BlackRock World Mining Trust plc

About this investment trust

Growth
Income
Shares
Commodities

The Company aims to provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company’s investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.

Why choose it?

Mining stocks can help diversify a portfolio and provide income and capital growth. The Trust accesses a wide range of companies and can invest dynamically to include the best opportunities from the sector worldwide. Capital growth values may fluctuate and the level of income may vary from time to time and is not guaranteed. Diversification and asset allocation may not fully protect you from market risk.

Suited to…

Investors looking for capital growth and potential for income from exposure to commodities predominantly through mining shares.

Rated logo

Money Observer Award: As at 8 February 2019.
Awards/Ratings have not been superseded to date.

Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

What are the risks?

  • Capital is 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.
  • Overseas investment will be affected by movements in currency exchange rates.
  • Emerging market investments are usually associated with higher investment risk than developed market investments. Therefore the value of these investments may be unpredictable and subject to greater variation.
  • Investment strategies, such as borrowing, used by the Trust can result in even larger losses suffered when the value of the underlying investments fall.
  • Mining shares typically experience above average volatility when compared to other investments. Trends which occur within the general equity market may not be mirrored within mining securities.

Useful documents

To find out the latest information on the BlackRock World Mining Trust click on the links below.

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Performance & holdings snapshot

Price Chart:
The BlackRock World Mining Trust plc. Ordinary share price and cum fair Net Asset Value (NAV). Pence Sterling. Source Morningstar, updated daily for period selected. Time period can either be selected from options available, or on chart underneath (line is for illustration purposes only and does not reflect actual value). Price chart does not include ongoing charges, transaction fees or other expenses.

Net Asset Value (NAV) performance statistics are based on an NAV with income included with any income reinvested on the ex-dividend date, net of ongoing charges and any applicable performance fee.

Share price performance figures are calculated on a mid market basis in sterling terms with income reinvested on the ex-dividend date.

Net Asset Value (NAV) performance is not the same as share price performance, and shareholders may realise returns that are lower or higher than NAV performance.

Price/Trading Table:
The BlackRock World Mining Trust plc. Pound Sterling, Source Morningstar, updated every second day, excluding non-trading days.

Annual Performance:
The BlackRock World Mining Trust plc, benchmark (EMIX Global Mining TR GBP) and Morningstar Investment Trust Sector Specialist Commodities and Natural Resources Category. Pound Sterling. Source: Morningstar, as at last quarter end.

Last Reported Holdings
The BlackRock World Mining Trust plc. Source Morningstar, as at month end. The specific companies identified and described above do not represent all of the companies purchased or sold, and no assumptions should be made that the companies identified and discussed were or will be profitable. Allocations are as of the date shown and do not necessarily represent current or future portfolio holdings.

Capital is 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. The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Fund Manager Commentary

Portfolio manager biographies

Evy Hambro is co-manager of the BlackRock World Mining Trust plc, and is Global Head of Thematic and Sector Investing, as well as the Head of the Natural Resources Equity Team. He sits on the BlackRock Global Operating Committee and is a member of the Alpha Strategies Partner Group. He is also manager of a number of the team's portfolios covering the mining, gold and circular economy strategies. His service with the firm dates back to 1994, including his years with Mercury Asset Management and Merrill Lynch Investment Managers which merged with BlackRock in 2006. Evy has a degree in agricultural food marketing.

Olivia Markham is co-manager of the BlackRock World Mining Trust plc and is also manager of the BlackRock Energy and Resources Income Trust plc. As a member of the Natural Resources team, Olivia is responsible for coverage of the gold, mining and circular economy strategies and is involved in the management of a number of the team's portfolios. She joined BlackRock in 2011. Previously, she was head of the European Mining team at UBS with lead coverage of the UK diversified miners. She also spent four years working within the mergers and acquisitions team at BHP Billiton. Olivia has a degree in finance.

Useful Information

  1. Board of Directors
     
  2. Fees & charges
     
    Annual expenses as at Date
    31/12/19
    Ongoing charges (including any performance fee)
    1.02%
    Management Fee Summary
    BlackRock receives an annual management fee of 0.8% of the Company's net assets. However, in the event that the NAV per share increases on a quarter-on-quarter basis, the fee will be paid on gross assets for the quarter.
  3. Fund codes
     
  4. Fund management
     
  5. Key dates
     
  6. Key documents
     

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Telephone:
0207 743 3000