Fact sheet: BlackRock ICSInsErUlStBd

Fund information
Fund name
BlackRock ICS Institutional Euro 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 Euro 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 EUR 3 month
Investment style
None
Investment method
Short Dated Bonds
Quick stats
1 Year return
-0.1%
1 Year rank in sector
22/57
Sector
FO Currency - Euro
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
£288m (£284m 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.
61
Top in this sector
Fund name1 Year
Amundi Abs Euro Taux Court2.4%
BNP Paribas Sht Tm Eurpn Secrtn1.1%
Petercam L Liq EUR&FRN0.8%
Hume Caut MA €0.5%
Parvest Enhcd Cash 6 Mth0.5%
...more in FO Currency - Euro

Performance snapshot

Holdings snapshot

  • France16.3%
    USA16.2%
    Sweden15.1%
    Australia13%
    Netherlands9.4%
  • Fixed Interest82.8%
    Investment Companies8.9%
    Asset Backed Commercial Paper6.4%
    Certificates of Deposit1.4%
    Commercial Paper0.5%
  • Global Fixed Interest82.8%
    Others8.9%
    Money Market8.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%-0.1%-0.1%-0.1%0%-
Sector-0.1%-0.1%-0.2%-0.2%-0.1%0.3%
Rank within sector23 / 5923 / 5823 / 5822 / 5720 / 54-
Quartile2nd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-0.1%-0%0.2%0.1%-
Sector-0.2%-0.1%0.1%0%0.3%
Rank within sector22 / 5822 / 5419 / 5315 / 50-
Quartile2nd2nd2nd2nd
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.
0.01
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.
0.18
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%.
0.06
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.
0.11
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.
-0.04
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.
0.11
Price movement
52 week high114.38
52 week low114.24
Current bid price-
Current offer price-
Current mid price114.24
Region
1France16.33%
2USA16.2%
3Sweden15.14%
4Australia13.03%
5Netherlands9.37%
6Money Market8.89%
7Canada8.7%
8Switzerland5.92%
9Norway3.38%
Industry sector
1Fixed Interest82.84%
2Investment Companies8.89%
3Asset Backed Commercial Paper6.44%
4Certificates of Deposit1.36%
5Commercial Paper0.51%
Asset type
1Global Fixed Interest82.84%
2Others8.89%
3Money Market8.31%
Individual holdings
1BLACKROCK ICS INSTITUTIONAL EURO LIQUIDITY AGENCY INC8.89%
2METROPOLITAN LIFE GLOBAL FUNDING I 4.625% MTN 16/05/17 EUR500005.85%
3RABOBANK NEDERLAND FRN 12/10/17 EUR1000005.43%
4COCA-COLA CO FRN 09/03/17 EUR1000003.99%
5NATIONAL AUSTRALIA BANK 3.75% BDS 06/01/17 EUR10003.75%
6SVENSKA HANDELSBANKEN 3.75% NTS 24/02/17 EUR1000`280`3.56%
7DNB ASA 2.75% MTN 21/03/17 EUR10003.38%
8BANK OF NOVA SCOTIA FRN 15/09/17 EUR1000003.29%
9BANQUE FEDERATIVE DU CREDIT MUTUAL FRN 15/11/16 EUR1000003.26%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Inv Mgt (Dublin) Ltd
Fund type
OEIC
Fund objective
The investment objective of the Institutional Euro 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 EUR 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
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Canada, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Isle of Man, Ireland, Iceland, Italy, Luxembourg, Monaco, Netherlands, Norway, Offshore, Singapore
BlackRock ICS Institutional Euro Ultra Short Bond Agency EUR
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price111.4352
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM3NH
BlackRock ICS Institutional Euro 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)-
Bid price-
Offer price-
Mid price114.2431
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0T38
BlackRock ICS Institutional Euro Ultra Short Bond Premium EUR
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 price99.987
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM1KV
BlackRock ICS Institutional Euro Ultra Short Bond Select
Initial charge-
Annual charge0.15%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.271
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI0DU
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.