Fixed Income

BlackRock Diversifying Fixed 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.

Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. 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. This Share Class may pay dividends or take charges from capital. While this may allow more income to be distributed, it may reduce the value of your holdings and impact the potential for long term capital growth.
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Performance

Performance

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Distributions

This product does not have any distributions data as of now.
  From
30-Sep-2016
To
30-Sep-2017
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
Total Return (%)

as of 30-Sep-21

- - - - 3.54
Benchmark (%)

as of 30-Sep-21

- - - - -0.53
  1y 3y 5y 10y Incept.
3.54 - - - 2.29
Benchmark (%)

as of 30-Sep-21

-0.53 - - - -0.52
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.14 -0.66 0.16 3.54 - - - 2.64
Benchmark (%)

as of 30-Sep-21

-0.41 -0.05 -0.14 -0.53 - - - -0.60

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 EUR, hedged Share Class Benchmark performance is displayed in EUR.

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 20-Oct-21 EUR 96.045
Fund Launch Date 20-Nov-19
Share Class launch date 05-Aug-20
12m Trailing Yield -
Number of Holdings as of 30-Sep-21 10
Base Currency Euro
Asset Class Fixed Income
Morningstar Category -
Benchmark Index 3 Month Euribor Index
SFDR Classification Other
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Ongoing Charges Figures 0.41%
ISIN IE00BJ7WS637
Bloomberg Ticker BLKDFIF
Annual Management Fee 0.50%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BJ7WS63
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Weekly, Business Day
Minimum Initial Investment EUR 1,000,000.00
Minimum Subsequent Investment EUR 250,000.00
Use of Income Distributing

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 07-Oct-21 BBB
MSCI ESG Quality Score (0-10) as of 07-Oct-21 5.18
MSCI ESG Quality Score - Peer Percentile as of 07-Oct-21 8.72
MSCI ESG % Coverage as of 07-Oct-21 83.85
Fund Lipper Global Classification as of 07-Oct-21 Bond Global EUR
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Oct-21 413.23
Funds in Peer Group as of 07-Oct-21 619
All data is from MSCI ESG Fund Ratings as of 07-Oct-21, based on holdings as of 31-May-21. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 30-Sep-21 0.05%
MSCI - UN Global Compact Violators as of 30-Sep-21 1.45%
MSCI - Nuclear Weapons as of 30-Sep-21 0.07%
MSCI - Thermal Coal as of 30-Sep-21 0.11%
MSCI - Civilian Firearms as of 30-Sep-21 0.01%
MSCI - Oil Sands as of 30-Sep-21 0.01%
MSCI - Tobacco as of 30-Sep-21 0.04%

Business Involvement Coverage as of 30-Sep-21 53.25%
Percentage of Fund not covered as of 30-Sep-21 46.75%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.74% and for Oil Sands 1.08%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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.


Within its Solutions platform, the Fund manager conducts assessments for all third-party active managers as part of an approval process: this assessment considers whether managers have dedicated ESG resources or use internal ESG data, as well as the degree to which ESG is fully integrated into the investment process. For equity managers, the Fund manager also considers the strength of investment stewardship capabilities. The assessment results in an internal manager-specific ESG rating based on the level of ESG integration. The Fund manager considers these ratings when selecting new active managers. The Fund manager includes ESG criteria in Portfolio Construction Review meetings. The Fund manager reviews internal ESG ratings in manager research reviews. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include discussion of portfolio exposure to material environmental, social and governance risks.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 30-Sep-21
Name Weight (%)
BLK GL HY ESG CR SC FD Z EUR HDG 19.28
ISHR JPM USD EM CRP BD EUR DIST 18.70
ISR ESG GL CRP BD D ACC EUR H (IE) 15.38
ISHS FALL ANGEL HY CORP BD EUR HDG 12.20
ISHR EM GOV BD IDX(IE) FLEX EUR HG 12.01
Name Weight (%)
ISR ESG SC EUR CR BD ID FD FLX EUR 8.94
ISH US CORP BD IDX (IE) HD EUR ACC 4.13
ISHARES EURO INF-LNK GOVT BD UCITS 2.08
ISHARES $ TIPS UCITS ETF EUR HGD A 1.01
BLK ICS EUR ULTRA SH BD AG 0.56
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Institutional 2 Distributing Class EUR - 10.23 0.00 -0.04 10.37 9.94 10.23 IE00BJ7WS637 10.23 -
Institutional 1 Distributing Unit Class EUR - 10.00 0.00 -0.04 10.13 9.77 10.00 IE00BJ7WSB83 10.00 -

Portfolio Managers

Portfolio Managers

Fabrizio Coiai
Fabrizio Coiai

Literature

Literature