BlackRock UK A

UK equity fund targeting total return, investing across the capitalisation spectrum.

  • 420.70p
    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.

  • 606.10p
    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?

  • 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).

  • 1.67%
    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 13 December 2019, fund data last updated 06 December 2004

The Fund's objective is to maximise total return. The Fund invests primarily in the equity securities (e.g. shares) of larger companies incorporated or listed on a stock exchange in the UK.

Fund summary

Sector UK All Companies
Structure UNIT TRUST
Launched November, 1993
Size £507m
Yield 1.20%
Charging basis Income
Dividends paid 12 Feb, 12 Aug

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.51%
Annual management charge 1.50%
Ongoing charges figure 1.67%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.76%
  • 15/16 -0.31%
  • 16/17 0.18%
  • 17/18 0.56%
  • 18/19 -0.04%

Bestinvest MRI

  • 3 years 0.23%
  • 5 years 0.23%
  • Career 0.11%
  • 3 years 84.60%
  • 5 years 90.80%
  • Career 86.70%

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

Nick Little

Nick Little, CFA, Director and portfolio manager, is a member of the UK Specialist Equity team within BlackRock’s Fundamental Equity Portfolio Management Group. He covers the mining and industrials sectors. Little's service with the firm dates back to 2001. He earned an MA degree, with first class honours, in economics from Pembroke College, Cambridge in 2001.

Track record

Nick Little has 7.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.11%. During the worst period of relative performance (from December 2015 - October 2016) there was a decline of 9% 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 87%.

Periods of worst performance

Absolute -17.00% (July 2018 - December 2018)
Relative -9.00% (December 2015 - October 2016)

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 August 2019

5.9996% Relx Plc
5.2536% Astrazeneca Plc
5.0329% Unilever
4.737% Diageo
4.3879% London Stock Exchange Group
3.8566% Smith & Nephew
3.578% Ssp Group Plc
3.5412% Rio Tinto
3.3791% Royal Dutch Shell
3.2751% Next
Source: Trustnet

Sector breakdown

Consumer Services 29.00%
Financials 16.00%
Consumer Goods 15.00%
Technology 11.00%
Health Care 9.00%
Industrials 8.00%
Basic Materials 5.00%
Oil & Gas 5.00%
Money Market 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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