BSF Macro Opportunities Fund

Multi Asset

BSF Macro Opportunities Fund

  • NAV as of 18-Apr-19 EUR 101.46
    52 WK: 99.88 - 101.74
  • 1 Day NAV Change as of 18-Apr-19 -0.05 (-0.05%)

Overview

Investment Approach

The Fund aims to achieve positive absolute returns through a combination of capital growth and income on your investment regardless of market movements. The Fund invests globally in the full range of assets in which a UCITS fund may invest. These include: equity securities (e.g. shares) and equity-related (E-R) securities, fixed income (FI) securities (e.g. bonds) and FI-related securities, money market instruments (MMIs) (i.e. debt securities with short term maturities), other funds, deposits and cash. E-R securities and FI-related securities include financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). The FI securities and MMIs may be issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development) and may have a low credit rating or be unrated. The Fund may invest up to 50% of its net asset value in asset backed and mortgage backed securities (i.e. financial securities backed by cash flows from debt). The Fund may invest up to 50% of its net asset value in emerging markets. The asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions and other factors at the IA’s discretion and exposures to certain markets, sectors or asset classes may be concentrated from time to time. The Fund will use fundamental research and analysis of global macroeconomic trends (including global economic growth projections, fiscal and monetary policy and market risks) to assess opportunities and evaluate pricing across markets, in order to invest in a diverse portfolio of directional and relative value positions in markets.

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.

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Performance

Performance

  • Returns

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 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

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 18-Apr-19 USD 170.098
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. 107
Base Currency USD
Fund Launch Date 29-Nov-17
Inception Date 16-Jan-19
Asset Class Multi Asset
Morningstar Category Alt - Global Macro
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. 0.95%
ISIN LU1933810654
Bloomberg Ticker BSMOD2U
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. -
Initial Charge 5.00%
Performance Fee 15.00%
SEDOL BGSF1Z0
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
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 29-Mar-19
Name Weight (%)
Notional Cash Offset (EDZ9 FUTURE) 141.58
Notional Cash Offset (EDU0 FUTURE) 95.02
Notional Cash Offset (EDZ0 FUTURE) 47.23
Notional Cash Offset (TYM9 FUTURE) 15.52
FNMA 30YR TBA(REG A) 12.07
Name Weight (%)
MSCI EMER MKT INDEX (ICE) JUN 19 10.73
TREASURY (CPI) NOTE 0.75 07/15/2028 8.57
Notional Cash Offset (FVM9 FUTURE) 8.45
ITALY (REPUBLIC OF) RegS 2.45 10/01/2023 6.81
FRANCE (REPUBLIC OF) RegS 0.1 03/01/2029 5.78
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Mar-19

% of Market Value

Type Fund
Allocations subject to change.
Sorry, sectors are not available at this time.
Sorry, maturities are not available at this time.
as of 29-Mar-19

% of Market Value

Type Fund
Sorry, ratings are not available at this time.
Sorry, market cap data is not available at this time.
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 D2 Hedged EUR - 101.46 -0.05 -0.05 101.74 99.88 - LU1933810654 - -
Class E2 EUR - 110.27 0.49 0.45 110.45 99.72 - LU1786036639 - -
Class Z2 USD None 102.37 -0.06 -0.06 102.43 96.80 - LU1681056906 - -
Class X2 USD None 103.33 -0.05 -0.05 103.38 97.51 - LU1681056815 - -
Class Z2 Hedged EUR None 98.21 -0.05 -0.05 99.65 93.81 - LU1681057037 - -
Class D2 USD - 102.24 -0.04 -0.04 102.28 99.88 - LU1933810498 - -
Class Z2 Hedged GBP None 99.65 -0.05 -0.05 100.06 94.88 - LU1681057110 - -
Class Z2 Hedged CHF None 97.68 -0.05 -0.05 99.44 93.40 - LU1681057201 - -
Class E2 Hedged EUR - 97.07 -0.06 -0.06 99.65 93.06 - LU1786036803 - -
Class I2 BRL Hedged (USD) USD - 102.50 -0.48 -0.47 108.83 97.16 - LU1681056732 - -
Class D2 Hedged GBP - 100.11 0.00 0.00 100.27 95.41 - LU1834329317 - -
Class Z2 Hedged (BRL) USD None 87.61 -0.42 -0.48 97.13 78.27 - LU1694210052 - -
Class D2 EUR - 104.51 0.46 0.44 104.64 97.86 - LU1919855327 - -
Class I2 EUR - 105.66 0.47 0.45 105.79 99.02 - LU1919855830 - -
Class A2 USD None 101.36 -0.05 -0.05 101.41 96.07 - LU1681056658 - -

Portfolio Managers

Portfolio Managers

Stuart Spodek
Stuart Spodek
Jack Hattem
Jack Hattem
Yoni Saposh
Yoni Saposh

Literature

Literature