Equity

BSF European Opportunities Extension 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.

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

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

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

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 46.73 6.32 21.38 -8.50 34.14 16.30 51.84 -25.58 23.38
Constraint Benchmark 1 (%) 10.85 3.05 12.00 -10.60 27.77 -1.45 25.14 -11.18 16.29

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

  1Y 3Y 5Y 10y Incept.
16.09 9.22 13.87 - 16.17
Constraint Benchmark 1 (%) 11.61 7.43 8.05 - 7.19
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
6.08 -2.97 4.66 22.05 16.09 30.31 91.44 - 336.20
Constraint Benchmark 1 (%) 6.58 -0.78 5.24 18.54 11.61 23.98 47.30 - 97.94
  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 Mar 31, 2024

-5.76 51.31 22.21 -3.38 22.53
Constraint Benchmark 1 (%)

as of Mar 31, 2024

-13.53 39.51 8.38 2.47 15.22
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.

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 EUR, hedged share class benchmark performance is displayed in EUR.

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 May 22, 2024 EUR 726,644,475
Share Class Inception Date Jul 2, 2014
Fund Inception Date Aug 31, 2007
Share Class Currency EUR
Base Currency EUR
Asset Class Equity
Constraint Benchmark 1 S&P Europe BMI Index (EUR)
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 0.07%
ISIN LU1083780855
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 10000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Europe Flex-Cap Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BREDX2E
SEDOL BNN83V3

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Apr 30, 2024 144
Standard Deviation (3y) as of Apr 30, 2024 19.93%
3y Beta as of Apr 30, 2024 1.155
P/E Ratio as of Apr 30, 2024 27.31
P/B Ratio as of Apr 30, 2024 6.13

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 combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. 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-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for BSF European Opportunities Extension Fund, Class X2, as of Apr 30, 2024 rated against 453 Europe Flex-Cap Equity Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Apr 30, 2024
Name Weight (%)
NOVO NORDISK A/S 8.55
ASML HOLDING NV 4.63
SHELL PLC 4.35
SCHNEIDER ELECTRIC SE 3.22
LINDE PLC 3.19
Name Weight (%)
LVMH MOET HENNESSY LOUIS VUITTON SE 3.15
RELX PLC 3.02
HERMES INTERNATIONAL SCA 2.86
UNICREDIT SPA 2.70
ASR NEDERLAND NV 2.56
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 30, 2024

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2024

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2024

% of Market Value

Type Fund Benchmark 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
X2 EUR 449.47 1.43 0.32 May 22, 2024 450.70 352.45 LU1083780855
A4 GBP 549.75 -0.24 -0.04 May 22, 2024 555.23 446.27 LU0313923905
Class D3G EUR 234.79 0.75 0.32 May 22, 2024 235.82 186.83 LU1244156755
A2 EUR 652.61 2.06 0.32 May 22, 2024 653.19 517.24 LU0313923228
D4 GBP 574.18 -0.25 -0.04 May 22, 2024 577.53 464.92 LU0827973438
I2 EUR 366.65 1.16 0.32 May 22, 2024 366.65 289.47 LU1055043068
E2 EUR 613.99 1.93 0.32 May 22, 2024 616.89 487.90 LU0418790928
D2 EUR 685.25 2.17 0.32 May 22, 2024 685.25 541.81 LU0418791066

Portfolio Managers

Portfolio Managers

Stephanie Bothwell
Stephanie Bothwell
Christopher Sykes
Christopher Sykes

Literature

Literature