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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Performance

Performance

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  1y 3y 5y 10y Incept.
13.54 -1.58 - - -1.15
14.62 -0.36 4.25 - 5.07
7.86 -3.24 - - -2.79
8.89 -2.05 3.19 - 4.19
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
11.90 1.54 1.93 3.15 13.54 -4.65 - - -3.46
12.81 1.58 2.10 3.58 14.62 -1.09 23.16 - 35.35
6.31 -3.54 -3.16 -2.01 7.86 -9.42 - - -8.29
7.17 -3.50 -3.00 -1.60 8.89 -6.03 17.00 - 28.58

  2019 2020 2021 2022 2023
Total Return (%) -22.42 11.22
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 AUD, hedged share class benchmark performance is displayed in GBP.

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

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.

Key Facts

Key Facts

Net Assets of Fund
as of 10-Dec-2024
GBP 283,244,905
Fund Inception
17-Oct-2018
Fund Base Currency
GBP
Benchmark
3 Month SONIA Compounded in Arrears + 11.9 basis points spread
Initial Charge
5.00%
ISIN
LU2402058403
Performance Fee
20.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BLCARDH
MAS ESG Fund
No
Share Class Inception Date
10-Nov-2021
Share Class Currency
AUD
Asset Class
Equity
SFDR Classification
Other
Management Fee
1.00%
Management Fee (incl. Distribution Fee, if any)
1.00%
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BNDKHV7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29-Nov-2024
224
3y Beta
as of 30-Nov-2024
10.280
P/B Ratio
as of 29-Nov-2024
3.95
Since Share Inception – Annualised Volatility
as of 30-Nov-2024
10.07
Standard Deviation (3y)
as of 30-Nov-2024
10.07%
P/E Ratio
as of 29-Nov-2024
34.65
5Y Annualised Volatility
as of -
-

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 29-Nov-2024
0.00%
MSCI - Nuclear Weapons
as of 29-Nov-2024
0.00%
MSCI - Civilian Firearms
as of 29-Nov-2024
0.00%
MSCI - Tobacco
as of 29-Nov-2024
0.00%
MSCI - UN Global Compact Violators
as of 29-Nov-2024
0.00%
MSCI - Thermal Coal
as of 29-Nov-2024
0.00%
MSCI - Oil Sands
as of 29-Nov-2024
0.00%

Business Involvement Coverage
as of 29-Nov-2024
80.02%
Percentage of Fund not covered
as of 29-Nov-2024
19.61%
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

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Ratings

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
MICROSOFT CORPORATION 3.00
EXPERIAN PLC 2.49
AMAZON.COM INC 2.28
DSV A/S 2.28
BREEDON GROUP PLC 2.25
Name Weight (%)
LONDON STOCK EXCHANGE GROUP PLC 2.16
CRH PLC 2.15
GREAT PORTLAND ESTATES PLC 2.14
RELX PLC 2.00
META PLATFORMS INC 1.97

Exposure Breakdowns

Exposure Breakdowns

as of 29-Nov-2024

% of Weight

Type Fund
as of 29-Nov-2024

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 AUD Hedged AUD 96.87 -0.29 -0.30 10-Dec-2024 97.52 84.28 LU2402058403
A2 Hedged CHF 114.64 -0.32 -0.28 10-Dec-2024 115.79 102.91 LU1991003358
A2 GBP 128.31 -0.36 -0.28 10-Dec-2024 129.14 111.16 LU1990957067
D2 GBP 135.85 -0.37 -0.27 10-Dec-2024 136.72 117.11 LU1861218136
D2 Hedged CHF 119.83 -0.33 -0.27 10-Dec-2024 120.78 107.03 LU1861219373
D2 Hedged USD 141.65 -0.39 -0.27 10-Dec-2024 142.55 121.77 LU1861219613
D2 Hedged EUR 126.93 -0.35 -0.27 10-Dec-2024 127.77 110.86 LU1861218995
A2 Hedged USD 131.80 -0.36 -0.27 10-Dec-2024 132.64 113.86 LU1990978147
A2 Hedged EUR 123.69 -0.35 -0.28 10-Dec-2024 124.52 108.56 LU1861218565

Portfolio Managers

Portfolio Managers

Dan Whitestone
Dan Whitestone
Matthew Betts
Matthew Betts

Documents

Documents