Fact sheet: BlackRock Dynamic Allocation

Fund information
Fund name
BlackRock Dynamic Allocation D Acc
Fund manager company
BlackRock
Fund type
Unit Trust
Fund managers
  • Adam Ryansince 13/04/2015
  • Andy Warwicksince 13/04/2015
Fund objective
The Fund aims to deliver over the medium to long term (three to five years) a total return, in the form of capital growth and income, which exceeds the Bank of England’s Base Interest Rate as set by the Monetary Policy Committee or successor bodies. The Fund has a flexible approach to asset allocation and will seek to diversify its exposure across a variety of asset classes globally including equity securities, fixed income securities, money-market instruments, deposits, cash and near cash, and derivatives. The Fund may also hold indirect exposure to alternative asset classes such as commodities or property through eligible index derivatives, eligible collective investment schemes or structured securities.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
-1.5%
1 Year rank in sector
118/124
Sector
UT Specialist
Yield
0%
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.
0.5%
Fund size
£169m (£49m 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.
30
Bid price
95.13
Offer price
95.17
Top in this sector
Fund name1 Year
MFM Junior Gold134.7%
WAY Charteris Gd Prcsml124.2%
Old Mutual JPM Nat Res87.6%
Smith & Williamson GblGld&Res86.8%
JPM Natural Resources85.2%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • No data available.
  • Fixed Interest37.2%
    Equities31.2%
    Alternative Assets16.1%
    Money Market15.5%
  • Global Fixed Interest37.2%
    International Equities31.2%
    Alternative Assets16.1%
    Money Market15.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%-2.1%-0.2%-1.5%--
Sector-1.2%-0.5%9.4%19.8%17%27.7%
Rank within sector56 / 12491 / 125117 / 125118 / 124--
Quartile2nd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-1.3%----
Sector19.7%-4.5%1.2%4.5%7.5%
Rank within sector118 / 124----
Quartile4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high97.29
52 week low91.62
Current bid price95.13
Current offer price95.17
Current mid price-
Region
No data available.
Industry sector
1Fixed Interest37.19%
2Equities31.16%
3Alternative Assets16.14%
4Money Market15.52%
Asset type
1Global Fixed Interest37.19%
2International Equities31.16%
3Alternative Assets16.14%
4Money Market15.52%
Individual holdings
1BLACKROCK EURO CREDIT SCREENED INDEX FUND12.2%
2BLACKROCK US CORPORATE BOND INDEX FUND11.6%
3BLACKROCK UK CREDIT SCREENED INDEX FUND11.4%
4BLACKROCK IMPACT WORLD EQUITY FUND7.6%
5GOLD ETF6.8%
6US POLICY EQUITY BASKET6.3%
7GLOBAL BRANDS THEMATIC EQUITY BASKET5.4%
8US TIPS (INFLATION-LINKED BONDS)5%
9US CONSUMER STAPLES FUTURES4.6%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock
Fund type
Unit Trust
Fund objective
The Fund aims to deliver over the medium to long term (three to five years) a total return, in the form of capital growth and income, which exceeds the Bank of England’s Base Interest Rate as set by the Monetary Policy Committee or successor bodies. The Fund has a flexible approach to asset allocation and will seek to diversify its exposure across a variety of asset classes globally including equity securities, fixed income securities, money-market instruments, deposits, cash and near cash, and derivatives. The Fund may also hold indirect exposure to alternative asset classes such as commodities or property through eligible index derivatives, eligible collective investment schemes or structured securities.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Adam Ryan13/04/2015Adam Ryan, Managing Director and portfolio manager, is a member of BlackRock's Multi-Asset Strategies (MAS) group which is responsible for developing, assembling and managing investment strategies involving multiple asset classes. He is Head of the Diversified Strategies team and is lead portfolio manager of Dynamic Diversified Growth (DDG). Mr Ryan's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. His background is in fixed income portfolio management where he was Head of Fixed Income for MLIM's Private Client business before developing and managing diversified multi-asset portfolios for both private and institutional clients. Mr Ryan earned a BA degree with honours in engineering from Cambridge University in 1991.
Andy Warwick13/04/2015Andy Warwick, CFA, Managing Director and portfolio manager, is a member of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group, which is responsible for developing, assembling and managing investment strategies involving multiple asset classes. Within Diversified Strategies he is lead portfolio manager for Dynamic Return Strategy (DRS) and a portfolio manager for Dynamic Diversified Growth (DDG). Mr Warwick also has responsibility for the management of a number of retail portfolios including the BGF Flexible Multi-Asset Fund and is also responsible for derivative implementation and structured product strategies for the team. Mr. Warwick's service with the firm dates back to 2005, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to MLIM he worked with Mako Global Derivatives and Dalton Strategic Partnership from 2002-2005. Mr Warwick initially worked for MLIM from 1993-2002 as a manager for MLIM's unit trusts before joining the quantitative and derivatives team as a portfolio manager and equity derivatives head trader in 1997. He was subsequently co-portfolio manager of MLIM's first hedge fund, the Mercury Equity Arbitrage Fund. Mr. Warwick earned a MSc in Finance from the University of Leicester in 2007.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey
BlackRock Dynamic Allocation A Acc
Initial charge5%
Annual charge0.85%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price94.54
Offer price99.31
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMAQT
BlackRock Dynamic Allocation A Inc
Initial charge5%
Annual charge0.85%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price94.53
Offer price99.31
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMAQU
BlackRock Dynamic Allocation D Acc
Initial charge-
Annual charge0.42%
Min single investment£100,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)-
Bid price95.13
Offer price95.17
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMAQV
BlackRock Dynamic Allocation D Inc
Initial charge-
Annual charge0.42%
Min single investment£100,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)-
Bid price94.93
Offer price94.97
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMAQW
BlackRock Dynamic Allocation X Acc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.03%
Total expense ratio (TER)-
Bid price95.72
Offer price95.76
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMAQX
BlackRock Dynamic Allocation X Inc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.03%
Total expense ratio (TER)-
Bid price94.97
Offer price95.01
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMAQY
Data provided by

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