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 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 6.0 8.6 2.1 0.6 -6.0 9.2 -1.8 0.4 7.3 5.5
Comparator Benchmark 1 (%) 0.5 0.6 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.
6.72 6.61 3.90 3.42 3.91
Comparator Benchmark 1 (%) 5.43 3.46 2.17 1.37 1.93
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.63 0.01 1.08 3.79 6.72 21.17 21.10 40.03 110.69
Comparator Benchmark 1 (%) 4.03 0.42 1.31 2.66 5.43 10.75 11.35 14.60 45.02
  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

-2.05 2.03 6.01 7.11 6.72
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 07/Oct/2024
GBP 132,904,679
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
1.75
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MLUKAAA
Ongoing Charges Figure ex. Discount
1.93%
Share Class launch date
29/Apr/2005
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
-
Ongoing Charges Figures
1.93%
ISIN
GB00B06L9G55
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Equity Market Neutral Other
Dealing Frequency
Daily, forward pricing basis
SEDOL
B06L9G5
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Sept/2024
168
3y Beta
as of 30/Sept/2024
0.271
P/B Ratio
as of 30/Sept/2024
2.47
Standard Deviation (3y)
as of 30/Sept/2024
3.11%
P/E Ratio
as of 30/Sept/2024
20.37

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or 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, where appropriate, 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

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BlackRock UK Absolute Alpha Fund, Class A, as of 30/Sept/2024 rated against 70 Equity Market Neutral Other Funds.

Holdings

Holdings

as of 30/Sept/2024
Name Weight (%)
EXPERIAN PLC 2.73
GREAT PORTLAND ESTATES PLC 2.35
BREEDON GROUP PLC 2.33
SMURFIT WESTROCK PLC 2.20
CRH PLC 2.18
Name Weight (%)
COMPASS GROUP PLC 2.06
LONDON STOCK EXCHANGE GROUP PLC 2.05
RELX PLC 2.05
BARRATT DEVELOPMENTS PLC 1.91
ASTRAZENECA PLC 1.77
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Sept/2024

% of Market Value

Type Fund
as of 30/Sept/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 A GBP 2.01 2.01 GB00B06L9G55
Class S GBP 1.38 1.39 GB00BW0D7Q79
Class P GBP 1.72 1.73 GB00B11V7T69
Class S GBP 1.36 1.36 GB00BW9Z0H63
Class D GBP 1.89 1.89 GB00B5ZNQ990
Class A GBP 1.90 1.90 GB00B06L6861

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