Equity

BSF BlackRock Emerging Companies Absolute Return Fund

Shares in smaller companies typically trade in less volume and experience greater price variations than larger companies. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Due to its investment strategy an 'Absolute Return' fund may not move in line with market trends or fully benefit from a positive market environment. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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

Chart

Performance chart data not available for display.
View full chart
  1y 3y 5y 10y Incept.
15.92 - - - 9.41
10.12 - - - 7.15
  YTD 6m 1y 3y 5y 10y Incept.
-1.24 -0.87 15.92 - - - 24.69
-6.18 -5.83 10.12 - - - 18.46
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 21-Apr-2021 GBP 835.777
Base Currency British Pound
Fund Inception 17-Oct-2018
Share Class Currency U.S. Dollar
Share Class Inception Date 17-Oct-2018
Additional Currencies British Pound, Euro, Swiss Franc
Asset Class Equity
Morningstar Category Alt - Long/Short Equity - UK
Benchmark LIBOR 3 Month (GBP)
Distribution Frequency -
ISIN LU1861219613
Bloomberg Ticker BRUD2UH
Management Fee (incl. Distribution Fee, if any) 1.00%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 31-Mar-2021 41.22
Average Market Cap (Millions) as of 31-Mar-2021 GBP 157,830.22
Yield to Maturity as of 31-Mar-2021 0.02
Modified Duration as of 31-Mar-2021 0.17
Effective Duration as of 31-Mar-2021 0.16yrs
3y Volatility as of - -
5yr Volatility as of - -
Since Share Inception – Volatility as of 31-Mar-2021 7.58
Since Share Inception Volatility – Benchmark as of 31-Mar-2021 0.10
Since Share Inception - Beta as of 31-Mar-2021 4.46

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 phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. 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-Mar-2021
Name Weight (%)
MICROSOFT CORPORATION 3.47
ELECTROCOMPONENTS PLC 2.86
GAMMA COMMUNICATIONS PLC 2.74
ALPHABET INC 2.60
MOONPIG GROUP PLC 2.37
Name Weight (%)
PAYPAL HOLDINGS INC 2.29
ASHTEAD GROUP PLC 2.16
NASDAQ INC 2.02
JD SPORTS FASHION PLC 1.96
MASTERCARD INC 1.92

Exposure Breakdowns

Exposure Breakdowns

as of 31-Mar-2021

% of Weight

Type Fund
Sorry, markets/regions are not available at this time.
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 USD - 129.30 -0.81 -0.62 21-Apr-2021 LU1861219613
A2 Hedged USD - 123.03 -0.79 -0.64 21-Apr-2021 LU1990978147
D2 Hedged CHF - 122.30 -0.80 -0.65 21-Apr-2021 LU1861219373
D2 Hedged EUR - 123.79 -0.82 -0.66 21-Apr-2021 LU1861218995
A2 Hedged CHF - 119.14 -0.78 -0.65 21-Apr-2021 LU1991003358
D2 GBP - 126.21 -0.81 -0.64 21-Apr-2021 LU1861218136
A2 Hedged EUR - 122.67 -0.80 -0.65 21-Apr-2021 LU1861218565
A2 GBP - 121.31 -0.79 -0.65 21-Apr-2021 LU1990957067

Portfolio Managers

Portfolio Managers

Dan Whitestone
Dan Whitestone
Nicholas Little
Nicholas Little

Documents

Documents