Equity

BSF Global Equity 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. 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. 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 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.
Loading

Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart

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

- - - 10.99 8.22
  1Y 3Y 5Y 10y Incept.
8.22 - - - 7.25
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
0.73 0.91 -2.19 8.22 - - - 21.66
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 28, 2021 USD 83.944
Asset Class Alternative
Lipper Classification -
12m Trailing Yield -
Number of Holdings 88
CUSIP BRTMZ6B72
Fund Inception Date Dec 12, 2018
Share Class Inception Date Dec 12, 2018
Morningstar Category Long/Short Equity - Global
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 1.40%
Distribution Frequency -
ISIN LU1908247643
Bloomberg Ticker BSGAD2U
Annual Management Fee -
Max Offer Price -
Initial Charge 5.00%
Open to New Investors Yes
Performance Fee 20.00%
Turnover Percent -
SEDOL BH3Z3W3
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
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 Sep 30, 2021
Name Weight (%)
SONY GROUP CORP 5.05
COMCAST CORPORATION 4.77
CANADIAN NATIONAL RAILWAY COMPANY 3.94
RECRUIT HOLDINGS CO LTD 3.89
INTESA SANPAOLO SPA 3.58
Name Weight (%)
MASTERCARD INC 3.39
RELIANCE INDUSTRIES LTD 3.25
KONINKLIJKE DSM NV 3.24
CELLNEX TELECOM SA 3.16
SANOFI SA 2.87
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
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
D2 USD - 122.47 -0.63 -0.51 129.55 114.58 - LU1908247643 - -
Class Z2 Hedged CHF - 118.08 -0.61 -0.51 125.67 110.71 - LU1908248294 - -
I2 EUR - 116.95 -1.01 -0.86 119.52 106.87 - LU1919855756 - -
Class Z2 USD - 124.81 -0.64 -0.51 131.91 115.84 - LU1908247726 - -
Class Z2 Hedged EUR - 118.92 -0.61 -0.51 126.34 111.23 - LU1908247999 - -
E2 EUR - 117.33 -1.02 -0.86 120.96 108.42 - LU1919855673 - -
D2 EUR - 120.59 -1.04 -0.86 123.47 110.47 - LU1919855590 - -
Class Z2 Hedged GBP - 121.20 -0.61 -0.50 128.21 113.02 - LU1908248021 - -
X2 USD - 131.83 -0.67 -0.51 139.56 119.89 - LU1908248377 - -
A4 Hgd EUR - 115.32 -0.59 -0.51 123.00 109.13 - LU1908247569 - -

Portfolio Managers

Portfolio Managers

James Bristow
James Bristow
Gareth Williams
Gareth Williams

Literature

Literature