BLACKROCK DYNAMIC DIVERSIFIED GROWTH D

A fund of funds targeting capital growth and income over the medium term.

  • 125.20p Price (Inc)
  • 146.20p Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.65% Annual management charge
  • 0.77% Ongoing charges
  • 1.20% Yield

Fund data last updated 15 November 2019

The fund aims to achieve a return of both capital growth and income over the medium term which exceeds the Bank of England’s Base Interest Rate. The fund invests on a global basis, principally in bonds and equity securities, with the balance of the fund in alternative assets and cash.

Fund summary

Sector Specialist
Structure UNIT TRUST
Launched November, 2012
Size £2,270m
Yield 1.20%
Charging basis Income
Dividends paid 30 Apr

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.24%
Annual management charge 0.65%
Ongoing charges figure 0.77%

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Investment process

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
-0.02% 0.31% 0.47% 0.23% -0.45% 0.08% 0.11% 0.05% 50.00% 50.00% 81.60%

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

Adam Ryan

Ryan is a Director and portfolio manager and a member of BlackRock's Strategic Investment Group. He joined BlackRock following the merger with Merrill Lynch Investment Managers (MLIM) in 2006. At MLIM, he was head of the fixed income and absolute return team for the private client business. He was responsible for the team's fixed income investment policy, representing the asset class at the Investment Policy Committee, and the use of alternative investments within private client portfolios. He joined MLIM in 1999. Ryan earned a BA degree, with honours, in engineering from Cambridge University in 1991.

Track record

Adam Ryan has 9.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.05%. During the worst period of relative performance (from October 2007 - February 2009) there was a decline of 23% relative to the index. The worst absolute loss has been 17%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 82%.

Periods of worst performance

Absolute -17.00% (May 2008 - February 2009)
Relative -23.00% (October 2007 - February 2009)

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.

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Top 10 holdings

Data accurate as at 31 March 2016

17.38% Blackrock Global Investment Grade Credit Portfolio
4.95% Blackrock Uk Equity Portfolio
4.58% Treasury (Cpi) Note 0.375 07/15/2025
4.49% Aust 10yr Bond Jun 16 06/15/2016
4.34% Multi Asset Strategies - Equity Basket 2 Paper Total Return Swap
3.37% Multi Asset Strategies - Equity Basket 1 Paper Total Return Swap
3.29% Blackrock Global Equity Income Portfolio
3.07% Source Physical Markets
2.55% Chinese Equity Basket
2.05% Ml Vortex Alpha Index Total Return Swap
Source: Trustnet

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