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BlackRock European Absolute Alpha Inclusive - Class P - Accumulation (GBP)

Sell:135.00p Buy:141.90p Change: 0.40p (0.30%)
Prices as at 6 December 2019
Sell:135.00p
Buy:141.90p
Change: 0.40p (0.30%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 6 December 2019
Sell:135.00p
Buy:141.90p
Change: 0.40p (0.30%)
Prices as at 6 December 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 5.00%
Initial saving from HL: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: Yes   View risks
Ongoing charge (OCF/TER): 1.73%
Ongoing saving from HL: 0.75% i
Net ongoing charge: 0.98%
There are other unit types of this fund available:
Class D - Accumulation (GBP) (Net ongoing charge 0.98%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Inclusive
Manager:
Multiple
Fund launch date: 31 March 2009
Launch price: £1.00
Sector: Targeted Absolute Return
Fund size: £220 million
Number of holdings: 208
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

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Performance

06/12/14 to 06/12/15 06/12/15 to 06/12/16 06/12/16 to 06/12/17 06/12/17 to 06/12/18 06/12/18 to 06/12/19
Annual return 8.03% -4.93% 4.61% 3.70% 2.73%

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

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

BlackRock European Absolute Alpha Fund seeks to achieve a positive absolute return for investors and, as such, the Fund will not be managed against any European equity index. The Fund will seek to achieve this investment objective by taking long positions and using derivatives to take synthetic long and synthetic short investment positions. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund's capital is at risk. The Fund primarily aims to gain investment exposure to equities and equity-related securities of, or giving exposure to, companies incorporated or listed in the European Economic Area and Switzerland. In order to gain this exposure, the Fund invests primarily in derivatives, equities and equity-related securities and, when determined appropriate, cash and near cash. The Fund may also invest in other transferable securities, permitted money-market instruments, permitted deposits and units in collective investment schemes.

Income Details

Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 March 2020 1 September 2020
Payment date: 30 April 20204 31 October 20204

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Security Weight
BlackRock Institutional Cash Series ICS Sterling Liquidity Agency 9.34%
ROYAL UNIBREW A/S 4.44%
NOVO NORDISK A/S 3.47%
DSV PANALPINA AS 2.99%
SAFRAN S.A. 2.90%
LONZA GROUP AG 2.88%
SIKA AG 2.64%
RELX 2.61%
STRAUMANN HLDG 2.36%
SAP SE 1.77%
Sector Weight
Cash and Equiv. 86.34%
Pharmaceuticals, Biotechnology & Marijuana Producers 6.17%
Non-Classified 5.92%
Beverages 5.35%
Construction & Materials 4.18%
Bonds 4.18%
Software & Computer Services 3.31%
Industrial Transportation 2.84%
Industrial Support Services 1.58%
Aerospace & Defence 1.56%
Country Weight
Cash and Equiv. 86.34%
Denmark 7.89%
Non-Classified 5.92%
Switzerland 3.93%
Ireland 2.28%
Sweden 1.85%
France 1.71%
Canada 0.95%
Japan 0.49%
Singapore 0.32%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 6 December 2019. Data provided by Funds Library, correct as at 31 October 2019.

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

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.