BlackRock Continental European Class D Inc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | 6.0% | 47.1% | -2.6% | 11.0% | 15.0% |
| Sector | -7.2% | 35.5% | -2.6% | 10.9% | 9.3% |
| Rank | 4/127 | 11/129 | 85/134 | 70/141 | 14/142 |
| Quartile | 1 | 1 | 3 | 2 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 7.5% | 14.2% | 11.9% | |
| Sector | 5.7% | 8.2% | 7.8% | |
| Rank | 45/134 | 2/127 | 4/97 | |
| Quartile | 2 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASML HOLDING N.V. | 9.38 |
| NOVO NORDISK A/S | 9.34 |
| VMH MOET HENNESSY LOUIS VUITTON | 8.12 |
| BE SEMICONDUCTOR INDUSTRIES N.V. | 4.85 |
| HERMES INTERNATIONAL | 4.81 |
| RELX | 4.51 |
| FERRARI NV | 4.48 |
| PARTNERS GROUP HOLDING | 4.36 |
| MASTERCARD INCORPORATED | 4.04 |
| ASM INTERNATIONAL NV | 4.02 |
| Total | 57.93 |
Fund Aims
The aim of the BlackRock Continental European Fund is to achieve long-term capital growth for investors. The Fund invests primarily in the shares of companies incorporated or listed in Europe excluding the UK. Typically these will be larger companies. The Fund may also invest in collective investment schemes.
Fund Manager
Giles Rothbarth, CFA, Vice President and research analyst, is a member of the European Equity team within the Fundamental Equity division of BlackRock’s Active Equity Group. He is responsible for European Banks.
Prior to his current role, he worked with the UK Specialist Team with responsibility for the utilities and the oil & gas sectors. Mr Rothbarth joined Blackrock in 2010, following a BA (Hons) degree in Philosophy, Politics & Economics from Oxford University, from which he graduated the same year.
Stefan Gries, Director, is the co-portfolio manager of Continental European funds and European Absolute Return portfolios.
He is a member of the European Equity team within the Fundamental Equity division of BlackRock’s Active Equity Group.
Prior to joining Blackrock in 2008, Mr Gries spent 2 years at Scottish Widows Investment Partnership where he completed a 2 year graduate program.
Since joining BlackRock, he has worked both as a portfolio manager and as an analyst covering, at various times, energy, pharmaceuticals and insurance on behalf of the European Equity team. Mr Gries earned an MA in Economics & Spanish from the University of St. Andrews in 2005.
Fund Overview
| Bid (03/05/2024) | 3956.87p |
| Offer (03/05/2024) | 3964.46p |
| Historic yield | 0.27% |
| Fund size (29/02/2024) | £1246.19m |
| Number of holdings | 29 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
| Launch date | 10/10/2012 |
Asset Allocation
| International Equities | 94.71% | |
| UK Equities | 4.60% | |
| Alternative Trading Strategies | 0.43% | |
| Cash and Equivalents | 0.26% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 94.71% | |
| UK Equities | 4.60% | |
| Alternative Trading Strategies | 0.43% | |
| Cash and Equivalents | 0.26% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 26.87% | - | - | - | |
| Industrial Goods & Services | - | 21.27% | - | - | |
| Industrial Support Services | - | - | 6.52% | - | |
| Transaction Processing Services | - | - | - | 6.52% | |
| Industrial Engineering | - | - | 4.23% | - | |
| Machinery: Construction & Handling | - | - | - | 4.23% | |
| Aerospace & Defence | - | - | 3.89% | - | |
| Aerospace | - | - | - | 3.89% | |
| Electronic & Electrical Equipment | - | - | 3.47% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 1.85% | |
| Electronic Equipment: Other | - | - | - | 1.62% | |
| Industrial Transportation | - | - | 3.17% | - | |
| Transportation Services | - | - | - | 3.17% | |
| Construction & Materials | - | 5.60% | - | - | |
| Construction & Materials | - | - | 5.60% | - | |
| Building Materials: Other | - | - | - | 4.75% | |
| Building: Climate Control | - | - | - | 0.85% | |
| Technology | 22.95% | - | - | - | |
| Technology | - | 22.95% | - | - | |
| Technology Hardware & Equipment | - | - | 20.72% | - | |
| Production Technology Equipment | - | - | - | 13.41% | |
| Semiconductors | - | - | - | 7.31% | |
| Software & Computer Services | - | - | 2.23% | - | |
| Software | - | - | - | 2.23% | |
| Consumer Discretionary | 21.92% | - | - | - | |
| Consumer Products & Services | - | 12.93% | - | - | |
| Personal Goods | - | - | 12.93% | - | |
| Clothing & Accessories | - | - | - | 12.93% | |
| Media | - | 4.51% | - | - | |
| Media | - | - | 4.51% | - | |
| Publishing | - | - | - | 4.51% | |
| Automobiles & Parts | - | 4.48% | - | - | |
| Automobiles & Parts | - | - | 4.48% | - | |
| Automobiles | - | - | - | 4.48% | |
| Health Care | 17.37% | - | - | - | |
| Health Care | - | 17.37% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 11.96% | - | |
| Pharmaceuticals | - | - | - | 9.34% | |
