Multi Asset

BSF Dynamic Diversified Growth Fund

  • NAV as of 04/Dec/2025 EUR 142.75
    52 WK: 124.20 - 144.04
  • 1 Day NAV Change as of 04/Dec/2025 EUR 0.20 (0.14%)
  • Morningstar Rating

Overview

Investment Approach


The Fund seeks to deliver long term capital growth with a low tolerance for capital loss and to invest in a manner consistent with the principles of environmental, social and governance (ESG) investing.

The Fund invests globally in the full spectrum of permitted investments including equities, fixed income transferable securities, units of undertakings for collective investment (UCIs), derivatives, cash, deposits and money market instruments (MMIs). The Fund has a flexible approach to asset allocation (which includes taking indirect exposure to commodities through investments in UCIs, medium term notes, exchange traded funds and derivatives on commodity indices).

The Fund’s total assets will be invested in accordance with its ESG policy. For further details, please refer to the prospectus and the Blackrock website at www.blackrock.com/baselinescreens.

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.

The value of your investment and the income from it will vary and your initial investment amount is not guaranteed.


Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The Fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due.

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

The Fund uses derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk.

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 product's performance as the percentage loss or gain per year over the last 10 years.

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) EUR -1.3 -3.5 6.5 -4.7 8.6 7.2 3.4 -11.6 4.8 4.8
Comparator Benchmark 1 (%) EUR -0.1 -0.3 -0.3 -0.4 -0.4 -0.4 -0.5 0.0 3.3 3.8
Comparator Benchmark 2 (%)

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

  1y 3y 5y 10y Incept.
Total Return (%) EUR 8.58 5.95 2.30 2.18 2.42
Comparator Benchmark 1 (%) EUR 2.33 3.09 1.71 0.67 0.53
Comparator Benchmark 2 (%) - - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) EUR 9.71 -0.50 3.34 7.22 8.58 18.93 12.02 24.02 42.64
Comparator Benchmark 1 (%) EUR 2.07 0.16 0.49 0.99 2.33 9.57 8.86 6.90 8.14
Comparator Benchmark 2 (%) - - - - - - - - -
  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

6.89 -12.03 0.19 13.09 7.23
Comparator Benchmark 1 (%) EUR

as of 30/Sept/2025

-0.46 -0.44 2.60 3.96 2.56

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
EUR 345,389,699
Fund Launch Date
28/Jan/2011
Fund Base Currency
EUR
Comparator Benchmark 1
Overnight ESTR
SFDR Classification
Article 8
Initial Charge
5.00%
Management Fee
1.25%
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLKEDA2
Share Class launch date
28/Jan/2011
Share Class Currency
EUR
Asset Class
Multi Asset
Comparator Benchmark 2
35% Bloomberg Global Aggregate Index (Hedged to EUR) / 32.5% MSCI ACWI with Developed Markets 100% EUR Daily Hedged Index / 32.5% ESTR Overnight Rate
SDR classification
ESG Overseas
Ongoing Charges Figures
1.73%
ISIN
LU0496817981
Minimum Initial Investment
EUR 5,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Flexible Allocation - Global
Dealing Frequency
Daily, forward pricing basis
SEDOL
B4VG3T4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Nov/2025
4
3y Beta
as of 30/Nov/2025
-0.618
P/B Ratio
as of 28/Nov/2025
1.98
Modified Duration
as of 28/Nov/2025
0.94
Weighted Avg Maturity
as of 28/Nov/2025
1.27
Standard Deviation (3y)
as of 30/Nov/2025
5.56%
P/E Ratio
as of 28/Nov/2025
18.18
Yield to Maturity
as of 28/Nov/2025
2.10
Effective Duration
as of 28/Nov/2025
0.77

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 Dynamic Diversified Growth Fund, Class A2, as of 30/Nov/2025 rated against 2946 EUR Flexible Allocation - Global Funds.

