Multi Asset

BlackRock Charities Growth & Income 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.

Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. 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. 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 Fund’s investments may have low liquidity which often causes the value of these investments to be less predictable. In extreme cases, the Fund may not be able to realise the investment at the latest market price or at a price considered fair. 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

Chart

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

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 10.8 11.9 -9.3 4.7
Constraint Benchmark 1 (%) 4.1 14.5 -9.3 10.1

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

  1y 3y 5y 10y Incept.
10.23 1.80 5.26 - 5.39
Constraint Benchmark 1 (%) 11.57 4.44 5.56 - 5.68
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.23 2.40 2.28 5.23 10.23 5.49 29.21 - 30.35
Constraint Benchmark 1 (%) 5.91 1.97 1.97 5.91 11.57 13.92 31.08 - 32.17
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30/Jun/2024

5.07 16.57 -4.30 0.01 10.23
Constraint Benchmark 1 (%)

as of 30/Jun/2024

2.16 - -0.70 2.82 11.57
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 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 11/Jul/2024
GBP 159,763,547
Fund Launch Date
13/Jun/2019
Fund Base Currency
GBP
Constraint Benchmark 1
60% Global Equities, 20% Global Aggregate, 20% SONIA+3%
Initial Charge
0.00%
ISIN
GB00BFBFWX51
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 100.00
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRCGIXA
Share Class launch date
13/Jun/2019
Share Class Currency
GBP
Asset Class
Multi Asset
Investment Association Category
Mixed Investment 40-85% Shares
Ongoing Charges Figures
0.05%
Annual Management Fee
0.00%
Minimum Initial Investment
GBP 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
PRIIPs KID Required
Morningstar Category
Other Allocation
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFBFWX5

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
265
3y Beta
as of 30/Jun/2024
0.906
P/B Ratio
as of 28/Jun/2024
3.07
Modified Duration
as of 28/Jun/2024
0.85
Weighted Avg Maturity
as of 28/Jun/2024
1.21
Standard Deviation (3y)
as of 30/Jun/2024
8.71%
P/E Ratio
as of 28/Jun/2024
30.35
Yield to Maturity
as of 28/Jun/2024
0.99
Effective Duration
as of 28/Jun/2024
0.75

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 incorporates ESG considerations throughout the investment process' macro outlook, idea generation, implementation tools, portfolio construction, risk management, ongoing monitoring and reporting. All research ideas generated for the Fund consider the potential impact from ESG-associated risks when appropriate, and these are documented as part of the investment process. Idea implementation uses a wide range of building blocks, including active mutual funds, index funds, ETFs, direct securities, derivatives, and third-party funds. The Fund manager reviews research ideas and asset allocation on a regular basis and reassesses the building blocks utilized to access research ideas. The choice of building block may be informed by ESG considerations. For strategies with an explicit ESG objective, certain building blocks are used to comply with those guidelines. Where an ESG focused building block becomes available, it may be considered as a replacement for standard market exposure when appropriate. Both the extent and impact of screens and integration may be considered in the context of the investment objective / investment style of particular strategies. The Fund manager may also build bespoke thematic baskets of securities, which are subject to BlackRock baseline screens in the first instance and where appropriate, additional screening criteria. The Fund manager may use E, S, and G criteria such as headline ESG and carbon footprint during the reporting phase. These are sourced from Aladdin or directly from third-party data providers, where available. The Fund manager conducts regular risk reviews between the investment team and BlackRock's Risk and Quantitative Analysis group as well as portfolio reviews with Chief Investment Officers. Where appropriate, 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.

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

Sorry, top holdings are not available at this time.
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, geographic exposures are not available at this time.
Sorry, geographic exposures are not available at this time.
as of 28/Jun/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 X GBP - 1.30 1.31 GB00BFBFWX51
Class A GBP - 1.26 1.27 GB00BFBFWJ18
Class A GBP Quarterly 1.11 1.11 GB00BFBFWH93
Class C GBP Quarterly 1.07 1.08 GB00BFK3MF26
Class C GBP - 1.25 1.26 GB00BFK3MG33

Portfolio Managers

Portfolio Managers

Conan McKenzie
CFA, Managing Director and portfolio manager

Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group.

Lamiaa Chaabi
Director and portfolio manager

Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group.

Yasmin Meissner
Director

Yasmin Meissner is the co-Head of Sustainable Investing for Multi-Asset Strategies and Client Portfolio Solutions along with Katharina Schwaiger.

Literature

Literature