BlackRock Active Managed Portfolio A

Invests predominantly in equities, mostly in the UK with some overseas exposure.

  • 0.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 0.00p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.88%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Fund summary

Sector Flexible Investment
Structure X-UNIT TRUST
Launched January, 1998
Size £11m
Yield 0.00%
Charging basis Income
Dividends paid 31 May, 30 Nov

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.88%

Allocation

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Investment process

The fund's objective is to achieve long-term capital growth. Investment may be made in a global portfolio of equities, as well as fixed income securities, collective investment schemes, cash in sterling or other currencies and money market instruments. Investment may be made in any and all economic sectors, although under normal market conditions there will be an emphasis on the UK.

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 -0.38%
  • 18/19 0.06%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.27%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 25.50%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Andrew Warwick

Track record

Andrew Warwick has 2.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.27%. During the worst period of relative performance (from March 2011 - July 2013) there was a decline of 13% relative to the index. The worst absolute loss has been 16%.

Periods of worst performance

Absolute -16.00% (April 2011 - September 2011)
Relative -13.00% (March 2011 - July 2013)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 December 2013

18.5% Blackrock Uk Smaller Companies A Acc
16.8% Blackrock Uk Special Situations A Acc
10.8% Blackrock Mid Cap Uk Equity Tracker A Acc
10.1% Blackrock Uk Equity Tracker L
7.9% S&p 500 Futures
3.2% E-mini Consumer Discretionary Futures
2.7% Global Brands Equity Index Total Return Swap
2.5% Euro Stoxx 50 Futures
2.3% Nasdaq 100 Futures
2.2% Blackrock Global Funds Asean Leaders A2 Usd
Source: Trustnet

Sector breakdown

Financials 21.00%
Consumer Goods 17.00%
Oil & Gas 15.00%
Consumer Services 14.00%
Industrials 9.00%
Health Care 7.00%
Basic Materials 6.00%
Telecommunications 4.00%
Others 4.00%
Utilities 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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