Multi Asset

BSF Macro Opportunities Fund

Overview

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

  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
From
31-Mar-2019
To
31-Mar-2020
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-20

- - - -0.58 -6.40

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 GBP, 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

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Performance chart data not available for display.
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Reinvestments

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

Key Facts

Key Facts

Size of Fund (Millions) as of 05-Jun-20 USD 38.992
Base Currency USD
Fund Launch Date 29-Nov-17
Inception Date 29-Nov-17
Asset Class Multi Asset
Morningstar Category Alt - Global Macro
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU1681057110
Bloomberg Ticker BSMZ2GH
Initial Charge 0.00%
Performance Fee 15.00%
SEDOL BF51XD6
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 10000000
Minimum Subsequent Investment GBP 10000
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a Fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics using links below.


Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research to provide a summed up view across holdings and translates it to a Fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 29-May-20
Name Weight (%)
3MO EURO EURIBOR SEP 20 09/14/2020 147.02
ICEE: (CDX.NA.IG.34.V1) 1 06/20/2025 ICEE 27.29
SHORT EURO-BTP (ITALY GOVT) JUN 20 06/08/2020 25.98
Notional Cash Offset (LUK SWAP) 22.65
SPAIN (KINGDOM OF) 0.35 07/30/2023 16.70
Name Weight (%)
SWP: IFS 3.440000 15-FEB-2030 14.89
ITALY (REPUBLIC OF) 1.45 09/15/2022 11.78
BLK ICS USD LIQ AGENCY DIS 9.49
USD CASH(Alpha Committed) 8.29
TREASURY BILL 06/23/2020 7.92
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-May-20

% of Market Value

Type Fund
Allocations subject to change.
Sorry, sectors are not available at this time.
Sorry, maturities are not available at this time.
as of 29-May-20

% of Market Value

Type Fund
Sorry, ratings are not available at this time.
Sorry, market cap data is not available at this time.
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 Z2 Hedged GBP None 95.59 0.04 0.04 98.41 90.58 - LU1681057110 - -
Class I2 EUR - 103.11 -0.17 -0.16 110.02 99.99 - LU1919855830 - -
Class Z2 Hedged (BRL) USD None 68.62 1.87 2.80 91.56 56.26 - LU1694210052 - -
Class AI2 Hedged EUR - 96.86 0.03 0.03 100.25 91.95 - LU2008562444 - -
Class E2 Hedged EUR - 90.86 0.03 0.03 94.77 86.47 - LU1786036803 - -
Class Z2 Hedged CHF None 92.60 0.03 0.03 95.53 87.84 - LU1681057201 - -
Class X2 USD None 101.71 0.04 0.04 104.35 96.07 - LU1681056815 - -
Class D2 Hedged GBP - 96.04 0.03 0.03 98.86 90.92 - LU1834329317 - -
Class D2 USD - 99.76 0.04 0.04 102.60 94.44 - LU1933810498 - -
Class I2 BRL Hedged (USD) USD - 80.62 2.20 2.81 107.54 66.09 - LU1681056732 - -
Class D2 EUR - 101.54 -0.16 -0.16 108.55 98.52 - LU1919855327 - -
Class E2 EUR - 105.83 -0.18 -0.17 113.56 102.94 - LU1786036639 - -
Class A2 USD None 98.23 0.03 0.03 101.15 93.08 - LU1681056658 - -
Class D2 Hedged EUR - 96.63 0.03 0.03 99.52 91.60 - LU1933810654 - -
Class Z2 USD None 100.09 0.04 0.04 102.77 94.60 - LU1681056906 - -
Class Z2 Hedged EUR None 93.46 0.03 0.03 96.25 88.60 - LU1681057037 - -

Portfolio Managers

Portfolio Managers

Stuart Spodek
Stuart Spodek
Jack Hattem
Jack Hattem

Literature

Literature