Equity

BlackRock European Absolute Alpha Fund

  • Bid price as of 04/Dec/2025 GBP 1.03
  • Offer price as of 04/Dec/2025 GBP 1.03

Overview

Investment Approach

The investment strategy of the Fund is deemed by the Manager to be capacity constrained and therefore, when the net asset value of the Fund reaches £900,000,000, units in the Fund will not be available to buy until further notice except at the discretion of the Manager (you will still be able to sell your units daily). The Fund aims to achieve positive absolute returns on your investment (i.e. an increase in the overall value of the Fund) over a period of 12 months regardless of market conditions. As such, the Fund will not be managed against any European equity index. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund’s capital is at risk.

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

This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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

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 04/Dec/2025
GBP 301,630,152
Fund Launch Date
31/Mar/2009
Fund Base Currency
GBP
Comparator Benchmark 1
3 Month SONIA Compounded in Arrears + 11.9 basis points spread
Initial Charge
0.00%
Management Fee
0.00%
Performance Fee
20.00%
Minimum Subsequent Investment
GBP 100.00
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLEAAX1
Share Class launch date
13/May/2025
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
-
Ongoing Charges Figures
0.03%
ISIN
GB00BRTCT204
Minimum Initial Investment
GBP 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Equity Market Neutral GBP
Dealing Frequency
Daily, forward pricing basis
SEDOL
BRTCT20

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Nov/2025
107
3y Beta
as of -
-
P/B Ratio
as of 28/Nov/2025
-0.13
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 28/Nov/2025
-10.17

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 28/Nov/2025
Name Weight (%)
MTU AERO ENGINES AG 2.71
LLOYDS BANKING GROUP PLC 2.57
LONZA GROUP AG 2.29
ABN AMRO BANK NV 2.29
ASTRAZENECA PLC 2.06
Name Weight (%)
SSE PLC 2.03
ROLLS-ROYCE HOLDINGS PLC 2.01
SANDVIK AB 1.99
WEIR GROUP PLC 1.95
UMICORE SA 1.79
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Nov/2025

% of Market Value

Type Fund
as of 28/Nov/2025

% of Market Value

Type Fund
Sorry, market cap data is not available at this time.
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 X1 GBP 1.03 1.03 GB00BRTCT204
Class D GBP 1.94 1.95 GB00B4Y62W78
Class P GBP 1.74 1.74 GB00B4Y62T40
Class X GBP 1.49 1.50 GB00BFK3LQ65

Portfolio Managers

Portfolio Managers

Stefan Gries
Stefan Gries
Managing Director

Managing Director and Portfolio Manager, is Head of the European Equity team within BlackRock’s Fundamental Equity Group.

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Stefan Gries, CFA, Managing Director and Portfolio Manager, is Head of the European Equity team within BlackRock’s Fundamental Equity Group. He manages the Pan European equity strategies, including the BGF European Fund and the BGF European Special Situations Fund. He is also co-Manager on the Continental Europe ex-UK portfolios and the Greater European Investment Trust as well as the European Absolute return (long/short) portfolios.

Prior to joining Blackrock in 2008, Stefan spent 2 years at Scottish Widows Investment Partnership where he completed a 2-year graduate program. Since joining BlackRock, he has worked both as a Portfolio Manager and as a Research Analyst covering, at various times, Energy, Pharmaceuticals and Insurance on behalf of the European Equity team.

Stefan earned an MA in Economics & Spanish from the University of St. Andrews in 2005. 

Christopher Sykes
Christopher Sykes

Literature

Literature