BSF Americas Diversified Equity Absolute Return Fund

Equity

BSF Americas Diversified Equity Absolute Return Fund

  • NAV as of 25-Apr-19 AUD 188.66
    52 WK: 172.70 - 195.25
  • 1 Day NAV Change as of 25-Apr-19 1.14 (0.61%)

Overview

Investment Approach

The Fund aims to achieve a positive absolute return through a combination of capital growth and income on your investment regardless of market conditions. The Fund seeks to gain at least 70% of any investment exposure to equity securities (e.g. shares) of companies incorporated or listed in the United States, Canada and Latin America (the “Americas”). This is achieved by investing at least 70% of its assets in equity securities, other equity-related securities and, when determined appropriate fixed income (FI) securities (such as bonds), money market instruments (MMIs) (i.e. debt securities with short-term maturities), deposits and cash. The equity-related securities include financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets).  A significant portion of the Fund’s assets may be invested in contracts for difference that aim to achieve a specified return based on underlying assets such as equity securities.

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.

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. The strategies utilised 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 be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund.

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Performance

Performance

  • Returns

  From
31-Mar-2014
To
31-Mar-2015		 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
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-19

35.17 -1.58 6.99 1.11 7.29
Benchmark (%) Index: LIBOR 3 Month Index - in AUD<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 31-Mar-19

21.61 -0.37 1.58 0.66 10.66

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in AUD, hedged fund 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

Chart

Performance chart data not available for display.
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Share Class performance displayed in  AUD. Performance is show on a net asset value basis, with gross income reinvested.

Reinvestments

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Size of Fund (Millions) as of 25-Apr-19 USD 1,228.604
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. 3471
Base Currency USD
Fund Launch Date 17-Feb-12
Inception Date 10-Oct-12
Asset Class Equity
Morningstar Category Alt - Market Neutral - Equity
Benchmark Index LIBOR 3 Month Index - in AUD
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 1.94%
ISIN LU0840974975
Bloomberg Ticker BSADA2A
Annual Management Fee As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs. 1.50%
Initial Charge 5.00%
Performance Fee 20.00%
SEDOL B7YPFG0
Bloomberg Benchmark Ticker 1
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment AUD 5000
Minimum Subsequent Investment AUD 1000
Use of Income Accumulating

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Ratings Report

Holdings

Holdings

as of 29-Mar-19
Name Weight (%)
FIRST INDUSTRIAL REALTY TRUST INC 2.05
XCEL ENERGY INC 1.36
RLJ LODGING TRUST 1.31
IBERIABANK CORPORATION 1.29
WINTRUST FINANCIAL CORPORATION 1.19
Name Weight (%)
WASTE CONNECTIONS INC 1.14
INSPERITY INC 1.14
RAYTHEON COMPANY 1.12
BB&T CORP 1.10
CRANE CO 1.09
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Mar-19

% of Market Value

Type Long Short Net
Sorry, asset classes are not available at this time.
Allocations subject to change.
as of 29-Mar-19

% of Market Value

Type Long Short Net
Sorry, maturities are not available at this time.
Sorry, currency data is not available at this time.
Sorry, ratings are not available at this time.
as of 29-Mar-19

% of Market Value

Type Long Short Net
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 A2 AUD None 188.66 1.14 0.61 195.25 172.70 - LU0840974975 - -
Class D2 Hedged EUR None 125.59 0.41 0.33 133.32 121.97 - LU0725892383 - -
Class A2 Hedged SEK None 123.90 0.41 0.33 131.80 120.44 - LU0765562458 - -
Class D2 Hedged CHF None 102.06 0.33 0.32 108.60 99.29 - LU1238068594 - -
Class A2 USD None 131.19 0.44 0.34 137.19 126.05 - LU0725887540 - -
Class I2 Hedged JPY - 9,807.77 29.34 0.30 10,378.24 9,514.91 - LU1791183780 - -
Class D2 USD None 111.85 0.38 0.34 116.65 107.25 - LU1238068321 - -
Class D2 Hedged GBP None 109.70 0.37 0.34 115.57 105.98 - LU1246651910 - -
Class E2 Hedged EUR None 98.95 0.31 0.31 105.74 96.49 - LU1266592614 - -
Class I2 Hedged SEK - 94.19 0.31 0.33 100.00 91.27 - LU1873114208 - -
Class I2 USD None 105.77 0.36 0.34 109.89 101.30 - LU1653088168 - -
Class A2 Hedged EUR None 122.27 0.39 0.32 130.26 118.99 - LU0725892466 - -
Class A2 GBP None 161.38 1.06 0.66 169.12 149.64 - LU0784324112 - -
Class I2 Hedged EUR None 102.07 0.33 0.32 108.17 99.01 - LU1323999489 - -
Class X2 USD None 154.91 0.53 0.34 160.76 147.78 - LU0849781678 - -

Portfolio Managers

Portfolio Managers

Raffaele Savi
Raffaele Savi
Travis Cooke
Travis Cooke

Literature

Literature