Equity

BlackRock UK Special Situations Fund

  • Bid price as of 11/Dec/2024 GBP 26.83
  • Offer price as of 11/Dec/2024 GBP 27.04
  • Morningstar Rating

Overview

Investment Approach

The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund) over the long term (5 or more consecutive years beginning at the point of investment). The Fund invests at least 70% of its total assets in the equity securities (e.g. shares) of companies incorporated or listed in the United Kingdom and will normally have an emphasis on small and medium sized companies. Small and medium sized companies are companies which are not constituents of the FTSE 100 Index. The investment adviser (IA) may use derivatives (i.e. investments the prices of which are based on one or more underlying assets) to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income.

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

Chart

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Distributions

This product does not have any distributions data as of now.
Ex-Date Total Distribution
For more information: 0800 445 522 • www.blackrock.com • investor.services@blackrock.com

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 (%) -4.6 6.5 13.1 23.0 -10.2 33.8 -5.8 22.1 -16.2 6.1
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.
Total Return (%) 14.09 0.43 3.12 7.10 7.83
Constraint Benchmark 1 (%) 15.75 7.87 5.74 6.12 -
Comparator Benchmark 2 (%) 15.40 3.64 3.97 5.30 6.86
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 8.26 0.61 -1.27 0.20 14.09 1.31 16.61 98.65 151.53
Constraint Benchmark 1 (%) 10.75 2.49 -0.49 1.90 15.75 25.52 32.21 81.11 -
Comparator Benchmark 2 (%) 9.44 2.25 -1.23 1.24 15.40 11.33 21.50 67.59 125.25
  From
30-Sept-2019
To
30-Sept-2020 		From
30-Sept-2020
To
30-Sept-2021 		From
30-Sept-2021
To
30-Sept-2022 		From
30-Sept-2022
To
30-Sept-2023 		From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

-12.32 41.35 -22.81 13.38 12.95
Constraint Benchmark 1 (%)

as of 30/Sept/2024

-16.59 27.89 -4.00 13.84 13.40
Comparator Benchmark 2 (%)

as of 30/Sept/2024

-12.81 32.11 -15.42 12.53 14.19
Prior to 9th December 2024, the Fund used a constraint benchmark, the FTSE All Share Index and a comparator benchmark, the IA UK All Companies Sector Average which is reflected in the benchmark data set out above. As of 9th December 2024, these two benchmarks were replaced by the 50:50 FTSE 100:Deutsche Numis Smaller Companies plus AIM ex Investment Trusts Index.

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 11/Dec/2024
GBP 378,749,049
Fund Launch Date
14/Mar/1981
Fund Base Currency
GBP
Constraint Benchmark 1
50:50 FTSE 100:Deutsche NUMIS Smaller Companies plus AIM (ex Investment Tru
Investment Association Category
UK All Companies
Ongoing Charges Figures
0.02%
ISIN
GB00B8DXV537
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
UK Flex-Cap Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B8DXV53
Share Class launch date
03/Sept/2012
Share Class Currency
GBP
Asset Class
Equity
Comparator Benchmark 2
IA UK ALL Companies Sector Average
Initial Charge
0.00%
Management Fee
0.00%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRUKSXI

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
65
Standard Deviation (3y)
as of 30/Nov/2024
14.35%
P/E Ratio
as of 29/Nov/2024
17.77
12 Month Trailing Dividend Distribution Yield
as of 30/Nov/2024
3.08
3y Beta
as of 30/Nov/2024
1.122
P/B Ratio
as of 29/Nov/2024
1.80

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

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 X, as of 30/Nov/2024 rated against 353 UK Flex-Cap Equity Funds.

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
SHELL PLC 4.75
LONDON STOCK EXCHANGE GROUP PLC 3.86
ASTRAZENECA PLC 3.76
UNILEVER PLC 3.51
INTEGRAFIN HOLDINGS PLC 3.02
Name Weight (%)
COMPASS GROUP PLC 2.76
RIO TINTO PLC 2.74
HSBC HOLDINGS PLC 2.74
GAMMA COMMUNICATIONS PLC 2.49
BREEDON GROUP PLC 2.49
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/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 X GBP 26.83 27.04 GB00B8DXV537
Class X ACC GBP 1.23 1.24 GB00BFBFX988
Class S GBP 1.63 1.65 GB00BW1YM751
Class A GBP 51.45 51.86 GB0005805022
Class D GBP 57.43 57.89 GB00B3V1C060
Class D GBP 27.21 27.43 GB00B3R25W66
Class S GBP 1.35 1.36 GB00BVW2JH06
Class A GBP 27.08 27.30 GB0005803977

Portfolio Managers

Portfolio Managers

Roland Arnold
Roland Arnold

Literature

Literature