BlackRock Dynamic Diversified Growth D

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

  • 122.90p
    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.

  • 145.10p
    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?

  • 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!

  • 0.65%
    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).

  • 0.77%
    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.

  • 1.20%
    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…

Prices as at 26 May 2020

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 £1,872m
Yield 1.20%
Charging basis Income
Dividends paid 30 Apr

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.57%
Annual management charge 0.65%
Ongoing charges figure 0.77%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.02%
  • 16/17 0.31%
  • 17/18 0.47%
  • 18/19 0.23%
  • 19/20 -0.45%

Bestinvest MRI

  • 3 years 0.08%
  • 5 years 0.11%
  • Career 0.05%
  • 3 years 50.00%
  • 5 years 50.00%
  • Career 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.

Allocation

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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

Key Investor Information - Income

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Key Investor Information - Accumulation

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