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BSF Asia Pacific Diversified Equity Absolute Return Fund

Equity

BSF Asia Pacific Diversified Equity Absolute Return Fund

  • NAV as of Feb 19, 2019 EUR 99.97
    52 WK: 96.73 - 101.39
  • 1 Day NAV Change as of Feb 19, 2019 -0.51 (-0.51%)

Overview

Investment Approach

The Fund aims to achieve a positive absolute return through a combination of capital growth and income on your investment regardless of market conditions. The Fund seeks to gain at least 70% of any investment exposure to equity securities (e.g. shares) of companies incorporated or listed in the Asia Pacific region, including Australia and Japan. This is achieved by investing at least 70% of its assets in equity securities, other equity-related securities and, when determined appropriate fixed income (FI) securities (such as bonds), money market instruments (MMIs) (i.e. debt securities with short-term maturities), deposits and cash. The equity-related securities include financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets).
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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

- - - - 3.39
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 Class (Millions) -
Size of Fund (Millions) as of Feb 19, 2019 USD 23.698
Asset Class Alternative
Lipper Classification -
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. 1850
CUSIP BRT70EVD1
Fund Inception Date Feb 22, 2017
Share Class Inception Date Feb 22, 2017
Morningstar Category Alt - Market Neutral - Equity
Regulatory Structure UCITS
Net, Including Investment Related Expenses Expenses stated as of the fund's most recent prospectus. Investment dividend expense, interest expense, acquired fund fees and expenses and certain other fund expenses are included in the Net, Including Investment Related expenses and excluded from the Net, Excluding Investment Related expenses. BlackRock may contractually agree to waive or reimburse certain fees and expenses until a specified date. Contractual waivers terminable upon 90 days’ notice by the fund's independent trustees or majority vote of outstanding fund securities. BlackRock may also voluntarily agree to waive certain fees and expenses in which the adviser may discontinue at any time without notice. For LifePath Portfolios, the Net, Including Investment Related expense ratio includes a contractual waiver equal to the amount of the acquired fund fees and independent expenses of the funds. Please see the prospectus for additional information. -
Net, Excluding Investment Related Expenses -
Management Company BlackRock (Luxembourg) S.A.
Gross Expense Ratio -
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. 0.93%
Distribution Frequency How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually and quarterly. Accumulating
ISIN LU1508158604
Bloomberg Ticker BSAZ2EH
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. 0.50%
Max Offer Price -
Initial Charge 0.00%
Open to New Investors No
Performance Fee 20.00%
Turnover Percent -
SEDOL BDR09Y0
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 (%)
CAPITALAND MALL TRUST 2.95
CHAILEASE HOLDING CO LTD 2.84
RADIANT OPTO-ELECTRONICS CORP 2.45
PTT GLOBAL CHEMICAL PCL 2.23
CAPITALAND LTD 2.19
Name Weight (%)
CHINA MOBILE LTD 2.02
ASCENDAS REAL ESTATE INVESTMENT TRUST 2.01
CK HUTCHISON HOLDINGS LTD 2.00
CHINA STEEL CORPORATION 1.90
WISTRON NEWEB CORP 1.84
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, asset classes are not available at this time.
Allocations subject to change.
as of Jan 31, 2019

% of Market Value

Type Fund
Sorry, maturities are not available at this time.
Sorry, currency data is not available at this time.
Sorry, ratings are not available at this time.
as of Jan 31, 2019

% 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 Z2 Hedged EUR Accumulating 99.97 -0.51 -0.51 101.39 96.73 - LU1508158604 - -
Class Z2 USD Accumulating 104.57 -0.52 -0.49 105.20 98.50 - LU1508158356 - -
D2 Hgd EUR Accumulating 98.11 -0.59 -0.60 100.03 95.44 - LU1593227850 - -
D2 USD Accumulating 103.90 -0.61 -0.58 104.66 98.28 - LU1508158190 - -
A2 USD Accumulating 102.88 -0.61 -0.59 103.72 97.78 - LU1508157978 - -
E2 Hgd EUR Accumulating 97.05 -0.58 -0.59 99.74 95.28 - LU1508158513 - -
Class Z2 Hedged GBP Accumulating 100.74 -0.54 -0.53 101.88 96.44 - LU1586024074 - -
A2 Hgd EUR Accumulating 97.99 -0.58 -0.59 100.24 95.78 - LU1508158430 - -
X2 USD Accumulating 106.60 -0.62 -0.58 107.35 99.54 - LU1508158273 - -

Portfolio Managers

Portfolio Managers

Jeff Shen, PhD
Jeff Shen, PhD
Managing Director, Co-CIO of Active Equity and Co-Head of Systematic Active Equity

 Jeff Shen

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Jeff Shen, PhD, Managing Director, is Co-CIO of Active Equity and Co-Head of Systematic Active Equity (SAE) at BlackRock. He is responsible for Asia Pacific and Emerging Market Active Equity Strategies. He is BlackRock's Head of Emerging Market and a member of the Global Operating Committee.

 

Dr. Shen's service with BlackRock dates back to 2004, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was the Head of Investment for Asia Pacific and Emerging Market active equities. Prior to joining BGI, he began his career in 1997 with JP Morgan where he held numerous positions in global macro investment and asset allocation research in both New York and London.

 

Dr. Shen earned a BA degree in Economics from Hobart College, a MA degree in Economics from University of Massachusetts at Amherst, and a PhD degree in Finance from New York University.

 

Dr. Shen is an adjunct professor at NYU teaching a MBA class on international investment. He also serves on the advisory board of Clausen Center at UC Berkeley.

Literature

Literature