| Morningstar Fund Report | 13/04/2025 |  |
BlackRock European Absolute Alpha D Acc |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 8.6 | -2.7 | 6.7 | 7.5 | -1.5 |
| +/-Cat | 4.4 | -6.0 | 2.9 | -0.4 | -3.7 |
| +/-B’mrk | 8.9 | 10.5 | 0.7 | 4.1 | -2.2 |
| Category: Equity Market Neutral GBP | ||||||
| Category Benchmark: Morningstar UK Cau Tgt Allo... | ||||||
| Key Stats | ||
| NAV 10/04/2025 | GBX 189.50 | |
| Day Change | 0.51% | |
| Morningstar Category™ | Equity Market Neutral GBP | |
| IA (formerly IMA) Sector | Targeted Absolute Return | |
| ISIN | GB00B4Y62W78 | |
| Fund Size (Mil) 31/03/2025 | GBP 322.30 | |
| Share Class Size (Mil) - | - | |
| Max Initial Charge | - | |
| Ongoing Charge 10/02/2025 | 0.92% | |
| Morningstar Research |
| Analyst Report | 02/12/2024 Francesco Paganelli, Senior Analyst Morningstar, Inc |
BlackRock European Absolute Alpha has several strengths that have led us to increase our conviction in the fund, despite the numerous changes we have seen here over the years. With higher scores on the strategy’s People and Process Pillars, the... | |
| 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 European Absolute Alpha D 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 | ||
Stefan Gries 01/07/2013 | ||
Stephanie Bothwell 26/02/2021 | ||
Inception Date 31/03/2009 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| 3 month SONIA TR GBP | Morningstar UK Cau Tgt Alloc NR GBP |
| Portfolio Profile for BlackRock European Absolute Alpha D Acc | 28/02/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | 4.83 | 2.91 | 9.92 | 8.59 | -2.74 | 6.68 | 7.53 | -1.53 |
| +/- Category | 5.86 | 2.14 | 6.29 | 4.40 | -5.99 | 2.89 | -0.39 | -3.70 |
| +/- Category Index | - | - | 4.35 | 8.90 | 10.51 | 0.71 | 4.06 | -2.16 |
| % Rank in Category | 11 | 7 | 30 | 30 | 78 | 30 | 47 | 76 |
| Trailing Returns (GBP) | 10/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | 0.51 | 0.56 | 0.66 |
| 1 Week | 0.28 | 0.34 | 1.38 |
| 1 Month | 0.92 | 0.10 | 1.47 |
| 3 Months | -3.90 | -6.10 | -4.28 |
| 6 Months | 1.20 | -3.69 | 1.53 |
| YTD | -1.93 | -4.83 | -1.54 |
| 1 Year | 0.30 | -6.59 | -3.39 |
| 3 Years Annualised | 3.51 | -4.32 | 3.15 |
| 5 Years Annualised | 4.76 | -2.77 | 5.04 |
| 10 Years Annualised | 4.12 | -0.11 | 2.61 |
| Category: Equity Market Neutral GBP | |||
| Category Index: Morningstar UK Cau Tgt Alloc NR GBP | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -1.53 | - | - | - |
| 2024 | 6.88 | 0.41 | -3.30 | 3.62 |
| 2023 | 1.34 | 1.17 | 0.01 | 4.04 |
| 2022 | -1.46 | -1.45 | 2.52 | -2.31 |
| 2021 | -3.39 | 4.48 | 2.05 | 5.42 |
| 2020 | 4.27 | 3.30 | 4.35 | -2.21 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Equity Market Neutral GBP | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar UK Cau Tgt Alloc NR GBP | Morningstar EAA USD Cau Tgt Alloc NR USD | |
| 3-Yr Beta | -0.04 | 0.58 |
| 3-Yr Alpha | -0.30 | 0.24 |
| Investment Style Details | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||
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| Category: Equity Market Neutral GBP | |||||||||||||||||||||||||||||||||||||||||
| Fixed Income Style | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 28/02/2025 |
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| World Regions | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||
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| Category: Equity Market Neutral GBP | |||||||||||||||||||||||||||||||||||||||||||
| Sector Weightings | 28/02/2025 | ||||||||||||||||||||||||
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| Category: Equity Market Neutral GBP | |||||||||||||||||||||||||
Consumer Cyclical
Technology| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 112 |
| Total Number of Bond Holdings | 0 |
| Assets in Top 10 Holdings | 33.79 |
| Name | Sector | Country | % of Assets | ||
 BlackRock ICS Stlg LiqEnvtlyAwr Agcy Inc |  | Ireland | 9.32 | ||
 Linde PLC |  | United States | 3.17 | ||
| MTU Aero Engines AG |  | Germany | 2.94 | ||
| RELX PLC | | United Kingdom | 2.78 | ||
| London Stock Exchange Group PLC |  | United Kingdom | 2.76 | ||
| CFD on SAP SE | | Germany | 2.71 | ||
| CRH PLC | | United States | 2.69 | ||
| CFD on Safran SA | | France | 2.64 | ||
| CFD on AIB Group PLC | | Ireland | 2.39 | ||
| CFD on Hermes International SA | | France | 2.38 | ||
Increase Decrease  New since last portfolio | |||||
| Category: Equity Market Neutral GBP | |||||
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| Biography | |
| Stefan Gries joined BlackRock’s European equity team in 2008, after previous roles at Scottish Widows, Aberdeen Asset Management and Deutsche Bank. Stefan gained his MA in Economics & Spanish from the University of St. Andrews. He started his career in 2005 as European equity analyst and portfolio assistant at Scottish Widows Investment Partnership. He joined BlackRock’s European equity team in 2008 and is responsible for covering the energy sector. |
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| Fund Manager | Stephanie Bothwell |
| Manager Start Date | 26/02/2021 |
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