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BlackRock UK Abs Alpha

Quick Stats

Fund currency GBX Change on day 0.70p Sector IMA Absolute Return
Bid price 119.80p Change on day 0.56 % Fund Size £2.0b 31/07/2010
Mid price - Yield 0.00 % Fund type UK Authorised Unit Trust
Offer price 126.40p Unit type Accumulation Available as ISA, PEP
Price date 12:00 02/09/2010 Crown RatingFinancial Express Crown Rating Launch date 29/04/2005

Fund Objective

To achieve a positive absolute return for investors and, as such, the Fund will not be managed against any UK equity index. The Fund is expected to invest in UK equities and equity-related securities. In order to achieve the investment objective and policy stated in the Prospectus a variety of investment strategies and instruments will be employed, including derivatives that create both long and short positions.

Purchase Information

Min. Investment £500
Min. Top-up £100
Standard Initial
Charge		 5.00 %
Annual Management
Charge		 1.50 %
Dividend Dates Jun 30, Dec 31

Manager Information

Manager name Mark Lyttleton
Manager since 29/04/2005
Manager's biography Mark Lyttleton joined BlackRock as a graduate trainee, and has over 16 years experience with the firm. He specialises in managing funds which invest in the UK stockmarket, that have been designed specifically for private investors. Mark is also responsible for co-ordinating company research into the food retailing sector. He manages investments of over £3.2 billion in UK shares. He is BSc (Hons) Chemistry from the univesity of York.
Manager name Nick Osborne
Manager since 31/01/2008
Manager's biography Nick Osborne, CFA, Director and portfolio manager, is a member of BlackRock's UK Equity team. Nick began his career with BlackRock in 1999 having earned a BSc degree in economics from Bristol University, and has worked closely with Mark since the inception of the BlackRock UK Absolute Alpha Fund. From January 2008 named Co-Fund Manager of BlackRock UK Absolute Alpha Fund.

Performance Chart

    BlackRock UK Abs Alpha
    IMA Absolute Return

Cumulative Performance

  3 mth 6 mth 1 yr 3 yr 5 yr
Fund -0.91 % -2.37 % -1.40 % 11.39 % -
Sector 0.60 % 0.09 % 3.19 % 7.52 % 22.39 %
Relative to sector -1.52 % -2.46 % -4.59 % 3.87 % -
Rank within sector 41 / 47 39 / 47 32 / 39 11 / 18 3 / 7
Quartile 4 4 4 3 2

Discrete Performance Last Quarter End

  01/07/2009 -
30/06/2010		 01/07/2008 -
30/06/2009		 01/07/2007 -
30/06/2008		 01/07/2006 -
30/06/2007		 01/07/2005 -
30/06/2006
Fund -0.67 % -0.58 % 14.65 % 10.12 % -
Sector 5.74 % -1.49 % 1.86 % 9.65 % 6.00 %
Relative to sector -6.40 % 0.91 % 12.79 % 0.47 % -
Quartile 4 3 1 1 1

Discrete Performance by Calendar Year

  YTD 2009 2008 2007 2006
Fund -1.97 % 7.89 % 1.53 % 9.78 % -
Sector 1.16 % 8.61 % -3.60 % 6.56 % 3.99 %
Relative to sector -3.14 % -0.72 % 5.13 % 3.22 % -
Quartile - - - - -

Fund Holdings - as at July 31, 2010

Top 10 Holdings % of Fund
1 3I GROUP PLC 1.90 %
2 HORIZON ACQUISITION CO PLC 1.70 %
3 TESCO 1.70 %
4 UNILEVER 1.50 %
5 LLOYDS BANKING GROUP PLC 1.50 %
6 IMPERIAL TOBACCO GROUP 1.50 %
7 SMITHS GROUP 1.40 %
8 WPP PLC 1.40 %
9 CARNIVAL 1.40 %
10 CENTRICA PLC 1.40 %

Sector Weighting - as at July 31, 2010

Sector % of Fund
1 Financials 8.30 %
2 Industrials 4.10 %
3 Basic Materials 3.10 %
4 Oil & Gas 2.80 %
5 Consumer Services 2.60 %
6 Consumer Goods 2.00 %
7 Telecommunications 1.80 %
8 Technology 1.70 %
9 Health Care 1.50 %
10 Utilities -0.20 %
Others 72.30 %

Region Weighting - as at July 31, 2010

Region % of Fund
1 UK 100.00 %


Asset Weighting - as at August 31, 2010 (estimated from sector average)

Asset % of Fund
1 Alternative Investment Strategies 100.00 %