# BlackRock Frontiers Investment Trust PLC (BRFI)

**Page:** https://fundology.uk/fund/brfi · ISIN GB00B3SXM832

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, BRFI (BlackRock Frontiers Investment Trust PLC, ISIN GB00B3SXM832) closed at £1.83 on the London Stock Exchange. Over the five years to 13/11/2026 its price changed by +33.6% (income paid out is not included), or +4.3% after UK CPIH inflation.

## Summary

BlackRock Frontiers Investment Trust PLC is an investment trust. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Latest close: **£1.83** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | BRFI |
| ISIN | GB00B3SXM832 |
| Category | Investment trusts |
| Type | Investment trust |
| Domicile | United Kingdom |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +5.17% | +1.45% | price only |
| 3 years | +33.58% | +20.68% | price only |
| 5 years | +33.58% | +4.26% | price only |

Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of BlackRock Frontiers Investment Trust PLC in pounds (price only, income paid out not included): 2022 −2.1%, 2023 +10.9%, 2024 +12.6%, 2025 +11.2%; 2026 to 13/11/2026 +2.2%. Returns of BlackRock Frontiers Investment Trust PLC in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +15.6%; to 30/09/2025: +15.2%; to 30/09/2024: +0.3%; to 30/09/2023: +12.7%; to 30/09/2022: +4.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -2.1% | -10.4% | Price |
| 2023 | +10.9% | +6.4% | Price |
| 2024 | +12.6% | +8.8% | Price |
| 2025 | +11.2% | +7.4% | Price |
| 2026 to 13/11/2026 | +2.2% | -1.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 20.99% | -17.48% |
| 3 years | 16.65% | -17.48% |
| 5 years | 16.52% | -17.48% |

## Largest fall

Volatility of BlackRock Frontiers Investment Trust PLC in pounds, annualised from weekly returns to 13/11/2026: 21.0% over 1 year, 16.6% over 3 years, 16.5% over 5 years. Largest fall in the price of BlackRock Frontiers Investment Trust PLC since November 2021, in pounds: −17.5% from 27/02/2026 to 27/03/2026. The lowest 12-month return of BlackRock Frontiers Investment Trust PLC in pounds (price only, income paid out not included) since January 2021 was −7.1% (12 months to 11/04/2025); the highest was +39.4% (12 months to 17/04/2026). On 13/11/2026 the price of BlackRock Frontiers Investment Trust PLC was 11.2% below its highest weekly close since November 2021 (27/02/2026), in pounds.

## Charges & eligibility

- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ISIN of BRFI?**

The ISIN of BRFI is GB00B3SXM832. An ISIN identifies one exact share class of a fund; BRFI is its ticker on the London Stock Exchange.

**What were BRFI’s returns in each of the last five years?**

Calendar-year returns of BRFI in pounds (price only, income paid out not included): 2022 −2.1%, 2023 +10.9%, 2024 +12.6%, 2025 +11.2%; 2026 to 13/11/2026 +2.2%. Past performance is not a guide to future returns.

**How has BRFI done after inflation?**

Over the five years to 13/11/2026 BRFI’s price changed by +33.6% (income paid out is not included), or +4.3% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.