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Financial Intermediaries
On this website, Financial Intermediaries are investors that qualify as both a Professional Client and a Qualified Investor.
In summary, a person who can both be classified as a professional client under the Markets in Financial Instruments Directive II (2014/65/EU, “MiFID”) and a qualified investor in accordance with the Prospectus Regulation (EU) 2017/1129) will generally need to meet one or more of the following requirements:
(1) An entity required to be authorised or regulated to operate in the financial markets. The following list includes all authorised entities carrying out the characteristic activities of the entities mentioned, whether authorised by an EEA State or a third country and whether or not authorised by reference to a directive:
(a) a credit institution;
(b) an investment firm;
(c) any other authorised or regulated financial institution;
(d) an insurance company;
(e) a collective investment scheme or the management company of such a scheme;
(f) a pension fund or the management company of a pension fund;
(g) a commodity or commodity derivatives dealer;
(h) a local;
(i) any other institutional investor;
(2) a large undertaking that meets two of the following tests: (i) a balance sheet total of EUR 20,000,000; (ii) an annual net turnover of EUR 40,000,000; (iii) own funds of EUR 2,000,000;
(3) a national or regional government, a public body that manages public debt, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECB, the EIB) or another similar international organization;
(4) a institutional investor whose main activity is to invest in financial instruments, including an entity dedicated to the securitisation of assets or other financing transactions;
(5) a natural person resident in an EEA State that permits the authorisation of natural persons as professional clients and qualified investors, who expressly asks to be treated as a professional client and a qualified investor and who meets at least two of the following criteria: (i) he/she has carried out transactions, in significant size, on securities markets at an average frequency of, at least, 10 per quarter over the previous four quarters before the application, (ii) the size of his/her financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500,000, (iii) he/she works or has worked for at least one year in the financial sector in a professional position which requires knowledge of securities investment.
Please note that the above summary is provided for information purposes only. If you are uncertain as to whether you can both be classified as a professional client under the Markets in Financial Instruments Directive and classed as a qualified investor under the Prospectus Regulation then you should seek independent advice.
Terms and conditions
Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.
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The offshore funds described in the following pages are administered and managed by companies within the BlackRock Group and can be marketed in certain jurisdictions only. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. Further information is available in the Prospectus or other constitutional document for each fund.
This does not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.
Specifically, the funds described are not available for distribution to or investment by US investors. The units/shares will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and, except in a transaction which does not violate the Securities Act or any other applicable US securities laws (including without limitation any applicable law of any of the States of the USA) may not be directly or indirectly offered or sold in the USA or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of a US Person.
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Risk Warnings
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.
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.
Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.
BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. The data displayed provides summary information. Investment should be made on the basis of the relevant Prospectus which is available from the manager.
For your protection, telephone calls and/or other electronic communications which result in, or are intended to result in, transactions will be recorded or saved.
Investors should read the offering documents for further details including the risk factors before making an investment.
For investors in Sweden:
The prospectus and KID are available at BNBV, Stockholm branch, Malmskillnadsgatan 38, 111 51 Stockholm, Sweden. Investors should read the KID before making an investment decision.
Please note that while some of the BlackRock funds are "ring-fenced", others form part of a single company and are not. For BlackRock funds that do not have segregated liability status, in the event of a single BlackRock fund being unable to meet liabilities attributable to that BlackRock fund out of the assets attributable to it, the excess may be met out of the assets attributable to the other BlackRock funds within the same company. We refer you to the prospectus or other relevant terms and conditions of each BlackRock fund for further information in this regard.
The views expressed herein do not necessarily reflect the views of BlackRock as a whole or any part thereof, nor do they constitute investment or any other advice.
Any research found on these pages has been procured and may have been acted on by BlackRock for its own purposes.
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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.
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 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 Funds. Investors in this fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general stock market trends as both positive and negative share movements affect the overall value of the fund. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund.
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.
This chart shows the fund's performance as the percentage loss or gain per year over the last 8 years.
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Total Return (%) | -0,6 | 5,2 | 1,1 | 2,7 | -2,4 | 9,2 | 5,0 | 8,3 | ||
Comparator Benchmark 1 (%) | 0,7 | 1,1 | 2,1 | 2,6 | 1,1 | 0,2 | 2,0 | 5,5 |
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 (%) | 16,49 | 9,93 | 6,14 | - | 4,62 |
Comparator Benchmark 1 (%) | 5,82 | 3,92 | 2,70 | - | 2,09 |
YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
---|---|---|---|---|---|---|---|---|---|
Total Return (%) | 11,95 | 0,32 | 3,22 | 5,34 | 16,49 | 32,86 | 34,71 | - | 52,48 |
Comparator Benchmark 1 (%) | 4,32 | 0,45 | 1,42 | 2,86 | 5,82 | 12,24 | 14,23 | - | 21,27 |
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 |
0,26 | 1,14 | 6,08 | 7,51 | 16,49 |
Comparator Benchmark 1 (%)
as of 30.Sept.2024 |
1,57 | 0,21 | 0,98 | 5,03 | 5,82 |
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
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.
