BlackRock UK Absolute Alpha Fund A AccRegister to Unlock Ratings |
Performance History | 31/07/2024 |
Growth of 1,000 (GBP) | Advanced Graph |
![]() | Fund | -1.8 | 0.4 | 7.3 | 5.5 | 6.8 |
![]() | +/-Cat | - | - | - | - | - |
![]() | +/-B’mrk | -7.4 | 0.7 | 20.5 | -0.5 | 4.2 |
Category: Equity Market Neutral GBP | ||||||
Category Benchmark: Morningstar UK Cau Tgt Allo... |
Key Stats | ||
NAV 14/08/2024 | GBX 199.05 | |
Day Change | 0.43% | |
Morningstar Category™ | Equity Market Neutral GBP | |
IA (formerly IMA) Sector | Targeted Absolute Return | |
ISIN | GB00B06L9G55 | |
Fund Size (Mil) 31/07/2024 | GBP 133.71 | |
Share Class Size (Mil) 31/01/2008 | GBP 459.19 | |
Max Initial Charge | 5.00% | |
Ongoing Charge 19/01/2024 | 1.92% |
Morningstar Research |
Analyst Report | 30/05/2024 Francesco Paganelli, Senior Analyst Morningstar, Inc |
BlackRock UK Absolute Alpha’s experienced lead manager, together with a well-structured investment approach backed by in-depth research, continue to support a Morningstar Analyst Rating of Bronze for its clean share class, while other share... | |
Click here to read this analyst report on the underlying fund. |
Morningstar Pillars | |
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People | 24 |
Parent | 24 |
Process | 24 |
Performance | |
Price |
Investment Objective: BlackRock UK Absolute Alpha Fund A Acc |
The aim of the Fund is to provide a positive absolute return on your investment (i.e. an increase in the overall value of the Fund) (gross of fees) over any 12 month period regardless of market conditions. The Fund’s target, which is used in the calculation of performance fees after all other fees, is to have a return greater than 3 Month SONIA compounded in arrears plus 11.9 basis point spread over the relevant 12 month period. The Fund will invest at least 70% of its total assets in derivatives, equity securities, equity related securities (i.e. other investments whose value is related to equities) and money market instruments (i.e. debt securities with short term maturities), cash or assets that can be turned into cash quickly. Derivatives will be used to further the investment objective of the Fund. Derivatives may also be used seek to reduce risk (relevant to the investment objective) within the Sub-Fund, reduce investment costs and generate additional income for the Sub-Fund. |
Returns | |||||||||||||
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Management | ||
Manager Name Start Date | ||
Nigel Ridge 28/03/2013 | ||
Richard Wingfield 01/06/2020 | ||
Click here to see others | ||
Inception Date 29/04/2005 |
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Category Benchmark | |
Fund Benchmark | Morningstar Benchmark |
SONIA | Morningstar UK Cau Tgt Alloc NR GBP |
Target Market | ||||||||||||||||||||
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Portfolio Profile for BlackRock UK Absolute Alpha Fund A Acc | 31/05/2024 |
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