Multi Asset

BlackRock Style Advantage Fund

  • NAV as of 07-May-21 EUR 66.30
    52 WK: 62.52 - 70.80
  • 1 Day NAV Change as of 07-May-21 0.03 (0.05%)

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 will provide exposure to several investment styles including, (i) Value: focuses on investments that appear relatively cheap with the aim of outperformance relative to expensive assets; (ii) Momentum: focuses on investments with relatively strong medium term performance with the aim of benefitting from an asset’s recent relative performance continuing in the short term; (iii) Carry: focuses on higher-yielding investments with the aim of benefitting from the higher returns of these assets relative to lower-yielding assets; and (iv) Defensive: focuses on investments with low-risk characteristics with the aim of benefitting from the tendency for lower risk, higher quality assets to generate higher risk-adjusted returns than higher risk, lower quality assets. The Fund will invest on a global basis in any or all of the following asset classes: equity securities (e.g. shares), other equity-related securities, fixed income securities (e.g. bonds), other fixed-income related securities, permitted money market instruments (e.g. debt instruments with short-term maturities), mortgage backed securities (MBS) (i.e. financial securities backed by cash flows from debt), permitted deposits, cash and other funds

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.

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Performance

Performance

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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
  From
31-Mar-2016
To
31-Mar-2017		 From
31-Mar-2017
To
31-Mar-2018		 From
31-Mar-2018
To
31-Mar-2019		 From
31-Mar-2019
To
31-Mar-2020		 From
31-Mar-2020
To
31-Mar-2021
Total Return (%)

as of 31-Mar-21

- - -6.35 -14.32 -14.69
  1y 3y 5y 10y Incept.
Total Return (%)

as of 30-Apr-21

-9.75 -11.82 - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of 30-Apr-21

3.47 -0.40 1.93 -9.75 -31.44 - - -

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 EUR, 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

Size of Fund (Millions) as of 07-May-21 USD 177.619
12m Trailing Yield -
Number of Holdings -
Base Currency U.S. Dollar
Fund Launch Date 29-Feb-16
Inception Date 07-Jun-17
Asset Class Multi Asset
Morningstar Category Multistrategy EUR
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.65%
ISIN LU1352906025
Bloomberg Ticker BSSA2EH
Annual Management Fee 1.10%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BZ3C803
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment -
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of 30-Apr-21 0.32
3y Beta as of 30-Apr-21 -3.099
5y Volatility - Benchmark as of - -
5y Beta as of - -

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch. 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 - -
MSCI - UN Global Compact Violators as of - -
MSCI - Nuclear Weapons as of - -
MSCI - Thermal Coal as of - -
MSCI - Civilian Firearms as of - -
MSCI - Oil Sands as of - -
MSCI - Tobacco as of - -
Business Involvement Coverage as of - -
Percentage of Fund not covered as of - -
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 -% and for Oil Sands -%.

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 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 the research, selection, monitoring and reporting phases of the investment process. This may include third-party and internal material considerations, as defined by the investment team, of ESG criteria. The Fund manager undergoes a rigorous research phase in the construction of internal ESG research signals, which highlight criteria such as human capital or management quality. As part of this research, the Fund manager conducts due diligence on ESG data providers. Once these signals have met the criteria necessary to be incorporated in the portfolio, they are considered as part of the investment decisions on an ongoing basis as part of a broader set of signals. The Fund manager additionally uses standardized ESG criteria (headline ESG ratings, carbon emissions intensity) during the reporting phase. These may be sourced internally or directly from third-party data providers and are featured in internal portfolio analytics. The Fund manager conducts regular portfolio risk reviews with 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.

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

Sorry, top holdings are not available at this time.
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, asset classes are not available at this time.
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 66.30 0.03 0.05 70.80 62.52 - LU1352906025 - -
Class I2 Hedged GBP None 73.57 0.04 0.05 77.49 69.07 - LU1532729727 - -
Class IPF2 Hedged CHF None 70.60 0.03 0.04 74.93 66.42 - LU1706559660 - -
Class D2 EUR None 77.40 -0.35 -0.45 91.46 72.11 - LU1373035317 - -
Class D2 Hedged EUR None 76.48 0.03 0.04 81.20 71.99 - LU1352906298 - -
Class E2 Hedged EUR None 72.37 0.03 0.04 77.71 68.42 - LU1373035234 - -
Class E2 EUR None 72.98 -0.33 -0.45 87.36 68.27 - LU1373035150 - -
Class X2 Hedged AUD None 88.95 0.55 0.62 93.05 83.36 - LU1352906454 - -
Class X2 USD None 88.66 0.04 0.05 92.56 82.85 - LU1352906371 - -
Class X2 Hedged EUR - 72.83 0.04 0.05 76.54 68.31 - LU1781817777 - -
Class A2 Hedged SEK None 68.20 0.03 0.04 72.47 64.24 - LU1609299281 - -
Class Z2 USD None 85.40 0.04 0.05 89.71 79.99 - LU1363273308 - -
Class Z2 Hedged EUR None 77.20 0.03 0.04 81.77 72.63 - LU1363273480 - -
Class A4 USD Annual 82.71 0.04 0.05 87.61 77.69 - LU1394251976 - -
Class IPF2 Hedged EUR None 78.01 0.04 0.05 82.51 73.36 - LU1469409517 - -
Class I2 BRL Hedged (USD) USD None 51.42 0.61 1.20 55.24 44.08 - LU1718790519 - -
Class A2 USD None 81.39 0.04 0.05 86.22 76.45 - LU1352905993 - -
Class X2 Hedged GBP None 86.48 0.05 0.06 104.53 78.69 - LU1423753034 - -
Class I2 Hedged EUR None 77.21 0.04 0.05 81.81 72.64 - LU1352906538 - -
Class D2 USD None 84.78 0.04 0.05 89.17 79.44 - LU1373035408 - -
Class A4 Hedged EUR Annual 75.04 0.04 0.05 80.17 70.80 - LU1394254640 - -
Class D2 Hedged GBP None 73.52 0.03 0.04 77.46 69.07 - LU1572169370 - -
Class X2 Hedged NZD None 89.17 0.02 0.02 92.44 83.08 - LU1485749367 - -
Class I2 Hedged JPY None 7,850.55 3.51 0.04 8,295.27 7,369.45 - LU1484781551 - -
Class I2 USD None 75.42 0.03 0.04 79.25 70.64 - LU1640626609 - -
Class I2 Hedged CHF None 68.91 0.04 0.06 73.12 64.81 - LU1640627243 - -
Class D2 Hedged CHF None 68.39 0.03 0.04 72.77 64.42 - LU1640627169 - -

Portfolio Managers

Portfolio Managers

Philip Hodges
Philip Hodges
Kevin Franklin
Kevin Franklin

Literature

Literature