Equity

ACS Continental European Equity Tracker Fund

Overview

Investment Approach

The Fund is a sub-fund of BlackRock Authorised Contractual Scheme I taking the form of a co-ownership scheme. As a consequence of this, the Fund may be treated as tax transparent for the purpose of income and/or capital gains by relevant taxing jurisdictions. Each investor should take appropriate professional advice as to the tax treatment of their investment in the Fund. Investors in the Fund must be Eligible Investors as defined in the Fund’s prospectus and must have completed all relevant documentation prior to the purchase of units in the Fund. The Fund aims to provide a return on your investment (generated through an increase to the value of the assets held by the Fund and/or income received from those assets) by tracking closely the performance of the FTSE Developed Europe ex UK Custom ESG Screened Index, the Fund’s benchmark index (the “Benchmark Index”). The Fund invests in equity securities (e.g. shares) of companies that make up the Benchmark Index.

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.

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 5 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 21.2 9.0
Target Benchmark 1 (%) 21.2 9.2

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 (%) 15.46 - - - 5.30
Target Benchmark 1 (%) 15.97 - - - 5.55
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) -2.41 -0.41 -0.33 6.59 15.46 - - - 15.36
Target Benchmark 1 (%) -2.03 -0.20 -0.04 6.97 15.97 - - - 16.10
  From
31-Dec-2015
To
31-Dec-2016 		From
31-Dec-2016
To
31-Dec-2017 		From
31-Dec-2017
To
31-Dec-2018 		From
31-Dec-2018
To
31-Dec-2019 		From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of 31/Dec/2020

- - - 21.21 9.00
Target Benchmark 1 (%)

as of 31/Dec/2020

- - - 21.24 9.23

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/Oct/2024
GBP 924,528,460
Fund Launch Date
15/May/2017
Fund Base Currency
GBP
Target Benchmark 1
FTSE Developed Europe ex UK Custom ESG Screened Index
Initial Charge
0.00%
Management Fee
0.00%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
ACCX1CA
Share Class launch date
25/May/2018
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
-
Ongoing Charges Figures
0.02%
ISIN
GB00BD71YD75
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Europe ex-UK Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BD71YD7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Sept/2024
406
3y Beta
as of -
-
P/B Ratio
as of 30/Sept/2024
2.19
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 30/Sept/2024
15.69

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 30/Sept/2024
Name Weight (%)
NOVO NORDISK CLASS B 4.19
ASML HOLDING NV 3.77
NESTLE SA 2.98
SAP 2.88
NOVARTIS AG 2.70
Name Weight (%)
ROCHE HOLDING PAR AG 2.56
LVMH 2.18
SIEMENS N AG 1.73
SCHNEIDER ELECTRIC 1.62
TOTALENERGIES 1.51
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Sept/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Sept/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Sept/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 Bid Price Offer Price ISIN
Class X1C GBP - - - GB00BD71YD75
Class X1G GBP - - - GB00BD71YJ38
Class X1I GBP - - - GB00BD71YL59
Class X1F GBP - - - GB00BD71YH14
Class X1J GBP - - - GB00BD71YM66
Class X1H GBP - - - GB00BD71YK43
Class X1L GBP - - - GB00BD71YP97
Class X1D GBP - - - GB00BD71YF99
Class X1K GBP - - - GB00BD71YN73
Class X1 GBP - - - GB00BYQLTD03
Class X1E GBP - - - GB00BD71YG07

Portfolio Managers

Portfolio Managers

Suzanne Henige
Suzanne Henige
Group Index Equity PM ESG EMEA
Group Index Equity PM ESG EMEA

Literature

Literature