Equity

ACS US Equity Tracker 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.

All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be 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. The fund invests in a limited number of market sectors. Compared to investments which spread investment risk through investing in a variety of sectors, share price movements may have a greater affect on the overall value of this 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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This chart shows the fund's performance as the percentage loss or gain per year over the last 5 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 0.3 27.2 16.4 30.0 -11.4
Target Benchmark 1 (%) -0.7 27.6 16.3 29.9 -11.4

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

  1y 3y 5y 10y Incept.
6.08 11.45 11.42 - 12.76
Target Benchmark 1 (%) 6.09 11.38 11.30 - 12.63
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
14.15 0.09 5.41 9.88 6.08 38.43 71.70 - 114.36
Target Benchmark 1 (%) 14.18 0.11 5.45 9.94 6.09 38.16 70.82 - 112.81
  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

13.57 10.79 27.59 -1.32 13.80
Target Benchmark 1 (%)

as of 30/Jun/2023

13.19 10.62 27.47 -0.12 12.39

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



As of 31 December 2014, the Benchmark Index converted from a close of business valuation to a midday valuation. Historic performance of the Benchmark has been simulated by the Benchmark provider and such data is used for the purposes of demonstrating historic performance in the "Past Performance" table from 31 July 2009 or from the launch of the share class if later.

Key Facts

Key Facts

Net Assets of Fund as of 22/Sep/2023 GBP 18,795,980,226
Share Class launch date 24/Apr/2017
Fund Launch Date 27/Jun/2014
Share Class Currency GBP
Fund Base Currency GBP
Asset Class Equity
Target Benchmark 1 FTSE USA Custom ESG Screened Index
Investment Association Category North America
Initial Charge 0.00%
Ongoing Charges Figures 0.01%
ISIN GB00BDC3W343
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment GBP 10,000,000.00
Minimum Subsequent Investment GBP 100.00
Use of Income Accumulating
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
Morningstar Category US Large-Cap Blend Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BRACUX1 LN
SEDOL BDC3W34

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31/Aug/2023 563
Standard Deviation (3y) as of 31/Aug/2023 13.13%
3y Beta as of 31/Aug/2023 1.060
P/E Ratio as of 31/Aug/2023 23.28
P/B Ratio as of 31/Aug/2023 4.07

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 0.61%

Business Involvement Coverage as of 31/Aug/2023 99.74%
Percentage of Fund not covered as of 31/Aug/2023 0.26%
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 1.12%.

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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for ACS US Equity Tracker Fund, Class X1, as of 31/Aug/2023 rated against 1676 US Large-Cap Blend Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 30/Jun/2023)

Holdings

Holdings

as of 31/Aug/2023
Name Weight (%)
APPLE INC 7.49
MICROSOFT CORP 6.52
AMAZON COM INC 3.32
NVIDIA CORP 3.13
ALPHABET INC CLASS A 2.16
Name Weight (%)
TESLA INC 1.90
ALPHABET INC CLASS C 1.89
META PLATFORMS INC CLASS A 1.75
BERKSHIRE HATHAWAY INC CLASS B 1.25
ELI LILLY 1.25
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

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 X1 GBP - - - GB00BDC3W343
Class T1 GBP None - - GB00BNB70C23
Class X1J GBP - - - GB00BD71XS53
Class X1L GBP - - - GB00BD71XV82
Class X1E GBP - - - GB00BD71XM91
Class X1P GBP - - - GB00BD71XW99
Class X1K GBP - - - GB00BD71XT60
Class X1G GBP - - - GB00BD71XP23
Class X1C GBP - - - GB00BD71XK77
Class X1F GBP - - - GB00BD71XN09
Class X1H GBP - - - GB00BD71XQ30
Class X1D GBP - - - GB00BD71XL84
Class X1I GBP - - - GB00BD71XR47

Portfolio Managers

Portfolio Managers

Kieran Doyle
Kieran Doyle

Literature

Literature