Part of our Foundation Fundlist BLACKROCK FRONTIER MKTS INV TST PLCUSD0.01

Symbol: BRFI

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Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 24th May 2019 to 24th May 2020-30.56%
  • 24th May 2020 to 24th May 202141.93%
  • 24th May 2021 to 24th May 202213.68%
  • 24th May 2022 to 24th May 20239.49%
  • 24th May 2023 to 24th May 202416.16%

Key Information

Benchmark N/A
Sector IT Global Emerging Markets
Gearing 110%
Ex-Dividend Date 4 Jan 2024
Dividend Pay Date 14 Feb 2024
Total Dividends - Year to Date6.34
Dividend Yield (%)4.1848

Net Asset Value (Nav)

Latest actual NAV 163.00
Latest actual NAV date 22/05/2024
NAV frequency Daily
Premium/Discount -8.59%

Part of our Foundation Fundlist Part of our Foundation Fundlist
WHY IS THIS FUND ON OUR FOUNDATION FUNDLIST?

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.
1.9685%
Performance Fee 0%
AMC 1.10%
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here .
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
1.9685%
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

Company

Business Summary

BlackRock Frontiers Investment Trust plc is a United Kingdom-based investment trust. The Company's principal activity is portfolio investment. The Company’s 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. The Company seeks to maximize total return and invests globally in the securities of companies domiciled or listed in or exercising the predominant part of their economic activity in, the Frontiers Universe. The Company invests in various sectors, such as financials, industrials, energy, materials, consumer staples, information technology, communication services, consumer discretionary, real estate, utilities, and health care. The Company's investment manager is BlackRock Investment Management (UK) Limited. The Company's alternative investment fund manager is BlackRock Fund Managers Limited.

Financial Summary

BRIEF: For the fiscal year ended 30 September 2023, BlackRock Frontiers Investment Trust PLC revenues increased from -$31.3M to $89.3M. Net income totaled $74.9M vs. loss of $36.9M. Revenues reflect Realized Capital Gains/Losses - Total increase from -$41.5M to $58.6M, FV/Uls Adjust on Derivatives for Hedging increase from -$9.7M to $2M, Realized Gain/Loss on Derivative-Hedging increase from $6.7M to $14.6M.

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      2.36% -1.14% 9.94% 16.16% 44.59% 42.50%

      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
      250,049 bytes PDF Document; last updated 31 Mar 2024
      Key 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 INFORMATION DOCUMENT
      117,318 bytes PDF Document; last updated 26 Apr 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
      4,641,265 bytes PDF Document; last updated 30 Sep 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
      1,823,562 bytes PDF Document; last updated 31 Mar 2023

      Management Team

      Samuel Vecht Emily Fletcher Sudaif Niaz

      Samuel Vecht has managed this fund for 13 years and 5 months.

      Samuel Vecht Samuel Vecht, CFA, Managing director and portfolio manager, is Head of the Emerging Europe & Frontiers team within the Fundamental Active Equity division of BlackRock's Active Equities Group. He is responsible for managing long-only and long/short portfolios in both Emerging and Frontier markets. 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.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Samuel

      Name of Security Sole/Co Managed Since
      BRLAIT O010 OUS$0.10 Co Dec 2018

      Emily Fletcher has managed this fund for 11 years and 1 month.

      Emily  Fletcher Emily Fletcher is co-manager of the BlackRock Frontiers Investment Trust plc, and is a member of BlackRock's Emerging Markets Specialist Team, within the Fundamental Equity division of the Alpha Strategies Group, specialising in African and Frontier markets. Emily has degrees in experimental and theoretical physics.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Sudaif Niaz has managed this fund for 3 months.

      Sudaif Niaz Mr Niaz joined BlackRock in 2015 and is a portfolio manager and research analyst in the Global Emerging Markets Equities Team within BlackRock’s Fundamental Equity Group. Mr Niaz is a member of the EMEA and Frontier Markets research team, and he specialises in the Middle-East, South East Asia and Eastern Europe. Mr. Niaz has worked closely with Mr Vecht and Mrs Fletcher for many years providing support in managing the Company’s portfolio and his addition as a named manager reflects his significant contribution. There are no changes anticipated in the way the portfolio is managed on a day to day basis as a result of this change.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      30/09/2023

      30/09/2022

      30/09/2021

      30/09/2020

      30/09/2019

      30/09/2018

      Total Revenue 89.31 -31.28 159.34 -72.03 2.85 -28.42
      Gross profit 76.86 -35.52 151.26 -76.23 -2.28 -33.48
      Operating Profit/Loss 76.25 -36.04 150.69 -76.71 -2.88 -34.07
      Profit Before Tax 76.13 -36.06 150.68 -76.73 -4.43 -34.10
      Profit After Tax 74.86 -36.87 149.47 -77.94 -6.68 -29.34
      Equity Holders of Parent Company 74.86 -36.87 149.47 -77.94 -6.68 -29.34
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      30/09/2023

      30/09/2022

      30/09/2021

      30/09/2020

      30/09/2019

      30/09/2018

      Total Non-Current Assets 374.52 297.95 354.08 305.10 393.58 348.50
      Total Current Assets 14.67 14.85 18.41 7.91 17.23 19.37
      Total Assets 389.19 312.80 372.49 313.00 410.82 367.87
      Total Liabilities 25.59 10.14 19.71 7.02 10.00 11.38
      Total Net Assets 363.60 302.66 352.78 305.98 400.82 356.50
      Shareholders Funds 363.60 302.66 352.78 305.98 400.82 356.50
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 363.60 302.66 352.78 305.98 400.82 356.50

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