← All funds
OEIC
BlackRock European Absolute Alpha Fund
Managed by BlackRock Fund Managers Ltd
Latest factsheet
Jul 2026
Fund size
£91.2m
Yearly charge
0.92%
Manager fee
0.75%
Income yield
–
Holdings
122
Launched
31 Mar 2009
The Fund aims to achieve positive absolute returns on your investment (i.e. an increase in the overall value of the Fund) over a period of 12 months regardless of market conditions. As such, the Fund will not be managed against any European equity index. 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.
Tom Lemaigre (Portfolio Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | -3.30% | – | +0.33% | – |
| 3M | -0.35% | – | +0.97% | – |
| 6M | -3.60% | – | +1.93% | – |
| YTD | -1.39% | – | +2.26% | – |
| 1Y | +0.82% | – | +4.02% | – |
| 3Y | +4.40% | – | +4.77% | – |
| 5Y | +3.10% | – | +3.67% | – |
| Since launch | +4.15% | – | +1.48% | – |
Calendar-year performance
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| -5.18% | +5.00% | +4.83% | +2.91% | +9.92% | +8.59% | -2.74% | +6.68% | +7.53% | +1.19% |
Top holdings · top 10: 17.09%
| # | Holding | Weight | |
|---|---|---|---|
| 1 | ASR NEDERLAND NV | 2.39% | |
| 2 | UNICREDIT SPA | 1.93% | |
| 3 | LLOYDS BANKING GROUP PLC | 1.85% | |
| 4 | ABN AMRO BANK NV | 1.68% | |
| 5 | SAFRAN SA | 1.66% | |
| 6 | NOVOZYMES A/S | 1.63% | |
| 7 | AIB GROUP PLC | 1.57% | |
| 8 | DAIMLER TRUCK HOLDING AG | 1.54% | |
| 9 | ASM INTERNATIONAL NV | 1.51% | |
| 10 | NN GROUP NV | 1.33% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| Class D British Pound | GB00B4Y62W78 | – | acc | – | 0.75% | 0.92% | – |
| – | GB00B4Y62T40 | – | – | – | – | – | – |
| – | GB00BFK3LQ65 | – | – | – | – | – | – |
| – | GB00BRTCT204 | – | – | – | – | – | – |
| – | GB00BV4B0T47 | – | – | – | – | – | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 23 Aug 2026 |
| Jun 2026 | View original factsheet ↗ | 2 Aug 2026 |