Equity

BlackRock US Mid-Cap Value Fund

  • Bid price as of 31/May/2024 GBP 2.02
  • Offer price as of 31/May/2024 GBP 2.02
  • Morningstar Rating

Overview

Investment Approach

The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund) over the long term (5 or more consecutive years beginning at the point of investment). The Fund invests at least 70% of its total assets in the equity securities (e.g. shares) of medium and smaller companies which are incorporated or listed on stock exchanges, in the United States. Small and medium companies are companies, which, at the time of purchase, form the bottom 30% of United States stock markets by market capitalisation. Market capitalisation is the share price of the company multiplied by the number of shares issued. The Fund has the flexibility to invest outside of the asset class and sector set out above.

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.


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

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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 6 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -4.0 25.7 3.6 30.2 8.2 6.4
Constraint Benchmark 1 (%) -4.2 23.9 13.6 26.3 -1.5 5.7

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

  1y 3y 5y 10y Incept.
Total Return (%) 13.77 9.52 12.28 - 10.79
Constraint Benchmark 1 (%) 13.82 6.66 10.46 - 9.84
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 5.70 -1.42 5.19 17.02 13.77 31.37 78.46 - 102.08
Constraint Benchmark 1 (%) 4.25 -4.41 6.06 16.88 13.82 21.36 64.43 - 90.49
  From
31-Mar-2019
To
31-Mar-2020		 From
31-Mar-2020
To
31-Mar-2021		 From
31-Mar-2021
To
31-Mar-2022		 From
31-Mar-2022
To
31-Mar-2023		 From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

-12.18 58.91 20.71 -2.15 16.86
Constraint Benchmark 1 (%)

as of 31/Mar/2024

-16.10 60.66 17.50 -3.94 17.12

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 31/May/2024
GBP 124,962,179
Fund Launch Date
08/May/1987
Fund Base Currency
GBP
Constraint Benchmark 1
Russell Midcap® Value Index
Initial Charge
0.00%
ISIN
GB00BF029Q96
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
BLBUOXG
Share Class launch date
19/Jun/2017
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
North America
Ongoing Charges Figures
0.04%
Annual Management Fee
0.00%
Minimum Initial Investment
GBP 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
US Mid-Cap Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BF029Q9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2024
112
3y Beta
as of 30/Apr/2024
0.664
P/B Ratio
as of 30/Apr/2024
1.68
Standard Deviation (3y)
as of 30/Apr/2024
11.30%
P/E Ratio
as of 30/Apr/2024
12.62

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 integrates ESG criteria into screening, company research and portfolio construction tools. The criteria may include data from multiple third-party ESG vendors, BlackRock internal scoring, internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. ESG criteria are considered in combination with other information. 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

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for BlackRock US Mid-Cap Value Fund, Class X, as of 31/May/2024 rated against 157 US Mid-Cap Equity Funds.

Holdings

Holdings

as of 30/Apr/2024
Name Weight (%)
LEIDOS HOLDINGS INC 2.55
FIRST CITIZENS BANCSHARES INC CLAS 2.36
GENERAL MOTORS 2.34
KRAFT HEINZ 2.22
L3HARRIS TECHNOLOGIES INC 2.22
Name Weight (%)
SS AND C TECHNOLOGIES HOLDINGS INC 2.19
WESTERN DIGITAL CORP 2.12
BAXTER INTERNATIONAL INC 2.04
CARDINAL HEALTH INC 1.97
FIDELITY NATIONAL INFORMATION SERV 1.91
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/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 2.02 2.02 GB00BF029Q96
Class D GBP 19.37 19.40 GB00B8GMZS88
Class D GBP 17.67 17.69 GB00B80S7M00
Class A GBP 17.54 17.56 GB0005811855
Class A GBP 16.90 16.92 GB0005811749

Portfolio Managers

Portfolio Managers

Tony DeSpirito
Tony DeSpirito
David Zhao
David Zhao

Literature

Literature