BlackRock Gold and General Class D Acc
Report And Accounts
Simplified Prospectus / KIID
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 | 63.5% | -3.0% | 3.8% | -1.6% | 1.6% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 1.3% | 10.5% | 6.5% | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| BARRICK GOLD CORPORATION | 7.54 |
| AGNICO EAGLE MINES LTD | 7.11 |
| NORTHERN STAR RESOURCES LTD | 6.21 |
| ENDEAVOUR MINING | 5.91 |
| WHEATON PRECIOUS METALS CORP. | 5.46 |
| ALAMOS GOLD | 4.81 |
| NEWMONT CORPORATION | 3.86 |
| ANGLOGOLD ASHANTI | 3.63 |
| PAN AMERICAN SILVER CORP. | 3.50 |
| GOLD FIELDS | 3.40 |
| Total | 51.43 |
Fund Aims
BlackRock Gold and General Fund seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. The Fund may also invest in other transferable securities and units in collective investment schemes.Derivatives may also be used for the purposes of efficient portfolio management.
Fund Manager
Thomas Holl, Vice President and portfolio manager, is a member of the Natural Resources team within BlackRock's EMEA Fundamental Equity Portfolio Management Group. He is responsible for covering the mining and gold sectors.
Mr. Holl moved to his current role in 2008. His service with the firm dates back to 2006, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Holl was a member of the Global Equity team and the Real Estate team as a member of the graduate training program.
Mr. Holl earned a BA degree, with honors, in Land Economy from Cambridge University in 2006.
Evy Hambro , Managing Director, is the joint Chief Investment Officer of BlackRock's Natural Resources Equity team. He is responsible for the management of BGF World Mining, BGF World Gold, BlackRock Gold and General Fund and BlackRock World Mining Trust. He is also co-manager of BlackRock's Natural Resources Hedge Fund and manger of a number of segregated portfolios.
Mr. Hambro's service with the firm dates back to 1994, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006.
Mr. Hambro earned a BSc degree, with honours, in marketing, from Newcastle University in 1994.
Fund Overview
| Bid (03/05/2024) | 1376.77p |
| Offer (03/05/2024) | 1386.55p |
| Historic yield | 1.09% |
| Fund size (29/02/2024) | £774.97m |
| Number of holdings | 47 |
| Entry Charge | 0.00% |
| Ongoing Charges | 1.16% |
| Launch date | 01/07/2009 |
Asset Allocation
| International Equities | 84.06% | |
| UK Equities | 9.98% | |
| Commodities | 3.74% | |
| Alternative Trading Strategies | 1.49% | |
| Cash and Equivalents | 0.13% | |
| Other Assets | 0.61% |
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 | 84.06% | |
| UK Equities | 9.98% | |
| Commodities | 3.74% | |
| Alternative Trading Strategies | 1.49% | |
| Cash and Equivalents | 0.13% | |
| Other Assets | 0.61% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Basic Materials | 94.03% | - | - | - | |
| Basic Resources | - | 94.03% | - | - | |
| Precious Metals & Mining | - | - | 86.59% | - | |
| Gold Mining | - | - | - | 81.11% | |
| Platinum & Precious Metals | - | - | - | 5.47% | |
| Industrial Metals & Mining | - | - | 7.44% | - | |
| General Mining | - | - | - | 4.74% | |
| Copper | - | - | - | 2.71% | |
| Commodities | 3.74% | - | - | - | |
| Commodities | - | 3.74% | - | - | |
| Commodities | - | - | 3.74% | - | |
| Commodities | - | - | - | 3.74% | |
| Alternative Trading Strategies | 1.49% | - | - | - | |
| Alternative Trading Strategies | - | 1.49% | - | - | |
| Alternative Trading Strategies | - | - | 1.49% | - | |
| Alternative Trading Strategies | - | - | - | 1.49% | |
| Non-Classified | 0.61% | - | - | - | |
| Non-Classified | - | 0.61% | - | - | |
| Non-Classified | - | - | 0.61% | - | |
| Non-Classified | - | - | - | 0.61% | |
| Cash and Equivalents | 0.13% | - | - | - | |
| Bonds | 0.00% | - | - | - | |
Regional Allocation
| North America | 67.12% | |
| Australia & New Zealand | 12.64% | |
| UK | 9.98% | |
| Middle East & Africa | 4.37% | |
| Commodities | 3.74% | |
| Non-Classified | 2.02% | |
| Cash and Equivalents | 0.13% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.92% | |
| Cash | 0.08% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 67.12% | - | |
Canada
|
- | 58.13% | |
United States
|
- | 8.99% | |
| Australia & New Zealand | 12.64% | - | |
Australia
|
- | 12.64% | |
| UK | 9.98% | - | |
United Kingdom
|
- | 9.98% | |
Jersey
|
- | 0.00% | |
| Middle East & Africa | 4.37% | - | |
South Africa
|
- | 4.37% | |
| Commodities | 3.74% | - | |
| Non-Classified | 2.02% | - | |
| Cash and Equivalents | 0.13% | - | |
Breakdown By Market Cap (%)
| Mega |
|
7.54% |
| Large |
|
28.62% |
| Medium |
|
30.33% |
| Small |
|
17.29% |
| Micro |
|
0.74% |
| Non-Classified |
|
15.36% |
| Cash |
|
0.13% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BARRICK GOLD CORPORATION | 7.54% | Precious Metals & Mining | Canada |
| 2 | AGNICO EAGLE MINES LTD | 7.11% | Precious Metals & Mining | Canada |
| 3 | NORTHERN STAR RESOURCES LTD | 6.21% | Precious Metals & Mining | Australia |
| 4 | ENDEAVOUR MINING | 5.91% | Precious Metals & Mining | United Kingdom |
| 5 | WHEATON PRECIOUS METALS CORP. | 5.46% | Precious Metals & Mining | Canada |
| 6 | ALAMOS GOLD | 4.81% | Precious Metals & Mining | Canada |
| 7 | NEWMONT CORPORATION | 3.86% | Precious Metals & Mining | United States |
| 8 | ANGLOGOLD ASHANTI | 3.63% | Precious Metals & Mining | United Kingdom |
| 9 | PAN AMERICAN SILVER CORP. | 3.50% | Precious Metals & Mining | Canada |
| 10 | GOLD FIELDS | 3.40% | Precious Metals & Mining | South Africa |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Basic Materials | 9.98% | 84.05% | - | - | - | - | - | - | 94.03% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.13% | 0.13% |
| Bonds | - | - | - | - | - | - | - | - | - |
| Non-Classified | - | - | - | - | - | - | 5.84% | - | 5.84% |
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 | B5ZNJ89 |
| Mex Code | MYBLKG |
| Isin Code | GB00B5ZNJ896 |
| Citi Code | FMP2 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 1.16% |
Aims and Benchmark
| Aims | BlackRock Gold and General Fund seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. The Fund may also invest in other transferable securities and units in collective investment schemes.Derivatives may also be used for the purposes of efficient portfolio management. |
| Benchmark | FTSE Gold Mining Index - GBP Price |
| Benchmark Category | - |
| IA Sector | Specialist |
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 | 2.17 |
| Beta | 1.89 |
| Sharpe | -0.01 |
| Standard Deviation | 27.60 |
| Info Ratio | 0.00 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| 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 | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
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.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
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.