Equity

BlackRock UK Special Situations Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

The value of your investment and the income from it will vary and your initial investment amount is not guaranteed.


Investments in smaller company shares can be more unpredictable and less liquid than those of larger company shares.

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

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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -6.1 4.7 11.3 21.2 -12.8 31.5 -8.0 19.8 -17.6 4.4
Constraint Benchmark 1 (%) 1.2 1.0 16.8 13.1 -9.5 19.2 -9.8 18.3 0.3 7.9
Comparator Benchmark 2 (%) 0.7 4.8 10.9 14.0 -11.3 22.3 -6.2 17.1 -9.3 7.3

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
10.57 -1.15 2.94 4.80 -
Constraint Benchmark 1 (%) 15.44 7.88 6.55 5.91 -
Comparator Benchmark 2 (%) 13.47 3.29 5.11 5.11 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.32 4.14 9.33 12.95 10.57 -3.42 15.57 59.79 -
Constraint Benchmark 1 (%) 8.68 2.41 9.93 13.59 15.44 25.54 37.32 77.60 -
Comparator Benchmark 2 (%) 8.10 3.20 9.18 13.98 13.47 10.21 28.28 64.55 -
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

-16.60 37.20 3.02 -8.09 4.78
Constraint Benchmark 1 (%)

as of 31/Mar/2024

-18.45 26.71 13.03 2.92 8.43
Comparator Benchmark 2 (%)

as of 31/Mar/2024

-19.21 37.78 5.26 -2.04 7.60

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in GBP, 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

Key Facts

Key Facts

Net Assets of Fund
as of 18/Jun/2024
GBP 414,245,454
Fund Launch Date
14/Mar/1981
Fund Base Currency
GBP
Constraint Benchmark 1
FTSE All-Share Index
Investment Association Category
UK All Companies
Ongoing Charges Figures
1.65%
Annual Management Fee
1.50%
Minimum Initial Investment
GBP 500.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
UK Flex-Cap Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
0580502
Share Class launch date
14/Mar/1981
Share Class Currency
GBP
Asset Class
Equity
Comparator Benchmark 2
IA UK ALL Companies Sector Average
Initial Charge
5.00%
ISIN
GB0005805022
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 50.00
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MRCRECA
Ongoing Charges Figure ex. Discount
1.65%
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
69
3y Beta
as of 31/May/2024
1.150
P/B Ratio
as of 31/May/2024
1.81
Standard Deviation (3y)
as of 31/May/2024
14.60%
P/E Ratio
as of 31/May/2024
16.18

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or 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, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BlackRock UK Special Situations Fund, Class A, as of 31/May/2024 rated against 371 UK Flex-Cap Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 01/Nov/2023)

Holdings

Holdings

as of 31/May/2024
Name Weight (%)
ASTRAZENECA PLC 4.30
LONDON STOCK EXCHANGE GROUP PLC 3.74
SHELL PLC 3.69
RIO TINTO PLC 2.93
UNILEVER PLC 2.85
Name Weight (%)
RELX PLC 2.83
GAMMA COMMUNICATIONS PLC 2.81
BP PLC 2.76
4IMPRINT GROUP PLC 2.47
COMPASS GROUP PLC 2.35
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark 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

Pricing & Exchange

Investor Class Currency Bid Price Offer Price ISIN
Class A GBP 50.81 51.22 GB0005805022
Class S GBP 1.35 1.36 GB00BVW2JH06
Class X ACC GBP 1.20 1.21 GB00BFBFX988
Class X GBP 26.82 27.04 GB00B8DXV537
Class D GBP 56.51 56.97 GB00B3V1C060
Class A GBP 27.07 27.29 GB0005803977
Class S GBP 1.61 1.62 GB00BW1YM751
Class D GBP 27.21 27.43 GB00B3R25W66

Portfolio Managers

Portfolio Managers

Roland Arnold
Roland Arnold

Literature

Literature