Equity

BSF Systematic ESG World 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. 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 fund utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.

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 (%) 5.90 24.17 -10.03 27.48 17.69 23.15 -19.70 25.84
Target Benchmark 1 (%) 7.51 22.40 -8.71 27.67 15.90 21.82 -18.14 23.79

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

  1Y 3Y 5Y 10y Incept.
23.49 7.55 12.61 - 10.76
Target Benchmark 1 (%) 20.19 6.86 11.78 - 10.47
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
14.09 3.68 4.79 14.09 23.49 24.39 81.11 - 147.43
Target Benchmark 1 (%) 11.75 2.03 2.63 11.75 20.19 22.02 74.48 - 141.64
  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

3.10 41.23 -16.12 20.08 23.49
Target Benchmark 1 (%)

as of Jun 30, 2024

2.84 39.04 -14.34 18.51 20.19
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 12, 2024
USD 1,464,383,592
Fund Inception Date
Aug 20, 2015
Base Currency
USD
Target Benchmark 1
MSCI World Net TR Index (EUR)
Initial Charge
5.00%
ISIN
LU1254583351
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
ERDG GR
Share Class Inception Date
Aug 20, 2015
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Article 8
Ongoing Charge
1.03%
Annual Management Fee
0.80%
Minimum Initial Investment
USD 5000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Large-Cap Blend Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BYMXVW3

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jun 28, 2024
392
3y Beta
as of Jun 30, 2024
0.922
P/B Ratio
as of Jun 28, 2024
3.29
Standard Deviation (3y)
as of Jun 30, 2024
16.25%
P/E Ratio
as of Jun 28, 2024
22.74

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 Jun 21, 2024
AA
MSCI ESG Quality Score (0-10)
as of Jun 21, 2024
7.31
Fund Lipper Global Classification
as of Jun 21, 2024
Equity Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Jun 21, 2024
33.41
MSCI ESG % Coverage
as of Jun 21, 2024
97.81
MSCI ESG Quality Score - Peer Percentile
as of Jun 21, 2024
70.50
Funds in Peer Group
as of Jun 21, 2024
5,620
MSCI Weighted Average Carbon Intensity % Coverage
as of Jun 21, 2024
97.73
All data is from MSCI ESG Fund Ratings as of Jun 21, 2024, based on holdings as of Jan 31, 2024. 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 Jun 28, 2024
0.00%
MSCI - Nuclear Weapons
as of Jun 28, 2024
0.00%
MSCI - Civilian Firearms
as of Jun 28, 2024
0.00%
MSCI - Tobacco
as of Jun 28, 2024
0.00%
MSCI - UN Global Compact Violators
as of Jun 28, 2024
0.00%
MSCI - Thermal Coal
as of Jun 28, 2024
0.00%
MSCI - Oil Sands
as of Jun 28, 2024
0.00%

Business Involvement Coverage
as of Jun 28, 2024
100.00%
Percentage of Fund not covered
as of Jun 28, 2024
0.01%
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 0.24% and for Oil Sands 1.92%.

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 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

5 stars
Overall Morningstar Rating for BSF Systematic ESG World Equity Fund, Class A2, as of Jun 30, 2024 rated against 4694 Global Large-Cap Blend Equity Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
MICROSOFT CORPORATION 5.44
APPLE INC 5.35
NVIDIA CORPORATION 5.31
ALPHABET INC 3.64
AMAZON.COM INC 3.47
Name Weight (%)
META PLATFORMS INC 1.35
MASTERCARD INC 1.27
JOHNSON & JOHNSON 1.27
HOME DEPOT INC 1.25
CHEVRON CORP 1.16
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 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
A2 USD 252.90 -0.84 -0.33 Jul 12, 2024 253.74 185.52 LU1254583351
I2 EUR 126.84 -0.53 -0.42 Jul 12, 2024 127.37 99.77 LU2701018520
D2 EUR 267.98 -1.12 -0.42 Jul 12, 2024 269.10 201.54 LU1254583435
I2 Hgd EUR 211.29 -0.70 -0.33 Jul 12, 2024 211.99 156.46 LU1538851418
I2 JPY 36,763.08 -183.51 -0.50 Jul 12, 2024 37,264.53 25,317.98 LU1278844557
E2 EUR 262.61 -1.11 -0.42 Jul 12, 2024 263.72 198.74 LU1278928491
D2 USD 122.12 -0.41 -0.33 Jul 12, 2024 122.53 99.80 LU2716890988
I2 Hgd JPY 22,851.86 -79.63 -0.35 Jul 12, 2024 22,931.49 17,356.30 LU1278844987
X2 GBP 331.12 -2.30 -0.69 Jul 12, 2024 333.42 257.42 LU1264796118

Portfolio Managers

Portfolio Managers

Anna Hawley
Anna Hawley
Richard Mathieson
Managing Director, Systematic Equities

Richard Mathieson, CA, Managing Director, is a portfolio manager for global equity strategies within BlackRock’s Systematic investment team.

Literature

Literature