Equity

BSF BlackRock Americas Diversified Equity Absolute Return Fund

Overview

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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

Performance

Performance

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  1y 3y 5y 10y Incept.
2.62 0.94 1.02 - 1.85
-2.51 -0.77 -0.01 - 1.12
  YTD 6m 1y 3y 5y 10y Incept.
-1.15 -2.10 2.62 2.84 5.19 - 14.04
-6.10 -7.00 -2.51 -2.30 -0.07 - 8.34
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

Key Facts

Key Facts

Size of Fund (Millions) as of 28-Sep-2022 USD 727.222
Base Currency U.S. Dollar
Fund Inception 17-Feb-2012
Share Class Currency British Pound
Share Class Inception Date 01-Jul-2015
Additional Currencies Australian Dollar, Euro, Swedish Krona, Swiss Franc, U.S. Dollar
Asset Class Equity
Morningstar Category Equity Market Neutral Other
Benchmark 3 Month SOFR Compounded in Arrears plus 26.1 basis point spread
Distribution Frequency N/A
ISIN LU1246651910
Bloomberg Ticker BSADD2G
Management Fee (incl. Distribution Fee, if any) 1.00%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 31-Aug-2022 5.67
Average Market Cap (Millions) as of 31-Aug-2022 USD -65,380.98
Yield to Maturity as of 31-Aug-2022 2.57
Modified Duration as of 31-Aug-2022 0.25
Effective Duration as of 31-Aug-2022 0.18yrs
3y Volatility as of 31-Aug-2022 4.71
3y Volatility - Benchmark as of 31-Aug-2022 0.29
3y Beta as of 31-Aug-2022 -1.163
5Y Annualised Volatility as of 31-Aug-2022 5.20
5y Volatility - Benchmark as of 31-Aug-2022 0.31
5y Beta as of 31-Aug-2022 -0.066
Since Share Inception – Annualised Volatility as of 31-Aug-2022 5.27
Since Share Inception Volatility – Benchmark as of 31-Aug-2022 0.28
Since Share Inception - Beta as of 31-Aug-2022 -0.14

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.

Holdings

Holdings

as of 31-Aug-2022
Name Weight (%)
DTE ENERGY COMPANY 2.91
BLACK HILLS CORPORATION 2.26
KEYCORP 2.24
CIGNA CORP 1.91
PEPSICO INC 1.78
Name Weight (%)
CMS ENERGY CORPORATION 1.72
MARSH & MCLENNAN COMPANIES INC 1.66
US BANCORP 1.56
TRAVELERS COMPANIES INC 1.51
SEMTECH CORPORATION 1.50

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2022

% of Weight

Type Fund
as of 31-Aug-2022

% of Weight

Type Fund
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.
Sorry, asset classes are 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.
Due to rounding, the total may not be equal to 100%

Ratings

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
D2 Hedged GBP N/A 116.20 0.47 0.41 28-Sep-2022 LU1246651910
A2 USD N/A 139.66 0.56 0.40 28-Sep-2022 LU0725887540
D2 Hedged CHF N/A 103.90 0.42 0.41 28-Sep-2022 LU1238068594
A2 EUR - 122.51 0.65 0.53 28-Sep-2022 LU1991022069
D2 Hedged EUR N/A 128.85 0.53 0.41 28-Sep-2022 LU0725892383
A2 Hedged SEK N/A 126.72 0.52 0.41 28-Sep-2022 LU0765562458
A2 Hedged EUR N/A 123.49 0.51 0.41 28-Sep-2022 LU0725892466
D2 USD N/A 120.66 0.49 0.41 28-Sep-2022 LU1238068321
A2 GBP N/A 207.43 2.61 1.27 28-Sep-2022 LU0784324112
A2 AUD N/A 217.99 1.19 0.55 28-Sep-2022 LU0840974975

Portfolio Managers

Portfolio Managers

Raffaele Savi
Raffaele Savi
Travis Cooke
Travis Cooke

Documents

Documents