BlackRock UK Special Situations Class D Acc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | -11.2% | 31.8% | -6.0% | -1.7% | 5.0% |
| Sector | -14.6% | 30.3% | -0.1% | 1.8% | 6.9% |
| Rank | 60/213 | 77/218 | 170/222 | 167/228 | 164/230 |
| Quartile | 2 | 2 | 4 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | -1.0% | 2.6% | 5.2% | |
| Sector | 2.8% | 3.9% | 5.0% | |
| Rank | 164/222 | 162/213 | 101/185 | |
| Quartile | 3 | 4 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 3.96 |
| LONDON STOCK EXCHANGE GROUP | 3.74 |
| SHELL | 3.72 |
| RELX | 3.30 |
| RIO TINTO | 3.28 |
| GAMMA COMMUNICATIONS | 2.84 |
| 4IMPRINT GROUP | 2.72 |
| BP | 2.66 |
| UNILEVER | 2.63 |
| HSBC HOLDINGS | 2.58 |
| Total | 31.42 |
Fund Aims
The aim of the BlackRock UK Special Situations Fund is to achieve long-term capital growth for investors. The Fund invests primarily in the shares of companies incorporated or listed in the UK and will normally have an emphasis on small or medium sized companies. The Fund may also invest in collective investment schemes. Small and medium sized companies are those whose market capitalisation is lower than that of companies in the FTSE 100 Index at the time of the Fund’s investment.
Fund Manager
Roland Arnold, Director and Portfolio Manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Alpha Strategies Group. Mr Arnold's primary responsibility is managing small and mid cap UK equity portfolios, with a sector emphasis on Technology.Mr Arnold's service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to joining MLIM in 2000, Mr Arnold worked at a UK retail bank as a performance and credit analyst.
Mr Arnold earned a BA (Hones) in Economics and Management from Leeds University in 1998.
Fund Overview
| Bid (03/05/2024) | 5550.88p |
| Offer (03/05/2024) | 5600.63p |
| Historic yield | 2.16% |
| Fund size (29/02/2024) | £416.16m |
| Number of holdings | 75 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
| Launch date | 26/04/2010 |
Asset Allocation
| UK Equities | 93.56% | |
| International Equities | 4.67% | |
| Property | 1.08% | |
| Alternative Trading Strategies | 0.35% | |
| Cash and Equivalents | 0.34% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 93.56% | |
| International Equities | 4.67% | |
| Property | 1.08% | |
| Alternative Trading Strategies | 0.35% | |
| Cash and Equivalents | 0.34% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Consumer Discretionary | 25.55% | - | - | - | |
| Media | - | 10.48% | - | - | |
| Media | - | - | 10.48% | - | |
| Media Agencies | - | - | - | 6.41% | |
| Publishing | - | - | - | 4.07% | |
| Consumer Products & Services | - | 7.57% | - | - | |
| Consumer Services | - | - | 3.90% | - | |
| Vending & Catering Service | - | - | - | 2.19% | |
| Consumer Services: Misc. | - | - | - | 1.71% | |
| Household Goods & Home Construction | - | - | 1.95% | - | |
| Home Construction | - | - | - | 1.95% | |
| Leisure Goods | - | - | 1.08% | - | |
| Electronic Entertainment | - | - | - | 0.54% | |
| Toys | - | - | - | 0.54% | |
| Personal Goods | - | - | 0.64% | - | |
| Luxury Items | - | - | - | 0.64% | |
| Retail | - | 3.81% | - | - | |
| Retailers | - | - | 3.81% | - | |
| Specialty Retailers | - | - | - | 1.80% | |
| Diversified Retailers | - | - | - | 1.59% | |
| Home Improvement Retailers | - | - | - | 0.42% | |
| Travel & Leisure | - | 2.94% | - | - | |
| Travel & Leisure | - | - | 2.94% | - | |
| Restaurants & Bars | - | - | - | 1.81% | |
| Hotels & Motels | - | - | - | 1.12% | |
| Automobiles & Parts | - | 0.75% | - | - | |
| Automobiles & Parts | - | - | 0.75% | - | |
| Auto Parts | - | - | - | 0.75% | |
| Industrials | 21.97% | - | - | - | |
| Industrial Goods & Services | - | 16.46% | - | - | |
