Fixed Income

BSF Fixed Income Strategies 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.

Please note the Fund-specific risks under the relevant section in Disclaimer.

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

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Performance

Performance

  From
31.Mar.2015
To
31.Mar.2016
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
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 31-Mar-2020

-0.17 2.10 1.61 -1.78 -3.23

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged Share Class Benchmark performance is displayed in EUR.

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

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Reinvestments

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

Key Facts

Key Facts

Size of Fund (Millions) as of 04-Jun-2020 EUR 6,130.32
Base Currency EUR
Fund Launch Date 30-Sep-2009
Share Class launch date 30-Sep-2009
Asset Class Fixed Income
Morningstar Category Alt - Long/Short Credit
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0438336421
Bloomberg Ticker BRFXID2
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3LY5H3
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 01-May-2020 62.71
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 01-May-2020 Alternative Credit Focus
All data is from MSCI ESG Fund Ratings as of 01-May-2020, based on holdings as of 31-Aug-2019. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.


Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 24-Jul-2019)

Portfolio Managers

Portfolio Managers

Michael Krautzberger
Head, BlackRock’s Pan-European Fixed Income Team

     

Tom Mondelaers
Tom Mondelaers
Johan Sjogren
Johan Sjogren

Holdings

Holdings

as of 29-May-2020
Name Weight (%)
ITALY (REPUBLIC OF) 5.05
GREECE REPUBLIC OF (GOVERNMENT) 4.92
CYPRUS (REPUBLIC OF) 3.66
JAPAN (GOVERNMENT OF) 3.34
PORTUGAL (REPUBLIC OF) 3.18
Name Weight (%)
SPAIN (KINGDOM OF) 2.12
INDIA (REPUBLIC OF) 2.10
SLOVENIA (REPUBLIC OF) 1.57
UNITED STATES TREASURY 1.41
FRANCE (REPUBLIC OF) 1.38
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-May-2020

% of Market Value

Type Fund
as of 29-May-2020

% of Market Value

Type Fund
as of 29-May-2020

% of Market Value

Type Fund
Allocations subject to change.
as of 29-May-2020

% of Market Value

Type Fund
as of 29-May-2020

% of Market Value

Type Fund
as of 29-May-2020

% 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 D2 EUR None 124.95 0.45 0.36 125.88 116.97 - LU0438336421 - -
Class A2 Hedged CHF None 100.97 0.37 0.37 101.95 94.63 - LU0589446532 - -
Class A2 EUR None 119.90 0.44 0.37 120.89 112.27 - LU0438336264 - -
Class D5 Hedged GBP Quarterly 107.92 0.41 0.38 108.83 100.90 - LU1117534666 - -
Class A2 Hedged JPY - 10,075.79 38.71 0.39 10,170.40 9,442.61 - LU1948809105 - -
Class E2 EUR None 113.84 0.41 0.36 115.09 106.77 - LU0438336694 - -
Class D4 EUR Annual 103.46 0.38 0.37 104.45 97.06 - LU1090193134 - -
Class D2 Hedged CHF None 102.63 0.38 0.37 103.49 96.13 - LU1090193647 - -
Class D2 Hedged USD None 116.57 0.45 0.39 117.02 108.85 - LU1090194454 - -
Class I5 EUR Quarterly 122.32 0.44 0.36 123.07 114.38 - LU1129992720 - -
Class A2 Hedged GBP None 105.26 0.40 0.38 106.24 98.46 - LU1200840038 - -
Class D2 Hedged GBP None 110.07 0.41 0.37 110.87 102.79 - LU1117534401 - -
Class A4 Hedged CHF Annual 100.69 0.38 0.38 101.63 94.33 - LU1046547201 - -
Class A2 Hedged USD None 114.90 0.45 0.39 115.49 107.39 - LU1046547540 - -
Class A4 Hedged USD Annual 114.50 0.45 0.39 115.07 107.01 - LU1046548191 - -
Class A4 EUR Annual 104.39 0.37 0.36 105.29 97.78 - LU1040967272 - -
Class D3 Hedged USD Monthly 112.91 0.44 0.39 113.36 105.44 - LU1193909402 - -
Class AI2 EUR - 99.80 0.36 0.36 100.65 93.47 - LU2008562287 - -
Class I2 Hedged USD None 106.76 0.41 0.39 107.14 99.68 - LU1728038651 - -
Class I2 EUR None 125.80 0.46 0.37 126.64 117.69 - LU0438336777 - -

Literature

Literature