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BlackRock Frontiers Investment Trust plc (BRFI) Ordinary 1p

Sell:152.00p Buy:154.00p 0 Change: No change
Market closed Prices as at close on 23 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:152.00p
Buy:154.00p
Change: No change
Market closed Prices as at close on 23 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:152.00p
Buy:154.00p
Change: No change
Market closed Prices as at close on 23 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
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.

Objective

The investment objective is to achieve long-term capital growth by investing in companies domiciled or listed in, or exercising the predominant part of their economic activity in, less developed countries. These countries are any country which is neither part of the MSCI World Index of developed markets, nor one of the eight largest countries by Market Cap in the MSCI Emerging Markets Index.
Security Weight
BlackRock ICS USD LiqEnvtlyAwr Agcy Inc 14.46%
Saudi National Bank 4.76%
PT Bank Central Asia Tbk 3.99%
Emaar Properties PJSC 3.05%
Ayala Land Inc 3.05%
Abdullah Al Othaim Markets Co 3.04%
Kaspi.kz JSC ADS 3.00%
FPT Corp 2.65%
EPAM Systems Inc 2.55%
Eldorado Gold Corp 2.51%
Sector Weight
Financial Services 39.55%
Basic Materials 12.09%
Energy 11.12%
Consumer Cyclical 10.48%
Consumer Defensive 9.71%
Technology 8.19%
Industrials 8.04%
Real Estate 6.95%
Communication Services 5.31%
Healthcare 0.50%
Country Weight
Saudi Arabia 16.30%
Indonesia 12.92%
United Arab Emirates 8.11%
Philippines 7.68%
Kazakhstan 7.03%
Poland 5.59%
United Kingdom 5.31%
Vietnam 5.31%
Thailand 5.25%
Chile 4.25%

Fee Structure

Management fee is 1.10% p.a. of the Gross Assets. Performance fee is 10% of any NAV outperformance of the MSCI Emerging Markets Index. The contract is terminable on 6 months notice.

Dividend Policy

Whether the Company will pay a similar final dividend to last year will depend on the state of the revenue account in the second half of the year at which time the Board will have greater visibility of the total revenue received in the financial year. The Board may also consider the use of brought forward revenue reserve to support the full year dividend if deemed appropriate to do so.

ASSET SPLIT

Total number of holdings: 86.

Trust Manager

Sam Vecht

Manager Bio

Sam Vecht, CFA, Managing Director, is Head of Emerging Europe, Frontiers and Alternative Strategies and a portfolio manager within BlackRock’s Fundamental Equity Group. Mr. Vecht is lead portfolio manager for the Emerging Markets Equity Strategies Fund and also co-manages the Latin America, Emerging Europe, Emerging Frontiers Hedge Fund, Frontiers, and Asia Pacific Absolute Return strategies. He is also a research pod leader of the EMEA & Frontiers and Latin America pods. Mr. Vecht's service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr. Vecht earned a BSc degree, with honours, in international relations and history from the London School of Economics

Board Of Directors

Katrina HartChairman, Stephen White, Elizabeth Airey, Lucy Taylor-Smith, Hatem Dowidar

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. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.