Equity

BSF Global Event Driven Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

The value of your investment and the income from it will vary and your initial investment amount is not guaranteed. Overseas investments will be affected by movements in currency exchange rates.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

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This chart shows the fund's performance as the percentage loss or gain per year over the last 7 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 2.3 1.4 3.6 5.2 0.3 -5.6 2.3
Comparator Benchmark 1 (%) 0.9 1.9 2.3 0.7 0.0 1.5 5.0

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
0.32 -2.66 0.07 - 0.91
Comparator Benchmark 1 (%) 5.40 3.03 2.16 - 1.83
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-2.64 -0.60 -2.11 -2.64 0.32 -7.77 0.34 - 7.69
Comparator Benchmark 1 (%) 2.63 0.41 1.32 2.63 5.40 9.37 11.26 - 16.01
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30/Jun/2024

0.92 7.80 -7.22 -0.90 0.32
Comparator Benchmark 1 (%)

as of 30/Jun/2024

1.63 0.09 0.17 3.59 5.40

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 24/Jul/2024
USD 1,830,775,035
Fund Launch Date
04/Aug/2015
Fund Base Currency
USD
Comparator Benchmark 1
ICE BofAML 3-MO US Treasury Bill
Initial Charge
5.00%
ISIN
LU1400751324
Performance Fee
20.00%
Minimum Subsequent Investment
CHF 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BSGA2CH
Share Class launch date
27/Apr/2016
Share Class Currency
CHF
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.85%
Annual Management Fee
1.50%
Minimum Initial Investment
CHF 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Event Driven
Dealing Frequency
Daily, forward pricing basis
SEDOL
BD9XW04

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
277
3y Beta
as of 30/Jun/2024
0.756
P/B Ratio
as of 28/Jun/2024
2.45
Standard Deviation (3y)
as of 30/Jun/2024
5.27%
P/E Ratio
as of 28/Jun/2024
22.42

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.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
HESS CORP 4.43
CATALENT INC 3.72
COTY INC 3.08
CAESARS ENTERTAINMENT INC 2.82
UNITED STATES STEEL CORP 2.55
Name Weight (%)
CLOUD SOFTWARE GROUP INC 2.54
HOWMET AEROSPACE INC 2.50
TENET HEALTHCARE CORPORATION 2.06
ALBERTSONS COMPANIES INC 2.05
AMEDISYS INC 1.71
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Jun/2024

% of Market Value

Type Fund
as of 28/Jun/2024

% of Market Value

Type Fund
as of 28/Jun/2024

% of Market Value

Type Fund
as of 28/Jun/2024

% of Market Value

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.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A2 Hedged CHF 108.69 0.20 0.18 24/Jul/2024 110.68 104.14 LU1400751324
Class D2 Hedged CHF 112.72 0.20 0.18 24/Jul/2024 114.43 107.60 LU1387771113
Class D2 Hedged GBP 126.90 0.25 0.20 24/Jul/2024 127.14 117.84 LU1373034930
Class A2 Hedged SGD 109.04 0.21 0.19 24/Jul/2024 110.04 102.84 LU2114397859
Class D2 USD 141.44 0.28 0.20 24/Jul/2024 141.59 130.83 LU1251621188
Class A2 USD 136.18 0.26 0.19 24/Jul/2024 136.48 126.43 LU1251620883
Class I5 Hedged GBP 122.95 0.24 0.20 24/Jul/2024 123.63 114.42 LU1603215044
Class I5 USD 133.22 0.26 0.20 24/Jul/2024 133.28 122.97 LU1603214153
Class I2 Hedged EUR 121.11 0.24 0.20 24/Jul/2024 121.62 113.27 LU1382784764
Class Z2 Hedged GBP 138.38 0.27 0.20 24/Jul/2024 138.48 128.02 LU1288049866
Class I2 Hedged JPY 10,957.38 18.68 0.17 24/Jul/2024 11,207.07 10,565.78 LU1781817421
Class I4 Hedged EUR 114.50 0.22 0.19 24/Jul/2024 116.67 108.66 LU1817852764
Class IA2 Hedged EUR 109.28 0.21 0.19 24/Jul/2024 109.62 101.85 LU2125116769
Class Z2 Hedged CHF 120.70 0.22 0.18 24/Jul/2024 122.25 114.78 LU1341466644
Class D4 Hedged GBP 107.71 0.21 0.20 24/Jul/2024 109.42 101.42 LU2215606471
Class I2 BRL Hedged (USD) USD 103.49 -0.59 -0.57 24/Jul/2024 117.29 101.49 LU2008661006
Class I2 USD 131.88 0.26 0.20 24/Jul/2024 131.94 121.73 LU1251621345
Class D2 Hedged EUR 118.01 0.22 0.19 24/Jul/2024 118.59 110.63 LU1373035077
Class A2 Hedged HKD 1,099.99 2.14 0.19 24/Jul/2024 1,105.38 1,028.78 LU2114397776
Class A2 Hedged EUR 112.86 0.21 0.19 24/Jul/2024 113.58 106.19 LU1376384878
Class I2 Hedged CHF 109.64 0.20 0.18 24/Jul/2024 111.15 104.44 LU1603214401
Class Z2 USD 150.00 0.29 0.19 24/Jul/2024 150.01 138.25 LU1258025839
Class IA2 USD 127.91 0.25 0.20 24/Jul/2024 127.91 117.64 LU1921562119
Class Z2 Hedged EUR 127.84 0.25 0.20 24/Jul/2024 128.32 119.38 LU1288049940
Class A4 Hedged EUR 108.35 0.21 0.19 24/Jul/2024 109.04 101.93 LU1697783881

Portfolio Managers

Portfolio Managers

Mark McKenna
Mark McKenna

Literature

Literature