Multi Asset

BlackRock Style Advantage 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.

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

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This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 1.5 -4.8 -1.9 -22.7 14.8 2.2
Comparator Benchmark 1 (%) 1.1 2.1 2.6 1.1 0.2 2.0
  1y 3y 5y 10y Incept.
2.19 -3.19 -3.26 - -0.86
Comparator Benchmark 1 (%)

as of 31-Dec-2022

1.97 1.07 1.58 - 1.40
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.19 -0.12 -2.49 1.53 2.19 -9.28 -15.26 - -5.68
Comparator Benchmark 1 (%)

as of 31-Dec-2022

1.97 0.38 1.00 1.63 1.97 3.25 8.14 - 9.92
  From
31.Dec.2017
To
31.Dec.2018
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
Total Return (%)

as of 31-Dec-2022

-4.80 -1.88 -22.68 14.82 2.19
Comparator Benchmark 1 (%)

as of 31-Dec-2022

2.08 2.60 1.08 0.18 1.97

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 USD, 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 27-Jan-2023 USD 125,042,721.34
Share Class launch date 16-Mar-2016
Fund Launch Date 29-Feb-2016
Share Class Currency USD
Base Currency USD
Asset Class Multi Asset
Comparator Benchmark 1 3 Month SOFR Compounded in Arrears plus 26.1 basis point spread
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.00%
Annual Management Fee 0.55%
Performance Fee 0.00%
Minimum Initial Investment USD 100,000.00
Minimum Subsequent Investment USD 0.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Multistrategy USD
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BSSAD2U
ISIN LU1373035408
SEDOL BDCNSK3

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 research, selection, monitoring and reporting phases of the investment process. This may include third-party and internal material considerations, as defined by the investment team, of ESG criteria. The Fund manager undergoes a rigorous research phase in the construction of internal ESG research signals, which highlight criteria such as human capital or management quality. As part of this research, the Fund manager conducts due diligence on ESG data providers. Once these signals have met the criteria necessary to be incorporated in the portfolio, they are considered as part of the investment decisions on an ongoing basis as part of a broader set of signals. The Fund manager additionally uses standardized ESG criteria (headline ESG ratings, carbon emissions intensity) during the reporting phase. These may be sourced internally or directly from third-party data providers and are featured in internal portfolio analytics. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. 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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Portfolio Managers

Portfolio Managers

Philip Hodges
Philip Hodges
He Ren
He Ren

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class D2 USD None 94.92 0.14 0.15 27-Jan-2023 98.71 86.05 LU1373035408 -
Class Z2 Hedged EUR None 84.90 0.12 0.14 27-Jan-2023 88.83 77.92 LU1363273480 -
Class I2 Hedged EUR None 85.04 0.12 0.14 27-Jan-2023 88.96 78.00 LU1352906538 -
Class D2 Hedged EUR None 83.90 0.11 0.13 27-Jan-2023 87.81 77.08 LU1352906298 -
Class Z2 USD None 95.83 0.15 0.16 27-Jan-2023 99.63 86.81 LU1363273308 -
Class A2 USD None 90.26 0.14 0.16 27-Jan-2023 94.01 82.20 LU1352905993 -
Class I2 BRL Hedged (USD) USD None 68.32 0.25 0.37 27-Jan-2023 69.44 57.42 LU1718790519 -
Class A2 Hedged EUR None 72.16 0.10 0.14 27-Jan-2023 75.63 66.56 LU1352906025 -
Class I2 Hedged GBP None 82.70 0.12 0.15 27-Jan-2023 86.05 74.74 LU1532729727 -
Class X2 Hedged GBP None 98.34 0.14 0.14 27-Jan-2023 102.17 88.39 LU1423753034 -
Class X2 Hedged AUD None 100.73 -0.13 -0.13 27-Jan-2023 104.81 91.67 LU1352906454 -
Class E2 Hedged EUR None 77.95 0.11 0.14 27-Jan-2023 81.82 72.23 LU1373035234 -
Class E2 EUR None 89.51 0.30 0.34 27-Jan-2023 104.64 80.56 LU1373035150 -
Class A4 USD Annual 91.71 0.13 0.14 27-Jan-2023 95.52 83.52 LU1394251976 -
Class IPF2 Hedged CHF None 77.46 0.11 0.14 27-Jan-2023 81.39 71.29 LU1706559660 -
Class D2 EUR None 96.75 0.33 0.34 27-Jan-2023 112.70 86.28 LU1373035317 -
Class X2 Hedged NZD None 103.73 0.17 0.16 27-Jan-2023 108.17 92.59 LU1485749367 -
Class D2 Hedged CHF None 74.52 0.11 0.15 27-Jan-2023 78.38 68.78 LU1640627169 -
Class I2 Hedged CHF None 75.45 0.10 0.13 27-Jan-2023 79.30 69.51 LU1640627243 -
Class IPF2 Hedged EUR None 85.36 0.12 0.14 27-Jan-2023 89.26 78.21 LU1469409517 -
Class X2 USD None 100.53 0.15 0.15 27-Jan-2023 104.32 90.60 LU1352906371 -
Class I2 Hedged JPY None 8,621.94 11.77 0.14 27-Jan-2023 9,075.52 7,950.94 LU1484781551 -
Class A2 Hedged SEK None 74.96 0.11 0.15 27-Jan-2023 78.49 68.71 LU1609299281 -
Class I2 USD None 84.36 0.13 0.15 27-Jan-2023 87.67 76.36 LU1640626609 -
Class A4 Hedged EUR Annual 81.54 0.12 0.15 27-Jan-2023 85.47 75.24 LU1394254640 -
Class X2 Hedged EUR - 81.08 0.12 0.15 27-Jan-2023 84.68 74.01 LU1781817777 -
Class D2 Hedged GBP None 82.41 0.12 0.15 27-Jan-2023 85.79 74.55 LU1572169370 -

Literature

Literature