BlackRock European Dynamic Class FD Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
31/03/25 to 31/03/26 |
|
|---|---|---|---|---|---|
| Fund | 4.7% | 2.5% | 17.8% | -5.9% | 8.5% |
| Sector | 4.2% | 6.5% | 12.3% | 0.9% | 12.1% |
| Rank | 58/131 | 114/136 | 21/137 | 123/138 | 94/140 |
| Quartile | 2 | 4 | 1 | 4 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/26 |
5 Years to 31/03/26 |
10 Years to 31/03/26 |
||
| Fund | 6.3% | 5.2% | 10.7% | |
| Sector | 8.3% | 7.1% | 8.7% | |
| Rank | 101/137 | 104/131 | 9/107 | |
| Quartile | 3 | 4 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASML HOLDING N.V. | 7.76 |
| SIEMENS ENERGY AG | 4.69 |
| SAFRAN | 4.24 |
| UNICREDIT SOCIETA' PER AZIONI | 3.86 |
| AIRBUS SE | 3.47 |
| ABN AMRO GROUP NV | 3.46 |
| AKTIEBOLAGET VOLVO | 3.11 |
| ENGIE | 3.02 |
| AIB GROUP PUBLIC LIMITED COMPANY | 2.72 |
| LLOYDS BANKING GROUP | 2.68 |
| Total | 39.01 |
Fund Aims
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 which we consider exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants. 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.
Alister Hibbert, Managing Director and portfolio manager, is a member of the European Equity team within the Fundamental Equity division of BlackRock's Portfolio Management Group. He has responsibility for continental European portfolio management, adopting a flexible style.
Mr. Hibbert joined BlackRock in 2008 from Scottish Widows Investment Partnership (SWIP), where he was an Investment Director, responsible for managing European portfolios. Prior to joining SWIP in 2005, Mr. Hibbert was with Oeschle International as a European equity portfolio manager. From 1994 to 2004, he was with Invesco Perpetual, initially as an economist before becoming a portfolio manager. Mr. Hibbert began his career as an auditor with Ernst and Young in 1992.
Mr. Hibbert earned a BSc degree in economics from Bristol University in 1992.
Fund Overview
| Bid (02/04/2026) | 339.51p |
| Offer (02/04/2026) | 357.19p |
| Historic yield | 0.95% |
| Fund size (28/02/2026) | £4960.19m |
| Number of holdings | 398 |
| Entry Charge | 5.00% |
| Ongoing Charges | 0.91% |
| Launch date | 07/12/2013 |
Asset Allocation
| International Equities | 92.69% | |
| Money Market | 4.58% | |
| UK Equities | 2.68% | |
| International Bonds | 0.65% | |
| Alternative Trading Strategies | 0.07% | |
| Cash and Equivalents | -0.66% |
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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 92.69% | |
| Money Market | 4.58% | |
| UK Equities | 2.68% | |
| International Bonds | 0.65% | |
| Alternative Trading Strategies | 0.07% | |
| Cash and Equivalents | -0.66% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 33.52% | - | - | - | |
| Industrial Goods & Services | - | 28.11% | - | - | |
| Aerospace & Defence | - | - | 14.39% | - | |
| Aerospace | - | - | - | 12.74% | |
| Defense | - | - | - | 1.65% | |
| Industrial Engineering | - | - | 4.71% | - | |
| Machinery: Industrial | - | - | - | 2.58% | |
| Machinery: Tools | - | - | - | 2.14% | |
| Electronic & Electrical Equipment | - | - | 4.46% | - | |
| Electrical Components | - | - | - | 4.46% | |
| Industrial Transportation | - | - | 3.11% | - | |
| Commercial Vehicles & Parts | - | - | - | 3.11% | |
| General Industrials | - | - | 1.23% | - | |
| Diversified Industrials | - | - | - | 1.23% | |
| Industrial Support Services | - | - | 0.22% | - | |
| Transaction Processing Services | - | - | - | 0.22% | |
| Construction & Materials | - | 5.41% | - | - | |
| Construction & Materials | - | - | 5.41% | - | |
| Engineering & Contracting Services | - | - | - | 2.04% | |
| Cement | - | - | - | 1.59% | |
| Building: Climate Control | - | - | - | 1.01% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.77% | |
| Financials | 23.15% | - | - | - | |
| Banks | - | 20.93% | - | - | |
| Banks | - | - | 20.93% | - | |
| Banks | - | - | - | 20.93% | |
| Insurance | - | 2.22% | - | - | |
| Non-life Insurance | - | - | 2.22% | - | |
| Reinsurance | - | - | - | 2.22% | |
| Technology | 15.74% | - | - | - | |
| Technology | - | 15.74% | - | - | |
| Technology Hardware & Equipment | - | - | 12.90% | - | |
| Production Technology Equipment | - | - | - | 10.41% | |
| Semiconductors | - | - | - | 2.48% | |
| Software & Computer Services | - | - | 2.84% | - | |
| Software | - | - | - | 2.56% | |
| Consumer Digital Services | - | - | - | 0.28% | |
| Health Care | 8.90% | - | - | - | |
| Health Care | - | 8.90% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 8.32% | - | |
