Morningstar Fund Report  | 07/04/2025Print

BlackRock Global Funds - European Special Situations Fund D2

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BlackRock Global Funds - European Special Situations Fund D2
Fund18.8-21.115.12.0-2.7
+/-Cat2.0-5.21.72.8-3.1
+/-B’mrk--1.6-1.2-6.0
 
Category: Europe Large-Cap Growth Equity
Category Benchmark: Morningstar Dev Europe Grt ...
Key Stats
NAV
04/04/2025		 EUR 65.34
Day Change -4.72%
Morningstar Category™ Europe Large-Cap Growth Equity
ISIN LU0252965834
Fund Size (Mil)
31/03/2025		 EUR 1027.74
Share Class Size (Mil)
04/04/2025		 EUR 152.46
Max Initial Charge 5.26%
Ongoing Charge
30/12/2024		  1.07%
Morningstar Research
Analyst Report08/07/2024
Ronald van Genderen, Senior Analyst
Morningstar, Inc

BGF European Special Situations is managed by a high-quality team that experienced a period of significant change. However, since 2019 it has developed to regain its footing, and we are therefore restoring our previous positive conviction. This...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: BlackRock Global Funds - European Special Situations Fund D2
The Fund seeks to maximise total return and invest in a manner consistent with the principles of environmental, social and governance (“ESG”) investing. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activities in, Europe.
Returns
Trailing Returns (GBP)04/04/2025
YTD-8.78
3 Years Annualised-1.00
5 Years Annualised7.44
10 Years Annualised6.67
12 Month Yield 0.00
Management
Manager Name
Start Date
Stefan Gries
04/03/2021
Inception Date
19/05/2006

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe NR EURMorningstar Dev Europe Grt TME NR EUR
Portfolio Profile for  BlackRock Global Funds - European Special Situations Fund D228/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.820.0096.82
Bond0.130.000.13
Property0.000.000.00
Cash14.4613.900.55
Other2.630.142.49
Top 5 Regions%
Eurozone59.21
Europe - ex Euro26.37
United Kingdom10.14
United States4.28
Canada0.00
Top 5 Sectors%
Industrials28.79
Technology18.72
Financial Services15.78
Consumer Cyclical15.43
Healthcare11.84
Top 5 HoldingsSector%
Novo Nordisk AS Class BHealthcareHealthcare7.00
ASML Holding NVTechnologyTechnology5.04
Schneider Electric SEIndustrialsIndustrials4.96
Compagnie Financiere Richemont S... Consumer CyclicalConsumer Cyclical4.85
MTU Aero Engines AGIndustrialsIndustrials4.67
Increase Decrease New since last portfolio
BlackRock Global Funds - European Special Situations Fund D2
Growth Of 1000 (GBP) 31/03/2025
Fund:  BlackRock Global Funds - European Special Situations Fund D2
Category:  Europe Large-Cap Growth Equity
Category Index:  Morningstar Dev Europe Grt TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-12.4631.2117.0518.76-21.1415.102.05-2.73
+/- Category-2.138.162.421.96-5.151.662.85-3.14
+/- Category Index-----1.61-1.18-5.97
% Rank in Category668343785332489
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-4.72   -1.03-0.75
1 Week-7.75   -1.46-1.34
1 Month-2.82   6.306.40
3 Months-8.97   -3.71-6.70
6 Months-11.80   -3.45-6.57
YTD-8.78   -3.91-6.92
1 Year-15.58   -4.88-9.74
3 Years Annualised-1.00   -1.38-4.52
5 Years Annualised7.44   -0.59-2.05
10 Years Annualised6.67   0.45-0.16
 
Category: Europe Large-Cap Growth Equity
Category Index: Morningstar Dev Europe Grt TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-2.73---
202410.29-0.69-2.51-4.43
202312.360.66-4.356.41
2022-12.92-17.36-1.1210.82
2021-2.4612.731.856.05
2020-14.9319.736.398.02
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average2 star
5-YearAverageAbove Average3 star
10-YearAbove AverageHigh3 star
OverallAbove AverageHigh3 star
 
Category :  Europe Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev16.39 %
3-Yr Mean Return2.46 %
 
3-Yr Sharpe Ratio-0.10
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Dev Europe Grt TME NR EUR  Morningstar Dev Europe Grt TME NR EUR
3-Yr Beta1.161.16
3-Yr Alpha-4.46-4.46
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 61166-
Market Capitalisation% of Equity
Giant46.34
Large39.54
Medium14.13
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings25.111.09
Price/Book5.211.34
Price/Sales4.831.60
Price/Cash Flow22.621.28
Dividend-Yield Factor2.041.11
 
Long-Term Projected Earnings Growth13.711.34
Historical Earnings Growth21.592.14
Sales Growth8.141.39
Cash-Flow Growth12.531.61
Book-Value Growth8.321.19
 
Category: Europe Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.820.0096.82
Bond0.130.000.13
Property0.000.000.00
Cash14.4613.900.55
Other2.630.142.49
World Regions28/02/2025
 % of EquityRelative to Category
United States4.281.25
Canada0.000.00
Latin America0.000.00
United Kingdom10.140.69
Eurozone59.211.04
Europe - ex Euro26.371.06
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Europe Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.291.05
Consumer CyclicalConsumer Cyclical15.431.19
Financial ServicesFinancial Services15.781.86
HealthcareHealthcare11.840.59
Communication ServicesCommunication Services2.150.94
IndustrialsIndustrials28.791.29
TechnologyTechnology18.720.97
 
Category: Europe Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings29
Total Number of Bond Holdings0
Assets in Top 10 Holdings47.05
NameSectorCountry% of Assets
Novo Nordisk AS Class B206Denmark7.00
ASML Holding NV311Netherlands5.04
Schneider Electric SE310France4.96
Compagnie Financiere Richemont SA Cla... 102Switzerland4.85
MTU Aero Engines AG310Germany4.67
Adyen NV311Netherlands4.18
Safran SA310France4.17
Linde PLC101United States4.15
Hermes International SA102France4.12
Ferrari NV102Italy3.91
 
Increase Decrease New since last portfolio
Category: Europe Large-Cap Growth Equity
 
Management
Name of CompanyBlackRock (Luxembourg) SA
Phone+44 20 77433000
Websitewww.blackrock.com
Address35 A, avenue J.F. Kennedy,
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date19/05/2006
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd.
Fund ManagerStefan Gries
Manager Start Date04/03/2021
 
Biography
Stefan Gries joined BlackRock’s European equity team in 2008, after previous roles at Scottish Widows, Aberdeen Asset Management and Deutsche Bank. Stefan gained his MA in Economics & Spanish from the University of St. Andrews. He started his career in 2005 as European equity analyst and portfolio assistant at Scottish Widows Investment Partnership. He joined BlackRock’s European equity team in 2008 and is responsible for covering the energy sector.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.26%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge1.07%
Purchase Details
Minimum Investments
Initial100000  EUR
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes