Morningstar Fund Report  | 07/04/2025Print

BlackRock Global Funds - World Gold Fund D2

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BlackRock Global Funds - World Gold Fund D2
Fund-9.1-5.81.216.527.1
+/-Cat2.8-0.22.72.50.7
+/-B’mrk-1.9-7.5-0.16.0-3.3
 
Category: Sector Equity Precious Metals
Category Benchmark: Morningstar Gbl Gold NR USD
Key Stats
NAV
07/04/2025		 USD 54.60
Day Change -1.09%
Morningstar Category™ Sector Equity Precious Metals
ISIN LU0252968424
Fund Size (Mil)
31/03/2025		 USD 5135.32
Share Class Size (Mil)
04/04/2025		 USD 279.57
Max Initial Charge 5.26%
Ongoing Charge
04/02/2025		  1.34%
Morningstar Research
Analyst Report01/05/2024
Ramanand Kothari, Senior Analyst
Morningstar, Inc

BGF World Gold/BlackRock Gold and General retain a Morningstar Analyst Rating of Bronze for the clean share classes, despite some off-benchmark exposure to Russian stocks denting returns. More-expensive shares classes are rated Neutral. Evy...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process23
Performance
Price
Investment Objective: BlackRock Global Funds - World Gold Fund D2
The Fund seeks to maximise total return. The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is gold-mining. It may also invest in the equity securities of companies whose predominant economic activity is other precious metal or mineral and base metal or mineral mining. The Fund does not hold physical gold or metal.
Returns
Trailing Returns (GBP)07/04/2025
YTD20.18
3 Years Annualised6.74
5 Years Annualised9.24
10 Years Annualised9.03
12 Month Yield 0.00
Management
Manager Name
Start Date
Thomas Holl
01/07/2015
Evy Hambro
01/01/2002
Inception Date
19/05/2006

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE Gold Mines PR USDMorningstar Gbl Gold NR USD
Portfolio Profile for  BlackRock Global Funds - World Gold Fund D228/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock94.090.0094.09
Bond0.020.000.02
Property0.000.000.00
Cash11.4410.241.20
Other4.700.004.70
Top 5 Regions%
Canada70.62
Australasia13.03
United States6.28
United Kingdom5.57
Africa4.49
Top 5 Sectors%
Basic Materials100.00
Top 5 HoldingsSector%
Agnico Eagle Mines LtdBasic MaterialsBasic Materials7.72
Kinross Gold CorpBasic MaterialsBasic Materials6.54
Newmont CorpBasic MaterialsBasic Materials5.87
Barrick Gold CorpBasic MaterialsBasic Materials5.76
Endeavour Mining PLCBasic MaterialsBasic Materials5.24
Increase Decrease New since last portfolio
BlackRock Global Funds - World Gold Fund D2
Growth Of 1000 (GBP) 31/03/2025
Fund:  BlackRock Global Funds - World Gold Fund D2
Category:  Sector Equity Precious Metals
Category Index:  Morningstar Gbl Gold NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-11.8330.3525.34-9.08-5.851.2416.4627.11
+/- Category0.35-4.55-9.132.76-0.182.662.530.73
+/- Category Index-7.71-8.355.60-1.89-7.51-0.126.00-3.33
% Rank in Category5375553463414454
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.09   2.145.34
1 Week-5.45   -0.181.88
1 Month1.51   -6.16-2.17
3 Months14.63   -1.81-0.87
6 Months12.11   -0.872.62
YTD20.18   -2.26-0.30
1 Year30.61   0.973.68
3 Years Annualised6.74   3.483.64
5 Years Annualised9.24   -3.01-0.37
10 Years Annualised9.03   -1.38-2.34
 
Category: Sector Equity Precious Metals
Category Index: Morningstar Gbl Gold NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
202527.11---
20242.398.6511.59-6.19
20239.76-10.26-4.487.61
202210.52-20.49-5.3113.17
2021-12.163.00-8.9710.40
2020-12.8153.304.64-10.38
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average4 star
5-YearBelow AverageBelow Average3 star
10-YearAverageBelow Average3 star
OverallAverageBelow Average3 star
 
Category :  Sector Equity Precious MetalsClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev26.72 %
3-Yr Mean Return12.17 %
 
3-Yr Sharpe Ratio0.28
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Gold NR USD  Morningstar Gbl Gold NR USD
3-Yr Beta0.960.96
3-Yr Alpha1.611.61
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 7859-
Market Capitalisation% of Equity
Giant0.00
Large29.84
Medium43.42
Small25.93
Micro0.81
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.061.11
Price/Book1.851.08
Price/Sales2.621.08
Price/Cash Flow7.221.11
Dividend-Yield Factor1.481.10
 
Long-Term Projected Earnings Growth33.341.12
Historical Earnings Growth6.38-1.55
Sales Growth9.261.51
Cash-Flow Growth25.101.10
Book-Value Growth9.061.30
 
Category: Sector Equity Precious Metals
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock94.090.0094.09
Bond0.020.000.02
Property0.000.000.00
Cash11.4410.241.20
Other4.700.004.70
World Regions28/02/2025
 % of EquityRelative to Category
United States6.280.65
Canada70.621.16
Latin America0.000.00
United Kingdom5.571.25
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.02
Africa4.490.55
Middle East0.00-
Japan0.000.00
Australasia13.030.89
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Sector Equity Precious Metals
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials100.001.00
 
Category: Sector Equity Precious Metals
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings41
Total Number of Bond Holdings0
Assets in Top 10 Holdings54.10
NameSectorCountry% of Assets
Agnico Eagle Mines Ltd101Canada7.72
Kinross Gold Corp101Canada6.54
Newmont Corp101United States5.87
Barrick Gold Corp101Canada5.76
Endeavour Mining PLC101United Kingdom5.24
Wheaton Precious Metals Corp101Canada4.95
Alamos Gold Inc Class A101Canada4.94
Northern Star Resources Ltd101Australia4.70
Lundin Gold Inc101Canada4.19
Sprott Physical Silver TrustCanada4.19
 
Increase Decrease New since last portfolio
Category: Sector Equity Precious Metals
 
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 ManagerThomas Holl
Manager Start Date01/07/2015
Education
2006, University of Cambridge, B.A.
 
Biography
Tom Holl, CFA, Director, is a member of the Natural Resources team within the Fundamental Equity division of BlackRock’s Active Equity Group. He is responsible for covering the mining and gold sectors. Mr. Holl moved to his current role in 2008. His service with the BlackRock dates back to 2006, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Holl was a member of the Global Equity team and the Real Estate team as a member of the graduate training program. Mr. Holl earned a BA degree, with honors, in Land Economy from Cambridge University in 2006.
Fund ManagerEvy Hambro
Manager Start Date01/01/2002
 
Biography
Managing Director of BlackRock, Inc. since 2006 and Co-head of BlackRock’s Natural Resources Equity team; Portfolio Manager of Merrill Lynch Investment Managers, L.P. and its predecessor from 1994 to 2006.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.26%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.34%
Purchase Details
Minimum Investments
Initial100000  USD
Additional1000  USD
Savings-
Tax Free Savings Schemes
ISAsYes