III - FundFactsheet

Investment Objective: To provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company’s investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.

  Dealing Charge  Star Rating Risk Level   12 Month Performance
£10 5 HighHighHighHighHigh 424.00 330.00
Quick Stats Purchase info
Currency: GBX Change on day 1.46% Sector IT Commodities & Natural Resources Min: -
Bid price: 346.50 YTD return -9.39% Market Value(£m) 614.95 ISA: Yes
Mid price: 348.50 Yield 4.48% Asset type INVT Discount(-)
/Premium(+)
-12.64
Offer price 348.50 Type ORDN Launch date 01/12/1993 Gearing % 15
Performance - View all
Key Chart Instrument 1 mth 6 mths 1 yr 3 yrs
BlackRock World Mining IT -0.87% -7.47% 0.00% 90.07%
IT Commodities & Natural Resources -3.66% -9.05% -2.67% 46.73%
BlackRock World Mining IT NAV -3.31 -6.05 -1.46 90.29



Sector Weighting - as at 31/07/18
Region Weighting - click here
Sector % of fund
Other Metals 21.09
Gold 13.63
Precious Metals & Stones 7.66
Mineral Extraction 6.87
Iron & Steel Products 0.90
Industrial Commodities 0.80
Region Weighting - as at 31/07/18
Sector Weighting - click here
Region % of fund
International 62.49
Australasia 10.55
Latin America 10.55
Canada 6.57
Africa 6.27
USA 1.19
South Africa 0.70
Indonesia 0.40
Kazakhstan 0.40

Sector/Region weightings are currently unavailable

Investment Objective

To provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company’s investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.

Fund Manager

Evy Hambro

Click here for Fund manager’s performance biography

Since: 01/05/2009

Biography:Evy Hambro, Managing Director, is the joint Chief Investment Officer of the Natural Resources Equity team within BlackRock's EMEA Fundamental Equity Portfolio Management Group. He is responsible for the management of BGF World Mining, BGF World Gold, BlackRock Gold and General Fund and BlackRock World Mining Trust. He is also co-manager of BlackRock's Natural Resources Hedge Fund and manger of a number of segregated portfolios. Mr. Hambro's service with the firm dates back to 1994, including his years with Mercury Asset Management & Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr. Hambro earned a BSc degree, with honours, in Agricultural Food marketing, from Newcastle University in 1994.

Fund Manager

Olivia Markham

Since: 01/05/2015

Biography:Olivia Markham, CFA, Director and portfolio manager, is a member of the Natural Resources Equity team within the Fundamental Equity division of BlackRock's Alpha Strategies Group. She co-manages the BlackRock World Mining Trust, the BGF World Mining Fund, the Commodities Income Investment Trust and a number of the team’s segregated portfolios. Ms. Markham joined BlackRock in 2011. Previously, she was head of the European Mining team at UBS with lead coverage of the UK diversified miners. Before moving to London in 2009, Ms. Markham worked for Merrill Lynch in Sydney covering the Australian miners. She also spent four years working within the Mergers and Acquisition team at BHP Billiton. Ms. Markham earned a BComm degree in finance from the University of Western Australia in 2003.

Quick Stats
TIDM code BRWM Legal structure InvestmentTrusts Currency GBX
ISIN code GB0005774855 Market Value £614.95 M at 18/09/2018 Price date 18/09/2018
Risk Level HighHighHighHighHigh Star rating 5 Pricing freq Daily
Sector IT Commodities & Natural Resources Valor code - WKN Code -
Bid price 346.50 Mid price 348.50 Offer Price 348.50
Benchmark Euromoney Global Mining Yield 4.48% Launch date 01/12/1993
Domicile United Kingdom Asset type ORDN ISA Yes
NAV 398.91 Discount (-)
/Premium(+)
-12.64 Gearing % 15
Purchase & Other Information
Min.investment -
Min.top-up -
Standard (Fund Manager) Initial Charge 0.75%
Interactive Investor Initial Charge -
Ongoing Charges 1.00% at 31/12/2017
Compliant AIC Member,
Dividend dates Mar 16, Jun 01, Aug 17, Nov 23
For sale in United Kingdom,
Performance Chart in (GBX)

Shareholder Total Return.

