Multi Asset

Tactical Opportunities Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

Equities and equity-related securities can be affected by daily stock market movements. Fixed Income securities can be affected by changes to interest rates, credit risk and potential or actual credit rating downgrades. Noninvestment grade FI securities can be more sensitive to these events. ABS and MBS may have high levels of borrowing and not fully reflect the value of underlying assets. FDIs are highly sensitive to changes in the value of the asset they are based on. The impact is greater where FDIs are used in an extensive or complex way. Due to its investment strategy an 'Absolute Return' fund may not move in line with market trends or fully benefit from a positive market environment.
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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of 31-Dec-20

- - - - 6.78
Benchmark (%)

as of 31-Dec-20

- - - - 0.67
  1y 3y 5y 10y Incept.
5.15 - - - 5.29
Benchmark (%)

as of 31-Jan-21

0.54 - - - 1.03
  YTD 1m 3m 1y 3y 5y 10y Incept.
-0.35 -0.35 2.83 5.15 - - - 8.11
Benchmark (%)

as of 31-Jan-21

0.01 0.01 0.03 0.54 - - - 1.57

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in AUD, 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

Size of Fund (Millions) as of 23-Feb-21 USD 298.279
Fund Launch Date 25-Jul-19
Inception Date 25-Jul-19
12m Trailing Yield -
Number of Holdings as of 29-Jan-21 984
Base Currency USD
Asset Class Multi Asset
Morningstar Category -
Benchmark Index ICE BofA 3 Month Treasury Bill Index (G0O1)
Valor -
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Ongoing Charges Figures 0.00%
ISIN IE00BK4PZY95
Bloomberg Ticker SHR_04AIFC
Annual Management Fee 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BK4PZY9
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment AUD 1000000
Minimum Subsequent Investment AUD 10000
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 29-Jan-21 0.00%
MSCI - UN Global Compact Violators as of 29-Jan-21 0.00%
MSCI - Nuclear Weapons as of 29-Jan-21 0.00%
MSCI - Thermal Coal as of 29-Jan-21 0.00%
MSCI - Civilian Firearms as of 29-Jan-21 0.00%
MSCI - Oil Sands as of 29-Jan-21 0.00%
MSCI - Tobacco as of 29-Jan-21 0.00%

Business Involvement Coverage as of 29-Jan-21 56.89%
Percentage of Fund not covered as of 29-Jan-21 43.11%
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 0.39% and for Oil Sands 1.03%.

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 underlying strategy due diligence phases of the investment process. This may include third party and internal considerations, as defined by the portfolio management team. Internal considerations include exposures to climate and disaster events, as well as sovereign social and governance concerns. The portfolio management team also analyzes ESG exposures and investment characteristics within underlying strategies. These criteria are part of a number of considerations that factor into investment decisions. The Fund manager includes ESG criteria in the ongoing monitoring of the overall portfolio, including underlying strategies as well as tactical positioning. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks.

Risk Indicator

Risk Indicator

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2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 29-Jan-21
Name Weight (%)
TREASURY NOTE 1.625 08/31/2022 9.98
TREASURY NOTE 1.5 09/15/2022 9.96
APPLE INC 2.76
MICROSOFT CORP 2.46
AMAZON COM INC 1.83
Name Weight (%)
FACEBOOK CLASS A INC 0.87
ALPHABET INC CLASS A 0.78
ALPHABET INC CLASS C 0.76
TESLA INC 0.68
BERKSHIRE HATHAWAY INC CLASS B 0.62
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jan-21

% of Market Value

Type Fund
as of 29-Jan-21

% of Market Value

Type Fund
as of 29-Jan-21

% of Market Value

Type Fund
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.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class X Hedged AUD - 107.90 0.47 0.43 108.87 93.49 107.90 IE00BK4PZY95 107.90 -
Class D Hedged EUR - 105.71 0.46 0.44 106.82 92.55 105.71 IE00BK4PZW71 105.71 -
Class X Hedged JPY - 10,289.37 45.78 0.45 10,381.78 9,905.64 10,289.37 IE00BK5C1858 10,289.37 -
Class X USD - 109.60 0.49 0.45 110.54 94.35 109.60 IE00BK4Q0145 109.60 -
Class A Hedged SGD - 106.77 0.47 0.45 107.90 93.19 106.77 IE00BK4PZS36 106.77 -
Class A USD - 107.01 0.47 0.44 108.14 93.46 107.01 IE00BK4PZR29 107.01 -
Class D Hedged GBP - 106.55 0.46 0.43 107.62 92.92 106.55 IE00BK4PZT43 106.55 -
Class D Hedged CHF - 105.26 0.47 0.45 106.40 92.36 105.26 IE00BK4PZX88 105.26 -
Class X Hedged EUR - 107.00 0.47 0.44 108.02 93.03 107.00 IE00BK4PZZ03 107.00 -
Class X Hedged GBP - 107.87 0.47 0.44 108.83 93.41 107.87 IE00BK4Q0038 107.87 -
Class D USD - 108.23 0.48 0.44 109.32 93.90 108.23 IE00BK4PZV64 108.23 -

Portfolio Managers

Portfolio Managers

Philip Green
Philip Green
Thomas Becker
Thomas Becker
Michael Pensky
Michael Pensky
Jeremy Ehrlich
Jeremy Ehrlich
Sam Young
Sam Young

Literature

Literature