Equity

BSF Emerging Markets Equity Strategies 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. Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. 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. Derivatives are 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.

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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Reinvestments

This fund does not have any distributions data as of now.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 19.84 -12.41 5.48 12.06 20.58
Constraint Benchmark 1 (%) 13.85 14.65 -1.64 -10.02 3.63

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

  1Y 3Y 5Y 10y Incept.
10.08 10.41 5.11 - 7.41
Constraint Benchmark 1 (%) 4.06 -3.12 2.92 - -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-3.92 2.10 -2.12 8.27 10.08 34.61 28.31 - 46.59
Constraint Benchmark 1 (%) 0.67 5.46 3.88 5.11 4.06 -9.07 15.47 - -
  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

19.84 -12.41 5.48 12.06 20.58
Constraint Benchmark 1 (%)

as of Dec 31, 2023

13.85 14.65 -1.64 -10.02 3.63
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 GBP, 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 Mar 18, 2024 USD 589,282,522
Share Class Inception Date Oct 24, 2018
Fund Inception Date Sep 18, 2015
Share Class Currency GBP
Base Currency USD
Asset Class Equity
Constraint Benchmark 1 MSCI Emerging Markets, Net Returns, in GBP
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 1.42%
ISIN LU1896777239
Annual Management Fee -
Performance Fee -
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Emerging Markets Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BREMD2G
SEDOL BGY7PK3

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Feb 29, 2024 103
Standard Deviation (3y) as of Feb 29, 2024 17.55%
P/E Ratio as of Feb 29, 2024 8.35
P/B Ratio as of Feb 29, 2024 0.74

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 Feb 29, 2024 0.00%
MSCI - UN Global Compact Violators as of Feb 29, 2024 -0.02%
MSCI - Nuclear Weapons as of Feb 29, 2024 0.00%
MSCI - Thermal Coal as of Feb 29, 2024 3.61%
MSCI - Civilian Firearms as of Feb 29, 2024 0.00%
MSCI - Oil Sands as of Feb 29, 2024 0.00%
MSCI - Tobacco as of Feb 29, 2024 0.00%

Business Involvement Coverage as of Feb 29, 2024 92.90%
Percentage of Fund not covered as of Feb 29, 2024 7.08%
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 3.61% and for Oil Sands 1.48%.

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 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, where appropriate, 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

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BSF Emerging Markets Equity Strategies Fund, Class D2, as of Feb 29, 2024 rated against 2912 Global Emerging Markets Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jan 31, 2024)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Feb 29, 2024
Name Weight (%)
SAMSUNG ELECTRONICS CO LTD 8.14
ALIBABA GROUP HOLDING LTD 5.40
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4.06
AYALA CORPORATION 3.96
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION 3.71
Name Weight (%)
ASTRA INTERNATIONAL TBK. PT. 3.49
EMAAR PROPERTIES PJSC 3.35
JD.COM INC 3.28
CHINA PETROLEUM & CHEMICAL CORP 3.20
SUNNY OPTICAL TECHNOLOGY GROUP CO LTD 2.90
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Feb 29, 2024

% of Market Value

Type Fund
as of Feb 29, 2024

% of Market Value

Type Fund
Sorry, countries/regions are not available at this time.
as of Feb 29, 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
D2 GBP 152.75 0.38 0.25 Mar 18, 2024 153.80 126.22 LU1896777239
D4 USD 123.56 0.14 0.11 Mar 18, 2024 124.69 98.78 LU1990956846
Class Z2 USD 259.62 0.30 0.12 Mar 18, 2024 261.98 205.29 LU1289970243
D2 Hgd EUR 190.51 0.21 0.11 Mar 18, 2024 192.27 155.05 LU1321848019
A2 USD 236.25 0.26 0.11 Mar 18, 2024 238.43 188.87 LU1289970086
I2 EUR 136.92 0.20 0.15 Mar 18, 2024 138.01 110.21 LU1992117652
D2 USD 230.18 0.26 0.11 Mar 18, 2024 232.29 183.10 LU1321847714
E2 EUR 207.14 0.27 0.13 Mar 18, 2024 208.82 168.90 LU1321847805
I2 USD 135.13 0.16 0.12 Mar 18, 2024 136.36 107.17 LU1946828917
D2 EUR 225.13 0.31 0.14 Mar 18, 2024 226.93 181.74 LU1321847987
Class Z2 GBP 164.80 0.43 0.26 Mar 18, 2024 165.92 135.35 LU1715605942
D2 Hgd CHF 105.32 0.11 0.10 Mar 18, 2024 106.36 87.50 LU1971548455
A2 Hgd CHF 102.53 0.10 0.10 Mar 18, 2024 103.55 85.61 LU1971548372
X2 USD 275.03 0.34 0.12 Mar 18, 2024 277.50 216.00 LU1289970169

Portfolio Managers

Portfolio Managers

Samuel Vecht, CFA
Head of Emerging Europe & Frontier Markets

Samuel Vecht

Gordon Fraser, CFA
Co-Head of Global Emerging Markets Equities, Fundamental Active Equity, BlackRock

Gordon Fraser, CFA, Managing Director, is Co-Head of Global Emerging Markets Equities for the Fundamental Active Equity division of BlackRock's Active Equity Group.

Literature

Literature