Equity

BlackRock Continental European 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.

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

Loading

Performance

Performance

Chart

View full chart

Distributions

Ex-Date Total Distribution
View full table

This chart shows the fund's performance as the percentage loss or gain per year over the last 5 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 21.5 14.0 13.8 -6.3 13.0
Target Benchmark 1 (%) 20.2 8.6 17.2 -7.8 15.2

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

  1y 3y 5y 10y Incept.
13.78 7.42 10.31 - 7.98
Target Benchmark 1 (%) 17.14 7.41 9.80 - 7.38
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.59 2.53 5.32 12.92 13.78 23.94 63.37 - 62.66
Target Benchmark 1 (%) 8.32 3.61 5.30 13.07 17.14 23.92 59.57 - 57.02
  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

-3.20 33.55 7.42 5.89 12.06
Target Benchmark 1 (%)

as of 31/Mar/2024

-8.04 34.61 6.04 8.15 12.95

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 12/Jun/2024
GBP 1,492,640,294
Fund Launch Date
06/May/2011
Fund Base Currency
GBP
Target Benchmark 1
FTSE All World Developed Europe Ex UK Index
Initial Charge
-
ISIN
GB00BFBFW352
Performance Fee
-
Minimum Subsequent Investment
GBP 100.00
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRCEIXI
Share Class launch date
31/Jan/2018
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
Europe Excluding UK
Ongoing Charges Figures
0.02%
Annual Management Fee
-
Minimum Initial Investment
GBP 10,000,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Europe ex-UK Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFBFW35

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
41
Standard Deviation (3y)
as of 31/May/2024
12.22%
P/E Ratio
as of 31/May/2024
17.22
12 Month Trailing Dividend Distribution Yield
as of 31/May/2024
3.65
3y Beta
as of 31/May/2024
0.875
P/B Ratio
as of 31/May/2024
2.41

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 Continental European Income Fund, Class X, as of 31/May/2024 rated against 578 Europe ex-UK Equity Funds.

Holdings

Holdings

as of 31/May/2024
Name Weight (%)
NOVO NORDISK A/S 5.59
ASML HOLDING NV 4.20
COMPAGNIE DE SAINT GOBAIN SA 4.03
VINCI SA 3.66
ENEL SPA 3.53
Name Weight (%)
MUENCHENER RUECKVERSICHERUNGS GESELLSCHAFT IN MUENCHEN AG 3.23
TRYG A/S 3.17
UNICREDIT SPA 3.13
KBC GROEP NV 3.02
NORDEA BANK ABP 2.99
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
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 X GBP 1.26 1.26 GB00BFBFW352
Class A GBP 1.74 1.74 GB00B43MZ612
Class D GBP 3.24 3.24 GB00B3S9LG25
Class D Hedged GBP 1.93 1.94 GB00BWG07178
Class D Hedged GBP 1.42 1.42 GB00BWG07G21
Class A GBP 2.93 2.94 GB00B3ZW3465
Class X GBP 2.22 2.22 GB00BYSXC139
Class A Hedged GBP 1.33 1.33 GB00BWG07400
Class D GBP 1.91 1.92 GB00B3Y7MQ71
Class A Hedged GBP 1.90 1.90 GB00BWG06Q53

Portfolio Managers

Portfolio Managers

Andreas Zoellinger
Andreas Zoellinger
Brian Hall
Managing Director

  

Literature

Literature