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Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
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Overview
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
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
To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.
Performance
Performance
Chart
Performance chart data not available for display.
Distributions
| Ex-Date | Total Distribution |
|---|
-
Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 1 years.
During this period performance was achieved under circumstances that no longer apply
*On , the Fund changed its name and/or investment objective and policy..
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Total Return (%) | -1,2 | ||||
| Constraint Benchmark 1 (%) | 4,1 | ||||
| Comparator Benchmark 2 (%) | 3,4 |
Missing calendar year returns data
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 6,51 | - | - | - | 6,01 |
| Constraint Benchmark 1 (%) | 2,43 | - | - | - | 6,55 |
| Comparator Benchmark 2 (%) | 1,82 | - | - | - | 5,87 |
Missing average annual returns data
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 3,40 | 0,19 | -0,93 | -1,79 | 6,51 | - | - | - | 13,65 |
| Constraint Benchmark 1 (%) | -1,38 | -0,68 | -2,99 | -6,03 | 2,43 | - | - | - | 14,92 |
| Comparator Benchmark 2 (%) | -1,93 | -0,75 | -3,14 | -6,31 | 1,82 | - | - | - | 13,31 |
Missing cumulative returns data
| From 30-Sept-2019 To 30-Sept-2020 |
From 30-Sept-2020 To 30-Sept-2021 |
From 30-Sept-2021 To 30-Sept-2022 |
From 30-Sept-2022 To 30-Sept-2023 |
From 30-Sept-2023 To 30-Sept-2024 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of 30.Sept.2024 |
- | - | - | 16,74 | 5,53 |
|
Constraint Benchmark 1 (%)
as of 30.Sept.2024 |
- | - | - | 17,78 | 7,65 |
|
Comparator Benchmark 2 (%)
as of 30.Sept.2024 |
- | - | - | 17,00 | 7,01 |
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 USD, 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 12.Dec.2024
USD 292 406 499
Fund Launch Date
15.Apr.2011
Fund Base Currency
USD
Constraint Benchmark 1
S&P Global Natural Resources Index
SFDR Classification
Other
Ongoing Charges Figures
0,99%
ISIN
LU2527845940
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BQ68J68
Share Class launch date
21.Sept.2022
Share Class Currency
USD
Asset Class
Equity
Comparator Benchmark 2
S&P Global Natural Resources Net Return (USD)
Initial Charge
0,00%
Management Fee
0,67%
Performance Fee
0,00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
S5USDZX
Portfolio Characteristics
Portfolio Characteristics
Number of Holdings
as of 29.Nov.2024
43
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 29.Nov.2024
15,05
12 Month Trailing Dividend Distribution Yield
as of 30.Nov.2024
2,93%
3y Beta
as of -
-
P/B Ratio
as of 29.Nov.2024
1,79
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.Nov.2024
A
MSCI ESG Quality Score (0-10)
as of 21.Nov.2024
6,56
Fund Lipper Global Classification
as of 21.Nov.2024
Equity Theme - Natural Resources
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21.Nov.2024
371,04
MSCI ESG % Coverage
as of 21.Nov.2024
99,86
MSCI ESG Quality Score - Peer Percentile
as of 21.Nov.2024
55,22
Funds in Peer Group
as of 21.Nov.2024
201
MSCI Weighted Average Carbon Intensity % Coverage
as of 21.Nov.2024
98,95
All data is from MSCI ESG Fund Ratings as of 21.Nov.2024, based on holdings as of 30.Jun.2024. 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 29.Nov.2024
0,00%
MSCI - Nuclear Weapons
as of 29.Nov.2024
0,00%
MSCI - Civilian Firearms
as of 29.Nov.2024
0,00%
MSCI - Tobacco
as of 29.Nov.2024
0,00%
MSCI - UN Global Compact Violators
as of 29.Nov.2024
3,00%
MSCI - Thermal Coal
as of 29.Nov.2024
6,99%
MSCI - Oil Sands
as of 29.Nov.2024
2,14%
Business Involvement Coverage
as of 29.Nov.2024
99,93%
Percentage of Fund not covered
as of 29.Nov.2024
0,26%
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 10,88% and for Oil Sands 26,90%.
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
BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.
Risk Indicator
Risk Indicator
1
2
3
4
5
6
7
Low Risk
High Risk
Typically low rewards
Typically high rewards
Ratings
Ratings
Holdings
Holdings
as of 29.Nov.2024
| Name | Weight (%) |
|---|---|
| SHELL PLC | 8,01 |
| EXXON MOBIL CORP | 7,36 |
| SMURFIT WESTROCK PLC | 4,31 |
| TOTALENERGIES SE | 4,22 |
| PACKAGING CORP OF AMERICA | 4,21 |
| Name | Weight (%) |
|---|---|
| GLENCORE PLC | 3,94 |
| ANGLO AMERICAN PLC | 3,89 |
| WHEATON PRECIOUS METALS CORP | 3,75 |
| NUTRIEN LTD | 3,69 |
| RIO TINTO PLC | 3,58 |
Holdings subject to change
Exposure Breakdowns
Exposure Breakdowns
Sorry, geographic exposures are not available at this time.