This section provides sustainability-related information about the Fund, pursuant to Article 10 SFDR.
Name | Weight (%) |
---|---|
MICROSOFT CORPORATION | 2,23 |
BROWN & BROWN INC | 2,02 |
CINTAS CORPORATION | 1,99 |
HALLIBURTON COMPANY | 1,82 |
MASTERCARD INC | 1,75 |
Name | Weight (%) |
---|---|
KIMBERLY-CLARK CORPORATION | 1,66 |
EATON CORPORATION PLC | 1,49 |
CMS ENERGY CORPORATION | 1,48 |
OSHKOSH CORP | 1,47 |
LAM RESEARCH CORPORATION | 1,46 |
Investor Class | Currency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
---|---|---|---|---|---|---|---|---|
Class D2 | USD | 152,44 | -0,13 | -0,09 | 08.Oct.2024 | 153,73 | 131,03 | LU1238068321 |
Class D2 Hedged | EUR | 156,16 | -0,14 | -0,09 | 08.Oct.2024 | 157,54 | 136,50 | LU0725892383 |
Class A2 | EUR | 134,20 | -0,08 | -0,06 | 08.Oct.2024 | 134,56 | 118,64 | LU1991022069 |
Class A2 | USD | 174,56 | -0,15 | -0,09 | 08.Oct.2024 | 176,06 | 151,06 | LU0725887540 |
Class A2 Hedged | SEK | 153,46 | -0,14 | -0,09 | 08.Oct.2024 | 154,82 | 134,73 | LU0765562458 |
Class X2 Hedged | AUD | 122,87 | -0,12 | -0,10 | 08.Oct.2024 | 124,09 | 103,44 | LU2649166316 |
Class X2 | USD | 233,15 | -0,22 | -0,09 | 08.Oct.2024 | 235,47 | 194,10 | LU0849781678 |
Class D2 Hedged | CHF | 121,48 | -0,11 | -0,09 | 08.Oct.2024 | 122,61 | 108,89 | LU1238068594 |
Class A2 | GBP | 212,08 | -0,68 | -0,32 | 08.Oct.2024 | 217,88 | 194,46 | LU0784324112 |
Class I2 | USD | 146,09 | -0,12 | -0,08 | 08.Oct.2024 | 147,31 | 125,28 | LU1653088168 |
Class D2 Hedged | GBP | 144,41 | -0,13 | -0,09 | 08.Oct.2024 | 145,57 | 124,72 | LU1246651910 |
Class A2 | AUD | 262,08 | 1,75 | 0,67 | 08.Oct.2024 | 266,07 | 230,53 | LU0840974975 |
Class I2 Hedged | SEK | 121,47 | -0,11 | -0,09 | 08.Oct.2024 | 122,52 | 105,78 | LU1873114208 |
Class I2 Hedged | JPY | 11 704,73 | -11,11 | -0,09 | 08.Oct.2024 | 11 819,27 | 10 599,94 | LU1791183780 |
Class I2 Hedged | EUR | 129,01 | -0,11 | -0,09 | 08.Oct.2024 | 130,14 | 112,52 | LU1323999489 |
Class A2 Hedged | EUR | 149,05 | -0,13 | -0,09 | 08.Oct.2024 | 150,38 | 130,94 | LU0725892466 |
Travis Cooke, CFA, Managing Director, is Head of North American strategies within BlackRock’s Systematic investment team. In his current role, Mr. Cooke is responsible for US and Canadian long-only and long-short strategies for retail and institutional clients.
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
|
8 000 USD
-20,0%
|
7 160 USD
-6,5%
|
|
Unfavourable
What you might get back after costs
Average return each year
|
9 140 USD
-8,6%
|
9 920 USD
-0,2%
|
|
Moderate
What you might get back after costs
Average return each year
|
9 860 USD
-1,4%
|
10 820 USD
1,6%
|
|
Favourable
What you might get back after costs
Average return each year
|
11 290 USD
12,9%
|
12 800 USD
5,1%
|
The stress scenario shows what you might get back in extreme market circumstances.