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BlackRock Circular Economy Class D2 Hedged - Accumulation (GBP)

Sell:1,116.00p Buy:1,116.00p Change: 7.00p (0.62%)
Prices as at 18 May 2022
Change: 7.00p (0.62%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 18 May 2022
Change: 7.00p (0.62%)
Prices as at 18 May 2022
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
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:
Class D2 - Accumulation (USD) (Net ongoing charge 0.98%)
Class D2 - Accumulation (EUR) (Net ongoing charge 0.98%)

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

Unit type: Unbundled
Fund launch date: n/a
Sector: Unclassified
Fund size: £2,262 million
Number of holdings: 48
Fund type: SICAV
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 15:00
Trustee: The Bank of New York Mellon (Luxembourg) S.A.
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: No
Minimum regular savings value: n/a

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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.

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Our 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 Fund’s 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 Fund’s 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

Income paid: n/a
Type of payment: Dividend
Ex-dividend date:
Payment date:

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Sector Weight
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.

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

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.