Equity

BlackRock Global Unconstrained Equity Fund (UK)

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. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investment. 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

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This chart shows the fund's performance as the percentage loss or gain per year over the last 3 years.

  2019 2020 2021 2022 2023
Total Return (%) 35.6 -15.5 26.8
Comparator Benchmark 1 (%) 22.9 -7.8 16.8

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

  1y 3y 5y 10y Incept.
21.92 13.44 - - 16.68
Comparator Benchmark 1 (%) 20.88 10.07 - - 11.41
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
13.35 4.88 0.55 13.35 21.92 45.96 - - 98.43
Comparator Benchmark 1 (%) 12.69 2.77 2.56 12.69 20.88 33.34 - - 61.61
  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

- 27.49 -6.42 27.93 21.92
Comparator Benchmark 1 (%)

as of 30/Jun/2024

- 24.36 -2.56 13.21 20.88

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 19/Jul/2024
GBP 1,355,439,444
Fund Launch Date
21/Jan/2020
Fund Base Currency
GBP
Comparator Benchmark 1
MSCI World Index
Initial Charge
5.00%
ISIN
GB00BFK3MM92
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
BLGUEXG
Share Class launch date
21/Jan/2020
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
Global
Ongoing Charges Figures
0.02%
Annual Management Fee
0.00%
Minimum Initial Investment
GBP 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Large-Cap Growth Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFK3MM9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
20
3y Beta
as of 30/Jun/2024
1.212
P/B Ratio
as of 28/Jun/2024
10.25
Standard Deviation (3y)
as of 30/Jun/2024
16.95%
P/E Ratio
as of 28/Jun/2024
46.57

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

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for BlackRock Global Unconstrained Equity Fund (UK), Class X, as of 31/Jan/2023 rated against 1724 Global Large-Cap Growth Equity Funds.

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
MICROSOFT CORPORATION 9.83
ASML HOLDING NV 9.76
NOVO NORDISK A/S 9.70
CADENCE DESIGN SYSTEMS INC 6.48
ALPHABET INC 4.99
Name Weight (%)
META PLATFORMS INC 4.90
INTUITIVE SURGICAL INC 4.83
S&P GLOBAL INC 4.76
MASTERCARD INC 4.61
FERRARI NV 4.60
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% 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 Bid Price Offer Price ISIN
Class X GBP 1.85 1.86 GB00BFK3MM92
Class D GBP 1.12 1.13 GB00BRTCQ630
Class Z GBP 1.80 1.80 GB00BFK3MN00
Class D GBP 1.78 1.79 GB00BFK3ML85

Portfolio Managers

Portfolio Managers

Alister Hibbert
Managing Director

  

Michael Constantis
Managing Director

  

Literature

Literature