BGF Circular Economy D2 Hedged Acc GBP

ISIN: LU2087589854 | MEX: N/A | CITI: QSNE

  • Buy 1,301 GBX

  • Sell 1,301 GBX

  • Price Change -0.30650%

Accumulation

Past Performance

  • 24th May 2019 to 24th May 2020-
  • 24th May 2020 to 24th May 202154.56%
  • 24th May 2021 to 24th May 2022-20.06%
  • 24th May 2022 to 24th May 20232.79%
  • 24th May 2023 to 24th May 202413.82%

Objectives and Approach

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 recognises the importance of a sustainable economic system and aims to minimise waste by considering the full life-cycle of materials, and redesigning products and operations to encourage greater re-use and recycling. In normal market conditions the Fund will invest in a portfolio of equity securities of companies with large, medium and small market capitalisation (market capitalisation is the share price of the company multiplied by the number of shares issued) that are involved in activities including the following: raw materials (e.g. metals and battery materials), across all industry sectors, that contribute to the advancement of a Circular Economy across four categories as described in the prospectus: (1) Adopters (2) Enablers (3) Beneficiaries (4) Business model winners. The companies are rated by the IA based on their ability to manage the risks and opportunities associated with the Circular Economy and on their environmental, social and governance (ESG) risk and opportunity credentials. The Fund adopts a “best in class” approach to sustainable investing. This means that the Fund selects the best issuers (from an ESG perspective) for each relevant sector of activities (without excluding any sector of activities). More than 90% of the issuers of securities the Fund invests in are ESG rated or have been analysed for ESG purposes. The Fund may gain limited exposure to issuers that do not meet the Circular Economy and/or the ESG criteria described above. 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). Any ESG rating or analysis referenced above will apply only to the underlying securities of FDI’s used by the Fund. 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 (MSCI ACWI) should be used by investors to compare the performance of the Fund. The weighted average ESG rating of the Fund will be higher than the ESG rating of the MSCI ACWI after eliminating at least 20% of the least well rated securities from the MSCI ACWI. Recommendation: This Fund may not be appropriate for short-term investment.

Key Information

Inception 18th Dec 2019
Historic Yield 0%
Sector FO Equity - Ethical
Fund Size £1491.690mn
Fund Type SICV
Classification Accumulation

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.1708%
Initial Charge 0%
AMC 0.68%
Our Platform Charge
We charge a platform fee starting at 0.35% for the first £250,000 of assets. Our charges for assets above £250,000 are shown on our rates and charges sheet
0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
1.1708%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Performance

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      • Cumulative Performance

        1 month3 months6 months1 year3 years5 years
        4.67% 4.25% 15.23% 13.82% -6.47% -

        Important Information
        Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

        The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.



      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      244,890 bytes PDF Document; last updated 30 Apr 2024
      Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INVESTOR INFORMATION DOCUMENT
      167,575 bytes PDF Document; last updated 30 Jan 2024
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      9,551,728 bytes PDF Document; last updated 31 Aug 2023
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      4,513,146 bytes PDF Document; last updated 29 Feb 2024
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      8,986,510 bytes PDF Document; last updated 13 May 2024

      Management Team

      Evy Hambro Olivia Markham Sumana Manohar

      Evy Hambro has managed this fund for 4 years and 7 months.

      Evy Hambro Evy Hambro is co-manager of the BlackRock World Mining Trust plc, and is Global Head of Thematic and Sector Investing, as well as the Head of the Natural Resources Equity Team. He sits on the BlackRock Global Operating Committee and is a member of the Alpha Strategies Partner Group. He is also manager of a number of the team's portfolios covering the mining, gold and circular economy strategies. His service with the firm dates back to 1994, including his years with Mercury Asset Management and Merrill Lynch Investment Managers which merged with BlackRock in 2006. Evy has a degree in agricultural food marketing.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Evy

      Name of Security Sole/Co Managed Since
      BlackRock GF Wrld Gld Co Jan 2002
      BlackRock WrdMi Co Mar 1997
      BlackRock Gold & General Co Apr 2009
      BlackRock Gold & General Co Apr 2009

      Olivia Markham has managed this fund for 4 years and 7 months.

      Olivia Markham Olivia Markham, CFA, Director and portfolio manager, is a member of the Natural Resources Equity team within the Fundamental Equity division of BlackRock's Alpha Strategies Group. She co-manages the BlackRock World Mining Trust, the BGF World Mining Fund, the Commodities Income Investment Trust and a number of the team’s segregated portfolios. Ms. Markham joined BlackRock in 2011. Previously, she was head of the European Mining team at UBS with lead coverage of the UK diversified miners. Before moving to London in 2009, Ms. Markham worked for Merrill Lynch in Sydney covering the Australian miners. She also spent four years working within the Mergers and Acquisition team at BHP Billiton. Ms. Markham earned a BComm degree in finance from the University of Western Australia in 2003.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Olivia

      Name of Security Sole/Co Managed Since
      BlackRock WrdMi Co May 2015

      Sumana Manohar has managed this fund for 4 years and 7 months.

      Sumana Manohar There is currently no biography information for Sumana Manohar.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Investment involves risk. You may get back less than invested.