| Pharmaceuticals | - | - | - | 6.89% | |
| Biotechnology | - | - | - | 1.44% | |
| Medical Equipment & Services | - | - | 0.57% | - | |
| Medical Equipment | - | - | - | 0.57% | |
| Energy | 6.14% | - | - | - | |
| Energy | - | 6.14% | - | - | |
| Renewable Energy | - | - | 6.14% | - | |
| Renewable Energy Equipment | - | - | - | 6.14% | |
| Consumer Discretionary | 4.91% | - | - | - | |
| Consumer Products & Services | - | 2.07% | - | - | |
| Personal Goods | - | - | 2.07% | - | |
| Luxury Items | - | - | - | 2.07% | |
| Retail | - | 1.86% | - | - | |
| Retailers | - | - | 1.86% | - | |
| Apparel Retailers | - | - | - | 1.86% | |
| Media | - | 0.98% | - | - | |
| Media | - | - | 0.98% | - | |
| Entertainment | - | - | - | 0.98% | |
| Cash and Equivalents | 3.92% | - | - | - | |
| Utilities | 3.02% | - | - | - | |
| Utilities | - | 3.02% | - | - | |
| Gas, Water & Multi-utilities | - | - | 3.02% | - | |
| Multi-Utilities | - | - | - | 3.02% | |
| Bonds | 0.65% | - | - | - | |
| Alternative Trading Strategies | 0.07% | - | - | - | |
| Alternative Trading Strategies | - | 0.07% | - | - | |
| Alternative Trading Strategies | - | - | 0.07% | - | |
| Alternative Trading Strategies | - | - | - | 0.07% | |
Regional Allocation
| Developed Europe - Excl UK | 92.69% | |
| Cash and Equivalents | 3.92% | |
| UK | 2.68% | |
| North America | 0.65% | |
| Non-Classified | 0.07% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.36% | |
| Cash | 0.45% | |
| Swedish Krona | 0.18% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 92.69% | - | |
Netherlands
|
- | 20.04% | |
Germany
|
- | 15.10% | |
France
|
- | 14.15% | |
Switzerland
|
- | 11.78% | |
Sweden
|
- | 7.76% | |
Italy
|
- | 6.68% | |
Spain
|
- | 4.07% | |
Ireland
|
- | 2.72% | |
Belgium
|
- | 2.71% | |
Finland
|
- | 2.58% | |
Denmark
|
- | 2.03% | |
Austria
|
- | 1.84% | |
Norway
|
- | 1.23% | |
| Cash and Equivalents | 3.92% | - | |
| UK | 2.68% | - | |
United Kingdom
|
- | 2.68% | |
| North America | 0.65% | - | |
United States
|
- | 0.65% | |
| Non-Classified | 0.07% | - | |
Asset Allocation
| DC fund size | 2.31% |
Breakdown By Market Cap (%)
| Mega |
|
58.35% |
| Large |
|
26.21% |
| Medium |
|
3.72% |
| Small |
|
0.57% |
| Non-Classified |
|
6.58% |
| Bonds |
|
0.65% |
| Cash |
|
3.92% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASML HOLDING N.V. | 7.76% | Technology Hardware & Equipment | Netherlands |
| 2 | SIEMENS ENERGY AG | 4.69% | Renewable Energy | Germany |
| 3 | SAFRAN | 4.24% | Aerospace & Defence | France |
| 4 | UNICREDIT SOCIETA' PER AZIONI | 3.86% | Banks | Italy |
| 5 | AIRBUS SE | 3.47% | Aerospace & Defence | Netherlands |
| 6 | ABN AMRO GROUP NV | 3.46% | Banks | Netherlands |
| 7 | AKTIEBOLAGET VOLVO | 3.11% | Industrial Transportation | Sweden |
| 8 | ENGIE | 3.02% | Gas, Water & Multi-utilities | France |
| 9 | AIB GROUP PUBLIC LIMITED COMPANY | 2.72% | Banks | Ireland |
| 10 | LLOYDS BANKING GROUP | 2.68% | Banks | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 15.74% | - | - | - | - | - | - | 15.74% |
| Financials | 2.68% | 20.46% | - | - | - | - | - | - | 23.15% |
| Consumer Discretionary | - | 4.91% | - | - | - | - | - | - | 4.91% |
| Energy | - | 6.14% | - | - | - | - | - | - | 6.14% |
| Utilities | - | 3.02% | - | - | - | - | - | - | 3.02% |
| Health Care | - | 8.90% | - | - | - | - | - | - | 8.90% |
| Industrials | - | 33.52% | - | - | - | - | - | - | 33.52% |
| Cash and Equivalents | - | - | - | - | - | - | - | -0.66% | -0.66% |
| Bonds | - | - | - | 0.65% | - | - | - | - | 0.65% |
| Non-Classified | - | - | - | - | - | - | 0.07% | 4.58% | 4.65% |
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 | BCZRNN3 |
| Mex Code | MYAABU |
| Isin Code | GB00BCZRNN30 |
| Citi Code | JVIW |
Fund Charges
| Entry Charge | 5.00% |
| Ongoing Charges | 0.91% |
Aims and Benchmark
| Aims | 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 which we consider exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants. 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 | 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 | -1.59 |
| Beta | 1.11 |
| Sharpe | 0.21 |
| Standard Deviation | 13.39 |
| Info Ratio | -0.18 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| 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
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.
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. 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 report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report 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.