Fact sheet: BlackRock Com Inc IT

Fund information
Fund name
BlackRock Commodities Income IT
Fund manager company
BlackRock Investment Managemen
Fund type
Investment Trust
Fund managers
  • Tom Hollsince 20/01/2014
  • Olivia Markhamsince 20/01/2014
Fund objective
To achieve an annual dividend target and, over the long term, capital growth by investing primarily in securities of companies operating in the mining and energy sector.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
60.2%
1 Year rank in sector
4/10
Sector
IT Commodities & Nat Resources
Yield
6.5%
Fund size
£100m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
209
Mid price
85
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
83.98
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-2.66
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
103
Top in this sector
Fund name1 Year
BlackRock World Mining IT103%
Gldn Prospect Precs Mt98.6%
Riverstone Energy Ltd Ord NPV65.5%
BlackRock Com Inc IT60.2%
Baker Steel Res Tst56.5%
...more in IT Commodities & Nat Resources

Performance snapshot

Holdings snapshot

  • International49.8%
    USA19%
    Canada9.3%
    Money Market6%
    Latin America5.1%
  • Oil & Gas - Integrated23.2%
    Mineral Extraction20.1%
    Oil & Gas Exploration & Production16.2%
    Gold11.9%
    Other Metals8.4%
  • Commodity & Energy94%
    Money Market6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund8.6%14.9%38.8%60.2%0%-8%
Sector-0.6%1.8%24.9%53.9%-24.7%-57%
Rank within sector2 / 104 / 104 / 104 / 104 / 91 / 8
Quartile1st2nd2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund64.5%-32.9%-14.5%-0.8%-0.5%
Sector55.8%-39%-21.5%-32.7%-8.4%
Rank within sector4 / 104 / 105 / 91 / 82 / 8
Quartile2nd2nd3rd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
9.16
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.98
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0.01
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
23.43
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
12.4
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.7
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.72
Price movement
52 week high85
52 week low43.25
Current bid price82.75
Current offer price86
Current mid price85
Region
1International49.8%
2USA19%
3Canada9.3%
4Money Market6%
5Latin America5.1%
6Africa3.8%
7Australia3.2%
8Europe2.2%
9Sweden1.2%
Industry sector
1Oil & Gas - Integrated23.2%
2Mineral Extraction20.1%
3Oil & Gas Exploration & Production16.2%
4Gold11.9%
5Other Metals8.4%
6Net Current Assets6%
7Precious Metals & Stones4.5%
8Distributors2.8%
9Oil & Gas Equipment & Services1.9%
Asset type
1Commodity & Energy94%
2Money Market6%
Individual holdings
1FIRST QUANTUM MINERALS7.6%
2ROYAL DUTCH SHELL6.3%
3EXXON MOBIL CORP6.1%
4BHP BILLITON PLC5.3%
5RIO TINTO PLC5%
6BP PLC3.7%
7VALE SA3.2%
8ENBRIDGE INCOME FD HLDGS INC2.8%
9NEWCREST MINING2.8%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Investment Managemen
Fund type
Investment Trust
Fund objective
To achieve an annual dividend target and, over the long term, capital growth by investing primarily in securities of companies operating in the mining and energy sector.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Shares
Fund managers
NameSinceBiography
Tom Holl20/01/2014Thomas Holl, Director and portfolio manager, is a member of the Natural Resources team within the Fundamental Equity division of BlackRock's Alpha Strategies Group. He is responsible for covering the mining and gold sectors. Mr. Holl moved to his current role in 2008. His service with the firm dates back to 2006, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Holl was a member of the Global Equity team and the Real Estate team as a member of the graduate training program. Mr. Holl earned a BA degree, with honors, in Land Economy from Cambridge University in 2006.
Olivia Markham20/01/2014Olivia Markham, CFA, Director and portfolio manager, is a member of the Natural Resources Equity team within the Fundamental Equity division of BlackRock's Alpha Strategies Group. She co-manages the BlackRock World Mining Trust, the BGF World Mining Fund, the Commodities Income Investment Trust and a number of the team’s segregated portfolios. Ms. Markham joined BlackRock in 2011. Previously, she was head of the European Mining team at UBS with lead coverage of the UK diversified miners. Before moving to London in 2009, Ms. Markham worked for Merrill Lynch in Sydney covering the Australian miners. She also spent four years working within the Mergers and Acquisition team at BHP Billiton. Ms. Markham earned a BComm degree in finance from the University of Western Australia in 2003.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
BlackRock Commodities Income IT
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price83.69
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJNX
BlackRock Commodities Income IT NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price83.1034
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEW91
Data provided by

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