Multi Asset

BSF BlackRock Systematic Style Factor 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.

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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Reinvestments

This product does not have any distributions data as of now.

This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -7.8 -5.1 -23.7 13.6 0.4 10.3
Comparator Benchmark 1 (%) 2.1 2.6 1.1 0.2 2.0 5.5

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

  1y 3y 5y 10y Incept.
11.81 9.55 -0.91 - -
Comparator Benchmark 1 (%) 5.65 2.82 2.34 - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.25 0.57 1.81 4.18 11.81 31.47 -4.45 - -
Comparator Benchmark 1 (%) 0.93 0.45 1.42 2.86 5.65 8.70 12.23 - -
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of 31/Dec/2023

-5.08 -23.67 13.59 0.43 10.30
Comparator Benchmark 1 (%)

as of 31/Dec/2023

2.60 1.08 0.18 1.97 5.48

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 18/Mar/2024 USD 147,707,413
Share Class launch date 19/Jul/2017
Fund Launch Date 29/Feb/2016
Share Class Currency CHF
Fund Base Currency USD
Asset Class Multi Asset
Comparator Benchmark 1 3 Month SOFR Compounded in Arrears plus 26.1 basis point spread
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.10%
ISIN LU1640627169
Annual Management Fee 0.55%
Performance Fee 0.00%
Minimum Initial Investment CHF 100,000.00
Minimum Subsequent Investment CHF 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Multistrategy Other
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BSSAD2C
SEDOL BYVSVR4

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

Business Involvement Coverage as of 29/Feb/2024 2.21%
Percentage of Fund not covered as of 29/Feb/2024 4.70%
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 -0.01%.

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 includes ESG considerations in the research, selection, monitoring and reporting phases of the investment process. This may include third-party and internal material considerations, as defined by the investment team, of ESG criteria. The Fund manager undergoes a rigorous research phase in the construction of internal ESG research signals, which highlight criteria such as environmental aspects, human capital or management quality. As part of this research, the Fund manager may conduct due diligence on ESG data providers. Once these signals have met the criteria necessary to be incorporated in the portfolio, they are considered, where applicable, as part of the investment decisions on an ongoing basis as part of a broader set of signals. The Fund manager additionally uses standardized ESG criteria (headline ESG ratings, carbon emissions intensity) during the reporting phase. These may be sourced internally or directly from third-party data providers and are featured in internal portfolio analytics. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 Hedged CHF 87.10 0.30 0.35 18/Mar/2024 87.10 78.61 LU1640627169
Class D2 Hedged EUR 100.31 0.35 0.35 18/Mar/2024 100.31 88.85 LU1352906298
Class Z2 USD 116.89 0.41 0.35 18/Mar/2024 116.89 101.81 LU1363273308
Class I2 Hedged EUR 101.90 0.36 0.35 18/Mar/2024 101.90 90.09 LU1352906538
Class D2 USD 115.76 0.41 0.36 18/Mar/2024 115.76 100.85 LU1373035408
Class X2 Hedged GBP 120.42 0.43 0.36 18/Mar/2024 120.42 104.49 LU1423753034
Class A4 Hedged EUR 96.87 0.33 0.34 18/Mar/2024 96.87 86.27 LU1394254640
Class I2 Hedged CHF 88.36 0.31 0.35 18/Mar/2024 88.36 79.65 LU1640627243
Class I2 Hedged JPY 9,931.33 32.93 0.33 18/Mar/2024 9,931.33 9,066.87 LU1484781551
Class A2 Hedged EUR 85.70 0.30 0.35 18/Mar/2024 85.70 76.37 LU1352906025
Class D2 EUR 117.73 0.45 0.38 18/Mar/2024 118.31 101.76 LU1373035317
Class I2 Hedged GBP 100.64 0.36 0.36 18/Mar/2024 100.64 87.80 LU1532729727
Class I2 USD 103.08 0.37 0.36 18/Mar/2024 103.08 89.65 LU1640626609
Class IPF2 Hedged EUR 102.41 0.37 0.36 18/Mar/2024 102.41 90.44 LU1469409517
Class A2 Hedged SEK 89.27 0.31 0.35 18/Mar/2024 89.27 79.34 LU1609299281
Class IPF2 Hedged CHF 90.80 0.32 0.35 18/Mar/2024 90.80 81.79 LU1706559660
Class A2 USD 109.37 0.38 0.35 18/Mar/2024 109.37 95.81 LU1352905993
Class D2 Hedged GBP 100.07 0.36 0.36 18/Mar/2024 100.07 87.47 LU1572169370
Class A4 USD 111.16 0.39 0.35 18/Mar/2024 111.16 97.36 LU1394251976
Class Z2 Hedged EUR 101.56 0.36 0.36 18/Mar/2024 101.56 89.92 LU1363273480
Class I2 BRL Hedged (USD) USD 90.11 -0.32 -0.35 18/Mar/2024 90.93 70.79 LU1718790519

Portfolio Managers

Portfolio Managers

Philip Hodges
Philip Hodges
He Ren
He Ren

Literature

Literature