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
Pricing & Exchange
| Investor Class | Currency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
|---|---|---|---|---|---|---|---|---|
| Class S5G | USD | 10,50 | -0,01 | -0,10 | 12.Dec.2024 | 11,24 | 9,66 | LU2527845940 |
| Class A4G | USD | 8,55 | -0,01 | -0,12 | 12.Dec.2024 | 9,34 | 7,98 | LU0654597011 |
| Class S2 Hedged | GBP | 10,05 | -0,01 | -0,10 | 12.Dec.2024 | 10,66 | 9,06 | LU2605896872 |
| Class S2 | GBP | 8,76 | 0,00 | 0,00 | 12.Dec.2024 | 9,38 | 7,95 | LU2605897094 |
| Class D2 Hedged | EUR | 13,58 | -0,02 | -0,15 | 12.Dec.2024 | 14,50 | 12,41 | LU1864666323 |
| Class S5G | EUR | 9,98 | -0,03 | -0,30 | 12.Dec.2024 | 10,47 | 8,94 | LU2527846161 |
| Class D2 | EUR | 10,36 | -0,03 | -0,29 | 12.Dec.2024 | 10,76 | 9,08 | LU0612325679 |
| Class S2 | EUR | 10,61 | -0,03 | -0,28 | 12.Dec.2024 | 11,02 | 9,29 | LU2527846088 |
| Class A3G | USD | 13,79 | -0,02 | -0,14 | 12.Dec.2024 | 14,87 | 12,82 | LU1430597077 |
| Class S3G Hedged | GBP | 9,56 | -0,01 | -0,10 | 12.Dec.2024 | 10,27 | 8,84 | LU2605896955 |
| Class A2 | USD | 13,07 | -0,02 | -0,15 | 12.Dec.2024 | 13,89 | 11,85 | LU0612318385 |
| Class A5G | USD | 8,25 | -0,01 | -0,12 | 12.Dec.2024 | 8,88 | 7,64 | LU0612318971 |
| Class S2 | USD | 11,16 | -0,02 | -0,18 | 12.Dec.2024 | 11,84 | 10,05 | LU2527845866 |
| Class S3G | GBP | 9,47 | 0,00 | 0,00 | 12.Dec.2024 | 10,33 | 8,83 | LU2605897177 |
| Class A2 Hedged | EUR | 12,98 | -0,02 | -0,15 | 12.Dec.2024 | 13,91 | 11,93 | LU1864666240 |
| Class I4G | USD | 12,69 | -0,01 | -0,08 | 12.Dec.2024 | 13,78 | 11,74 | LU1808491572 |
| Class A5G | EUR | 7,84 | -0,03 | -0,38 | 12.Dec.2024 | 8,28 | 7,07 | LU1142331880 |
Portfolio Managers
Portfolio Managers
Tom Holl
Alastair Bishop
PRIIPs Performance Scenarios
PRIIPs Performance Scenarios
The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment USD 10 000
| Scenario |
If you exit after 1 year
|
If you exit after 5 years
|
|
|---|---|---|---|
|
Minimum
There is no minimum guaranteed return. You could lose some or all of your investment.
|
|||
|
Stress
What you might get back after costs
Average return each year
|
6 820 USD
-31,8%
|
2 110 USD
-26,7%
|
|
|
Unfavourable
What you might get back after costs
Average return each year
|
6 820 USD
-31,8%
|
7 700 USD
-5,1%
|
|
|
Moderate
What you might get back after costs
Average return each year
|
10 620 USD
6,2%
|
13 280 USD
5,8%
|
|
|
Favourable
What you might get back after costs
Average return each year
|
16 340 USD
63,4%
|
16 250 USD
10,2%
|
|
The stress scenario shows what you might get back in extreme market circumstances.
Testing missing data
Missing average annual returns data
Literature
Literature
Please access the document library in order to find the KID/KIID in local language.
Important Information
Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Fund Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise
For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. Please refer to the fund’s prospectus for more information. The screening applied by the fund's index provider may include revenue thresholds set by the index provider. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document.
Certain information contained herein (the “Information”) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (“MSCI”)), or third party suppliers (each an “Information Provider”), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may make distributions from capital as well as income or pursue certain investment strategies in order to generate income. Whilst this might allow more income to be distributed, it may also have the effect of reducing capital and the potential for long-term capital growth. Investors in this Fund should understand that capital growth is not a priority and values may fluctuate and the level of income may vary from time to time and is not guaranteed. The Fund utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The strategies utilized by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. The use of covered call options in the fund will usually provide some limited protection to investors when stockmarkets are falling, but may also result in a lower return in a rising market, when compared to the benchmark The fund invests in a limited number of market sectors. Compared to investments which spread investment risk through investing in a variety of sectors, share price movements may have a greater effect on the overall value of this fund. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. The fund can invest in mining shares which typically experience above average volatility when compared to other investments. Trends which occur within the general equity market may not be mirrored within mining securities. Optional - The Fund does not hold physical gold or other commodities.
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