Equity

BlackRock Global Income Fund

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.

The value of your investment and the income from it will vary and your initial investment amount is not guaranteed.


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. Some or all of the Manager’s annual charge for the Fund is taken from capital rather than from income. This increases the income, but reduces the potential for capital growth. Investors should understand that capital growth is not a priority for the Fund and that income levels will vary and are not guaranteed. Compared to more established economies, the value of investments in Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability.

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

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Performance

Performance

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 9.5 7.8 26.1 8.9 -6.2 18.4 2.8 20.1 -3.1 9.3
Target Benchmark 1 (%) 10.6 3.3 28.7 13.2 -3.8 21.7 12.7 19.6 -8.1 15.3

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

  1y 3y 5y 10y Incept.
11.30 6.68 8.00 8.86 9.19
Target Benchmark 1 (%) 20.28 9.05 11.45 11.43 10.63
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.33 -0.49 1.02 8.89 11.30 21.41 46.95 133.81 215.32
Target Benchmark 1 (%) 9.01 2.34 3.11 13.46 20.28 29.69 71.96 195.08 274.13
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

-7.35 25.89 14.45 0.12 12.91
Target Benchmark 1 (%)

as of 31/Mar/2024

-6.74 38.94 12.42 -1.43 20.60

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 GBP.

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 21/Jun/2024
GBP 81,594,693
Fund Launch Date
06/May/2011
Fund Base Currency
GBP
Target Benchmark 1
MSCI All Country World Index
Initial Charge
0.00%
ISIN
GB00B3L7Q242
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 100.00
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLKGIDA
Ongoing Charges Figure ex. Discount
0.93%
Share Class launch date
06/May/2011
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
Global Equity Income
Ongoing Charges Figures
0.92%
Annual Management Fee
0.75%
Minimum Initial Investment
GBP 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Equity Income
Dealing Frequency
Daily, forward pricing basis
SEDOL
B3L7Q24
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
47
3y Beta
as of 31/May/2024
0.635
P/B Ratio
as of 31/May/2024
4.05
Standard Deviation (3y)
as of 31/May/2024
8.44%
P/E Ratio
as of 31/May/2024
23.07

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 includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. 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-related metrics, and other factors.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BlackRock Global Income Fund, Class D, as of 31/May/2024 rated against 1090 Global Equity Income Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 30/Apr/2024)

Holdings

Holdings

as of 31/May/2024
Name Weight (%)
MICROSOFT CORP 4.72
APPLE INC 3.27
TEXAS INSTRUMENT INC 3.25
TAIWAN SEMICONDUCTOR MANUFACTURING 3.12
NOVO NORDISK CLASS B 3.05
Name Weight (%)
NESTLE SA 3.04
ASTRAZENECA PLC 2.97
ABBVIE INC 2.91
UNITEDHEALTH GROUP INC 2.75
RELX PLC 2.51
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

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.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Bid Price Offer Price ISIN
Class D GBP 3.25 3.25 GB00B3L7Q242
Class A GBP 2.05 2.05 GB00B45NTV55
Class D GBP 2.25 2.26 GB00B3VXK756
Class A GBP 2.94 2.95 GB00B3R9X560

Portfolio Managers

Portfolio Managers

Olivia Treharne
Olivia Treharne
Molly Greenen
Molly Greenen

Literature

Literature