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Source: BlackRock. Based on $5.98 trillion in AUM as of 12/31/18.

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BSF Multi-Manager Alternative Strategies Fund

Multi Asset

BSF Multi-Manager Alternative Strategies Fund

  • NAV as of Feb 19, 2019 EUR 94.50
    52 WK: 94.01 - 102.20
  • 1 Day NAV Change as of Feb 19, 2019 0.09 (0.10%)

Overview

Investment Approach

The Fund aims to achieve a positive absolute return on your investment through a combination of capital growth and income regardless of market conditions. The Fund intends to invest in a range of strategies by allocating its assets to one or more external sub-advisers. The Fund may invest in: equity securities and equity related securities, fixed income securities and FI-related securities, money market instruments (MMIs), other funds, deposits and cash. The Fund may invest up to 15% of its assets in securities issued by companies that are either in default or in high risk of default.
Overseas investment will be affected by movements in currency exchange rates. The strategies utilised 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 insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
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Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014		 From
31-Dec-2014
To
31-Dec-2015		 From
31-Dec-2015
To
31-Dec-2016		 From
31-Dec-2016
To
31-Dec-2017		 From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2018

- - - -0.71 -6.75
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.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
View full chart
Share Class and Benchmark performance displayed in EUR. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Past performance is not a guide to future performance.

Reinvestments

This fund does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end.

Key Facts

Key Facts

Size of Fund (Millions) as of Feb 19, 2019 USD 188.596
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of Jan 31, 2019 2851
Base Currency U.S. Dollar
Fund Inception Date Jan 28, 2016
Share Class Inception Date Jan 28, 2016
Asset Class Multi Asset
Morningstar Category Alt - Multistrategy
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 1.86%
ISIN LU1330438703
Bloomberg Ticker BSASI2E
Annual Management Fee As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs. 0.75%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BYPHM63
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 10000
Use of Income Accumulating

Ratings

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 31, 2019
Name Weight (%)
MANDATORY EXCHANGEABLE SPONSORED A 144A 5.75 06/01/2019 5.29
INNOGY 1.62
FREMF_16-KS05 B 144A 1.48
VODAFONE GROUP PLC RegS 2 02/25/2019 1.47
GLM_17-2A E 144A 1.28
Name Weight (%)
BX_18-EXCL D 144A 0.97
CAJUN_17-1A A2 144A 0.89
VOLCAN HOLDINGS II PLC RegS 3.875 10/10/2020 0.86
SCOR 0.80
FREMF_14-KS02 B 144A 0.73
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2019

% of Market Value

Type Fund
Allocations subject to change.
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
I2 Hgd EUR Accumulating 94.50 0.09 0.10 102.20 94.01 - LU1330438703 - -
Class Z2 Hedged EUR Accumulating 94.31 0.08 0.08 102.03 93.82 - LU1330439008 - -
D2RF Hgd GBP Accumulating 94.90 0.09 0.09 101.76 94.37 - LU1523256573 - -
A2 USD Accumulating 97.63 0.09 0.09 103.60 97.00 - LU1330438539 - -
X2 USD Accumulating 106.14 0.10 0.09 109.62 105.07 - LU1330439263 - -
E2 Hgd EUR Accumulating 90.22 0.08 0.09 99.09 89.85 - LU1373034856 - -
D2 Hgd CHF Accumulating 92.42 0.08 0.09 100.65 91.98 - LU1408527833 - -
I2 USD Accumulating 100.69 0.09 0.09 105.77 99.96 - LU1394258989 - -
A2 Hgd SEK Accumulating 905.53 0.75 0.08 989.60 901.31 - LU1441748792 - -
A4 USD Annual 97.65 0.09 0.09 103.62 97.03 - LU1376384522 - -
E2 EUR Accumulating 92.06 0.09 0.10 94.49 88.35 - LU1373034427 - -
I2 Hgd SEK Accumulating 929.73 0.80 0.09 1,005.80 924.74 - LU1435395477 - -
D2 Hgd EUR Accumulating 93.58 0.08 0.09 101.51 93.12 - LU1330438612 - -
D2 EUR Accumulating 95.37 0.10 0.10 97.55 90.49 - LU1373034690 - -
D2 USD Accumulating 99.55 0.10 0.10 104.86 98.86 - LU1373034773 - -
X2 Hgd EUR Accumulating 99.10 0.10 0.10 105.70 98.46 - LU1330439347 - -
I2RF Hgd CHF Accumulating 93.04 0.08 0.09 101.05 92.58 - LU1488387397 - -
Class Z2RF Hedged GBP Accumulating 97.15 0.08 0.08 103.91 96.59 - LU1330439180 - -
A4 Hgd EUR Annual 91.53 0.07 0.08 100.05 91.13 - LU1376384795 - -
A2 Hgd EUR Accumulating 91.24 0.08 0.09 99.72 90.83 - LU1403444943 - -
Class Z2 USD Accumulating 100.67 0.10 0.10 105.78 99.95 - LU1330438968 - -

Portfolio Managers

Portfolio Managers

Mark Woolley, CFA
Mark Woolley, CFA
Managing Director, Co-Chief Investment Officer of BlackRock Alternative Advisors

Mark R. Woolley, CFA, Managing Director, is the Co-Chief Investment Officer of BlackRock Alternative Advisors (BAA), the firm's Hedge Fund Solutions team.

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Mark R. Woolley, CFA, Managing Director, is the Co-Chief Investment Officer of BlackRock Alternative Advisors (BAA), the firm's Hedge Fund Solutions team. Mr. Woolley is a member of the BAA Investment Committee, the BAA Management Committee, and BAA's Co-Investment Portfolio Management Group. He is also a portfolio manager and is responsible for sourcing, evaluating, and monitoring hedge fund managers and hedge fund-sponsored co-investments, primarily across Europe and Asia.

 

Mr. Woolley's service with the firm dates back to 2001, including his years with Quellos Group, LLC, from which the alternative investment management business was acquired by BlackRock in 2007. At Quellos, Mr. Woolley served as Managing Director focused on sourcing, evaluating, and monitoring alternative investment managers, most recently for Quellos Asia Limited and previously for Quellos Europe, Ltd. in London.

 

In addition, Mr. Woolley serves as a member of the Board of Governors and a trustee for the Church Commissioners, the body responsible for the management of the Church of England's investment portfolio.

 

Mr. Woolley earned a BA degree in business administration with a concentration in finance from the University of Washington in 2000.

Literature

Literature