BlackRock European Absolute Alpha P Acc

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Performance History31/07/2022
Growth of 1,000 (GBP) Advanced Graph
BlackRock European Absolute Alpha P Acc
Fund4.12.39.37.9-2.3
+/-Cat-----
+/-B’mrk-----
 
Key Stats
NAV
16/08/2022
 GBX 153.90
Day Change -0.42%
Morningstar Category™ Equity Market Neutral Other
IA (formerly IMA) Sector Targeted Absolute Return
ISIN GB00B4Y62T40
Fund Size (Mil)
29/07/2022
 GBP 498.49
Share Class Size (Mil)
-
 -
Max Initial Charge 5.00%
Ongoing Charge
28/02/2022
  1.67%
Morningstar Research
Analyst Report

BlackRock European Absolute Alpha’s changes at the helm continue to limit our conviction, but there are things to like here. With its Average People and Process ratings, it earns a Morningstar Analyst Rating of Neutral across most share classes....

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleAverage
ParentAbove Average
ProcessAverage
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)16/08/2022
YTD-3.39
3 Years Annualised3.80
5 Years Annualised4.06
10 Years Annualised3.20
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 Acc31/07/2022
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock47.6447.180.46
Bond0.750.000.75
Property0.000.000.00
Cash103.875.0898.78
Other0.000.000.00
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
Eurozone36.28
Europe - ex Euro36.07
United Kingdom27.65
United States0.00
Canada0.00
Top 5 Sectors%
Healthcare25.08
Basic Materials22.30
Industrials12.94
Consumer Defensive12.49
Financial Services9.99
Top 5 HoldingsSector%
BlackRock ICS Stlg LiqEnvtlyAwr ... 8.11
DSV ASIndustrialsIndustrials2.74
Novo Nordisk A/S Class BHealthcareHealthcare2.69
Lonza Group LtdHealthcareHealthcare2.66
Royal UNIBREW A/SConsumer DefensiveConsumer Defensive2.48
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)