Equity

BSF Emerging Companies Absolute Return Fund

  • NAV as of 26-Feb-21 CHF 122.58
    52 WK: 101.89 - 126.51
  • 1 Day NAV Change as of 26-Feb-21 -0.36 (-0.29%)

Overview

Investment Approach

The Fund aims to achieve positive absolute returns through a combination of capital growth and income on your investment regardless of market conditions. The Fund seeks to gain at least 60% of its investment exposure to equity securities (e.g. shares) and equity-related securities of companies domiciled in, or the main business of which is in, or have their primary listing in, the United Kingdom. Such companies include small, mid and large-capitalisation companies that are considered ‘emerging’, i.e. at an early stage of their life cycle and/or are expected to experience significant growth. In selecting the Fund’s investments, the Investment Adviser (IA) will use fundamental analysis, focusing on evaluating companies’ earning power and identifying emerging structural changes within industries. The Fund will invest at least 70% of its assets in equity securities and other equity-related securities, including financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). The Fund may also, when determined appropriate, invest in fixed income (FI) securities, money market instruments (MMIs) (i.e. debt securities with short-term maturities), deposits and cash.

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.

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.

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

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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-Dec-2015
To
31-Dec-2016		 From
31-Dec-2016
To
31-Dec-2017		 From
31-Dec-2017
To
31-Dec-2018		 From
31-Dec-2018
To
31-Dec-2019		 From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of 31-Dec-20

- - - 13.38 10.52
Benchmark (%)

as of 31-Dec-20

- - - 0.81 0.29
  1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Jan-21

6.67 - - - 8.81
Benchmark (%)

as of 31-Jan-21

0.23 - - - 0.56
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Jan-21

-0.52 -0.52 0.98 6.67 - - - 21.29
Benchmark (%)

as of 31-Jan-21

0.00 0.00 0.01 0.23 - - - 1.28

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 CHF, 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

Key Facts

Key Facts

Size of Fund (Millions) as of 26-Feb-21 GBP 829.849
12m Trailing Yield -
Number of Holdings 197
Base Currency British Pound
Fund Launch Date 17-Oct-18
Share Class launch date 17-Oct-18
Asset Class Equity
Morningstar Category Alt - Long/Short Equity - UK
Benchmark Index LIBOR 3 Month Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.12%
ISIN LU1861219456
Bloomberg Ticker BRUZ2CH
Initial Charge 0.00%
Performance Fee 20.00%
SEDOL BDRMQS9
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Weekly, Business Day
Minimum Initial Investment CHF 10000000
Minimum Subsequent Investment CHF 10000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 29-Jan-21 39.14
P/B Ratio as of 29-Jan-21 18.04
Average Market Cap (Millions) as of 29-Jan-21 GBP 169,704.99

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 combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. 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 29-Jan-21
Name Weight (%)
MICROSOFT CORPORATION 3.38
PAYPAL HOLDINGS INC 2.49
GAMMA COMMUNICATIONS PLC 2.37
ELECTROCOMPONENTS PLC 2.36
GAMES WORKSHOP GROUP PLC 2.13
Name Weight (%)
NASDAQ INC 2.10
ASHTEAD GROUP PLC 2.09
DR MARTENS AIRWAIR LTD 1.98
RECKITT BENCKISER GROUP PLC 1.95
YOUGOV PLC 1.87
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jan-21

% of Market Value

Type Fund
as of 29-Jan-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 Z2 Hedged CHF - 122.58 -0.36 -0.29 126.51 101.89 - LU1861219456 - -
Class A2 Hedged CNH - 1,046.61 -0.86 -0.08 1,075.62 1,005.55 - LU2252211383 - -
Class A2 Hedged CHF - 117.29 -0.43 -0.37 120.93 97.09 - LU1991003358 - -
Class S2 GBP - 124.47 -0.39 -0.31 128.21 102.67 - LU1884804383 - -
Class I2 Hedged USD - 128.21 -0.44 -0.34 132.16 105.62 - LU1861219886 - -
Class I4 GBP - 116.69 -0.36 -0.31 120.19 96.30 - LU2066748497 - -
Class D2 Hedged USD - 126.95 -0.44 -0.35 130.87 104.66 - LU1861219613 - -
Class D2 Hedged CHF - 120.34 -0.42 -0.35 124.06 100.59 - LU1861219373 - -
Class Z2 GBP - 126.51 -0.33 -0.26 130.48 104.44 - LU1861218219 - -
Class I2 Hedged CHF - 121.31 -0.44 -0.36 125.05 101.34 - LU1861219530 - -
Class D2 Hedged EUR - 121.69 -0.42 -0.34 125.44 101.02 - LU1861218995 - -
Class A2 Hedged USD - 120.87 -0.40 -0.33 124.61 99.98 - LU1990978147 - -
Class A2 Hedged EUR - 120.65 -0.41 -0.34 124.38 100.48 - LU1861218565 - -
Class X2 GBP - 133.74 -0.23 -0.17 138.53 106.40 - LU1861218482 - -
Class D2 GBP - 123.89 -0.39 -0.31 127.62 102.25 - LU1861218136 - -
Class A2 GBP - 119.16 -0.38 -0.32 122.77 97.94 - LU1990957067 - -
Class I2 GBP - 124.98 -0.39 -0.31 128.73 102.67 - LU1861218300 - -
Class I2 Hedged EUR - 122.41 -0.43 -0.35 126.17 101.68 - LU1861219290 - -
Class Z2 Hedged EUR - 123.84 -0.35 -0.28 127.80 102.79 - LU1861219027 - -
Class Z2 Hedged USD - 129.62 -0.36 -0.28 133.77 106.58 - LU1861219704 - -

Portfolio Managers

Portfolio Managers

Dan Whitestone
Dan Whitestone
Nicholas Little
Nicholas Little

Literature

Literature