Sustainable, Responsible &/or ESG Policy:

Objectives

The Fund aims to maximise the return on your investment through a combination of long term capital growth and income on the Fund’s
assets.

The Fund will seek to achieve its objective by investing primarily in the equity securities (e.g. shares) of large and medium capitalisation companies listed on a stock exchange in North America (meaning Bermuda, Canada, Greenland, Saint Pierre and Miquelon and United States of America, as defined by the United Nation’s publication “Standard Country or Area Codes for Statistical Use”) or otherwise having a certain level of business in or operational connection with North America (as previously defined). Market capitalisation is the share price of the company multiplied by the number of shares in issue. The Fund will also have the ability to invest in equity securities of companies listed on other stock exchanges and/or companies located outside of North America.

The Manager will take into account certain environmental, social and governance (ESG) characteristics when selecting the securities to be held directly by the Fund. In doing so, it will apply BlackRock EMEA Baseline Screens, whereby the Manager will seek to limit and/or exclude direct investment (as applicable) in issuers which, in the opinion of the Manager, have exposure to, or ties with, certain sectors. For further details please refer to the BlackRock website at www.blackrock.com/baselinescreens

The Manager seeks to deliver a superior ESG outcome versus the Reference Index (the Russell 1000 Value Index or such other index as may be agreed by the Fund and the Manager to be appropriate from time to time) by aiming for the Fund’s portfolio to achieve: (i) a better ESG score than the Reference Index; and (ii) a lower carbon emissions intensity score than the Reference Index. However, there can be no guarantee that these aims will be achieved.

The Fund may also invest in equity-related (ER) securities (such as depositary receipts which are investments issued by financial institutions which give exposure to underlying securities), other funds, fixed income securities (such as bonds), money market instruments (MMIs) (i.e. debt securities with short term maturities), convertible securities (fixed income securities that can be exchanged for shares on or before maturity) and preference shares (shares which give their holders an entitlement to a fixed dividend but which do not usually carry voting rights). The fixed income securities and MMIs may be issued by governments, government agencies, companies and supranationals.

 The Fund may invest in the full range of fixed income securities which may include investments with a relatively low credit rating or which are unrated.

The Investment Manager may use derivatives (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective. These may include call options whereby the buyer has the right, but not the obligation, to buy a specified quantity of a security at a specified price within a fixed period of time. The use of derivatives is expected to be limited.

The Fund may borrow to purchase assets for the Fund. The Fund may, via derivatives and borrowing, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). This will magnify any gains or losses made by the Fund.

The Fund is actively managed and the Investment Manager has discretion to select the Fund's investments.

The Fund’s full investment objective and policy is set out in the current AIFMD Fund Disclosures document, which can be found at www.blackrock.com/uk/individual/products/investment-trusts/our-range

 

(Source: KIID, as at January 2025)

 

 

SDR Labelling:

Unlabelled with sustainable characteristics

SDR Literature:

• Consumer Facing Disclosure