BlackRock European Absolute Alpha Fund X GBP Acc

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Performance History31/10/2024
Growth of 1,000 (GBP) Advanced Graph
BlackRock European Absolute Alpha Fund X GBP Acc
Fund13.912.1-2.67.76.8
+/-Cat-----
+/-B’mrk8.312.410.61.74.0
 
Key Stats
NAV
06/11/2024
 GBP 1.46
Day Change 1.63%
Morningstar Category™ Equity Market Neutral GBP
IA (formerly IMA) Sector Targeted Absolute Return
ISIN GB00BFK3LQ65
Fund Size (Mil)
31/10/2024
 GBP 313.52
Share Class Size (Mil)
-
 -
Max Initial Charge -
Ongoing Charge
09/02/2024
  -
Investment Objective: BlackRock European Absolute Alpha Fund X GBP 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)06/11/2024
YTD8.69
3 Years Annualised5.14
5 Years Annualised7.95
10 Years Annualised-
12 Month Yield 2.34
Management
Manager Name
Start Date
Stefan Gries
01/07/2013
Stephanie Bothwell
26/02/2021
Inception Date
28/05/2019
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
3 month SONIA TR GBPMorningstar UK Cau Tgt Alloc NR 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 Fund X GBP Acc31/08/2024
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock64.4454.899.55
Bond0.500.000.50
Property0.000.000.00
Cash182.7592.8089.95
Other0.000.000.00
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
Eurozone53.20
Europe - ex Euro25.65
United Kingdom12.82
United States8.33
Canada0.00
Top 5 Sectors%
Industrials27.37
Financial Services16.07
Basic Materials15.12
Technology14.88
Healthcare13.51
Top 5 HoldingsSector%
BlackRock ICS Stlg LiqEnvtlyAwr ... 7.58
Novo Nordisk AS Class BHealthcareHealthcare4.48
Linde PLCBasic MaterialsBasic Materials3.50
RELX PLCIndustrialsIndustrials3.20
London Stock Exchange Group PLCFinancial ServicesFinancial Services3.19
BlackRock European Absolute Alpha Fund X GBP Acc

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