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Fund name
Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
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What proportion of your ISA is made up of direct stock positions?

0 to 5 per cent
5 to 10 per cent
10 to 20 per cent
More than 20 per cent



Contact details

12 Throgmorton Avenue, London, EC2N 2DL
020 7743 1000 (Fax Number)
020 7743 3000 (Main Number)

Fund managers

* Nick Osborne17-Jan-2008 to Present
* Nigel Ridge»28-Mar-2013 to Present
Mark Lyttleton»29-Apr-2005 to 27-Mar-2013
Nick Osborne»29-Apr-2005 to 16-Jan-2008

Investment objectives

BlackRock UK Absolute Alpha Fund seeks to achieve a positive absolute return for investors and, as such, the Fund will not be managed against any UK equity index. The Fund will seek to achieve this investment objective by taking long positions and using derivatives to take synthetic long and synthetic short investment positions. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund’s capital is at risk. The Fund primarily aims to gain investment exposure to equities and equity-related securities of, or giving exposure to, companies incorporated or listed in the UK. In order to gain this exposure, the Fund invests primarily in derivatives, equities and equity-related securities and, when determined appropriate, cash and near cash. The Fund may also invest in other transferable securities, permitted moneymarket instruments, permitted deposits and units in collective investment schemes.

Key Information

Fund vs sector

  1y 3y
Position 24 / 67 55 / 56
Quartile 2 4

Fund ratings

SilverS&P Rating
FE Crown Rating: 1 FE Crown Rating


  1y 3y
Volatility 5.83 4.61
Alpha -1.80 -3.67
Beta 1.53 0.99
Sharpe 0.06 0.00
Info Ratio 0.01 -0.94
R2 0.22 0.25
Quartiles:   1  2  3  4   help with ratios
vs. IMA Targeted Absolute Return»
performance chart
ACC +3.5-3.3-0.5-2.5-4.2+3.0-0.1
  IMA TARGETED ABSOLUTE RETURN   +3.0+8.5+19.8+6.3-0.9+5.4+4.7
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf BLACKROCK UK ABSOLUTE ALPHA D ACC ACC 124.70 (p) 125.30 (p) 24-Jul-2014 n/a 0.92% FMP0 B5ZNQ99
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf BLACKROCK UK ABSOLUTE ALPHA P ACC ACC 120.30 (p) 126.80 (p) 24-Jul-2014 n/a 1.67% KX87 B11V7T6
pdf BLACKROCK UK ABSOLUTE ALPHA A ACC ACC 138.40 (p) 145.90 (p) 24-Jul-2014 n/a 1.92% VN11 B06L9G5
pdf BLACKROCK UK ABSOLUTE ALPHA A INC INC 132.10 (p) 139.30 (p) 24-Jul-2014 n/a 1.92% VN98 B06L686

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£221.3m / $377.2m (24-Jul-14)
Savings plan Fund has Savings Plan Minimum: £ 250.0 Monthly Launch29-Apr-2005
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 08:30 to 17:30
Minimum initialn/a
Minimum additionaln/a
Initial charge5.00%
Annual management charge1.75%
Note to chargesn/a
Trustee / DepositaryThe Royal Bank of Scotland Plc
RegistrarBlackRock Fund Managers Limited
Dividend policyMar 01 (Final), Sep 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed IMA Targeted Absolute Return
Largest holdings, 30-Jun-2014
Holding (%) Rank Fund factsheet Equity factsheet
ESSENTRA PLC 4.30 2 - -
SHIRE PLC 4.00 4 - *
3I GROUP PLC 3.30 7 - -
WOLSELEY PLC 3.30 8 - *
Regional weightings, 30-Jun-2014
UK100.001 100.00% UK
Sector weightings, 30-Jun-2014
Financials22.701 22.70% Financials
Consumer Services6.202 6.20% Consumer Services
Industrials5.603 5.60% Industrials
Health Care4.204 4.20% Health Care
Oil & Gas0.205 0.20% Oil & Gas
Basic Materials-0.106 -0.10% Basic Materials
Technology-1.207 -1.20% Technology
Telecommunications-1.808 -1.80% Telecommunications
Utilities-2.109 -2.10% Utilities
Consumer Goods-4.9010 -4.90% Consumer Goods
Index-5.6011 -5.60% Index

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Investment options

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life See BlackRock UK Absolute Alpha fund as a life fund
pension See BlackRock UK Absolute Alpha fund as a pension fund


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Asset allocation (estimated from fund's sector average)

Alternative Investment Strategies, 100.00%
100.0000% ofAlternative Investment Strategies

FE Adviser Fund Index

Sector analysis


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