Equity

BSF Global Event Driven 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 value of your investment and the income from it will vary and your initial investment amount is not guaranteed. Overseas investments will be affected by movements in currency exchange rates.

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 (%) 4.59 6.43 1.93 -4.34 1.44
Comparator Benchmark 1 (%) 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.
-1.63 -0.96 1.53 - 1.75
Comparator Benchmark 1 (%) 5.13 2.29 1.93 - 1.94
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-1.09 -1.09 4.53 0.95 -1.63 -2.86 7.90 - 10.77
Comparator Benchmark 1 (%) 0.43 0.43 1.35 2.73 5.13 7.04 10.01 - 12.03
  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
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of Dec 31, 2023

4.59 6.43 1.93 -4.34 1.44
Comparator Benchmark 1 (%)

as of Dec 31, 2023

2.28 0.67 0.05 1.46 5.01
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 JPY, 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 Feb 22, 2024 USD 2,536,758,571
Share Class Inception Date Mar 7, 2018
Fund Inception Date Aug 4, 2015
Share Class Currency JPY
Base Currency USD
Asset Class Equity
Comparator Benchmark 1 ICE BofA 3-MO US Treasury Bill (G0O1)
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 1.07%
ISIN LU1781817421
Annual Management Fee 1.00%
Performance Fee 20.00%
Minimum Initial Investment JPY 10000000
Minimum Subsequent Investment JPY 10000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BSGEI2J
SEDOL BFX17R0

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 31, 2024 300
Standard Deviation (3y) as of Jan 31, 2024 5.27%
P/E Ratio as of Jan 31, 2024 10.55
P/B Ratio as of Jan 31, 2024 2.41

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 Jan 31, 2024 0.04%
MSCI - UN Global Compact Violators as of Jan 31, 2024 0.00%
MSCI - Nuclear Weapons as of Jan 31, 2024 0.04%
MSCI - Thermal Coal as of Jan 31, 2024 0.00%
MSCI - Civilian Firearms as of Jan 31, 2024 0.33%
MSCI - Oil Sands as of Jan 31, 2024 0.00%
MSCI - Tobacco as of Jan 31, 2024 0.54%

Business Involvement Coverage as of Jan 31, 2024 55.61%
Percentage of Fund not covered as of Jan 31, 2024 8.45%
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 0.00% and for Oil Sands 0.00%.

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 evaluates the fundamental and strategic aspects of securities in which the Fund may invest. This may include a detailed, comprehensive review and analysis of all aspects of the company, including ESG policies, when evaluating opportunities. The Fund manager's deep due diligence informs a holistic perspective on a given issuer and may impact the investment decision. Additionally, on a regular basis the Fund manager conducts portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. 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, where appropriate.

Ratings

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jan 31, 2024
Name Weight (%)
PIONEER NATURAL RESOURCES COMPANY 5.43
SPLUNK INC 4.09
HESS CORP 3.36
KARUNA THERAPEUTICS INC 3.16
HOWMET AEROSPACE INC 2.90
Name Weight (%)
COTY INC 2.80
CAESARS ENTERTAINMENT INC 2.66
UNITED STATES STEEL CORP 2.53
DOUBLEVERIFY HOLDINGS INC 2.27
IMMUNOGEN INC 2.20
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2024

% of Market Value

Type Fund
as of Jan 31, 2024

% of Market Value

Type Fund
as of Jan 31, 2024

% of Market Value

Type Fund
as of Jan 31, 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
I2 Hgd JPY 11,128.15 10.42 0.09 Feb 22, 2024 11,331.55 10,565.78 LU1781817421
Class IA2 USD 126.60 0.14 0.11 Feb 22, 2024 126.79 116.09 LU1921562119
A2 Hgd CHF 110.07 0.08 0.07 Feb 22, 2024 110.99 104.14 LU1400751324
D2 Hgd CHF 113.90 0.09 0.08 Feb 22, 2024 114.43 107.60 LU1387771113
I5 USD 132.13 0.14 0.11 Feb 22, 2024 132.34 121.63 LU1603214153
Class Z2 Hedged GBP 137.31 0.15 0.11 Feb 22, 2024 137.53 126.84 LU1288049866
D2 Hgd EUR 117.99 0.11 0.09 Feb 22, 2024 118.21 110.55 LU1373035077
I2 Hgd EUR 120.93 0.12 0.10 Feb 22, 2024 121.15 113.03 LU1382784764
Class Z2 Hedged CHF 121.71 0.10 0.08 Feb 22, 2024 122.17 114.78 LU1341466644
Class Z2 USD 148.65 0.16 0.11 Feb 22, 2024 148.88 136.62 LU1258025839
I2 Hgd CHF 110.66 0.08 0.07 Feb 22, 2024 111.12 104.44 LU1603214401
Class AI2 EUR 105.01 0.10 0.10 Feb 22, 2024 105.23 98.59 LU2103007592
Class S2 Hedged EUR 108.09 0.10 0.09 Feb 22, 2024 108.29 101.03 LU1706559405
Class Z2 Hedged EUR 127.54 0.12 0.09 Feb 22, 2024 127.77 119.02 LU1288049940
E2 EUR 138.75 0.12 0.09 Feb 22, 2024 139.68 128.25 LU1278928657
A2 USD 135.52 0.15 0.11 Feb 22, 2024 135.75 125.51 LU1251620883
Class IA2 Hedged EUR 108.89 0.11 0.10 Feb 22, 2024 109.07 101.40 LU2125116769
D2 Hgd GBP 126.19 0.14 0.11 Feb 22, 2024 126.40 117.01 LU1373034930
Class S2 USD 115.82 0.12 0.10 Feb 22, 2024 116.01 106.61 LU2099035045
D2 USD 140.45 0.15 0.11 Feb 22, 2024 140.68 129.58 LU1251621188
X2 USD 166.67 0.19 0.11 Feb 22, 2024 166.90 152.26 LU1264793958
I4 Hgd EUR 116.01 0.11 0.09 Feb 22, 2024 116.22 108.43 LU1817852764
A2 Hgd SGD 109.55 0.10 0.09 Feb 22, 2024 109.82 102.82 LU2114397859
D4 Hgd GBP 108.60 0.11 0.10 Feb 22, 2024 108.79 100.71 LU2215606471
Class I5 Hedged GBP 122.64 0.13 0.11 Feb 22, 2024 122.84 113.47 LU1603215044
Class I2 BRL Hedged (USD) USD 115.33 -0.22 -0.19 Feb 22, 2024 117.29 95.09 LU2008661006
X2 Hgd AUD 105.28 0.10 0.10 Feb 22, 2024 105.45 98.21 LU2649166159
A4 Hgd EUR 108.55 0.10 0.09 Feb 22, 2024 108.79 101.93 LU1697783881
E2 Hgd EUR 111.89 0.10 0.09 Feb 22, 2024 112.23 105.23 LU1278928574
A2 Hgd EUR 113.07 0.10 0.09 Feb 22, 2024 113.32 106.19 LU1376384878
I2 USD 130.80 0.14 0.11 Feb 22, 2024 131.01 120.41 LU1251621345
A2 Hgd HKD 1,100.31 1.09 0.10 Feb 22, 2024 1,102.41 1,025.10 LU2114397776

Portfolio Managers

Portfolio Managers

Mark McKenna
Managing Director, Founder and Global Head of Event Driven

Mark R. McKenna, Managing Director, is Founder and Global Head of Event Driven. Mr. McKenna is responsible for managing BlackRock's event-driven investing efforts.

Literature

Literature