Morningstar Fund Report  | 03/04/2025Print

BlackRock UK Special Situations Fund Class S GBP Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BlackRock UK Special Situations Fund Class S GBP Accumulation
Fund20.8-16.95.34.2-3.2
+/-Cat4.5-5.2-2.7-3.7-2.6
+/-B’mrk---2.3-5.6-8.4
 
Category: UK Flex-Cap Equity
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
02/04/2025		 GBX 153.56
Day Change -0.82%
Morningstar Category™ UK Flex-Cap Equity
IA (formerly IMA) Sector UK All Companies
ISIN GB00BW1YM751
Fund Size (Mil)
31/03/2025		 GBP 335.41
Share Class Size (Mil)
-		 -
Max Initial Charge 5.00%
Ongoing Charge
12/02/2025		  0.83%
Morningstar Research
Analyst Report28/10/2024
Henry Ince, Analyst
Morningstar, Inc

BlackRock UK Special Situations is led by an experienced manager, supported by a team of seasoned managers, and it benefits from a thorough and structured approach. Our conviction in the manager’s ability and investment approach results in the...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: BlackRock UK Special Situations Fund Class S GBP Accumulation
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 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 companies incorporated or listed in the UK and will aim to invest at least 50% of its total assets in small or medium sized companies. Small and medium sized companies are companies which are not constituents of the FTSE 100 Index at the time of the Fund’s investment.
Returns
Trailing Returns (GBP)02/04/2025
YTD-3.15
3 Years Annualised-0.93
5 Years Annualised7.35
10 Years Annualised4.64
12 Month Yield 2.48
Management
Manager Name
Start Date
Roland Arnold
01/08/2012
Inception Date
20/03/2015

Category Benchmark
Fund BenchmarkMorningstar Benchmark
50% FTSE 100 NR GBP ,  50% Deutsche Numis SC Pl AIM ExIvt Cm TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  BlackRock UK Special Situations Fund Class S GBP Accumulation28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.020.0099.02
Bond0.040.000.04
Property0.000.000.00
Cash0.940.000.94
Other0.000.000.00
Top 5 Regions%
United Kingdom98.63
Eurozone1.37
United States0.00
Canada0.00
Latin America0.00
Top 5 Sectors%
Industrials20.45
Financial Services20.24
Consumer Cyclical15.86
Basic Materials8.45
Communication Services7.41
Top 5 HoldingsSector%
AstraZeneca PLCHealthcareHealthcare4.19
Shell PLCEnergyEnergy3.60
London Stock Exchange Group PLCFinancial ServicesFinancial Services3.15
IntegraFin Holdings PLCFinancial ServicesFinancial Services2.69
RELX PLCIndustrialsIndustrials2.68
Increase Decrease New since last portfolio
BlackRock UK Special Situations Fund Class S GBP Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  BlackRock UK Special Situations Fund Class S GBP Accumulation
Category:  UK Flex-Cap Equity
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-12.0332.56-7.2220.85-16.905.304.18-3.23
+/- Category0.158.82-2.204.51-5.21-2.70-3.67-2.63
+/- Category Index------2.32-5.64-8.39
% Rank in Category489611972727983
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.82   -1.71-0.57
1 Week-2.47   -1.02-1.64
1 Month-4.08   -1.08-2.35
3 Months-2.98   -3.29-7.54
6 Months-6.24   -6.05-11.23
YTD-3.15   -3.45-8.70
1 Year-0.70   -6.28-13.08
3 Years Annualised-0.93   -4.85-8.49
5 Years Annualised7.35   -3.56-5.49
10 Years Annualised4.64   -0.28-1.36
 
Category: UK Flex-Cap Equity
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.23---
20241.533.962.53-3.73
20231.320.260.113.55
2022-9.15-13.35-4.5610.61
20215.708.813.141.87
2020-29.1413.83-2.4017.85
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAverage2 star
5-YearBelow AverageAverage2 star
10-Year--Not Rated
OverallBelow AverageAverage2 star
 
Category :  UK Flex-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.65 %
3-Yr Mean Return-0.06 %
 
3-Yr Sharpe Ratio-0.30
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta1.090.74
3-Yr Alpha-8.320.44
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 7546-
Market Capitalisation% of Equity
Giant23.01
Large17.13
Medium22.11
Small34.26
Micro3.48
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.141.17
Price/Book1.751.05
Price/Sales1.301.35
Price/Cash Flow9.541.17
Dividend-Yield Factor3.210.91
 
Long-Term Projected Earnings Growth9.270.99
Historical Earnings Growth0.51-2.19
Sales Growth5.771.29
Cash-Flow Growth3.272.36
Book-Value Growth3.981.33
 
Category: UK Flex-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.020.0099.02
Bond0.040.000.04
Property0.000.000.00
Cash0.940.000.94
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom98.631.06
Eurozone1.370.49
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Flex-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials8.451.72
Consumer CyclicalConsumer Cyclical15.861.21
Financial ServicesFinancial Services20.240.87
Real EstateReal Estate6.062.52
Consumer DefensiveConsumer Defensive5.780.52
HealthcareHealthcare4.730.58
UtilitiesUtilities1.760.57
Communication ServicesCommunication Services7.411.47
EnergyEnergy5.820.87
IndustrialsIndustrials20.451.17
TechnologyTechnology3.440.74
 
Category: UK Flex-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings73
Total Number of Bond Holdings0
Assets in Top 10 Holdings29.21
NameSectorCountry% of Assets
AstraZeneca PLC206United Kingdom4.19
Shell PLC309United Kingdom3.60
London Stock Exchange Group PLC103United Kingdom3.15
IntegraFin Holdings PLC103United Kingdom2.69
RELX PLC310United Kingdom2.68
Experian PLC310United Kingdom2.66
Rotork PLC310United Kingdom2.64
Compass Group PLC102United Kingdom2.58
Unilever PLC205United Kingdom2.51
Breedon Group PLC101United Kingdom2.51
 
Increase Decrease New since last portfolio
Category: UK Flex-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 Date20/03/2015
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd.
Fund ManagerRoland Arnold
Manager Start Date01/08/2012
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 Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.67%
Ongoing Charge0.83%
Purchase Details
Minimum Investments
Initial50000000  GBP
Additional100  GBP
Savings-
Tax Free Savings Schemes
ISAsYes