Fact sheet: BlackRock ICS InstStgUl SBd

Fund information
Fund name
BlackRock ICS Institutional Sterling Ultra Short Bond Core
Fund manager company
BlackRock Inv Mgt (Dublin) Ltd
Fund type
OEIC
Fund managers
  • Bea Rodriguezsince 14/02/2014
Fund objective
The investment objective of the Institutional Sterling Ultra Short Bond Fund (the Fund) is to generate current income and a reasonable degree of liquidity consistent with the low volatility of principal, through the maintenance of a portfolio of high quality money market and fixed income instruments including floating rate securities.
Benchmark
  • LIBID GBP 3 month
Investment style
None
Investment method
Short Dated Bonds
Quick stats
1 Year return
0.5%
1 Year rank in sector
7/42
Sector
FO Currency - Sterling
Yield
-
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.
0.2%
Fund size
£576m (£351m last year)
Top in this sector
Fund name1 Year
Hume Caut MA Stg2%
Payden & Rygel Sterling Rsrv1.3%
CMI Sterling Currency Reserve0.9%
Aberdeen Liq(L)USDurStg0.9%
Insight ILF GBP Liquidity Plus0.8%
...more in FO Currency - Sterling

Performance snapshot

Holdings snapshot

  • USA20.6%
    Canada13.4%
    France11.4%
    Japan11.3%
    Australia11%
  • Commercial Paper37.8%
    Fixed Interest36.3%
    Certificates of Deposit22.3%
    Asset Backed Commercial Paper3%
    Investment Companies0.8%
  • Money Market63.1%
    Global Fixed Interest36.3%
    Others0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0.1%0.2%0.5%1.5%-
Sector0%0%0.1%0.2%1.2%2%
Rank within sector8 / 448 / 447 / 447 / 426 / 38-
Quartile1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund0.2%0.6%0.5%0.5%0.4%
Sector0%0.3%0.6%0.3%0.3%
Rank within sector7 / 446 / 404 / 386 / 3810 / 38
Quartile1st1st1st1st2nd
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.
0.5
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.
0.04
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%.
0.03
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.
0.16
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.
0.03
Price movement
52 week high128.32
52 week low127.66
Current bid price-
Current offer price-
Current mid price128.32
Region
1USA20.57%
2Canada13.35%
3France11.42%
4Japan11.29%
5Australia11.03%
6UK7.31%
7Netherlands7.26%
8Sweden3.68%
9Switzerland3.62%
Industry sector
1Commercial Paper37.77%
2Fixed Interest36.28%
3Certificates of Deposit22.33%
4Asset Backed Commercial Paper2.97%
5Investment Companies0.82%
Asset type
1Money Market63.07%
2Global Fixed Interest36.28%
3Others0.82%
Individual holdings
No data available.
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Inv Mgt (Dublin) Ltd
Fund type
OEIC
Fund objective
The investment objective of the Institutional Sterling Ultra Short Bond Fund (the Fund) is to generate current income and a reasonable degree of liquidity consistent with the low volatility of principal, through the maintenance of a portfolio of high quality money market and fixed income instruments including floating rate securities.
Benchmark
  • LIBID GBP 3 month
Investment style
None
Investment method
Short Dated Bonds
Fund managers
NameSinceBiography
Bea Rodriguez14/02/2014Bea Rodriguez, Managing Director, is a senior member of the Non-Dollar Cash team within Trading & Liquidity Strategies Group. Prior to joining BlackRock in 2009, Ms. Rodriguez was with Fidelity International Investments, most recently as a sterling high grade portfolio manager and rates specialist, and previously as a manager of institutional and retail sterling money market funds as well as short duration strategies. Ms. Rodriguez was also a portfolio manager at Deutsche Bank AG from 2000 to 2003 where she headed up the cash reinvestment process for the securities lending desk as well as overseeing the launch and investments of Deutsche Banks offshore UCITs money market funds. She began her career at J.P. Morgan Investment Management in 1994. Ms. Rodriguez earned a BSc degree in management sciences from the London School of Economics and Political Sciences in 1993.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Isle of Man, Ireland, Iceland, Italy, Luxembourg, Monaco, Netherlands, Norway, Offshore, Singapore
BlackRock ICS Institutional Sterling Ultra Short Bond Agency
Initial charge-
Annual charge0.03%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.03%
Total expense ratio (TER)0.03%
Bid price-
Offer price-
Mid price130.8698
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG18C
BlackRock ICS Institutional Sterling Ultra Short Bond Core
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price128.3232
CurrencyGBP
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFHD5
BlackRock ICS Institutional Sterling Ultra Short Bond Premier
Initial charge-
Annual charge0.1%
Min single investment£1,000,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.9429
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMVYK
Data provided by

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