Equity

BlackRock Natural Resources 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.

The value of your investment and the income from it will vary and your initial investment amount is not guaranteed.


Compared to more established economies, the value of investments in Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. Investments in smaller company shares can be more unpredictable and less liquid than those of larger company shares.

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

The Fund may make distributions from capital as well as income or pursue certain investment strategies in order to generate income. This may increase the income but can reduce capital and the potential for long-term capital growth. Investments in the natural resources securities are subject to environmental concerns, taxes, government regulation, price and supply fluctuations.
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Performance

Performance

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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 1 years.

  2019 2020 2021 2022 2023
Total Return (%) -6.6
Constraint Benchmark 1 (%) -2.4

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

  1y 3y 5y 10y Incept.
6.87 - - - -2.18
Constraint Benchmark 1 (%) 1.41 - - - -3.02
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.88 1.90 2.16 -1.34 6.87 - - - -5.32
Constraint Benchmark 1 (%) -1.64 0.39 0.15 -6.15 1.41 - - - -7.32
  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

- - - 5.99 -2.54
Constraint Benchmark 1 (%)

as of 30/Sept/2024

- - - 7.01 -2.62

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 13/Dec/2024
GBP 240,853,297
Fund Launch Date
06/May/2011
Fund Base Currency
GBP
Constraint Benchmark 1
S&P Global Natural Resources Index
Initial Charge
5.00%
Management Fee
0.67%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLKNRGS
Ongoing Charges Figure ex. Discount
0.74%
Share Class launch date
08/Jun/2022
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
-
Ongoing Charges Figures
0.73%
ISIN
GB00BN090X04
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BN090X0
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
43
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 29/Nov/2024
15.03
12 Month Trailing Dividend Distribution Yield
as of 30/Nov/2024
2.40
3y Beta
as of -
-
P/B Ratio
as of 29/Nov/2024
1.79

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

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
SHELL PLC 8.00
EXXON MOBIL CORP 7.31
SMURFIT WESTROCK PLC 4.23
TOTALENERGIES SE 4.20
PACKAGING CORP OF AMERICA 4.17
Name Weight (%)
GLENCORE PLC 3.89
ANGLO AMERICAN PLC 3.84
WHEATON PRECIOUS METALS CORP 3.72
NUTRIEN LTD 3.64
RIO TINTO PLC 3.52
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
Sorry, geographic exposures are not available at this time.
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 Bid Price Offer Price ISIN
Class S GBP 0.87 0.87 GB00BN090X04
Class S GBP 0.93 0.93 GB00BN090W96
Class X GBP 1.33 1.33 GB00B8DZKK73
Class D GBP 1.91 1.92 GB00B6865B79
Class A GBP 1.74 1.74 GB00B3ZLCR97
Class A GBP 1.16 1.16 GB00B3NP2M84
Class D GBP 1.26 1.26 GB00B46KYQ57

Portfolio Managers

Portfolio Managers

Alastair Bishop
Alastair Bishop
Tom Holl
Tom Holl

Literature

Literature