BlackRock Global Dividend Income Fund
Focusing on High-Quality, High-Yielding Companies
Investors are facing challenges finding core investments that generate meaningful yield; the team offers a compelling opportunity — a high-yielding, high-quality, global equity portfolio.
The BlackRock Global Dividend Income Fund can be acore investment holding designed to generate meaningful income and total return in a slow growth, low-rate environment while providing a degree of downside protection. This fund offers:
A Powerful Combination: High Yield and High Dividend Growth Rate
Source: BlackRock and Merrill Lynch Global Quantitative Strategy, MSCI, Worldscope, as of December 31, 2011. Index performance is shown for illustrative purposes only. It is not possible to invest directly in an index.
Focus on Yield & Growth
Dividends and the growth of dividends over time are the most important components of a stock's long-term performance. History shows that over 90% of equity returns are derived from a company's dividend yield and dividend growth, as opposed to changes in valuation.1 High-quality companies that pay dividends offer a level of stability not offered by non-dividend paying companies. Those companies that have reliably grown their dividend payments over time have been particularly helpful in smoothing out short-term volatility and providing the potential for better risk-adjusted total returns.
Global Yield Opportunities
In today's rapidly changing global economy, opportunities to find income stretch beyond geographic boundaries with many high-yielding, high-quality companies domiciled overseas. The BlackRock Global Dividend Income Fund's flexible strategy allows the investment team to find what they feel are the best investment opportunities in high-dividend-paying, dividend-growing companies anywhere in the world. Their goal is to give investors the benefits typically associated with diversifying sources of income and increasing overall exposure to some of the world's highest-quality companies.
Global Team with Regional Expertise
Portfolio managers and regional specialists located on three continents work together to find the best investment opportunities across the globe. By leveraging European, Asia-Pacific and US local expertise, the team is able to identify regional economic and company-specific developments as they unfold. Additionally, the portfolio management team is supported by eight global sector specialists, who continually seek the best investment ideas within their sectors of expertise. The team continually draws on BlackRock's extensive suite of risk management analytics to measure the potential impact of various geographic, sector and security strategies on total return. The team's global network provides investors with a unique advantage, allowing it to identify opportunities and spot potential risk early on.
Portfolio Management Team
The team is led by Portfolio Managers Richard Turnill and Stuart Reeve. However, from their base in London, they are able to benefit from regional expertise from around the world due to BlackRock's global footprint while also taking advantage of analyst-driven idea generation from the team's own global sector specialists.
Investor A : BABDX
Investor C: BCBDX
Institutional: BIBDX
Overall Morningstar Rating ™
Investor C shares as rated against 704 World Stock Funds, as of 5/31/12, based on risk-adjusted total return. ‡
"High dividend yield and high dividend growth" represented by those stocks in the MSCI All Country World Index (MSCI ACWI) with above average dividends and above average dividend growth rates, "High dividend yield" as defined by those stocks in the MSCI ACWI with above-average dividend yields and "High dividend yield and low dividend growth" represented by those stocks in the MSCI ACWI with above-average dividend yields and below average growth rates. Past performance does not guarantee future results. 1 Sources: BlackRock and GMO.
IMPORTANT RISKS OF THE FUND
Past performance is no guarantee of future results. The fund is actively managed and its characteristics will vary. Any holdings shown are for information only and should not be deemed as a recommendation to buy or sell the securities mentioned. Stock values fluctuate in price so the value of your investment can go down depending on market conditions. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and possibility of substantial volatility due to adverse political, economic or other developments. The fund may actively engage in short-selling, which entails special risks. If the fund makes short sales in securities that increase in value, the fund will lose value. Any loss on short positions may or may not be offset by investing short-sale proceeds in other investments. Investing in derivatives entails specific risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility.
‡ Ratings are determined monthly and subject to change. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) BlackRock Global Dividend Income Fund was rated against the following numbers of US-domiciled World Stock funds over the following time periods: 704 in the last 3 years. With respect to these World Stock funds, BlackRock Global Dividend Income Fund received a Morningstar Rating of 3 stars. Morningstar Rating is for the Investor C share class only; other classes may have different performance characteristics. ©2012 Morningstar, Inc. All rights reserved.