Equity

BSF Global Equity 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.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. 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 are 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

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 4 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 5.5 0.4 -5.1 5.8
Comparator Benchmark 1 (%) -0.4 -0.6 0.3 3.4

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

  1y 3y 5y 10y Incept.
9.85 1.71 3.26 - 3.37
Comparator Benchmark 1 (%) 3.67 2.34 1.20 - 0.99
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
9.86 4.06 4.84 3.13 9.85 5.21 17.39 - 21.06
Comparator Benchmark 1 (%) 3.35 0.24 0.79 1.70 3.67 7.19 6.14 - 5.82
  From
30-Sept-2019
To
30-Sept-2020
From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

4.02 9.63 -7.04 1.20 3.17
Comparator Benchmark 1 (%)

as of 30/Sept/2024

-0.41 -0.55 -0.25 2.87 3.83

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 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 12/Dec/2024
USD 31,913,050
Fund Launch Date
12/Dec/2018
Fund Base Currency
USD
Comparator Benchmark 1
3 Month EURIBOR Index
Initial Charge
0.00%
Management Fee
1.00%
Performance Fee
20.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BSGEAI2 LX
Share Class launch date
27/Feb/2019
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.10%
ISIN
LU1919855756
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Long/Short Equity - Global
Dealing Frequency
Daily, forward pricing basis
SEDOL
BH3JM95

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
108
3y Beta
as of 30/Nov/2024
4.734
P/B Ratio
as of 29/Nov/2024
-54.02
Standard Deviation (3y)
as of 30/Nov/2024
8.27%
P/E Ratio
as of 29/Nov/2024
-1,963.41

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BSF Global Equity Absolute Return Fund, Class I2, as of 31/Jan/2023 rated against 189 Long/Short Equity - Global Funds.

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
SONY GROUP CORP 3.71
MASTERCARD INC 3.05
T-MOBILE US INC 2.89
CANADIAN NATIONAL RAILWAY COMPANY 2.86
RECRUIT HOLDINGS CO LTD 2.82
Name Weight (%)
BEIERSDORF AG 2.75
TENCENT HOLDINGS LTD 2.65
NOVO NORDISK A/S 2.56
ASTRAZENECA PLC 2.56
AMAZON.COM INC 2.52
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund
as of 29/Nov/2024

% of Market Value

Type Fund
Sorry, geographic exposures are not available at this time.
as of 29/Nov/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 EUR 123.46 0.13 0.11 12/Dec/2024 123.46 108.86 LU1919855756
Class A4 Hedged EUR 100.50 0.25 0.25 12/Dec/2024 103.31 93.75 LU1908247569
Class D2 USD 115.27 0.21 0.18 11/Dec/2024 117.86 105.61 LU1908247643

Portfolio Managers

Portfolio Managers

Gareth Williams
CFA, Director and portfolio manager

Gareth Williams, CFA, Director and portfolio manager, is a member of the Global Equity team within the Fundamental Division of BlackRock's Active Equities Platform. Gareth is co-manager for the International Focus and Future Consumer strategies and also manages the Global Equity Absolute Return fund. He is joint-Director of Research for the Global Equity Team.

Literature

Literature