Equity

BlackRock UK Equity Absolute Return Fund

Overview

Important Information: Capital at Risk. 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. 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 utilised 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-2015
To
31-Dec-2016
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
Total Return (%)

as of Dec 31, 2020

- - -5.45 9.04 -1.06
Benchmark (%)

as of Dec 31, 2020

- - 0.72 0.81 0.29
  1Y 3Y 5Y 10y Incept.
-1.39 1.04 - - 0.22
Benchmark (%)

as of Feb 28, 2021

0.18 0.58 - - 0.55
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-1.29 0.01 0.05 -1.39 3.14 - - 0.80
Benchmark (%)

as of Feb 28, 2021

0.01 0.00 0.01 0.18 1.75 - - 2.03
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 Mar 5, 2021 GBP 126.358
12m Trailing Yield -
Number of Holdings as of Feb 26, 2021 69
Base Currency British Pound
Fund Inception Date Aug 18, 2016
Share Class Inception Date Jul 5, 2017
Asset Class Equity
Morningstar Category Alt - Long/Short Equity - UK
Benchmark Index LIBOR 3 Month (GBP)
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.83%
ISIN LU1640626351
Bloomberg Ticker -
Annual Management Fee 0.75%
Initial Charge 0.00%
Performance Fee 20.00%
SEDOL BYVSVT6
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment -
Minimum Subsequent Investment EUR 10000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Feb 28, 2021 0.09
3y Beta as of Feb 28, 2021 6.689
5y Volatility - Benchmark as of - -
5y Beta as of - -

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

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Feb 26, 2021
Name Weight (%)
RELX PLC 5.22
RIO TINTO PLC 5.15
RECKITT BENCKISER GROUP PLC 4.85
TESCO PLC 4.72
BRITISH AMERICAN TOBACCO PLC 4.04
Name Weight (%)
ASTRAZENECA PLC 3.64
SERCO GROUP PLC 3.63
STANDARD CHARTERED PLC 3.63
RENTOKIL INITIAL PLC 3.58
3I GROUP PLC 3.14
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
I2 Hgd EUR Accumulating 101.49 0.21 0.21 103.19 95.95 - LU1640626351 - -
A2 GBP Accumulating 105.31 0.22 0.21 107.35 99.65 - LU1430596186 - -
E2 EUR Accumulating 101.64 0.09 0.09 103.37 90.00 - LU1495981976 - -
X2 GBP Accumulating 114.99 0.24 0.21 117.02 107.00 - LU1430596939 - -
I2 Hgd USD - 107.91 0.18 0.17 109.60 101.24 - LU1808491226 - -
E2 Hgd EUR Accumulating 98.42 0.20 0.20 101.39 94.25 - LU1495982198 - -
D2 Hgd EUR Accumulating 103.84 0.22 0.21 105.80 98.45 - LU1430596699 - -
I2 Hgd JPY Accumulating 10,629.85 19.54 0.18 10,800.04 10,035.37 - LU1430596855 - -
D2 Hgd CHF Accumulating 102.74 0.22 0.21 104.84 97.46 - LU1430596772 - -
A4 Hgd EUR Annual 100.49 0.21 0.21 103.07 95.80 - LU1430596343 - -
D2 GBP Accumulating 108.49 0.20 0.18 110.20 102.08 - LU1430596426 - -
D2 EUR Accumulating 109.05 0.09 0.08 109.48 95.40 - LU1495982784 - -
A2 Hgd EUR Accumulating 101.23 0.21 0.21 103.78 96.47 - LU1430596269 - -

Portfolio Managers

Portfolio Managers

Nigel Ridge
Nigel Ridge

Literature

Literature