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.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in AUD, 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 19-Jul-24
USD 1,828,617,764
Fund Launch Date
04-Aug-15
Base Currency
USD
Comparator Benchmark 1
ICE BofA 3-MO US Treasury Bill (G0O1)
Initial Charge
0.00%
ISIN
LU2649166159
Performance Fee
0.00%
Minimum Subsequent Investment
AUD 10,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRABDRX
Inception Date
16-Aug-23
Share Class Currency
AUD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
0.06%
Annual Management Fee
0.00%
Minimum Initial Investment
AUD 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BMV29B2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Jun-24
277
3y Beta
as of -
-
P/B Ratio
as of 28-Jun-24
2.45
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 28-Jun-24
22.42

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) 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. 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 28-Jun-24
0.14%
MSCI - Nuclear Weapons
as of 28-Jun-24
0.14%
MSCI - Civilian Firearms
as of 28-Jun-24
0.41%
MSCI - Tobacco
as of 28-Jun-24
0.02%
MSCI - UN Global Compact Violators
as of 28-Jun-24
0.00%
MSCI - Thermal Coal
as of 28-Jun-24
0.00%
MSCI - Oil Sands
as of 28-Jun-24
0.00%

Business Involvement Coverage
as of 28-Jun-24
57.64%
Percentage of Fund not covered
as of 28-Jun-24
10.42%
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 0.00%.

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 financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager evaluates the fundamental and strategic aspects of securities 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 between the investment team and BlackRock’s 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, where appropriate.

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 28-Jun-24
Name Weight (%)
HESS CORP 4.43
CATALENT INC 3.72
COTY INC 3.08
CAESARS ENTERTAINMENT INC 2.82
UNITED STATES STEEL CORP 2.55
Name Weight (%)
CLOUD SOFTWARE GROUP INC 2.54
HOWMET AEROSPACE INC 2.50
TENET HEALTHCARE CORPORATION 2.06
ALBERTSONS COMPANIES INC 2.05
AMEDISYS INC 1.71
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Jun-24

% of Market Value

Type Fund
as of 28-Jun-24

% of Market Value

Type Fund
as of 28-Jun-24

% of Market Value

Type Fund
as of 28-Jun-24

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class X2 Hedged AUD 105.37 -0.48 -0.45 19-Jul-24 106.16 98.21 LU2649166159
Class S2 USD 116.05 -0.52 -0.45 19-Jul-24 116.84 107.79 LU2099035045
Class IA2 USD 127.10 -0.56 -0.44 19-Jul-24 127.87 117.64 LU1921562119
Class Z2 USD 149.05 -0.67 -0.45 19-Jul-24 150.01 138.25 LU1258025839
Class Z2 Hedged CHF 119.99 -0.55 -0.46 19-Jul-24 122.25 114.78 LU1341466644
Class I2 Hedged CHF 109.00 -0.49 -0.45 19-Jul-24 111.15 104.44 LU1603214401
Class Z2 Hedged GBP 137.52 -0.61 -0.44 19-Jul-24 138.48 128.02 LU1288049866
Class S2 Hedged EUR 107.59 -0.48 -0.44 19-Jul-24 108.70 101.24 LU1706559405
Class IA2 Hedged EUR 108.60 -0.48 -0.44 19-Jul-24 109.62 101.85 LU2125116769
Class I5 USD 132.38 -0.59 -0.44 19-Jul-24 133.28 122.97 LU1603214153
Class E2 EUR 137.45 -0.25 -0.18 19-Jul-24 140.47 128.92 LU1278928657
Class A2 Hedged CHF 108.06 -0.50 -0.46 19-Jul-24 110.68 104.14 LU1400751324
Class Z2 Hedged EUR 127.05 -0.57 -0.45 19-Jul-24 128.32 119.38 LU1288049940
Class I2 Hedged JPY 10,895.63 -49.32 -0.45 19-Jul-24 11,207.07 10,565.78 LU1781817421
Class I2 Hedged EUR 120.36 -0.54 -0.45 19-Jul-24 121.62 113.27 LU1382784764
Class D2 Hedged CHF 112.06 -0.51 -0.45 19-Jul-24 114.43 107.60 LU1387771113
Class E2 Hedged EUR 110.79 -0.50 -0.45 19-Jul-24 112.38 105.23 LU1278928574
Class AI2 EUR 104.17 -0.48 -0.46 19-Jul-24 105.48 98.59 LU2103007592
Class D2 Hedged EUR 117.29 -0.53 -0.45 19-Jul-24 118.59 110.63 LU1373035077
Class I5 Hedged GBP 122.19 -0.54 -0.44 19-Jul-24 123.63 114.42 LU1603215044
Class D2 Hedged GBP 126.11 -0.57 -0.45 19-Jul-24 127.14 117.84 LU1373034930
Class A2 Hedged SGD 108.38 -0.50 -0.46 19-Jul-24 110.04 102.84 LU2114397859
Class A2 Hedged EUR 112.18 -0.51 -0.45 19-Jul-24 113.58 106.19 LU1376384878
Class A2 Hedged HKD 1,093.27 -4.93 -0.45 19-Jul-24 1,105.38 1,028.78 LU2114397776
Class A2 USD 135.34 -0.61 -0.45 19-Jul-24 136.48 126.43 LU1251620883
Class D4 Hedged GBP 107.05 -0.47 -0.44 19-Jul-24 109.42 101.42 LU2215606471
Class I4 Hedged EUR 113.80 -0.51 -0.45 19-Jul-24 116.67 108.66 LU1817852764
Class I2 USD 131.05 -0.59 -0.45 19-Jul-24 131.94 121.73 LU1251621345
Class X2 USD 167.66 -0.74 -0.44 19-Jul-24 168.68 154.62 LU1264793958
Class A4 Hedged EUR 107.69 -0.49 -0.45 19-Jul-24 109.04 101.93 LU1697783881
Class D2 USD 140.55 -0.63 -0.45 19-Jul-24 141.59 130.83 LU1251621188
Class I2 BRL Hedged (USD) USD 104.54 -0.61 -0.58 19-Jul-24 117.29 101.49 LU2008661006

Portfolio Managers

Portfolio Managers

Mark McKenna
Mark McKenna

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment AUD 15,000
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
13,050 AUD
-13.0%
12,430 AUD
-3.7%

Unfavourable

What you might get back after costs
Average return each year
14,980 AUD
-0.1%
15,560 AUD
0.7%

Moderate

What you might get back after costs
Average return each year
15,110 AUD
0.7%
15,810 AUD
1.1%

Favourable

What you might get back after costs
Average return each year
16,050 AUD
7.0%
16,680 AUD
2.2%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature