BlackRock UK Equity D

Large portfolio of UK equities.

  • 2341.00p
    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.

  • 8415.00p
    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?

  • 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!

  • 0.75%
    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).

  • 0.93%
    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.

  • 1.10%
    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 30 July 2021

Fund summary

Sector UK All Companies
Structure OEIC
Launched July, 2011
Size £544m
Yield 1.10%
Charging basis Income
Dividends paid 31 Jan, 31 Aug

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.68%
Annual management charge 0.75%
Ongoing charges figure 0.93%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.39%
  • 17/18 0.21%
  • 18/19 0.16%
  • 19/20 0.51%
  • 20/21 0.02%

Bestinvest MRI

  • 3 years 0.23%
  • 5 years 0.26%
  • Career 0.11%
  • 3 years 89.10%
  • 5 years 97.90%
  • Career 95.90%

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

Cox/Young/Sattar/Mcpherson

This fund is constructed by four fund managers who each have an allocation as below; Ralph Cox, CFA, Managing Director and portfolio manager, is a member of BlackRock's UK Equity team. He is responsible for managing small and mid cap UK equity portfolios and joined what is now Blackrock, formerly Merrill Lynch in 1999 which is when his career began. Mr. Cox earned an MEng degree in engineering from Cambridge University in 1999. Simon Young, CFA, Director and portfolio manager, is also a member of BlackRock's UK Equity team. He is responsible for managing UK equity portfolios for institutional clients having been a sector analyst. Young Mercury Asset Management, which was bough by Merrill Lynch and is now therefore part of Blackrock, as a graduate in 1997. Mr. Young earned an MA degree in geography from Pembroke College, Cambridge in 1996. James Macpherson, Managing Director and portfolio manager, is head of BlackRock's UK Equity team. He is responsible for managing UK equity portfolios for retail and institutional clients. In addition, Macpherson is a member of BlackRock's Leadership Committee. Macpherson was a member of Merrill Lynch’s was a member of the UK Asset Allocation Group and led the UK equity team who he joined as a graduate in 1985. Macpherson earned a BA degree, with honours, in politics, philosophy and economics from Oxford University. Imran Sattar, CFA, Director and portfolio manager, is a member of the UK Sattar began his investment career with MLIM in 1997 Specialist Equity team. He is responsible for covering the general financial sector, having earn’t a BSc degree, with first class honours, in mathematics and economics from the University of Warwick in 1997.  

Track record

Cox/Young/Sattar/Mcpherson has 16.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.11%. During the worst period of relative performance (from January 2011 - May 2014) there was a decline of 10% relative to the index. The worst absolute loss has been 37%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 96%.

Periods of worst performance

Absolute -37.00% (October 2007 - February 2009)
Relative -10.00% (January 2011 - May 2014)

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 July 2020

7.3194% Astrazeneca Plc
6.4216% Rio Tinto
5.7547% Relx Plc
4.556% Reckitt Benckiser Group Plc
4.517% London Stock Exchange Group
3.9371% Ferguson Plc
3.8488% British American Tobacco
3.7815% Next
3.4308% Rightmove Plc
3.0701% Tesco
Source: Trustnet

Sector breakdown

Consumer Services 25.00%
Financials 17.00%
Industrials 16.00%
Consumer Goods 13.00%
Health Care 10.00%
Basic Materials 8.00%
Money Market 6.00%
Oil & Gas 4.00%
Technology 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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