BSF European Absolute Return Fund

Equity

BSF European Absolute Return Fund

  • NAV as of 17-Jun-19 EUR 136.15
    52 WK: 129.15 - 136.17
  • 1 Day NAV Change as of 17-Jun-19 0.03 (0.02%)

Overview

Investment Approach

The investment strategy of this Fund is currently capacity constrained which means that the Fund is closed to new subscriptions.

The Fund aims to achieve positive absolute returns 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 market exposure to shares of companies domiciled in, or the main business of which is in, Europe (including former Soviet Union countries). This is achieved by investing at least 70% of its assets in shares, other equity-related securities and when determined appropriate fixed income (FI) securities, money market instruments (MMIs) deposits and cash.

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

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Performance

Performance

  • Returns

  From
31-Mar-2014
To
31-Mar-2015		 From
31-Mar-2015
To
31-Mar-2016		 From
31-Mar-2016
To
31-Mar-2017		 From
31-Mar-2017
To
31-Mar-2018		 From
31-Mar-2018
To
31-Mar-2019
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 31-Mar-19

-0.05 3.19 -6.03 4.29 3.86
Benchmark (%) Index: 3 Month Euro Libor Rate<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 31-Mar-19

0.12 -0.08 -0.32 -0.38 -0.35

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged fund benchmark performance is displayed in EUR.

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

Chart

Performance chart data not available for display.
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Share Class performance displayed in  EUR. Performance is show on a net asset value basis, with gross income reinvested.

Distributions

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Size of Fund (Millions) as of 17-Jun-19 EUR 1,712.387
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 31-May-19 123
Base Currency EUR
Fund Launch Date 27-Feb-09
Inception Date 27-Feb-09
Asset Class Equity
Morningstar Category Alt - Market Neutral - Equity
Benchmark Index 3 Month Euro Libor Rate
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 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. 1.88%
ISIN LU0414668557
Bloomberg Ticker BLEUAD4
Initial Charge 5.00%
Performance Fee 20.00%
SEDOL B595DS9
Bloomberg Benchmark Ticker ECC0TR03
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31-May-19
Name Weight (%)
NOVO NORDISK A/S 2.76
RELX PLC 2.62
SIKA AG 2.55
LONZA GROUP AG 2.47
DSV A/S 2.38
Name Weight (%)
STRAUMANN HOLDING AG 2.27
SAFRAN SA 2.25
ROYAL UNIBREW A/S 1.59
DCC PLC 1.55
ASSOCIATED BRITISH FOODS PLC 1.55
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-May-19

% of Market Value

Type Long Short Net
as of 31-May-19

% of Market Value

Type Long Short Net
as of 31-May-19

% of Market Value

Type Long Short Net
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 A4 EUR Annual 136.15 0.03 0.02 136.17 129.15 - LU0414668557 - -
Class D2 Hedged GBP None 148.13 0.06 0.04 148.13 138.94 - LU0802637750 - -
Class D2 Hedged CHF None 138.05 0.05 0.04 138.07 131.11 - LU0748867792 - -
Class D4 EUR Annual 139.31 0.05 0.04 139.32 131.96 - LU0827970921 - -
Class A2 EUR None 136.21 0.04 0.03 136.23 129.30 - LU0411704413 - -
Class I2 EUR None 143.90 0.04 0.03 143.91 136.18 - LU0776931064 - -
Class E2 EUR None 130.78 0.03 0.02 130.81 124.50 - LU0414665884 - -
Class D2 EUR None 141.62 0.04 0.03 141.63 134.19 - LU0414666189 - -

Portfolio Managers

Portfolio Managers

David Tovey
David Tovey
Stefan Gries
Stefan Gries

Literature

Literature