Equity

BlackRock Charities UK Equity ESG Fund

  • Bid price as of 03-Mar-21 GBP 2.06

Overview

Investment Approach

The Fund aims to provide a return on your investment (net of fees) over a period of 5 or more consecutive years beginning at the point of investment, generated through an increase in the value of the assets held by the Fund and/or income received from those assets whilst adhering to the Sub-Fund’s ESG Policy. The investment manager (IM) may use derivatives (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to seek to achieve the Fund’s investment objective and for efficient portfolio management purposes in order to reduce risk within the Fund, reduce investment costs, or to generate additional income for the Fund. Further investments may be used (including derivatives) to protect the value of the Fund, in whole or in part, from changes in currency exchange rates against its base currency.

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

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. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the funds 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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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. Source: BlackRock. Performance is based on closing bid prices for UK funds with net income reinvested.

Distributions

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Total Distribution
  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

15.63 14.17 -6.78 22.23 -5.61
Benchmark (%)

as of 31-Dec-20

16.69 13.42 -8.26 18.98 -11.39
  1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Jan-21

-5.39 2.48 7.91 6.44 6.19
Benchmark (%)

as of 31-Jan-21

-8.54 -0.68 5.65 5.25 5.30
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Jan-21

-1.95 -1.95 14.89 -5.39 7.62 46.30 86.61 314.67
Benchmark (%)

as of 31-Jan-21

-0.68 -0.68 16.32 -8.54 -2.04 31.66 66.77 239.70
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

Size of Fund (Millions) as of 03-Mar-21 GBP 64.159
Price Yield as of 03-Mar-21 3.00
Number of Holdings as of 29-Jan-21 40
Base Currency British Pound
Fund Launch Date 11-Feb-97
Share Class launch date 30-May-97
Asset Class Equity
Benchmark Index 30% MSWXUKGBPN / FTULALGBP / 10% IPDABINX / GBP3MLIBK / 20% BSTRGILTS
Investment Association Category -
Domicile United Kingdom
Regulatory Structure PRIIPs KID Required
Management Company BlackRock Fund Managers Ltd
Ongoing Charges Figures -
ISIN GB00BFBFWP77
Bloomberg Ticker BCUESAI
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BFBFWP7
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 1000
Minimum Subsequent Investment GBP 100
Use of Income Distributing

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG 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 of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Holdings

Holdings

as of 29-Jan-21
Name Weight (%)
BLACKROCK GROWTH AND RECOVERY FUND 9.96
ASTRAZENECA PLC 7.17
RIO TINTO PLC 6.52
RELX PLC 4.90
ROYAL DUTCH SHELL PLC 4.34
Name Weight (%)
UNILEVER PLC 4.25
RECKITT BENCKISER GROUP PLC 4.18
LLOYDS BANKING GROUP PLC 3.22
SMITH & NEPHEW PLC 3.08
BP PLC 2.75
Holdings subject to change

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN TIS
Class A GBP - 2.07 0.02 0.83 2.10 1.48 2.06 GB00BFBFWP77 -
Class A GBP - 4.29 0.04 0.85 4.36 2.97 4.28 GB00BFBFWQ84 -

Portfolio Managers

Portfolio Managers

Adam Avigdori
Adam Avigdori
Director and portfolio manager

  

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Adam Avigdori, Director and portfolio manager, is a member of BlackRock's UK Equity team within Equity division of BlackRock's Fundamental Active Equity Group. Mr Avigdori is responsible for the UK equity income and charity portfolios, with a research emphasis on Defensives. Mr Avigdori's service with the firm dates back to 2001, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr Avigdori earned a BSc (Hons) in Management Sciences from UMIST in 2001.

David Goldman
David Goldman
Director and Portfolio Manager

  

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David Goldman, CFA, Director and portfolio manager, is a member of BlackRocks’s UK Equity team within BlackRock's Fundamental Active Equity Group. He is responsible for the UK equity income and charity portfolios, with a research emphasis on Industrials. Mr. Goldman's service with the firm dates back to 2004, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Goldman held a variety of positions on both the UK equity team and in the fixed income division. He was previously responsible for research in the travel and leisure, real estate, construction, banks and oil & gas sectors. Mr. Goldman began his investment career with MLIM in 2004 as a member of the investment training program. Mr. Goldman earned a BSc degree, with first class honours, in economics from Bristol University in 2004.

Literature

Literature