Equity

BlackRock Charities UK Equity 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.

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. Investment risk is concentrated in specific sectors, countries, currencies or companies or because the Fund has only a small number of investments. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. Concentrated investment exposure by the Fund could magnify the other risks to which the Fund is exposed. The Fund uses derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
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Performance

Performance

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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 18.9 2.0 6.9 15.7 14.4 -9.5 23.5 -4.3 14.3 -0.1
Constraint Benchmark 1 (%) 20.8 1.2 1.0 16.8 13.1 -9.5 19.2 -9.8 18.3 0.3

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

  1y 3y 5y 10y Incept.
3.98 7.06 6.22 6.51 -
Constraint Benchmark 1 (%) 1.79 8.38 4.86 5.06 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.32 3.54 0.48 0.20 3.98 22.72 35.19 87.81 -
Constraint Benchmark 1 (%) 3.25 2.99 0.57 1.63 1.79 27.32 26.80 63.84 -
  From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
From
30-Sep-2022
To
30-Sep-2023
Total Return (%)

as of 30/Sep/2023

5.17 -10.65 25.03 -7.05 17.34
Constraint Benchmark 1 (%)

as of 30/Sep/2023

- - 27.89 -4.00 13.84
Previously, the performance history as at 31 October 2022 was quoted on the basis of closing prices. The full performance history is now shown based on dealing prices.
The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product.

The Fund was previously structured as Common Investment Fund (‘CIF’). On 06 12 2019, the CIF closed and the assets were transferred to a Charity Authorised Investment Fund (‘CAIF’). The CAIF is being run with the same investment objective and policy. Please note that the historical performance shown before 06 12 2019 is indicative and is provided when the fund was run as a CIF.

Unit Class and Benchmark performance displayed in GBP, hedged Unit 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 08/Dec/2023 GBP 186,262,053
Share Class launch date 03/Dec/1986
Fund Launch Date 24/Nov/1987
Share Class Currency GBP
Fund Base Currency GBP
Asset Class Equity
Constraint Benchmark 1 FTSE All-Share Index
Investment Association Category UK All Companies
Initial Charge 0.00%
Ongoing Charges Figures 0.52%
ISIN GB00BFBFWM47
Annual Management Fee 0.50%
Performance Fee 0.00%
Minimum Initial Investment GBP 1,000.00
Minimum Subsequent Investment GBP 100.00
Distribution Frequency Quarterly
Use of Income Distributing
Domicile United Kingdom
Regulatory Structure PRIIPs KID Required
Management Company BlackRock Fund Managers Ltd
Morningstar Category UK Large-Cap Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BLCUECA
SEDOL BFBFWM4
Ongoing Charges Figure ex. Discount 0.52%
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30/Nov/2023 40
12 Month Trailing Dividend Distribution Yield as of 30/Nov/2023 3.48
Standard Deviation (3y) as of 30/Nov/2023 10.90%
3y Beta as of 30/Nov/2023 0.978
P/E Ratio as of 30/Nov/2023 13.73
P/B Ratio as of 30/Nov/2023 1.81

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
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3
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7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for BlackRock Charities UK Equity Fund, Class A, as of 31/Jan/2023 rated against 625 UK Large-Cap Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31/Oct/2023)

Holdings

Holdings

as of 30/Nov/2023
Name Weight (%)
SHELL PLC 9.10
BLACKROCK GROWTH AND RECOVERY FUND 8.97
ASTRAZENECA PLC 7.30
RELX PLC 6.10
RIO TINTO PLC 5.19
Name Weight (%)
3I GROUP PLC 4.89
RECKITT BENCKISER GROUP PLC 4.17
UNILEVER PLC 2.92
PRUDENTIAL PLC 2.65
STANDARD CHARTERED PLC 2.62
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Nov/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 A GBP Quarterly 7.03 7.05 GB00BFBFWM47
Class A GBP - 24.66 24.73 GB00BFBFWN53

Portfolio Managers

Portfolio Managers

Adam Avigdori
Director and portfolio manager

  

David Goldman

 

CFA, Director and portfolio manager, sits within BlackRock's Fundamental Equities team. He is co-Portfolio Manager on the UK Income strategy, the Social Action strategy and the DM Sustainable strategy. David has been managing clients’ funds at BlackRock since 2008 and has experience managing sustainable funds.

Literature

Literature