Fixed Income

BSF Fixed Income Strategies 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.

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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  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
From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of 31.Mar.2022

2.41 -1.00 -2.46 10.02 -1.66
Benchmark (%)

as of 31.Mar.2022

-0.35 -0.36 -0.40 -0.45 -0.50
  1y 3y 5y 10y Incept.
-2.32 1.39 1.18 2.74 2.58
Benchmark (%)

as of 30.Apr.2022

-0.51 -0.45 -0.41 -0.23 -0.13
  YTD 1m 3m 1y 3y 5y 10y Incept.
-1.82 -0.56 -1.49 -2.32 4.23 6.03 31.01 33.06
Benchmark (%)

as of 30.Apr.2022

-0.19 -0.05 -0.14 -0.51 -1.35 -2.05 -2.28 -1.43

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 EUR.

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 27.May.2022 EUR 4,338.023
12m Trailing Yield -
Number of Holdings as of 29.Apr.2022 969
Base Currency Euro
Fund Launch Date 30.Sep.2009
Share Class launch date 18.Feb.2011
Asset Class Fixed Income
Morningstar Category Global Flexible Bond - EUR Hedged
Benchmark Index Overnight ESTR
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.08%
ISIN LU0544632515
Bloomberg Ticker BRFXIX2
Annual Management Fee 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B4NTVC0
Bloomberg Benchmark Ticker EONIAINX
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10,000,000.00
Minimum Subsequent Investment EUR 10,000.00
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM as of 29.Apr.2022 2.12%
Modified Duration as of 29.Apr.2022 -0.58
Effective Duration as of 29.Apr.2022 -0.99
Weighted Avg Maturity as of 29.Apr.2022 6.17
3y Volatility - Benchmark as of 30.Apr.2022 0.02
3y Beta as of 30.Apr.2022 12.112
5y Volatility - Benchmark as of 30.Apr.2022 0.02
5y Beta as of 30.Apr.2022 3.246
WAL to Worst as of 29.Apr.2022 6.17

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 06.May.2022 A
MSCI ESG % Coverage as of 06.May.2022 77.79
MSCI ESG Quality Score (0-10) as of 06.May.2022 6.98
MSCI ESG Quality Score - Peer Percentile as of 06.May.2022 35.56
Fund Lipper Global Classification as of 06.May.2022 Absolute Return Bond EUR
Funds in Peer Group as of 06.May.2022 45
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 06.May.2022 100.48
MSCI Weighted Average Carbon Intensity % Coverage as of 06.May.2022 37.67
All data is from MSCI ESG Fund Ratings as of 06.May.2022, based on holdings as of 30.Sep.2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage 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.

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 29.Apr.2022 0.00%
MSCI - UN Global Compact Violators as of 29.Apr.2022 0.01%
MSCI - Nuclear Weapons as of 29.Apr.2022 0.00%
MSCI - Thermal Coal as of 29.Apr.2022 0.00%
MSCI - Civilian Firearms as of 29.Apr.2022 0.00%
MSCI - Oil Sands as of 29.Apr.2022 0.00%
MSCI - Tobacco as of 29.Apr.2022 0.00%

Business Involvement Coverage as of 29.Apr.2022 60.42%
Percentage of Fund not covered as of 29.Apr.2022 39.56%
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 0.10% and for Oil Sands 0.25%.

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 combination with other information in the research and due diligence phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the 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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2
3
4
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7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BSF Fixed Income Strategies Fund, Class X2, as of 30.Apr.2022 rated against 985 Global Flexible Bond - EUR Hedged Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 30.Jul.2020)

Holdings

Holdings

as of 29.Apr.2022
Name Weight (%)
KFW 3.93
CYPRUS (REPUBLIC OF) 3.44
EUROPEAN FINANCIAL STABILITY FACILITY 1.74
AUSTRIA (REPUBLIC OF) 1.74
FINLAND (REPUBLIC OF) 1.37
Name Weight (%)
NEW ZEALAND (GOVERNMENT OF) 1.23
BPCE SFH 1.16
BANK OF AMERICA CORP 1.15
JPMORGAN CHASE & CO 1.13
EUROPEAN INVESTMENT BANK 1.11
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29.Apr.2022

% of Market Value

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 29.Apr.2022

% of Market Value

Type Fund Benchmark Net
as of 29.Apr.2022

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 29.Apr.2022

% of Market Value

Type Fund Benchmark Net
as of 29.Apr.2022

% of Market Value

Type Fund Benchmark Net
as of 29.Apr.2022

% of Market Value

Type Fund Benchmark Net
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 X2 EUR None 137.60 0.04 0.03 140.45 134.05 - LU0544632515 - -
Class A2 Hedged JPY - 10,073.39 3.19 0.03 10,489.51 9,969.27 - LU1948809105 - -
Class A4 Hedged USD Annual 117.18 0.06 0.05 119.79 114.16 - LU1046548191 - -
Class A4 Hedged CHF Annual 100.70 0.03 0.03 104.17 98.47 - LU1046547201 - -
Class D2 Hedged GBP None 113.07 0.04 0.04 115.36 110.06 - LU1117534401 - -
Class A2 Hedged CHF None 100.98 0.02 0.02 104.47 98.76 - LU0589446532 - -
Class A4 EUR Annual 104.87 0.02 0.02 108.30 102.44 - LU1040967272 - -
Class I2 EUR None 127.86 0.04 0.03 131.28 124.73 - LU0438336777 - -
Class A2 Hedged GBP None 107.28 0.04 0.04 109.86 104.50 - LU1200840038 - -
Class D2 EUR None 126.52 0.03 0.02 130.15 123.47 - LU0438336421 - -
Class I2 Hedged USD None 110.50 0.05 0.05 112.41 107.52 - LU1728038651 - -
Class D4 EUR Annual 104.49 0.03 0.03 107.71 101.97 - LU1090193134 - -
Class A2 EUR None 120.45 0.04 0.03 124.39 117.65 - LU0438336264 - -
Class D5 Hedged GBP Quarterly 110.48 0.04 0.04 112.83 107.54 - LU1117534666 - -
Class I5 EUR Quarterly 123.45 0.03 0.02 127.03 120.51 - LU1129992720 - -
Class X4 EUR Annual 103.27 0.03 0.03 106.46 100.61 - LU1260044430 - -
Class D2 Hedged CHF None 103.44 0.03 0.03 106.61 101.08 - LU1090193647 - -
Class D2 Hedged USD None 120.22 0.06 0.05 122.44 117.01 - LU1090194454 - -
Class A2 Hedged USD None 117.60 0.06 0.05 120.21 114.56 - LU1046547540 - -
Class D3 Hedged USD Monthly 116.21 0.06 0.05 118.43 113.15 - LU1193909402 - -

Portfolio Managers

Portfolio Managers

Michael Krautzberger
Head, BlackRock’s Pan-European Fixed Income Team

     

Tom Mondelaers
Managing Director

Tom Mondelaers, Managing Director, is a member of the Fundamental Euro Fixed Income team, where he is the lead portfolio manager for the investment grade credit portfolios.

Johan Sjogren
Johan Sjogren

Literature

Literature

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