Multi Asset

Armed Forces Common Investment Fund

  • Bid price as of 06/Dec/2019 GBP 2.12
  • Offer price as of 06/Dec/2019 GBP 2.13
  • Morningstar Rating

Overview

Investment Approach

From 4 December 2019 this fund is no longer available for investment.
The Fund aims to achieve a return over the long term on your investment, through a combination of capital growth and income on the Fund’s assets. The Fund invests mainly in equity securities (e.g. shares) and fixed income (FI) securities (such as bonds). The Fund's investments (both direct and indirect) in FI securities and money market instruments (i.e. debt securities with short term maturities) may be issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development).

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

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Performance

Performance

Chart

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Distributions

Ex-Date Total Distribution
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Ex-Date Total Distribution
For more information: 0800 445 522 • www.blackrock.com • investor.services@blackrock.com

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 6.9 5.1 12.7 13.4 -6.6
Benchmark (%) 7.1 1.9 18.5 12.5 -3.9

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
30-Sept-2014
To
30-Sept-2015 		From
30-Sept-2015
To
30-Sept-2016 		From
30-Sept-2016
To
30-Sept-2017 		From
30-Sept-2017
To
30-Sept-2018 		From
30-Sept-2018
To
30-Sept-2019
Total Return (%)

as of 30/Sept/2019

3.45 15.65 11.64 5.96 4.75
Benchmark (%)

as of 30/Sept/2019

0.21 19.93 11.19 6.48 6.59
  1y 3y 5y 10y Incept.
Total Return (%) 10.82 8.32 7.41 8.42 8.07
Benchmark (%) 10.02 8.23 8.01 8.77 8.02
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 15.82 2.96 1.27 5.43 10.82 27.11 42.97 124.48 281.51
Benchmark (%) 13.32 1.38 1.13 5.82 10.02 26.78 47.03 131.85 278.42

Key Facts

Key Facts

Net Assets of Fund
as of 06/Dec/2019
GBP 350,718,912
Fund Launch Date
28/Aug/2002
Fund Base Currency
GBP
Benchmark Index
30% MSWXUKGBPN / FTULALGBP / 10% IPDABINX / GBP3MLIBK / 20% BSTRGILTS (GBP)
Initial Charge
0.00%
Management Fee
0.40%
Performance Fee
-
Use of Income
Distributing
Regulatory Structure
PRIIPs KID Required
Morningstar Category
GBP Allocation 80%+ Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
3178216
Share Class launch date
02/Sept/2002
Share Class Currency
GBP
Asset Class
Multi Asset
Investment Association Category
-
Ongoing Charges Figures
0.47%
ISIN
GB0031782161
Distribution Frequency
Daily
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRAFCII

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Dec/2019
2
Standard Deviation (3y)
as of 30/Nov/2019
7.15%
P/E Ratio
as of 31/Oct/2024
0.00
Yield to Maturity
as of 31/Oct/2024
6.16
Effective Duration
as of 31/Oct/2024
0.00
12 Month Trailing Dividend Distribution Yield
as of 31/Jan/2018
3.54
3y Beta
as of 30/Nov/2019
1.084
P/B Ratio
as of 31/Oct/2024
0.00
Modified Duration
as of 31/Oct/2024
0.00
Weighted Avg Maturity
as of 31/Oct/2024
0.00

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Armed Forces Common Investment Fund, Income, as of 30/Nov/2019 rated against 404 GBP Allocation 80%+ Equity Funds.

Holdings

Holdings

as of 31/May/2016
Name Weight (%)
BPF - UK Property DIST UTS 9.95
BIBF - All Stocks Corporate Bond 4.72
ISHARES MSCI EMERGING MARKETS UCIT 4.61
STONE HARBOR INV EMG MKT DEBT I DI 3.55
BGF European Equity Income Fund 3.01
Name Weight (%)
BRITISH AMERICAN TOBACCO PLC 2.79
ASTRAZENECA PLC 2.46
LLOYDS BANKING GROUP PLC 2.35
MSCI EMER MKT MIN JUN 16 2.34
UNILEVER PLC 2.21
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, geographic exposures are not available at this time.
as of 29/Jul/2016

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
Sorry, maturities are not available at this time.
Sorry, ratings are not available at this time.
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency Bid Price Offer Price ISIN
Income GBP Daily 2.12 2.13 GB0031782161
Class Acc GBP None 3.76 3.78 GB0031781080

Portfolio Managers

Portfolio Managers

Conan McKenzie
Conan McKenzie
CFA, Managing Director and portfolio manager

Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group.

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Conan McKenzie, CFA, Managing Director and portfolio manager, Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group. Within Diversified Strategies, Mr. McKenzie is involved in managing both benchmarked and outcome oriented funds. As with Mr. Ryan, Mr. McKenzie has portfolio management responsibilities across the charities funds and DDG. Conan has been a portfolio manager on the charities funds since April 2013. He also leads the team's ESG research agenda that drives the potential for ESG-related thematic investments, as well as alternative investment opportunities and third party manager research.

Mr. McKenzie holds a MA degree in History & Politics from the University of Oxford, and is a CFA Charterholder. His service with the firm dates back to 2011.

Adam Ryan
Adam Ryan
Managing Director and portfolio manager

Head of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group, which is responsible for developing, assembling and managing investment strategies involving multiple asset classes.

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Adam Ryan, Managing Director and portfolio manager, is Head of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group, which is responsible for developing, assembling and managing investment strategies involving multiple asset classes. Mr. Ryan is the lead portfolio manager of the charities funds; Charities Growth & Income Fund, Armed Forces Common Investment Fund and Charifaith Common Investment Fund. Adam is also the lead portfolio manager of the BlackRock Dynamic Diversified Growth (DDG) strategy.

Mr Ryan's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. His background is in fixed income portfolio management where he was Head of Fixed Income for MLIM's Private Client business before developing and managing diversified multi-asset portfolios for both private and institutional clients.

Mr. Ryan earned a BA degree with honours in engineering from Cambridge University in 1991.

Literature

Literature