From 31 March 2026, we’re updating the fund name for six BlackRock funds, available as part of our TargetPlan fund range across all share classes. We’re also updating the fund objective for two funds.
Nothing else about the funds will change because of this update.
The changes in more detail
The underlying fund manager, BlackRock, has updated the name and objective for some funds used in our TargetPlan fund range. To make sure our version of the funds matches the underlying funds, we’re updating them.
There are more details in the tables below.
Name changes
Existing fund name |
New fund name |
|---|---|
Aegon BlackRock World ESG Equity Tracker (BLK) |
Aegon BlackRock World ESG Screened and Optimised Equity Tracker |
Aegon BlackRock World Multifactor ESG Equity Tracker (BLK) |
Aegon BlackRock World Multifactor ESG Screened and Optimised Equity Tracker |
Aegon BlackRock ESG Strategic Growth (BLK) |
Aegon BlackRock ESG Screened and Selected Strategic Growth |
Aegon Blackrock Pacific (ex-Japan) Equity Tracker (BLK) |
Aegon BlackRock Pacific ex Japan Equity ESG Screened and Optimised Tracker |
Aegon Blackrock ESG Sterling Corporate Bond (BLK) |
Aegon BlackRock ESG Screened Sterling Corporate Bond Index |
Aegon Blackrock Emerging Markets Equity Index Tracker (BLK) |
Aegon BlackRock Emerging Markets Equity ESG Screened and Optimised Tracker |
Source: Aegon UK
Objective changes
The fund objective explains how the fund invests and what it’s trying to achieve for investors.
Fund name |
Existing fund objective |
New fund objective |
|---|---|---|
Aegon Blackrock ACS World Small Cap ESG Screened Equity Tracker (BLK) |
This fund aims to produce a return in line with its benchmark by investing in shares of smaller companies from across the globe. Derivatives may also be used for investment and efficient portfolio management purposes. The use of derivatives is expected to be limited. This fund uses a set of exclusionary criteria which removes exposure to certain companies based on Environmental, Social and Governance (ESG) concerns. The exclusionary thresholds and definitions are owned by a third party and subject to change. |
The fund aims to provide a return (before charges) by tracking closely the performance of the MSCI World Small Cap ESG Screened Index (the benchmark). Derivatives may also be used for investment and efficient portfolio management purposes. |
Aegon BlackRock ESG Screened and Selected Strategic Growth (previously Aegon BlackRock ESG Strategic Growth (BLK)1) |
The fund aims to deliver over the long-term (over a period of seven years) a return of 4.5% per year (after charges) over the Bank of England's Base Interest Rate in a manner consistent with the principles of environmental, social and governance (ESG)-focused investing. In addition, the fund aims to manage risk through active asset allocation with a view to having a lower volatility than the volatility of the monthly returns (converted into an annual rate) of the MSCI All Country World Index (GBP) over a 7-year period. |
The fund aims to deliver over the long-term (over a period of seven years) a return of 4.5% per year (before charges) over the Bank of England's Base Interest Rate whilst incorporating ESG commitments. In addition, the fund aims to manage risk through active asset allocation with a view to having a lower volatility than the volatility of the monthly returns (converted into an annual rate) of the MSCI All Country World Index (GBP) over a 7-year period. |
Source: Aegon UK
1Part of name change above.
There’s no guarantee the funds will meet their objectives. The value of an investment can fall as well as rise and isn’t guaranteed. Investors could get back less than they invest.
Investors will start to notice the changes on their online account, plan statement, in our literature and on our website from 31 March 2026 onwards. We’ll update our literature and our website as soon as we can, but investors may notice the old and new information in use for a time, for example on our fund factsheets.
What current investors need to do
Existing investors don’t need to do anything.
You can find more information about these funds in the fund factsheets on the ‘Fund prices and performance' page of our website by viewing ‘TargetPlan funds’ and searching for the fund name.
You should speak to your financial adviser in the first instance if you need advice about your investments. There’s likely to be a charge for this. If you don’t have a financial adviser, you can find one in your area by visiting moneyhelper.org.uk/choosing-a-financial-adviser.