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

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Distributions

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  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of 30-Jun-21

5.35 -0.17 1.98 2.35 -0.98
Benchmark (%)

as of 30-Jun-21

0.37 0.50 0.83 0.66 0.06
  1y 3y 5y 10y Incept.
-0.98 1.11 1.68 - 1.92
Benchmark (%)

as of 30-Jun-21

0.06 0.51 0.48 - 0.50
  YTD 1m 3m 1y 3y 5y 10y Incept.
-0.54 0.38 -1.07 -0.98 3.36 8.71 - 12.66
Benchmark (%)

as of 30-Jun-21

0.03 0.01 0.02 0.06 1.55 2.43 - 3.19

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. 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

Size of Fund (Millions) as of 29-Jul-21 GBP 185.260
Price Yield as of 29-Jul-21 0.09
Number of Holdings as of 30-Jun-21 71
Base Currency British Pound
Fund Launch Date 29-Apr-05
Share Class launch date 20-Mar-15
Asset Class Equity
Benchmark Index LIBOR 3 Month Index
Investment Association Category -
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
Ongoing Charges Figures 0.86%
ISIN GB00BW9Z0H63
Bloomberg Ticker -
Initial Charge 5.00%
Performance Fee 20.00%
SEDOL BW9Z0H6
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 50000000
Minimum Subsequent Investment GBP 50
Use of Income Distributing

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG 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 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

Holdings

Holdings

as of 30-Jun-21
Name Weight (%)
RIO TINTO PLC 5.81
RECKITT BENCKISER GROUP PLC 5.71
RELX PLC 5.31
ASTRAZENECA PLC 4.89
TESCO PLC 4.48
Name Weight (%)
RENTOKIL INITIAL PLC 4.15
AUTO TRADER GROUP PLC 4.13
SERCO GROUP PLC 3.98
BRITISH AMERICAN TOBACCO PLC 3.72
STANDARD CHARTERED PLC 3.55
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Jun-21

% 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 Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN TIS
Class S GBP Daily 1.12 0.01 0.45 1.13 1.08 1.12 GB00BW9Z0H63 -
Class P GBP None 1.43 0.01 0.42 1.45 1.38 1.43 GB00B11V7T69 -
Class D GBP None 1.54 0.01 0.39 1.56 1.48 1.54 GB00B5ZNQ990 -
Class A GBP None 1.65 0.01 0.36 1.68 1.60 1.65 GB00B06L9G55 -
Class S GBP None 1.13 0.01 0.45 1.14 1.08 1.13 GB00BW0D7Q79 -
Class A GBP Daily 1.58 0.01 0.45 1.60 1.53 1.58 GB00B06L6861 -

Portfolio Managers

Portfolio Managers

Nigel Ridge
Nigel Ridge
Richard Wingfield
Richard Wingfield

Literature

Literature