Equity

BlackRock UK Absolute Alpha 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.

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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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

2.44 1.43 -4.90 9.39 -0.71
Benchmark (%)

as of 31-Dec-20

0.50 0.35 0.72 0.81 0.29
  1y 3y 5y 10y Incept.
-1.62 1.19 1.60 1.79 2.04
Benchmark (%)

as of 28-Feb-21

0.18 0.58 0.52 0.59 0.60
  YTD 1m 3m 1y 3y 5y 10y Incept.
-1.43 0.20 0.07 -1.62 3.62 8.29 19.37 26.54
Benchmark (%)

as of 28-Feb-21

0.01 0.00 0.01 0.18 1.75 2.61 6.03 7.28

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 05-Mar-21 GBP 218.369
Price Yield as of 05-Mar-21 0.05
Number of Holdings as of 29-Jan-21 73
Base Currency British Pound
Fund Launch Date 29-Apr-05
Share Class launch date 01-Jul-09
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 0.93%
ISIN GB00B5ZNQ990
Bloomberg Ticker BLUKADA
Annual Management Fee 0.75%
Initial Charge 0.00%
Performance Fee 20.00%
SEDOL B5ZNQ99
Bloomberg Benchmark Ticker ML3MOLIBOR
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 50
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of 28-Feb-21 0.09
3y Beta as of 28-Feb-21 7.772
5y Volatility - Benchmark as of 28-Feb-21 0.08
5y Beta as of 28-Feb-21 5.828

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

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 18-Aug-20)

Holdings

Holdings

as of 26-Feb-21
Name Weight (%)
RELX PLC 5.29
RIO TINTO PLC 5.15
RECKITT BENCKISER GROUP PLC 4.90
TESCO PLC 4.50
SERCO GROUP PLC 3.75
Name Weight (%)
ASTRAZENECA PLC 3.63
STANDARD CHARTERED PLC 3.44
RENTOKIL INITIAL PLC 3.34
3I GROUP PLC 3.25
BRITISH AMERICAN TOBACCO PLC 3.19
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 26-Feb-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 Distribution Frequency Bid Price ISIN TIS
Class D None 1.52 GB00B5ZNQ990 -
Class S None 1.11 GB00BW0D7Q79 -
Class S Daily 1.11 GB00BW9Z0H63 -
Class P None 1.42 GB00B11V7T69 -
Class A None 1.64 GB00B06L9G55 -
Class A Daily 1.57 GB00B06L6861 -

Portfolio Managers

Portfolio Managers

Nigel Ridge
Nigel Ridge
Richard Wingfield
Richard Wingfield

Literature

Literature