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

Sell:143.00p Buy:150.20p Change: No change
Prices as at 11 August 2020
Sell:143.00p
Buy:150.20p
Change: No change
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 11 August 2020
Sell:143.00p
Buy:150.20p
Change: No change
Prices as at 11 August 2020
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: Yes   View risks
Ongoing charge (OCF/TER): 1.67%
Ongoing saving from HL: 0.75% i
Net ongoing charge: 0.92%
There are other unit types of this fund available:
Class D - Accumulation (GBP) (Net ongoing charge 0.93%)

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:
Nigel Ridge
Fund launch date: 29 April 2005
Launch price: £1.00
Sector: Targeted Absolute Return
Fund size: £260 million
Number of holdings: 133
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

11/08/15 to 11/08/16 11/08/16 to 11/08/17 11/08/17 to 11/08/18 11/08/18 to 11/08/19 11/08/19 to 11/08/20
Annual return 0.44% 3.30% -0.85% 1.79% 0.63%

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 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

BlackRock UK Absolute Alpha Fund seeks to achieve a positive absolute return for investors and, as such, the Fund will not be managed against any UK 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 primarily aims to gain investment exposure to equities and equity-related securities of, or giving exposure to, companies incorporated or listed in the UK. 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

Historic yield : 0.05%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 September 2020 1 March 2021
Payment date: 31 October 20204 30 April 20214

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. Information correct as at 31 July 2020.

Security Weight
BlackRock Institutional Cash Series ICS Sterling Liquidity Agency 9.72%
TESCO 5.39%
RELX 5.07%
BRITISH AMERICAN TOBACCO 4.10%
RECKITT BENCKISER GROUP 4.04%
RENTOKIL INITIAL 4.04%
RIO TINTO 3.75%
SERCO GROUP 3.28%
CRH 2.86%
STANDARD CHARTERED 2.24%
Sector Weight
Cash and Equiv. 71.38%
Media 5.59%
Bonds 4.18%
Non-Classified 4.00%
Tobacco 3.90%
Industrial Metals & Mining 3.27%
Investment Banking & Brokerage Services 3.03%
Construction & Materials 2.75%
Non-Renewable Energy 2.41%
Software & Computer Services 2.12%
Country Weight
Cash and Equiv. 71.38%
United Kingdom 26.54%
Non-Classified 5.22%
Ireland 0.94%
Direct Property and REITs 0.43%
Japan 0.38%
Australia 0.24%
Singapore 0.21%
Canada 0.19%
France -0.40%

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 11 August 2020. Data provided by Funds Library, correct as at 30 June 2020.

FundsLibrary
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.