Equity

BSF Global Event Driven 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.

The value of your investment and the income from it will vary and your initial investment amount is not guaranteed. Overseas investments will be affected by movements in currency exchange rates.
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Performance

Performance

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This chart shows the fund's performance as the percentage loss or gain per year over the last 3 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2017 2018 2019 2020 2021
Total Return (%) 4.6 6.4 1.9
Comparator Benchmark 1 (%) 2.3 0.7 0.0
  1y 3y 5y 10y Incept.
-1.08 2.60 - - 2.92
Comparator Benchmark 1 (%) 0.37 0.57 - - 1.11
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.41 1.61 0.77 -1.48 -1.08 8.02 - - 13.77
Comparator Benchmark 1 (%) 0.36 0.16 0.23 0.35 0.37 1.72 - - 5.07
  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
From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of 30-Jun-22

- 3.98 2.20 9.28 -5.59
Comparator Benchmark 1 (%)

as of 30-Jun-22

- 2.31 1.63 0.09 0.17

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 JPY, 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 26-Sep-22 USD 4,487,026,395
Inception Date 07-Mar-18
Fund Launch Date 04-Aug-15
Share Class Currency JPY
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 1.07%
Annual Management Fee 1.00%
Performance Fee 20.00%
Minimum Initial Investment JPY 10,000,000.00
Minimum Subsequent Investment JPY 10,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BSGEI2J
ISIN LU1781817421
SEDOL BFX17R0

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-22 284
Standard Deviation (3y) as of 31-Aug-22 5.63%
3y Beta as of 31-Aug-22 -9.060
P/E Ratio as of 31-Aug-22 19.42
P/B Ratio as of 31-Aug-22 2.64

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), 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.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’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.

MSCI - Controversial Weapons as of 31-Aug-22 0.01%
MSCI - UN Global Compact Violators as of 31-Aug-22 0.00%
MSCI - Nuclear Weapons as of 31-Aug-22 0.01%
MSCI - Thermal Coal as of 31-Aug-22 0.00%
MSCI - Civilian Firearms as of 31-Aug-22 0.14%
MSCI - Oil Sands as of 31-Aug-22 0.00%
MSCI - Tobacco as of 31-Aug-22 0.11%

Business Involvement Coverage as of 31-Aug-22 49.43%
Percentage of Fund not covered as of 31-Aug-22 14.61%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.72%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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 evaluates the fundamental and strategic aspects of each security in which the Fund may invest. This may include a detailed, comprehensive review and analysis of all aspects of the company, including ESG policies, when evaluating opportunities. The Fund manager's deep due diligence informs a holistic perspective on a given issuer and may impact the investment decision. Additionally, on a regular basis the Fund manager conducts portfolio risk reviews with the Risk and Quantitative Analysis group. 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

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31-Aug-22
Name Weight (%)
MEGGITT PLC 4.40
FIRST HORIZON CORP (TENNESSEE) 4.25
AVAST PLC 3.28
MANDIANT INC 2.78
ACTIVISION BLIZZARD INC 2.74
Name Weight (%)
CITRIX SYSTEMS INC 2.67
ROGERS CORPORATION 2.50
SHAW COMMUNICATIONS INC. 2.38
HOWMET AEROSPACE INC 2.24
TOWER SEMICONDUCTOR LTD. 1.75
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-22

% of Market Value

Type Fund
as of 31-Aug-22

% of Market Value

Type Fund
as of 31-Aug-22

% of Market Value

Type Fund
as of 31-Aug-22

% 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 TIS
Class I2 Hedged JPY - 11,126.42 -14.35 -0.13 26-Sep-22 11,609.99 10,796.02 LU1781817421 -
Class I5 USD Quarterly 121.93 -0.14 -0.11 26-Sep-22 125.96 117.50 LU1603214153 -
Class I5 Hedged GBP Quarterly 114.85 -0.17 -0.15 26-Sep-22 119.41 111.07 LU1603215044 -
Class AI2 EUR - 101.41 -0.14 -0.14 26-Sep-22 107.17 98.73 LU2103007592 -
Class S2 USD - 106.87 -0.12 -0.11 26-Sep-22 110.41 102.99 LU2099035045 -
Class Z2 Hedged EUR None 121.49 -0.16 -0.13 26-Sep-22 127.24 117.91 LU1288049940 -
Class Z2 Hedged GBP None 128.21 -0.18 -0.14 26-Sep-22 133.13 123.89 LU1288049866 -
Class Z2 USD None 136.77 -0.16 -0.12 26-Sep-22 141.27 131.73 LU1258025839 -
Class A2 USD None 126.45 -0.16 -0.13 26-Sep-22 131.22 122.13 LU1251620883 -
Class A2 Hedged CHF None 109.04 -0.16 -0.15 26-Sep-22 115.43 106.19 LU1400751324 -
Class IA2 Hedged EUR - 103.33 -0.13 -0.13 26-Sep-22 107.94 100.20 LU2125116769 -
Class D2 Hedged EUR None 113.21 -0.15 -0.13 26-Sep-22 119.10 110.04 LU1373035077 -
Class E2 EUR None 145.76 0.68 0.47 26-Sep-22 145.76 124.85 LU1278928657 -
Class D2 Hedged GBP None 118.65 -0.18 -0.15 26-Sep-22 123.56 114.83 LU1373034930 -
Class I2 Hedged CHF None 108.44 -0.14 -0.13 26-Sep-22 113.99 105.37 LU1603214401 -
Class I2 Hedged EUR None 115.54 -0.15 -0.13 26-Sep-22 121.25 112.21 LU1382784764 -
Class Z2 Hedged CHF None 118.87 -0.16 -0.13 26-Sep-22 124.73 115.43 LU1341466644 -
Class D2 Hedged CHF None 112.04 -0.16 -0.14 26-Sep-22 118.08 108.96 LU1387771113 -
Class IA2 USD - 116.01 -0.13 -0.11 26-Sep-22 119.78 111.64 LU1921562119 -
Class S2 Hedged EUR - 103.26 -0.14 -0.14 26-Sep-22 108.34 100.28 LU1706559405 -
Class E2 Hedged EUR None 108.86 -0.15 -0.14 26-Sep-22 115.52 106.11 LU1278928574 -
Class A2 Hedged HKD None 1,041.98 -1.27 -0.12 26-Sep-22 1,086.94 1,009.59 LU2114397776 -
Class D4 Hedged GBP - 102.11 -0.16 -0.16 26-Sep-22 106.34 98.83 LU2215606471 -
Class X2 USD None 151.68 -0.16 -0.11 26-Sep-22 156.52 145.76 LU1264793958 -
Class I4 Hedged EUR - 110.80 -0.15 -0.14 26-Sep-22 116.22 107.59 LU1817852764 -
Class I2 USD None 120.71 -0.14 -0.12 26-Sep-22 124.70 116.33 LU1251621345 -
Class I2 BRL Hedged (USD) USD - 90.79 -2.02 -2.18 26-Sep-22 103.15 79.85 LU2008661006 -
Class D2 USD None 130.14 -0.15 -0.12 26-Sep-22 134.54 125.51 LU1251621188 -
Class A2 Hedged SGD None 104.38 -0.13 -0.12 26-Sep-22 108.61 100.98 LU2114397859 -
Class A4 Hedged EUR Annual 104.86 -0.15 -0.14 26-Sep-22 110.81 102.09 LU1697783881 -
Class A2 Hedged EUR None 109.26 -0.15 -0.14 26-Sep-22 115.44 106.36 LU1376384878 -

Portfolio Managers

Portfolio Managers

Mark McKenna
Mark McKenna

Literature

Literature