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.
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 10 years.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 13.1 | 1.3 | 3.1 | -0.1 | 0.7 | 6.6 | 4.8 | -3.7 | -18.5 | 6.7 |
| Benchmark (%) | 13.2 | 1.7 | 3.2 | 0.2 | 0.9 | 6.7 | 5.0 | -3.5 | -18.5 | 7.2 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
| 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 |
0.53 | -2.17 | -17.00 | -2.68 | 9.08 |
|
Benchmark (%)
as of 30/Sept/2024 |
0.66 | -1.82 | -17.13 | -2.22 | 9.28 |
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 6.97 | -4.40 | -2.89 | 0.12 | 1.15 |
| Benchmark (%) | 7.76 | -4.08 | -2.61 | 0.35 | 1.35 |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 0.43 | -1.39 | 0.29 | 2.58 | 6.97 | -12.63 | -13.64 | 1.18 | 14.43 |
| Benchmark (%) | 0.97 | -1.00 | 0.68 | 3.04 | 7.76 | -11.75 | -12.38 | 3.56 | 17.07 |
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 EUR.
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
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.
The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodologies behind Sustainability Characteristics using the links below.
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.
Risk Indicator
Risk Indicator
Ratings
Ratings
Morningstar Medalist Rating
Holdings
Holdings
| Name | Weight (%) |
|---|---|
| FRANCE (REPUBLIC OF) 2.5 05/25/2030 | 0.90 |
| FRANCE (REPUBLIC OF) 2.75 10/25/2027 | 0.88 |
| FRANCE (REPUBLIC OF) 0.75 05/25/2028 | 0.85 |
| FRANCE (REPUBLIC OF) 1.5 05/25/2031 | 0.84 |
| FRANCE (REPUBLIC OF) 0.75 11/25/2028 | 0.77 |
| Name | Weight (%) |
|---|---|
| FRANCE (REPUBLIC OF) 0 11/25/2031 | 0.75 |
| FRANCE (REPUBLIC OF) 2.75 02/25/2029 | 0.73 |
| FRANCE (REPUBLIC OF) 3.5 11/25/2033 | 0.72 |
| FRANCE (REPUBLIC OF) 1.25 05/25/2034 | 0.72 |
| FRANCE (REPUBLIC OF) 0.5 05/25/2029 | 0.72 |
Exposure Breakdowns
Exposure Breakdowns
Pricing & Exchange
Pricing & Exchange
| Investor Class | Currency | Distribution Frequency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
|---|---|---|---|---|---|---|---|---|---|
| Class D2 | EUR | None | 115.76 | 0.27 | 0.23 | 22/Nov/2024 | 116.75 | 108.56 | LU0839964631 |
| Class X2 | EUR | None | 121.18 | 0.29 | 0.24 | 22/Nov/2024 | 122.19 | 113.49 | LU0826454976 |
| Class N7 | EUR | Semi-Annual | 103.77 | 0.24 | 0.23 | 22/Nov/2024 | 104.93 | 99.18 | LU0852473791 |
| Class F2 | EUR | None | 118.53 | 0.28 | 0.24 | 22/Nov/2024 | 119.55 | 111.21 | LU0836516103 |
| Class A2 | EUR | None | 114.33 | 0.27 | 0.24 | 22/Nov/2024 | 115.36 | 107.59 | LU0836513266 |
| Class N2 | EUR | None | 118.96 | 0.28 | 0.24 | 22/Nov/2024 | 119.97 | 111.58 | LU0839963237 |
Portfolio Managers
Portfolio Managers
Missing portfolio manager contentPRIIPs Performance Scenarios
PRIIPs Performance Scenarios
| Scenario |
If you exit after 1 year
|
If you exit after 3 years
|
|
|---|---|---|---|
|
Minimum
There is no minimum guaranteed return. You could lose some or all of your investment.
|
|||
|
Stress
What you might get back after costs
Average return each year
|
7’740 EUR
-22.6%
|
7’030 EUR
-11.1%
|
|
|
Unfavourable
What you might get back after costs
Average return each year
|
7’740 EUR
-22.6%
|
7’480 EUR
-9.2%
|
|
|
Moderate
What you might get back after costs
Average return each year
|
9’580 EUR
-4.2%
|
9’780 EUR
-0.7%
|
|
|
Favourable
What you might get back after costs
Average return each year
|
10’610 EUR
6.1%
|
10’690 EUR
2.2%
|
|
The stress scenario shows what you might get back in extreme market circumstances.