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Source: BlackRock. Based on $5.98 trillion in AUM as of 12/31/18.

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BlackRock UK Equity Absolute Return Fund

Equity

BlackRock UK Equity Absolute Return Fund

  • NAV as of Feb 20, 2019 JPY 10,223.38
    52 WK: 9,826.46 - 10,451.15
  • 1 Day NAV Change as of Feb 20, 2019 47.48 (0.47%)

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).
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

  • Returns

  From
31-Dec-2013
To
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31-Dec-2014
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31-Dec-2015
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31-Dec-2016		 From
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31-Dec-2017		 From
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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

- - - 1.38 -5.23
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.
View full chart
Share Class and Benchmark performance displayed in JPY. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Past performance is not a guide to future 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 20, 2019 GBP 44.394
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 Jan 31, 2019 84
Base Currency British Pound
Fund Inception Date Aug 18, 2016
Share Class Inception Date Aug 18, 2016
Asset Class Equity
Morningstar Category Alt - Long/Short Equity - UK
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
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. 0.85%
ISIN LU1430596855
Bloomberg Ticker BSUAI2J
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. 0.75%
Initial Charge 0.00%
Performance Fee 20.00%
SEDOL BZB1ST1
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment JPY 10000000
Minimum Subsequent Investment -
Use of Income Accumulating

Ratings

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 31, 2019
Name Weight (%)
RELX PLC 5.55
TESCO PLC 4.73
BRITISH AMERICAN TOBACCO PLC 4.35
ROYAL DUTCH SHELL PLC 4.35
RENTOKIL INITIAL PLC 4.30
Name Weight (%)
FERGUSON PLC 4.13
CARNIVAL PLC 3.82
STANDARD CHARTERED PLC 3.71
3I GROUP PLC 3.17
RIO TINTO PLC 2.98
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 JPY Accumulating 10,223.38 47.48 0.47 10,451.15 9,826.46 - LU1430596855 - -
D2 EUR Accumulating 104.02 0.60 0.58 104.82 96.19 - LU1495982784 - -
A2 GBP Accumulating 101.80 0.47 0.46 104.08 97.88 - LU1430596186 - -
D2 Hgd CHF Accumulating 100.11 0.46 0.46 102.89 96.31 - LU1430596772 - -
X2 GBP Accumulating 107.27 0.50 0.47 108.40 102.87 - LU1430596939 - -
I2 Hgd USD - 101.16 0.20 0.20 102.06 97.35 - LU1808491226 - -
E2 Hgd EUR Accumulating 97.72 0.45 0.46 101.02 94.16 - LU1495982198 - -
D2 Hgd USD Accumulating 103.48 0.49 0.48 104.03 99.06 - LU1567864464 - -
E2 EUR Accumulating 98.98 0.57 0.58 100.98 91.74 - LU1495981976 - -
A2 Hgd EUR Accumulating 99.44 0.46 0.46 102.46 95.74 - LU1430596269 - -
D2 Hgd EUR Accumulating 101.15 0.46 0.46 103.70 97.28 - LU1430596699 - -
A4 Hgd EUR Annual 98.83 0.46 0.47 101.84 95.15 - LU1430596343 - -
I2 Hgd EUR Accumulating 97.86 0.45 0.46 100.14 94.07 - LU1640626351 - -
D2 GBP Accumulating 103.47 0.48 0.47 105.25 99.38 - LU1430596426 - -

Portfolio Managers

Portfolio Managers

Nigel Ridge
Nigel Ridge

Literature

Literature