Fact sheet: BlackRock Absolute Return Bond

Fund information

Fund name
BlackRock Absolute Return Bond D
Fund company manager
BlackRock
Fund type
UKA
Fund manager(s)
Ian Winship
since 30/09/2011
Andreas Doerrenhaus
since 14/09/2015
Fund objective
The Fund aims to achieve a positive absolute return for investors regardless of market movements and, as such, the Fund will not be managed against any fixed income benchmark. 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 fixed income (FI) securities, FI-related securities and money-market instruments (MMIs) issued by, or giving exposure to, companies, governments, government agencies and supranationals (i.e. the International Bank for Reconstruction and Development) worldwide. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
3m GBP LIBOR
Investment style
Absolute Return
Investment method
Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

2.66 %

1 Year rank in sector

35/73

Sector

UT Targeted Absolute Return

Yield

1.63

Fund size

£ 1.5 b

FE Risk score

10

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    24.16%
  • Money Market
    17.31%
  • USA
    16.18%
  • Others
    14.93%
  • EU
    7.3%
  • Investment Grade Bonds
    32.16%
  • Money Market
    17.31%
  • Mortgage & Secured Bonds
    16.92%
  • Derivatives
    14.93%
  • Debt
    14.51%
  • Global Fixed Interest
    87.32%
  • Money Market
    12.62%
  • Alternative Investment Strategies
    0.08%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.18 %2.28 %2.66 %5.36 %7.9 %
Sector0.71 %2.28 %3.19 %9.09 %16.46 %
Rank within sector55 / 7830 / 7635 / 7343 / 5941 / 50
Quartile th3 rd2 nd2 nd3 rd4 th

Calendar performance

YTD-20172016201520142013
Fund2.66 %1.49 %1.03 %-0.09 %2.21 %
Sector3.05 %0.97 %2.2 %2.51 %6.51 %
Rank within sector39 / 7634 / 6942 / 6450 / 5544 / 50
Quartile th3 rd2 nd3 rd4 th4 th

Risk statistics

Alpha0.44
Beta0.45
Sharpe-0
Volatility1.43
Tracking error1.53
Information ratio-0.56
R-Squared0.31

Price movement

52 week high112
52 week low109
Current bid price112
Current offer price112.4
Current mid price0

Holdings by region

  • 24.16% UK
  • 17.31% Money Market
  • 16.18% USA
  • 14.93% Others
  • 7.3% EU
  • 3.96% China
  • 2.99% Korea
  • 2.61% Italy
  • 2.4% France
  • 1.9% Netherlands

Holdings by sector

  • 32.16% Investment Grade Bonds
  • 17.31% Money Market
  • 16.92% Mortgage & Secured Bonds
  • 14.93% Derivatives
  • 14.51% Debt
  • 2.62% High Yield Bond
  • 1.45% Government Bonds
  • 0.13% Others

Holdings by asset type

  • 87.32% Global Fixed Interest
  • 12.62% Money Market
  • 0.08% Alternative Investment Strategies

Individual holdings

  • 5.12% FNMA 15YR TBA(REG B) 2.5 10/17/2017
  • 2.71% ISHARES JPM EM LCAL GVT BD ETF DST
  • 1.94% FNMA 30YR TBA(REG A) 4.5 10/12/2017
  • 0.97% EUROPEAN FINANCIAL STABILITY FACILT 1.8% MTN 10/07/48 EUR1000
  • 0.92% DRVUK_6 A REGS
  • 0.91% UK CONV GILT REGS 1.5 07/22/2047
  • 0.84% NDFT_17-1 A REGS
  • 0.76% TREASURY (CPI) NOTE 0.375 01/15/2027
  • 0.75% OATH_1 A REGS
  • 0.73% ITALY btp i/l 1.65%/14-230420