Equity

BSF BlackRock Systematic Global Equity Absolute Return Fund

Overview

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

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This chart shows the fund's performance as the percentage loss or gain per year over the last 9 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 0.7 -3.8 13.3 2.6 0.9 1.5 4.8 2.2 12.3
Comparator Benchmark 1 (%) 0.1 0.3 0.9 1.9 2.3 0.7 0.0 1.5 5.0

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

  1y 3y 5y 10y Incept.
25.25 9.62 6.53 5.30 5.31
Comparator Benchmark 1 (%) 5.40 3.03 2.16 1.51 1.50
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
15.70 3.36 6.05 15.70 25.25 31.74 37.20 67.56 68.48
Comparator Benchmark 1 (%) 2.63 0.41 1.32 2.63 5.40 9.37 11.26 16.19 16.20
  From
30.06.2019
To
30.06.2020
From
30.06.2020
To
30.06.2021
From
30.06.2021
To
30.06.2022
From
30.06.2022
To
30.06.2023
From
30.06.2023
To
30.06.2024
Total Return (%)

as of 30.Jun.2024

2.25 1.86 -1.61 6.91 25.25
Comparator Benchmark 1 (%)

as of 30.Jun.2024

1.63 0.09 0.17 3.59 5.40

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

Share Class and Benchmark performance displayed in USD, 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

Net Assets of Fund
as of 19.Jul.2024
USD 22,809,998
Fund Launch Date
02.Jun.2014
Fund Base Currency
USD
Comparator Benchmark 1
ICE BofA 3-MO US Treasury Bill (G0O1)
Initial Charge
0.00
ISIN
LU1069250386
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
Share Class launch date
02.Jun.2014
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
0.19%
Annual Management Fee
0.00%
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.Jun.2024
2,215
3y Beta
as of 30.Jun.2024
4.55
P/B Ratio
as of 28.Jun.2024
0.04
Standard Deviation (3y)
as of 30.Jun.2024
5.30%
P/E Ratio
as of 28.Jun.2024
-0.81

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate metrics, and other factors.

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

4 stars
Overall Morningstar Rating for BSF BlackRock Systematic Global Equity Absolute Return Fund, Class X2, as of 30.Jun.2024 rated against 100 Equity Market Neutral USD Funds.

Holdings

Holdings

as of 28.Jun.2024
Name Weight (%)
MANHATTAN ASSOCIATES INC 1.68
REINSURANCE GROUP OF AMERICA INCORPORATED 1.48
A2A SPA 1.42
COLGATE-PALMOLIVE CO 1.24
SOFINA SA 1.19
Name Weight (%)
LAM RESEARCH CORPORATION 1.16
VERISIGN INC 1.14
VISA INC 1.11
TOKYO TATEMONO CO. LTD. 1.11
MICROSOFT CORPORATION 1.09
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Jun.2024

% of Market Value

Type Fund
as of 28.Jun.2024

% of Market Value

Type Fund
as of 30.Jun.2016

% of Market Value

Type Fund Benchmark Net
as of 28.Jun.2024

% 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 169.28 -1.11 -0.65 19.Jul.2024 170.39 134.13 LU1069250386
Class I2 Hedged EUR 116.63 -0.77 -0.66 19.Jul.2024 117.40 94.83 LU1139081738
Class D2 USD 139.30 -0.92 -0.66 19.Jul.2024 140.22 111.82 LU1153525040
Class A2 USD 137.10 -0.91 -0.66 19.Jul.2024 138.01 110.70 LU1069250113
Class A2 Hedged EUR 112.17 -0.75 -0.66 19.Jul.2024 112.92 91.93 LU1162516717
Class D2 Hedged EUR 123.59 -0.82 -0.66 19.Jul.2024 124.41 100.74 LU1069250972
Class D2 Hedged GBP 133.03 -0.87 -0.65 19.Jul.2024 133.90 107.01 LU1103452089
Class A2 Hedged SEK 1,139.79 -7.70 -0.67 19.Jul.2024 1,147.49 934.64 LU1122056838

Portfolio Managers

Portfolio Managers

Kevin Franklin
Kevin Franklin
Andrew Huzzey
Andrew Huzzey

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
Scenario
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
8,830 USD
-11.7%
7,620 USD
-5.3%

Unfavourable

What you might get back after costs
Average return each year
9,210 USD
-7.9%
10,940 USD
1.8%

Moderate

What you might get back after costs
Average return each year
10,380 USD
3.8%
11,760 USD
3.3%

Favourable

What you might get back after costs
Average return each year
12,520 USD
25.2%
13,720 USD
6.5%

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



Literature

Literature

 
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