BlackRock Circular Economy Class D2 Hedged - Accumulation (GBP)





Charges and Savings
Initial charges | |
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Initial charge: | 0.00% |
Initial saving from HL: | 0.00% |
HL dealing charge: | Free |
Net initial charge: | 0.00% |
Annual charges | |||||
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Performance fee: | No | ||||
Ongoing charge (OCF/TER): | 0.98% | ||||
Ongoing saving from HL: | 0.00% | ||||
Net ongoing charge: | 0.98% | ||||
There are other unit types of this fund available: | |||||
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In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.
Other Information
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Performance
18/05/17 to 18/05/18 | 18/05/18 to 18/05/19 | 18/05/19 to 18/05/20 | 18/05/20 to 18/05/21 | 18/05/21 to 18/05/22 | |
---|---|---|---|---|---|
Annual return | n/a | n/a | n/a | 56.32% | -19.42% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
View fund chartOur view on this fund
The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Fund Objective
The Fund aims to provide a return on your investment through a combination of capital growth and income on the Funds assets. The Fund invests globally at least 80% of its total assets in the equity securities (i.e. shares) of companies globally that benefit from, or contribute to, the advancement of the Circular Economy. The Circular Economy concept aims to minimise waste by considering the full life-cycle of materials, and redesigning products and operations to encourage greater re-use and recycling. The Fund will aim to invest in line with the principles of the Circular Economy as determined by the Investment Adviser (IA) (having regard to specialist third party information sources as appropriate), except that the Fund will not invest in companies that are classified in the following sectors (as defined by Global Industry Classification Standard): coal and consumables; oil and gas exploration and production; and integrated oil and gas. In normal market conditions the Fund will invest in a portfolio of equity securities of companies with large, medium and small market capitalisation, across all industry sectors, that contribute to the advancement of a circular economy across four categories: (1) Adopters: Companies that are adopting circularity in their business operations in a way that is meaningful and has a positive impact on the value of the company (e.g. companies involved in sustainable fashion or companies that have made a commitment to use recycled plastics in production processes); (2) Enablers: Companies that provide new, innovative solutions directly aimed at solving inefficient material use and pollution (e.g. companies involved in recycling of products, companies involved in reducing inputs such as water and energy and companies enabling sustainable transportation); (3) Beneficiaries: Companies that provide alternatives to materials that cannot be recycled or supply these to the extended value chain (e.g. companies that will see an increase in demand for their products from shifts towards more easily recyclable products and companies that offer natural or plant-based circular alternatives to non-recyclable and non-biodegradable products); (4) Business model winners: Companies that facilitate efficient or more responsible consumption via innovative business models (e.g. companies that replace existing business models with digital alternatives and companies that are involved in repair or resale which prolong the use of goods). The IA may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to achieve the investment objective of the Fund, and/or to reduce risk within the Funds portfolio, reduce investment costs and generate additional income. The Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). The Fund is actively managed. The IA has discretion to select the Fund's investments and is not constrained by any benchmark in this process. The MSCI All Countries World Index should be used by investors to compare the performance of the Fund. Recommendation: This Fund may not be appropriate for short-term investment. Your shares will be non-distributing (i.e. dividend income will be included in their value).
Income Details
Security | Weight |
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VEOLIA ENVIRONNEMENT | 4.18% |
MICROSOFT CORP | 4.15% |
SCHNEIDER ELECTRIC SE | 3.78% |
ASML HOLDING NV | 3.40% |
AGILENT TECHNOLOGIES INC | 3.23% |
CROWN HOLDINGS INC | 3.16% |
COCA-COLA EUROPACIFIC PARTNERS | 3.08% |
EVOQUA WATER TECHNOLOGIES CORP | 3.06% |
MICHELIN(CIE GLE DES ETABL.) | 2.97% |
SIKA AG | 2.97% |
Sector | Weight |
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General Industrials | 14.32% |
Electronic & Electrical Equipment | 9.01% |
Waste & Disposal Services | 7.95% |
Construction & Materials | 7.89% |
Gas, Water & Multi-utilities | 7.24% |
Industrial Metals & Mining | 6.57% |
Software & Computer Services | 5.84% |
Medical Equipment & Services | 5.39% |
Automobiles & Parts | 5.18% |
Industrial Materials | 5.11% |
Country | Weight |
---|---|
United States | 42.52% |
France | 18.68% |
Switzerland | 6.42% |
Australia | 5.82% |
Germany | 4.72% |
United Kingdom | 4.70% |
Norway | 4.17% |
Netherlands | 3.40% |
Japan | 2.67% |
Finland | 2.12% |
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 18 May 2022. Data provided by Broadridge, correct as at 31 March 2022.


4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.