Real Estate

BSF Global Real Asset Securities 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.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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  From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of Jun 30, 2022

- - - 29.96 -16.26
Benchmark (%)

as of Jun 30, 2022

- - - 24.17 -8.56
  1Y 3Y 5Y 10y Incept.
-18.69 - - - 0.34
Benchmark (%)

as of Aug 31, 2022

-11.99 - - - -2.30
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-18.69 -5.19 -9.83 -18.69 - - - 0.95
Benchmark (%)

as of Aug 31, 2022

-13.20 -4.98 -8.25 -11.99 - - - -6.37
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 Sep 29, 2022 USD 735.207
Asset Class Alternative
Lipper Classification -
12m Trailing Yield as of Aug 31, 2022 10.83
Number of Holdings 54
CUSIP BRTY2DBS1
Fund Inception Date Nov 30, 2017
Share Class Inception Date Oct 30, 2019
Morningstar Category Other Equity
Benchmark Index FTSE Custom Dev Core Infrast 50/50 EPRA Nareit Dev Dividend+ NET Index
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 1.52%
Distribution Frequency Monthly
ISIN LU2070343558
Bloomberg Ticker BSGRA3U
Annual Management Fee 1.20%
Max Offer Price -
Initial Charge 5.00%
Open to New Investors Yes
Performance Fee 0.00%
Turnover Percent -
SEDOL BK20XV9
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of - -
3y Beta as of - -
5y Volatility - Benchmark as of - -
5y Beta as of - -

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Sep 21, 2022 AA
MSCI ESG % Coverage as of Sep 21, 2022 94.50
MSCI ESG Quality Score (0-10) as of Sep 21, 2022 7.29
MSCI ESG Quality Score - Peer Percentile as of Sep 21, 2022 73.21
Fund Lipper Global Classification as of Sep 21, 2022 Equity Sector Real Est Global
Funds in Peer Group as of Sep 21, 2022 377
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Sep 21, 2022 232.53
MSCI Weighted Average Carbon Intensity % Coverage as of Sep 21, 2022 88.93
All data is from MSCI ESG Fund Ratings as of Sep 21, 2022, based on holdings as of May 31, 2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

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 Aug 31, 2022 0.00%
MSCI - UN Global Compact Violators as of Aug 31, 2022 0.00%
MSCI - Nuclear Weapons as of Aug 31, 2022 0.00%
MSCI - Thermal Coal as of Aug 31, 2022 0.00%
MSCI - Civilian Firearms as of Aug 31, 2022 0.00%
MSCI - Oil Sands as of Aug 31, 2022 0.00%
MSCI - Tobacco as of Aug 31, 2022 0.00%

Business Involvement Coverage as of Aug 31, 2022 99.70%
Percentage of Fund not covered as of Aug 31, 2022 1.05%
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 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 the initial screening, sourcing and due diligence phases of the investment process. This may include the use of internal ESG due diligence templates to identify, analyze and document key ESG risks, and the use of thematic environmental, social and governance information sourced from both primary sources and third-party data providers. Identified material ESG risks are included in Investment Committee material and, where appropriate, discussed at relevant Investment Committee meetings. This information broadly informs the investment approach and may be considered in investment decisions or security selection. The Fund manager also considers ESG criteria during post-investment monitoring and conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks.

Ratings

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Aug 31, 2022
Name Weight (%)
CLP HOLDINGS LTD 4.80
ENEL 4.04
VONOVIA SE 3.62
SEVERN TRENT PLC 3.44
NEXTDC LTD 3.11
Name Weight (%)
NATIONAL STORAGE REIT STAPLED UNIT 3.03
CELLNEX TELECOM SA 3.01
UDR REIT INC 3.00
ALEXANDRIA REAL ESTATE EQUITIES RE 2.98
EDP ENERGIAS DE PORTUGAL SA 2.92
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Aug 31, 2022

% of Market Value

Type Fund
Allocations subject to change.
as of Aug 31, 2022

% of Market Value

Type Fund
Sorry, maturities are not available at this time.
as of Aug 31, 2022

% of Market Value

Type Fund
Sorry, ratings are not available at this time.
as of Aug 31, 2022

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A3 USD Monthly 66.34 0.22 0.33 104.41 66.12 - LU2070343558 - -
A3 Hgd SGD Monthly 65.55 0.22 0.34 103.95 65.33 - LU2070343632 - -
A3 Hgd HKD Monthly 66.34 0.21 0.32 104.76 66.13 - LU2070343715 - -
A3 Hgd CNH - 696.35 2.39 0.34 1,033.74 693.96 - LU2451793678 - -
A3 Hgd CAD - 69.55 0.23 0.33 103.29 69.32 - LU2451793595 - -
Class S5 Hedged GBP Quarterly 81.31 0.29 0.36 104.13 81.02 - LU2412549680 - -
Class S3 USD Monthly 82.73 0.27 0.33 104.14 82.46 - LU2499270077 - -
E2 EUR Accumulating 119.31 -1.31 -1.09 149.90 119.31 - LU1669036888 - -
Class Z2 USD Accumulating 104.37 0.34 0.33 149.74 104.03 - LU1721361928 - -
A3 Hgd AUD - 69.17 0.22 0.32 103.28 68.95 - LU2451793322 - -
A2 USD Accumulating 99.96 0.32 0.32 144.62 99.64 - LU1669035997 - -
X2 USD Accumulating 107.16 0.35 0.33 152.98 106.81 - LU1669037183 - -
D3 GBP Monthly 89.18 -2.23 -2.44 101.53 89.18 - LU2508726747 - -
D3 USD Monthly 67.90 0.22 0.33 106.07 67.68 - LU2047633727 - -
D2 USD Accumulating 102.88 0.33 0.32 148.00 102.55 - LU1669036458 - -
Class S3 Hedged EUR Monthly 81.79 0.25 0.31 104.00 81.54 - LU2499270150 - -
Class S3 Hedged SGD Monthly 82.23 0.27 0.33 104.09 81.96 - LU2499270234 - -
Class S5 Hedged CHF Quarterly 81.35 0.26 0.32 104.04 81.09 - LU2412549508 - -

Listings

Portfolio Managers

Portfolio Managers

James Wilkinson
James Wilkinson
Alastair Gillespie
Alastair Gillespie
Mark Howard-Johnson, CFA
Global Head of Real Asset Securities Management

Mark Howard-Johnson, CFA, Managing Director

Literature

Literature