Holdings

Holdings

as of 28/Nov/2025
Name Weight (%)
ISHARES EURO HY CORP BND ESG UCITS 10.54
ISH MSCI EM SRI ETF USD ACC 9.44
ISHARES MSCI WORLD ESG ENHAN USD D 9.12
ISHARES PHYSICAL GOLD ETC 5.95
ISHRS GREEN BD IDX (IE) D EUR HDG 4.35
Name Weight (%)
ISHS EUR ULTRASHORT BOND ESG EUR D 4.32
TRSWAP: JCUBU7Y8 INDEX 4.08
BRAZIL FEDERATIVE REPUBLIC OF (GOV 10 01/01/2035 3.50
TRSWAP: JPBLJDYJP INDEX 3.14
TRSWAP: BXIIRV1B INDEX 2.94
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
Sorry, geographic exposures are not available at this time.
Sorry, geographic exposures are not available at this time.
as of 28/Nov/2025

% of Market Value

Type Fund Benchmark Net
Due to the use of derivatives, reported asset allocation may not be fully reflective of the risk profile of the fund’s market exposure. Allocations subject to change.
Sorry, maturities are not available at this time.
Sorry, ratings are not available at this time.
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 EUR 142.75 0.20 0.14 04/Dec/2025 144.04 124.20 LU0496817981
Class I2 Hedged JPY 12,028.09 15.05 0.13 04/Dec/2025 12,144.32 10,497.42 LU1992118031
Class D2 EUR 157.07 0.22 0.14 04/Dec/2025 158.38 136.04 LU0586680109
Class I2 CAD Hedged CAD 158.87 0.23 0.14 04/Dec/2025 160.10 136.85 LU1355424828
Class I2 Hedged SEK 161.78 0.23 0.14 04/Dec/2025 163.10 139.94 LU0871610134
Class A2 Hedged SEK 144.37 0.19 0.13 04/Dec/2025 145.70 125.74 LU0724654230
Class I2 EUR 162.94 0.22 0.14 04/Dec/2025 164.27 140.90 LU0572146941
Class I2 Hedged USD 140.99 0.23 0.16 04/Dec/2025 141.80 119.82 LU2079411406

Portfolio Managers

Portfolio Managers

Adam Ryan
Adam Ryan
Managing Director and portfolio manager

Head of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group, which is responsible for developing, assembling and managing investment strategies involving multiple asset classes.

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Adam Ryan, Managing Director and portfolio manager, is Head of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group, which is responsible for developing, assembling and managing investment strategies involving multiple asset classes. Mr. Ryan is the lead portfolio manager of the charities funds; Charities Growth & Income Fund, Armed Forces Common Investment Fund and Charifaith Common Investment Fund. Adam is also the lead portfolio manager of the BlackRock Dynamic Diversified Growth (DDG) strategy.

Mr Ryan's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. His background is in fixed income portfolio management where he was Head of Fixed Income for MLIM's Private Client business before developing and managing diversified multi-asset portfolios for both private and institutional clients.

Mr. Ryan earned a BA degree with honours in engineering from Cambridge University in 1991.

Conan McKenzie
Conan McKenzie
CFA, Managing Director and portfolio manager

Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group.

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Conan McKenzie, CFA, Managing Director and portfolio manager, Member of the Diversified Strategies team within BlackRock’s Multi-Asset Strategies and Solutions (MASS) group. Within Diversified Strategies, Mr. McKenzie is involved in managing both benchmarked and outcome oriented funds. As with Mr. Ryan, Mr. McKenzie has portfolio management responsibilities across the charities funds and DDG. Conan has been a portfolio manager on the charities funds since April 2013. He also leads the team's ESG research agenda that drives the potential for ESG-related thematic investments, as well as alternative investment opportunities and third party manager research.

Mr. McKenzie holds a MA degree in History & Politics from the University of Oxford, and is a CFA Charterholder. His service with the firm dates back to 2011.

Yasmin Meissner
Yasmin Meissner
Director

Yasmin Meissner is the co-Head of Sustainable Investing for Multi-Asset Strategies and Client Portfolio Solutions along with Katharina Schwaiger.

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Yasmin Meissner is the co-Head of Sustainable Investing for Multi-Asset Strategies and Client Portfolio Solutions along with Katharina Schwaiger. In this capacity they are accountable for ESG research, integration and implementation efforts across the two groups. She has additional responsibilities in Multi-Asset Strategies as a macroeconomic researcher, covering a range of fundamental and quantitative approaches across advanced and emerging economies.

 

Prior to this, Yasmin was a portfolio manager in Client Portfolio Solutions. Before joining BlackRock, Yasmin was a telecoms analyst at Perella Weinberg Partners.


Miss. Meissner earned a BA degree in Politics, Philosophy and Economics from the University of Oxford, holds the Investment Management Certificate (IMC), and is a CFA charterholder.

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