| Electronic & Electrical Equipment | - | - | 3.81% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 2.01% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 1.25% | |
| Electrical Components | - | - | - | 0.55% | |
| Industrial Support Services | - | - | 3.79% | - | |
| Industrial Suppliers | - | - | - | 1.54% | |
| Business Training & Employment Agencies | - | - | - | 1.37% | |
| Transaction Processing Services | - | - | - | 0.87% | |
| Aerospace & Defence | - | - | 3.75% | - | |
| Defense | - | - | - | 2.18% | |
| Aerospace | - | - | - | 1.57% | |
| General Industrials | - | - | 2.73% | - | |
| Containers & Packaging | - | - | - | 1.82% | |
| Diversified Industrials | - | - | - | 0.91% | |
| Industrial Engineering | - | - | 1.28% | - | |
| Machinery: Construction & Handling | - | - | - | 1.28% | |
| Industrial Transportation | - | - | 1.11% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 1.11% | |
| Construction & Materials | - | 5.51% | - | - | |
| Construction & Materials | - | - | 5.51% | - | |
| Construction | - | - | - | 2.53% | |
| Building Materials: Other | - | - | - | 1.79% | |
| Cement | - | - | - | 1.19% | |
| Financials | 17.48% | - | - | - | |
| Financial Services | - | 11.70% | - | - | |
| Investment Banking & Brokerage Services | - | - | 7.96% | - | |
| Asset Managers & Custodians | - | - | - | 6.07% | |
| Investment Services | - | - | - | 1.89% | |
| Finance & Credit Services | - | - | 3.74% | - | |
| Financial Data & Systems | - | - | - | 3.74% | |
| Banks | - | 4.70% | - | - | |
| Banks | - | - | 4.70% | - | |
| Banks | - | - | - | 4.70% | |
| Insurance | - | 1.09% | - | - | |
| Non-life Insurance | - | - | 1.09% | - | |
| Full Line Insurance | - | - | - | 1.09% | |
| Energy | 7.36% | - | - | - | |
| Energy | - | 7.36% | - | - | |
| Non-Renewable Energy | - | - | 7.36% | - | |
| Integrated Oil & Gas | - | - | - | 6.38% | |
| Oil: Crude Producers | - | - | - | 0.98% | |
| Basic Materials | 5.59% | - | - | - | |
| Basic Resources | - | 5.06% | - | - | |
| Industrial Metals & Mining | - | - | 5.06% | - | |
| General Mining | - | - | - | 5.06% | |
| Chemicals | - | 0.53% | - | - | |
| Chemicals | - | - | 0.53% | - | |
| Specialty Chemicals | - | - | - | 0.53% | |
| Real Estate | 4.97% | - | - | - | |
| Real Estate | - | 4.97% | - | - | |
| Real Estate Investment Trusts | - | - | 3.91% | - | |
| Office REITs | - | - | - | 2.83% | |
| Diversified REITs | - | - | - | 1.08% | |
| Real Estate Investment & Services | - | - | 1.07% | - | |
| Real Estate Holding and Development | - | - | - | 1.07% | |
| Health Care | 4.79% | - | - | - | |
| Health Care | - | 4.79% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 4.79% | - | |
| Pharmaceuticals | - | - | - | 4.79% | |
| Technology | 4.62% | - | - | - | |
| Technology | - | 4.62% | - | - | |
| Software & Computer Services | - | - | 4.62% | - | |
| Consumer Digital Services | - | - | - | 2.65% | |
| Computer Services | - | - | - | 1.48% | |
| Software | - | - | - | 0.50% | |
| Consumer Staples | 4.14% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 4.14% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 4.14% | - | |
| Personal Products | - | - | - | 2.63% | |
| Nondurable Household Products | - | - | - | 1.51% | |
| Telecommunications | 2.84% | - | - | - | |
| Telecommunications | - | 2.84% | - | - | |
| Telecommunications Service Providers | - | - | 2.84% | - | |
| Telecommunications Services | - | - | - | 2.84% | |
| Alternative Trading Strategies | 0.35% | - | - | - | |
| Alternative Trading Strategies | - | 0.35% | - | - | |
| Alternative Trading Strategies | - | - | 0.35% | - | |
| Alternative Trading Strategies | - | - | - | 0.35% | |
| Cash and Equivalents | 0.34% | - | - | - | |
Regional Allocation
| UK | 93.56% | |
| Developed Europe - Excl UK | 3.79% | |
| Property | 1.08% | |
| North America | 0.87% | |
| Non-Classified | 0.35% | |
