Fact sheet: BlackRock World Mining IT

Fund information
Fund name
BlackRock World Mining IT
Fund manager company
BlackRock Investment Managemen
Fund type
Investment Trust
Fund managers
  • Evy Hambrosince 30/04/2009
  • Olivia Markhamsince 30/04/2015
Accolades
Fund objective
To provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximizing total returns. While the policy is to invest principally in quoted securities, the Company's investment policy includes investing in royalties derived from the production of metals and minerals, as well as physical metals. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.
Benchmark
  • Euromoney Global Mining
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
81.1%
1 Year rank in sector
2/10
Sector
IT Commodities & Nat Resources
Yield
5.5%
Fund size
£578m
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.
231
Mid price
327.75
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
379.92
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-13.86
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
112
Top in this sector
Fund name1 Year
Gldn Prospect Precs Mt91.9%
BlackRock World Mining IT81.1%
Riverstone Energy Ltd Ord NPV62.5%
CityNaturRes HghYld Tst50.1%
Baker Steel Res Tst50%
...more in IT Commodities & Nat Resources

Performance snapshot

Holdings snapshot

  • International54.8%
    Latin America14%
    Australasia9.3%
    Africa8%
    Canada7.8%
  • Others37.2%
    Gold22.2%
    Other Metals21.7%
    Precious Metals & Stones14.3%
    Mineral Extraction4%
  • Commodity & Energy100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%17.1%49.3%81.1%-11.6%-31.2%
Sector-4.5%1.2%28.3%49.5%-26.9%-57.3%
Rank within sector6 / 102 / 102 / 102 / 106 / 93 / 8
Quartile3rd1st1st1st3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund95.4%-37%-30.4%-17.5%-4.1%
Sector54.4%-39%-21.5%-32.7%-8.4%
Rank within sector1 / 107 / 107 / 94 / 83 / 8
Quartile1st3rd4th2nd2nd
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.
11.4
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.
1.42
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.
-0.03
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%.
32.31
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.
16.69
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.
0.28
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.
0.8
Price movement
52 week high340.5
52 week low159
Current bid price326.25
Current offer price328
Current mid price327.75
Region
1International54.8%
2Latin America14%
3Australasia9.3%
4Africa8%
5Canada7.8%
6European Emerging Markets3.4%
7South Africa1.9%
8Indonesia0.3%
9Tanzania0.3%
Industry sector
1Others37.2%
2Gold22.2%
3Other Metals21.7%
4Precious Metals & Stones14.3%
5Mineral Extraction4%
6Industrial Commodities0.4%
7Net Current Assets0.2%
Asset type
1Commodity & Energy100%
Individual holdings
1RIO TINTO8.6%
2BHP BILLITON PLC8.3%
3FIRST QUANTUM MINERALS8%
4GLENCORE PLC5.6%
5LUNDIN MINING CORP4.3%
6FRESNILLO PLC4.1%
7TECK RESOURCES LTD3.4%
8MMC NORILSK NICKEL PJSC3.3%
9NEWMONT MINING CORP3.3%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Investment Managemen
Fund type
Investment Trust
Fund objective
To provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximizing total returns. While the policy is to invest principally in quoted securities, the Company's investment policy includes investing in royalties derived from the production of metals and minerals, as well as physical metals. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.
Benchmark
  • Euromoney Global Mining
Investment style
No data available.
Investment method
Shares
Fund managers
NameSinceBiography
Evy Hambro30/04/2009Evy Hambro, Managing Director, is the joint Chief Investment Officer of the Natural Resources Equity team within BlackRock's EMEA Fundamental Equity Portfolio Management Group. He is responsible for the management of BGF World Mining, BGF World Gold, BlackRock Gold and General Fund and BlackRock World Mining Trust. He is also co-manager of BlackRock's Natural Resources Hedge Fund and manger of a number of segregated portfolios. Mr. Hambro's service with the firm dates back to 1994, including his years with Mercury Asset Management & Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr. Hambro earned a BSc degree, with honours, in Agricultural Food marketing, from Newcastle University in 1994.
Olivia Markham30/04/2015Olivia Markham, CFA, Director and portfolio manager, is a member of the Natural Resources Equity team within the Fundamental Equity division of BlackRock's Alpha Strategies Group. She co-manages the BlackRock World Mining Trust, the BGF World Mining Fund, the Commodities Income Investment Trust and a number of the team’s segregated portfolios. Ms. Markham joined BlackRock in 2011. Previously, she was head of the European Mining team at UBS with lead coverage of the UK diversified miners. Before moving to London in 2009, Ms. Markham worked for Merrill Lynch in Sydney covering the Australian miners. She also spent four years working within the Mergers and Acquisition team at BHP Billiton. Ms. Markham earned a BComm degree in finance from the University of Western Australia in 2003.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
BlackRock World Mining IT
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price377.67
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJGU
BlackRock World Mining IT NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price370.0522
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM555
Data provided by

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