BSF Multi-Manager Alternative Strategies Fund

Multi Asset

BSF Multi-Manager Alternative Strategies Fund

  • NAV as of 19-Feb-19 EUR 91.24
    52 WK: 90.83 - 99.72
  • 1 Day NAV Change as of 19-Feb-19 0.08 (0.09%)

Overview

Investment Approach

The Fund aims to achieve a positive absolute return on your investment through a combination of capital growth and income regardless of market conditions. The Fund intends to invest in a range of strategies by allocating its assets to one or more external sub-advisers. The Fund may invest in: equity securities and equity related securities, fixed income securities and FI-related securities, money market instruments (MMIs), other funds, deposits and cash. The Fund may invest up to 15% of its assets in securities issued by companies that are either in default or in high risk of default.

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.

Overseas investment will be affected by movements in currency exchange rates. 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 insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
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Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014		 From
31-Dec-2014
To
31-Dec-2015		 From
31-Dec-2015
To
31-Dec-2016		 From
31-Dec-2016
To
31-Dec-2017		 From
31-Dec-2017
To
31-Dec-2018
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-Dec-18

- - - -1.72 -7.71

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 EUR, 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 and Benchmark performance displayed in EUR. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

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 19-Feb-19 USD 188.596
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. as of 31-Jan-19 2851
Base Currency USD
Fund Launch Date 28-Jan-16
Inception Date 04-May-16
Asset Class Multi Asset
Morningstar Category Alt - Multistrategy
Benchmark Index Placeholder for prolonged perf holidays (No Benchmark applicable)
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. 2.90%
ISIN LU1403444943
Bloomberg Ticker BSASA2E
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 0.00%
SEDOL BYZQ602
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 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

Holdings

Holdings

as of 31-Jan-19
Name Weight (%)
MANDATORY EXCHANGEABLE SPONSORED A 144A 5.75 06/01/2019 5.29
INNOGY 1.62
FREMF_16-KS05 B 144A 1.48
VODAFONE GROUP PLC RegS 2 02/25/2019 1.47
GLM_17-2A E 144A 1.28
Name Weight (%)
BX_18-EXCL D 144A 0.97
CAJUN_17-1A A2 144A 0.89
VOLCAN HOLDINGS II PLC RegS 3.875 10/10/2020 0.86
SCOR 0.80
FREMF_14-KS02 B 144A 0.73
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-19

% of Market Value

Type Fund
Allocations subject to change.
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 Hedged EUR None 91.24 0.08 0.09 99.72 90.83 - LU1403444943 - -
Class I2 USD None 100.69 0.09 0.09 105.77 99.96 - LU1394258989 - -
Class D2 Hedged CHF None 92.42 0.08 0.09 100.65 91.98 - LU1408527833 - -
Class Z2 Hedged EUR None 94.31 0.08 0.08 102.03 93.82 - LU1330439008 - -
Class X2 Hedged EUR None 99.10 0.10 0.10 105.70 98.46 - LU1330439347 - -
Class Z2 USD None 100.67 0.10 0.10 105.78 99.95 - LU1330438968 - -
Class I2 Hedged SEK None 929.73 0.80 0.09 1,005.80 924.74 - LU1435395477 - -
Class Z2RF Hedged GBP None 97.15 0.08 0.08 103.91 96.59 - LU1330439180 - -
Class E2 EUR None 92.06 0.09 0.10 94.49 88.35 - LU1373034427 - -
Class A2 USD None 97.63 0.09 0.09 103.60 97.00 - LU1330438539 - -
Class I2RF Hedged CHF None 93.04 0.08 0.09 101.05 92.58 - LU1488387397 - -
Class I2 Hedged EUR None 94.50 0.09 0.10 102.20 94.01 - LU1330438703 - -
Class D2 USD None 99.55 0.10 0.10 104.86 98.86 - LU1373034773 - -
Class X2 USD None 106.14 0.10 0.09 109.62 105.07 - LU1330439263 - -
Class D2RF Hedged GBP None 94.90 0.09 0.09 101.76 94.37 - LU1523256573 - -
Class A4 USD Annual 97.65 0.09 0.09 103.62 97.03 - LU1376384522 - -
Class E2 Hedged EUR None 90.22 0.08 0.09 99.09 89.85 - LU1373034856 - -
Class D2 EUR None 95.37 0.10 0.10 97.55 90.49 - LU1373034690 - -
Class D2 Hedged EUR None 93.58 0.08 0.09 101.51 93.12 - LU1330438612 - -
Class A2 Hedged SEK None 905.53 0.75 0.08 989.60 901.31 - LU1441748792 - -
Class A4 Hedged EUR Annual 91.53 0.07 0.08 100.05 91.13 - LU1376384795 - -

Portfolio Managers

Portfolio Managers

Mark Woolley
Mark Woolley

Literature

Literature