Equity

ACS Continental European Equity Tracker Fund

Overview

Investment Approach

The Fund is a sub-fund of BlackRock Authorised Contractual Scheme I taking the form of a co-ownership scheme. As a consequence of this, the Fund may be treated as tax transparent for the purpose of income and/or capital gains by relevant taxing jurisdictions. Each investor should take appropriate professional advice as to the tax treatment of their investment in the Fund. Investors in the Fund must be Eligible Investors as defined in the Fund’s prospectus and must have completed all relevant documentation prior to the purchase of units in the Fund. The Fund aims to provide a return on your investment (generated through an increase to the value of the assets held by the Fund and/or income received from those assets) by tracking closely the performance of the FTSE Developed Europe ex UK Custom ESG Screened Index, the Fund’s benchmark index (the “Benchmark Index”). The Fund invests in equity securities (e.g. shares) of companies that make up the Benchmark Index.

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

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Performance

Performance

Chart

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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 2 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2016 2017 2018 2019 2020
Total Return (%) 21.2 9.0
Target Benchmark 1 (%) 21.2 9.2
  From
31-Dec-2015
To
31-Dec-2016		 From
31-Dec-2016
To
31-Dec-2017		 From
31-Dec-2017
To
31-Dec-2018		 From
31-Dec-2018
To
31-Dec-2019		 From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of 31-Dec-20

- - - 21.21 9.00
Target Benchmark 1 (%)

as of 31-Dec-20

- - - 21.24 9.23
  1y 3y 5y 10y Incept.
Total Return (%) 15.75 - - - 5.40
Target Benchmark 1 (%) 15.97 - - - 5.55
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) -2.17 -0.25 -0.08 6.85 15.75 - - - 15.64
Target Benchmark 1 (%) -2.03 -0.20 -0.04 6.97 15.97 - - - 16.10

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 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 30-Nov-22 GBP 833,698,261
Share Class launch date 25-May-18
Fund Launch Date 15-May-17
Share Class Currency GBP
Fund Base Currency GBP
Asset Class Equity
Target Benchmark 1 FTSE Developed Europe ex UK Custom ESG Screened Index
Investment Association Category -
Initial Charge 0.00%
Ongoing Charges Figures 0.02%
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 Europe ex-UK Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker ACCX1JA
ISIN GB00BD71YM66
SEDOL BD71YM6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Oct-22 451
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of 31-Oct-22 12.17
P/B Ratio as of 31-Oct-22 1.78

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31-Oct-22
Name Weight (%)
NESTLE SA 4.73
ROCHE HOLDING PAR AG 3.72
ASML HOLDING NV 3.07
NOVO NORDISK CLASS B 2.74
NOVARTIS AG 2.67
Name Weight (%)
LVMH 2.53
TOTALENERGIES 2.07
SAP 1.72
SANOFI SA 1.52
SIEMENS N AG 1.33
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-22

% of Market Value

Type Fund Benchmark Net
as of 31-Oct-22

% of Market Value

Type Fund Benchmark Net
as of 31-Oct-22

% 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 TIS
Class X1J GBP - - - GB00BD71YM66 -
Class X1C GBP - - - GB00BD71YD75 -
Class X1L GBP - - - GB00BD71YP97 -
Class X1I GBP - - - GB00BD71YL59 -
Class X1G GBP - - - GB00BD71YJ38 -
Class X1F GBP - - - GB00BD71YH14 -
Class X1E GBP - - - GB00BD71YG07 -
Class X1K GBP - - - GB00BD71YN73 -
Class X1 GBP - - - GB00BYQLTD03 -
Class X1H GBP - - - GB00BD71YK43 -
Class X1D GBP - - - GB00BD71YF99 -

Portfolio Managers

Portfolio Managers

Kieran Doyle
Kieran Doyle
EMEA Beta Instl PM Group
EMEA Beta Instl PM Group

Literature

Literature