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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This chart shows the fund's performance as the percentage loss or gain per year over the last 2 years.

  2019 2020 2021 2022 2023
Total Return (%) -22.4 11.2
Comparator Benchmark 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.
13.54 -1.58 - - -1.15
Comparator Benchmark 1 (%) 5.37 3.74 - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
11.90 1.54 1.93 3.15 13.54 -4.65 - - -3.46
Comparator Benchmark 1 (%) 4.90 0.40 1.26 2.60 5.37 11.65 - - -
  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

- - - 8.27 12.80
Comparator Benchmark 1 (%)

as of 30/Sept/2024

- - - 4.18 5.43

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 AUD, 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 11/Dec/2024
GBP 283,360,218
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
5.00%
Management Fee
1.00%
Performance Fee
20.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLCARDH
Share Class launch date
10/Nov/2021
Share Class Currency
AUD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.35%
ISIN
LU2402058403
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BNDKHV7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
224
3y Beta
as of 30/Nov/2024
10.280
P/B Ratio
as of 29/Nov/2024
3.95
Standard Deviation (3y)
as of 30/Nov/2024
10.07%
P/E Ratio
as of 29/Nov/2024
34.65

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

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
MICROSOFT CORPORATION 3.00
EXPERIAN PLC 2.49
AMAZON.COM INC 2.28
DSV A/S 2.28
BREEDON GROUP PLC 2.25
Name Weight (%)
LONDON STOCK EXCHANGE GROUP PLC 2.16
CRH PLC 2.15
GREAT PORTLAND ESTATES PLC 2.14
RELX PLC 2.00
META PLATFORMS INC 1.97
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
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 D2 AUD Hedged AUD 97.15 0.28 0.29 11/Dec/2024 97.52 84.28 LU2402058403
Class A2 Hedged USD 132.17 0.37 0.28 11/Dec/2024 132.64 113.86 LU1990978147
Class I2 Hedged EUR 129.69 0.36 0.28 11/Dec/2024 130.19 112.63 LU1861219290
Class D2 Hedged EUR 127.28 0.35 0.28 11/Dec/2024 127.77 110.86 LU1861218995
Class D2 GBP 136.24 0.39 0.29 11/Dec/2024 136.72 117.11 LU1861218136
Class D2 Hedged CHF 120.13 0.30 0.25 11/Dec/2024 120.78 107.03 LU1861219373
Class I2 Hedged JPY 9,065.41 22.54 0.25 11/Dec/2024 9,145.33 8,177.44 LU2413649091
Class I2 Hedged CHF 122.42 0.31 0.25 11/Dec/2024 122.95 108.75 LU1861219530
Class Z2 Hedged EUR 131.22 0.36 0.28 11/Dec/2024 131.73 114.01 LU1861219027
Class Z2 Hedged CHF 123.83 0.31 0.25 11/Dec/2024 124.37 110.06 LU1861219456
Class X2 GBP 155.39 0.45 0.29 11/Dec/2024 155.89 131.82 LU1861218482
Class Z2 Hedged USD 147.02 0.41 0.28 11/Dec/2024 147.53 125.69 LU1861219704
Class A2 GBP 128.68 0.37 0.29 11/Dec/2024 129.14 111.16 LU1990957067
Class I4 GBP 129.68 0.37 0.29 11/Dec/2024 130.13 111.15 LU2066748497
Class A2 Hedged CHF 114.92 0.28 0.24 11/Dec/2024 115.79 102.91 LU1991003358
Class Z2 GBP 140.89 0.40 0.28 11/Dec/2024 141.38 120.80 LU1861218219
Class D2 Hedged USD 142.05 0.40 0.28 11/Dec/2024 142.55 121.77 LU1861219613
Class I2 Hedged USD 144.90 0.41 0.28 11/Dec/2024 145.40 123.83 LU1861219886
Class S2 GBP 138.59 0.40 0.29 11/Dec/2024 139.07 118.77 LU1884804383
Class A2 Hedged EUR 124.03 0.34 0.27 11/Dec/2024 124.52 108.56 LU1861218565
Class I2 GBP 139.01 0.40 0.29 11/Dec/2024 139.49 119.15 LU1861218300

Portfolio Managers

Portfolio Managers

Dan Whitestone
Dan Whitestone
Matthew Betts
Matthew Betts

Literature

Literature