Morningstar Fund Report  | 11/04/2025Print

BlackRock UK Smaller Companies Fund D Income

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BlackRock UK Smaller Companies Fund D Income
Fund26.1-27.91.12.6-9.3
+/-Cat3.2-3.81.3-3.0-2.2
+/-B’mrk---5.8-2.1-5.7
 
Category: UK Small-Cap Equity
Category Benchmark: Morningstar UK Small Cap TM...
Key Stats
NAV
10/04/2025		 GBX 714.34
Day Change 4.68%
Morningstar Category™ UK Small-Cap Equity
IA (formerly IMA) Sector UK Smaller Companies
ISIN GB00B8BS3324
Fund Size (Mil)
31/03/2025		 GBP 308.79
Share Class Size (Mil)
-		 -
Max Initial Charge -
Ongoing Charge
12/02/2025		  0.91%
Morningstar Research
Analyst Report28/10/2024
Henry Ince, Analyst
Morningstar, Inc

BlackRock UK Smaller Companies benefits from an experienced small-cap manager, supported by a capable team with a well-structured and consistently applied approach. These advantages earn both the People and Process Pillars an Above Average...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: BlackRock UK Smaller Companies Fund D Income
The aim of the Fund is to provide a return on investor's investment (generated through an increase in the value of the assets held by the Fund) (gross of fees) over the long term (5 or more consecutive years beginning at the point of investment) by investing in shares of smaller companies incorporated or listed in the UK. In seeking to achieve its investment objective, the Fund will invest at least 70% of its total assets in the equities (i.e. shares) and equity related investments (i.e. other investments whose value is related to equities) of smaller companies incorporated or listed in the UK which are considered in the opinion of the Investment Manager to have above-average growth prospects. Smaller companies are those whose market capitalisations (market capitalisation is the share price of the company multiplied by the number of shares issued) are similar to that of companies in the Numis Smaller Companies plus AiM ex-Investment Trusts Index at the time of the Fund’s investment.
Returns
Trailing Returns (GBP)10/04/2025
YTD-12.91
3 Years Annualised-9.02
5 Years Annualised2.40
10 Years Annualised4.64
12 Month Yield 2.20
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Roland Arnold
26/03/2015
Inception Date
10/10/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Deutsche Numis SC Pl AIM ExIvt Cm TR GBPMorningstar UK Small Cap TME NR GBP
Portfolio Profile for  BlackRock UK Smaller Companies Fund D Income28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.790.0099.79
Bond0.010.000.01
Property0.000.000.00
Cash0.200.000.20
Other0.000.000.00
Top 5 Regions%
United Kingdom98.03
Eurozone1.31
Africa0.66
United States0.00
Canada0.00
Top 5 Sectors%
Industrials20.26
Financial Services17.38
Consumer Cyclical12.87
Basic Materials12.20
Technology10.26
Top 5 HoldingsSector%
XPS Pensions Group PLCConsumer CyclicalConsumer Cyclical2.78
Breedon Group PLCBasic MaterialsBasic Materials2.77
IntegraFin Holdings PLCFinancial ServicesFinancial Services2.77
Hill & Smith PLCIndustrialsIndustrials2.75
Tatton Asset Management PLCFinancial ServicesFinancial Services2.45
Increase Decrease New since last portfolio
BlackRock UK Smaller Companies Fund D Income
Growth Of 1000 (GBP) 31/03/2025
Fund:  BlackRock UK Smaller Companies Fund D Income
Category:  UK Small-Cap Equity
Category Index:  Morningstar UK Small Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-12.2532.963.9126.09-27.871.082.60-9.34
+/- Category-0.287.71-3.383.24-3.841.32-3.03-2.24
+/- Category Index------5.82-2.07-5.68
% Rank in Category4521603071407982
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day4.68   6.010.64
1 Week-3.19   4.060.51
1 Month-6.56   2.96-0.60
3 Months-8.94   3.22-5.32
6 Months-14.66   0.13-4.82
YTD-12.91   1.13-4.86
1 Year-10.89   -0.09-7.08
3 Years Annualised-9.02   -1.06-5.73
5 Years Annualised2.40   -1.34-0.87
10 Years Annualised4.64   0.252.47
 
Category: UK Small-Cap Equity
Category Index: Morningstar UK Small Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-9.34---
2024-0.546.600.24-3.46
2023-4.56-0.91-0.347.25
2022-13.03-18.04-9.7712.14
20215.5512.674.751.22
2020-30.7318.561.3924.79
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAbove Average2 star
5-YearBelow AverageHigh2 star
10-YearAverageAbove Average3 star
Overall*AverageAbove Average3 star
 
Category :  UK Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev16.89 %
3-Yr Mean Return-6.64 %
 
3-Yr Sharpe Ratio-0.65
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Small Cap TME NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta0.920.92
3-Yr Alpha-6.98-6.98
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 744-
Market Capitalisation% of Equity
Giant0.00
Large0.00
Medium1.98
Small73.83
Micro24.19
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.051.15
Price/Book1.671.10
Price/Sales1.131.32
Price/Cash Flow7.881.10
Dividend-Yield Factor3.140.88
 
Long-Term Projected Earnings Growth5.680.62
Historical Earnings Growth36.0216.66
Sales Growth4.401.09
Cash-Flow Growth1.380.30
Book-Value Growth1.000.77
 
Category: UK Small-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.790.0099.79
Bond0.010.000.01
Property0.000.000.00
Cash0.200.000.20
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom98.031.02
Eurozone1.311.30
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.662.67
Middle East0.000.00
Japan0.00-
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Small-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials12.202.04
Consumer CyclicalConsumer Cyclical12.870.83
Financial ServicesFinancial Services17.381.04
Real EstateReal Estate7.661.94
Consumer DefensiveConsumer Defensive4.510.76
HealthcareHealthcare2.920.78
Communication ServicesCommunication Services8.871.10
EnergyEnergy3.071.12
IndustrialsIndustrials20.260.90
TechnologyTechnology10.260.74
 
Category: UK Small-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings95
Total Number of Bond Holdings0
Assets in Top 10 Holdings24.02
NameSectorCountry% of Assets
XPS Pensions Group PLC102United Kingdom2.78
Breedon Group PLC101United Kingdom2.77
IntegraFin Holdings PLC103United Kingdom2.77
Hill & Smith PLC310United Kingdom2.75
Tatton Asset Management PLC103United Kingdom2.45
Bloomsbury Publishing PLC308United Kingdom2.26
Alpha Group International PLC103United Kingdom2.23
Gamma Communications PLC308United Kingdom2.12
Boku Inc Ordinary Shares311United Kingdom1.96
Chemring Group PLC310United Kingdom1.93
 
Increase Decrease New since last portfolio
Category: UK Small-Cap Equity
 
Management
Name of CompanyBlackRock Fund Managers Limited
Phone020 7743 3000
Website -
Address12 Throgmorton Avenue
 London   EC2N 2DL
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date10/10/2012
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd.
Fund ManagerRoland Arnold
Manager Start Date26/03/2015
Education
1998, Leeds University, B.A.
 
Biography
Roland Arnold, Director and Portfolio Manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Alpha Strategies Group. Mr Arnold's primary responsibility is managing small and mid cap UK equity portfolios, with a sector emphasis on Technology. Mr Arnold's service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to joining MLIM in 2000, Mr Arnold worked at a UK retail bank as a performance and credit analyst. Mr Arnold earned a BA (Hones) in Economics and Management from Leeds University in 1998.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.91%
Purchase Details
Minimum Investments
Initial100000  GBP
Additional100  GBP
Savings-
Tax Free Savings Schemes
ISAsYes