Morningstar Fund Report  | 05/04/2025Print

BlackRock UK Income Fund Class A Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BlackRock UK Income Fund Class A Acc
Fund11.61.510.05.31.7
+/-Cat-6.34.93.2-2.80.8
+/-B’mrk--2.4-4.5-3.5
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
04/04/2025		 GBX 2057.47
Day Change -3.83%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB0005804942
Fund Size (Mil)
31/03/2025		 GBP 582.41
Share Class Size (Mil)
-		 -
Max Initial Charge 5.00%
Ongoing Charge
10/02/2025		  1.56%
Investment Objective: BlackRock UK Income Fund Class A Acc
The aim of the Fund is to provide a return on investor's investment (generated through an income received from Fund assets) (gross of fees) with an above-average and growing income compared to the income produced by UK equity markets (as defined by the FTSE All Share Index) without sacrificing the benefits of capital growth (i.e. the value of the assets held by the Fund) over the long term (5 or more consecutive years beginning at the point of investment). 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.
Returns
Trailing Returns (GBP)04/04/2025
YTD-3.12
3 Years Annualised3.85
5 Years Annualised10.11
10 Years Annualised4.40
12 Month Yield 3.73
Management
Manager Name
Start Date
Adam Avigdori
16/11/2009
David Goldman
01/07/2015
Inception Date
16/03/1984

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  BlackRock UK Income Fund Class A Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock93.170.0093.17
Bond0.260.000.26
Property0.000.000.00
Cash3.080.832.25
Other4.570.244.32
Top 5 Regions%
United Kingdom96.20
United States3.80
Canada0.00
Latin America0.00
Eurozone0.00
Top 5 Sectors%
Financial Services28.13
Industrials13.78
Consumer Cyclical11.37
Consumer Defensive11.31
Healthcare8.06
Top 5 HoldingsSector%
AstraZeneca PLCHealthcareHealthcare6.53
RELX PLCIndustrialsIndustrials5.70
HSBC Holdings PLCFinancial ServicesFinancial Services5.08
Shell PLCEnergyEnergy4.72
3i Group Ord4.29
Increase Decrease New since last portfolio
BlackRock UK Income Fund Class A Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  BlackRock UK Income Fund Class A Acc
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-10.8419.08-4.9911.551.5010.005.321.67
+/- Category-0.280.137.57-6.264.943.24-2.760.81
+/- Category Index-----2.38-4.50-3.49
% Rank in Category525999829197556
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.83   -3.24-2.32
1 Week-6.38   -4.51-4.18
1 Month-7.70   -4.22-3.85
3 Months-3.64   -3.12-7.07
6 Months-3.99   -2.97-7.49
YTD-3.12   -3.09-7.07
1 Year1.31   -4.82-9.36
3 Years Annualised3.85   -0.49-3.17
5 Years Annualised10.11   -1.23-2.77
10 Years Annualised4.40   -0.13-1.44
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.67---
20240.843.692.40-1.64
20233.540.292.103.75
20221.67-5.28-3.319.01
20212.724.271.272.85
2020-22.1212.58-2.0110.59
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAverageBelow Average4 star
10-YearAverageBelow Average4 star
OverallAverageBelow Average4 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.08 %
3-Yr Mean Return6.18 %
 
3-Yr Sharpe Ratio0.18
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta0.940.96
3-Yr Alpha-1.69-1.45
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 26870-
Market Capitalisation% of Equity
Giant44.51
Large18.71
Medium26.02
Small10.45
Micro0.31
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.601.17
Price/Book1.811.12
Price/Sales1.331.71
Price/Cash Flow9.921.35
Dividend-Yield Factor3.600.81
 
Long-Term Projected Earnings Growth9.441.05
Historical Earnings Growth0.75-0.16
Sales Growth7.221.42
Cash-Flow Growth2.503.12
Book-Value Growth2.061.10
 
Category: UK Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock93.170.0093.17
Bond0.260.000.26
Property0.000.000.00
Cash3.080.832.25
Other4.570.244.32
World Regions28/02/2025
 % of EquityRelative to Category
United States3.801.48
Canada0.000.00
Latin America0.000.00
United Kingdom96.201.05
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials6.301.04
Consumer CyclicalConsumer Cyclical11.371.16
Financial ServicesFinancial Services28.131.12
Real EstateReal Estate6.141.76
Consumer DefensiveConsumer Defensive11.310.85
HealthcareHealthcare8.060.95
UtilitiesUtilities2.150.46
Communication ServicesCommunication Services3.750.61
EnergyEnergy7.731.06
IndustrialsIndustrials13.781.03
TechnologyTechnology1.280.54
 
Category: UK Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings42
Total Number of Bond Holdings0
Assets in Top 10 Holdings44.16
NameSectorCountry% of Assets
AstraZeneca PLC206United Kingdom6.53
RELX PLC310United Kingdom5.70
HSBC Holdings PLC103United Kingdom5.08
Shell PLC309United Kingdom4.72
3i Group OrdUnited Kingdom4.29
Rio Tinto PLC Registered Shares101United Kingdom4.23
Standard Chartered PLC103United Kingdom3.55
Pearson PLC308United Kingdom3.49
London Stock Exchange Group PLC103United Kingdom3.29
Lloyds Banking Group PLC103United Kingdom3.27
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
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 Date16/03/1984
Fund Advisor(s)
BlackRock Investment Management (UK) Ltd.
Fund ManagerAdam Avigdori
Manager Start Date16/11/2009
Career Start Year2001
Education
2001, University of Manchester Institute of Science and Technology, B.Sc
 
Biography
Adam Avigdori, Managing Director, and portfolio manager is Deputy Head of BlackRock's UK Equity Team within BlackRock's Fundamental Equities. He has been a portfolio manager since 2005, originally running private unit trusts. Mr. Avigdori was appointed co-manager of the Blackrock UK Income strategies in 2009 and the UK Charities strategies in 2015. Mr. Avigdori additionally represents EMEA on the Fundamental Equities Sustainable Steering Committee and is a member of the EMEA Talent Committee. Mr Avigdori's service with the firm dates back to 2001, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr Avigdori earned a BSc (Hons) in Management Sciences from UMIST (University of Manchester Institute of Science and Technology) in 2001.
Fund ManagerDavid Goldman
Manager Start Date01/07/2015
Education
2004, Bristol University, B.Sc
 
Biography
David Goldman, CFA, Director and portfolio manager, is a member of BlackRock's UK Equity Team within BlackRock's Fundamental Equities. Mr Goldman is responsible for the UK Income and Charity portfolios. Mr. Goldman's service with the firm dates back to 2004, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Goldman held a variety of positions on both the UK equity team and in the fixed income division. Mr. Goldman began his investment career with MLIM in 2004 as a member of the investment training program. Mr. Goldman earned a BSc degree, with first class honours, in economics from Bristol University in 2004.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.56%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes