Morningstar Fund Report  | 07/04/2025Print

BlackRock European Dynamic Fund D Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BlackRock European Dynamic Fund D Accumulation
Fund18.5-19.217.53.50.9
+/-Cat3.1-10.44.02.5-4.4
+/-B’mrk1.3-11.72.51.5-6.9
 
Category: Europe ex-UK Equity
Category Benchmark: Morningstar DM Eur xUK TME ...
Key Stats
NAV
07/04/2025		 GBX 986.14
Day Change -3.32%
Morningstar Category™ Europe ex-UK Equity
IA (formerly IMA) Sector Europe Excluding UK
ISIN GB00B5W2QB11
Fund Size (Mil)
31/03/2025		 GBP 4261.26
Share Class Size (Mil)
15/10/2024		 GBP 264.09
Max Initial Charge -
Ongoing Charge
10/02/2025		  0.91%
Morningstar Research
Analyst Report08/07/2024
Ronald van Genderen, Senior Analyst
Morningstar, Inc

BlackRock European Dynamic is managed by a high-quality team that experienced a period of significant change; but since 2019 it has developed to regain its footing, and we are therefore restoring our previous positive conviction. This results in...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: BlackRock European Dynamic Fund D Accumulation
The aim of the Fund is to provide a return on investor's investment (generated through an increase in the value of the assets held by the Fund) (gross of fees) over the long term (5 or more consecutive years beginning at the point of investment), by investing in companies incorporated or listed in Europe excluding the UK. In seeking to achieve its investment objective, the Fund will invest at least 70% of its total assets in equities (i.e. shares) and equity related investments (i.e. other investments whose value is related to equities) of companies incorporated or listed in Europe excluding the UK which the Investment Manager considers exhibit either growth or value investment characteristics (i.e. whether a company provides good value when considering factors such as estimated future earnings and value of shares relative to a company’s cash flow (i.e. a measure of the amount of cash generated by a company’s normal business operations).
Returns
Trailing Returns (GBP)07/04/2025
YTD-8.60
3 Years Annualised2.36
5 Years Annualised10.30
10 Years Annualised8.83
12 Month Yield 0.82
Management
Manager Name
Start Date
Giles Rothbarth
01/02/2019
Inception Date
26/02/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE World Eur Ex UK TR GBPMorningstar DM Eur xUK TME NR EUR
Portfolio Profile for  BlackRock European Dynamic Fund D Accumulation28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.880.0098.88
Bond0.180.000.18
Property0.000.000.00
Cash8.677.730.94
Other0.000.000.00
Top 5 Regions%
Eurozone57.77
Europe - ex Euro34.10
United States4.85
United Kingdom3.28
Canada0.00
Top 5 Sectors%
Industrials29.69
Financial Services17.55
Technology15.69
Consumer Cyclical13.27
Healthcare12.11
Top 5 HoldingsSector%
Novo Nordisk AS Class BHealthcareHealthcare7.13
Compagnie Financiere Richemont S... Consumer CyclicalConsumer Cyclical4.02
ASML Holding NVTechnologyTechnology4.01
MTU Aero Engines AGIndustrialsIndustrials3.89
AIB Group PLCFinancial ServicesFinancial Services3.86
Increase Decrease New since last portfolio
BlackRock European Dynamic Fund D Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  BlackRock European Dynamic Fund D Accumulation
Category:  Europe ex-UK Equity
Category Index:  Morningstar DM Eur xUK TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-13.0430.0734.7618.50-19.1817.523.550.88
+/- Category-1.2810.8125.393.09-10.443.992.54-4.36
+/- Category Index--26.861.28-11.712.531.53-6.85
% Rank in Category67421989151886
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.32   0.880.22
1 Week-9.39   -2.29-0.57
1 Month-16.02   -7.98-3.06
3 Months-10.44   -9.58-6.63
6 Months-11.10   -7.30-5.03
YTD-8.60   -8.10-6.82
1 Year-13.73   -8.44-8.36
3 Years Annualised2.36   -1.95-3.01
5 Years Annualised10.30   -0.870.56
10 Years Annualised8.83   2.162.53
 
Category: Europe ex-UK Equity
Category Index: Morningstar DM Eur xUK TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.88---
202411.020.01-3.23-3.63
202310.752.07-4.358.68
2022-12.69-17.45-0.4212.61
2021-1.2211.992.544.48
2020-14.1825.077.6416.65
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageHigh2 star
5-YearAbove AverageHigh3 star
10-YearHighAbove Average5 star
Overall*Above AverageHigh4 star
 
Category :  Europe ex-UK EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.97 %
3-Yr Mean Return5.65 %
 
3-Yr Sharpe Ratio0.10
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar DM Eur xUK TME NR EUR  Morningstar Dev Europe Grt TME NR EUR
3-Yr Beta1.141.07
3-Yr Alpha-3.72-1.02
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 48149-
Market Capitalisation% of Equity
Giant39.60
Large46.83
Medium12.56
Small1.01
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings20.951.32
Price/Book3.631.59
Price/Sales3.281.99
Price/Cash Flow19.891.75
Dividend-Yield Factor2.770.85
 
Long-Term Projected Earnings Growth13.211.30
Historical Earnings Growth22.623.01
Sales Growth7.742.15
Cash-Flow Growth14.404.68
Book-Value Growth7.291.31
 
Category: Europe ex-UK Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.880.0098.88
Bond0.180.000.18
Property0.000.000.00
Cash8.677.730.94
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States4.852.83
Canada0.000.00
Latin America0.00-
United Kingdom3.282.11
Eurozone57.770.86
Europe - ex Euro34.101.17
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Europe ex-UK Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials10.271.56
Consumer CyclicalConsumer Cyclical13.271.31
Financial ServicesFinancial Services17.550.88
HealthcareHealthcare12.110.85
Communication ServicesCommunication Services1.420.36
IndustrialsIndustrials29.691.41
TechnologyTechnology15.691.30
 
Category: Europe ex-UK Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings46
Total Number of Bond Holdings0
Assets in Top 10 Holdings39.81
NameSectorCountry% of Assets
Novo Nordisk AS Class B206Denmark7.13
Compagnie Financiere Richemont SA Cla... 102Switzerland4.02
ASML Holding NV311Netherlands4.01
MTU Aero Engines AG310Germany3.89
AIB Group PLC103Ireland3.86
Linde PLC101United States3.80
Compagnie de Saint-Gobain SA310France3.45
Adyen NV311Netherlands3.39
UniCredit SpA103Italy3.19
Hermes International SA102France3.09
 
Increase Decrease New since last portfolio
Category: Europe ex-UK Equity
 
Management
Name of CompanyBlackRock Fund Managers Limited
Phone020 7743 3000
Website -
Address12 Throgmorton Avenue
 London   EC2N 2DL
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date26/02/2010
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd.
Fund ManagerGiles Rothbarth
Manager Start Date01/02/2019
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.91%
Purchase Details
Minimum Investments
Initial100000  GBP
Additional100  GBP
Savings-
Tax Free Savings Schemes
ISAsYes