Please see the shareholder letter for more information.
Please see the shareholder letter for more information.
Overview
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.
Shares in smaller companies typically trade in less volume and experience greater price variations than larger companies. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. 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. Due to its investment strategy an 'Absolute Return' fund may not move in line with market trends or fully benefit from a positive market environment. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.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

Performance
Performance
Chart
Reinvestments
-
Returns
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 CHF, 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
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.
Risk Indicator
Risk Indicator
Ratings
Holdings
Holdings
Name | Weight (%) |
---|---|
MICROSOFT CORPORATION | 3.38 |
PAYPAL HOLDINGS INC | 2.49 |
GAMMA COMMUNICATIONS PLC | 2.37 |
ELECTROCOMPONENTS PLC | 2.36 |
GAMES WORKSHOP GROUP PLC | 2.13 |
Name | Weight (%) |
---|---|
NASDAQ INC | 2.10 |
ASHTEAD GROUP PLC | 2.09 |
DR MARTENS AIRWAIR LTD | 1.98 |
RECKITT BENCKISER GROUP PLC | 1.95 |
YOUGOV PLC | 1.87 |
Exposure Breakdowns
Exposure Breakdowns
% of Market Value
% of Market Value
Pricing & Exchange
Investor Class | Currency | Distribution Frequency | NAV | NAV Amount Change | NAV % Change | 52wk High | 52wk Low | Bid Price | ISIN | Offer Price | TIS |
---|---|---|---|---|---|---|---|---|---|---|---|
Class Z2 Hedged | CHF | - | 122.58 | -0.36 | -0.29 | 126.51 | 101.89 | - | LU1861219456 | - | - |
Class A2 Hedged | CNH | - | 1,046.61 | -0.86 | -0.08 | 1,075.62 | 1,005.55 | - | LU2252211383 | - | - |
Class A2 Hedged | CHF | - | 117.29 | -0.43 | -0.37 | 120.93 | 97.09 | - | LU1991003358 | - | - |
Class S2 | GBP | - | 124.47 | -0.39 | -0.31 | 128.21 | 102.67 | - | LU1884804383 | - | - |
Class I2 Hedged | USD | - | 128.21 | -0.44 | -0.34 | 132.16 | 105.62 | - | LU1861219886 | - | - |
Class I4 | GBP | - | 116.69 | -0.36 | -0.31 | 120.19 | 96.30 | - | LU2066748497 | - | - |
Class D2 Hedged | USD | - | 126.95 | -0.44 | -0.35 | 130.87 | 104.66 | - | LU1861219613 | - | - |
Class D2 Hedged | CHF | - | 120.34 | -0.42 | -0.35 | 124.06 | 100.59 | - | LU1861219373 | - | - |
Class Z2 | GBP | - | 126.51 | -0.33 | -0.26 | 130.48 | 104.44 | - | LU1861218219 | - | - |
Class I2 Hedged | CHF | - | 121.31 | -0.44 | -0.36 | 125.05 | 101.34 | - | LU1861219530 | - | - |
Class D2 Hedged | EUR | - | 121.69 | -0.42 | -0.34 | 125.44 | 101.02 | - | LU1861218995 | - | - |
Class A2 Hedged | USD | - | 120.87 | -0.40 | -0.33 | 124.61 | 99.98 | - | LU1990978147 | - | - |
Class A2 Hedged | EUR | - | 120.65 | -0.41 | -0.34 | 124.38 | 100.48 | - | LU1861218565 | - | - |
Class X2 | GBP | - | 133.74 | -0.23 | -0.17 | 138.53 | 106.40 | - | LU1861218482 | - | - |
Class D2 | GBP | - | 123.89 | -0.39 | -0.31 | 127.62 | 102.25 | - | LU1861218136 | - | - |
Class A2 | GBP | - | 119.16 | -0.38 | -0.32 | 122.77 | 97.94 | - | LU1990957067 | - | - |
Class I2 | GBP | - | 124.98 | -0.39 | -0.31 | 128.73 | 102.67 | - | LU1861218300 | - | - |
Class I2 Hedged | EUR | - | 122.41 | -0.43 | -0.35 | 126.17 | 101.68 | - | LU1861219290 | - | - |
Class Z2 Hedged | EUR | - | 123.84 | -0.35 | -0.28 | 127.80 | 102.79 | - | LU1861219027 | - | - |
Class Z2 Hedged | USD | - | 129.62 | -0.36 | -0.28 | 133.77 | 106.58 | - | LU1861219704 | - | - |
Portfolio Managers
Portfolio Managers

