Morningstar® Fund Report™|24/08/2025
BlackRock Global Funds- Systematic Global Equity High Income Fund(USD)
Performance History 31/07/2025
Growth of 1,000(USD)
Fund 17.01 -14.85 15.70 16.71 8.51
+/-Cat -0.17 -2.98 2.01 8.26 -3.87
+/-Idx -2.24 -9.71 4.68 5.34 -3.75
Category: Global Equity Income
Index: Morningstar Global Markets High Dividend Yield NR USD
Trailing Returns 22/08/2025
Fund +/-Idx
YTD 10.27 -6.88
3 Years 42.86 -4.90
5 Years 61.38 -26.89
10 Years 108.58 -33.30
12 Month Yield -
Dividend Paying Frequency Monthly
Key Stats
Morningstar Category
Global Equity Income
Morningstar Rating™
ISIN
LU1116320737
NAV 22/08/2025
USD 9.3700
Day Change
0.32%
Total Net Assets (mil)
31/07/2025
USD  10665.65
Front Load Fee
3.00%
Deferred Load Fee
-
Manager Name
Muzo Kayacan
Andrew Huzzey
Robert Fisher
Inception Date
08/10/2014
Benchmark
Fund Benchmark
MSCI ACWI Minimum Vol (USD) NR USD
Morningstar® Benchmark
Morningstar Global Markets High Dividend Yield NR USD
Investment strategy
The Fund seeks to generate a high level of income. The Fund invests globally, with no prescribed country or regional limits, at least 70% of its total assets in equity securities. In order to achieve its investment objective and policy, the Fund will invest in a variety of investment strategies and instruments. In particular, the Fund will use quantitative (i.e. mathematical or statistical) models in order to achieve a systematic (i.e. rule based) approach to stock selection. This means that stocks will be selected based on their expected contribution to portfolio returns when risk and transaction cost forecasts are taken into account.
Portfolio Profile 31/07/2025
Morningstar Style Box®_Morningstar:
Equity Style
Morningstar Style Box®_Morningstar:
Fixed Income Style
Asset Allocation %
% Long % Short % Net Assets
Stocks 110.43 13.57 96.86
Bonds 0.00 0.00 0.00
Cash 39.36 36.22 3.14
Other 0.00 0.00 0.00
Fixed Income
Effective Maturity (Y) -
Effective Duration -
Average Credit Quality -
Top 5 Regions %
United States 62.46
Japan 6.93
Asia - Emerging 6.78
Asia - Developed 4.83
Eurozone 4.16
Top 5 Sectors %
Technology 30.57
Financial Services 15.10
Consumer Defensive 12.36
Healthcare 12.19
Communication Services 9.67
Top 5 Holdings Sector %
E-mini S&P 500 Future Sept 25 12.39
Microsoft Corp Technology Technology 4.76
NVIDIA Corp Technology Technology 3.89
Amazon.com Inc Consumer Cyclical Consumer Cyclical 2.93
Nikkei 225 Future Sept 25 2.63
Return Charts
3 Months 6 Months 1 Year 3 Years 5 Years 10 Years
Index Currency
UPDATE
Fund: BlackRock Global Funds- Systematic Global Equity High Income Fund(USD)
Index: Please select ...
Annual Returns 31/07/2025
2018 2019 2020 2021 2022 2023 2024 2025
Total Return -9.47 17.27 8.86 17.01 -14.85 15.70 16.71 8.51
+/- Category 1.94 -4.35 3.73 -0.17 -2.98 2.01 8.26 -3.87
+/- Index 0.87 -3.43 8.38 -2.24 -9.71 4.68 5.34 -3.75
% Rank (Rel to Cat) 31 88 30 55 72 33 9 57
Trailing Returns 22/08/2025
Total Return +/- Category +/- Index
1 Day 0.32 -0.71 -0.89
1 Week 0.21 -0.57 -1.00
1 Month 1.37 -1.15 -2.15
3 Months 5.12 -1.77 -5.14
6 Months 5.23 -4.91 -6.31
YTD 10.27 -6.40 -6.88
1 Year 12.22 -1.93 -5.43
3 Years 42.86 -1.58 -4.90
5 Years 61.38 -7.72 -26.89
10 Years 108.58 -9.46 -33.30
Quarterly Returns 31/07/2025
Quarter 1 Quarter 2 Quarter 3 Quarter 4
2025 0.34 7.13 - -
2024 7.35 3.72 5.03 -0.20
2023 5.05 4.03 -2.22 8.27
2022 -3.92 -12.56 -6.21 8.05
Dividend 22/08/2025
12 Month Yield -
2025 0.39
2024 0.63
2023 0.65
2022 0.65
Morningstar Rating™ 31/07/2025
3-Year
5-Year
10-Year
Overall
Volatility Measurements 31/07/2025
1-Yr Volatility 7.71%   3-Yr Volatility 10.47%
1-Yr MaximumDrawdown -2.63% 3-Yr MaximumDrawdown -10.56%
1 Yr Sharpe Ratio 1.08 3-Yr Sharpe Ratio 0.70
3-Yr Mean Return 1.02%
Investment Style Details 31/07/2025
Morningstar Style Box®_Morningstar:
Equity Style
Size Rel to Cat
Average Mkt Cap (Mil) USD 155752 0.00
Market Capitalisation % Of Equity
Giant 43.28
Large 49.72
Medium 13.09
Small 0.31
Micro 0.00
Valuations and Growth Rates Equity Portfolio Relative to Category
Price/Prospective Earnings 17.17 0.00
Price/Book 2.80 0.00
Price/Sales 0.45 0.00
Price/Cash Flow 8.94 0.00
Dividend-Yield Factor 3.09 0.00
Long-Term Projected Earnings Growth 7.47 0.00
Historical Earnings Growth 4.00 0.00
Sales Growth 3.63 0.00
Cash-Flow Growth 0.47 0.00
Book-Value Growth 4.20 0.00
Fixed Income Style -
Morningstar Style Box®_Morningstar:
Fixed Income Style
Maturity Distribution %
1 To 3 0.07
3 To 5 0.00
5 To 7 0.00
7 To 10 0.00
10 To 15 0.00
15 To 20 0.00
20 To 30 0.00
Over 30 0.00
Effective Maturity (Y) -
Effective Duration -
Average Credit Quality -
Credit Quality Breakdown % %
AAA - BB -
AA - B -
A - BelowB -
BBB- Not Rated -
AssetAllocation 31/07/2025
Asset Allocation
% Long % Short % Net Assets
Stocks 110.43 13.57 96.86
Bonds 0.00 0.00 0.00
Cash 39.36 36.22 3.14
Other 0.00 0.00 0.00
World Regions 31/07/2025
% Of Equity Relative to Category
United States 62.46 0.00
Canada 2.93 0.00
Latin America 1.71 0.00
United Kingdom 2.41 0.00
Eurozone 4.16 0.00
Europe - ex Euro 4.14 0.00
Europe - Emerging 1.86 0.00
Africa 0.00 0.00
Middle East 0.09 0.00
Japan 6.93 0.00
Australasia 1.70 0.00
Asia - Developed 4.83 0.00
Asia - Emerging 6.78 0.00
Emerging Market 10.35 0.00
Developed Country 89.65 0.00
Not Classified 0.00 0.00
Stock Sector Weightings 31/07/2025
% Of Equity Relative to Category
CyclicalCyclical 28.45 -
Basic MaterialsBasic Materials 2.88 -
Consumer CyclicalConsumer Cyclical 8.80 -
Financial ServicesFinancial Services 15.10 -
Real EstateReal Estate 1.66 -
Sensitive 50.67 -
Communication ServicesCommunication Services 9.67 -
EnergyEnergy 4.26 -
IndustrialsIndustrials 6.17 -
TechnologyTechnology 30.57 -
DefensiveDefensive 27.35 -
Consumer DefensiveConsumer Defensive 12.36 -
HealthcareHealthcare 12.19 -
UtilitiesUtilities 2.79 -
Top 10 Holdings 31/07/2025
Portfolio
Total Number of Equity Holdings 381
Total Number of Bond Holdings 0
Assets in Top 10 Holdings % 36.78
Product Name Sector Country/Region % of Assets
E-mini S&P 500 Future Sept 25 United States 12.39
Microsoft Corp Technology Technology United States 4.76
NVIDIA Corp Technology Technology United States 3.89
Amazon.com Inc Consumer Cyclical Consumer Cyclical United States 2.93
Nikkei 225 Future Sept 25 Japan 2.63
Costco Wholesale Corp Consumer Defensive Consumer Defensive United States 2.38
Altria Group Inc Consumer Defensive Consumer Defensive United States 2.00
Medtronic PLC Healthcare Healthcare United States 1.99
Accenture PLC Class A Technology Technology United States 1.93
CME Group Inc Class A Financial Services Financial Services United States 1.89
Management Team
CompanyName BlackRock (Luxembourg) SA
Phone +44 20 77433000
Website www.blackrock.com
Address 35 A, avenue J.F. Kennedy,

