BlackRock UK Income Accumulation Units
Also available as
income units
Charges and savings
| Fund manager's initial charge | 5.00% |
|---|---|
| HL saving on initial charge | 5.00% |
| HL Dealing charge | Free |
| Net initial charge | 0.00% |
| Fund manager's annual charge | 1.50% |
| HL Annual saving (loyalty bonus) | 0.25% 2 |
| Net Annual charge | 1.25% |
| Fund manager's other expenses | 0.17% |
| Performance fee | No |
| HL Platform charge | Free |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above. Further details available in the HL guide to fund prices, savings and yields.
Other information
| Launch date | 16-03-1984 |
|---|---|
| Launch price | £1.00 |
| Sector | UK Equity Income |
| Fund size | £628.00 million |
| Number of holdings | 40 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
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Before you invest please read the documents below.
HL research - our view on this fund
Nick McLeod-Clarke, co-manager of the BlackRock UK Income Fund, has stepped down from fund management with immediate effect. He will take an extended period of leave to recover from poor health. He is not likely to return to manage this fund, but could return to manage money for institutional clients, according to BlackRock.Adam Avigdori will take over lead management of the fund; having been co-manager since November 2009 and a member of the team since 2008. There will be no changes to the fund's existing investment objective or management style. We, therefore, believe existing investors do not need to take any action should the fund still meet their requirements.
The BlackRock UK Income Fund does not currently feature on the Wealth 150 list of our favourite funds across the major sectors. Though the fund's cautious approach means it has offered periods of shelter in the past, such as during the credit crisis in 2008, performance has since been disappointing and our analysis suggests stock selection has been poor in recent years. We are not considering the fund for inclusion at this time.
About the Fund Manager
Adam Avigdori
Located in: London
Adam Avigdori, Director and portfolio manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Portfolio Management Group. Adam is Co-Head of the UK Income Fund and also covers the Real Estate and Construction sectors.
Mr Avigdori's service with the firm dates back to 2001, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006.
Mr Avigdori earned a BSc (Hons) in Management Sciences from UMIST in 2001.
Income details
| Historic yield | 3.58% |
|---|---|
| Income paid | Quarterly |
| Type of payment | Dividend |
All yields are variable and not guaranteed. Information as at 26-04-2013.
Top 10 holdings
| HSBC Holdings PLC (UK Reg) | 9.19% |
|---|---|
| Royal Dutch Shell B | 7.61% |
| British American Tobacco | 6.94% |
| Vodafone Group | 6.03% |
| GlaxoSmithKline | 4.89% |
| Tate & Lyle | 3.67% |
| Shire | 3.38% |
| Imperial Tobacco Group | 3.27% |
| Barclays | 3.20% |
| Admiral Group | 3.02% |
Top 10 sectors
| Banks | 12.39% |
|---|---|
| Pharmaceuticals & Biotechnology | 11.94% |
| Tobacco | 10.21% |
| Oil & Gas Producers | 10.04% |
| Media | 6.72% |
| Nonlife Insurance | 6.36% |
| Mobile Telecommunications | 6.03% |
| Travel & Leisure | 4.80% |
| Financial Services | 4.04% |
| Food Producers | 3.67% |
Top 10 countries
| United Kingdom | 97.28% |
|---|---|
| France | 1.87% |
| Cash and Equiv. | 0.85% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving (loyalty bonus) only available on holdings worth over £1,000. Loyalty bonuses in the Vantage Fund & Share Account are paid net of basic rate tax. Loyalty bonuses in the Vantage ISA and SIPP are tax-free and paid gross.
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 24-05-2013. Data as at 30/04/2013.