Past performance is not a guide to future performance. Fund performance data doesn’t take into account fees and expenses which are specific to individual plans. Details are available on request.

Cumulative Performance in GBX
  3 mth 6 mth 1 yr 3 yr 5 yr
Investment -11.82% -7.47% 0.00% 90.07% -6.60%
Sector -10.41% -9.05% -2.67% 46.73% -27.92%
Relative to sector -1.41% 1.58% 2.67% 43.34% 21.32%
Rank within sector 7/9 5/9 6/9 2/9 3/7
Quartile 3rd 2nd 3rd 1st 2nd
Discrete Annual Performance to Last Quarter End in GBX
  0-12m 12m-24m 24m-36m 36m-48m 48m-60m
Investment 20.78% 29.34% 3.06% -33.91% 13.22%
Sector 10.75% 28.05% -7.06% -31.20% -7.50%
Relative to sector 10.03% 1.29% 10.12% -2.71% 20.72%
Rank within sector 3/9 5/9 4/9 6/9 2/7
Quartile 1st 2nd 2nd 3rd 1st
Performance by Calendar Year in GBX
  YTD 2017 2016 2015 2014
Investment -9.39% 24.21% 100.60% -36.97% -30.36%
Sector -8.72% 13.36% 61.84% -38.98% -21.51%
Relative to sector -0.67% 10.85% 38.76% 2.01% -8.85%
Rank within sector 7/9 3/9 1/9 6/9 7/8
Quartile 3rd 1st 1st 3rd 4th
Investment Price Movement
12 month high 424.00 (British Pence) 12 month low 330.00 (British Pence)
Risk Statistics
Volatility Alpha Beta Sharpe Tracking Error Information Ratio R2
Investment 28.36 6.30 1.23 0.72 17.05 0.46 0.64
Asset Weightings as at July 31, 2018
Rank Change Name % Weighting
1 NoChange Commodity & Energy 100.00%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Region Weightings as at July 31, 2018
Rank Change Name % Weighting
1 NoChange International 62.49%
2 Riser Australasia 10.55%
3 Faller Latin America 10.55%
4 NoChange Canada 6.57%
5 NoChange Africa 6.27%
6 Riser USA 1.19%
7 Faller South Africa 0.70%
8 NewEntry Indonesia 0.40%
9 NoChange Kazakhstan 0.40%
10 nochange Others 0.88%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Sector Weightings as at July 31, 2018
Rank Change Name % Weighting
1 NoChange Other Metals 21.09%
2 NoChange Gold 13.63%
3 NoChange Precious Metals & Stones 7.66%
4 NoChange Mineral Extraction 6.87%
5 Riser Iron & Steel Products 0.90%
6 Faller Industrial Commodities 0.80%
7 nochange Others 49.05%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Top Holdings as at July 31, 2018
Rank Change Name % Weighting
1 NoChange RIO TINTO 10.60%
2 NoChange BHP BILLITON PLC 10.20%
3 Riser VALE SA 8.90%
4 Faller GLENCORE PLC 7.80%
5 NoChange FIRST QUANTUM MINERALS 7.30%
6 NoChange TECK RESOURCES LTD 5.80%
7 NoChange SOCIEDAD MINERA CERRO VERDE SA 3.30%
8 NoChange MOUNTAIN PROVINCE DIAMONDS INC 2.80%
9 NewEntry AVANCO RESOURCES - ROYALTY 2.30%
10 NoChange OZ MINERALS LTD 2.30%
Total 61.30%
  •  Faller
  •  Riser
  •  No change
  • new  New entry