Equity

BSF Asia Pacific 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 financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. 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. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. Investments in China are subject to certain additional risks, particularly regarding the ability to deal in equity securities in China due to issues relating to liquidity and the repatriation of capital. As a result, the Fund may choose to gain exposure to Chinese equities indirectly and may be unable to gain full exposure to the Chinese equity markets. 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 invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. The fund may invest in exchange traded funds which have exposure to property securities and commodities (through an index). Property investments are subject to adverse changes in economic conditions, adverse local market conditions and risks associated with the acquisition, financing and ownership and operation and disposal of real property. The underlying commodities index may concentrate investment on selected commodity futures of multinational markets. This makes the exchange traded fund extremely dependent on the performance of the commodity markets concerned. The Fund may invest more than 10% of its Net Asset Value in the units of UCITS and/or other UCIs.
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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.
  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of Jun 30, 2021

- -1.49 -2.85 2.58 10.83
  1Y 3Y 5Y 10y Incept.
10.83 3.37 - - 1.56
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
5.52 0.12 2.09 10.83 10.45 - - 7.62
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 Fund (Millions) as of Jul 30, 2021 USD 34.051
12m Trailing Yield -
Number of Holdings as of Jun 30, 2021 95
Base Currency U.S. Dollar
Fund Inception Date Aug 31, 2016
Share Class Inception Date Oct 5, 2016
Asset Class Equity
Morningstar Category Long/Short Equity - Other
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.34%
ISIN LU1495982511
Bloomberg Ticker BSPD2EH
Annual Management Fee 1.00%
Initial Charge 5.00%
Performance Fee 20.00%
SEDOL BD87XL5
Dealing Settlement Trade Date + 3 days
Dealing Frequency Weekly, Business Day
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment -
Use of Income Accumulating

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 combination with other information in the research and decision phases 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’s ongoing monitoring of the portfolio involves 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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jun 30, 2021
Name Weight (%)
KUAISHOU TECHNOLOGY 3.89
SUNGROW POWER SUPPLY CO LTD 3.32
CHINA MENGNIU DAIRY CO LTD 3.10
PRUDENTIAL PLC 3.01
ZHONGSHENG GROUP HOLDINGS LTD 2.72
Name Weight (%)
SK INNOVATION CO LTD 2.68
ICICI BANK LTD 2.68
YUM CHINA HOLDINGS INC 2.67
PETROCHINA CO LTD 2.63
JOINN LABORATORIES CHINA CO LTD 2.57
Holdings 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
D2 Hgd EUR Accumulating 105.40 -0.86 -0.81 109.03 98.18 - LU1495982511 - -
E2 Hgd EUR Accumulating 101.75 -0.83 -0.81 105.34 95.04 - LU1495982271 - -
D2 Hgd GBP Accumulating 108.18 -0.87 -0.80 111.86 100.94 - LU1417814057 - -
Class Z2 Hedged EUR Accumulating 106.14 -0.86 -0.80 109.85 98.72 - LU1417814487 - -
A2 EUR Accumulating 105.65 -1.69 -1.57 109.81 96.87 - LU1417813836 - -
D2 USD Accumulating 115.46 -0.93 -0.80 119.38 107.54 - LU1495982438 - -
D2 EUR Accumulating 109.21 -1.75 -1.58 113.47 100.27 - LU1495982602 - -
A4 Hgd EUR Annual 102.50 -0.83 -0.80 106.06 95.70 - LU1417813919 - -
X2 USD Accumulating 125.12 -0.99 -0.79 129.67 113.13 - LU1417814214 - -
E2 EUR Accumulating 103.60 -1.66 -1.58 107.71 94.88 - LU1417814131 - -
A2 GBP Accumulating 100.22 -1.57 -1.54 104.83 95.54 - LU1513020419 - -
Class Z2 Hedged CHF Accumulating 104.82 -0.84 -0.80 108.48 97.29 - LU1417814560 - -
Class Z2 USD Accumulating 116.81 -0.93 -0.79 120.83 108.00 - LU1417814305 - -

Portfolio Managers

Portfolio Managers

Samuel Vecht, CFA
Head of Emerging Europe & Frontier Markets

Samuel Vecht

Steve Wong
Steve Wong
Ada Zhang
Ada Zhang

Literature

Literature