception - Beta as of - -

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-Jul-2021 AA
MSCI ESG Quality Score (0-10) as of 07-Jul-2021 7.73
MSCI ESG Quality Score - Peer Percentile as of 07-Jul-2021 68.43
MSCI ESG % Coverage as of 07-Jul-2021 99.97
Fund Lipper Global Classification as of 07-Jul-2021 Equity Global Income
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Jul-2021 51.48
Funds in Peer Group as of 07-Jul-2021 453
All data is from MSCI ESG Fund Ratings as of 07-Jul-2021, based on holdings as of 31-Jan-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 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-Jun-2021 0.00%
MSCI - UN Global Compact Violators as of 30-Jun-2021 0.05%
MSCI - Nuclear Weapons as of 30-Jun-2021 0.00%
MSCI - Thermal Coal as of 30-Jun-2021 0.00%
MSCI - Civilian Firearms as of 30-Jun-2021 0.80%
MSCI - Oil Sands as of 30-Jun-2021 0.02%
MSCI - Tobacco as of 30-Jun-2021 2.30%

Business Involvement Coverage as of 30-Jun-2021 100.41%
Percentage of Fund not covered as of 30-Jun-2021 0.00%
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 0.09% and for Oil Sands 1.05%.

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-Jun-2021
Name Weight (%)
APPLE INC 3.72
AMAZON.COM INC 3.31
JOHNSON & JOHNSON 2.51
INTUIT INC. 2.22
SIKA AG 2.03
Name Weight (%)
ACCENTURE PLC 1.96
VISA INC 1.84
ALPHABET INC 1.72
PFIZER INC 1.57
3M CO 1.55
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-Jun-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-Jun-2021

% of Weight

Type Fund
as of 30-Jun-2021

% of Weight

Type Fund
Allocations subject to change.
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
A5 HEDGED Swiss Franc Quarterly 10.42 -0.04 -0.38 30-Jul-2021 10.52 10.00 LU2315843669
Class D2 G Hedged Swiss Franc Non-Distributing 10.61 -0.05 -0.47 30-Jul-2021 10.66 10.00 LU2315844048
A5 U.S. Dollar Quarterly 5.70 -0.03 -0.52 30-Jul-2021 5.76 4.72 LU0265550946
D5 Hedged Swiss Franc Quarterly 10.45 -0.05 -0.48 30-Jul-2021 10.54 10.00 LU2315843743
Class A2 G Hedged Swiss Franc Non-Distributing 10.58 -0.04 -0.38 30-Jul-2021 10.62 10.00 LU2315843826
A8 Hedged Canadian Dollar Monthly 9.27 -0.09 -0.96 30-Jul-2021 9.36 7.69 LU1116320497
D2 U.S. Dollar Non-Distributing 20.13 -0.09 -0.45 30-Jul-2021 20.22 15.74 LU0368268602
A6 Hedged Hong Kong Dollar Monthly 92.73 -0.91 -0.97 30-Jul-2021 93.64 77.04 LU1116320901
A2 Hedged Euro Non-Distributing 10.91 -0.05 -0.46 30-Jul-2021 10.96 8.66 LU0278718100
A6 U.S. Dollar Monthly 9.60 -0.09 -0.93 30-Jul-2021 9.69 7.97 LU1116320737
A8 Hedged New Zealand Dollar Monthly 9.31 -0.09 -0.96 30-Jul-2021 9.40 7.72 LU1116319648
A6 Hedged British Pound Monthly 8.79 -0.09 -1.01 30-Jul-2021 8.88 7.32 LU1116319994
D2 Hedged Euro Non-Distributing 11.80 -0.05 -0.42 30-Jul-2021 11.85 9.28 LU0827880930
C2 U.S. Dollar Non-Distributing 15.11 -0.07 -0.46 30-Jul-2021 15.18 12.04 LU0265551670
A5 HEDGED Euro Quarterly 4.01 -0.02 -0.50 30-Jul-2021 4.06 3.35 LU0278719090
A8 Hedged Australian Dollar Monthly 9.25 -0.09 -0.96 30-Jul-2021 9.34 7.66 LU1116320141
D5 Hedged Euro Quarterly 10.46 -0.05 -0.48 30-Jul-2021 10.55 10.00 LU2315843586
C5 U.S. Dollar Quarterly 5.70 -0.02 -0.35 30-Jul-2021 5.75 4.73 LU0265551753
A2 U.S. Dollar Non-Distributing 18.18 -0.09 -0.49 30-Jul-2021 18.27 14.33 LU0265550359
D5 U.S. Dollar Quarterly 6.24 -0.02 -0.32 30-Jul-2021 6.29 5.12 LU0265552215
A8 Hedged ZAR Monthly 112.34 -1.29 -1.14 30-Jul-2021 113.63 99.26 LU2250418733
A2 Hedged Singapore Dollar Non-Distributing 14.63 -0.07 -0.48 30-Jul-2021 14.70 11.55 LU0326426086
A2 Hedged Hong Kong Dollar Non-Distributing 109.19 -0.49 -0.45 30-Jul-2021 109.68 98.16 LU2290526081
A8 Hedged RMB Monthly 98.88 -1.06 -1.06 30-Jul-2021 99.94 81.22 LU1149717743

Portfolio Managers

Portfolio Managers

Robert Fisher
Robert Fisher
Andrew Huzzey
Andrew Huzzey

Documents

Documents