Equity

BlackRock Developed Markets Sustainable Equity Fund (UK)

  • Bid price as of 26/Sep/2023 GBP 1.94
  • Offer price as of 26/Sep/2023 GBP 1.94

Overview

Investment Approach

The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) over the medium to long term (3 to 5 or more consecutive years beginning at the point of investment) in a manner consistent with the principles of sustainable investing. The Fund invests globally at least 70% of its total assets in the equity securities (i.e. shares) of companies domiciled in, or whose main business is in, global developed markets. The Fund may also invest in emerging market companies. The Investment Manager (IM) seeks to invest in a portfolio of companies that it considers sustainable, which are identified for this purpose as being companies with strong environmental, social and governance (ESG) credentials, companies developing stronger ESG credentials and/or companies that produce, or otherwise enable, products and services that the Investment Manager considers are sustainability-focused. The ESG credentials looked for include (but are not limited to): companies with low absolute and relative resource intensity, improving resource efficiency, helping others to reduce their use of resources, commitment to high health and safety standards, commitment to human capital management, fostering sustainable relationships with suppliers and customers, strong risk mitigation, capital allocation and remuneration supportive of long-term strategy and/or thoughtful board composition as it relates to diversity and the focus of its members.

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.

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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Distributions

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution

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

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 22.7 5.8 4.5 25.0 9.7 -6.0 18.4 2.6 18.0 -14.3
Constraint Benchmark 1 (%) 20.5 10.6 3.3 28.7 13.2 -3.8 21.7 12.7 20.8 -7.8

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 (%) 0.87 4.48 3.86 6.89 7.88
Constraint Benchmark 1 (%) 6.16 10.09 8.52 11.01 11.62
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 6.07 0.07 1.30 1.89 0.87 14.07 20.87 94.78 128.50
Constraint Benchmark 1 (%) 10.23 -0.89 4.65 6.16 6.16 33.42 50.50 184.17 231.18
  From
30-Jun-2018
To
30-Jun-2019		 From
30-Jun-2019
To
30-Jun-2020		 From
30-Jun-2020
To
30-Jun-2021		 From
30-Jun-2021
To
30-Jun-2022		 From
30-Jun-2022
To
30-Jun-2023
Total Return (%)

as of 30/Jun/2023

12.02 -0.29 18.74 -10.47 6.04
Constraint Benchmark 1 (%)

as of 30/Jun/2023

9.69 5.18 24.56 -3.62 13.21

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 25/Sep/2023 GBP 126,576,548
Share Class launch date 10/Oct/2012
Fund Launch Date 31/Jan/2000
Share Class Currency GBP
Fund Base Currency GBP
Asset Class Equity
Constraint Benchmark 1 MSCI World Index
SFDR Classification Other
Investment Association Category Global
Initial Charge 0.00%
Ongoing Charges Figures 0.91%
ISIN GB00B8DDP952
Annual Management Fee 0.75%
Performance Fee 0.00%
Minimum Initial Investment GBP 100,000.00
Minimum Subsequent Investment GBP 50.00
Distribution Frequency Daily
Use of Income Distributing
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
Morningstar Category Global Large-Cap Growth Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BRGEQDI
SEDOL B8DDP95

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31/Aug/2023 31
12m Trailing Yield as of 31/Aug/2023 0.25
Standard Deviation (3y) as of 31/Aug/2023 13.29%
3y Beta as of 31/Aug/2023 0.963
P/E Ratio as of 31/Aug/2023 30.88
P/B Ratio as of 31/Aug/2023 4.34

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/Sep/2023 AA
MSCI ESG % Coverage as of 21/Sep/2023 99.36
MSCI ESG Quality Score (0-10) as of 21/Sep/2023 7.76
MSCI ESG Quality Score - Peer Percentile as of 21/Sep/2023 90.89
Fund Lipper Global Classification as of 21/Sep/2023 Equity Global
Funds in Peer Group as of 21/Sep/2023 5,421
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21/Sep/2023 65.01
MSCI Weighted Average Carbon Intensity % Coverage as of 21/Sep/2023 97.50
All data is from MSCI ESG Fund Ratings as of 21/Sep/2023, based on holdings as of 30/Apr/2023. 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 31/Aug/2023 0.00%
MSCI - UN Global Compact Violators as of 31/Aug/2023 0.00%
MSCI - Nuclear Weapons as of 31/Aug/2023 0.00%
MSCI - Thermal Coal as of 31/Aug/2023 0.00%
MSCI - Civilian Firearms as of 31/Aug/2023 0.00%
MSCI - Oil Sands as of 31/Aug/2023 0.00%
MSCI - Tobacco as of 31/Aug/2023 0.00%
Business Involvement Coverage as of 31/Aug/2023 99.72%
Percentage of Fund not covered as of 31/Aug/2023 0.28%
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 0.00% and for Oil Sands 0.00%.

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 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

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Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31/Jul/2023)

Holdings

Holdings

as of 31/Aug/2023
Name Weight (%)
MICROSOFT CORP 8.19
ALPHABET INC CLASS A 5.07
MASTERCARD INC CLASS A 4.81
NESTLE SA 3.91
ASML HOLDING NV 3.57
Name Weight (%)
RELX PLC 3.53
COLGATE-PALMOLIVE 3.52
THERMO FISHER SCIENTIFIC INC 3.41
OTIS WORLDWIDE CORP 3.38
INTERCONTINENTAL EXCHANGE INC 3.35
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Aug/2023

% of Market Value

Type Fund Benchmark Net
as of 31/Aug/2023

% of Market Value

Type Fund Benchmark Net
as of 31/Aug/2023

% of Market Value

Type Fund Benchmark Net
as of 31/Aug/2023

% 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 Distribution Frequency Bid Price Offer Price ISIN
Class D GBP Daily 1.94 1.94 GB00B8DDP952
Class A GBP None 2.10 2.10 GB0000646421
Class X ACC GBP - 1.34 1.35 GB00BFBFW576
Class D GBP None 2.29 2.30 GB00B4XLYS34
Class X Inc GBP Annual 1.02 1.02 GB00BN091040
Class A GBP Daily 1.91 1.92 GB0000645019

Portfolio Managers

Portfolio Managers

Adam Avigdori
Adam Avigdori
Director and portfolio manager

  

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Adam Avigdori, Director and portfolio manager, is a member of BlackRock's UK Equity team within Equity division of BlackRock's Fundamental Active Equity Group. Mr Avigdori is responsible for the UK equity income and charity portfolios, with a research emphasis on Defensives. Mr Avigdori's service with the firm dates back to 2001, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr Avigdori earned a BSc (Hons) in Management Sciences from UMIST in 2001.

David Goldman
David Goldman
Director and Portfolio Manager

  

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David Goldman, CFA, Director and portfolio manager, is a member of BlackRocks’s UK Equity team within BlackRock's Fundamental Active Equity Group. He is responsible for the UK equity income and charity portfolios, with a research emphasis on Industrials. Mr. Goldman's service with the firm dates back to 2004, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Goldman held a variety of positions on both the UK equity team and in the fixed income division. He was previously responsible for research in the travel and leisure, real estate, construction, banks and oil & gas sectors. Mr. Goldman began his investment career with MLIM in 2004 as a member of the investment training program. Mr. Goldman earned a BSc degree, with first class honours, in economics from Bristol University in 2004.

Literature

Literature