Equity

BSF Emerging Companies 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. Shares in smaller companies typically trade in less volume and experience greater price variations than larger companies. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Due to its investment strategy an 'Absolute Return' fund may not move in line with market trends or fully benefit from a positive market environment. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.
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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-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of Sep 30, 2021

- - - 15.09 8.03
Benchmark (%)

as of Sep 30, 2021

- - - 0.48 0.06
  1Y 3Y 5Y 10y Incept.
8.03 - - - 10.11
Benchmark (%)

as of Sep 30, 2021

0.06 - - - 0.45
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
7.93 -4.58 1.30 8.03 - - - 32.90
Benchmark (%)

as of Sep 30, 2021

0.05 0.01 0.02 0.06 - - - 1.33
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 Class (Millions) -
Size of Fund (Millions) as of Oct 20, 2021 GBP 877.780
Asset Class Alternative
Lipper Classification -
12m Trailing Yield -
Number of Holdings 218
CUSIP BRTL14KH4
Fund Inception Date Oct 17, 2018
Share Class Inception Date Oct 17, 2018
Morningstar Category Long/Short Equity - Other
Benchmark Index LIBOR 3 Month (GBP)
SFDR Classification Other
Regulatory Structure UCITS
Net, Including Investment Related Expenses -
Net, Excluding Investment Related Expenses -
Management Company BlackRock (Luxembourg) S.A.
Gross Expense Ratio -
Ongoing Charge 1.11%
Distribution Frequency -
ISIN LU1861219027
Bloomberg Ticker BRUZ2EH
Annual Management Fee 1.00%
Max Offer Price -
Initial Charge 0.00%
Open to New Investors Yes
Performance Fee 20.00%
Turnover Percent -
SEDOL BDRMQR8
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Weekly, Business Day
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 10000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of - -
3y Beta as of - -
5y Volatility - Benchmark as of - -
5y Beta as of - -
P/E Ratio as of Sep 30, 2021 80.27
P/B Ratio as of Sep 30, 2021 -68.96
Average Market Cap (Millions) as of Sep 30, 2021 GBP 226,847.4 M

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 phase 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 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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Sep 30, 2021
Name Weight (%)
MICROSOFT CORPORATION 3.56
ELECTROCOMPONENTS PLC 3.27
ALPHABET INC 3.17
NASDAQ INC 2.78
GAMMA COMMUNICATIONS PLC 2.77
Name Weight (%)
FACEBOOK INC 2.54
PAYPAL HOLDINGS INC 2.49
ASHTEAD GROUP PLC 2.43
AUCTION TECHNOLOGY GROUP PLC 2.32
JD SPORTS FASHION PLC 2.19
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2021

% of Market Value

Type Fund
as of Sep 30, 2021

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class Z2 Hedged EUR - 135.39 2.89 2.18 139.52 118.80 - LU1861219027 - -
D2 GBP - 135.22 2.77 2.09 139.23 119.03 - LU1861218136 - -
D2 Hgd USD - 138.56 2.86 2.11 142.55 121.82 - LU1861219613 - -
I2 Hgd USD - 140.15 2.90 2.11 144.13 122.96 - LU1861219886 - -
D2 Hgd CHF - 130.54 2.67 2.09 134.51 115.80 - LU1861219373 - -
Class Z2 Hedged USD - 142.19 3.04 2.18 146.38 124.08 - LU1861219704 - -
I2 Hgd CHF - 131.79 2.70 2.09 135.77 116.65 - LU1861219530 - -
A2 Hgd CHF - 126.86 2.57 2.07 130.82 113.00 - LU1991003358 - -
Class S2 GBP - 136.07 2.80 2.10 140.05 119.51 - LU1884804383 - -
D2 Hgd EUR - 132.28 2.73 2.11 136.23 117.05 - LU1861218995 - -
A2 Hgd USD - 131.54 2.69 2.09 135.41 115.88 - LU1990978147 - -
A2 GBP - 129.71 2.66 2.09 133.62 114.62 - LU1990957067 - -
A2 Hgd CNH - 1,159.04 24.52 2.16 1,188.24 1,005.55 - LU2252211383 - -
Class Z2 Hedged CHF - 133.69 2.83 2.16 137.86 117.64 - LU1861219456 - -
Class I4 GBP - 127.56 2.63 2.11 131.29 112.03 - LU2066748497 - -
A2 Hgd EUR - 130.81 2.68 2.09 134.79 116.18 - LU1861218565 - -
Class Z2 GBP - 138.79 2.95 2.17 143.01 121.26 - LU1861218219 - -
I2 GBP - 136.63 2.82 2.11 140.62 119.99 - LU1861218300 - -
X2 GBP - 149.72 3.63 2.48 154.69 127.04 - LU1861218482 - -
I2 Hgd EUR - 133.30 2.75 2.11 137.24 117.66 - LU1861219290 - -

Portfolio Managers

Portfolio Managers

Dan Whitestone
Dan Whitestone
Nicholas Little
Nicholas Little

Literature

Literature