Multi Asset

BSF BlackRock Systematic Style Factor 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.


Important Information:
Investors must read the Prospectus for any fund in which they wish to invest. Please contact us at the BlackRock Advisors UK Limited-Dubai Branch for the relevant Prospectus.

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.

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Performance

Performance

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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 6 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 0.8 -5.5 -2.6 -23.3 14.2 1.6
Comparator Benchmark 1 (%) 1.1 2.1 2.6 1.1 0.2 2.0

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

  1y 3y 5y 10y Incept.
16.28 9.21 0.51 - 0.71
Comparator Benchmark 1 (%) 5.24 2.21 2.13 - 1.83
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
17.64 1.39 7.13 8.44 16.28 30.26 2.56 - 5.56
Comparator Benchmark 1 (%) 4.49 0.48 1.43 2.82 5.24 6.77 11.13 - 14.89
  From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
From
30-Sep-2022
To
30-Sep-2023
Total Return (%)

as of 30-Sep-2023

2.30 -22.62 3.17 9.43 12.99
Comparator Benchmark 1 (%)

as of 30-Sep-2023

2.64 1.57 0.21 0.98 5.03

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 USD 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 30-Nov-2023 USD 147,921,984
Share Class launch date 29-Feb-2016
Fund Launch Date 29-Feb-2016
Share Class Currency USD
Fund Base Currency USD
Asset Class Multi Asset
Comparator Benchmark 1 3 Month SOFR Compounded in Arrears plus 26.1 basis point spread
Initial Charge 5.00%
Ongoing Charges Figures 1.64%
ISIN LU1352905993
Annual Management Fee 1.10%
Performance Fee 0.00%
Minimum Initial Investment USD 5,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Multistrategy USD
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BSSAA2U
SEDOL BYVJX60

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 21-Sep-2023 AA
MSCI ESG % Coverage as of 21-Sep-2023 65.52
MSCI ESG Quality Score (0-10) as of 21-Sep-2023 7.47
MSCI ESG Quality Score - Peer Percentile as of - -
Fund Lipper Global Classification as of 21-Sep-2023 Absolute Return USD Medium
Funds in Peer Group as of 21-Sep-2023 19
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Sep-2023 7.45
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Sep-2023 28.82
All data is from MSCI ESG Fund Ratings as of 21-Sep-2023, based on holdings as of 28-Feb-2023. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 31-Oct-2023 0.00%
MSCI - UN Global Compact Violators as of 31-Oct-2023 0.00%
MSCI - Nuclear Weapons as of 31-Oct-2023 0.00%
MSCI - Thermal Coal as of 31-Oct-2023 0.00%
MSCI - Civilian Firearms as of 31-Oct-2023 0.00%
MSCI - Oil Sands as of 31-Oct-2023 0.00%
MSCI - Tobacco as of 31-Oct-2023 0.00%

Business Involvement Coverage as of 31-Oct-2023 7.79%
Percentage of Fund not covered as of 31-Oct-2023 5.82%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.02% and for Oil Sands 0.04%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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 includes ESG considerations in the research, selection, monitoring and reporting phases of the investment process. This may include third-party and internal material considerations, as defined by the investment team, of ESG criteria. The Fund manager undergoes a rigorous research phase in the construction of internal ESG research signals, which highlight criteria such as environmental aspects, human capital or management quality. As part of this research, the Fund manager may conduct due diligence on ESG data providers. Once these signals have met the criteria necessary to be incorporated in the portfolio, they are considered, where applicable, as part of the investment decisions on an ongoing basis as part of a broader set of signals. The Fund manager additionally uses standardized ESG criteria (headline ESG ratings, carbon emissions intensity) during the reporting phase. These may be sourced internally or directly from third-party data providers and are featured in internal portfolio analytics. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. 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-related metrics, and other factors.

Risk Indicator

Risk Indicator

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Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BSF BlackRock Systematic Style Factor Fund, Class A2, as of 31-Oct-2023 rated against 190 Multistrategy USD Funds.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A2 USD 105.43 0.09 0.09 30-Nov-2023 106.69 88.32 LU1352905993
Class A4 USD 107.12 0.09 0.08 30-Nov-2023 108.39 89.74 LU1394251976
Class D2 EUR 113.07 0.83 0.74 30-Nov-2023 117.98 95.35 LU1373035317
Class A4 Hedged EUR 93.79 0.07 0.07 30-Nov-2023 94.97 80.21 LU1394254640
Class D2 Hedged GBP 96.35 0.08 0.08 30-Nov-2023 97.48 80.80 LU1572169370
Class D2 Hedged EUR 96.94 0.07 0.07 30-Nov-2023 98.13 82.48 LU1352906298
Class D2 USD 111.40 0.10 0.09 30-Nov-2023 112.70 92.81 LU1373035408
Class A2 Hedged EUR 82.98 0.06 0.07 30-Nov-2023 84.02 70.98 LU1352906025

Portfolio Managers

Portfolio Managers

Philip Hodges
Philip Hodges
He Ren
He Ren

Literature

Literature