Equity

BlackRock Systematic Global Long/Short Equity 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 8 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) -1.9 -7.0 8.7 -2.4 -3.7 -1.8 2.0 -1.3
Comparator Benchmark 1 (%) 0.1 0.3 0.9 1.9 2.3 0.7 0.0 1.5
  1y 3y 5y 10y Incept.
-0.11 -0.61 -0.87 - -0.88
Comparator Benchmark 1 (%) 2.10 0.84 1.35 - 0.98
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.10 -1.60 2.11 2.86 -0.11 -1.82 -4.28 - -7.08
Comparator Benchmark 1 (%) 0.64 0.33 1.00 1.74 2.10 2.55 6.92 - 8.48
  From
31.12.2017
To
31.12.2018
From
31.12.2018
To
31.12.2019
From
31.12.2019
To
31.12.2020
From
31.12.2020
To
31.12.2021
From
31.12.2021
To
31.12.2022
Total Return (%)

as of 31.Dec.2022

-2.42 -3.68 -1.75 1.96 -1.32
Comparator Benchmark 1 (%)

as of 31.Dec.2022

1.87 2.28 0.67 0.05 1.46

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 SEK 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 22.Mar.2023 USD 38,454,988
Share Class launch date 29.Oct.2014
Fund Launch Date 02.Jun.2014
Share Class Currency SEK
Fund Base Currency USD
Asset Class Equity
Comparator Benchmark 1 ICE BofA 3-MO US Treasury Bill (G0O1) (USD)
SFDR Classification Other
Initial Charge 5.00
Ongoing Charges Figures 2.28%
Annual Management Fee 1.80%
Performance Fee 0.00%
Minimum Initial Investment SEK 5,000.00
Minimum Subsequent Investment SEK 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Equity Market Neutral Other
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BSLSA2S
ISIN LU1122056838
SEDOL BRJKYW9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28.Feb.2023 4,352
Standard Deviation (3y) as of 28.Feb.2023 5.33%
3y Beta as of 28.Feb.2023 -0.52
P/E Ratio as of 28.Feb.2023 -26.98
P/B Ratio as of 28.Feb.2023 -3.76

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 and decision phases of the investment process. This may include relevant, internal ESG research which along with multiple other research insights, informs 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 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

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

Ratings

Holdings

Holdings

as of 28.Feb.2023
Name Weight (%)
EBAY INC 1.22
TSURUHA HOLDINGS INC 1.05
FOX CORP 1.00
TERADYNE INC 0.96
PACWEST BANCORP 0.87
Name Weight (%)
VERISIGN INC 0.84
ENGIE SA 0.84
INDUSTRIVARDEN AB 0.83
OTSUKA CORP 0.81
RALPH LAUREN CORP 0.80
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Feb.2023

% of Market Value

Type Fund
as of 28.Feb.2023

% of Market Value

Type Fund
as of 30.Jun.2016

% of Market Value

Type Fund Benchmark Net
as of 28.Feb.2023

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class A2 Hedged SEK None 939.19 1.98 0.21 22.Mar.2023 946.09 899.05 LU1122056838 -
Class I2 Hedged EUR None 94.93 0.21 0.22 22.Mar.2023 95.57 90.68 LU1139081738 -
Class D2 USD None 111.08 0.25 0.23 22.Mar.2023 111.51 104.76 LU1153525040 -
Class A2 USD None 110.24 0.25 0.23 22.Mar.2023 110.75 104.30 LU1069250113 -
Class A2 Hedged EUR None 92.37 0.20 0.22 22.Mar.2023 93.12 88.64 LU1162516717 -
Class X2 USD None 132.40 0.31 0.23 22.Mar.2023 132.66 123.91 LU1069250386 -
Class D2 Hedged GBP None 106.64 0.23 0.22 22.Mar.2023 107.18 101.11 LU1103452089 -
Class D2 Hedged EUR None 100.97 0.22 0.22 22.Mar.2023 101.70 96.57 LU1069250972 -

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.
Recommended holding period : 5 years
Example Investment SEK 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
84,860 SEK
-15.1%
72,090 SEK
-6.3%

Unfavourable

What you might get back after costs
Average return each year
84,860 SEK
-15.1%
85,740 SEK
-3.0%

Moderate

What you might get back after costs
Average return each year
94,660 SEK
-5.3%
96,470 SEK
-0.7%

Favourable

What you might get back after costs
Average return each year
105,020 SEK
5.0%
102,550 SEK
0.5%

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



Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.