Hargreaves Lansdown

BlackRock Gold & General Class D - Accumulation (GBP)

Sell: 688.40pBuy: 695.60p17.20p (2.49%)

Prices as at 19 December 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.
Also available as income units Help

Charges and Savings

Fund manager's initial charge: 0.00%
HL saving on initial charge: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 1.00%
HL saving on annual charge (loyalty bonus): 0.00%
Net annual charge: 1.00%
 
Fund manager's other expenses: 0.17%
Performance fee: No  

Please read the Simplified Prospectus/Key Investor Information Document (KIID) in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Unbundled
Manager: Evy Hambro
Fund launch date: 7 April 1988
Sector: Specialist
Fund size: £888 million
Number of holdings: 72
Fund type: Unit Trust
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: BNY Mellon Trust & Depositary (UK) Ltd
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Performance

20/12/09 to 20/12/10 20/12/10 to 20/12/11 20/12/11 to 20/12/12 20/12/12 to 20/12/13 20/12/13 to 20/12/14
Annual return 39.93% -14.35% -10.99% -48.56% 3.25%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

A specialist fund that invests predominantly in large and medium-sized gold mining companies. It is managed by an experienced and well-resourced team, but due to its focus on a single, specialist sector performance has been, and is likely to remain, volatile. The fund could appeal to more adventurous investors who share the manager's belief that gold mining companies could capitalise on a higher gold price as the metal is increasingly viewed as a store of wealth. This is a niche investment that should only account for a relatively small portion of a well-diversified portfolio....

Read more HL research on this fund

Fund Objective

BlackRock Gold and General Fund seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. The Fund may also invest in other transferable securities and units in collective investment schemes. Derivatives may also be used for the purposes of efficient portfolio management.

Income Details

Historic yield : 0.08%
Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 1 March 2015
Payment date: 30 April 20154

All yields are variable and not guaranteed. Information correct as at 30 September 2014.

Security Weight
Franco-Nevada 10.14%
Randgold Resources Ltd. ADS 7.75%
Eldorado Gold Corp. 6.59%
Goldcorp 6.52%
Fresnillo 4.89%
Newcrest Mining 4.84%
Royal Gold 4.66%
Industrias Penoles S.A. de C.V. 2.55%
Polyus Gold International 2.46%
Polymetal International 2.44%
Sector Weight
Mining 71.10%
Financial Services 10.14%
Commodities 5.69%
Industrial Metals & Mining 5.11%
Non-Classified 2.18%
Equity Investment Instruments 2.01%
Chemicals 1.78%
Cash and Equiv. 1.70%
Bonds 0.30%
Alternative Trading Strategies 0.00%
Country Weight
Canada 41.19%
United Kingdom 25.45%
Australia 7.21%
United States 6.04%
Commodities 5.69%
South Africa 2.72%
Mexico 2.55%
Non-Classified 2.52%
Peru 1.95%
Cash and Equiv. 1.70%

Fund Manager

Photo of Evy Hambro

Key facts

Evy Hambro
Manager start date 01/04/2009
Manager located in London

Biography

Evy Hambro , Managing Director, is the joint Chief Investment Officer of BlackRock's Natural Resources Equity team. He is responsible for the management of BGF World Mining, BGF World Gold, BlackRock Gold and General Fund and BlackRock World Mining Trust. He is also co-manager of BlackRock's Natural Resources Hedge Fund and manger of a number of segregated portfolios. Mr. Hambro's service with the firm dates back to 1994, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr. Hambro earned a BSc degree, with honours, in marketing, from Newcastle University in 1994.

You can buy or sell holdings in this fund through a ISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Prices as at 19 December 2014. Data as at 30 November 2014.

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As investment returns depend on two factors - performance and charges - we have identified from the Wealth 150, the funds we believe offer the very best combination of outstanding performance potential and the best prices. These are the Wealth150+ funds. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

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