Equity

BSF Emerging Companies Absolute Return Fund

Overview

Important Information: Capital at Risk. 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. 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
31-Mar-2016
To
31-Mar-2017
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
Total Return (%)

as of Mar 31, 2021

- - - 7.20 19.80
Benchmark (%)

as of Mar 31, 2021

- - - 0.76 0.14
  1Y 3Y 5Y 10y Incept.
19.80 - - - 11.63
Benchmark (%)

as of Mar 31, 2021

0.14 - - - 0.53
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-1.19 -2.06 -1.19 19.80 - - - 30.99
Benchmark (%)

as of Mar 31, 2021

0.01 0.01 0.01 0.14 - - - 1.30
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 Apr 14, 2021 GBP 830.966
Asset Class Alternative
Lipper Classification -
12m Trailing Yield -
Number of Holdings 203
CUSIP BRTL14FS6
Fund Inception Date Oct 17, 2018
Share Class Inception Date Oct 17, 2018
Morningstar Category Alt - Long/Short Equity - UK
Benchmark Index LIBOR 3 Month (GBP)
Regulatory Structure UCITS
Net, Including Investment Related Expenses -
Net, Excluding Investment Related Expenses -
Management Company BlackRock (Luxembourg) S.A.
Gross Expense Ratio -
Ongoing Charge 0.08%
Distribution Frequency -
ISIN LU1861218482
Bloomberg Ticker BRUEX2G
Annual Management Fee 0.00%
Max Offer Price -
Initial Charge 0.00%
Open to New Investors Yes
Performance Fee 0.00%
Turnover Percent -
SEDOL BDRMQL2
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Weekly, Business Day
Minimum Initial Investment GBP 10000000
Minimum Subsequent Investment GBP 10000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of Mar 31, 2021 41.22
P/B Ratio as of Mar 31, 2021 16.70
Average Market Cap (Millions) as of Mar 31, 2021 GBP 157,830.2 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 Mar 31, 2021
Name Weight (%)
MICROSOFT CORPORATION 3.47
ELECTROCOMPONENTS PLC 2.86
GAMMA COMMUNICATIONS PLC 2.74
ALPHABET INC 2.60
MOONPIG GROUP PLC 2.37
Name Weight (%)
PAYPAL HOLDINGS INC 2.29
ASHTEAD GROUP PLC 2.16
NASDAQ INC 2.02
JD SPORTS FASHION PLC 1.96
MASTERCARD INC 1.92
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 31, 2021

% of Market Value

Type Fund
as of Mar 31, 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
X2 GBP - 138.04 3.97 2.96 138.53 111.68 - LU1861218482 - -
Class Z2 GBP - 129.89 3.26 2.57 130.48 108.97 - LU1861218219 - -
I2 Hgd USD - 131.44 3.16 2.46 132.16 110.89 - LU1861219886 - -
A2 Hgd USD - 123.82 2.96 2.45 124.61 104.83 - LU1990978147 - -
I2 Hgd CHF - 124.14 2.93 2.42 125.05 106.06 - LU1861219530 - -
Class Z2 Hedged CHF - 125.58 3.08 2.51 126.51 106.45 - LU1861219456 - -
I2 GBP - 128.17 3.11 2.49 128.73 107.68 - LU1861218300 - -
Class I4 GBP - 119.66 2.89 2.47 120.19 101.00 - LU2066748497 - -
A2 Hgd CHF - 119.92 2.81 2.40 120.93 101.83 - LU1991003358 - -
D2 Hgd CHF - 123.10 2.90 2.41 124.06 105.44 - LU1861219373 - -
Class Z2 Hedged EUR - 126.99 3.13 2.53 127.80 107.36 - LU1861219027 - -
A2 Hgd EUR - 123.47 2.92 2.42 124.38 105.46 - LU1861218565 - -
A2 Hgd CNH - 1,075.86 26.32 2.51 1,075.86 1,005.55 - LU2252211383 - -
I2 Hgd EUR - 125.39 2.99 2.44 126.17 106.77 - LU1861219290 - -
Class S2 GBP - 127.65 3.09 2.48 128.21 107.68 - LU1884804383 - -
D2 GBP - 127.02 3.07 2.48 127.62 107.22 - LU1861218136 - -
D2 Hgd USD - 130.11 3.12 2.46 130.87 109.86 - LU1861219613 - -
D2 Hgd EUR - 124.61 2.96 2.43 125.44 106.06 - LU1861218995 - -
A2 GBP - 122.10 2.94 2.47 122.77 102.66 - LU1990957067 - -
Class Z2 Hedged USD - 133.03 3.32 2.56 133.77 111.50 - LU1861219704 - -

Portfolio Managers

Portfolio Managers

Dan Whitestone
Dan Whitestone
Nicholas Little
Nicholas Little

Literature

Literature