Equity

BSF Emerging Companies 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.

Shares in smaller companies typically trade in less volume and experience greater price variations than larger companies. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Due to its investment strategy an 'Absolute Return' fund may not move in line with market trends or fully benefit from a positive market environment. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.
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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

- - - 13.90 17.59
Benchmark (%)

as of 30-Jun-21

- - - 0.66 0.06
  1y 3y 5y 10y Incept.
18.20 - - - 16.35
Benchmark (%)

as of 31-Aug-21

0.06 - - - 0.46
  YTD 1m 3m 1y 3y 5y 10y Incept.
16.47 4.00 12.43 18.20 - - - 54.41
Benchmark (%)

as of 31-Aug-21

0.04 0.01 0.02 0.06 - - - 1.33

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 GBP.

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 15-Sep-21 GBP 878.854
12m Trailing Yield -
Number of Holdings 223
Base Currency British Pound
Fund Launch Date 17-Oct-18
Inception Date 17-Oct-18
Asset Class Equity
Morningstar Category Long/Short Equity - UK
Benchmark Index LIBOR 3 Month (GBP)
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.05%
ISIN LU1861218482
Bloomberg Ticker BRUEX2G
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BDRMQL2
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Weekly, Business Day
Minimum Initial Investment GBP 10,000,000.00
Minimum Subsequent Investment GBP 10,000.00
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 31-Aug-21 78.14
P/B Ratio as of 31-Aug-21 -174.23
Average Market Cap (Millions) as of 31-Aug-21 GBP 233,980.34

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 phase 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 conducts 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 31-Aug-21
Name Weight (%)
MICROSOFT CORPORATION 3.63
ALPHABET INC 3.09
ELECTROCOMPONENTS PLC 2.98
GAMMA COMMUNICATIONS PLC 2.98
FACEBOOK INC 2.72
Name Weight (%)
NASDAQ INC 2.69
PAYPAL HOLDINGS INC 2.53
ASHTEAD GROUP PLC 2.02
JD SPORTS FASHION PLC 1.99
SIGMAROC PLC 1.86
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-21

% of Market Value

Type Fund
as of 31-Aug-21

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class X2 GBP - 152.68 -1.48 -0.96 154.69 127.04 - LU1861218482 - -
Class D2 Hedged CHF - 133.00 -1.10 -0.82 134.51 115.80 - LU1861219373 - -
Class X2 Hedged AUD - 99.03 -0.97 -0.97 100.00 99.03 - LU2379649341 - -
Class D2 Hedged EUR - 134.73 -1.09 -0.80 136.23 117.05 - LU1861218995 - -
Class D2 GBP - 137.70 -1.12 -0.81 139.23 119.03 - LU1861218136 - -
Class I2 GBP - 139.10 -1.12 -0.80 140.62 119.99 - LU1861218300 - -
Class A2 GBP - 132.14 -1.08 -0.81 133.62 114.62 - LU1990957067 - -
Class Z2 Hedged CHF - 136.24 -1.19 -0.87 137.86 117.64 - LU1861219456 - -
Class A2 Hedged EUR - 133.29 -1.09 -0.81 134.79 116.18 - LU1861218565 - -
Class I2 Hedged USD - 142.59 -1.13 -0.79 144.13 122.96 - LU1861219886 - -
Class A2 Hedged USD - 133.93 -1.07 -0.79 135.41 115.88 - LU1990978147 - -
Class A2 Hedged CHF - 129.32 -1.09 -0.84 130.82 113.00 - LU1991003358 - -
Class D2 Hedged USD - 141.02 -1.11 -0.78 142.55 121.82 - LU1861219613 - -
Class I2 Hedged CHF - 134.25 -1.11 -0.82 135.77 116.65 - LU1861219530 - -
Class Z2 GBP - 141.37 -1.20 -0.84 143.01 121.26 - LU1861218219 - -
Class I2 Hedged EUR - 135.74 -1.09 -0.80 137.24 117.66 - LU1861219290 - -
Class S2 GBP - 138.53 -1.12 -0.80 140.05 119.51 - LU1884804383 - -
Class Z2 Hedged EUR - 137.92 -1.17 -0.84 139.52 118.80 - LU1861219027 - -
Class A2 Hedged CNH - 1,176.56 -9.07 -0.76 1,188.24 1,005.55 - LU2252211383 - -
Class I4 GBP - 129.87 -1.04 -0.79 131.29 112.03 - LU2066748497 - -
Class Z2 Hedged USD - 144.73 -1.21 -0.83 146.38 124.08 - LU1861219704 - -

Portfolio Managers

Portfolio Managers

Dan Whitestone
Dan Whitestone
Nicholas Little
Nicholas Little

Literature

Literature