Equity

BSF BlackRock Systematic Global Equity Absolute Return Fund

Overview

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

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Reinvestments

This product does not have any distributions data as of now.

This chart shows the fund's performance as the percentage loss or gain per year over the last 3 years.

  2018 2019 2020 2021 2022
Total Return (%) -1.1 1.3 -1.0
Comparator Benchmark 1 (%) 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.
4.90 -0.94 - - -1.09
Comparator Benchmark 1 (%) 4.25 1.55 - - 1.51
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.97 -0.87 2.58 1.78 4.90 -2.81 - - -4.43
Comparator Benchmark 1 (%) 3.13 0.45 1.31 2.47 4.25 4.72 - - 6.35
  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

- - -0.25 -5.14 2.95
Comparator Benchmark 1 (%)

as of 30-Jun-23

- - 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 EUR 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 03-Oct-23 USD 38,056,690
Inception Date 17-Jul-19
Fund Launch Date 02-Jun-14
Share Class Currency EUR
Base Currency USD
Asset Class Equity
Comparator Benchmark 1 ICE BofA 3-MO US Treasury Bill (G0O1)
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 1.39%
ISIN LU1139081738
Annual Management Fee 1.20%
Performance Fee 0.00%
Minimum Initial Investment EUR 10,000,000.00
Minimum Subsequent Investment EUR 10,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Equity Market Neutral EUR
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BSLSI2E
SEDOL BSNM0K8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-23 3792
Standard Deviation (3y) as of 31-Aug-23 4.67%
3y Beta as of 31-Aug-23 2.006
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

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BSF BlackRock Systematic Global Equity Absolute Return Fund, Class I2 Hedged, as of 30-Sep-23 rated against 214 Equity Market Neutral EUR Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 27-Jul-23)

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 I2 Hedged EUR None 96.92 0.32 0.33 03-Oct-23 96.92 90.89 LU1139081738
Class A2 Hedged EUR None 93.85 0.31 0.33 03-Oct-23 93.85 88.78 LU1162516717
Class C2 USD None 99.44 0.32 0.32 03-Oct-23 99.44 92.81 LU1153524746
Class D2 Hedged GBP None 109.53 0.36 0.33 03-Oct-23 109.53 101.46 LU1103452089
Class A2 Hedged SEK None 953.97 3.02 0.32 03-Oct-23 953.97 900.80 LU1122056838
Class D2 USD None 114.42 0.36 0.32 03-Oct-23 114.42 105.14 LU1153525040
Class X2 USD None 137.48 0.45 0.33 03-Oct-23 137.48 124.49 LU1069250386
Class E2 Hedged EUR None 92.81 0.30 0.32 03-Oct-23 92.81 88.25 LU1069251277
Class A2 USD None 113.20 0.36 0.32 03-Oct-23 113.20 104.62 LU1069250113
Class AI2 Hedged EUR - 94.69 0.28 0.30 03-Oct-23 94.69 89.63 LU2008562360
Class J5 USD Quarterly 119.64 0.38 0.32 03-Oct-23 119.64 109.94 LU1069250626
Class D2 Hedged EUR None 102.91 0.33 0.32 03-Oct-23 102.91 96.79 LU1069250972

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 EUR 10,000
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
8,710 EUR
-12.9%
7,440 EUR
-5.7%

Unfavourable

What you might get back after costs
Average return each year
9,330 EUR
-6.7%
9,540 EUR
-0.9%

Moderate

What you might get back after costs
Average return each year
10,130 EUR
1.3%
10,910 EUR
1.8%

Favourable

What you might get back after costs
Average return each year
11,130 EUR
11.3%
12,790 EUR
5.0%

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



Literature

Literature