020 7189 9999

Monday to Friday 7.45am - 6.00pm
Saturday 9.30am - 1.30pm

Bestinvest
Fund search

SLIM BLACKROCK UK INCOME ONE S4 PF - Fund overview

Bestinvest rating 5 stars


Overview of SLIM BLACKROCK UK INCOME ONE S4 PF

The fund's objective is to produce an above average and growing income and long term capital growth, primarily through investment in large and mid cap UK equities. The manager employs a 'barbell' approach, with a portion targeting companies producing high dividends and the remainder focused on capital growth. We do not advise holding this fund in conjunction with other BlackRock UK funds due to the high level of stock overlap.

Standard Initial Charge

No data available.

Fund summary

Sector  –
Product type  PENSION FUND
Launched  May, 2005
Size  £378m
Yield 0.0%
Charging basis  –
Dividends paid  –
Bid price 145.90p

Fund Charges

Standard Initial charge
Initial charge via Bestinvest
Additional bid/offer spread 0.00%
Annual management charge 1.40%
Total expense ratio 1.49%
Reduction in yield (10yr) 1.49%

Bestinvest says


The barbell strategy frees manager Nick McLeod-Clarke to buy companies not often found in income portfolios and reduces exposure to the predictable names found in many rival funds. He also prizes flexibility, something that enabled him to turn over large parts of the portfolio in 2008 and 2009 to exploit changing market conditions. Together these factors have led to strong outperformance over his career, whilst he has also delivered on the fund’s income objective. He benefits from the backing of a strong UK team at BlackRock, though investors should be wary of holding this fund in conjunction with their other UK funds due to stock overlaps.

Portfolio

slim blackrock uk income one s4 pf asset allocation illustration
Allocation Proportion
Equity 99%
High yield bonds 0%
Quality bonds 0%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 1%
slim blackrock uk income one s4 pf equity geographic illustration
Allocation Proportion
UK 99%
Europe 1%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
slim blackrock uk income one s4 pf equity capitalisation illustration
Allocation Proportion
Large Caps 67%
Mid Caps 30%
Small Caps 3%

Investment process


The portfolio is selected almost entirely from the FTSE 350 index. The manager employs a 'barbell' approach, splitting the portfolio into two contrasting types of company. One part is invested in companies producing a high dividend and is managed with a low turnover. Bonds may also be included in this part of the portfolio. The remainder of the fund targets fast growing companies and is managed on a more active basis. There is no yield requirement for this part of the portfolio, though overall the fund targets a yield 10% above that of the FTSE All Share.
70% of the portfolio is selected from the recommendations of BlackRock’s UK equity team. The team follow a 3-stage process, evaluating the business itself, the quality of its management and finally whether the shares are good value. The remaining 30% is at the discretion of the fund manager, who is able to feed off the ideas of other research teams within BlackRock, and also to choose companies whose shares are not liquid enough to be used by the wider UK team. The manager places great emphasis on flexibility, and has at times changed his portfolio rapidly to reflect a changing market outlook.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

Version: 4.1.2