Multi Asset

ACS LifePath 2034-36

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.

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

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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 (%) 18.7 8.4 14.8 -15.5 12.3
Benchmark (%) 18.6 8.2 14.4 -16.1 12.3

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

  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

-7.12 31.18 8.02 -9.82 14.24
Benchmark (%)

as of 31/Mar/2024

-8.29 31.79 6.82 -8.83 13.38
  1y 3y 5y 10y Incept.
13.09 2.10 6.14 - 5.25
Benchmark (%) 14.09 1.92 5.96 - 5.12
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.95 0.70 1.99 8.94 13.09 6.45 34.72 - 36.04
Benchmark (%) 4.58 1.94 1.88 9.30 14.09 5.88 33.56 - 34.99

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 14/Jun/2024
GBP 982,739,042
Fund Launch Date
25/May/2018
Fund Base Currency
GBP
Benchmark Index
Composite for LifePath ACS 2034 - 36 (GBP)
Initial Charge
-
ISIN
GB00BG1TXG47
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
BR34X1A
Share Class launch date
25/May/2018
Share Class Currency
GBP
Asset Class
Multi Asset
Investment Association Category
Mixed Investment 40-85% Shares
Ongoing Charges Figures
0.02%
Annual Management Fee
-
Minimum Initial Investment
GBP 1,000,000.00
Use of Income
Accumulating
Regulatory Structure
PRIIPs KID Required
Morningstar Category
Target Date 2036 - 2040
Dealing Frequency
Daily, forward pricing basis
SEDOL
BG1TXG4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
13
3y Beta
as of 31/May/2024
0.911
P/B Ratio
as of 31/May/2024
0.00
Modified Duration
as of 31/May/2024
2.27
Weighted Avg Maturity
as of 31/May/2024
3.04
Standard Deviation (3y)
as of 31/May/2024
10.50%
P/E Ratio
as of 31/May/2024
0.00
Yield to Maturity
as of 31/May/2024
1.59
Effective Duration
as of 31/May/2024
2.27

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 the research and due diligence phases of the investment process. When appropriate, the Fund manager leverages third-party ESG rating data available in the Aladdin universe, including climate-related characteristics such as emissions intensity criteria. In certain LifePath products, ESG may help drive the decision on which indexes a particular product will employ. Where appropriate for the portfolio, ESG Optimized or ESG Screened building blocks may be employed over standard market capitalized index exposures. Both the extent and impact of optimized and screened solutions are assessed for suitability in the context of the investment objective of the strategy. The Fund manager includes standardized ESG criteria (headline ESG ratings, emissions intensity) in the portfolio review and monitoring phase(s) of the investment process. This includes ESG criteria sourced from Aladdin and from third-party data providers. ESG reporting is included as part of quarterly performance reviews and periodic risk reviews with BlackRock's Risk and Quantitative Analysis group.

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 2034-36, Class X1, as of 31/May/2024 rated against 57 Target Date 2036 - 2040 Funds.

Holdings

Holdings

as of 31/May/2024
Name Weight (%)
ACS WLD ESG EQ TR FD X1F ACC GBP 33.06
ACS WRD ESG SN EQ TR FD X1F AC GBP 18.97
ISHRS OSEAS GOV BD IDX (UK) X ACC 11.28
ISHR UK GLT ALL STKS IDX(UK) X ACC 8.85
ACS W SM CAP ES SC EQ TR FD X1F AC 5.51
Name Weight (%)
ISHS ESG OSEAS CORP BOND FUND (UK) 5.23
ISHARES EM IDX FD (IE) FLX AC GBP 4.34
ISHS ESG STERLING CORP BOND (UK) 4.32
ISH UP 10 YRS GIL IND LINKD X ACC 3.69
ISHR ENV&L CB TLT RL EST IDX X ACC 2.57
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% 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
Class X1 GBP - - - GB00BG1TXG47

Portfolio Managers

Portfolio Managers

Steve Walker
Steve Walker
Caroline Blower
Caroline Blower
Steven Dare
Steven Dare
Group Index Equity PM IAA EMEA
Group Index Equity PM IAA EMEA

Literature

Literature