BlackRock UK Absolute Alpha Class P Acc
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.50% |
| Annual saving | 0.100% ² |
| Total Expense Ratio | 2.55% |
| Launch date | 31-03-2006 |
| Launch price | £1.00 |
| Sector | Absolute Return |
| Fund size | £592 million |
| Number of holdings | N/a |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Even this fund has struggled in recent months. The sector rotations between commodities and banks has affected short term performance. Returns are still smoother than most conventional funds. The temporary ban on shorting some financial stocks has not materially hit the fund and Mark Lyttleton maintains his core positions with a positive view on oil, gas and telecoms and a negative view on the consumer.
Full research
About the Fund Manager
Mark Lyttleton
Located in: London
Mark Lyttleton joined Merrill Lynch Investment Managers as a graduate, and has over nine years experience with the firm. He specialises in managing funds which invest in the UK stockmarket, which have been designed specifically for private investors, and is Fund Manager of Merrill Lynch UK Dynamic Fund. Mark is also responsible for co-ordinating company research into the property and financials sectors.
Income details
| Running yield | N/a |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 10 January 2008 |
|---|---|
| Payment date ³ | 28 February 2008 |
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Top 10 holdings
| Dolphin Capital Investors Ltd | 2.20% |
|---|---|
| Charter | 1.60% |
| Meggitt | 1.50% |
| William Hill Plc | 1.50% |
| Easyjet | 1.50% |
| Compass Group | 1.30% |
| Kentz Corp Ltd | 1.30% |
| BAE Systems | 1.30% |
| Amlin | 1.30% |
| Firstgroup | 1.20% |
Top 10 sectors
Top 10 sectors currently unavailable.
Top 10 countries
Top 10 countries currently unavailable.
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
As well as investing in shares and other assets, absolute return funds can also use derivatives to take short positions in companies. Therefore the returns depend primarily on the manager’s stock picking skills, not solely on the price of their holdings rising, and the standard analysis of the underlying investments is not applicable.
Last valuation as at 28-11-2008. Data accurate as at [No Data].
