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

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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of 30-Sep-21

- - - 4.02 9.63
  1y 3y 5y 10y Incept.
9.63 - - - 6.21
  YTD 1m 3m 1y 3y 5y 10y Incept.
6.92 3.03 0.33 9.63 - - - 16.90

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 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

Size of Fund (Millions) as of 19-Oct-21 USD 84.633
12m Trailing Yield -
Number of Holdings 88
Base Currency U.S. Dollar
Fund Launch Date 12-Dec-18
Share Class launch date 27-Feb-19
Asset Class Equity
Morningstar Category -
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.10%
ISIN LU1919855756
Bloomberg Ticker BSGEAI2 LX
Initial Charge 0.00%
Performance Fee 20.00%
SEDOL BH3JM95
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10,000,000.00
Minimum Subsequent Investment EUR 10,000.00
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 includes ESG considerations in combination with other information in the research and decision phases 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’s ongoing monitoring of the portfolio involves 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 30-Sep-21
Name Weight (%)
SONY GROUP CORP 5.05
COMCAST CORPORATION 4.77
CANADIAN NATIONAL RAILWAY COMPANY 3.94
RECRUIT HOLDINGS CO LTD 3.89
INTESA SANPAOLO SPA 3.58
Name Weight (%)
MASTERCARD INC 3.39
RELIANCE INDUSTRIES LTD 3.25
KONINKLIJKE DSM NV 3.24
CELLNEX TELECOM SA 3.16
SANOFI SA 2.87
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-21

% of Market Value

Type Fund
as of 30-Sep-21

% of Market Value

Type Fund
as of 30-Sep-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 EUR - 117.76 -0.12 -0.10 119.52 106.87 - LU1919855756 - -
Class D2 USD - 123.31 0.48 0.39 129.55 114.40 - LU1908247643 - -
Class A4 Hedged EUR - 116.14 0.44 0.38 123.00 108.99 - LU1908247569 - -

Portfolio Managers

Portfolio Managers

James Bristow
CFA, Managing Director and portfolio manager

James Bristow, CFA, Managing Director and portfolio manager, is a member of the London-based Global Equity team within the Fundamental Active Equity business of BlackRock's Active Equity Group. James has been the lead manager for the International Focus strategy since April 2007.

 

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