Equity

BSF Global Event Driven Fund

  • NAV as of 15-Apr-21 JPY 11,532.60
    52 WK: 10,230.30 - 11,543.41
  • 1 Day NAV Change as of 15-Apr-21 -3.48 (-0.03%)

Overview

Investment Approach

The BlackRock Global Event Driven Fund seeks to achieve a positive absolute return for investors regardless of market movements. The Fund seeks to achieve this investment objective by taking long, synthetic long and synthetic short investment exposures on a global basis.

Under normal market conditions, the Fund will seek to gain at least 70% of its investment exposure through equities and equity-related securities. The Fund may also invest in fixed income transferable securities (including non-investment grade fixed income transferable securities), fixed income-related securities, units of undertakings for collective investment (including Exchange Traded Funds), derivatives and when determined appropriate, cash and near-cash instruments. The Fund intends to take full advantage of the ability to invest in derivatives providing synthetic long and synthetic short positions with the aim of maximising positive absolute returns. The Fund may also invest up to 10% of its Net Asset Value in Distressed Securities. The asset allocation of the Fund is intended to be flexible and the Fund will maintain the ability to adjust its exposures as market conditions and other factors dictate. The currency exposure of the Fund is flexibly managed.

In order to achieve its investment objective and policy, the Fund will utilise a variety of investment strategies and instruments. In particular, the Fund will employ a fundamentally-driven investment process focussed on a broad spectrum of catalyst based investment opportunities. These catalysts range across a broad spectrum and include, but are not limited to, announced mergers and acquisitions, company offers, spinoffs and split-offs, financial and strategic restructuring and management changes.

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

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

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Performance

Performance

Chart

Performance chart data not available for display.
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Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

Reinvestments

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution
  From
31-Mar-2016
To
31-Mar-2017		 From
31-Mar-2017
To
31-Mar-2018		 From
31-Mar-2018
To
31-Mar-2019		 From
31-Mar-2019
To
31-Mar-2020		 From
31-Mar-2020
To
31-Mar-2021
Total Return (%)

as of 31-Mar-21

- - 5.03 -3.36 15.52
  1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Mar-21

15.52 5.45 - - 4.70
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Mar-21

1.68 0.78 1.68 15.52 17.24 - - 15.13

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in JPY, 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

Size of Fund (Millions) as of 15-Apr-21 USD 5,404.834
12m Trailing Yield -
Number of Holdings 297
Base Currency U.S. Dollar
Fund Launch Date 04-Aug-15
Share Class launch date 07-Mar-18
Asset Class Equity
Morningstar Category -
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.07%
ISIN LU1781817421
Bloomberg Ticker BSGEI2J
Initial Charge 0.00%
Performance Fee 20.00%
SEDOL BFX17R0
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment JPY 10000000
Minimum Subsequent Investment JPY 10000
Use of Income Accumulating

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 evaluates the fundamental and strategic aspects of each security 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 with the 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.

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 31-Mar-21
Name Weight (%)
MAXIM INTEGRATED PRODUCTS INC 6.17
VARIAN MEDICAL SYSTEMS INC 6.03
SLACK TECHNOLOGIES INC 4.85
INPHI CORP 4.56
IHS MARKIT LTD 4.18
Name Weight (%)
ALEXION PHARMACEUTICALS INC 4.01
XILINX INC 3.89
WILLIS TOWERS WATSON PLC 3.37
RSA INSURANCE GROUP PLC 2.93
REALPAGE INC 2.83
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, asset classes are not available at this time.
Allocations subject to change.
as of 31-Mar-21

% of Market Value

Type Fund
Sorry, maturities are not available at this time.
Sorry, currency data is not available at this time.
Sorry, ratings are not available at this time.
as of 31-Mar-21

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class I2 Hedged JPY - 11,532.60 -3.48 -0.03 11,543.41 10,230.30 - LU1781817421 - -
Class D2 Hedged CHF None 118.06 -0.04 -0.03 118.25 105.55 - LU1387771113 - -
Class I2 Hedged CHF None 113.81 -0.04 -0.04 113.97 101.28 - LU1603214401 - -
Class IA2 Hedged EUR - 107.42 -0.02 -0.02 107.52 95.68 - LU2125116769 - -
Class A2 Hedged HKD None 1,083.98 -0.28 -0.03 1,085.11 956.53 - LU2114397776 - -
Class Z2 Hedged CHF None 124.24 -0.04 -0.03 124.37 110.06 - LU1341466644 - -
Class Z2 USD None 139.27 -0.04 -0.03 139.39 122.24 - LU1258025839 - -
Class IA2 USD - 117.89 -0.01 -0.01 117.96 104.64 - LU1921562119 - -
Class Z2 Hedged GBP None 131.75 -0.04 -0.03 131.87 116.10 - LU1288049866 - -
Class A2 Hedged SGD None 108.26 -0.03 -0.03 108.37 95.77 - LU2114397859 - -
Class A2 Hedged CHF None 115.71 -0.04 -0.03 115.97 103.71 - LU1400751324 - -
Class D2 Hedged GBP None 122.90 -0.04 -0.03 123.02 109.03 - LU1373034930 - -
Class I5 Hedged GBP Quarterly 118.50 -0.03 -0.03 118.60 105.01 - LU1603215044 - -
Class D4 Hedged GBP - 105.75 -0.03 -0.03 105.85 99.50 - LU2215606471 - -
Class I5 USD Quarterly 124.62 -0.03 -0.02 124.73 109.97 - LU1603214153 - -
Class D2 Hedged EUR None 118.92 -0.04 -0.03 119.10 106.09 - LU1373035077 - -
Class I4 Hedged EUR - 115.84 -0.04 -0.03 115.96 103.08 - LU1817852764 - -
Class A2 USD None 130.72 -0.03 -0.02 130.85 115.79 - LU1251620883 - -
Class D2 USD None 133.57 -0.03 -0.02 133.68 118.06 - LU1251621188 - -
Class Z2 Hedged EUR None 126.60 -0.04 -0.03 126.74 112.04 - LU1288049940 - -
Class I2 Hedged EUR None 120.88 -0.03 -0.02 121.01 107.66 - LU1382784764 - -
Class I2 BRL Hedged (USD) USD - 79.47 0.70 0.89 86.31 66.69 - LU2008661006 - -
Class A2 Hedged EUR None 115.60 -0.04 -0.03 115.85 103.52 - LU1376384878 - -
Class A4 Hedged EUR Annual 110.96 -0.03 -0.03 111.20 99.36 - LU1697783881 - -
Class I2 USD None 123.38 -0.03 -0.02 123.48 108.77 - LU1251621345 - -

Portfolio Managers

Portfolio Managers

Mark McKenna
Mark McKenna

Literature

Literature