Equity

BlackRock UK Equity Absolute Return 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.

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. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The Fund uses derivatives as part of its investment strategy including the establishment of both ‘long’ and ‘synthetic short’ positions and the creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. However, the use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. Investors should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general market trends or fully benefit from a positive market environment. The Fund utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The strategies utilised by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. Investors in this Fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general market trends or fully benefit from a positive market environment. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.

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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Reinvestments

This product does not have any distributions data as of now.
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of 31-Dec-20

- 1.38 -5.23 9.15 -0.97
Benchmark (%)

as of 31-Dec-20

- 0.35 0.72 0.81 0.29
  1y 3y 5y 10y Incept.
-2.85 0.73 - - 1.22
Benchmark (%)

as of 31-Jan-21

0.23 0.59 - - 0.52
  YTD 1m 3m 1y 3y 5y 10y Incept.
-1.24 -1.24 2.19 -2.85 2.21 - - 5.55
Benchmark (%)

as of 31-Jan-21

0.00 0.00 0.01 0.23 1.79 - - 2.34

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 JPY, 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 25-Feb-21 GBP 122.812
12m Trailing Yield -
Number of Holdings as of 29-Jan-21 67
Base Currency British Pound
Fund Launch Date 18-Aug-16
Share Class launch date 18-Aug-16
Asset Class Equity
Morningstar Category Alt - Long/Short Equity - UK
Benchmark Index LIBOR 3 Month Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.82%
ISIN LU1430596855
Bloomberg Ticker BSUAI2J
Initial Charge 0.00%
Performance Fee 20.00%
SEDOL BZB1ST1
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment JPY 10000000
Minimum Subsequent Investment -
Use of Income Accumulating

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 29-Jan-21
Name Weight (%)
TESCO PLC 6.02
RELX PLC 5.58
RECKITT BENCKISER GROUP PLC 4.85
RIO TINTO PLC 4.61
BRITISH AMERICAN TOBACCO PLC 4.19
Name Weight (%)
RENTOKIL INITIAL PLC 3.74
ASTRAZENECA PLC 3.40
STANDARD CHARTERED PLC 3.30
SERCO GROUP PLC 3.18
3I GROUP PLC 3.11
Holdings subject to change

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class I2 Hedged JPY None 10,570.43 -10.50 -0.10 10,814.68 10,035.37 - LU1430596855 - -
Class A2 GBP None 104.73 -0.10 -0.10 107.81 99.65 - LU1430596186 - -
Class D2 Hedged CHF None 102.15 -0.11 -0.11 105.15 97.46 - LU1430596772 - -
Class A4 Hedged EUR Annual 99.94 -0.11 -0.11 103.58 95.80 - LU1430596343 - -
Class D2 Hedged USD None 110.06 -0.11 -0.10 112.45 104.03 - LU1567864464 - -
Class D2 EUR None 108.22 -0.71 -0.65 114.97 95.40 - LU1495982784 - -
Class I2 Hedged EUR None 100.91 -0.10 -0.10 103.38 95.95 - LU1640626351 - -
Class D2 GBP None 107.90 -0.10 -0.09 110.29 102.08 - LU1430596426 - -
Class A2 Hedged EUR None 100.68 -0.10 -0.10 104.28 96.47 - LU1430596269 - -
Class I2 Hedged USD - 107.34 -0.10 -0.09 109.60 101.24 - LU1808491226 - -
Class X2 GBP None 114.31 -0.11 -0.10 117.02 107.00 - LU1430596939 - -
Class D2 Hedged EUR None 103.26 -0.10 -0.10 106.55 98.45 - LU1430596699 - -

Portfolio Managers

Portfolio Managers

Nigel Ridge
Nigel Ridge

Literature

Literature