Equity

BlackRock UK Equity Absolute Return Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The Fund uses derivatives as part of its investment strategy including the establishment of both ‘long’ and ‘synthetic short’ positions and the creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. However, the use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. Investors should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general market trends or fully benefit from a positive market environment. The Fund utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The strategies utilized by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. Investors in this Fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general market trends or fully benefit from a positive market environment. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

This fund does not have any distributions data as of now.
  From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
Total Return (%)

as of Dec 31, 2021

-0.13 -6.95 7.88 -2.73 -0.24
Benchmark (%)

as of Dec 31, 2021

0.35 0.72 0.81 0.29 0.09
  1Y 3Y 5Y 10y Incept.
-0.24 1.54 -0.55 - -0.16
Benchmark (%)

as of Dec 31, 2021

0.09 0.40 0.45 - 0.45
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-0.24 0.83 0.14 -0.24 4.68 -2.73 - -0.84
Benchmark (%)

as of Dec 31, 2021

0.09 0.02 0.04 0.09 1.19 2.28 - 2.38
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Jan 19, 2022 GBP 196.582
12m Trailing Yield -
Number of Holdings as of Dec 31, 2021 69
Base Currency British Pound
Fund Inception Date Aug 18, 2016
Share Class Inception Date Sep 28, 2016
Asset Class Equity
Morningstar Category Equity Market Neutral EUR
Benchmark Index 3 Month SONIA Compounded in Arrears + 11.9 basis points spread
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 2.38%
ISIN LU1495982198
Bloomberg Ticker BSUE2EH
Annual Management Fee 2.00%
Initial Charge 3.00%
Performance Fee 20.00%
SEDOL BDCFZZ3
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Dec 31, 2021 0.10
3y Beta as of Dec 31, 2021 10.004
5y Volatility - Benchmark as of Dec 31, 2021 0.09
5y Beta as of Dec 31, 2021 2.658

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BlackRock UK Equity Absolute Return Fund, Class E2 Hedged, as of Dec 31, 2021 rated against 187 Equity Market Neutral EUR Funds.

Risk Indicator

Risk Indicator

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Low Yield High Yield

Holdings

Holdings

as of Dec 31, 2021
Name Weight (%)
RELX PLC 5.86
TESCO PLC 5.23
ASTRAZENECA PLC 5.09
RECKITT BENCKISER GROUP PLC 5.06
RIO TINTO PLC 4.50
Name Weight (%)
BRITISH AMERICAN TOBACCO PLC 4.19
RENTOKIL INITIAL PLC 3.93
AUTO TRADER GROUP PLC 3.67
ROYAL DUTCH SHELL PLC 3.59
SERCO GROUP PLC 3.55
Holdings subject to change

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
E2 Hgd EUR Accumulating 100.61 0.45 0.45 100.61 97.48 - LU1495982198 - -
I2 Hgd EUR Accumulating 104.40 0.38 0.37 104.40 100.79 - LU1640626351 - -
D2 Hgd EUR Accumulating 106.72 0.39 0.37 106.72 103.14 - LU1430596699 - -
I2 Hgd JPY Accumulating 10,992.17 39.47 0.36 10,992.17 10,555.08 - LU1430596855 - -
A4 Hgd EUR Annual 103.03 0.37 0.36 103.03 99.80 - LU1430596343 - -
A2 GBP Accumulating 108.29 0.39 0.36 108.29 104.61 - LU1430596186 - -
A2 Hgd EUR Accumulating 103.78 0.37 0.36 103.78 100.57 - LU1430596269 - -
X2 GBP Accumulating 120.66 0.54 0.45 120.66 114.06 - LU1430596939 - -
D2 Hgd CHF Accumulating 105.49 0.38 0.36 105.49 102.04 - LU1430596772 - -
I2 Hgd USD - 111.89 0.41 0.37 111.89 107.17 - LU1808491226 - -
D2 EUR Accumulating 117.26 1.12 0.96 117.26 105.50 - LU1495982784 - -
E2 EUR Accumulating 108.21 1.04 0.97 108.21 98.46 - LU1495981976 - -
D2 GBP Accumulating 112.14 0.40 0.36 112.14 107.74 - LU1430596426 - -

Portfolio Managers

Portfolio Managers

Nigel Ridge
Nigel Ridge

Literature

Literature