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BlackRock European Absolute Alpha Fund

Equity

BlackRock European Absolute Alpha Fund

  • Bid price as of Feb 18, 2019 GBP 1.32
We are currently experiencing technical difficulties with publishing our offer prices. Please call 0800 445522 if you require an up to date offer price for this fund. Please note all price files received via e-mail from BlackRock are correct.We apologise for any inconvenience this may cause.

Overview

Investment Approach

Please note that the investment strategy of this Fund is deemed to be capacity constrained and this means that the Manager has taken steps to control the size of the Fund with effect as of 7th November 2013. Please refer to the Prospectus for further information.

The Fund aims to achieve positive absolute returns for investors through a combination of capital growth and income on your investment and, as such, the Fund will not be managed against any European equity index. The Fund aims to deliver absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund’s capital is at risk. The Fund primarily aims to gain investment exposure to equity securities (e.g. shares) and equity-related securities of, or giving exposure to, companies incorporated or listed in the European Economic Area and Switzerland. In order to achieve its objective, the Fund invests primarily in derivatives, shares and other equity-related securities and when determined appropriate fixed income securities (such as bonds), money-market instruments (MMIs), deposits and cash. Derivatives are investments the prices of which are based on one or more underlying assets. MMIs are debt instruments with short-term maturities. The Fund can use derivatives as part of its investment strategy. This can increase the risk profile of the Fund.

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Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014		 From
31-Dec-2014
To
31-Dec-2015		 From
31-Dec-2015
To
31-Dec-2016		 From
31-Dec-2016
To
31-Dec-2017		 From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2018

0.25 8.93 -5.88 4.19 4.10
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.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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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. Unit Class performance displayed in British Pound. Source: BlackRock. Performance is show on a bid price basis, with net income reinvested, net of fees. The figures shown relate to past performance.

Reinvestments

This fund does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end.

Key Facts

Key Facts

Size of Fund (Millions) as of Feb 18, 2019 GBP 74.371
Price Yield as of Feb 6, 2018 0.00
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 Jan 31, 2019 144
Base Currency British Pound
Fund Inception Date Mar 31, 2009
Share Class Inception Date Mar 31, 2009
Asset Class Equity
Investment Association Category -
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
Ongoing Charge 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. 1.73%
ISIN GB00B4Y62T40
Bloomberg Ticker BLEUAPA
Annual Management Fee As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs. 1.50%
Initial Charge 5.00%
Performance Fee 20.00%
SEDOL B4Y62T4
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 500
Minimum Subsequent Investment GBP 100
Use of Income Accumulating

Ratings

Ratings

Ratings Report

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jan 31, 2019
Name Weight (%)
NOVO NORDISK A/S 2.96
LONZA GROUP AG 2.74
SAFRAN SA 2.06
SIKA AG 2.05
RELX PLC 2.00
Name Weight (%)
DSV A/S 1.99
FRESENIUS MEDICAL CARE AG & CO KGAA 1.98
STRAUMANN HOLDING AG 1.83
DCC PLC 1.70
INDUSTRIA DE DISENO TEXTIL SA 1.52
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2019

% of Market Value

Type Long Short Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Investor Class Distribution Frequency Bid Price ISIN TIS
Class P Accumulating 1.32 GB00B4Y62T40 -
D Accumulating 1.42 GB00B4Y62W78 -

Portfolio Managers

Portfolio Managers

David Tovey
David Tovey
Stefan Gries
Stefan Gries

Literature

Literature