BlackRock European Absolute Alpha Class D Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/05/20
to
31/05/21
31/05/21
to
31/05/22
31/05/22
to
31/05/23
31/05/23
to
31/05/24
31/05/24
to
31/05/25
Fund 2.5% 3.7% 6.3% 7.2% 2.5%
Sector 7.9% 1.2% 0.1% 7.2% 5.2%
Rank 51/61 19/65 7/70 29/70 59/71
Quartile 4 2 1 2 4

Annualised performance

Annualised
3 Years to
31/05/25
5 Years to
31/05/25
10 Years to
31/05/25
Fund 5.3% 4.4% 4.1%
Sector 4.1% 4.3% 2.5%
Rank 20/70 25/61 10/41
Quartile 2 2 1

Top 10 Holdings

Stock % Weight
OMERS FINANCE TRUST 5.45
MIZUHO BANK LTD (LONDON BRANCH) 4.87
SUMITOMO MITSUI TRUST BANK LTD (LO 4.26
ANTALIS SA 4.25
PSP CAPITAL INC 3.91
TOYOTA MOTOR FINANCE (NETHERLANDS) 3.00
BARCLAYS BANK UK PLC 2.74
SUMITOMO MITSUI BANKING CORP (BRUS 2.73
EUROCLEAR BANK SA 2.71
SUMITOMO MITSUI BANKING CORP (BRUS 2.71
Total 36.64

Fund Aims

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.

Fund Manager

Stefan Gries manager for 11 years and 11 months

Photo of Stefan Gries Stefan Gries, Director, is the co-portfolio manager of Continental European funds and European Absolute Return portfolios. He is a member of the European Equity team within the Fundamental Equity division of BlackRock’s Active Equity Group. Prior to joining Blackrock in 2008, Mr Gries spent 2 years at Scottish Widows Investment Partnership where he completed a 2 year graduate program. Since joining BlackRock, he has worked both as a portfolio manager and as an analyst covering, at various times, energy, pharmaceuticals and insurance on behalf of the European Equity team. Mr Gries earned an MA in Economics & Spanish from the University of St. Andrews in 2005.

David Tovey manager for 7 years and 11 months

Photo of David Tovey David Tovey, CFA, Director and portfolio manager is a member of BlackRock's European equity team within BlackRock's Alpha Strategies group. He manages the BGF Swiss Small & Mid-Cap Opportunities Fund, the BlackRock Aletsch Fund, BSF European Opportunities Extension Fund, and is a co-manager of the BSF European Absolute Return Fund. Mr. Tovey's service with the firm dates back to 1998, when he joined the graduate programme of Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Tovey initially worked as an analyst on the US Small Cap team before joining the European Specialist team in September 1999, which joined the European Equity team in 2013. Mr. Tovey earned a BSc degree in economics from Warwick University in 1998.

Fund Overview

Bid (30/05/2025) 191.63p
Offer (30/05/2025) 191.71p
Historic yield 2.54%
Fund size (30/04/2025) £328.39m
Number of holdings 536
Entry Charge 0.00%
Ongoing Charges 0.92%
Launch date 31/03/2009

Asset Allocation

pie chart
  Cash and Equivalents 39.67%
  UK Corporate Bonds 4.84%
  Money Market 4.00%
  UK Equities 1.92%
  Alternative Trading Strategies 1.37%
  International Equities -2.05%
  Other Assets 50.24%
Portfolio data accurate as at: 30/04/25

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  Cash and Equivalents 39.67%
  UK Corporate Bonds 4.84%
  Money Market 4.00%
  UK Equities 1.92%
  Alternative Trading Strategies 1.37%
  International Equities -2.05%
  Other Assets 50.24%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Non-Classified 50.24% - - -
 
