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Equity

BlackRock UK Absolute Alpha Fund

Overview

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.

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



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

The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. If these companies become insolvent, it may have an adverse affect on the activities of the fund. The value of this Fund does not typically move in line with general market trends and is not expected to reap the full benefits of a rising stock market. Investment strategies employed by the manager may affect the risk profile of the fund, as both positive and negative share movements affect the overall value of the Fund.
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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 represents changes to the NAV and accounts for distributions from the fund.

as of 30-Sep-19

8.04 2.43 3.35 -1.89 4.89
Benchmark (%) Index: LIBOR 3 Month<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 30-Sep-19

0.57 0.55 0.33 0.62 0.83

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 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. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

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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Reinvestments

This product does not have any distributions data as of now.

Key Facts

Key Facts

Size of Fund (Millions) as of 18-Oct-19 GBP 250.084
Price Yield as of 20-Apr-18 0.00
Base Currency British Pound
Fund Launch Date 29-Apr-05
Share Class launch date 01-Jul-09
Asset Class Equity
Benchmark Index LIBOR 3 Month
Investment Association Category -
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
ISIN GB00B5ZNQ990
Bloomberg Ticker BLUKADA
Initial Charge 0.00%
Performance Fee 20.00%
SEDOL B5ZNQ99
Bloomberg Benchmark Ticker ML3MOLIBOR
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 50
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

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 22-Aug-19)

Holdings

Holdings

as of 30-Sep-19
Name Weight (%)
TESCO PLC 5.08
RELX PLC 4.91
RENTOKIL INITIAL PLC 4.48
ROYAL DUTCH SHELL PLC 4.41
BRITISH AMERICAN TOBACCO PLC 3.52
Name Weight (%)
SERCO GROUP PLC 3.28
STANDARD CHARTERED PLC 3.24
CRH PLC 2.87
RIO TINTO PLC 2.84
SSP GROUP PLC 2.35
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-19

% 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 D None 1.53 GB00B5ZNQ990 -
Class A Daily 1.59 GB00B06L6861 -
Class S Daily 1.11 GB00BW9Z0H63 -
Class S None 1.11 GB00BW0D7Q79 -
Class P None 1.44 GB00B11V7T69 -
Class A None 1.66 GB00B06L9G55 -

Portfolio Managers

Portfolio Managers

Nigel Ridge
Nigel Ridge

Literature

Literature