Equity

BSF Americas Diversified 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 Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent.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.

Loading

Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart

Reinvestments

This fund does not have any distributions data as of now.
  From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of Mar 31, 2022

4.34 1.23 2.83 0.50 10.23
Benchmark (%)

as of Mar 31, 2022

1.21 2.48 2.38 0.64 0.20
  1Y 3Y 5Y 10y Incept.
8.92 3.72 4.31 - 5.12
Benchmark (%)

as of May 31, 2022

0.29 0.96 1.37 - 0.91
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
1.88 -1.29 0.50 8.92 11.59 23.49 - 60.80
Benchmark (%)

as of May 31, 2022

0.22 0.08 0.17 0.29 2.91 7.02 - 9.03
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Class (Millions) -
Size of Fund (Millions) as of Jun 30, 2022 USD 766.875
Asset Class Alternative
Lipper Classification -
12m Trailing Yield -
Number of Holdings 3842
CUSIP L1050A 66
Fund Inception Date Feb 17, 2012
Share Class Inception Date Nov 28, 2012
Morningstar Category Equity Market Neutral USD
Benchmark Index 3 Month SOFR Compounded in Arrears plus 26.1 basis point spread
SFDR Classification Other
Regulatory Structure UCITS
Net, Including Investment Related Expenses -
Net, Excluding Investment Related Expenses -
Management Company BlackRock (Luxembourg) S.A.
Gross Expense Ratio -
Ongoing Charge 0.19%
Distribution Frequency Accumulating
ISIN LU0849781678
Bloomberg Ticker BSADX2U
Annual Management Fee 0.00%
Max Offer Price -
Initial Charge 0.00%
Open to New Investors Yes
Performance Fee 0.00%
Turnover Percent -
SEDOL B8VYJB0
Bloomberg Benchmark Ticker 1
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment USD 10000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of May 31, 2022 0.31
3y Beta as of May 31, 2022 0.155
5y Volatility - Benchmark as of May 31, 2022 0.30
5y Beta as of May 31, 2022 1.041

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in the research and decision phases of the investment process. This may include relevant, internal ESG research which along with multiple other research insights, informs 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 of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BSF Americas Diversified Equity Absolute Return Fund, Class X2, as of May 31, 2022 rated against 98 Equity Market Neutral USD Funds.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of May 31, 2022
Name Weight (%)
BLACK HILLS CORPORATION 2.49
DTE ENERGY COMPANY 2.19
METLIFE INC 2.06
CMS ENERGY CORPORATION 1.84
BROWN-FORMAN CORPORATION 1.71
Name Weight (%)
TRUIST FINANCIAL CORP 1.60
ILLINOIS TOOL WORKS INC 1.51
AMEREN CORPORATION 1.51
FIRST INDUSTRIAL REALTY TRUST INC 1.49
OGE ENERGY CORPORATION 1.46
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2022

% of Market Value

Type Long Short Net
Sorry, asset classes are not available at this time.
Allocations subject to change.
as of May 31, 2022

% of Market Value

Type Long Short Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
Sorry, maturities are not available at this time.
Sorry, currency data is not available at this time.
Sorry, ratings are not available at this time.
as of May 31, 2022

% of Market Value

Type Long Short 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
X2 USD Accumulating 174.17 0.06 0.03 178.86 160.61 - LU0849781678 - -
I2 Hgd EUR Accumulating 105.79 0.00 0.00 108.67 99.51 - LU1323999489 - -
A2 USD Accumulating 139.35 0.04 0.03 142.90 130.55 - LU0725887540 - -
A2 EUR - 112.74 0.73 0.65 115.82 93.41 - LU1991022069 - -
A2 Hgd EUR Accumulating 123.89 0.00 0.00 127.90 117.07 - LU0725892466 - -
D2 Hgd CHF Accumulating 104.09 0.01 0.01 107.27 98.15 - LU1238068594 - -
I2 USD Accumulating 114.57 0.03 0.03 117.37 107.17 - LU1653088168 - -
D2 USD Accumulating 120.25 0.04 0.03 123.24 112.59 - LU1238068321 - -
A2 Hgd SEK Accumulating 126.80 0.01 0.01 130.56 119.47 - LU0765562458 - -
A2 AUD Accumulating 203.35 -0.83 -0.41 210.01 175.36 - LU0840974975 - -
D2 Hgd EUR Accumulating 129.11 0.00 0.00 132.78 121.47 - LU0725892383 - -
A2 GBP Accumulating 181.78 -0.71 -0.39 185.72 149.44 - LU0784324112 - -
I2 Hgd SEK - 98.85 0.02 0.02 101.51 92.47 - LU1873114208 - -
E2 Hgd EUR Accumulating 98.64 0.00 0.00 101.91 93.64 - LU1266592614 - -
D2 Hgd GBP Accumulating 115.96 0.03 0.03 118.83 108.43 - LU1246651910 - -
I2 Hgd JPY - 10,244.02 1.31 0.01 10,514.61 9,612.95 - LU1791183780 - -

Portfolio Managers

Portfolio Managers

Raffaele Savi
Global Head of BlackRock Systematic and Co-CIO and Co-Head of Systematic Active Equity

Raffaele Savi, Managing Director, is Global Head of BlackRock Systematic and Co-CIO and Co-Head of Systematic Active Equity (SAE).

Travis Cooke
Travis Cooke

Literature

Literature