Equity

BlackRock UK Equity Fund

  • Bid price as of 21/Nov/2024 GBP 1.48
  • Offer price as of 21/Nov/2024 GBP 1.49

Overview

Investment Approach

The Fund aims to provide a return on your investment (generated through an increase to the value of the assets held by the Fund and/or income received from those assets). The Fund will invest at least 80% of its total assets in the equity securities (e.g. shares) of United Kingdom companies. The Fund may invest in all economic sectors within the United Kingdom. The Fund is actively managed and the investment adviser has discretion to select the Fund's investments and in doing so may take into consideration the FTSE All-Share TR Index.

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 currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Show Less
Loading

Performance

Performance

Chart

View full chart

This chart shows the fund's performance as the percentage loss or gain per year over the last 3 years.

  2019 2020 2021 2022 2023
Total Return (%) 15.4 -5.2 13.1
Constraint Benchmark 1 (%) 18.3 0.3 7.9

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

  1y 3y 5y 10y Incept.
Total Return (%) 17.56 6.02 - - 9.76
Constraint Benchmark 1 (%) 16.30 6.18 - - 10.50
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 7.92 -0.83 -2.01 3.17 17.56 19.17 - - 49.39
Constraint Benchmark 1 (%) 8.05 -1.64 -2.47 1.81 16.30 19.72 - - 53.75
  From
30-Sept-2019
To
30-Sept-2020 		From
30-Sept-2020
To
30-Sept-2021 		From
30-Sept-2021
To
30-Sept-2022 		From
30-Sept-2022
To
30-Sept-2023 		From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

- 22.23 -9.46 18.17 13.13
Constraint Benchmark 1 (%)

as of 30/Sept/2024

- 27.89 -4.00 13.84 13.40

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in GBP, hedged share class benchmark performance is displayed in GBP.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund
as of 21/Nov/2024
GBP 329,013,029
Fund Launch Date
15/Oct/1971
Fund Base Currency
GBP
Constraint Benchmark 1
FTSE All-Share Index
Initial Charge
0.00%
Management Fee
0.45%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLUKEDI
Ongoing Charges Figure ex. Discount
0.47%
Share Class launch date
09/Jul/2020
Share Class Currency
GBP
Asset Class
Equity
Investment Association Category
UK All Companies
Ongoing Charges Figures
0.47%
ISIN
GB00BFK3MR48
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFK3MR4
The Ongoing Charge may be discounted depending on the size of the fund.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
128
3y Beta
as of 31/Oct/2024
0.984
P/B Ratio
as of 31/Oct/2024
2.08
Standard Deviation (3y)
as of 31/Oct/2024
11.68%
P/E Ratio
as of 31/Oct/2024
16.62

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
ASTRAZENECA PLC 7.37
RELX PLC 7.15
SHELL PLC 6.19
COMPASS GROUP PLC 5.49
3I GROUP PLC 5.07
Name Weight (%)
LONDON STOCK EXCHANGE GROUP PLC 4.83
NEXT PLC 4.13
RIO TINTO PLC 3.40
STANDARD CHARTERED PLC 3.40
PEARSON PLC 3.06
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
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 Bid Price Offer Price ISIN
Class DI GBP 1.48 1.49 GB00BFK3MR48
Class I GBP 106.70 107.41 GB0005803530
Class I GBP 25.78 25.95 GB0005803316
Class D GBP 100.39 101.07 GB00B410CR74
Class D GBP 25.78 25.96 GB00B669PN06
Class DI GBP 1.34 1.35 GB00BFK3MS54

Portfolio Managers

Portfolio Managers

Luke Chappell
Luke Chappell
Adam Avigdori
Adam Avigdori

Managing Director, and portfolio manager is Deputy Head of BlackRock's UK Equity Team within BlackRock's Fundamental Equities. He has been a portfolio manager since 2005, originally running private unit trusts. Mr. Avigdori was appointed co-manager of the Blackrock UK Income strategies in 2009 and the UK Charities strategies in 2015.
Mr. Avigdori additionally represents EMEA on the Fundamental Equities Sustainable Steering Committee and is a member of the EMEA Talent Committee.
Mr Avigdori's service with the firm dates back to 2001, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr Avigdori earned a BSc (Hons) in Management Sciences from UMIST (University of Manchester Institute of Science and Technology) in 2001.

Read More

Adam Avigdori, Managing Director, and portfolio manager is Deputy Head of BlackRock's UK Equity Team within BlackRock's Fundamental Equities. He has been a portfolio manager since 2005, originally running private unit trusts. Mr. Avigdori was appointed co-manager of the Blackrock UK Income strategies in 2009 and the UK Charities strategies in 2015.
Mr. Avigdori additionally represents EMEA on the Fundamental Equities Sustainable Steering Committee and is a member of the EMEA Talent Committee.
Mr Avigdori's service with the firm dates back to 2001, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr Avigdori earned a BSc (Hons) in Management Sciences from UMIST (University of Manchester Institute of Science and Technology) in 2001.

Matthew Betts
Matthew Betts
Samantha Brownlee
Samantha Brownlee

 

CFA, Director and portfolio manager, sits within BlackRock's Fundamental Equities team. She is co-Portfolio Manager on the UK +2% and Focus strategies, as well as the Social Action strategy.

Read More

Samantha Brownlee, CFA, Director and portfolio manager, sits within BlackRock's Fundamental Equities team. She is co-Portfolio Manager on the UK +2% and Focus strategies, as well as the Social Action strategy. Sam is passionate about sustainable investing, and she has experience in products with explicit sustainable overlays. Prior to joining BlackRock in 2022, Sam spent 14 years at Abrdn as a research analyst and fund manager investing in European, US and UK equity markets. Sam earned an MA degree in Archaeology and a Bachelor of Laws both from the University of Edinburgh. She is a CFA charter holder.

David Goldman
David Goldman

CFA, Director and portfolio manager, is a member of BlackRock's UK Equity Team within BlackRock's Fundamental Equities. Mr Goldman is responsible for the UK Income and Charity portfolios.
Mr. Goldman's service with the firm dates back to 2004, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Goldman held a variety of positions on both the UK equity team and in the fixed income division. Mr. Goldman began his investment career with MLIM in 2004 as a member of the investment training program.
Mr. Goldman earned a BSc degree, with first class honours, in economics from Bristol University in 2004.

Read More

David Goldman, CFA, Director and portfolio manager, is a member of BlackRock's UK Equity Team within BlackRock's Fundamental Equities. Mr Goldman is responsible for the UK Income and Charity portfolios.
Mr. Goldman's service with the firm dates back to 2004, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Goldman held a variety of positions on both the UK equity team and in the fixed income division. Mr. Goldman began his investment career with MLIM in 2004 as a member of the investment training program.
Mr. Goldman earned a BSc degree, with first class honours, in economics from Bristol University in 2004.

Literature

Literature