Equity

BSF BlackRock Systematic US Equity Absolute Return Fund

Overview

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.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The strategies utilized by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both 'long' and 'synthetic short' positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Funds. Investors in this fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general stock market trends as both positive and negative share movements affect the overall value of the fund. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

Loading

Performance

Performance

Chart

View full chart

Reinvestments

This product does not have any distributions data as of now.

This chart shows the fund's performance as the percentage loss or gain per year over the last 8 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -1.0 4.4 -0.4 0.9 -3.0 9.2 4.6 7.4
Comparator Benchmark 1 (%) 0.7 1.1 2.1 2.6 1.1 0.2 2.0 5.5

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

  1y 3y 5y 10y Incept.
16.53 8.00 4.35 - 3.60
Comparator Benchmark 1 (%) 5.79 3.29 2.49 - 1.97
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.78 -0.28 2.52 4.81 16.53 25.99 23.73 - 37.11
Comparator Benchmark 1 (%) 2.38 0.48 1.43 2.88 5.79 10.19 13.07 - 18.98
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31-Mar-2024

-0.13 -1.11 8.46 7.26 10.32
Comparator Benchmark 1 (%)

as of 31-Mar-2024

2.38 0.64 0.20 3.09 5.72

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 USD.

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 13-Jun-2024
USD 757,225,109
Fund Launch Date
17-Feb-2012
Fund Base Currency
USD
Comparator Benchmark 1
3 Month SOFR Compounded in Arrears plus 26.1 basis point spread
Ongoing Charges Figures
1.20%
Annual Management Fee
1.00%
Minimum Initial Investment
GBP 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Equity Market Neutral Other
Dealing Frequency
Daily, forward pricing basis
SEDOL
BZ0P8C7
Share Class launch date
01-Jul-2015
Share Class Currency
GBP
Asset Class
Equity
Initial Charge
5.00%
ISIN
LU1246651910
Performance Fee
20.00%
Minimum Subsequent Investment
-
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BSADD2G

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate metrics, and other factors.

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

3 stars
Overall Morningstar Rating for BSF BlackRock Systematic US Equity Absolute Return Fund, Class D2 Hedged, as of 31-May-2024 rated against 70 Equity Market Neutral Other Funds.

Holdings

Holdings

as of 31-May-2024
Name Weight (%)
MASTERCARD INC 3.49
MARSH & MCLENNAN COMPANIES INC 2.33
TE CONNECTIVITY LTD 2.25
KIMBERLY-CLARK CORPORATION 2.10
DEVON ENERGY CORPORATION 1.95
Name Weight (%)
EOG RESOURCES INC 1.93
LAM RESEARCH CORPORATION 1.91
MURPHY OIL CORPORATION 1.87
CMS ENERGY CORPORATION 1.80
PROGRESSIVE CORPORATION (THE) 1.73
Holdings subject to change

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 Hedged GBP 138.11 -0.50 -0.36 13-Jun-2024 139.87 119.01 LU1246651910
Class A2 Hedged EUR 143.38 -0.54 -0.38 13-Jun-2024 145.53 125.45 LU0725892466
Class D2 USD 145.59 -0.54 -0.37 13-Jun-2024 147.17 125.52 LU1238068321
Class D2 Hedged EUR 150.03 -0.57 -0.38 13-Jun-2024 152.14 131.06 LU0725892383
Class A2 EUR 130.62 0.07 0.05 13-Jun-2024 133.80 109.60 LU1991022069
Class A2 GBP 208.03 0.22 0.11 13-Jun-2024 217.88 177.28 LU0784324112
Class A2 USD 166.94 -0.62 -0.37 13-Jun-2024 168.87 144.85 LU0725887540

Portfolio Managers

Portfolio Managers

Raffaele Savi
Raffaele Savi
Travis Cooke

Travis Cooke, CFA, Managing Director, is Head of North American strategies within BlackRock’s Systematic investment team. In his current role, Mr. Cooke is responsible for US and Canadian long-only and long-short strategies for retail and institutional clients.

Literature

Literature