Equity

BSF BlackRock Global Event Driven 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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Reinvestments

 
  1y 3y 5y 10y Incept.
-3.16 -0.65 0.85 - 1.07
0.97 1.78 3.38 - 3.34
-8.00 -2.33 -0.18 - 0.36
-4.08 0.06 2.33 - 2.69
Benchmark (%) 4.25 1.55 1.65 - 1.43
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.01 0.24 2.62 -2.07 -3.16 -1.92 4.32 - 8.09
2.82 0.58 3.69 0.05 0.97 5.44 18.09 - 30.38
-4.99 -4.77 -2.51 -6.96 -8.00 -6.83 -0.89 - 2.69
-2.32 -4.45 -1.49 -4.95 -4.08 0.17 12.18 - 23.86
Benchmark (%) 3.13 0.45 1.31 2.47 4.25 4.72 8.55 - 11.00
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.

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 CHF 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 03-Oct-2023 USD 2,879,463,098
Share Class Inception Date 27-Apr-2016
Fund Inception 04-Aug-2015
Share Class Currency CHF
Fund Base Currency USD
Asset Class Equity
Benchmark ICE BofA 3-MO US Treasury Bill (G0O1)
SFDR Classification Other
Initial Charge 5.00%
ISIN LU1400751324
Management Fee (incl. Distribution Fee, if any) 1.50%
Performance Fee 20.00%
Minimum Initial Investment CHF 5000
Minimum Subsequent Investment CHF 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Event Driven
Dealing Settlement Trade date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BSGA2CH
SEDOL BD9XW04
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-2023 273
Standard Deviation (3y) as of 31-Aug-2023 4.68%
3y Beta as of 31-Aug-2023 -0.692
P/E Ratio as of 31-Aug-2023 15.44
P/B Ratio as of 31-Aug-2023 2.76
5Y Annualised Volatility as of 31-Aug-2023 5.40
Since Share Inception – Annualised Volatility as of 31-Aug-2023 4.79

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) 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. MSCI Ratings are currently unavailable for this fund.

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 31-Aug-2023 0.03%
MSCI - UN Global Compact Violators as of 31-Aug-2023 1.16%
MSCI - Nuclear Weapons as of 31-Aug-2023 0.03%
MSCI - Thermal Coal as of 31-Aug-2023 0.00%
MSCI - Civilian Firearms as of 31-Aug-2023 0.25%
MSCI - Oil Sands as of 31-Aug-2023 0.00%
MSCI - Tobacco as of 31-Aug-2023 0.64%

Business Involvement Coverage as of 31-Aug-2023 60.13%
Percentage of Fund not covered as of 31-Aug-2023 11.03%
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 0.00% and for Oil Sands 0.56%.

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 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 evaluates the fundamental and strategic aspects of securities in which the Fund may invest. This may include a detailed, comprehensive review and analysis of all aspects of the company, including ESG policies, when evaluating opportunities. The Fund manager's deep due diligence informs a holistic perspective on a given issuer and may impact the investment decision. Additionally, on a regular basis the Fund manager conducts portfolio risk reviews between the investment team and BlackRock’s 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, where appropriate.

Holdings

Holdings

as of 31-Aug-2023
Name Weight (%)
ACTIVISION BLIZZARD INC 7.03
BLACK KNIGHT INC 4.89
HORIZON THERAPEUTICS PLC 4.84
SEAGEN INC 3.91
HOWMET AEROSPACE INC 2.84
Name Weight (%)
COTY INC 2.53
CAESARS ENTERTAINMENT INC 2.41
TOSHIBA CORPORATION 2.38
NATIONAL INSTRUMENTS CORPORATION 2.37
DECHRA PHARMACEUTICALS PLC 1.98

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2023

% of Weight

Type Fund
as of 31-Aug-2023

% of Weight

Type Fund
as of 31-Aug-2023

% 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.
as of 31-Aug-2023

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 Hedged CHF N/A 106.51 -0.30 -0.28 03-Oct-2023 111.37 105.23 LU1400751324
A2 USD N/A 128.93 -0.34 -0.26 03-Oct-2023 131.16 125.21 LU1251620883
D4 Hedged GBP - 103.43 -0.28 -0.27 03-Oct-2023 105.49 100.71 LU2215606471
D2 Hedged EUR N/A 112.92 -0.30 -0.26 03-Oct-2023 116.23 110.55 LU1373035077
D2 Hedged CHF N/A 110.00 -0.31 -0.28 03-Oct-2023 114.64 108.48 LU1387771113
A4 Hedged EUR Quarterly 104.07 -0.29 -0.28 03-Oct-2023 107.48 102.08 LU1697783881
A2 Hedged HKD N/A 1,049.68 -2.78 -0.26 03-Oct-2023 1,078.33 1,025.10 LU2114397776
A2 Hedged SGD N/A 105.01 -0.28 -0.27 03-Oct-2023 107.95 102.82 LU2114397859
D2 Hedged GBP N/A 120.18 -0.32 -0.27 03-Oct-2023 122.57 117.01 LU1373034930
D2 USD N/A 133.37 -0.34 -0.25 03-Oct-2023 135.22 128.89 LU1251621188
A2 Hedged EUR N/A 108.43 -0.29 -0.27 03-Oct-2023 111.98 106.35 LU1376384878

Ratings

Portfolio Managers

Portfolio Managers

Mark McKenna
Mark McKenna

Documents

Documents