Fact sheet: BlackRock Market Advantage

Fund information
Fund name
BlackRock Market Advantage D Acc
Fund manager company
BlackRock
Fund type
Unit Trust
Fund managers
  • Ked Hogansince 16/01/2015
  • Shinda Bickhamsince 16/01/2015
  • Jack Daviessince 01/11/2015
  • Kris Keltnersince 16/01/2015
  • Philip Hodgessince 16/01/2015
Fund objective
The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets. This will be effected by gaining exposures to a diverse range of asset classes. The Fund will invest on a global basis in any or all of the following asset classes: shares, fixed income securities, money-market instruments, deposits, cash, and other funds and derivatives (i.e. investments the prices of which are based on one or more underlying assets). These asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions and other factors at the investment manager’s direction. The investment manager may use derivatives to help achieve the Fund’s investment objective. Derivatives may be used to gain indirect exposure to commodities (such as precious metals and agricultural produce) and property.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
5.2%
1 Year rank in sector
97/124
Sector
UT Specialist
Yield
0.2%
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.
0.48%
Fund size
£57m (£20m 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.
38
Bid price
103.6
Offer price
103.6
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

  • Not Specified48.3%
    International31.5%
    Global Emerging Markets17.2%
    Money Market2.9%
  • Government Bonds28.8%
    High Yield Bond12%
    Index Linked11.7%
    Equities10.2%
    Investment Grade Bonds10%
  • Global Developed Markets Government Fixed Interest18.5%
    Global High Yield Fixed Interest12%
    Global Index Linked11.7%
    Global Emerging Market Government Fixed Interest10.3%
    Global Investment Grade Fixed Interest10%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%-2.2%1.5%5.2%--
Sector-1.2%-0.5%9.4%19.8%17%27.7%
Rank within sector54 / 12492 / 125107 / 12597 / 124--
Quartile2nd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund6%----
Sector19.7%-4.5%1.2%4.5%7.5%
Rank within sector89 / 124----
Quartile3rd
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 high105.9
52 week low93.85
Current bid price103.6
Current offer price103.6
Current mid price-
Region
1Not Specified48.3%
2International31.53%
3Global Emerging Markets17.24%
4Money Market2.93%
Industry sector
1Government Bonds28.81%
2High Yield Bond11.99%
3Index Linked11.65%
4Equities10.18%
5Investment Grade Bonds9.99%
6Property9.84%
7Small Cap Companies9.79%
8Commodity & Energy4.82%
9Money Market2.93%
Asset type
1Global Developed Markets Government Fixed Interest18.47%
2Global High Yield Fixed Interest11.99%
3Global Index Linked11.65%
4Global Emerging Market Government Fixed Interest10.34%
5Global Investment Grade Fixed Interest9.99%
6Property9.84%
7International Small Cap Companies9.79%
8Global Emerging Market Equities6.9%
9Commodity & Energy4.82%
Individual holdings
No data available.
Management
Fund manager group
BlackRock
Fund manager company
BlackRock
Fund type
Unit Trust
Fund objective
The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets. This will be effected by gaining exposures to a diverse range of asset classes. The Fund will invest on a global basis in any or all of the following asset classes: shares, fixed income securities, money-market instruments, deposits, cash, and other funds and derivatives (i.e. investments the prices of which are based on one or more underlying assets). These asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions and other factors at the investment manager’s direction. The investment manager may use derivatives to help achieve the Fund’s investment objective. Derivatives may be used to gain indirect exposure to commodities (such as precious metals and agricultural produce) and property.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Ked Hogan16/01/2015
Shinda Bickham16/01/2015Shinda Bickham, Director, is a San Francisco-based, senior portfolio manager within the MAS - Factor-Based Strategies Group where he oversees the global implementation function for our factor-based portfolio suite, including Market Advantage and Style Advantage. Mr. Bickham also oversees global implementation for MuSt, and is actively involved in the research of trading and portfolio construction strategies for both teams. Prior to joining MAS, Mr. Bickham was a portfolio manager in the Client Solutions (CS) team within BlackRock Solutions, initially based in London where he worked within the EMEA LDI PM team with oversight responsibilities for the EMEA LDI pooled fund range and, before that, in the Derivatives Solutions Group where he managed a variety of derivatives-based overlays and foreign exchange hedging mandates. Mr. Bickham moved to the New York office in 2013, where he held portfolio management responsibilities within the CS OCIO/Fiduciary business. Prior to joining BlackRock in 2010, Mr. Bickham worked for Russell Investments in a number of capacities, originally as a founding member of their US LDI portfolio management team and, ultimately, as a portfolio manager in their London-based Overlay Services team, where he managed derivatives-based completion funds and focused on further developing their LDI and interest rate swap management infrastructure. Mr. Bickham earned a BA degree in economics from the University of California, Berkeley in 1998.
Jack Davies01/11/2015
Kris Keltner16/01/2015
Philip Hodges16/01/2015
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey
BlackRock Market Advantage D Acc
Initial charge-
Annual charge0.35%
Min single investment£100,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price103.6
Offer price103.6
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM2CV
BlackRock Market Advantage 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 price104.3
Offer price104.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM2CW
Data provided by

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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.