Equity

BINFX

BlackRock Infrastructure Sustainable Opportunities Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y Incept.
10.12 - - - -0.73
Benchmark (%) 2.23 - - - 1.65
Morningstar Category Avg. (%) 4.88 - - - -
Lipper Ranking 9/98 - - - -
Lipper Quartile 1 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
10.12 5.26 15.65 10.12 - - - -1.64
Benchmark (%) 2.23 3.52 11.27 2.23 - - - 3.75
Morningstar Category Avg. (%) 4.88 4.67 11.45 4.88 - - - -
  2019 2020 2021 2022 2023
Total Return (%) - - - -15.57 10.12
Benchmark (%) - - - -5.79 2.23
Morningstar Category Avg. (%) - - - -8.59 4.88

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 Class (Millions) as of Feb 28, 2024 $0.1 M
Size of Fund (Millions) $8.6 M
Share Class launch date Sep 30, 2021
Asset Class Equity
Morningstar Category Infrastructure
Lipper Classification Global Infrastructure
Benchmark Index FTSE Developed Core Infrastructure 50/50 Net Tax Index
CUSIP 09261A409
Distribution Frequency Annual
Number of Holdings as of Jan 31, 2024 39
Max Offer Price as of Feb 28, 2024 $8.47
Open to New Investors Yes
Turnover Percent in the Annual Report as of May 31, 2023 104%

Portfolio Characteristics

Portfolio Characteristics

P/CF Ratio as of Jan 31, 2024 8.89
P/B Ratio as of Jan 31, 2024 2.11
Average Market Cap (Millions) $ 2,861,746,674.2 M
Alpha (3y) as of Jan 31, 2024 0.00
R-Squared (3y) as of Jan 31, 2024 0.00
Beta (3y) as of Jan 31, 2024 0.00
Fund Standard Deviation (3y) as of Jan 31, 2024 0.00
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund seeks to follow a sustainable, impact or ESG investment strategy, as disclosed in its prospectus. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Feb 21, 2024 AA
MSCI ESG % Coverage as of Feb 21, 2024 98.69%
MSCI ESG Quality Score (0-10) as of Feb 21, 2024 8.2
MSCI ESG Quality Score - Peer Percentile as of Feb 21, 2024 99.62%
Fund Lipper Global Classification as of Feb 21, 2024 Equity Theme - Infrastructure
Funds in Peer Group as of Feb 21, 2024 260
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 21, 2024 277.98
MSCI Weighted Average Carbon Intensity % Coverage as of Feb 21, 2024 94.70%
All data is from MSCI ESG Fund Ratings as of Feb 21, 2024, based on holdings as of Aug 31, 2023. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of - -
MSCI - UN Global Compact Violators as of - -
MSCI - Nuclear Weapons as of - -
MSCI - Thermal Coal as of - -
MSCI - Civilian Firearms as of - -
MSCI - Oil Sands as of - -
MSCI - Tobacco as of - -

Business Involvement Coverage as of - -
Percentage of Fund not covered as of - -
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal -% and for Oil Sands -%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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 includes ESG considerations in the initial screening, sourcing and due diligence phases of the investment process. This may include the use of internal ESG due diligence templates to identify, analyze and document key ESG risks, and the use of thematic environmental, social and governance information sourced from both primary sources and third-party data providers, where available. Where appropriate, identified material ESG risks are included in Investment Committee materials and discussed at relevant Investment Committee meetings. This information may broadly inform investment decisions: ESG criteria are considered in combination with other information. The Fund manager also considers environmental, social and governance criteria during post-investment monitoring and conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include the analysis and discussion of portfolio exposure to material ESG risks, where appropriate.

Fees

Fees

as of current prospectus
Gross Expense Ratio 3.87%
Net Expense Ratio 1.00%

Net Expense Ratio excluding Investment Related Expenses is 1.00%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Holdings

Holdings

Sorry, top holdings are not available at this time.
Name Weight (%) Shares Market Value
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

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Sorry, countries/regions are not available at this time.
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Sorry, market cap data is not available at this time.
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

Nikhil Uppal

 

Nikhil Uppal, CFA, Director, is the Head of Listed Infrastructure Strategies within the Global Real Asset Securities Group.

 

Balfe Morrison
Balfe Morrison
Portfolio Manager

Literature

Literature

 

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