Equity

BlackRock UK Absolute Alpha 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.



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

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 8 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 1.9 1.5 -4.9 9.4 -0.6 1.2 6.9 6.3
Comparator Benchmark 1 (%) 0.5 0.4 0.7 0.8 0.3 0.1 1.5 4.8

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

  1y 3y 5y 10y Incept.
9.59 7.74 4.68 - 3.65
Comparator Benchmark 1 (%) 5.37 3.74 2.32 - 1.48
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
9.09 0.74 2.14 4.31 9.59 25.05 25.72 - 41.51
Comparator Benchmark 1 (%) 4.90 0.40 1.26 2.60 5.37 11.65 12.13 - 15.26
  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

-1.17 3.01 5.85 7.38 7.64
Comparator Benchmark 1 (%)

as of 30/Sept/2024

0.48 0.06 0.83 4.18 5.43

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 133,253,420
Fund Launch Date
29/Apr/2005
Fund Base Currency
GBP
Comparator Benchmark 1
3 Month SONIA Compounded in Arrears + 11.9 basis points spread
Initial Charge
5.00%
Management Fee
0.50%
Performance Fee
20.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRUAASG
Ongoing Charges Figure ex. Discount
0.67%
Share Class launch date
20/Mar/2015
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
-
Ongoing Charges Figures
0.67%
ISIN
GB00BW0D7Q79
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Equity Market Neutral Other
Dealing Frequency
Daily, forward pricing basis
SEDOL
BW0D7Q7
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
180
3y Beta
as of 30/Nov/2024
0.160
P/B Ratio
as of 29/Nov/2024
3.21
Standard Deviation (3y)
as of 30/Nov/2024
2.45%
P/E Ratio
as of 29/Nov/2024
26.64

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 Absolute Alpha Fund, Class S, as of 30/Nov/2024 rated against 70 Equity Market Neutral Other Funds.

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
EXPERIAN PLC 2.50
LONDON STOCK EXCHANGE GROUP PLC 2.38
RELX PLC 2.26
DSV A/S 2.24
BREEDON GROUP PLC 2.23
Name Weight (%)
GREAT PORTLAND ESTATES PLC 2.16
CRH PLC 2.15
MICROSOFT CORPORATION 2.00
COMPASS GROUP PLC 1.92
AMAZON.COM INC 1.89
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund
as of 29/Nov/2024

% of Market Value

Type Fund
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 S GBP 1.41 1.42 GB00BW0D7Q79
Class D GBP 1.93 1.93 GB00B5ZNQ990
Class S GBP 1.39 1.39 GB00BW9Z0H63
Class A GBP 1.94 1.94 GB00B06L6861
Class A GBP 2.05 2.05 GB00B06L9G55
Class P GBP 1.76 1.76 GB00B11V7T69

Portfolio Managers

Portfolio Managers

Dan Whitestone
Dan Whitestone
Oliver Dixon
Vice President, is a member of the UK Equity team

Oliver Dixon,Vice President, is a member of the UK Equity team within the Fundamental Equity division of Blackrock's Active Equities Group. 

Literature

Literature