Equity

BSF BlackRock Systematic Global Equity Absolute Return Fund

  • NAV as of 04-Dec-25 USD 193.09
    52 WK: 171.26 - 194.73
  • 1 Day NAV Change as of 04-Dec-25 USD -0.28 (-0.14%)
  • Morningstar Rating

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 domiciled in, or the main business of which is in, developed countries worldwide. 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. contracts the value of which is based on one or more underlying assets). FDIs may be used to help achieve the Fund’s investment objective and the Fund may, via FDIs, generate market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). At any one time, a substantial amount, or even all of the Fund’s assets may be held as cash to provide cover for the exposure created by the use of FDIs or to assist in achieving its investment objective.

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.

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

Chart

View full chart

This chart shows the product's performance as the percentage loss or gain per year over the last 10 years.

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) USD 0.67 -3.84 13.28 2.57 0.89 1.49 4.82 2.23 12.33 18.83
Comparator Benchmark 1 (%) USD 0.05 0.33 0.86 1.87 2.28 0.67 0.05 1.46 5.01 5.25

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
Total Return (%) USD 10.65 14.82 9.80 6.05 5.82
Comparator Benchmark 1 (%) USD 4.24 4.82 3.10 2.15 1.87
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) USD 10.67 1.28 2.29 4.60 10.65 51.38 59.57 79.88 91.51
Comparator Benchmark 1 (%) USD 3.82 0.28 0.96 2.04 4.24 15.16 16.49 23.66 23.71
  From
30-Sep-2020
To
30-Sep-2021		 From
30-Sep-2021
To
30-Sep-2022		 From
30-Sep-2022
To
30-Sep-2023		 From
30-Sep-2023
To
30-Sep-2024		 From
30-Sep-2024
To
30-Sep-2025
Total Return (%) USD

as of 30-Sep-25

2.24 0.44 9.03 24.71 13.86
Comparator Benchmark 1 (%) USD

as of 30-Sep-25

0.07 0.62 4.47 5.46 4.38

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

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 04-Dec-25
USD 386,906,703
Fund Launch Date
02-Jun-14
Base Currency
USD
Comparator Benchmark 1
ICE BofA 3-MO US Treasury Bill (G0O1) (USD)
Initial Charge
0.00%
Management Fee
0.00%
Performance Fee
0.00%
Minimum Subsequent Investment
USD 10,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BSGLSX2
Inception Date
02-Jun-14
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
0.10%
ISIN
LU1069250386
Minimum Initial Investment
USD 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Equity Market Neutral USD
Dealing Frequency
Daily, forward pricing basis
SEDOL
BMPGZR8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Nov-25
3312
3y Beta
as of 30-Nov-25
5.756
P/B Ratio
as of 28-Nov-25
-0.33
Standard Deviation (3y)
as of 30-Nov-25
5.74%
P/E Ratio
as of 28-Nov-25
1.48

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for BSF BlackRock Systematic Global Equity Absolute Return Fund, Class X2, as of 30-Nov-25 rated against 94 Equity Market Neutral USD Funds.

Holdings

Holdings

as of 28-Nov-25
Name Weight (%)
ENEOS HOLDINGS INC 1.26
BORGWARNER INC 1.01
HONEYWELL INTERNATIONAL INC 0.90
ASSICURAZIONI GENERALI SPA 0.86
FOX CORP 0.83
Name Weight (%)
CITIGROUP INC 0.79
US BANCORP 0.77
JAPAN TOBACCO INC 0.74
SHIMIZU CORP 0.70
QIAGEN NV 0.70
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Nov-25

% of Market Value

Type Fund
as of 28-Nov-25

% of Market Value

Type Fund
as of 30-Jun-16

% of Market Value

Type Fund Benchmark Net
as of 28-Nov-25

% 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 USD 193.09 -0.28 -0.14 04-Dec-25 194.73 171.26 LU1069250386
Class A2 USD 151.97 -0.23 -0.15 04-Dec-25 153.84 137.01 LU1069250113
Class SR4 PF GBP 107.36 -0.64 -0.59 04-Dec-25 109.49 99.09 LU2944932479
Class S2 PF USD 102.79 -0.17 -0.17 04-Dec-25 103.09 100.00 LU3169051292
Class A2 Hedged EUR 121.11 -0.20 -0.16 04-Dec-25 123.09 111.16 LU1162516717
Class C2 USD 131.58 -0.20 -0.15 04-Dec-25 133.44 119.03 LU1153524746
Class SR2 PF USD 107.86 -0.18 -0.17 04-Dec-25 108.70 100.47 LU2944931828
Class SR4 PF Hedged EUR 103.26 -0.17 -0.16 04-Dec-25 104.55 97.53 LU3083849425
Class D2 Hedged GBP 148.30 -0.22 -0.15 04-Dec-25 149.97 133.38 LU1103452089
Class SR4 PF EUR 104.99 -0.27 -0.26 04-Dec-25 106.23 97.37 LU2944932396
Class SR4 PF USD 108.02 -0.16 -0.15 04-Dec-25 108.89 100.47 LU2944932040
Class E2 Hedged EUR 118.45 -0.20 -0.17 04-Dec-25 120.50 109.14 LU1069251277
Class SR2 PF EUR 104.99 -0.27 -0.26 04-Dec-25 106.23 97.37 LU2944932123
Class SR2 PF Hedged EUR 103.28 -0.18 -0.17 04-Dec-25 104.52 97.53 LU3083849342
Class AI2 Hedged EUR 122.20 -0.21 -0.17 04-Dec-25 124.20 112.17 LU2008562360
Class D2 Hedged EUR 134.46 -0.23 -0.17 04-Dec-25 136.51 122.88 LU1069250972
Class D2 USD 155.66 -0.23 -0.15 04-Dec-25 157.40 139.69 LU1153525040
Class J5 USD 164.61 -0.22 -0.13 04-Dec-25 166.09 146.45 LU1069250626
Class SR4 PF Hedged GBP 104.23 -0.15 -0.14 04-Dec-25 105.11 97.66 LU3083849698
Class I2 Hedged EUR 127.49 -0.21 -0.16 04-Dec-25 129.36 116.19 LU1139081738
Class A2 Hedged SEK 1,224.66 -2.08 -0.17 04-Dec-25 1,245.24 1,127.37 LU1122056838

Portfolio Managers

Portfolio Managers

Kevin Franklin
Kevin Franklin
Andrew Huzzey
Andrew Huzzey
Richard Mathieson
Richard Mathieson

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 USD 10,000
Scenarios
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
8,340 USD
-16.6%
8,020 USD
-4.3%

Unfavourable

What you might get back after costs
Average return each year
9,510 USD
-4.9%
10,940 USD
1.8%

Moderate

What you might get back after costs
Average return each year
10,540 USD
5.4%
12,550 USD
4.6%

Favourable

What you might get back after costs
Average return each year
12,660 USD
26.6%
15,960 USD
9.8%

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



ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Literature

Literature