METROPOLITAN LIFE GLOBAL FUNDING I RegS 5 01/10/2030
2.77
4⅛% Treasury Gilt 2027
2.75
TESCO PROPERTY RegS
2.74
AT&T INC RegS 5.5 03/15/2027
2.44
LEGAL & GENERAL GROUP PLC RegS 5.125 11/14/2048
2.14
BANCO SANTANDER SA MTN RegS 4.75 08/30/2028
2.02
EON INTERNATIONAL FINANCE BV MTN RegS 6.25 06/03/2030
1.99
COOPERATIEVE CENTRALE RAIFFEISEN-B MTN RegS 4.625 05/23/2029
1.94
Total
27.31
Fund Aims
The objective of the BlackRock Corporate Bond Fund is to maximise total return by investing principally in corporate bonds and other interest-bearing securities. Exposure to non sterling denominated assets will typically be hedged back to sterling.
Separately, the Fund may also invest in preference shares, convertibles, other transferable securities and collective investment schemes.
Fund Manager
Ben Edwardsmanager
for
11 years
and 11 months
Ben Edwards, CFA, Managing Director, is a Portfolio Manager in the Sterling Bond Portfolio team within BlackRock's Global Fixed Income Group. Mr. Edwards is the lead fund manager of the BlackRock Corporate Bond Fund and co-manager of the BlackRock Sterling Strategic Bond Fund. Prior to joining BlackRock in 2010, Mr. Edwards worked at Legal and General Investment Management from 2003 to 2009 where he was a portfolio manager, responsible for both institutional and retail sterling corporate bond portfolios. He began his career as an Analyst at M&G in 2002. Mr. Edwards earned a Business degree from the Queensland University of Technology (Aust.) in 2000 and post-graduate qualifications in Finance from the Financial Services Institute of Australia in 2002. He is a CFA charterholder.
Fund Overview
Bid (03/05/2024)
100.77p
Offer (03/05/2024)
101.18p
Distribution yield
4.52%
Underlying yield
-
Fund size (29/02/2024)
£1110.06m
Number of holdings
224
Entry Charge
0.00%
Ongoing Charges
0.56%
Launch date
10/06/2011
Asset Allocation
International Bonds
48.46%
UK Corporate Bonds
28.58%
UK Gilts
12.27%
Cash and Equivalents
2.39%
Alternative Trading Strategies
-1.04%
Other Assets
9.35%
Portfolio data accurate as at: 29/02/24
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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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
International Bonds
48.46%
UK Corporate Bonds
28.58%
UK Gilts
12.27%
Cash and Equivalents
2.39%
Alternative Trading Strategies
-1.04%
Other Assets
9.35%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
89.30%
-
-
-
Non-Classified
9.35%
-
-
-
Cash and Equivalents
2.39%
-
-
-
Alternative Trading Strategies
-1.04%
-
-
-
Alternative Trading Strategies
-
-1.04%
-
-
Alternative Trading Strategies
-
-
-1.04%
-
Alternative Trading Strategies
-
-
-
-1.04%
Regional Allocation
UK
40.85%
Developed Europe - Excl UK
25.77%
North America
15.91%
Non-Classified
15.07%
Cash and Equivalents
2.39%
Fixed Interest Currencies
Pound Sterling
70.86%
Euro
16.98%
Non-Fixed Interest Assets
11.76%
US Dollar
0.75%
Lari
0.72%
Cash
-1.07%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
40.85%
-
United Kingdom
-
40.85%
Developed Europe - Excl UK
25.77%
-
France
-
8.17%
Netherlands
-
4.66%
Spain
-
3.77%
Germany
-
1.90%
Switzerland
-
1.75%
Norway
-
1.23%
Italy
-
1.09%
Belgium
-
1.04%
Luxembourg
-
0.81%
Denmark
-
0.78%
Sweden
-
0.58%
Finland
-
0.00%
North America
15.91%
-
United States
-
15.91%
Canada
-
0.01%
Non-Classified
15.07%
-
Cash and Equivalents
2.39%
-
Fixed Interest Maturity Profile
< 5Yr Maturity
30.98%
5Yr - 10Yr Maturity
35.37%
10Yr - 15Yr Maturity
3.21%
> 15Yr Maturity
19.74%
Cash And Equivalents
2.39%
Unknown Maturity
9.35%
Other Asset Types
-1.04%
Fixed Interest Quality Profile
AAA
0.68%
AA
16.28%
A
25.03%
BBB
33.55%
Sub-Investment Grade
6.55%
Unknown Quality
7.22%
Cash and Equivalents
2.39%
Other Asset Types
8.31%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
4½% Treasury Gilt 2028
5.59%
Bonds
United Kingdom
2
TIME WARNER CABLE LLC 5.75 06/02/2031
2.93%
Bonds
United States
3
METROPOLITAN LIFE GLOBAL FUNDING I RegS 5 01/10/2030
2.77%
Bonds
United States
4
4⅛% Treasury Gilt 2027
2.75%
Bonds
United Kingdom
5
TESCO PROPERTY RegS
2.74%
Bonds
United Kingdom
6
AT&T INC RegS 5.5 03/15/2027
2.44%
Bonds
United States
7
LEGAL & GENERAL GROUP PLC RegS 5.125 11/14/2048
2.14%
Bonds
United Kingdom
8
BANCO SANTANDER SA MTN RegS 4.75 08/30/2028
2.02%
Bonds
Spain
9
EON INTERNATIONAL FINANCE BV MTN RegS 6.25 06/03/2030
1.99%
Bonds
Netherlands
10
COOPERATIEVE CENTRALE RAIFFEISEN-B MTN RegS 4.625 05/23/2029
1.94%
Bonds
Netherlands
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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
B4T5JV7
Mex Code
MYORPO
Isin Code
GB00B4T5JV79
Citi Code
00PC
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.56%
Aims and Benchmark
Aims
The objective of the BlackRock Corporate Bond Fund is to maximise total return by investing principally in corporate bonds and other interest-bearing securities. Exposure to non sterling denominated assets will typically be hedged back to sterling.
Separately, the Fund may also invest in preference shares, convertibles, other transferable securities and collective investment schemes.
Benchmark
ICE BofA Sterling Corporate Index Net Return in GBP
Benchmark Category
-
IA Sector
£ Corporate Bond
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
Quarterly
Distribution Type
Interest
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
01 December
31 January
01 March
30 April
01 June
31 July
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
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.