BlackRock International Impact Fund
Data updated: 2023-09-27
C000219487 — BlackRock International Impact Fund. Emerging Markets Blend / Core Equity · $4.60M AUM. Holdings, fees, performance and SEC filings.
C000219487 Fund Overview
BlackRock International Impact Fund is a US mutual fund managed by Blackrock Funds, categorised as Emerging Markets Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Blackrock Funds
- Category: Emerging Markets Blend / Core Equity
- Assets under management: $4.60M
- 1-year return: -6.4%
- SEC CIK: 0000844779
- SEC series ID: S000068584
- Share class ID: C000219487
C000219487 Investment Objective and Strategy
BlackRock International Impact Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Funds.
Investment objective
The investment objective of BlackRock International Impact Fund (the Fund), a series of BlackRock Funds SM (the Trust), is to seek total return.
Principal investment strategy
Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of foreign issuers and other financial instruments that have similar economic characteristics to such securities. Equity securities include, but are not limited to, common stock, preferred stock, convertible securities and depositary receipts. The Fund may invest in emerging market issuers, and may invest in issuers of any market capitalization, including small- to mid-capitalization companies. BlackRock will seek to invest in portfolio securities that BlackRock believes (i) can bring additional and measurable impact based on the Impact Themes (as defined below) and (ii) also have the potential to produce attractive long-term returns across economic sectors.
As part of its methodology, BlackRock identifies Impact Themes (including, but not limited to, affordable housing, education and skilling, financial and digital inclusion, public health, safety and security, efficiency, electrification and digitalization, green energy, pollution remediation and prevention, sustainable food, water and waste) that seek to encapsulate companies which are helping to address the United Nations Sustainable Development Goals (SDGs) through their products and services. The SDGs are a series of goals published by the United Nations that recognize that ending poverty and other deprivations must go hand-in-hand with improvements in health, education, and economic growth, and reduction in inequalities, while tackling climate change and working to preserve the planets oceans and forests.
BlackRock maps its Impact Themes to the SDGs and considers whether a portfolio companys core business areas align to the Impact Themes. BlackRock considers three main criteria when selecting portfolio constituents for the investment universe: materiality (that a majority of revenues or business activity advances one or more of the SDGs); additionality (that a companys products and/or services address a specific need that is unlikely to be met by other institutions); and measurability (that the impact a company is achieving over time can be quantified). Foreign securities may include securities (i) of foreign government issuers, (ii) of issuers organized or located outside the United States, (iii) of issuers which primarily trade in a market located outside the United States, or (iv) of issuers doing a substantial amount of business outside the United States, which the Fund considers to be companies that derive at least 50% of their revenue or profits from business outside the United States or have at least 50% of their sales or assets outside the United States.
The Fund will allocate its assets among various regions and countries, including the United States (but in no fewer than three different countries). From time to time, the Fund may invest a substantial amount of its assets in issuers located in a single country or a limited number of countries. The Fund may enter into forward foreign exchange transactions in order to hedge (or protect) the value of its assets against adverse movements in currency exchange rates. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the Investment Company Act).
C000219487 Holdings
Top 10 holdings of BlackRock International Impact Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Safaricom plc | 5.31% |
| LEG Immobilien SE | 5.16% |
| SL Liquidity Series, LLC | 4.82% |
| Bank Rakyat Indonesia Persero Tbk. PT | 4.43% |
| Brookfield Renewable Corp. | 4.20% |
| Katitas Co. Ltd. | 4.03% |
| Mimecast Ltd. | 3.93% |
| Koninklijke Philips NV | 3.85% |
| Koninklijke DSM NV | 3.72% |
| MercadoLibre, Inc. | 3.67% |
C000219487 Portfolio Allocation
Asset-class allocation of BlackRock International Impact Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.4% |
| Cash & Equivalents | 6.5% |
C000219487 Performance
Total returns for C000219487 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -6.4% |
| 3 years (annualised) | -4.4% |
C000219487 Risk Information
Risk metrics for C000219487, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.4%
C000219487 Costs and Fees
C000219487 costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 1.54%
- Portfolio turnover: 85%
- Brokerage commissions: 6.18 bps of average net assets (SEC N-CEN)
C000219487 Cashflows
Over the 12 months to 2023-07, BlackRock International Impact Fund had net outflows of $842.66K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-07 | $225 |
| 2023-06 | $81 |
| 2023-05 | $5.08K |
| 2023-04 | $108 |
| 2023-03 | $2.06K |
| 2023-02 | $609 |
C000219487 Debt Constituents
No individual debt constituents are reported in BlackRock International Impact Fund's latest SEC N-PORT filing.
C000219487 Prospectus and SEC Filings
Official BlackRock International Impact Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-08-24
- Prospectus (485BPOS) — filed 2021-08-26
- Prospectus supplement (497) — filed 2021-02-12
- Portfolio holdings (N-PORT) — filed 2023-09-27
- Portfolio holdings (N-PORT) — filed 2023-06-26
- Portfolio holdings (N-PORT) — filed 2023-03-28
- Annual census (N-CEN) — filed 2023-07-12
- Annual census (N-CEN) — filed 2022-07-12
Related Funds
Other Emerging Markets Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.