Equity

BlackRock Systematic Global Long/Short Equity 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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  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) -0.81 -5.24 11.70 1.04 -0.60 0.00 3.27 0.72
Comparator Benchmark 1 (%) 0.05 0.33 0.86 1.87 2.28 0.67 0.05 1.46
  1Y 3Y 5Y 10y Incept.
2.24 1.39 1.45 - 1.33
Comparator Benchmark 1 (%) 1.78 0.78 1.30 - 0.97
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
1.98 1.98 5.62 4.67 2.24 4.24 7.46 - 11.29
Comparator Benchmark 1 (%) 0.31 0.31 1.00 1.57 1.78 2.37 6.68 - 8.13
  From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of Dec 31, 2022

1.04 -0.60 0.00 3.27 0.72
Comparator Benchmark 1 (%)

as of Dec 31, 2022

1.87 2.28 0.67 0.05 1.46
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

Net Assets of Fund as of Feb 8, 2023 USD 37,053,862
Share Class Inception Date Dec 17, 2014
Fund Inception Date Jun 2, 2014
Share Class Currency USD
Base Currency USD
Asset Class Equity
Comparator Benchmark 1 ICE BofA 3-MO US Treasury Bill (G0O1)
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 1.67%
Annual Management Fee 1.20%
Performance Fee 0.00%
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 0
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Equity Market Neutral USD
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGLSD2U
ISIN LU1153525040
SEDOL BTF8131

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 31, 2023 3780
Standard Deviation (3y) as of Jan 31, 2023 5.27%
P/E Ratio as of Jan 31, 2023 11.81
P/B Ratio as of Jan 31, 2023 1.20

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 Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jul 12, 2022)

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jan 31, 2023
Name Weight (%)
ALPHABET INC 2.33
EBAY INC 1.53
FOX CORP 1.51
ENGIE SA 1.40
TSURUHA HOLDINGS INC 1.36
Name Weight (%)
TERADYNE INC 1.35
RALPH LAUREN CORP 1.30
MICROSOFT CORPORATION 1.24
LOWES COMPANIES INC 1.23
MOODYS CORPORATION 1.20
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2023

% of Market Value

Type Fund
as of Jan 31, 2023

% of Market Value

Type Fund
as of Jun 30, 2016

% of Market Value

Type Fund
as of Jan 31, 2023

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
D2 USD Accumulating 111.29 -0.18 -0.16 Feb 8, 2023 111.51 104.76 LU1153525040 -
A2 Hgd EUR Accumulating 92.88 -0.16 -0.17 Feb 8, 2023 94.41 88.64 LU1162516717 -
C2 USD Accumulating 97.72 -0.16 -0.16 Feb 8, 2023 98.07 92.59 LU1153524746 -
Class J5 USD Quarterly 116.37 -0.19 -0.16 Feb 8, 2023 116.59 109.55 LU1069250626 -
D2 Hgd GBP Accumulating 106.97 -0.18 -0.17 Feb 8, 2023 107.18 101.11 LU1103452089 -
A2 Hgd SEK Accumulating 943.84 -1.62 -0.17 Feb 8, 2023 953.72 899.05 LU1122056838 -
A2 USD Accumulating 110.53 -0.18 -0.16 Feb 8, 2023 110.75 104.30 LU1069250113 -
X2 USD Accumulating 132.43 -0.20 -0.15 Feb 8, 2023 132.65 123.91 LU1069250386 -
E2 Hgd EUR Accumulating 92.16 -0.16 -0.17 Feb 8, 2023 94.15 88.14 LU1069251277 -
Class AI2 Hedged EUR - 93.81 -0.16 -0.17 Feb 8, 2023 95.31 89.49 LU2008562360 -
D2 Hgd EUR Accumulating 101.46 -0.17 -0.17 Feb 8, 2023 102.52 96.57 LU1069250972 -

Portfolio Managers

Portfolio Managers

Kevin Franklin
Scientific Active Equity Investment Group
Andrew Huzzey
Andrew Huzzey

Literature

Literature