Equity

BSF Americas Diversified Equity Absolute Return Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The strategies utilised by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both 'long' and 'synthetic short' positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Funds. Investors in this fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general stock market trends as both positive and negative share movements affect the overall value of the fund. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund.

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

Chart

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Reinvestments

This product does not have any distributions data as of now.
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of 31-Dec-20

18.34 -4.16 6.35 -1.08 -6.02
Benchmark (%)

as of 31-Dec-20

20.07 -7.64 8.42 -1.36 -2.04
  1y 3y 5y 10y Incept.
-6.32 0.85 1.83 - 3.98
Benchmark (%)

as of 31-Jan-21

-3.13 3.08 2.16 - 2.80
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.03 0.03 -5.64 -6.32 2.57 9.47 - 40.46
Benchmark (%)

as of 31-Jan-21

-0.43 -0.43 -5.78 -3.13 9.52 11.28 - 27.21

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 GBP, 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 01-Mar-21 USD 680.580
12m Trailing Yield -
Number of Holdings 3828
Base Currency U.S. Dollar
Fund Launch Date 17-Feb-12
Share Class launch date 16-May-12
Asset Class Equity
Morningstar Category Alt - Market Neutral - Equity
Benchmark Index LIBOR 3 Month Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 2.09%
ISIN LU0784324112
Bloomberg Ticker BSA2RFS
Annual Management Fee 1.95%
Initial Charge 5.00%
Performance Fee 20.00%
SEDOL B7W7C90
Bloomberg Benchmark Ticker 1
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 5000
Minimum Subsequent Investment GBP 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of 31-Jan-21 8.38
3y Beta as of 31-Jan-21 1.054
5y Volatility - Benchmark as of 31-Jan-21 9.22
5y Beta as of 31-Jan-21 0.940

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 the research and decision phases of the investment process. This may include relevant, internal ESG research which along with multiple other research insights, informs active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). The Fund manager conducts 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 29-Jan-21
Name Weight (%)
ALLIANT ENERGY CORP 1.24
ONE GAS INC 1.23
IDACORP INC 1.20
EATON CORPORATION PLC 1.18
AGILENT TECHNOLOGIES INC 1.18
Name Weight (%)
HONEYWELL INTERNATIONAL INC 1.17
VISA INC 1.16
FIRST INDUSTRIAL REALTY TRUST INC 1.07
INVESTORS BANCORP INC 1.07
CMS ENERGY CORPORATION 1.02
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jan-21

% of Market Value

Type Long Short Net
Sorry, asset classes are not available at this time.
Allocations subject to change.
as of 29-Jan-21

% of Market Value

Type Long Short Net
Sorry, maturities are not available at this time.
Sorry, currency data is not available at this time.
Sorry, ratings are not available at this time.
as of 29-Jan-21

% of Market Value

Type Long Short 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A2 GBP None 144.33 0.82 0.57 178.76 141.28 - LU0784324112 - -
Class A2 EUR - 88.98 0.99 1.13 107.22 86.91 - LU1991022069 - -
Class D2 USD None 108.99 0.51 0.47 118.27 108.38 - LU1238068321 - -
Class D2 Hedged CHF None 95.41 0.44 0.46 104.37 94.96 - LU1238068594 - -
Class D2 Hedged GBP None 104.98 0.48 0.46 114.09 104.40 - LU1246651910 - -
Class A2 AUD None 164.52 1.05 0.64 226.74 159.19 - LU0840974975 - -
Class I2 Hedged EUR None 96.47 0.44 0.46 105.14 96.01 - LU1323999489 - -
Class A2 Hedged SEK None 116.06 0.52 0.45 126.79 115.52 - LU0765562458 - -
Class I2 USD None 103.61 0.49 0.48 112.16 103.00 - LU1653088168 - -
Class I2 Hedged SEK - 89.51 0.41 0.46 97.28 89.05 - LU1873114208 - -
Class I2 Hedged JPY - 9,308.13 44.22 0.48 10,112.01 9,258.20 - LU1791183780 - -
Class D2 Hedged EUR None 117.96 0.54 0.46 128.79 117.40 - LU0725892383 - -
Class A2 USD None 126.66 0.59 0.47 137.89 126.04 - LU0725887540 - -
Class A2 Hedged EUR None 113.93 0.51 0.45 124.76 113.41 - LU0725892466 - -

Portfolio Managers

Portfolio Managers

Raffaele Savi
Raffaele Savi
Travis Cooke
Travis Cooke

Literature

Literature