BlackRock UK Equity Absolute Return Fund

Equity

BlackRock UK Equity Absolute Return Fund

  • NAV as of 18-Apr-19 EUR 100.58
    52 WK: 94.07 - 100.71
  • 1 Day NAV Change as of 18-Apr-19 -0.13 (-0.13%)

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.
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Performance

Performance

  • Returns

  From
31-Mar-2014
To
31-Mar-2015		 From
31-Mar-2015
To
31-Mar-2016		 From
31-Mar-2016
To
31-Mar-2017		 From
31-Mar-2017
To
31-Mar-2018		 From
31-Mar-2018
To
31-Mar-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 31-Mar-19

- - - - 0.63
Benchmark (%) Index: LIBOR 3 Month (GBP)<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 31-Mar-19

- - - - 0.80

The figures shown relate to past performance. Past performance is not a reliable indicator of 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 fund 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.
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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 18-Apr-19 GBP 71.316
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-Mar-19 83
Base Currency GBP
Fund Launch Date 18-Aug-16
Inception Date 05-Jul-17
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 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. 0.84%
ISIN LU1640626351
Bloomberg Ticker -
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 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

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 29-Mar-19
Name Weight (%)
RELX PLC 5.72
ROYAL DUTCH SHELL PLC 4.75
TESCO PLC 4.70
BRITISH AMERICAN TOBACCO PLC 4.46
STANDARD CHARTERED PLC 3.84
Name Weight (%)
RENTOKIL INITIAL PLC 3.73
CARNIVAL PLC 3.45
FERGUSON PLC 3.27
CRH PLC 2.95
RIO TINTO PLC 2.82
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 I2 Hedged EUR None 100.58 -0.13 -0.13 100.71 94.07 - LU1640626351 - -
Class D2 GBP None 106.48 -0.13 -0.12 106.61 99.38 - LU1430596426 - -
Class A2 Hedged EUR None 102.04 -0.14 -0.14 102.46 95.74 - LU1430596269 - -
Class X2 GBP None 110.57 -0.14 -0.13 110.71 102.87 - LU1430596939 - -
Class D2 Hedged CHF None 102.78 -0.13 -0.13 102.91 96.31 - LU1430596772 - -
Class D2 EUR None 107.57 0.19 0.18 107.59 96.19 - LU1495982784 - -
Class D2 Hedged EUR None 103.91 -0.13 -0.12 104.04 97.28 - LU1430596699 - -
Class A2 GBP None 104.64 -0.14 -0.13 104.78 97.88 - LU1430596186 - -
Class E2 Hedged EUR None 100.20 -0.13 -0.13 101.02 94.16 - LU1495982198 - -
Class A4 Hedged EUR Annual 101.41 -0.13 -0.13 101.84 95.15 - LU1430596343 - -
Class I2 Hedged USD - 103.87 -0.10 -0.10 103.97 97.35 - LU1808491226 - -
Class I2 Hedged JPY None 10,516.87 -11.26 -0.11 10,528.13 9,826.46 - LU1430596855 - -
Class E2 EUR None 102.39 0.20 0.20 102.39 91.74 - LU1495981976 - -

Portfolio Managers

Portfolio Managers

Nigel Ridge
Nigel Ridge

Literature

Literature