Morningstar Fund Report  | 05/04/2025Print

BlackRock Global Funds - World Mining Fund D2

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BlackRock Global Funds - World Mining Fund D2
Fund18.114.6-5.3-8.62.6
+/-Cat0.55.0-1.8-4.61.3
+/-B’mrk-9.4-15.41.5-1.8-1.4
 
Category: Sector Equity Natural Resources
Category Benchmark: Morningstar Gbl Upstm Nat R...
Key Stats
NAV
04/04/2025		 USD 62.68
Day Change -5.67%
Morningstar Category™ Sector Equity Natural Resources
ISIN LU0252968341
Fund Size (Mil)
31/03/2025		 USD 4168.64
Share Class Size (Mil)
03/04/2025		 USD 207.83
Max Initial Charge 5.26%
Ongoing Charge
04/02/2025		  1.32%
Investment Objective: BlackRock Global Funds - World Mining 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 mining and metals companies whose predominant economic activity is the production of base metals and industrial minerals such as iron ore and coal. The Fund may also hold the equity securities of companies whose predominant economic activity is in gold or other precious metal or mineral mining. The Fund does not hold physical gold or metal.
Returns
Trailing Returns (GBP)04/04/2025
YTD-6.55
3 Years Annualised-10.44
5 Years Annualised12.95
10 Years Annualised7.49
12 Month Yield 0.00
Management
Manager Name
Start Date
Evy Hambro
24/03/1997
Olivia Markham
01/05/2015
Inception Date
19/05/2006

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI Me&Mi 30% Bf 10/40 NR USDMorningstar Gbl Upstm Nat Res NR USD
Portfolio Profile for  BlackRock Global Funds - World Mining Fund D228/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.300.0099.30
Bond0.010.000.01
Property0.000.000.00
Cash6.685.990.70
Other0.000.000.00
Top 5 Regions%
Canada35.71
United States21.24
United Kingdom13.70
Australasia11.97
Europe - ex Euro8.35
Top 5 Sectors%
Basic Materials98.36
Energy1.64
Top 5 HoldingsSector%
Agnico Eagle Mines LtdBasic MaterialsBasic Materials7.15
Rio Tinto PLC Registered SharesBasic MaterialsBasic Materials7.03
Glencore PLCBasic MaterialsBasic Materials6.06
Wheaton Precious Metals CorpBasic MaterialsBasic Materials5.69
Anglo American PLCBasic MaterialsBasic Materials5.51
Increase Decrease New since last portfolio
BlackRock Global Funds - World Mining Fund D2
Growth Of 1000 (GBP) 31/03/2025
Fund:  BlackRock Global Funds - World Mining Fund D2
Category:  Sector Equity Natural Resources
Category Index:  Morningstar Gbl Upstm Nat Res NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-11.2315.8830.1318.0814.62-5.33-8.642.59
+/- Category4.002.7018.350.535.02-1.80-4.571.30
+/- Category Index-8.041.8331.89-9.40-15.391.52-1.84-1.37
% Rank in Category2027175741608047
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-5.67   -2.83-1.72
1 Week-11.44   -5.90-6.81
1 Month-8.91   -5.03-7.33
3 Months-8.46   -2.44-6.52
6 Months-17.72   -6.77-10.12
YTD-6.55   -3.25-6.51
1 Year-15.43   -3.98-5.50
3 Years Annualised-10.44   -6.30-6.97
5 Years Annualised12.95   -1.24-0.83
10 Years Annualised7.49   1.19-0.13
 
Category: Sector Equity Natural Resources
Category Index: Morningstar Gbl Upstm Nat Res NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.59---
2024-2.992.433.63-11.28
20230.09-7.390.221.90
202225.98-22.222.3814.26
20217.108.27-9.3812.37
2020-25.1337.497.4617.65
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAbove Average2 star
5-YearAbove AverageAbove Average3 star
10-YearAbove AverageAbove Average3 star
Overall*Above AverageAbove Average3 star
 
Category :  Sector Equity Natural ResourcesClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev21.27 %
3-Yr Mean Return-4.78 %
 
3-Yr Sharpe Ratio-0.42
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Upstm Nat Res NR USD  Morningstar Global Bas Mat TME NR USD
3-Yr Beta1.221.16
3-Yr Alpha-2.68-2.93
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 24105-
Market Capitalisation% of Equity
Giant14.72
Large41.45
Medium37.67
Small4.81
Micro1.34
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.171.22
Price/Book1.651.03
Price/Sales1.211.06
Price/Cash Flow8.021.05
Dividend-Yield Factor3.061.07
 
Long-Term Projected Earnings Growth16.071.20
Historical Earnings Growth-21.971.66
Sales Growth4.751.26
Cash-Flow Growth-6.21-0.21
Book-Value Growth7.041.06
 
Category: Sector Equity Natural Resources
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.300.0099.30
Bond0.010.000.01
Property0.000.000.00
Cash6.685.990.70
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States21.240.74
Canada35.711.29
Latin America6.071.53
United Kingdom13.701.27
Eurozone0.000.00
Europe - ex Euro8.351.31
Europe - Emerging0.000.00
Africa2.960.92
Middle East0.000.00
Japan0.000.00
Australasia11.971.24
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Sector Equity Natural Resources
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials98.361.42
EnergyEnergy1.640.08
 
Category: Sector Equity Natural Resources
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings48
Total Number of Bond Holdings1
Assets in Top 10 Holdings51.75
NameSectorCountry% of Assets
Agnico Eagle Mines Ltd101Canada7.15
Rio Tinto PLC Registered Shares101United Kingdom7.03
Glencore PLC101Switzerland6.06
Wheaton Precious Metals Corp101Canada5.69
Anglo American PLC101United Kingdom5.51
BHP Group Ltd101Australia5.34
Freeport-McMoRan Inc101United States4.74
Newmont Corp101United States3.50
Nucor Corp101United States3.43
Barrick Gold Corp101Canada3.30
 
Increase Decrease New since last portfolio
Category: Sector Equity Natural Resources
 
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.
BlackRock (Singapore) Ltd
Fund ManagerEvy Hambro
Manager Start Date24/03/1997
 
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.
Fund ManagerOlivia Markham
Manager Start Date01/05/2015
 
Biography
Olivia Markham is co-manager of the BlackRock World Mining Trust and is also manager of the BlackRock Commodities Income Investment Trust plc and a member of the Natural Resources Team. Olivia covers the gold and mining sectors and is involved in the management of a number of the team’s portfolios, including an institutional energy and mining mandate. She joined BlackRock in 2011. Her previous roles included heading the European mining team at UBS and spending 5 years in the mergers and acquisitions team at BHP Billiton. Olivia has a degree with honours in finance
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.26%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.32%
Purchase Details
Minimum Investments
Initial100000  USD
Additional1000  USD
Savings-
Tax Free Savings Schemes
ISAsYes