Multi Asset

BlackRock Managed Index Portfolios - Defensive

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 cannot be guaranteed. The fund is a fund of funds structure which may invest up to 100% of NAV in other collective investment schemes. The fund may also invest in emerging markets. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater liquidity risk restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to 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

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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of 30-Jun-21

-0.07 0.44 4.98 -0.09 5.19
  1y 3y 5y 10y Incept.
5.66 3.59 1.90 - 2.91
  YTD 1m 3m 1y 3y 5y 10y Incept.
3.06 0.57 2.19 5.66 11.17 9.85 - 18.34

The figures shown relate to past performance. 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.

Share Class and Benchmark performance displayed in EUR, hedged Share Class Benchmark performance is displayed in EUR.

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

Size of Fund (Millions) as of 24-Sep-21 EUR 161.897
12m Trailing Yield -
Number of Holdings as of 31-Aug-21 29
Base Currency Euro
Fund Launch Date 10-Apr-15
Share Class launch date 14-Oct-15
Asset Class Multi Asset
Morningstar Category EUR Cautious Allocation - Global
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.50%
ISIN LU1304596254
Bloomberg Ticker BSMDD2E
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BYVY893
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100,000.00
Minimum Subsequent Investment EUR 0.00
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 07-Sep-21 A
MSCI ESG Quality Score (0-10) as of 07-Sep-21 5.96
MSCI ESG Quality Score - Peer Percentile as of 07-Sep-21 11.13
MSCI ESG % Coverage as of 07-Sep-21 88.94
Fund Lipper Global Classification as of 07-Sep-21 Mixed Asset EUR Cons - Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Sep-21 123.05
Funds in Peer Group as of 07-Sep-21 557
All data is from MSCI ESG Fund Ratings as of 07-Sep-21, based on holdings as of 31-Mar-21. 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% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

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-21 0.00%
MSCI - UN Global Compact Violators as of 31-Aug-21 0.18%
MSCI - Nuclear Weapons as of 31-Aug-21 0.02%
MSCI - Thermal Coal as of 31-Aug-21 0.01%
MSCI - Civilian Firearms as of 31-Aug-21 0.02%
MSCI - Oil Sands as of 31-Aug-21 0.00%
MSCI - Tobacco as of 31-Aug-21 0.10%

Business Involvement Coverage as of 31-Aug-21 38.02%
Percentage of Fund not covered as of 31-Aug-21 62.31%
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 0.11% and for Oil Sands 0.43%.

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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in the research, monitoring and reporting phases of the investment process. This includes both BlackRock and third-party research and feeds into the initial investment decision. When making buy, hold and sell decisions, the team takes into consideration competitive advantages of allocating to vehicles that provide access to companies with stronger ESG characteristics, within a given industry. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group as well as portfolio reviews with Chief Investment Officers. These reviews include discussion 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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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BlackRock Managed Index Portfolios - Defensive, Class D2, as of 31-Aug-21 rated against 1992 EUR Cautious Allocation - Global Funds.

Holdings

Holdings

Issuer Ticker Name Asset Class Weight (%) Price Nominal Market Value Notional Value Sector Exchange
Please note that the prices and valuation information (the Information) is unaudited and is based on unaudited price and holding data. As such the Information is indicative only and is subject to change. BlackRock Investment Management (UK) Limited ("BlackRock") makes no representations or warranties of any kind, either express or implied, in respect of the Information. In particular, but without limiting the foregoing, BlackRock does not represent or warrant that the Information is reconciled, accurate, complete, error-free, virus free, or that results obtained from use of the Information will be correct.

Exposure Breakdowns

Exposure Breakdowns

as of 23-Sep-21

% of Market Value

Type Fund
Allocations subject to change.
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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class D2 EUR None 117.61 -0.38 -0.32 118.55 111.32 - LU1304596254 - -
Class I2 EUR - 105.43 -0.34 -0.32 106.27 99.76 - LU2242191133 - -
Class I2 Hedged USD - 118.92 -0.38 -0.32 119.82 111.64 - LU1811363677 - -
Class A2 Hedged GBP - 111.10 -0.36 -0.32 112.00 105.22 - LU1817852335 - -
Class D5 Hedged USD Quarterly 123.15 -0.39 -0.32 124.10 116.30 - LU1241524963 - -
Class D2 Hedged USD None 131.51 -0.42 -0.32 132.51 123.54 - LU1282797684 - -
Class A2 Hedged USD None 126.29 -0.40 -0.32 127.29 119.38 - LU1298142255 - -
Class D2 Hedged GBP None 118.18 -0.38 -0.32 119.09 111.23 - LU1191062733 - -
Class A4 EUR Annual 110.04 -0.35 -0.32 110.96 104.81 - LU1273675238 - -
Class D2 Hedged CHF None 109.52 -0.35 -0.32 110.41 103.98 - LU1191062816 - -
Class D5 Hedged GBP Quarterly 110.77 -0.35 -0.31 111.64 104.79 - LU1191062659 - -
Class A2 EUR None 112.82 -0.36 -0.32 113.75 107.45 - LU1241524617 - -
Class D5 EUR Quarterly 105.89 -0.34 -0.32 106.75 100.74 - LU1191062576 - -

Portfolio Managers

Portfolio Managers

Rafael Iborra
Rafael Iborra
Christopher Downing
Christopher Downing
Steve Walker
Steve Walker

Literature

Literature