BlackRock Corporate Bond Class D Acc

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

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 4.0% 5.8% -7.5% -5.5% 3.5%
Sector 5.3% 4.9% -7.3% -6.6% 5.5%
Rank 61/87 22/92 44/92 29/95 88/97
Quartile 3 1 2 2 4

Annualised performance

Annualised
3 Years to
30/04/24		 5 Years to
30/04/24		 10 Years to
30/04/24
Fund -3.3% -0.1% 2.6%
Sector -3.0% 0.2% 2.3%
Rank 48/92 45/87 15/69
Quartile 3 3 1

Top 10 Holdings

Stock % Weight
4½% Treasury Gilt 2028 5.59
TIME WARNER CABLE LLC 5.75 06/02/2031 2.93
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 Edwards manager for 11 years and 11 months

Photo of Ben Edwards 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) 348.93p
Offer (03/05/2024) 350.36p
Distribution yield 4.48%
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

pie chart
  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

pie chart
  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

pie chart
  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

pie chart
  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 B4QC331
Mex Code MYRPOR
Isin Code GB00B4QC3311
Citi Code 00PB

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 Crown Rating of 1

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.