BlackRock European Absolute Alpha Class D Acc

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

Performance

Discrete performance - to last month end

31/03/20
to
31/03/21
31/03/21
to
31/03/22
31/03/22
to
31/03/23
31/03/23
to
31/03/24
31/03/24
to
31/03/25
Fund 1.9% 10.8% 0.0% 12.5% -0.9%
Sector 10.1% 2.5% 0.3% 6.3% 4.7%
Rank 58/62 4/64 35/70 7/70 67/71
Quartile 4 1 2 1 4

Annualised performance

Annualised
3 Years to
31/03/25
5 Years to
31/03/25
10 Years to
31/03/25
Fund 3.7% 4.7% 4.2%
Sector 3.7% 4.7% 2.4%
Rank 26/70 30/62 10/43
Quartile 2 2 1

Top 10 Holdings

Stock % Weight
MIZUHO BANK LTD (LONDON BRANCH) 6.62
OMERS FINANCE TRUST 5.66
PSP CAPITAL INC 4.73
SUMITOMO MITSUI TRUST BANK LTD (LO 4.47
ANTALIS SA 4.39
TOYOTA MOTOR FINANCE (NETHERLANDS) 3.13
MTU AERO ENGINES AG 2.99
LINDE PUBLIC LIMITED COMPANY 2.92
COMMONWEALTH BANK OF AUSTRALIA (LO 2.82
NOVO NORDISK A/S 2.70
Total 40.41

Fund Aims

BlackRock European Absolute Alpha Fund seeks to achieve a positive absolute return for investors and, as such, the Fund will not be managed against any European equity index. The Fund will seek to achieve this investment objective by taking long positions and using derivatives to take synthetic long and synthetic short investment positions. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund’s capital is at risk. The Fund primarily aims to gain investment exposure to equities and equity-related securities of, or giving exposure to, companies incorporated or listed in the European Economic Area and Switzerland. In order to gain this exposure, the Fund invests primarily in derivatives, equities and equity-related securities and, when determined appropriate, cash and near cash. The Fund may also invest in other transferable securities, permitted money-market instruments, permitted deposits and units in collective investment schemes.

Fund Manager

Stefan Gries manager for 11 years and 9 months

Photo of Stefan Gries Stefan Gries, Director, is the co-portfolio manager of Continental European funds and European Absolute Return portfolios. He is a member of the European Equity team within the Fundamental Equity division of BlackRock’s Active Equity Group. Prior to joining Blackrock in 2008, Mr Gries spent 2 years at Scottish Widows Investment Partnership where he completed a 2 year graduate program. Since joining BlackRock, he has worked both as a portfolio manager and as an analyst covering, at various times, energy, pharmaceuticals and insurance on behalf of the European Equity team. Mr Gries earned an MA in Economics & Spanish from the University of St. Andrews in 2005.

David Tovey manager for 7 years and 9 months

Photo of David Tovey David Tovey, CFA, Director and portfolio manager is a member of BlackRock's European equity team within BlackRock's Alpha Strategies group. He manages the BGF Swiss Small & Mid-Cap Opportunities Fund, the BlackRock Aletsch Fund, BSF European Opportunities Extension Fund, and is a co-manager of the BSF European Absolute Return Fund. Mr. Tovey's service with the firm dates back to 1998, when he joined the graduate programme of Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Tovey initially worked as an analyst on the US Small Cap team before joining the European Specialist team in September 1999, which joined the European Equity team in 2013. Mr. Tovey earned a BSc degree in economics from Warwick University in 1998.

Fund Overview

Bid (03/04/2025) 188.97p
Offer (03/04/2025) 189.05p
Historic yield 2.54%
Fund size (31/01/2025) £316.57m
Number of holdings 470
Entry Charge 0.00%
Ongoing Charges 0.91%
Launch date 31/03/2009

Asset Allocation

pie chart
  Cash and Equivalents 39.29%
  International Equities 10.01%
  Money Market 9.23%
  International Bonds 4.47%
  UK Corporate Bonds 4.07%
  Alternative Trading Strategies 0.33%
  UK Equities 0.25%
  Other Assets 32.36%
Portfolio data accurate as at: 31/01/25

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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.