Equity

BSF Asia Pacific 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 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. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. Investments in China are subject to certain additional risks, particularly regarding the ability to deal in equity securities in China due to issues relating to liquidity and the repatriation of capital. As a result, the Fund may choose to gain exposure to Chinese equities indirectly and may be unable to gain full exposure to the Chinese equity markets. The strategies utilized 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 Funds. Investors in this fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general stock market trends as both positive and negative share movements affect the overall value of the fund. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. The fund may invest in exchange traded funds which have exposure to property securities and commodities (through an index). Property investments are subject to adverse changes in economic conditions, adverse local market conditions and risks associated with the acquisition, financing and ownership and operation and disposal of real property. The underlying commodities index may concentrate investment on selected commodity futures of multinational markets. This makes the exchange traded fund extremely dependent on the performance of the commodity markets concerned. The Fund may invest more than 10% of its Net Asset Value in the units of UCITS and/or other UCIs.
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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of 30-Jun-21

- -2.11 1.43 5.37 4.75
  1y 3y 5y 10y Incept.
4.75 3.83 - - 1.20
  YTD 1m 3m 1y 3y 5y 10y Incept.
9.18 2.90 0.94 4.75 11.94 - - 5.92

The figures shown relate to past performance. Past performance is not a reliable indicator of current or 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 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

Size of Fund (Millions) as of 30-Jul-21 USD 34.051
12m Trailing Yield -
Number of Holdings as of 30-Jun-21 95
Base Currency U.S. Dollar
Fund Launch Date 31-Aug-16
Inception Date 31-Aug-16
Asset Class Equity
Morningstar Category Long/Short Equity - Other
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 2.36%
ISIN LU1417814131
Bloomberg Ticker BSAPE2E
Initial Charge 3.00%
Performance Fee 20.00%
SEDOL BZB1TN2
Dealing Settlement Trade Date + 3 days
Dealing Frequency Weekly, Business Day
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment -
Use of Income Accumulating

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and decision phases of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related 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 30-Jun-21
Name Weight (%)
KUAISHOU TECHNOLOGY 3.89
SUNGROW POWER SUPPLY CO LTD 3.32
CHINA MENGNIU DAIRY CO LTD 3.10
PRUDENTIAL PLC 3.01
ZHONGSHENG GROUP HOLDINGS LTD 2.72
Name Weight (%)
SK INNOVATION CO LTD 2.68
ICICI BANK LTD 2.68
YUM CHINA HOLDINGS INC 2.67
PETROCHINA CO LTD 2.63
JOINN LABORATORIES CHINA CO LTD 2.57
Holdings 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 E2 EUR None 103.60 -1.66 -1.58 107.71 94.88 - LU1417814131 - -
Class D2 Hedged GBP None 108.18 -0.87 -0.80 111.86 100.94 - LU1417814057 - -
Class X2 USD None 125.12 -0.99 -0.79 129.67 113.13 - LU1417814214 - -
Class Z2 USD None 116.81 -0.93 -0.79 120.83 108.00 - LU1417814305 - -
Class D2 Hedged EUR None 105.40 -0.86 -0.81 109.03 98.18 - LU1495982511 - -
Class D2 EUR None 109.21 -1.75 -1.58 113.47 100.27 - LU1495982602 - -
Class A2 EUR None 105.65 -1.69 -1.57 109.81 96.87 - LU1417813836 - -
Class E2 Hedged EUR None 101.75 -0.83 -0.81 105.34 95.04 - LU1495982271 - -
Class A2 GBP None 100.22 -1.57 -1.54 104.83 95.54 - LU1513020419 - -
Class A4 Hedged EUR Annual 102.50 -0.83 -0.80 106.06 95.70 - LU1417813919 - -
Class Z2 Hedged EUR None 106.14 -0.86 -0.80 109.85 98.72 - LU1417814487 - -
Class D2 USD None 115.46 -0.93 -0.80 119.38 107.54 - LU1495982438 - -
Class Z2 Hedged CHF None 104.82 -0.84 -0.80 108.48 97.29 - LU1417814560 - -

Portfolio Managers

Portfolio Managers

Samuel Vecht
Samuel Vecht
Steve Wong
Steve Wong
Ada Zhang
Ada Zhang

Literature

Literature