Equity

BSF Emerging Companies Absolute Return 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.

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

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 5 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 13.4 10.2 9.4 -22.2 11.2
Comparator Benchmark 1 (%) 0.8 0.3 0.1 1.5 4.8

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

  1y 3y 5y 10y Incept.
14.61 -0.97 3.63 - 3.74
Comparator Benchmark 1 (%) 5.31 2.72 1.79 - 1.70
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.28 -0.75 2.21 10.74 14.61 -2.88 19.49 - 22.55
Comparator Benchmark 1 (%) 1.78 0.44 1.32 2.68 5.31 8.38 9.29 - 9.79
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

3.76 14.98 -3.51 -8.38 16.22
Comparator Benchmark 1 (%)

as of 31/Mar/2024

0.76 0.14 0.20 2.36 5.22

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 EUR, 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

Net Assets of Fund
as of 30/May/2024
GBP 285,553,230
Fund Launch Date
17/Oct/2018
Fund Base Currency
GBP
Comparator Benchmark 1
3 Month SONIA Compounded in Arrears + 11.9 basis points spread
Initial Charge
0.00%
ISIN
LU1861219290
Performance Fee
20.00%
Minimum Subsequent Investment
EUR 10,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRUI2EH
Share Class launch date
17/Oct/2018
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.09%
Annual Management Fee
1.00%
Minimum Initial Investment
EUR 10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Long/Short Equity - Other
Dealing Frequency
Daily, forward pricing basis
SEDOL
BDRMQX4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2024
214
3y Beta
as of 30/Apr/2024
5.202
P/B Ratio
as of 30/Apr/2024
2.91
Standard Deviation (3y)
as of 30/Apr/2024
10.40%
P/E Ratio
as of 30/Apr/2024
23.45

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 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, 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

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

Ratings

Holdings

Holdings

as of 30/Apr/2024
Name Weight (%)
MICROSOFT CORPORATION 2.73
LONDON STOCK EXCHANGE GROUP PLC 2.71
BREEDON GROUP PLC 2.64
AMAZON.COM INC 2.49
OXFORD INSTRUMENTS PLC 2.16
Name Weight (%)
ASML HOLDING NV 2.14
RELX PLC 2.12
COMPASS GROUP PLC 2.11
NOVO NORDISK A/S 2.02
CRH PLC 1.90
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2024

% of Market Value

Type Fund
as of 30/Apr/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 I2 Hedged EUR 125.39 -0.76 -0.60 30/May/2024 127.10 109.56 LU1861219290
Class Z2 GBP 135.25 -0.79 -0.58 30/May/2024 137.04 116.65 LU1861218219
Class S2 GBP 133.01 -0.77 -0.58 30/May/2024 134.77 114.66 LU1884804383
Class Z2 Hedged EUR 126.90 -0.76 -0.60 30/May/2024 128.62 110.92 LU1861219027
Class I2 Hedged CHF 119.87 -0.74 -0.61 30/May/2024 121.55 106.64 LU1861219530
Class D2 GBP 130.96 -0.77 -0.58 30/May/2024 132.70 113.23 LU1861218136
Class I2 GBP 133.42 -0.78 -0.58 30/May/2024 135.19 115.02 LU1861218300
Class Z2 Hedged USD 140.99 -0.84 -0.59 30/May/2024 142.89 121.17 LU1861219704
Class A2 GBP 124.03 -0.72 -0.58 30/May/2024 125.68 107.76 LU1990957067
Class A2 Hedged EUR 120.42 -0.73 -0.60 30/May/2024 122.07 106.05 LU1861218565
Class I2 Hedged USD 138.94 -0.82 -0.59 30/May/2024 140.81 119.35 LU1861219886
Class D2 Hedged CHF 117.81 -0.74 -0.62 30/May/2024 119.47 104.98 LU1861219373
Class D2 AUD Hedged AUD 93.81 -0.55 -0.58 30/May/2024 95.07 82.11 LU2402058403
Class D2 Hedged EUR 123.25 -0.74 -0.60 30/May/2024 124.93 108.00 LU1861218995
Class A2 Hedged CNH 1,094.35 -6.87 -0.62 30/May/2024 1,109.66 969.43 LU2252211383
Class A2 Hedged USD 127.26 -0.76 -0.59 30/May/2024 128.98 110.18 LU1990978147
Class I2 JPY 12,763.30 -128.01 -0.99 30/May/2024 12,979.20 9,592.85 LU2413648952
Class I2 Hedged JPY 8,929.76 -57.52 -0.64 30/May/2024 9,058.33 8,030.39 LU2413649091
Class D2 Hedged USD 136.42 -0.81 -0.59 30/May/2024 138.26 117.52 LU1861219613
Class I4 GBP 124.47 -0.72 -0.58 30/May/2024 126.11 107.30 LU2066748497
Class A2 Hedged CHF 113.01 -0.71 -0.62 30/May/2024 114.61 101.01 LU1991003358
Class Z2 Hedged CHF 121.28 -0.75 -0.61 30/May/2024 122.98 107.92 LU1861219456
Class X2 GBP 148.33 -0.86 -0.58 30/May/2024 150.28 126.55 LU1861218482

Portfolio Managers

Portfolio Managers

Dan Whitestone
Dan Whitestone
Matthew Betts
Matthew Betts

Literature

Literature