Grand Duchy of Luxembourg

 
Domicile LUX
Legal Structure SICAV
UCITS Yes
Inception Date 08/10/2014
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd
Fund Manager   Muzo Kayacan
Manager Start Date   31/08/2022
Education  
Warwick University
Biography  
Muzo Kayacan, CFA, Vice President and Portfolio Manager, is a member of the Europe Equities team in the Scientific Active Equity division of BlackRock's Portfolio Management Group. He is responsible for managing the European Alpha Advantage and Long-only Funds. Prior to joining Blackrock in 2010, Mr. Kayacan was a Senior Associate Portfolio Manager at AllianceBernstein, where he was responsible for implementing investment decisions in Global Developed and Emerging Markets institutional equity portfolios, as well implementing active and passive currency hedging strategies. From 2005-2007 he completed a graduate training scheme with M&G, followed by a role in the product development team. Before joining M&G he was a futures trader. Mr Kayacan earned a bachelors degree in Psychology from Warwick University in 2003. He is a CFA charterholder.
Fund Manager   Andrew Huzzey
Manager Start Date   01/02/2019
Education  
Biography  
Fund Manager   Robert Fisher
Manager Start Date   14/02/2014
Education  
Biography  
Robert Fisher, CFA, Director and senior portfolio manager, is a member of the European Equities team in the Scientific Active Equity division of BlackRock's Portfolio Management Group. He is responsible for managing Market Neutral strategies. Mr. Fisher's service with the firm dates back to 2001, including his years with Barclay's Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he served as a senior portfolio manager within the European Scientific Equity team. Prior to joining BGI, he worked at the Bank of New York, Europe. Mr. Fisher earned a masters in aeronautical & astronautical engineering from Southampton University in 1999.
Fees and Expenses
Sales Charges (Maximum)
Front Load Fee 3.00%
Deferred Load Fee -
Switching Fee 1.00%
Annual Charge
Management (Max) 1.50%

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