Equity

BlackRock Global Dynamic Equity Fund

  • NAV as of 10-Jul-2026 USD 811.10
    52 WK: 42.04 - 52.23
  • 1 Day NAV Change as of 10-Jul-2026 USD 0.10 (0.19%)
  • Morningstar Rating

Overview

Investment Approach

The Global Dynamic Equity Fund seeks to maximise total return. The Fund invests globally, with no prescribed country or regional limits, at least 70% of its total assets in equity securities. The Fund will generally seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies. Currency exposure is flexibly managed.
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Performance

Performance

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  1y 3y 5y 10y Incept.
Total Return (%) USD 21.76 16.85 8.23 12.18 8.10
Total Return – Max. IC applied (%) USD 15.68 14.87 7.12 11.61 7.79
Benchmark 1 USD 23.67 19.79 12.09 13.64 9.94
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) USD 8.88 0.41 19.87 8.88 21.76 59.53 48.48 215.65 306.94
Total Return – Max. IC applied (%) USD 3.43 -4.61 13.88 3.43 15.68 51.55 41.05 199.87 286.59
Benchmark 1 USD 11.25 -0.80 14.93 11.25 23.67 71.91 76.90 259.09 452.12

Prior to 23rd February 2024, the fund used a different benchmark which is reflected in the benchmark data.

  2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Total Return (%) USD 6.28 19.90 -11.81 26.99 25.45 15.61 -19.12 17.91 16.37 19.99
Benchmark 1 USD 9.13 23.74 -8.17 27.91 15.08 21.72 -16.52 23.45 17.41 22.34
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

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

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

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

Key Facts

Key Facts

Net Assets of Fund
as of 10-Jul-2026
USD 493,718,205
Fund Inception
31-Jul-2006
Fund Base Currency
USD
Benchmark 1
MSCI All Country World Index (Net)
Initial Charge
5.00%
ISIN
LU0368268198
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BGGDUD2
MAS ESG Fund
No
Share Class Inception Date
20-Jun-2008
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Management Fee
0.75%
Management Fee (incl. Distribution Fee, if any)
0.75%
Minimum Initial Investment
USD 100000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Large-Cap Blend Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B39TX65

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30-Jun-2026
157
Equity Price/Earnings (FY1)
as of 30-Jun-2026
20.99
5Y Annualised Volatility
as of 30-Jun-2026
15.68
Effective Duration Fixed Income
as of 30-Jun-2026
0.00
3y Beta
as of 30-Jun-2026
1.091
Average Market Cap (Millions)
as of 30-Jun-2026
USD 1,227,263.77
Since Share Inception – Annualised Volatility
as of 30-Jun-2026
15.91
Effective Duration Fixed Income and Cash
as of 30-Jun-2026
0.00

Ratings

Ratings

Morningstar Rating

4 stars
As of 30-Jun-2026

Holdings

Holdings

as of 30-Jun-2026
Name Weight (%)
NVIDIA CORP 4.54
ALPHABET INC CLASS C 4.52
APPLE INC 4.46
MICRON TECHNOLOGY INC 2.66
TAIWAN SEMICONDUCTOR MANUFACTURING 2.46
Name Weight (%)
AMAZON.COM INC 2.45
ELI LILLY 2.11
MICROSOFT CORP 1.95
BROADCOM INC 1.89
DATABRICKS SERIES F PREF EQ Prvt 1.64
as of 30-Jun-2026
Name Weight (%)
ALPHABET INC 0.14

Exposure Breakdowns

Exposure Breakdowns

as of 30-Jun-2026

% of Weight

Type Fund Benchmark Net
as of 30-Jun-2026

% of Weight

Type Fund Benchmark Net
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 country where the issuer of the securities carries out much of their business.
as of 30-Jun-2026

% of Weight

Type Fund Benchmark Net
as of 30-Jun-2026

% of Weight

Type Fund
as of 30-Jun-2026

% of Weight

Type Fund Benchmark Net
as of 30-Jun-2026

% of Weight

Type Fund Benchmark Net
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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
D2 USD 811.10 0.10 0.19 10-Jul-2026 52.23 42.04 LU0368268198
A4 EUR 39.52 0.15 0.38 10-Jul-2026 39.79 31.82 LU0408221603
A2 USD 45.26 0.09 0.20 10-Jul-2026 45.60 36.95 LU0238689110
A2 Hedged CNH 261.77 0.49 0.19 10-Jul-2026 264.18 216.40 LU1254117549
D2 Hedged EUR 27.66 0.06 0.22 10-Jul-2026 27.89 22.75 LU0326425609
D2 EUR 45.41 0.18 0.40 10-Jul-2026 45.70 36.31 LU0827880856
D4 EUR 36.85 0.15 0.41 10-Jul-2026 37.09 29.47 LU0938162772
A2 Hedged EUR 24.95 0.05 0.20 10-Jul-2026 25.17 20.56 LU0238690555
A2 EUR 39.63 0.16 0.41 10-Jul-2026 39.90 31.92 LU0238689623

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Managing Director, CIO of Global Fixed Income

  

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Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business, and Head of the Global Allocation Investment Team. Mr. Rieder is responsible for roughly $2.4 trillion in assets. He is a member of BlackRock’s Executive Sub-Committee on Investments, a member of BlackRock's Global Operating Committee, and Chairman of the firm-wide BlackRock Investment Council.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar.

 

From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program.

 

Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, New Jersey, and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation, and Trustee for the US Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Russ Koesterich
Russ Koesterich
Randy Berkowitz
Randy Berkowitz
Sarah Thompson
Sarah Thompson

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.

Documents

Documents