Fact sheet: BlackRock UK Absolute Alpha

Fund information
Fund name
BlackRock UK Absolute Alpha D Acc
Fund manager company
BlackRock
Fund type
Unit Trust
Fund managers
  • Nick Osbornesince 17/01/2008
  • Nigel Ridgesince 28/03/2013
Fund objective
The Fund aims to achieve positive absolute returns for investors through a combination of capital growth and income on your investment and, as such, the Fund will not be managed against any United Kingdom (UK) equity index. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund's capital is at risk. The Fund primarily aims to gain investment exposure to shares and equity-related securities of, or giving exposure to, companies incorporated or listed in the UK. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
  • LIBOR 3 Month (GBP)
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
1.4%
1 Year rank in sector
32/72
Sector
UT Targeted 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.
0.93%
Fund size
£290m (£209m 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.
25
Bid price
144.2
Offer price
144.5
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

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%0.5%0.9%1.4%18.4%20.6%
Sector-1%-0.3%0.8%0.1%5.5%15%
Rank within sector14 / 7327 / 7439 / 7232 / 726 / 5820 / 47
Quartile1st2nd3rd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.6%7.8%6.6%3.5%1.2%
Sector-0%2.2%2.5%6.5%3.3%
Rank within sector35 / 728 / 6712 / 5840 / 5337 / 47
Quartile2nd1st1st4th4th
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.
2.95
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.
1.53
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.
0.69
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%.
4.84
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.
4.17
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.
1.01
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.
0.29
Price movement
52 week high144.9
52 week low136.7
Current bid price144.2
Current offer price144.5
Current mid price-
Region
1UK100%
Industry sector
1Consumer Services15.47%
2Financials13.65%
3Industrials5.29%
4Health Care4.26%
5Telecommunications3.41%
6Oil & Gas2.93%
7Consumer Goods2.7%
8Utilities-0.15%
9Technology-0.33%
Asset type
No data available.
Individual holdings
1RELX PLC6.03%
2CARNIVAL CORP3.77%
3BRITISH AMERICAN TOBACCO3.75%
4LLOYDS BANKING GROUP PLC3.16%
5SHIRE PLC2.97%
6ROYAL DUTCH SHELL2.95%
73I GROUP2.51%
8BETTER CAPITAL2.31%
9INTERTEK GROUP2.23%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock
Fund type
Unit Trust
Fund objective
The Fund aims to achieve positive absolute returns for investors through a combination of capital growth and income on your investment and, as such, the Fund will not be managed against any United Kingdom (UK) equity index. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund's capital is at risk. The Fund primarily aims to gain investment exposure to shares and equity-related securities of, or giving exposure to, companies incorporated or listed in the UK. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
  • LIBOR 3 Month (GBP)
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Nick Osborne17/01/2008Nick Osborne, CFA, Director and portfolio manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Portfolio Management Group. He co-manages the UK Absolute Alpha Fund and is responsible for managing UK equity portfolios for institutional and retail investors and also covers the Utilities and Telecommunications sectors.Mr Osborne's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. He began his career with MLIM in 1999 as an investment analyst on the UK and Emerging Market teams.Mr. Osborne earned a BSc in Economics from Bristol University in 1999.
Nigel Ridge28/03/2013Nigel Ridge is a member of the UK Equity Team and a member of the UK and Pan European Model Portfolio Team in London. He joined us in 1994 after six years at Schroder Investment Management. Nigel has a BSc from Loughborough University.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey
BlackRock UK Absolute Alpha A Acc
Initial charge5%
Annual charge1.75%
Min single investment£500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.93%
Bid price160
Offer price168.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeVN11
BlackRock UK Absolute Alpha A Inc
Initial charge5%
Annual charge1.75%
Min single investment£500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.93%
Bid price153.1
Offer price161.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeVN98
BlackRock UK Absolute Alpha D Acc
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price144.2
Offer price144.5
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFMP0
BlackRock UK Absolute Alpha P Acc
Initial charge5%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.68%
Bid price137.9
Offer price145.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKX87
BlackRock UK Absolute Alpha S Acc
Initial charge5%
Annual charge0.67%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price105.2
Offer price110.7
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM74Y
BlackRock UK Absolute Alpha S Inc
Initial charge5%
Annual charge0.67%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price105.7
Offer price111.2
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM74Z
Data provided by

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