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BlackRock European High Yield Bond Class D4 - Income (GBP Hedged)

Sell:1,045.00p Buy:1,045.00p Change: 3.00p (0.29%)
Prices as at 21 June 2024
Change: 3.00p (0.29%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 21 June 2024
Change: 3.00p (0.29%)
Prices as at 21 June 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and 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: No  
Ongoing charge (OCF/TER): 0.76%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.76%

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: Unbundled
Fund launch date: 23 July 2015
Sector: Global Bonds
Fund size: £356 million
Number of holdings: 440
Fund type: SICAV
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 15:00
Trustee: The Bank of New York Mellon (International) Limited
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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21/06/19 to 21/06/20 21/06/20 to 21/06/21 21/06/21 to 21/06/22 21/06/22 to 21/06/23 21/06/23 to 21/06/24
Annual return -0.14% 13.24% -12.10% 7.39% 12.36%

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.

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Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 70% of its total assets in fixed income securities which have a relatively low credit rating or are unrated. These may be denominated in various currencies and issued by governments and government agencies of, and companies and supranationals (e.g. the International Bank for Reconstruction and Development) domiciled, or the main business of which is in, Europe. These include bonds and money market instruments (i.e. debt securities with short term maturities). The remainder may include investments outside of the asset classes and sector set out above and which are investment grade (i.e. meet a specified level of credit worthiness) at the time of purchase. The term Europe refers to all European countries including the United Kingdom, Eastern Europe and the former Soviet Union countries. The investment adviser (IA) may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to achieve the investment objective of the Fund, and/or to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income. The Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). The IA has discretion to select the Fund's investments and in doing so may take into consideration the Bloomberg Barclays Pan European High Yield 3% Issuer Constrained Index EUR Hedged. Recommendation: This Fund may not be appropriate for short-term investment. Your shares will be distributing (i.e. dividend income will be paid annually on the shares).

Income Details

Income paid: Annually
Type of payment: Dividend
Ex-dividend date:
Payment date:

This data is provided by Broadridge. 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 Euro Liquidity Agency 1.56%
RCI BANQUE SA RegS 2.625 02/18/2030 1.51%
TELEFONICA EUROPE BV RegS 6.135 12/31/2079 0.93%
INTESA SANPAOLO SPA PNC7.5 RegS 5.5 12/31/2079 0.93%
COMMERZBANK AG RegS 6.125 12/31/2079 0.88%
ELECTRICITE DE FRANCE SA RegS 3.375 12/31/2079 0.80%
ILIAD SA RegS 5.375 06/14/2027 0.74%
ATLAS LUXCO 4 SARL RegS 4.875 06/01/2028 0.71%
Sector Weight
Bonds 94.95%
Non-Classified 4.32%
Cash and Equiv. 0.72%
Alternative Trading Strategies 0.02%
Real Estate Investment & Services 0.00%
Country Weight
France 13.86%
United Kingdom 11.85%
Non-Classified 11.63%
Italy 10.57%
Netherlands 10.40%
Germany 10.06%
Luxembourg 7.57%
United States 5.93%
Spain 5.66%
Ireland 2.74%

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 21 June 2024. Data provided by Broadridge, correct as at 31 March 2024.

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and 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.