BSF Sustainable Euro Bond Fund

Fixed Income

BSF Sustainable Euro Bond Fund

  • NAV as of 18-Apr-19 EUR 101.10
    52 WK: 97.52 - 101.27
  • 1 Day NAV Change as of 18-Apr-19 0.26 (0.26%)

Overview

Investment Approach

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 80% of its total assets in Euro denominated fixed income (FI) securities, and FI related securities and, when determined appropriate, deposits and cash. FI securities include bonds and money market instruments (MMIs) (i.e. debt securities with short term maturities). FI-related securities include financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). At least 80% of the Fund’s total assets will be investment grade (i.e. meet a specified level of credit worthiness) at the time of purchase.

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.

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. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The Fund utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. 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 Fund. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. 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-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

- - - 2.46 1.79
Benchmark (%) Index: BBG Barc Euro Aggregate 500+<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

- - - 2.37 2.19

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 and Benchmark performance displayed in EUR. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

Reinvestments

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 18-Apr-19 EUR 133.884
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 29-Mar-19 300
Base Currency EUR
Fund Launch Date 23-Aug-16
Inception Date 23-Aug-16
Asset Class Fixed Income
Morningstar Category EUR Diversified Bond
Benchmark Index BBG Barc Euro Aggregate 500+
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. 0.66%
ISIN LU1435395808
Bloomberg Ticker BSSED2E
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BDC7ZV5
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment -
Use of Income Accumulating

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 29-Mar-19
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) RegS 0 10/13/2023 2.83
ITALY (REPUBLIC OF) 4.75 09/01/2028 2.42
FRANCE (REPUBLIC OF) 2 05/25/2048 1.98
GERMANY (FEDERAL REPUBLIC OF) RegS 3 07/04/2020 1.73
FRANCE (REPUBLIC OF) 1.75 06/25/2039 1.45
Name Weight (%)
SPAIN (KINGDOM OF) 1.45 04/30/2029 1.06
FRANCE (REPUBLIC OF) 1.5 05/25/2050 1.04
ITALY (REPUBLIC OF) 3.75 05/01/2021 1.02
AUSTRIA (REPUBLIC OF) MTN 0.5 04/20/2027 1.02
FRANCE (REPUBLIC OF) RegS 1.85 07/25/2027 0.98
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Mar-19

% of Market Value

Type Fund Benchmark Net
as of 29-Mar-19

% of Market Value

Type Fund Benchmark Net
as of 29-Mar-19

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 29-Mar-19

% of Market Value

Type Fund Benchmark Net
as of 29-Mar-19

% of Market Value

Type Fund Benchmark Net
as of 29-Mar-19

% of Market Value

Type Fund Benchmark 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 D2 EUR None 101.10 0.26 0.26 101.27 97.52 - LU1435395808 - -
Class I2 EUR None 101.49 0.26 0.26 101.66 97.82 - LU1435395980 - -
Class A4 EUR Annual 100.12 0.25 0.25 100.30 96.74 - LU1435395717 - -
Class X2 EUR None 102.49 0.26 0.25 102.66 98.57 - LU1435396012 - -
Class Z2 EUR - 102.57 0.26 0.25 102.74 98.93 - LU1864666679 - -
Class A2 EUR None 100.19 0.26 0.26 100.37 96.80 - LU1435395634 - -
Class E2 EUR None 98.87 0.25 0.25 99.07 95.73 - LU1495982354 - -

Portfolio Managers

Portfolio Managers

Michael Krautzberger
Michael Krautzberger
Head, BlackRock’s Pan-European Fixed Income Team

     

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Michael Krautzberger, CFA, EFFAS, Managing Director. Michael is Head of the Fundamental Pan European Fixed Income team within BlackRock's Global Fixed Income Group.
Mr. Krautzberger's service with the firm dates back to 2005, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. He joined MLIM as head of the European Fixed Income Aggregate portfolio team and was responsible for the UCITS III restructuring of the MLIIF Euro Bond Funds. From 2011 to 2014 he also served as Chief Investment Officer and member of the board of BlackRock Asset Management Deutschland AG. Prior to joining MLIM, Mr. Krautzberger was head of European fixed income at Union Investment in Frankfurt since 1999. Previously, he spent five years with Deutsche Bank's DWS, where he managed global fixed income portfolios and was responsible for the pre-Euro European currency unit and structured products.
Mr. Krautzberger earned a BA degree in business administration and computer science from the European Business School in 1994, and an MA degree in economics from the University of Hagen in 1996.

Ronald van Loon
Ronald van Loon

Literature

Literature