Fact sheet: BlackRock Vol Strat III

Fund information
Fund name
BlackRock Volatility Strategy III C Acc
Fund manager company
BlackRock
Fund type
Unit Trust
Fund manager
  • Mason Woodworthsince 06/03/2013
Fund objective
The Fund is designed to help you grow your longterm wealth while using a volatility management strategy with the aim of limiting the fluctuations (or ‘volatility’) your portfolio experiences to around 13%. Periods of great volatility often coincide with periods of poor returns for most kinds of investments so something which seeks to manage this volatility may help shield you from more extreme market movements. Be advised though that focusing so explicitly on smoothing out the impact of some of the peaks and troughs of the markets may reduce the amount of capital growth the Fund can deliver. This should not necessarily be thought of as the fund ‘underperforming’, it’s more a reflection of its nature. Less risk has been taken in its construction, so returns may be less than those of the markets it invests in. The Fund will invest in a wide range of assets including stocks, bonds, cash and other instruments in order to arrive at the asset allocation its managers believe can best help it achieve its objectives. A substantial amount, even all, of its assets can be held in cash at any time if market conditions dictate. There is no guarantee that the Fund will achieve its objective of managing volatility at or around 13%.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
11.3%
1 Year rank in sector
61/268
Sector
UT Mixed Investment 40%-85% Shares
Yield
1.7%
Fund size
£30m (£24m 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.
77
Bid price
128.7
Offer price
138.2
Top in this sector
Fund name1 Year
Orbis Gbl Bal32.7%
CF Greenmount20.7%
HSBC Wld Seltn Advntr Pfl19.7%
S&W Millbank East River18.8%
FP MA DRP VIII18.6%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • USA33.6%
    UK32.3%
    Japan5.4%
    China2.9%
    Germany2.5%
  • Financials20.9%
    Industrials12.6%
    Consumer Goods10%
    Consumer Services8.6%
    Technology7.1%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.2%-1%9.5%11.3%25.8%-
Sector-2%0%8.3%8.7%18.3%45.3%
Rank within sector166 / 280200 / 27996 / 27561 / 26825 / 240-
Quartile3rd3rd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund12.5%1.3%9.4%--
Sector9.5%2.2%5%13.5%9%
Rank within sector53 / 268183 / 25211 / 242--
Quartile1st3rd1st
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.
0.48
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.
1.4
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.
0.58
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%.
8.48
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.
3.24
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.
0.8
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.
0.93
Price movement
52 week high134.5
52 week low105.2
Current bid price128.7
Current offer price138.2
Current mid price-
Region
1USA33.62%
2UK32.34%
3Japan5.42%
4China2.92%
5Germany2.46%
6France2.33%
7Taiwan2.02%
8Canada1.84%
9Switzerland1.61%
Industry sector
1Financials20.9%
2Industrials12.58%
3Consumer Goods9.95%
4Consumer Services8.61%
5Technology7.08%
6Health Care6.99%
7Oil & Gas6.25%
8Government Bonds5.94%
9Basic Materials4.06%
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
BlackRock
Fund manager company
BlackRock
Fund type
Unit Trust
Fund objective
The Fund is designed to help you grow your longterm wealth while using a volatility management strategy with the aim of limiting the fluctuations (or ‘volatility’) your portfolio experiences to around 13%. Periods of great volatility often coincide with periods of poor returns for most kinds of investments so something which seeks to manage this volatility may help shield you from more extreme market movements. Be advised though that focusing so explicitly on smoothing out the impact of some of the peaks and troughs of the markets may reduce the amount of capital growth the Fund can deliver. This should not necessarily be thought of as the fund ‘underperforming’, it’s more a reflection of its nature. Less risk has been taken in its construction, so returns may be less than those of the markets it invests in. The Fund will invest in a wide range of assets including stocks, bonds, cash and other instruments in order to arrive at the asset allocation its managers believe can best help it achieve its objectives. A substantial amount, even all, of its assets can be held in cash at any time if market conditions dictate. There is no guarantee that the Fund will achieve its objective of managing volatility at or around 13%.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
None
Fund manager
NameSinceBiography
Mason Woodworth06/03/2013Mason Woodworth, Director and portfolio manager in BlackRock's Multi-Asset Client Solutions (BMACS) group, with responsibility for solution design and implementation, portfolio analytics and risk management. Mason's service with the firm dates back to 2004, including time spent with the Risk and Quantitative Analysis group, where he was responsible for Multi Asset Portfolios within EMEA. Prior to joining BlackRock, Mason spent six years as a Senior Engineer developing active magnetic bearing systems. Mason earned a BSc degree in mechanical engineering from the University of Rhode Island in 1997, and an MBA degree from the Imperial College Business School in 2004.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
BlackRock Volatility Strategy III C Acc
Initial charge7%
Annual charge0.35%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.23%
Bid price128.7
Offer price138.2
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIDZP
BlackRock Volatility Strategy III E Acc
Initial charge7%
Annual charge0.35%
Min single investment£20,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.38%
Bid price128.1
Offer price137.5
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIDZQ
Data provided by

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