Real Estate

BSF BlackRock Global Real Asset Securities 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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Distributions

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
12.78 - - - 8.05
7.14 - - - 3.86
  YTD 6m 1y 3y 5y 10y Incept.
0.37 8.60 12.78 - - - 10.56
-4.65 3.17 7.14 - - - 5.04
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 05-Mar-2021 USD 211.565
Base Currency U.S. Dollar
Fund Inception 30-Nov-2017
Share Class Currency Singapore Dollar
Share Class Inception Date 13-Nov-2019
Additional Currencies Hong Kong Dollar, U.S. Dollar
Asset Class Real Estate
Morningstar Category -
Benchmark FTSE Custom Dev Core Infrast 50/50 EPRA Nareit Dev Dividend+ NET Index
Distribution Frequency Monthly
ISIN LU2070343632
Bloomberg Ticker BSGRA3S
Management Fee (incl. Distribution Fee, if any) 1.20%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 26-Feb-2021 22.51
Average Market Cap (Millions) as of 26-Feb-2021 USD 23,953.54
Yield to Maturity as of 26-Feb-2021 0.00
Modified Duration as of 26-Feb-2021 0.01
Effective Duration as of 26-Feb-2021 0.01yrs
3y Volatility as of - -
5yr Volatility as of - -
Since Share Inception – Volatility as of 28-Feb-2021 23.17
Since Share Inception Volatility – Benchmark as of 28-Feb-2021 26.12
Since Share Inception - Beta as of 28-Feb-2021 0.87

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 05-Feb-2021 BBB
MSCI ESG Quality Score (0-10) as of 05-Feb-2021 5.58
MSCI ESG Quality Score - Peer Percentile as of 05-Feb-2021 89.88
MSCI ESG % Coverage as of 05-Feb-2021 91.07
Fund Lipper Global Classification as of 05-Feb-2021 Equity Sector Real Est Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 05-Feb-2021 284.38
Funds in Peer Group as of 05-Feb-2021 326
All data is from MSCI ESG Fund Ratings as of 05-Feb-2021, based on holdings as of 30-Sep-2020. 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 covered 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 26-Feb-2021 0.00%
MSCI - UN Global Compact Violators as of 26-Feb-2021 0.00%
MSCI - Nuclear Weapons as of 26-Feb-2021 0.00%
MSCI - Thermal Coal as of 26-Feb-2021 0.00%
MSCI - Civilian Firearms as of 26-Feb-2021 0.00%
MSCI - Oil Sands as of 26-Feb-2021 0.00%
MSCI - Tobacco as of 26-Feb-2021 0.00%

Business Involvement Coverage as of 26-Feb-2021 92.51%
Percentage of Fund not covered as of 26-Feb-2021 7.49%
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 0.00%.

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 the initial screening, sourcing and due diligence phases of the investment process. This may include the use of internal ESG due diligence templates to identify, analyze and document key ESG risks, and the use of thematic environmental, social and governance information sourced from both primary sources and third-party data providers. Identified material ESG risks are included in Investment Committee material and, where appropriate, discussed at relevant Investment Committee meetings. This information broadly informs the investment approach and may be considered in investment decisions or security selection. The Fund manager also considers ESG criteria during post-investment monitoring and conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks.

Holdings

Holdings

as of 26-Feb-2021
Name Weight (%)
TRANSURBAN GROUP STAPLED UNITS 3.94
NATIONAL GRID PLC 3.50
EQUINIX REIT INC 3.04
NEXTERA ENERGY INC 3.03
VONOVIA SE 3.01
Name Weight (%)
ENEL 2.98
UDR REIT INC 2.90
MEDICAL PROPERTIES TRUST REIT INC 2.52
SEVERN TRENT PLC 2.48
ESR CAYMAN LTD 2.46

Exposure Breakdowns

Exposure Breakdowns

as of 26-Feb-2021

% of Weight

Type Fund Benchmark Net
as of 26-Feb-2021

% of Weight

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 26-Feb-2021

% of Weight

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.
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
A3 Hedged SGD Monthly 95.98 0.04 0.04 04-Mar-2021 LU2070343632
D3 USD Monthly 97.40 0.04 0.04 04-Mar-2021 LU2047633727
D2 USD N/A 126.89 -2.07 -1.61 05-Mar-2021 LU1669036458
A3 USD Monthly 96.14 0.04 0.04 04-Mar-2021 LU2070343558
A3 Hedged HKD Monthly 96.71 0.04 0.04 04-Mar-2021 LU2070343715
A2 USD N/A 124.46 -2.05 -1.62 05-Mar-2021 LU1669035997

Portfolio Managers

Portfolio Managers

James Wilkinson
James Wilkinson
Alastair Gillespie
Alastair Gillespie
Mark Howard-Johnson
Mark Howard-Johnson

Documents

Documents