| Biotechnology | - | - | - | 2.62% | |
| Medical Equipment & Services | - | - | 5.41% | - | |
| Medical Supplies | - | - | - | 2.94% | |
| Medical Equipment | - | - | - | 2.47% | |
| Basic Materials | 5.73% | - | - | - | |
| Chemicals | - | 5.73% | - | - | |
| Chemicals | - | - | 5.73% | - | |
| Chemicals: Diversified | - | - | - | 3.03% | |
| Specialty Chemicals | - | - | - | 2.71% | |
| Financials | 4.45% | - | - | - | |
| Financial Services | - | 4.45% | - | - | |
| Investment Banking & Brokerage Services | - | - | 4.36% | - | |
| Asset Managers & Custodians | - | - | - | 4.36% | |
| Finance & Credit Services | - | - | 0.09% | - | |
| Financial Data & Systems | - | - | - | 0.09% | |
| Alternative Trading Strategies | 0.43% | - | - | - | |
| Alternative Trading Strategies | - | 0.43% | - | - | |
| Alternative Trading Strategies | - | - | 0.43% | - | |
| Alternative Trading Strategies | - | - | - | 0.43% | |
| Cash and Equivalents | 0.26% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 90.67% | |
| UK | 4.60% | |
| North America | 4.04% | |
| Non-Classified | 0.43% | |
| Cash and Equivalents | 0.26% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.29% | |
| Cash | 0.99% | |
| Pound Sterling | 0.72% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 90.67% | - | |
Netherlands
|
- | 30.40% | |
France
|
- | 16.82% | |
Switzerland
|
- | 15.02% | |
Denmark
|
- | 14.98% | |
Sweden
|
- | 6.46% | |
Ireland
|
- | 5.38% | |
Germany
|
- | 1.62% | |
| UK | 4.60% | - | |
United Kingdom
|
- | 4.60% | |
| North America | 4.04% | - | |
United States
|
- | 4.04% | |
| Non-Classified | 0.43% | - | |
| Cash and Equivalents | 0.26% | - | |
Breakdown By Market Cap (%)
| Mega |
|
58.47% |
| Large |
|
17.73% |
| Medium |
|
0.94% |
| Small |
|
2.47% |
| Non-Classified |
|
20.13% |
| Cash |
|
0.26% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASML HOLDING N.V. | 9.38% | Technology Hardware & Equipment | Netherlands |
| 2 | NOVO NORDISK A/S | 9.34% | Pharmaceuticals & Biotechnology | Denmark |
| 3 | VMH MOET HENNESSY LOUIS VUITTON | 8.12% | Personal Goods | France |
| 4 | BE SEMICONDUCTOR INDUSTRIES N.V. | 4.85% | Technology Hardware & Equipment | Netherlands |
| 5 | HERMES INTERNATIONAL | 4.81% | Personal Goods | France |
| 6 | RELX | 4.51% | Media | United Kingdom |
| 7 | FERRARI NV | 4.48% | Automobiles & Parts | Netherlands |
| 8 | PARTNERS GROUP HOLDING | 4.36% | Investment Banking & Brokerage Services | Switzerland |
| 9 | MASTERCARD INCORPORATED | 4.04% | Industrial Support Services | United States |
| 10 | ASM INTERNATIONAL NV | 4.02% | Technology Hardware & Equipment | Netherlands |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 22.95% | - | - | - | - | - | - | 22.95% |
| Financials | 0.09% | 4.36% | - | - | - | - | - | - | 4.45% |
| Consumer Discretionary | 4.51% | 17.41% | - | - | - | - | - | - | 21.92% |
| Health Care | - | 17.37% | - | - | - | - | - | - | 17.37% |
| Industrials | - | 26.87% | - | - | - | - | - | - | 26.87% |
| Basic Materials | - | 5.73% | - | - | - | - | - | - | 5.73% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.26% | 0.26% |
| Non-Classified | - | - | - | - | - | - | 0.43% | - | 0.43% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B6YTYJ1 |
| Mex Code | MYDICG |
| Isin Code | GB00B6YTYJ18 |
| Citi Code | GU0C |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
Aims and Benchmark
| Aims | The aim of the BlackRock Continental European Fund is to achieve long-term capital growth for investors. The Fund invests primarily in the shares of companies incorporated or listed in Europe excluding the UK. Typically these will be larger companies. The Fund may also invest in collective investment schemes. |
| Benchmark | FTSE World Europe ex UK Net TR Index - in GBP |
| Benchmark Category | - |
| IA Sector | Europe Excluding UK |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 March | 30 April |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | BNY Mellon Trust & Depositary (UK) Ltd |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | The Bank of New York Mellon SA/NV |
Group Details
| Group name | BlackRock Investment Management (UK) Limited |
| Group address | 12 Throgmorton Avenue London EC2N 2DL |
| Group telephone | 08457 405 405 |
| Dealing telephone | 0800 445522 |
| broker.services@blackrock.com | |
| Homepage | www.blackrock.co.uk |
| Fax number | 020 7743 1135 |
Dealing
| Minimum Investment | £100000 |
| Minimum Top Up | £100 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 0.87 |
| Beta | 1.41 |
| Sharpe | 0.20 |
| Standard Deviation | 20.58 |
| Info Ratio | 0.21 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | Yes |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.