Equity

BSF Global Real Asset Securities 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.

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 product's performance as the percentage loss or gain per year over the last 3 years.

  2020 2021 2022 2023 2024
Total Return (%) EUR -27.6 7.3 -6.0
Constraint Benchmark 1 (%) USD -17.1 9.4 -0.4

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

  1y 3y 5y 10y Incept.
4.69 3.36 - - -4.75
Constraint Benchmark 1 (%) USD 13.52 8.83 - - 2.69
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
10.68 -0.37 -1.29 -0.06 4.69 10.42 - - -17.44
Constraint Benchmark 1 (%) USD 19.87 2.25 1.88 6.82 13.52 28.89 - - 11.03
  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
From
30-Sept-2024
To
30-Sept-2025
Total Return (%) EUR

as of 30/Sept/2025

- - 3.42 15.92 -0.69
Constraint Benchmark 1 (%) USD

as of 30/Sept/2025

- - 5.27 25.71 6.78

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

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 04/Dec/2025
USD 1,266,584,237
Fund Launch Date
30/Nov/2017
Fund Base Currency
USD
Constraint Benchmark 1
FTSE Custom Dev Core Infrast 50/50 EPRA Nareit Dev Dividend+ NET Index
SDR classification
ESG Overseas
Ongoing Charges Figures
1.50%
ISIN
LU2412548526
Minimum Initial Investment
USD 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BN7B3T6
Share Class launch date
22/Dec/2021
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Article 8
Initial Charge
5.00%
Management Fee
1.20%
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date - 3 Business days
Bloomberg Ticker
BLRASAH

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Nov/2025
7
3y Beta
as of 30/Nov/2025
0.823
P/B Ratio
as of 28/Nov/2025
1.27
Standard Deviation (3y)
as of 30/Nov/2025
12.24%
P/E Ratio
as of 28/Nov/2025
18.97

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 28/Nov/2025
Name Weight (%)
INFRASTRUTTURE WIRELESS ITALIANE 3.23
EQUINIX REIT INC 3.02
AVALONBAY COMMUNITIES REIT INC 2.70
TERNA RETE ELETTRICA NAZIONALE 2.54
NATIONAL GRID PLC 2.49
Name Weight (%)
UNITE GROUP PLC 2.33
IRON MOUNTAIN INC 2.24
CARETRUST REIT INC 2.20
MITSUI FUDOSAN LOGISTICS PARK REIT 2.15
POWER ASSETS HOLDINGS LTD 2.12
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
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 A2 Hedged EUR 82.43 0.14 0.17 04/Dec/2025 84.89 71.75 LU2412548526
Class I3 USD 90.17 0.18 0.20 04/Dec/2025 95.39 82.41 LU2619284420
Class D3 GBP 70.90 -0.16 -0.23 04/Dec/2025 75.32 67.88 LU2508726747
Class A5 Hedged CHF 53.79 0.09 0.17 04/Dec/2025 58.01 50.45 LU2412548872
Class A3 Hedged EUR 54.63 0.10 0.18 04/Dec/2025 58.60 51.19 LU2099546561
Class A3 Hedged CAD 62.93 0.11 0.18 04/Dec/2025 67.36 58.72 LU2451793595
Class A2 Hedged CHF 76.81 0.11 0.14 04/Dec/2025 79.73 68.27 LU2412548799
Class S2 Hedged EUR 84.66 0.15 0.18 04/Dec/2025 87.12 73.22 LU2412549094
Class I3 Hedged EUR 61.55 0.11 0.18 04/Dec/2025 65.83 57.40 LU2440224645
Class S5 Hedged CHF 69.09 0.10 0.14 04/Dec/2025 74.39 64.64 LU2412549508
Class S2 Hedged CHF 79.09 0.13 0.16 04/Dec/2025 81.84 69.79 LU2412549177
Class A3 Hedged HKD 60.47 0.11 0.18 04/Dec/2025 64.83 56.38 LU2070343715
Class S5 Hedged GBP 77.83 0.15 0.19 04/Dec/2025 82.15 70.60 LU2412549680
Class A3 Hedged CNH 602.60 1.05 0.17 04/Dec/2025 648.34 564.67 LU2451793678
Class S2 Hedged GBP 89.49 0.17 0.19 04/Dec/2025 91.93 76.00 LU2412549250
Class D3 Hedged SGD 57.69 0.10 0.17 04/Dec/2025 61.89 53.82 LU2364470067
Class A3 Hedged SGD 57.79 0.10 0.17 04/Dec/2025 62.17 54.14 LU2070343632
Class S3 Hedged EUR 72.79 0.13 0.18 04/Dec/2025 77.84 67.89 LU2499270150
Class A3 USD 63.01 0.12 0.19 04/Dec/2025 66.91 57.91 LU2070343558
Class S2 USD 95.16 0.19 0.20 04/Dec/2025 97.68 80.37 LU2412548955
Class A3 Hedged AUD 61.64 0.11 0.18 04/Dec/2025 65.62 56.89 LU2451793322
Class S3 USD 80.47 0.16 0.20 04/Dec/2025 85.17 73.60 LU2499270077
Class Z2 USD 139.52 0.28 0.20 04/Dec/2025 143.15 117.61 LU1721361928
Class S3 Hedged SGD 74.14 0.13 0.18 04/Dec/2025 79.51 69.12 LU2499270234
Class A2 USD 129.80 0.25 0.19 04/Dec/2025 133.34 110.34 LU1669035997
Class X2 USD 145.66 0.28 0.19 04/Dec/2025 149.41 122.25 LU1669037183
Class D3 USD 65.86 0.12 0.18 04/Dec/2025 69.75 60.29 LU2047633727
Class D2 USD 136.16 0.26 0.19 04/Dec/2025 139.79 115.13 LU1669036458

Portfolio Managers

Portfolio Managers

James Wilkinson
James Wilkinson
Benjamin Tai
Benjamin Tai

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.

Literature

Literature