Cash and Equivalents 43.68% - - -
 
Industrials 18.75% - - -
 
Industrial Goods & Services - 13.04% - -
 
Aerospace & Defence - - 6.23% -
 
Aerospace - - - 4.29%
 
Defense - - - 1.94%
 
Industrial Engineering - - 2.60% -
 
Machinery: Construction & Handling - - - 1.40%
 
Machinery: Industrial - - - 1.19%
 
Industrial Support Services - - 2.16% -
 
Transaction Processing Services - - - 1.70%
 
Professional Business Support Services - - - 1.06%
 
Industrial Suppliers - - - -0.19%
 
Security Services - - - -0.42%
 
General Industrials - - 0.87% -
 
Diversified Industrials - - - 0.87%
 
Electronic & Electrical Equipment - - 0.79% -
 
Electrical Components - - - 1.16%
 
Electronic Equipment: Gauges & Meters - - - -0.37%
 
Industrial Transportation - - 0.39% -
 
Transportation Services - - - 1.23%
 
Commercial Vehicle-Equipment Leasing - - - -0.83%
 
Construction & Materials - 5.71% - -
 
Construction & Materials - - 5.71% -
 
Building Materials: Other - - - 3.20%
 
Cement - - - 3.04%
 
Engineering & Contracting Services - - - 0.08%
 
Building: Climate Control - - - -0.61%
 
Financials 9.03% - - -
 
Banks - 4.58% - -
 
Banks - - 4.58% -
 
Banks - - - 4.58%
 
Financial Services - 3.12% - -
 
Finance & Credit Services - - 2.23% -
 
Financial Data & Systems - - - 2.23%
 
Investment Banking & Brokerage Services - - 0.89% -
 
Investment Services - - - 1.69%
 
Asset Managers & Custodians - - - -0.79%
 
Insurance - 1.32% - -
 
Non-life Insurance - - 1.32% -
 
Full Line Insurance - - - 1.32%
 
Bonds 4.84% - - -
 
Technology 1.45% - - -
 
Technology - 1.45% - -
 
Software & Computer Services - - 2.40% -
 
Software - - - 1.37%
 
Computer Services - - - 1.03%
 
Technology Hardware & Equipment - - -0.96% -
 
Production Technology Equipment - - - 0.61%
 
Semiconductors - - - -0.75%
 
Computer Hardware - - - -0.82%
 
Alternative Trading Strategies 1.37% - - -
 
Alternative Trading Strategies - 1.37% - -
 
Alternative Trading Strategies - - 1.37% -
 
Alternative Trading Strategies - - - 1.37%
 
Health Care 0.69% - - -
 
Health Care - 0.69% - -
 
Pharmaceuticals & Biotechnology - - 4.61% -
 
Pharmaceuticals - - - 2.49%
 
Biotechnology - - - 2.12%
 
Health Care Providers - - -0.47% -
 
Health Care Services - - - -0.47%
 
Medical Equipment & Services - - -3.45% -
 
Medical Services - - - -0.79%
 
Medical Equipment - - - -2.66%
 
Basic Materials -2.89% - - -
 
Basic Resources - -0.98% - -
 
Industrial Materials - - -0.48% -
 
Diversified Materials - - - -0.48%
 
Industrial Metals & Mining - - -0.49% -
 
General Mining - - - -0.49%
 
Chemicals - -1.92% - -
 
Chemicals - - -1.92% -
 
Chemicals: Diversified - - - -0.88%
 
Specialty Chemicals - - - -1.04%
 
Utilities -3.13% - - -
 
Utilities - -3.13% - -
 
Electricity - - -3.13% -
 
Conventional Electricity - - - -1.05%
 
Alternative Electricity - - - -2.07%
 
Energy -3.44% - - -
 
Energy - -3.44% - -
 
Renewable Energy - - -0.60% -
 
Renewable Energy Equipment - - - -0.60%
 
Non-Renewable Energy - - -2.84% -
 
Oil Refining and Marketing - - - -1.01%
 
Integrated Oil & Gas - - - -1.83%
 
Consumer Staples -5.14% - - -
 
Personal Care, Drug & Grocery Stores - -1.53% - -
 
Personal Care, Drug & Grocery Stores - - -1.53% -
 
Personal Products - - - 1.08%
 
Food Retailers & Wholesalers - - - -2.60%
 
Food, Beverage & Tobacco - -3.62% - -
 
Food Producers - - -0.40% -
 
Food Products - - - -0.40%
 
Beverages - - -3.22% -
 
Soft Drinks - - - -1.20%
 
Distillers & Vintners - - - -2.02%
 
Telecommunications -5.93% - - -
 
Telecommunications - -5.93% - -
 
Telecommunications Service Providers - - -5.93% -
 
Telecommunications Services - - - -5.93%
 
Consumer Discretionary -9.51% - - -
 
Retail - -0.80% - -
 
Retailers - - -0.80% -
 
