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

  2017 2018 2019 2020 2021
Total Return (%) 10.8 11.9
Benchmark (%) 4.1 14.5
  From
30-Sep-2017
To
30-Sep-2018
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
Total Return (%)

as of 30-Sep-22

- - 5.13 15.56 -7.75
Benchmark (%)

as of 30-Sep-22

- - -0.94 14.56 -5.97
  1y 3y 5y 10y Incept.
-7.45 4.96 - - 4.94
Benchmark (%) -7.62 2.98 - - 3.44
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-9.73 1.28 -4.39 -6.36 -7.45 15.64 - - 17.70
Benchmark (%) -9.79 1.76 -6.27 -6.29 -7.62 9.22 - - 12.13

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 29-Nov-22 GBP 182,653,015
Share Class launch date 13-Jun-19
Fund Launch Date 13-Jun-19
Share Class Currency GBP
Fund Base Currency GBP
Asset Class Multi Asset
Benchmark Index 30% UK Equity / 30% Global Equity / 20% UK Gilt / 10% Property / 10% 3M SON
Index Ticker -
Investment Association Category Mixed Investment 40-85% Shares
Initial Charge 0.00%
Ongoing Charges Figures 0.06%
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 PRIIPs KID Required
Management Company BlackRock Fund Managers Ltd
Morningstar Category Other Allocation
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BRCGIXA
ISIN GB00BFBFWX51
SEDOL BFBFWX5

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Oct-22 279
Standard Deviation (3y) as of 31-Oct-22 11.29%
3y Beta as of 31-Oct-22 1.034
P/E Ratio as of 31-Oct-22 11.77
P/B Ratio as of 31-Oct-22 1.57
Yield to Maturity as of 31-Oct-22 1.04
Modified Duration as of 31-Oct-22 1.69
Effective Duration as of 31-Oct-22 1.68
Weighted Avg Maturity as of 31-Oct-22 1.87

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 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, 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 each of the building blocks utilized to access research ideas. The choice of building block is 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 will be considered as a replacement for standard market exposure. Both the extent and impact of screens and integration are 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 uses 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. The Fund manager conducts regular portfolio monitoring with BlackRock’s Risk and Quantitative Analysis group, as well as portfolio reviews with 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.

Risk Indicator

Risk Indicator

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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 31-Oct-22

% 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 TIS
Class X GBP - 1.21 1.21 GB00BFBFWX51 -
Class C GBP - 1.06 1.07 GB00BFK3MF26 -
Class A GBP - 1.09 1.10 GB00BFBFWH93 -
Class A GBP - 1.18 1.19 GB00BFBFWJ18 -
Class C GBP - 1.16 1.17 GB00BFK3MG33 -

Portfolio Managers

Portfolio Managers

Adam Ryan
Managing Director and portfolio manager

Head of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group, which is responsible for developing, assembling and managing investment strategies involving multiple asset classes.

Lamiaa Chaabi
Vice President and portfolio manager

Member of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group.

Conan McKenzie
CFA, Director and portfolio manager

Member of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group.

Literature

Literature