Multi Asset

ACS LifePath 2028-30

  • Morningstar Rating

Overview

Investment Approach

The Fund aims to achieve 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) for investors planning to retire between 2028 and 2030 by investing primarily in other funds and changing its asset mix over time. The Fund aims to invest in a manner consistent with the principles of environmental, social and governance (ESG) investing. The Fund intends to gain indirect exposure globally to equity securities (e.g. shares), fixed income (FI) securities (such as bonds) and alternative assets (such as property and commodities) by investing at least 70% of its total assets in other funds. The Fund may also invest directly in equity securities, FI securities, MMIs (i.e. debt securities with short-term maturities), deposits and cash. The Fund’s investment manager (IM) may use derivatives (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective or to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income. The Fund may engage in short-term secured lending of its investments to generate additional income and offset costs.

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.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way. The Fund may seek to exclude Funds which are not subject to ESG-related requirements. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.
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Performance

Performance

Chart

Performance chart data not available for display.
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Unit Class performance displayed in British Pound. Source: BlackRock. Performance is shown on a bid to bid price basis, with net income reinvested, net of fees. Past performance is not a reliable indicator of current or future performance.


This chart shows the fund's performance as the percentage loss or gain per year over the last 4 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 16.6 8.5 12.0 -16.1
Benchmark (%) 16.5 8.1 11.7 -16.8

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

  From
31-Mar-2018
To
31-Mar-2019		 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
Total Return (%)

as of 31/Mar/2023

- -4.98 25.29 6.56 -10.38
Benchmark (%)

as of 31/Mar/2023

- -6.12 25.89 5.57 -9.77
  1y 3y 5y 10y Incept.
Total Return (%) -5.99 2.72 2.78 - 2.77
Benchmark (%) -5.91 2.28 2.48 - 2.42
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 2.48 -0.77 0.60 -0.32 -5.99 8.38 14.69 - 14.66
Benchmark (%) 2.21 -1.42 0.22 -1.91 -5.91 6.99 13.04 - 12.74

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 07/Jun/2023 GBP 686,069,615
Share Class launch date 25/May/2018
Fund Launch Date 25/May/2018
Share Class Currency GBP
Fund Base Currency GBP
Asset Class Multi Asset
Benchmark Index Composite for LifePath ACS 2028 - 30 (GBP)
Index Ticker -
Investment Association Category Mixed Investment 40-85% Shares
Initial Charge -
Ongoing Charges Figures 0.02%
Annual Management Fee -
Performance Fee -
Minimum Initial Investment GBP 1,000,000.00
Minimum Subsequent Investment GBP 100.00
Use of Income Accumulating
Domicile United Kingdom
Regulatory Structure PRIIPs KID Required
Management Company BlackRock Fund Managers Ltd
Morningstar Category Target Date 2026 - 2030
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BR28X1A
ISIN GB00BG1TXD16
SEDOL BG1TXD1

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31/May/2023 12
Standard Deviation (3y) as of 31/May/2023 10.07%
3y Beta as of 31/May/2023 0.937
P/E Ratio as of 31/May/2023 0.00
P/B Ratio as of 31/May/2023 0.00
Yield to Maturity as of 31/May/2023 2.17
Modified Duration as of 31/May/2023 4.28
Effective Duration as of 31/May/2023 4.27
Weighted Avg Maturity as of 31/May/2023 5.34

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

3 stars
Overall Morningstar Rating for ACS LifePath 2028-30, Class X1, as of 31/May/2023 rated against 62 Target Date 2026 - 2030 Funds.

Holdings

Holdings

as of 28/Apr/2023
Name Weight (%)
ACS WLD ESG EQ TR FD X1D ACC GBP 33.19
ISHRS OSEAS GOV BD IDX (UK) X ACC 12.90
ISHR UK GLT ALL STKS IDX(UK) X ACC 12.68
ISHRS IDX LK GLT IDX FD (UK) X ACC 8.44
ACS WRD ESG SN EQ TR FD X1D AC GBP 8.16
Name Weight (%)
ACS W SM CAP ES SC EQ TR FD X1D AC 4.71
ISHRS ESG CORP BD IDX FD (UK) X AC 4.47
ISH ESG OSEAS COR BD ID (UK) X ACC 4.19
ISHARES EM IDX FD (IE) FLX AC GBP 4.00
ISHARES DIVERSIFIED COMMODIT CACC 3.53
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Apr/2023

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 28/Apr/2023

% of Market Value

Type Fund Benchmark Net
as of 28/Apr/2023

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
Sorry, ratings are not available at this time.
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 TIS
Class X1 GBP - - - GB00BG1TXD16 -

Portfolio Managers

Portfolio Managers

Steve Walker
Steve Walker
Steven Dare
Steven Dare
EMEA Beta IAA PM Group
EMEA Beta IAA PM Group

Literature

Literature