Apparel Retailers - - - -0.80%
 
Media - -0.90% - -
 
Media - - -0.90% -
 
Media Agencies - - - -0.90%
 
Consumer Products & Services - -1.39% - -
 
Personal Goods - - 2.30% -
 
Clothing & Accessories - - - 1.92%
 
Luxury Items - - - 1.41%
 
Cosmetics - - - -1.04%
 
Consumer Services - - -0.83% -
 
Consumer Services: Misc. - - - -0.83%
 
Household Goods & Home Construction - - -1.25% -
 
Household Appliance - - - -0.57%
 
Household Equipment & Products - - - -0.69%
 
Leisure Goods - - -1.60% -
 
Recreational Products - - - -0.59%
 
Electronic Entertainment - - - -1.01%
 
Travel & Leisure - -3.06% - -
 
Travel & Leisure - - -3.06% -
 
Recreational Services - - - -0.67%
 
Casinos & Gambling - - - -0.77%
 
Airlines - - - -0.80%
 
Restaurants & Bars - - - -0.82%
 
Automobiles & Parts - -3.37% - -
 
Automobiles & Parts - - -3.37% -
 
Auto Parts - - - -0.63%
 
Automobiles - - - -2.73%

Regional Allocation

pie chart
  Non-Classified 52.17%
  Cash and Equivalents 43.68%
  UK 6.76%
  Developed Europe - Excl UK -2.61%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 90.62%
  Pound Sterling 4.84%
  Cash 4.54%

Regional Breakdown

Expand allCollapse all
Region Country
 
Non-Classified 52.17% -
 
Cash and Equivalents 43.68% -
 
UK 6.76% -
 
United Kingdom - 6.76%
 
Developed Europe - Excl UK -2.61% -
 
Ireland - 3.55%
 
Germany - 3.12%
 
France - 2.71%
 
Italy - 1.51%
 
Netherlands - 0.70%
 
Switzerland - 0.01%
 
Luxembourg - -0.79%
 
Belgium - -0.91%
 
Portugal - -0.98%
 
Denmark - -1.33%
 
Norway - -1.66%
 
Spain - -2.18%
 
Finland - -2.40%
 
Sweden - -3.96%

Asset Allocation

pie chart
  Longs 47.11%
  Shorts -48.42%

Breakdown By Market Cap (%)

Mega
 
 
19.74%
Large
 
-11.61%
Medium
 
-10.99%
Small
 
-0.19%
Non-Classified
 
 
54.53%
Bonds
 
 
4.84%
Cash
 
 
43.68%

Top 10 Holdings

Stock % Weight Sector Country
1 OMERS FINANCE TRUST 5.45% Non-Classified Non-Classified
2 MIZUHO BANK LTD (LONDON BRANCH) 4.87% Non-Classified Non-Classified
3 SUMITOMO MITSUI TRUST BANK LTD (LO 4.26% Non-Classified Non-Classified
4 ANTALIS SA 4.25% Non-Classified Non-Classified
5 PSP CAPITAL INC 3.91% Non-Classified Non-Classified
6 TOYOTA MOTOR FINANCE (NETHERLANDS) 3.00% Non-Classified Non-Classified
7 BARCLAYS BANK UK PLC 2.74% Non-Classified Non-Classified
8 SUMITOMO MITSUI BANKING CORP (BRUS 2.73% Non-Classified Non-Classified
9 EUROCLEAR BANK SA 2.71% Non-Classified Non-Classified
10 SUMITOMO MITSUI BANKING CORP (BRUS 2.71% Non-Classified Non-Classified

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 2.33% -0.89% - - - - - - 1.45%
Telecommunications -1.94% -3.99% - - - - - - -5.93%
Financials 1.82% 7.21% - - - - - - 9.03%
Consumer Discretionary - -9.51% - - - - - - -9.51%
Consumer Staples -2.29% -2.85% - - - - - - -5.14%
Energy -0.91% -2.53% - - - - - - -3.44%
Utilities - -3.13% - - - - - - -3.13%
Health Care 0.85% -0.16% - - - - - - 0.69%
Industrials 3.57% 15.18% - - - - - - 18.75%
Basic Materials -1.51% -1.38% - - - - - - -2.89%
Cash and Equivalents - - - - - - - 39.67% 39.67%
Bonds - - 4.84% - - - - - 4.84%
Non-Classified - - - - - - 51.61% 4.00% 55.61%

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 B4Y62W7
Mex Code MYBLEP
Isin Code GB00B4Y62W78
Citi Code EYN0

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.92%

Aims and Benchmark

Aims 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.
Benchmark LIBOR 3 Month (GBP)
Benchmark Category -
IA Sector Absolute Return

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 Crown Rating of 3

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 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
Email 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.

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.