Performance
Performance
Growth of Hypothetical $10,000
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Distributions
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Returns
Performance data is not currently available
Performance data is not currently available
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Key Facts
Key Facts
Size of Fund (Millions)
$1,157.3 M
Share Class launch date
Jan 25, 2018
Size of Class (Millions)
$142.5 M
Benchmark Index
Bloomberg Commodity Index Total Return
Number of Holdings
as of May 31, 2023
145
CUSIP
09258N273
Max Offer Price
as of Jun 06, 2023
$8.91
Open to New Investors
No
Turnover Percent in the Annual Report
91%
Portfolio Characteristics
Portfolio Characteristics
Best 3-Month Return Over the Last 3 Years
3 months ending Mar 31, 2022
20.07%
Worst 3-Month Return Over the Last 3 Years
3 months ending Aug 31, 2022
-10.26%
R-Squared (3y)
as of May 31, 2023
82.21
Fund Standard Deviation (3y)
as of May 31, 2023
16.64
Beta (3y)
as of May 31, 2023
0.93
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.
ESG Integration
ESG Integration
ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.
The Fund manager considers ESG criteria in combination with other information during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from third-party vendors, as well as internal engagement commentary and site visits and input from BlackRock Investment Stewardship. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.
Ratings
Ratings
Top Holdings
Holdings
Top Equity Holdings as of 31-March-2023
| Name | Fund Weight (%) |
|---|---|
| EXXON MOBIL CORP | 3.50% |
| SHELL PLC | 1.96% |
| BHP GROUP LTD | 1.57% |
| TOTALENERGIES SE | 1.34% |
| FRANCO-NEVADA CORP | 1.29% |
| WHEATON PRECIOUS METALS CORP | 1.26% |
| CONOCOPHILLIPS | 1.21% |
| BP PLC | 1.20% |
| VALE SA | 1.15% |
| BARRICK GOLD CORP | 1.08% |
*% of Market Value
Exposure Breakdowns
Exposure Breakdowns
Sectors as of 31-March-2023
| Name | Equity Exposure | Commodity Index Related Instruments* | Total | Benchmark |
|---|---|---|---|---|
| Energy | 18.45% | 13.07% | 31.52% | 28.33% |
| Agriculture | 9.65% | 18.59% | 28.23% | 35.44% |
| Industrial Metals | 15.98% | 6.79% | 22.77% | 15.68% |
| Precious Metals | 6.29% | 11.19% | 17.48% | 20.54% |
| TOTAL | 50.37% | 49.63% | 100.00% | 100.00% |
*this column reflects the sector exposures of the Bloomberg Commodity Benchmark. Please note that in practice, exposures may differ slightly due to enhanced index techniques.
% of Market Value
Exposure Breakdowns
Exposure Breakdowns
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.
Portfolio Managers
Portfolio Managers
Alastair Bishop
Hannah Johnson
Portfolio Manager
