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

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 full Chart

Distributions

Ex-Date Distribution
View full table

  2018 2019 2020 2021 2022
Total Return (%) -15.77

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
7.61 - - - 1.06
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
9.41 -1.46 4.77 7.34 7.61 - - - 2.58
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.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in GBP hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund as of 29-Sep-2023 USD 4,774,732,906
Share Class Inception Date 31-Mar-2021
Fund Inception 13-Oct-2006
Share Class Currency GBP
Fund Base Currency USD
Asset Class Equity
Benchmark -
SFDR Classification Other
Initial Charge 5.00%
ISIN LU2325744022
Management Fee (incl Distribution Fee, if any) 0.60%
Performance Fee 0.00%
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 1000
Distribution Frequency Quarterly
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category -
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGEHIDG
SEDOL BMYLHJ0
SFC-authorised ESG fund No
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-2023 319
12M Trailing Distribution as of 31-Aug-2023 6.61%
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of 31-Aug-2023 16.23
P/B Ratio as of 31-Aug-2023 2.66

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-2023 A
MSCI ESG % Coverage as of 21-Sep-2023 98.02
MSCI ESG Quality Score (0-10) as of 21-Sep-2023 6.91
MSCI ESG Quality Score - Peer Percentile as of 21-Sep-2023 13.84
Fund Lipper Global Classification as of 21-Sep-2023 Equity Global Income
Funds in Peer Group as of 21-Sep-2023 484
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Sep-2023 89.02
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Sep-2023 92.45
All data is from MSCI ESG Fund Ratings as of 21-Sep-2023, based on holdings as of 30-Apr-2023. 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% (or 50% for bond funds and money market funds) 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.

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-2023 0.00%
MSCI - UN Global Compact Violators as of 31-Aug-2023 0.21%
MSCI - Nuclear Weapons as of 31-Aug-2023 0.00%
MSCI - Thermal Coal as of 31-Aug-2023 0.14%
MSCI - Civilian Firearms as of 31-Aug-2023 0.00%
MSCI - Oil Sands as of 31-Aug-2023 0.00%
MSCI - Tobacco as of 31-Aug-2023 2.91%

Business Involvement Coverage as of 31-Aug-2023 100.22%
Percentage of Fund not covered as of 31-Aug-2023 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 0.83% and for Oil Sands 1.31%.

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 financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform 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, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate metrics, and other factors.

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 31-Aug-2023
Name Weight (%)
AMAZON.COM INC 4.05
APPLE INC 3.61
MICROSOFT CORPORATION 3.25
JOHNSON & JOHNSON 2.46
NVIDIA CORPORATION 2.44
Name Weight (%)
WALMART INC 2.40
VISA INC 2.26
BRISTOL-MYERS SQUIBB CO 2.18
META PLATFORMS INC 1.92
VERISIGN INC 1.92
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-2023

% of Weight

Type Fund Benchmark Net
as of 31-Aug-2023

% of Weight

Type Fund Benchmark Net
Sorry, markets/regions are not available at this time.
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.
Sorry, market cap data is not available at this time.

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
D5 Hedged GBP Quarterly 8.40 0.06 0.72 29-Sep-2023 8.95 7.71 LU2325744022
A6 Hedged SGD Monthly 7.93 -0.01 -0.13 29-Sep-2023 8.50 7.46 LU2381873111
D6 Hedged SGD Monthly 8.09 -0.01 -0.12 29-Sep-2023 8.66 7.53 LU2381873202
D6 USD Monthly 9.88 0.00 0.00 29-Sep-2023 10.52 8.98 LU2490080954
A2 Hedged SGD Non-Distributing 13.60 0.09 0.67 29-Sep-2023 14.27 11.75 LU0326426086
A6 Hedged CHF Monthly 9.72 0.00 0.00 29-Sep-2023 10.10 9.72 LU2655522931
A6 USD Monthly 7.70 -0.01 -0.13 29-Sep-2023 8.23 7.13 LU1116320737
A8 Hedged AUD Monthly 7.28 0.01 0.14 29-Sep-2023 7.77 6.77 LU1116320141
A8 Hedged CAD Monthly 7.33 0.00 0.00 29-Sep-2023 7.84 6.83 LU1116320497
A8 Hedged NZD Monthly 7.37 0.00 0.00 29-Sep-2023 7.86 6.82 LU1116319648
A2 Hedged EUR Non-Distributing 9.81 0.07 0.72 29-Sep-2023 10.29 8.59 LU0278718100
A6 Hedged GBP Monthly 6.81 0.00 0.00 29-Sep-2023 7.28 6.41 LU1116319994
A6 Hedged HKD Monthly 72.89 -0.02 -0.03 29-Sep-2023 77.95 68.32 LU1116320901
A5 USD Quarterly 4.63 0.03 0.65 29-Sep-2023 4.94 4.22 LU0265550946
D5 Hedged EUR Quarterly 8.18 0.06 0.74 29-Sep-2023 8.75 7.61 LU2315843586
D5 USD Quarterly 5.16 0.03 0.58 29-Sep-2023 5.49 4.66 LU0265552215
D5 Hedged CHF Quarterly 8.06 0.06 0.75 29-Sep-2023 8.68 7.61 LU2315843743
A5 HEDGED CHF Quarterly 7.87 0.05 0.64 29-Sep-2023 8.53 7.50 LU2315843669
D2 Hedged CHF Non-Distributing 9.60 0.07 0.73 29-Sep-2023 10.09 8.46 LU2315844048
A8 Hedged ZAR Monthly 90.61 -0.14 -0.15 29-Sep-2023 96.74 83.58 LU2250418733
A8 Hedged CNH Monthly 76.87 0.12 0.16 29-Sep-2023 82.18 73.02 LU1149717743
A2 Hedged HKD Non-Distributing 101.96 0.72 0.71 29-Sep-2023 106.76 87.78 LU2290526081
A6 Hedged EUR Monthly 9.57 0.00 0.00 29-Sep-2023 10.03 9.57 LU2641782821
C5 USD Quarterly 4.63 0.03 0.65 29-Sep-2023 4.93 4.22 LU0265551753
D2 USD Non-Distributing 19.53 0.13 0.67 29-Sep-2023 20.40 16.48 LU0368268602
A6 Hedged JPY Monthly 971.00 0.00 0.00 29-Sep-2023 1,010.00 971.00 LU2655522857
A4 USD Annually 8.80 0.06 0.69 29-Sep-2023 9.90 8.06 LU2448342308
D2 Hedged EUR Non-Distributing 10.81 0.07 0.65 29-Sep-2023 11.33 9.39 LU0827880930
D4 Hedged CHF Annually 8.36 0.06 0.72 29-Sep-2023 9.47 7.94 LU2448342647
A2 Hedged CHF Non-Distributing 9.38 0.06 0.64 29-Sep-2023 9.88 8.34 LU2315843826
A5 HEDGED EUR Quarterly 3.07 0.02 0.66 29-Sep-2023 3.30 2.89 LU0278719090
A2 USD Non-Distributing 17.31 0.12 0.70 29-Sep-2023 18.10 14.73 LU0265550359
A4 HEDGED CHF Annually 8.25 0.06 0.73 29-Sep-2023 9.36 7.90 LU2448342480
D4 USD Annually 8.93 0.07 0.79 29-Sep-2023 10.02 8.10 LU2448342563
C2 USD Non-Distributing 14.00 0.10 0.72 29-Sep-2023 14.67 12.06 LU0265551670
Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

Robert Fisher
Robert Fisher
Andrew Huzzey
Andrew Huzzey
Muzo Kayacan
Muzo Kayacan

Documents

Documents