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 fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may make distributions from capital as well as income or pursue certain investment strategies in order to generate income. Whilst this might allow more income to be distributed, it may also have the effect of reducing capital and the potential for long-term capital growth. Investors in this Fund should understand that capital growth is not a priority and values may fluctuate and the level of income may vary from time to time and is not guaranteed. The Fund utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The strategies utilised by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. The use of covered call options in the fund will usually provide some limited protection to investors when stockmarkets are falling, but may also result in a lower return in a rising market, when compared to the benchmark The fund invests in a limited number of market sectors. Compared to investments which spread investment risk through investing in a variety of sectors, share price movements may have a greater effect on the overall value of this fund. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. The fund can invest in mining shares which 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. Optional - The Fund does not hold physical gold or other commodities.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
To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.
Performance
Performance
Chart
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Returns
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 (%) | 11.7 | 0.1 | 27.7 | 12.8 | -4.7 | |||||
Constraint Benchmark 1 (%) | 17.2 | 0.7 | 25.2 | 10.3 | 4.1 |
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 (%) | 3.68 | 4.42 | 7.77 | - | 4.61 |
Constraint Benchmark 1 (%) | 2.43 | 6.67 | 8.63 | - | - |
YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
---|---|---|---|---|---|---|---|---|---|
Total Return (%) | 1.07 | 0.00 | -1.56 | -3.08 | 3.68 | 13.86 | 45.38 | - | 32.30 |
Constraint Benchmark 1 (%) | -1.38 | -0.68 | -2.99 | -6.03 | 2.43 | 21.38 | 51.27 | - | - |
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 |
-13.27 | 44.73 | 5.06 | 12.17 | 2.56 |
Constraint Benchmark 1 (%)
as of 30/Sept/2024 |
-9.53 | 42.23 | 1.00 | 17.78 | 7.65 |
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 EUR, 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
Portfolio Characteristics
Portfolio Characteristics
ESG Integration
ESG Integration
Risk Indicator
Risk Indicator
Ratings
Holdings
Holdings
Name | Weight (%) |
---|---|
SHELL PLC | 8.01 |
EXXON MOBIL CORP | 7.36 |
SMURFIT WESTROCK PLC | 4.31 |
TOTALENERGIES SE | 4.22 |
PACKAGING CORP OF AMERICA | 4.21 |
Name | Weight (%) |
---|---|
GLENCORE PLC | 3.94 |
ANGLO AMERICAN PLC | 3.89 |
WHEATON PRECIOUS METALS CORP | 3.75 |
NUTRIEN LTD | 3.69 |
RIO TINTO PLC | 3.58 |
Exposure Breakdowns
Exposure Breakdowns
Pricing & Exchange
Pricing & Exchange
Investor Class | Currency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
---|---|---|---|---|---|---|---|---|
Class A2 Hedged | EUR | 13.04 | -0.15 | -1.14 | 06/Dec/2024 | 13.91 | 11.93 | LU1864666240 |
Class A5G | USD | 8.29 | -0.09 | -1.07 | 06/Dec/2024 | 8.88 | 7.64 | LU0612318971 |
Class S3G Hedged | GBP | 9.60 | -0.11 | -1.13 | 06/Dec/2024 | 10.27 | 8.84 | LU2605896955 |
Class D2 | EUR | 10.35 | -0.12 | -1.15 | 06/Dec/2024 | 10.76 | 9.08 | LU0612325679 |
Class S2 Hedged | GBP | 10.09 | -0.12 | -1.18 | 06/Dec/2024 | 10.66 | 9.06 | LU2605896872 |
Class A4G | USD | 8.59 | -0.10 | -1.15 | 06/Dec/2024 | 9.34 | 7.98 | LU0654597011 |
Class I4G | USD | 12.75 | -0.14 | -1.09 | 06/Dec/2024 | 13.78 | 11.74 | LU1808491572 |
Class S5G | EUR | 9.98 | -0.10 | -0.99 | 06/Dec/2024 | 10.47 | 8.94 | LU2527846161 |
Class S2 | EUR | 10.61 | -0.11 | -1.03 | 06/Dec/2024 | 11.02 | 9.29 | LU2527846088 |
Class A2 | USD | 13.13 | -0.15 | -1.13 | 06/Dec/2024 | 13.89 | 11.85 | LU0612318385 |
Class D2 Hedged | EUR | 13.65 | -0.16 | -1.16 | 06/Dec/2024 | 14.50 | 12.41 | LU1864666323 |
Class A3G | USD | 13.86 | -0.15 | -1.07 | 06/Dec/2024 | 14.87 | 12.82 | LU1430597077 |
Class S2 | USD | 11.21 | -0.13 | -1.15 | 06/Dec/2024 | 11.84 | 10.05 | LU2527845866 |
Class S3G | GBP | 9.50 | -0.11 | -1.14 | 06/Dec/2024 | 10.33 | 8.83 | LU2605897177 |
Class A5G | EUR | 7.84 | -0.08 | -1.01 | 06/Dec/2024 | 8.28 | 7.07 | LU1142331880 |
Class S2 | GBP | 8.79 | -0.10 | -1.12 | 06/Dec/2024 | 9.38 | 7.95 | LU2605897094 |
Class S5G | USD | 10.55 | -0.12 | -1.12 | 06/Dec/2024 | 11.24 | 9.66 | LU2527845940 |