Equity

BSF BlackRock Systematic Global Equity Absolute Return Fund

  • NAV as of 29-Sep-23 SEK 950.21
    52 WK: 900.80 - 952.17
  • 1 Day NAV Change as of 29-Sep-23 -0.90 (-0.09%)

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 domiciled in, or the main business of which is in, developed countries worldwide. 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. contracts the value of which is based on one or more underlying assets). FDIs may be used to help achieve the Fund’s investment objective and the Fund may, via FDIs, generate market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). At any one time, a substantial amount, or even all of the Fund’s assets may be held as cash to provide cover for the exposure created by the use of FDIs or to assist in achieving its investment objective.

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.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

Performance chart data not available for display.
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Reinvestments

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

This chart shows the fund's performance as the percentage loss or gain per year over the last 8 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) -1.9 -7.0 8.7 -2.4 -3.7 -1.8 2.0 -1.3
Comparator Benchmark 1 (%) 0.1 0.3 0.9 1.9 2.3 0.7 0.0 1.5

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
Total Return (%) 4.25 -1.06 -0.75 - -0.68
Comparator Benchmark 1 (%) 4.25 1.55 1.65 - 1.20
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 1.46 -0.98 2.29 1.35 4.25 -3.15 -3.71 - -5.82
Comparator Benchmark 1 (%) 3.13 0.45 1.31 2.47 4.25 4.72 8.55 - 11.16
  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		 From
30-Jun-2022
To
30-Jun-2023
Total Return (%)

as of 30-Jun-23

1.05 -2.01 -0.89 -4.44 2.58
Comparator Benchmark 1 (%)

as of 30-Jun-23

2.31 1.63 0.09 0.17 3.59

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in SEK 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 29-Sep-23 USD 38,227,087
Inception Date 29-Oct-14
Fund Launch Date 02-Jun-14
Share Class Currency SEK
Base Currency USD
Asset Class Equity
Comparator Benchmark 1 ICE BofA 3-MO US Treasury Bill (G0O1)
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 2.28%
ISIN LU1122056838
Annual Management Fee 1.80%
Performance Fee 0.00%
Minimum Initial Investment SEK 5,000.00
Minimum Subsequent Investment SEK 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Equity Market Neutral Other
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BSLSA2S
SEDOL BRJKYW9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-23 3792
Standard Deviation (3y) as of 31-Aug-23 4.61%
3y Beta as of 31-Aug-23 1.815
P/E Ratio as of 31-Aug-23 14.15
P/B Ratio as of 31-Aug-23 -0.17

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform 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, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate metrics, and other factors.

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-Aug-23
Name Weight (%)
AMAZON.COM INC 2.24
VISA INC 1.56
GENERAL MOTORS CO 1.53
MANHATTAN ASSOCIATES INC 1.46
VERISIGN INC 1.15
Name Weight (%)
ENGIE SA 1.09
MOODYS CORPORATION 1.06
METLIFE INC 1.02
CARREFOUR SA 0.96
VEOLIA ENVIRONNEMENT SA 0.96
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-23

% of Market Value

Type Fund
as of 31-Aug-23

% of Market Value

Type Fund
as of 30-Jun-16

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-23

% 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

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A2 Hedged SEK None 950.21 -0.90 -0.09 29-Sep-23 952.17 900.80 LU1122056838
Class J5 USD Quarterly 119.15 -0.12 -0.10 29-Sep-23 119.27 109.94 LU1069250626
Class C2 USD None 99.05 -0.09 -0.09 29-Sep-23 99.14 92.81 LU1153524746
Class X2 USD None 136.90 -0.12 -0.09 29-Sep-23 137.02 124.49 LU1069250386
Class D2 Hedged EUR None 102.49 -0.10 -0.10 29-Sep-23 102.59 96.79 LU1069250972
Class E2 Hedged EUR None 92.44 -0.09 -0.10 29-Sep-23 92.66 88.25 LU1069251277
Class D2 USD None 113.96 -0.10 -0.09 29-Sep-23 114.06 105.14 LU1153525040
Class D2 Hedged GBP None 109.07 -0.11 -0.10 29-Sep-23 109.18 101.46 LU1103452089
Class A2 USD None 112.75 -0.10 -0.09 29-Sep-23 112.85 104.62 LU1069250113
Class AI2 Hedged EUR - 94.31 -0.10 -0.11 29-Sep-23 94.46 89.63 LU2008562360
Class I2 Hedged EUR None 96.52 -0.09 -0.09 29-Sep-23 96.61 90.89 LU1139081738
Class A2 Hedged EUR None 93.47 -0.09 -0.10 29-Sep-23 93.62 88.78 LU1162516717

Portfolio Managers

Portfolio Managers

Kevin Franklin
Kevin Franklin
Andrew Huzzey
Andrew Huzzey

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment SEK 100,000
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
83,430 SEK
-16.6%
72,040 SEK
-6.3%

Unfavourable

What you might get back after costs
Average return each year
84,860 SEK
-15.1%
85,740 SEK
-3.0%

Moderate

What you might get back after costs
Average return each year
94,890 SEK
-5.1%
92,440 SEK
-1.6%

Favourable

What you might get back after costs
Average return each year
105,020 SEK
5.0%
102,550 SEK
0.5%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature