Fact sheet: BlackRock SF EpCdtStr

Fund information
Fund name
BlackRock SF European Credit Strategies H2 EUR
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Michael Phelpssince 16/02/2011
Fund objective
The Fund aims to achieve positive absolute returns on your investment through a combination of capital growth and income regardless of market conditions. The Fund seeks to gain at least 70% of any market exposure to fixed income (FI) securities, FI-related securities which may either be denominated in European currencies or issued by governments and, government agencies of, and companies and supranationals domiciled, or the main business of which is in, Europe (including former Soviet Union countries). This is achieved by investing at least 70% of its assets in FI securities and FI-related securities and where appropriate, deposits and cash. FI securities include bonds and money market instruments. FI-related securities include financial derivative instruments (FDIs). The Fund will invest in the full range of FI securities which may include investments with a relatively low credit rating or which are unrated.
Benchmark
  • 3 month EURIBOR
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-6.5%
1 Year rank in sector
117/132
Sector
FO Absolute Return
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.
1.76%
Fund size
£305m (£1,368m 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.
32
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd14.7%
SW Mitchell Emerging European11.5%
Polar Capital UK Abs Eq10.3%
Pictet Scv II Dyn Ass Alloc9.4%
Orbis Optimal SA9.3%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • Germany9.7%
    Italy7.7%
    Sweden3.5%
    Luxembourg3%
    Brazil1.4%
  • Banks10.8%
    Other Financial8.5%
    Others6%
    Communications3.9%
    Building Materials & Merchants3.5%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%0.7%1.6%-6.5%-5%5.9%
Sector-0.2%-0.7%0.3%-0.4%2.5%9.3%
Rank within sector95 / 14129 / 14136 / 138117 / 13277 / 8446 / 64
Quartile3rd1st2nd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-3.5%-3.6%1.2%5.2%7%
Sector-0.1%0.7%1.2%3.6%3.9%
Rank within sector107 / 132100 / 11544 / 8826 / 7116 / 63
Quartile4th4th2nd2nd2nd
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.
-2.72
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.
1.59
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%.
4.47
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.
3.56
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.
-0.67
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.
0.43
Price movement
52 week high115.57
52 week low103.77
Current bid price-
Current offer price-
Current mid price108.19
Region
1Germany9.67%
2Italy7.65%
3Sweden3.47%
4Luxembourg3.03%
5Brazil1.36%
6Switzerland0.98%
7Bermuda0.53%
8France0.43%
9Norway0.34%
Industry sector
1Banks10.76%
2Other Financial8.47%
3Others5.95%
4Communications3.92%
5Building Materials & Merchants3.54%
6Other - Property3.42%
7Aerospace & Defence2.82%
8Asset/Mortgage-Backed Securities2.49%
9Media2.34%
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
BlackRock
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The Fund aims to achieve positive absolute returns on your investment through a combination of capital growth and income regardless of market conditions. The Fund seeks to gain at least 70% of any market exposure to fixed income (FI) securities, FI-related securities which may either be denominated in European currencies or issued by governments and, government agencies of, and companies and supranationals domiciled, or the main business of which is in, Europe (including former Soviet Union countries). This is achieved by investing at least 70% of its assets in FI securities and FI-related securities and where appropriate, deposits and cash. FI securities include bonds and money market instruments. FI-related securities include financial derivative instruments (FDIs). The Fund will invest in the full range of FI securities which may include investments with a relatively low credit rating or which are unrated.
Benchmark
  • 3 month EURIBOR
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Phelps16/02/2011Managing Director, is head of European Credit Investments within BlackRock Fundamental Fixed Income. Prior to joining BlackRock in 2009, Michael was the head of European Businesses at R3 Capital Partners. Earlier, he was with Lehman Brothers, where he was most recently the head of the Global Principal Strategies (GPS) European operations. He joined Lehman Brothers in 2006 to manage a credit and distressed debt portfolio for the GPS team. Mr. Phelps joined Lehman Brothers from J.P. Morgan's Proprietary Positioning Business, where he was responsible for US single name credit and distressed portfolios. Before taking on that role, he was an analyst for the equity long/short portfolio and sole analyst for the European distressed debt business. Mr. Phelps was previously Senior Vice President of Corporate Strategy and Director of Finance for GorillaPark BV, which at the time was Europe's largest incubator and seed stage technology investor. Mr. Phelps earned BA and MA degrees in economics from the University of Cambridge in 1993 and 1994.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Poland, Singapore, Sweden
BlackRock SF European Credit Strategies H2 EUR
Initial charge5%
Annual charge1.5%
Min single investment£50,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)3.19%
Bid price-
Offer price-
Mid price108.19
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMYX6
BlackRock SF European Credit Strategies H2 Hedged CHF
Initial charge5%
Annual charge1.5%
Min single investment£50,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)3.33%
Bid price-
Offer price-
Mid price105.77
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2RP
BlackRock SF European Credit Strategies H2 Hedged USD
Initial charge5%
Annual charge1.5%
Min single investment£50,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)3.33%
Bid price-
Offer price-
Mid price109.67
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0KA1
BlackRock SF European Credit Strategies H2RF Hedged GBP
Initial charge5%
Annual charge1.5%
Min single investment£50,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)3.33%
Bid price-
Offer price-
Mid price110.24
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMYX7
BlackRock SF European Credit Strategies I2 Hedged USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1001.8
CurrencyUSD
Price updated08/04/2014
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFISQ
BlackRock SF European Credit Strategies I2RF EUR
Initial charge-
Annual charge1%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price111.33
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7A8
BlackRock SF European Credit Strategies I2RF Hedged GBP
Initial charge-
Annual charge1%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)2.43%
Bid price-
Offer price-
Mid price113.74
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA1AH
BlackRock SF European Credit Strategies I2RF Hedged USD
Initial charge-
Annual charge1%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price113.15
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0D11
BlackRock SF European Credit Strategies U2 EUR
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price109.96
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3JM
BlackRock SF European Credit Strategies U2 Hedged CHF
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price91.78
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWXP
BlackRock SF European Credit Strategies U2RF GBP
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)3.21%
Bid price-
Offer price-
Mid price93.56
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3HO
BlackRock SF European Credit Strategies U2RF Hedged USD
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price111.74
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3HP
BlackRock SF European Credit Strategies X2 EUR
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price124.14
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMYX4
BlackRock SF European Credit Strategies X2 Hedged USD
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.47
CurrencyUSD
Price updated09/06/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTAW
Data provided by

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