BlackRock European Absolute Alpha P Acc

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Performance History31/01/2024
Growth of 1,000 (GBP) Advanced Graph
BlackRock European Absolute Alpha P Acc
Fund9.37.9-3.46.12.4
+/-Cat-----
+/-B’mrk-----
 
Key Stats
NAV
23/02/2024
 GBX 173.61
Day Change 0.44%
Morningstar Category™ Equity Market Neutral Other
IA (formerly IMA) Sector Targeted Absolute Return
ISIN GB00B4Y62T40
Fund Size (Mil)
31/01/2024
 GBP 357.71
Share Class Size (Mil)
-
 -
Max Initial Charge 5.00%
Ongoing Charge
09/02/2024
  1.64%
Morningstar Research
Analyst Report14/11/2023
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
People24
Parent24
Process24
Performance
Price
Investment Objective: BlackRock European Absolute Alpha P 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
Trailing Returns (GBP)23/02/2024
YTD6.28
3 Years Annualised6.16
5 Years Annualised5.60
10 Years Annualised3.70
12 Month Yield 0.00
Management
Manager Name
Start Date
Stefan Gries
01/07/2013
Stephanie Bothwell
26/02/2021
Inception Date
31/03/2009
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
3 month SONIA TR GBP-
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeYes
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  BlackRock European Absolute Alpha P Acc31/01/2024
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock65.1952.7412.45
Bond0.650.000.65
Property0.000.000.00
Cash91.654.7586.90
Other0.000.000.00
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
Eurozone51.02
Europe - ex Euro25.30
United Kingdom15.55
United States8.13
Canada0.00
Top 5 Sectors%
Industrials26.83
Basic Materials18.02
Technology17.51
Financial Services17.09
Healthcare16.48
Top 5 HoldingsSector%
BlackRock ICS Stlg LiqEnvtlyAwr ... 9.28
Novo Nordisk A/S Class BHealthcareHealthcare4.95
RELX PLCIndustrialsIndustrials4.09
Linde PLCBasic MaterialsBasic Materials3.27
Compagnie de Saint-Gobain SAIndustrialsIndustrials2.42
BlackRock European Absolute Alpha P Acc

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In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)
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