Equity

BSF Americas Diversified 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.

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

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This chart shows the fund's performance as the percentage loss or gain per year over the last 4 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2017 2018 2019 2020 2021
Total Return (%) 1.7 3.0 -2.1 9.3
Comparator Benchmark 1 (%) 2.1 2.6 1.1 0.2
  1y 3y 5y 10y Incept.
6.53 2.15 - - 2.81
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.55 -0.66 -0.30 0.55 6.53 6.58 - - 14.57
  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 30-Jun-2022

- -0.02 3.67 -3.50 6.53

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 05-Jul-2022 USD 748,204,988.92
Share Class launch date 02-Aug-2017
Fund Launch Date 17-Feb-2012
Share Class Currency USD
Base Currency USD
Asset Class Equity
Comparator Benchmark 1 3 Month SOFR Compounded in Arrears plus 26.1 basis point spread
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 1.19%
Annual Management Fee 1.00%
Performance Fee 20.00%
Minimum Initial Investment USD 10,000,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Equity Market Neutral USD
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BSADI2U
ISIN LU1653088168
SEDOL BDFBR07

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-May-2022 3,842
Standard Deviation (3y) as of 30-Jun-2022 5.03%
3y Beta as of 31-May-2022 0.31
P/E Ratio as of 31-May-2022 7.93
P/B Ratio as of 31-May-2022 1.09

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 and decision phases of the investment process. This may include relevant, internal ESG research which along with multiple other research insights, informs active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). The Fund manager conducts 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.

Risk Indicator

Risk Indicator

1
2
3
4
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7
Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BSF Americas Diversified Equity Absolute Return Fund, Class I2, as of 30-Jun-2022 rated against 99 Equity Market Neutral USD Funds.

Portfolio Managers

Portfolio Managers

Raffaele Savi
Raffaele Savi
Travis Cooke
Travis Cooke

Holdings

Holdings

as of 31-May-2022
Name Weight (%)
BLACK HILLS CORPORATION 2.49
DTE ENERGY COMPANY 2.19
METLIFE INC 2.06
CMS ENERGY CORPORATION 1.84
BROWN-FORMAN CORPORATION 1.71
Name Weight (%)
TRUIST FINANCIAL CORP 1.60
ILLINOIS TOOL WORKS INC 1.51
AMEREN CORPORATION 1.51
FIRST INDUSTRIAL REALTY TRUST INC 1.49
OGE ENERGY CORPORATION 1.46
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-May-2022

% of Market Value

Type Fund
as of 31-May-2022

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 31-May-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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class I2 USD None 113.41 -0.54 -0.47 05-Jul-2022 117.37 107.17 LU1653088168 -
Class D2 USD None 119.02 -0.57 -0.48 05-Jul-2022 123.24 112.59 LU1238068321 -
Class A2 Hedged EUR None 122.57 -0.61 -0.50 05-Jul-2022 127.90 117.07 LU0725892466 -
Class D2 Hedged EUR None 127.74 -0.64 -0.50 05-Jul-2022 132.78 121.47 LU0725892383 -
Class D2 Hedged GBP None 114.73 -0.57 -0.49 05-Jul-2022 118.83 108.43 LU1246651910 -
Class E2 Hedged EUR None 97.58 -0.49 -0.50 05-Jul-2022 101.91 93.64 LU1266592614 -
Class A2 Hedged SEK None 125.42 -0.64 -0.51 05-Jul-2022 130.56 119.47 LU0765562458 -
Class A2 EUR - 113.26 1.47 1.31 05-Jul-2022 115.82 93.48 LU1991022069 -
Class I2 Hedged EUR None 104.68 -0.52 -0.49 05-Jul-2022 108.67 99.51 LU1323999489 -
Class D2 Hedged CHF None 103.03 -0.49 -0.47 05-Jul-2022 107.27 98.15 LU1238068594 -
Class A2 GBP None 183.02 1.96 1.08 05-Jul-2022 185.72 149.44 LU0784324112 -
Class I2 Hedged SEK - 97.78 -0.50 -0.51 05-Jul-2022 101.51 92.47 LU1873114208 -
Class A2 USD None 137.92 -0.66 -0.48 05-Jul-2022 142.90 130.55 LU0725887540 -
Class I2 Hedged JPY - 10,136.93 -49.62 -0.49 05-Jul-2022 10,514.61 9,612.95 LU1791183780 -
Class A2 AUD None 205.13 1.68 0.83 05-Jul-2022 210.01 175.36 LU0840974975 -

Literature

Literature