Equity

BSF BlackRock Systematic Global 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.

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

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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -0.81 -5.24 11.70 1.04 -0.60 0.00 3.27 0.72 10.68
Comparator Benchmark 1 (%) 0.05 0.33 0.86 1.87 2.28 0.67 0.05 1.46 5.01

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

  1Y 3Y 5Y 10y Incept.
23.46 8.02 4.96 - 3.49
Comparator Benchmark 1 (%) 5.40 3.03 2.16 - 1.58
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
14.89 3.28 5.69 14.89 23.46 26.03 27.41 - 38.76
Comparator Benchmark 1 (%) 2.63 0.41 1.32 2.63 5.40 9.37 11.26 - 16.18
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of Jun 30, 2024

0.73 0.36 -3.06 5.30 23.46
Comparator Benchmark 1 (%)

as of Jun 30, 2024

1.63 0.09 0.17 3.59 5.40
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 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 Jul 19, 2024
USD 22,809,998
Fund Inception Date
Jun 2, 2014
Base Currency
USD
Comparator Benchmark 1
ICE BofA 3-MO US Treasury Bill (G0O1)
Initial Charge
5.00%
ISIN
LU1153525040
Performance Fee
0.00%
Minimum Subsequent Investment
USD 0
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGLSD2U
Share Class Inception Date
Dec 17, 2014
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charge
1.67%
Annual Management Fee
1.20%
Minimum Initial Investment
USD 100000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Equity Market Neutral USD
Dealing Frequency
Daily, forward pricing basis
SEDOL
BTF8131

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jun 28, 2024
2215
P/E Ratio
as of Jun 28, 2024
-0.81
Standard Deviation (3y)
as of Jun 30, 2024
5.31%
P/B Ratio
as of Jun 28, 2024
0.04

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.

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BSF BlackRock Systematic Global Equity Absolute Return Fund, Class D2, as of Jun 30, 2024 rated against 100 Equity Market Neutral USD Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jul 27, 2023)

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
MANHATTAN ASSOCIATES INC 1.68
REINSURANCE GROUP OF AMERICA INCORPORATED 1.48
A2A SPA 1.42
COLGATE-PALMOLIVE CO 1.24
SOFINA SA 1.19
Name Weight (%)
LAM RESEARCH CORPORATION 1.16
VERISIGN INC 1.14
VISA INC 1.11
TOKYO TATEMONO CO. LTD. 1.11
MICROSOFT CORPORATION 1.09
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jun 28, 2024

% of Market Value

Type Fund
as of Jun 28, 2024

% of Market Value

Type Fund
as of Jun 30, 2016

% of Market Value

Type Fund
as of Jun 28, 2024

% of Market Value

Type Fund
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
D2 USD 139.30 -0.92 -0.66 Jul 19, 2024 140.22 111.82 LU1153525040
I2 Hgd EUR 116.63 -0.77 -0.66 Jul 19, 2024 117.40 94.83 LU1139081738
C2 USD 119.51 -0.80 -0.66 Jul 19, 2024 120.31 97.35 LU1153524746
X2 USD 169.28 -1.11 -0.65 Jul 19, 2024 170.39 134.13 LU1069250386
A2 Hgd EUR 112.17 -0.75 -0.66 Jul 19, 2024 112.92 91.93 LU1162516717
A2 USD 137.10 -0.91 -0.66 Jul 19, 2024 138.01 110.70 LU1069250113
A2 Hgd SEK 1,139.79 -7.70 -0.67 Jul 19, 2024 1,147.49 934.64 LU1122056838
D2 Hgd GBP 133.03 -0.87 -0.65 Jul 19, 2024 133.90 107.01 LU1103452089
D2 Hgd EUR 123.59 -0.82 -0.66 Jul 19, 2024 124.41 100.74 LU1069250972
Class AI2 Hedged EUR 113.20 -0.75 -0.66 Jul 19, 2024 113.95 92.76 LU2008562360
Class J5 USD 145.60 -0.96 -0.66 Jul 19, 2024 146.56 116.92 LU1069250626
E2 Hgd EUR 110.48 -0.73 -0.66 Jul 19, 2024 111.21 90.97 LU1069251277

Portfolio Managers

Portfolio Managers

Kevin Franklin
Scientific Active Equity Investment Group
Andrew Huzzey
Andrew Huzzey

Literature

Literature