Fact sheet: BlackRock Corporate Bond

Fund information
Fund name
BlackRock Corporate Bond D Acc
Fund manager company
BlackRock
Fund type
Unit Trust
Fund managers
  • Ben Edwardssince 30/05/2012
Accolades
 Winner - Corporate Bond
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income. The Fund invests principally in fixed income securities and money-market instruments which are issued by companies, governments, government agencies and supranationals. The Fund will invest in the full range of fixed income securities and moneymarket instruments which may include investments with a relatively low credit rating or which are unrated. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
  • BofA Merrill Lynch Sterling Corporate & Collateralized
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
7.1%
1 Year rank in sector
34/92
Sector
UT Sterling Corporate Bond
Yield
3.1%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.58%
Fund size
£473m (£360m last year)
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.
29
Bid price
313.6
Offer price
315.5
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.5%
F&C Instl Lg Dtd Corp Bd12%
Henderson Inst Long Dat Cr11.9%
Insight UK Corp Lg Mat Bd11.9%
Newton Long Corporate Bond11.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK67.7%
    Money Market8.9%
    USA7.1%
    Switzerland4.4%
    France3.8%
  • Financials24.3%
    Industrials23.2%
    Government Bonds17.8%
    Utilities12.1%
    Asset/Mortgage-Backed Securities10.6%
  • Global Fixed Interest91.1%
    Money Market8.9%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%-3.3%3.1%7.1%20.4%45.3%
Sector-1.4%-4.6%2.6%6.7%17.6%34.2%
Rank within sector20 / 9726 / 9428 / 9434 / 9222 / 8712 / 71
Quartile1st2nd2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.9%1.5%9.9%1.6%17.4%
Sector7.3%-0.3%10.1%0.2%12.1%
Rank within sector35 / 923 / 9051 / 8722 / 785 / 71
Quartile2nd1st3rd2nd1st
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.
1.41
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.
0.88
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.
0.55
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%.
4.75
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.
1.04
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.
0.78
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.
0.97
Price movement
52 week high324.6
52 week low287.5
Current bid price313.6
Current offer price315.5
Current mid price-
Region
1UK67.69%
2Money Market8.87%
3USA7.06%
4Switzerland4.41%
5France3.81%
6Germany2.61%
7Italy1.69%
8Australia1.28%
9Jersey0.81%
Industry sector
1Financials24.34%
2Industrials23.23%
3Government Bonds17.76%
4Utilities12.09%
5Asset/Mortgage-Backed Securities10.57%
6Money Market8.87%
7Government Agency Bonds2.41%
8Mortgage & Secured Bonds0.73%
Asset type
1Global Fixed Interest91.13%
2Money Market8.87%
Individual holdings
1TREASURY 4.75% GILT 07/12/30 GBP5.7%
2TREASURY 2% GILT 07/09/25 GBP0.014.31%
3UNITED KINGDOM (GOVERNMENT OF) 0.5 07/22/20223.44%
4TREASURY 2.25% GILT 07/09/23 GBP2.5%
5BANK OF SCOTLAND PLC REGS 9.375 05/15/20212.02%
6NATIONAL WESTMINSTER BANK 6.5% NOTES 7/9/2021 GBP(VAR)1.88%
7CREDIT SUISSE GROUP FINANCE 7% BDS 5/10/2020 GBP10001.4%
8SCOTTISH WIDOWS LTD REGS 5.5 06/16/20231.4%
9NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001.32%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock
Fund type
Unit Trust
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income. The Fund invests principally in fixed income securities and money-market instruments which are issued by companies, governments, government agencies and supranationals. The Fund will invest in the full range of fixed income securities and moneymarket instruments which may include investments with a relatively low credit rating or which are unrated. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
  • BofA Merrill Lynch Sterling Corporate & Collateralized
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ben Edwards30/05/2012Ben Edwards, Director, is a member of the Sterling Bond Portfolio team within BlackRock Fundamental Fixed Income. Prior to joining BlackRock in 2010, Mr. Edwards was at Legal and General Investment Management from 2003 to 2009 where he was, most recently, a portfolio manager, responsible for both institutional and retail sterling corporate bond portfolios. He began his career as an Analyst at M&G in 2002 Mr. Edwards earned a Business degree from the Queensland University of Technology (Aust.) in 2000 and a post-graduate qualifications degree in Finance from the Financial Services Institute of Australia in 2002.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey
BlackRock Corporate Bond A Acc
Initial charge3.25%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price305.4
Offer price317.2
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM196
BlackRock Corporate Bond A Inc
Initial charge3.25%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.09%
Bid price109.2
Offer price113.5
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM194
BlackRock Corporate Bond D Acc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.58%
Total expense ratio (TER)0.68%
Bid price313.6
Offer price315.5
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code00PB
BlackRock Corporate Bond D Inc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.58%
Total expense ratio (TER)0.68%
Bid price112.4
Offer price113.1
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code00PC
BlackRock Corporate Bond S Acc
Initial charge5%
Annual charge0.45%
Min single investment£50,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price116.8
Offer price123.4
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK8XN
BlackRock Corporate Bond S Inc
Initial charge5%
Annual charge0.45%
Min single investment£50,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price107.8
Offer price113.9
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK8XO
BlackRock Corporate Bond X Acc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.02%
Total expense ratio (TER)-
Bid price113.4
Offer price114.1
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKVQJ
Data provided by

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