Fixed Income

BlackRock Charities UK Bond 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.

Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The Fund uses 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. The Fund’s investments may have low liquidity which often causes the value of these investments to be less predictable. In extreme cases, the Fund may not be able to realise the investment at the latest market price or at a price considered fair. 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.
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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of 30-Sep-21

-0.95 0.21 9.78 3.22 -3.08
Benchmark (%)

as of 30-Sep-21

-1.10 0.55 9.70 3.14 -3.12
  1y 3y 5y 10y Incept.
-3.08 3.17 1.74 3.99 -
Benchmark (%)

as of 30-Sep-21

-3.12 3.11 1.74 3.73 -
  YTD 1m 3m 1y 3y 5y 10y Incept.
-4.49 -2.25 -1.20 -3.08 9.83 9.01 47.85 -
Benchmark (%)

as of 30-Sep-21

-4.30 -2.32 -1.14 -3.12 9.62 9.01 44.29 -
The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product.

The Fund was previously structured as Common Investment Fund (‘CIF’). On 06 12 2019, the CIF closed and the assets were transferred to a Charity Authorised Investment Fund (‘CAIF’). The CAIF is being run with the same investment objective and policy. Please note that the historical performance shown before 06 12 2019 is indicative and is provided when the fund was run as a CIF.

Unit Class and Benchmark performance displayed in GBP, hedged Unit 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 15-Oct-21 GBP 141.531
Price Yield as of 15-Oct-21 3.39
Number of Holdings as of 30-Sep-21 140
Base Currency British Pound
Fund Launch Date 24-Nov-87
Share Class launch date 03-Dec-75
Asset Class Fixed Income
Benchmark Index 30% MSWXUKGBPN / FTULALGBP / 10% IPDABINX / GBP3MLIBK / 20% BSTRGILTS
Investment Association Category -
Domicile United Kingdom
Regulatory Structure PRIIPs KID Required
Management Company BlackRock Fund Managers Ltd
Ongoing Charges Figures -
ISIN GB00BFBFWL30
Bloomberg Ticker BRCUBAG
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BFBFWL3
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 500.00
Minimum Subsequent Investment GBP 100.00
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 and due diligence phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. 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.

Ratings

Holdings

Holdings

as of 30-Sep-21
Name Weight (%)
UK CONV GILT 6 12/07/2028 8.24
UK CONV GILT 4.25 12/07/2027 4.60
UK CONV GILT 5 03/07/2025 4.41
UK CONV GILT 4.5 12/07/2042 4.01
UK CONV GILT 4.25 03/07/2036 3.45
Name Weight (%)
UK CONV GILT 4.75 12/07/2030 2.98
UK CONV GILT 4.25 06/07/2032 2.78
UK CONV GILT 4.5 09/07/2034 2.63
UK CONV GILT 4.25 12/07/2055 2.37
UK CONV GILT 4.25 12/07/2046 2.35
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN TIS
Class A GBP - 52.56 -0.06 -0.11 55.24 51.90 52.46 GB00BFBFWL30 -
Class A GBP - 1.82 0.00 -0.11 1.98 1.80 1.82 GB00BFBFWK23 -

Portfolio Managers

Portfolio Managers

Simon Blundell

Managing Director, is Head of the Fundamental Sterling Team within BlackRock's Global Fixed Income (GFI) Group.

Ben Edwards

Ben Edwards, CFA, Managing Director, is a Portfolio Manager in the Sterling Bond Portfolio team within BlackRock's Global Fixed Income Group. Mr. Edwards is the lead fund manager of the BlackRock Corporate Bond Fund and co-manager of the BlackRock Sterling Strategic Bond Fund.

David Curtin
David Curtin

Literature

Literature