Equity

BlackRock European Dynamic Fund

  • Bid price as of 13/Dec/2024 GBP 2.50
  • Offer price as of 13/Dec/2024 GBP 2.51
  • Morningstar Rating

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) over the long term (5 or more consecutive years beginning at the point of investment). The Fund invests at least 70% of its total assets in the equity securities (e.g. shares) of companies incorporated or listed in Europe, but excluding the United Kingdom. Depending on market conditions, the Fund will invest in equity securities of companies that are, in the investment adviser’s opinion, undervalued (i.e. their share price does not reflect their underlying worth) or have good growth potential.

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

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Performance

Performance

Chart

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Distributions

Ex-Date Total Distribution
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Ex-Date Total Distribution
For more information: 0800 445 522 • www.blackrock.com • investor.services@blackrock.com

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 (%) -2.5 22.8 -14.1 36.1 29.5 25.1 -23.6 20.1
Constraint Benchmark 1 (%) 18.6 16.6 -10.2 19.4 7.9 16.6 -7.7 14.8

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 (%) 11.99 0.42 10.10 - 10.30
Constraint Benchmark 1 (%) 7.38 4.22 6.76 - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 8.28 -0.32 -4.66 -4.31 11.99 1.27 61.75 - 145.67
Constraint Benchmark 1 (%) 2.99 -1.29 -4.72 -4.83 7.38 13.20 38.70 - -
  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

15.62 44.09 -28.11 25.38 21.10
Constraint Benchmark 1 (%)

as of 30/Sept/2024

-0.30 21.23 -13.47 19.56 14.39

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 13/Dec/2024
GBP 4,241,493,767
Fund Launch Date
01/Mar/2002
Fund Base Currency
GBP
Constraint Benchmark 1
FTSE World Europe ex UK Index
Initial Charge
5.00%
Management Fee
1.50%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BEDFAIH
Ongoing Charges Figure ex. Discount
1.66%
Share Class launch date
29/Sept/2015
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
Europe Excluding UK
Ongoing Charges Figures
1.66%
ISIN
GB00BWG05W49
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BWG05W4
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
45
Standard Deviation (3y)
as of 30/Nov/2024
19.42%
P/E Ratio
as of 29/Nov/2024
24.95
12 Month Trailing Dividend Distribution Yield
as of 30/Nov/2024
0.27
3y Beta
as of 30/Nov/2024
1.210
P/B Ratio
as of 29/Nov/2024
3.92

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

Morningstar Rating

4 stars
Overall Morningstar Rating for BlackRock European Dynamic Fund, Class FA Hedged, as of 31/Jul/2018 rated against 228 Other Equity Funds.

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
NOVO NORDISK A/S 8.66
ASML HOLDING NV 4.82
LINDE PLC 4.59
MTU AERO ENGINES AG 3.98
SCHNEIDER ELECTRIC SE 3.75
Name Weight (%)
COMPAGNIE DE SAINT GOBAIN SA 3.44
HOLCIM AG 3.34
RELX PLC 2.89
PANDORA A/S 2.84
DSV A/S 2.80
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/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 FA Hedged GBP 2.50 2.51 GB00BWG05W49
Class FD Hedged GBP 2.37 2.38 GB00BWG05Z79
Class D GBP 9.69 9.71 GB00B8440Z89
Class FA Hedged GBP 2.54 2.55 GB00BWG05T10
Class FD Hedged GBP 2.54 2.54 GB00BWG05X55
Class FD GBP 3.12 3.12 GB00BCZRNN30
Class FX GBP 2.86 2.86 GB00BW9Z0V08
Class FX Hedged GBP 2.84 2.84 GB00BWG06P47
Class A GBP 9.46 9.48 GB0000494905
Class D GBP 11.12 11.14 GB00B5W2QB11
Class A GBP 10.04 10.06 GB0000495209
Class FA GBP 2.87 2.87 GB00BCZRNL16
Class FA GBP 2.81 2.82 GB00BCZRNK09
Class FD GBP 2.89 2.90 GB00BCZRNM23

Portfolio Managers

Portfolio Managers

Giles Rothbarth
Giles Rothbarth

Literature

Literature