Fact sheet: BlackRock Dynamic Rtn Strategy

Fund information
Fund name
BlackRock Dynamic Return Strategy D
Fund manager company
BlackRock
Fund type
Unit Trust
Fund managers
  • Andy Warwicksince 17/09/2013
  • Adam Ryansince 30/03/2015
Fund objective
The aim of the BlackRock Dynamic Return Strategy Fund is to achieve a positive absolute return on a three year basis regardless of market conditions. In addition, the Fund also seeks to manage risk through active asset allocation with a view to achieving lower risk than investing in worldwide equities alone. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a three year basis in any market conditions. However, an absolute return is not guaranteed over a three year or any period and the Fund may experience periods of negative return. The Fund’s capital is at risk.
Benchmark
  • 3 Month Sterling LIBOR (Daily Average)
Investment style
Flexible,Absolute Return
Investment method
None
Quick stats
1 Year return
-9.1%
1 Year rank in sector
67/72
Sector
UT Targeted Absolute Return
Yield
0.5%
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.
0.88%
Fund size
£220m (£168m 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.
28
Bid price
87.33
Offer price
87.49
Top in this sector
Fund name1 Year
Majedie Tortoise22%
Jupiter Absolute Return11.2%
Threadneedle Tgt Rtn10.2%
CF Ruffer Absolute Return9.9%
Newton Mgd Tgtd Rtn7.8%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • International Equities38.6%
    Global Fixed Interest38%
    Alternative Assets24.5%
    Money Market-1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-3.4%-5%-9.1%-6.7%-
Sector-1%-0.3%0.8%0.1%5.5%15%
Rank within sector53 / 7370 / 7467 / 7267 / 72--
Quartile3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-8.6%----
Sector-0%2.2%2.5%6.5%3.3%
Rank within sector67 / 72----
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.
-5.73
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.
1.82
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
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%.
4.54
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.
3.61
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.
-1.06
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.
0.46
Price movement
52 week high96.45
52 week low87.2
Current bid price87.33
Current offer price87.49
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1International Equities38.6%
2Global Fixed Interest38.04%
3Alternative Assets24.47%
4Money Market-1.1%
Individual holdings
No data available.
Management
Fund manager group
BlackRock
Fund manager company
BlackRock
Fund type
Unit Trust
Fund objective
The aim of the BlackRock Dynamic Return Strategy Fund is to achieve a positive absolute return on a three year basis regardless of market conditions. In addition, the Fund also seeks to manage risk through active asset allocation with a view to achieving lower risk than investing in worldwide equities alone. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a three year basis in any market conditions. However, an absolute return is not guaranteed over a three year or any period and the Fund may experience periods of negative return. The Fund’s capital is at risk.
Benchmark
  • 3 Month Sterling LIBOR (Daily Average)
Investment style
Flexible,Absolute Return
Investment method
None
Fund managers
NameSinceBiography
Andy Warwick17/09/2013Andy 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.
Adam Ryan30/03/2015Adam 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey
BlackRock Dynamic Return Strategy D
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price87.33
Offer price87.49
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMAQS
BlackRock Dynamic Return Strategy I
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price96.1
Offer price96.28
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJQ6J
BlackRock Dynamic Return Strategy X
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)-
Bid price98.05
Offer price98.23
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJQ6K
Data provided by

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