BlackRock Global Income D

Targets an above average income and capital growth from equities worldwide

  • 195.50p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 263.60p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.13%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 2.50%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 18 June 2021

The aim of the BlackRock Global Income Fund is to achieve an above average income from its equity investments, compared to the income yield of global equity markets, without sacrificing long term capital growth.

Fund summary

Sector Global Equity Income
Structure UNIT TRUST
Launched May, 2011
Size £74m
Yield 2.50%
Charging basis Capital
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.26%
Annual management charge 0.75%
Ongoing charges figure 1.13%

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Investment process

The aim of the BlackRock Global Income Fund is to achieve an above average income from its equity investments, compared to the income yield of global equity markets, without sacrificing long term capital growth. The Fund invests primarily in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developed markets although it may also invest in other transferable securities, permitted money market instruments, permitted deposits, cash and near cash and units in collective investment schemes. Derivatives may be used for the purposes of efficient portfolio management.

Manager research

Average monthly relative returns

  • 16/17 -0.35%
  • 17/18 -0.75%
  • 18/19 0.04%
  • 19/20 -0.14%
  • 20/21 -0.66%

Bestinvest MRI

  • 3 years -0.25%
  • 5 years -0.37%
  • Career -0.23%
  • 3 years 27.40%
  • 5 years 6.40%
  • Career 17.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Stuart Reeve / Andrew Wheatley-Hubbard / James Bristow

Reeve is a member of the Global Equity Team within BlackRock’s Fundamental Equity Portfolio Management Group. He is the lead portfolio manager for all retail and institutional Global Dividend Income portfolios, and also Director of Research for the Global Equity Team. Reeve has been with BlackRock since 2005, prior to this he worked as an analyst at Crédit Agricole Asset Management and Robert Fleming Securities. Wheatley-Hubbard,Vice President, is a member of the Global Equity team within the Fundamental Equity division of BlackRock's Portfolio Management Group. He is responsible for covering Industrial stocks. Prior to assuming his current role in 2009, he had worked for BlackRock in both London and Hong Kong. In previous roles, he was responsible for covering Singapore and Global Real Estate. He joined BlackRock in 2007 following an internship with the Global Equity team in 2006. Wheatley-Hubbard earned BA and MEng degrees in engineering from Cambridge University in 2007. Bristow, CFA, Managing Director and portfolio manager, is a member of the Global Equity team within the Fundamental Equity division of BlackRock's Portfolio Management Group. He is responsible for managing Global Focus and EAFE portfolios and covers the Healthcare sector. He joined BlackRock in 2006 from JP Morgan, where he was responsible for managing global and European equity portfolios. He began his career with ABN AMRO Rothschild on their equity capital markets team. Bristow earned an MA degree in philosophy, politics and economics from Oxford University in 1997.

Track record

Stuart Reeve / Andrew Wheatley-Hubbard / James Bristow has 8.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.23%. During the worst period of relative performance (from February 2016 - January 2021) there was a decline of 25% relative to the index. The worst absolute loss has been 16%.

Periods of worst performance

Absolute -16.00% (July 2019 - March 2020)
Relative -25.00% (February 2016 - January 2021)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Top 10 holdings

Data accurate as at 31 July 2020

3.8607% Unilever
3.3676% Coca-Cola Co
3.3393% Telus Corp
3.0001% Novartis Ag
2.9766% Philip Morris International Inc
2.9589% Sanofi
2.909% Lockheed Martin Corp
2.7889% Medtronic Inc
2.7409% Paychex Inc
2.7166% Abbvie Inc
Source: Trustnet

Sector breakdown

Consumer Staples 25.00%
Health Care 24.00%
Industrials 18.00%
Information Technology 8.00%
Communications 8.00%
Consumer Discretionary 7.00%
Financials 7.00%
Materials 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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