Equity

BSF Americas Diversified Equity Absolute Return Fund

Overview

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.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The strategies utilized by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both 'long' and 'synthetic short' positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Funds. Investors in this fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general stock market trends as both positive and negative share movements affect the overall value of the fund. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund.

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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 9 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) -3.1 10.1 14.5 18.3 -4.2 6.3 -1.1 -6.0 10.0
Comparator Benchmark 1 (%) -1.6 6.5 6.0 20.1 -7.6 8.4 -1.4 -2.0 3.5
  1y 3y 5y 10y Incept.
20.93 3.00 3.84 5.61 5.52
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
11.59 2.77 7.53 11.59 20.93 9.28 20.76 72.60 72.30
  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

7.61 2.69 6.20 -14.91 20.93

Key Facts

Key Facts

Net Assets of Fund as of 05-Jul-2022 USD 748,204,989
Share Class launch date 16-May-2012
Fund Launch Date 17-Feb-2012
Share Class Currency GBP
Fund Base Currency USD
Asset Class Equity
Comparator Benchmark 1 3 Month SONIA Compounded in Arrears + 11.9 basis points spread
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.96%
Annual Management Fee 1.95%
Performance Fee 20.00%
Minimum Initial Investment GBP 5,000.00
Minimum Subsequent Investment GBP 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 BSA2RFS
ISIN LU0784324112
SEDOL B7W7C90

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-May-2022 3842
Standard Deviation (3y) as of 30-Jun-2022 10.42%
3y Beta as of 31-May-2022 1.019
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
5
6
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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 A2, as of 30-Jun-2022 rated against 99 Equity Market Neutral USD Funds.

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 A2 GBP None 183.02 1.96 1.08 05-Jul-2022 185.72 149.44 LU0784324112 -
Class A2 EUR - 113.26 1.47 1.31 05-Jul-2022 115.82 93.48 LU1991022069 -
Class A2 USD None 137.92 -0.66 -0.48 05-Jul-2022 142.90 130.55 LU0725887540 -
Class I2 Hedged EUR None 104.68 -0.52 -0.49 05-Jul-2022 108.67 99.51 LU1323999489 -
Class D2 USD None 119.02 -0.57 -0.48 05-Jul-2022 123.24 112.59 LU1238068321 -
Class I2 USD None 113.41 -0.54 -0.47 05-Jul-2022 117.37 107.17 LU1653088168 -
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 -

Portfolio Managers

Portfolio Managers

Raffaele Savi
Raffaele Savi
Travis Cooke
Travis Cooke

Literature

Literature