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

  • 10th Dec 2013 to 10th Dec 20145.14%
  • 10th Dec 2014 to 10th Dec 2015-10.73%
  • 10th Dec 2015 to 10th Dec 201630.95%
  • 10th Dec 2016 to 10th Dec 201731.45%
  • 10th Dec 2017 to 10th Dec 2018-8.81%

Key Information

Benchmark N/A
Sector IT Global Emerging Markets
AMC 1.10%
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.
1.9078%
Gearing 112%
Performance Fee No
Ex-Dividend Date 31 May 2018
Dividend Pay Date 29 Jun 2018
Total Dividends - Year to Date5.33
Dividend Yield (%)3.7601

Net Asset Value (Nav)

Latest actual NAV 137.28
Latest actual NAV date 6/12/2018
NAV frequency Daily
Premium/Discount 3.26%

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

Company

Business Summary

BlackRock Frontiers Investment Trust plc is a United Kingdom-based investment trust company. The Company's principal activity is portfolio investment. The Company's investment objective is to achieve long-term capital growth from investment in companies operating in Frontier Markets or the companies' stocks, which are listed on the stock markets of such countries. It will seek to maximize total return and will invest globally in the securities of companies domiciled or listed in, or exercising the predominant part of their economic activity in, Frontier Markets. The Company invests approximately 5% of its gross assets (at the time of such investment) in unquoted securities. The Company invests in a range of sectors, such as financials, consumer staples, telecommunications, energy, healthcare, industrials, consumer discretionary, utilities, materials and technology. BlackRock Fund Managers Limited is the investment manager of the Company.

Financial Summary

BRIEF: For the six months ended 31 March 2018, Blackrock Frontiers Inv Tst PLC revenues increased 40% to $48.3M. Net income increased 82% to $48.6M. Revenues reflect Realized Capital Gains/Losses - Total increase of 36% to $39.9M, Net profit from contracts for difference increase from $1.1M to $3M, Net income from contracts for difference increase from -$434K to $1.5M. Net income benefited from Other Administrative Expenses decrease of 7% to $104K (expense).

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      3.47% 2.35% -10.00% -8.81% 56.98% 47.34%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertanly 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 graphs shown are supplied by an external data provider and may contain data that appears to preced the introduction of the clean unit class for this fund. In such cases, historial 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.
      FUND PROVIDER FACTSHEET
      347,941 bytes PDF Document; last updated 30 Sep 2018
      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
      72,288 bytes PDF Document; last updated 31 May 2018
      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
      730,426 bytes PDF Document; last updated 30 Sep 2017
      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
      1,419,250 bytes PDF Document; last updated 31 Mar 2018

      Management Team

      Emily Fletcher Sam Vecht

      Emily Fletcher has managed this fund for 5 years and 8 months.

      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

      Other investment trusts managed by Emily

      Name of Security Sole/Co Managed Since
      BkRckFrtrsInvTrstPlc CShs Co Apr 2013

      Sam Vecht has managed this fund for 7 years and 11 months.

      Sam Vecht Sam Vecht is co-manager of BlackRock Emerging Europe plc, and is co-head of BlackRock’s Global Emerging Markets Team in the Fundamental Equity Division of BlackRock's Alpha Strategies Group. He is responsible for managing long-only and long/short portfolios in both Emerging and Frontier markets. He is also co-manager of the BlackRock Greater Europe Investment Trust plc and the BlackRock Frontiers Investment Trust plc. Sam joined BlackRock in 2000 in the Global Emerging Markets Team. Sam has a degree in international relations and history.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Sam

      Name of Security Sole/Co Managed Since
      BkRckFrtrsInvTrstPlc CShs Co Dec 2010
      BlackRock Gtr Eur IT Co Sep 2004

      Financials


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

      Year Ending

      30/09/2017

      30/09/2016

      30/09/2015

      30/09/2014

      30/09/2013

      30/09/2012

      Total Revenue 73.40 31.83 -48.82 59.41 44.47 19.54
      Gross profit 68.77 26.26 -52.54 56.25 41.06 17.50
      Operating Profit/Loss 68.25 25.70 -53.20 55.03 40.24 16.86
      Profit Before Tax 68.24 24.32 -53.20 55.03 40.23 16.86
      Profit After Tax 60.20 23.17 -54.10 54.29 39.87 16.61
      Equity Holders of Parent Company 60.20 23.17 -54.10 54.29 39.87 16.61
      Minority Interest NIL NIL NIL NIL NIL NIL


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

      Year Ending

      30/09/2017

      30/09/2016

      30/09/2015

      30/09/2014

      30/09/2013

      30/09/2012

      Total Non-Current Assets 354.38 267.68 239.45 292.32 179.09 97.77
      Total Current Assets 13.68 15.18 13.98 35.50 96.57 39.98
      Total Assets 368.06 282.87 253.43 327.81 275.66 137.75
      Total Liabilities NIL NIL NIL NIL NIL NIL
      Total Net Assets NIL NIL NIL NIL NIL NIL
      Shareholders Funds 350.25 276.40 242.40 306.13 255.23 128.26
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity NIL NIL NIL NIL NIL NIL