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BlackRock UK Equity Absolute Return Fund

Equity

BlackRock UK Equity Absolute Return Fund

  • NAV as of 13-Dec-2019 EUR 101.34
    52 WK: 94.16 - 101.67
  • 1 Day NAV Change as of 13-Dec-2019 0.02 (0.02%)

Overview

Investment Approach

The Fund aims to achieve positive absolute returns through a combination of capital growth and income on your investment regardless of market conditions. The Fund seeks to gain at least 70% of any investment exposure to equity securities (e.g. shares) of companies domiciled in, or the main business of which is in, or have their primary listing in the United Kingdom. This is achieved by investing at least 70% of its assets in equity securities and other equity-related securities. The Fund may also, when determined appropriate, invest in fixed income (FI) securities, money market instruments (MMIs) (i.e. debt securities with short-term maturities), deposits and cash. The equity-related securities include financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets).

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.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

  • Returns

  From
30.Sep.2014
To
30.Sep.2015		 From
30.Sep.2015
To
30.Sep.2016		 From
30.Sep.2016
To
30.Sep.2017		 From
30.Sep.2017
To
30.Sep.2018		 From
30.Sep.2018
To
30.Sep.2019
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 30-Sep-2019

- - 1.59 -3.28 2.36
  2014 2015 2016 2017 2018
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment. - - - -0.13 -6.95

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged Share Class Benchmark performance is displayed in GBP.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Chart

Performance chart data not available for display.
View full chart
Share Class and Benchmark performance displayed in EUR. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

Reinvestments

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Size of Fund (Millions) as of 13-Dec-2019 GBP 122.78
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 29-Nov-2019 68
Base Currency GBP
Fund Launch Date 18-Aug-2016
Share Class launch date 28-Sep-2016
Asset Class Equity
Morningstar Category Alt - Long/Short Equity - UK
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 2.38%
ISIN LU1495982198
Bloomberg Ticker BSUE2EH
Initial Charge 3.00%
Performance Fee 20.00%
SEDOL BDCFZZ3
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment -
Use of Income Accumulating

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Portfolio Managers

Portfolio Managers

Nigel Ridge
Nigel Ridge

Holdings

Holdings

as of 29-Nov-2019
Name Weight (%)
TESCO PLC 5.16
RELX PLC 4.80
RENTOKIL INITIAL PLC 4.01
ROYAL DUTCH SHELL PLC 3.62
BRITISH AMERICAN TOBACCO PLC 3.34
Name Weight (%)
RIO TINTO PLC 3.24
SERCO GROUP PLC 3.21
STANDARD CHARTERED PLC 2.86
CRH PLC 2.84
SSP GROUP PLC 2.45
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
Class E2 Hedged EUR None 101.34 0.02 0.02 101.67 94.16 - LU1495982198 - -
Class D2 GBP None 109.06 0.04 0.04 109.12 99.38 - LU1430596426 - -
Class A2 Hedged EUR None 103.49 0.03 0.03 103.72 95.74 - LU1430596269 - -
Class A2 GBP None 106.72 0.03 0.03 106.84 97.88 - LU1430596186 - -
Class D2 Hedged CHF None 104.29 0.03 0.03 104.49 96.31 - LU1430596772 - -
Class D2 Hedged EUR None 105.66 0.04 0.04 105.84 97.28 - LU1430596699 - -
Class A4 Hedged EUR Annual 102.81 0.03 0.03 103.04 95.15 - LU1430596343 - -
Class I2 Hedged JPY None 10,713.22 4.04 0.04 10,725.44 9,826.46 - LU1430596855 - -
Class I2 Hedged EUR None 102.44 0.04 0.04 102.59 94.07 - LU1640626351 - -
Class E2 EUR None 107.19 1.22 1.15 107.19 91.74 - LU1495981976 - -
Class I2 Hedged USD - 107.58 0.06 0.06 107.58 97.35 - LU1808491226 - -
Class D2 EUR None 113.57 1.31 1.17 113.57 96.19 - LU1495982784 - -

Literature

Literature