| Cash and Equivalents | 0.34% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.59% | |
| Cash | 1.24% | |
| Pound Sterling | 1.17% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 93.56% | - | |
United Kingdom
|
- | 93.56% | |
| Developed Europe - Excl UK | 3.79% | - | |
Ireland
|
- | 3.79% | |
| Property | 1.08% | - | |
| North America | 0.87% | - | |
United States
|
- | 0.87% | |
| Non-Classified | 0.35% | - | |
| Cash and Equivalents | 0.34% | - | |
Breakdown By Market Cap (%)
| Mega |
|
28.01% |
| Large |
|
9.32% |
| Medium |
|
38.52% |
| Small |
|
15.29% |
| Micro |
|
0.97% |
| Non-Classified |
|
7.56% |
| Cash |
|
0.34% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 3.96% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | LONDON STOCK EXCHANGE GROUP | 3.74% | Finance & Credit Services | United Kingdom |
| 3 | SHELL | 3.72% | Non-Renewable Energy | United Kingdom |
| 4 | RELX | 3.30% | Media | United Kingdom |
| 5 | RIO TINTO | 3.28% | Industrial Metals & Mining | United Kingdom |
| 6 | GAMMA COMMUNICATIONS | 2.84% | Telecommunications Service Providers | United Kingdom |
| 7 | 4IMPRINT GROUP | 2.72% | Media | United Kingdom |
| 8 | BP | 2.66% | Non-Renewable Energy | United Kingdom |
| 9 | UNILEVER | 2.63% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 10 | HSBC HOLDINGS | 2.58% | Banks | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 4.62% | - | - | - | - | - | - | - | 4.62% |
| Telecommunications | 2.84% | - | - | - | - | - | - | - | 2.84% |
| Financials | 17.05% | 0.43% | - | - | - | - | - | - | 17.48% |
| Real Estate | 3.90% | - | - | - | - | 1.08% | - | - | 4.97% |
| Consumer Discretionary | 25.55% | - | - | - | - | - | - | - | 25.55% |
| Consumer Staples | 4.14% | - | - | - | - | - | - | - | 4.14% |
| Energy | 7.36% | - | - | - | - | - | - | - | 7.36% |
| Health Care | 4.79% | - | - | - | - | - | - | - | 4.79% |
| Industrials | 17.73% | 4.24% | - | - | - | - | - | - | 21.97% |
| Basic Materials | 5.59% | - | - | - | - | - | - | - | 5.59% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.34% | 0.34% |
| Non-Classified | - | - | - | - | - | - | 0.35% | - | 0.35% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B3V1C06 |
| Mex Code | MYAAAI |
| Isin Code | GB00B3V1C060 |
| Citi Code | IVZ0 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
Aims and Benchmark
| Aims | The aim of the BlackRock UK Special Situations Fund is to achieve long-term capital growth for investors. The Fund invests primarily in the shares of companies incorporated or listed in the UK and will normally have an emphasis on small or medium sized companies. The Fund may also invest in collective investment schemes. Small and medium sized companies are those whose market capitalisation is lower than that of companies in the FTSE 100 Index at the time of the Fund’s investment. |
| Benchmark | IA UK All Companies Sector Average |
| Benchmark Category | - |
| IA Sector | UK All Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 March | 30 April |
| 01 September | 31 October |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | BNY Mellon Trust & Depositary (UK) Ltd |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | The Bank of New York Mellon SA/NV |
Group Details
| Group name | BlackRock Investment Management (UK) Limited |
| Group address | 12 Throgmorton Avenue London EC2N 2DL |
| Group telephone | 08457 405 405 |
| Dealing telephone | 0800 445522 |
| broker.services@blackrock.com | |
| Homepage | www.blackrock.co.uk |
| Fax number | 020 7743 1135 |
Dealing
| Minimum Investment | £100000 |
| Minimum Top Up | £100 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -4.26 |
| Beta | 1.17 |
| Sharpe | -0.01 |
| Standard Deviation | 14.45 |
| Info Ratio | -0.99 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.