Fixed Income

BlackRock Solutions Funds ICAV - Coutts Actively Managed Global Investment Grade Credit 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.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of 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, failed/delayed delivery of securities or payments to the Fund and sustainability-related risks. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. 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. 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 investing in the Fund. 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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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 2 years.

  2019 2020 2021 2022 2023
Total Return (%) -14.7 9.9
Target Benchmark 1 (%) -14.2 8.7
Constraint Benchmark 2 (%) -14.2 8.7

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

  1y 3y 5y 10y Incept.
9.86 -0.26 - - 0.59
Constraint Benchmark 2 (%) 8.69 -0.80 - - -0.03
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.74 1.39 1.37 5.68 9.86 -0.77 - - 2.20
Constraint Benchmark 2 (%) 4.80 1.30 1.18 5.26 8.69 -2.37 - - -0.11
  From
30-Sept-2019
To
30-Sept-2020
From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

- - -17.28 5.13 13.95
Constraint Benchmark 2 (%)

as of 30/Sept/2024

- - - 4.15 12.67

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 USD, hedged share class benchmark performance is displayed in USD.

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 09/Dec/2024
USD 1,606,824,271
Fund Launch Date
15/Mar/2021
Fund Base Currency
USD
Target Benchmark 1
BBG MSCI Global Aggregate Credit ex Controversial & Nuclear Weapons Index Hedged (USD)
SFDR Classification
Other
Ongoing Charges Figures
0.23%
ISIN
IE00BN782S95
Distribution Frequency
Quarterly
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 2 days
SEDOL
BN782S9
Share Class launch date
15/Mar/2021
Share Class Currency
USD
Asset Class
Fixed Income
Constraint Benchmark 2
BBG MSCI Global Aggregate Credit SRI Select 100% USD Hedged Index
Initial Charge
0.00%
Management Fee
0.21%
Performance Fee
0.00%
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
1803
Standard Deviation (3y)
as of 30/Nov/2024
8.16%
Yield to Maturity
as of 29/Nov/2024
4.68
Weighted Average YTM
as of 29/Nov/2024
4.59%
Weighted Avg Maturity
as of 29/Nov/2024
7.76
12 Month Trailing Dividend Distribution Yield
as of 30/Nov/2024
4.24
3y Beta
as of 30/Nov/2024
1.059
Modified Duration
as of 29/Nov/2024
6.08
Effective Duration
as of 29/Nov/2024
6.01
WAL to Worst
as of 29/Nov/2024
7.76

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31/Oct/2024)
Analyst-Driven % as of 31/Oct/2024
10.00
Data Coverage % as of 31/Oct/2024
55.00

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
TREASURY NOTE 4.125 10/31/2026 0.92
UMBS 30YR TBA(REG A) 0.82
KFW MTN RegS 1.25 06/30/2027 0.49
EUROPEAN STABILITY MECHANISM MTN RegS 2.375 09/30/2027 0.47
FHLMC 30YR UMBS 0.43
Name Weight (%)
EUROPEAN UNION MTN RegS 1.25 04/04/2033 0.40
EUROPEAN FINANCIAL STABILITY FACIL MTN RegS 3.375 08/30/2038 0.40
EUROPEAN INVESTMENT BANK RegS 0.05 10/13/2034 0.38
EUROPEAN UNION RegS 2.75 02/04/2033 0.38
TREASURY NOTE 3.5 09/30/2026 0.37
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class C Dist USD Quarterly 9.17 -0.01 -0.10 09/Dec/2024 9.26 8.69 IE00BN782S95
Class NC Dist USD Quarterly 8.94 -0.01 -0.10 09/Dec/2024 9.33 8.48 IE0001JHUA13
Class C Dist GBP Quarterly 8.97 -0.01 -0.10 09/Dec/2024 9.06 8.51 IE00BMYCBC46
Class C Dist EUR Quarterly 8.69 -0.01 -0.10 09/Dec/2024 8.82 8.33 IE00BMYCB914

Portfolio Managers

Portfolio Managers

Julian Steeds
Julian Steeds
Liam Davis
Liam Davis
Zoe Reicht
Zoe Reicht
Stanislava Vrabcheva
Stanislava Vrabcheva
MAS Core PM EMEA CPS Group
MAS Core PM EMEA CPS Group
MASS Core PM EMEA - Wealth
MASS Core PM EMEA - Wealth

Literature

Literature