BlackRock US Opportunities A

Targets long term capital growth, primarily from small and mid cap stocks.

  • 1097.00p Price (Inc)
  • 1116.00p Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.68% Ongoing charges
  • 0.30% Yield

Prices as at 06 December 2019

This fund targets long term capital growth from a portfolio of small and mid cap US equities. Though the fund sits in the IA North America sector, the lack of large companies means performance is not directly comparable with the peer group the and investors should expect greater volatility of returns.

Fund summary

Sector North America
Structure UNIT TRUST
Launched May, 1987
Size £81m
Yield 0.30%
Charging basis Income
Dividends paid 10 Dec

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.10%
Annual management charge 1.50%
Ongoing charges figure 1.68%

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Investment process

The aim of the fund is to achieve long-term capital growth for investors. The fund invests primarily in shares of medium and smaller companies incorporated or listed in the United States. The fund may also invest in collective investment schemes.

Manager research

Average monthly relative returns

  • 14/15 -0.04%
  • 15/16 -0.14%
  • 16/17 -0.22%
  • 17/18 -0.73%
  • 18/19 0.13%

Bestinvest MRI

  • 3 years -0.27%
  • 5 years -0.20%
  • Career -0.21%
  • 3 years 20.90%
  • 5 years 25.50%
  • Career 22.70%

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

Thomas Callan / Ian Jamieson

Callan earned an Economics degree, graduating in 1981 from Boston College. He began as a personal trust portfolio manager for PNC Bank. Callan progressed to the position of health care analyst, later serving as an equity analyst. He joined the Global Opportunities team at Blackrock in 1996.

Track record

Thomas Callan / Ian Jamieson has 5.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.21%. During the worst period of relative performance (from June 2015 - May 2018) there was a decline of 15% relative to the index. The worst absolute loss has been 13%.

Periods of worst performance

Absolute -13.00% (May 2015 - September 2015)
Relative -15.00% (June 2015 - May 2018)

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 August 2019

3.0572% Firstenergy Corp
2.4075% Marathon Oil Corp Ord
2.3394% Koninklijke Philips Nv
2.2911% Axa Equitable Hldgs Inc
2.2825% American International Group Inc
1.9935% Regions Financial Corp (New)
1.9681% Gallagher (Arthur J) & Co
1.8594% Williams Companies Inc
1.7705% Fidelity National Info Services Inc
1.77% Dollar General Corp
Source: Trustnet

Sector breakdown

Financials 26.00%
Information Technology 12.00%
Health Care 11.00%
Industrials 10.00%
Consumer Discretionary 9.00%
Energy 7.00%
Utilities 6.00%
Materials 5.00%
Money Market 4.00%
Consumer Staples 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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