Equity

BSF European Opportunities Extension 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.

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 fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. Derivatives may be used substantially for complex investment strategies. These include the creation of short positions where the Investment Manager artificially sells an investment it does not physically own. Derivatives can also be used to generate exposure to investments greater than the net asset value of the fund / investment trust. Investment Managers refer to this practice as obtaining market leverage or gearing. As a result, a small positive or negative movement in stockmarkets will have a larger impact on the value of these derivatives than owning the physical investments. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Funds.

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.

Loading

Performance

Performance

Chart

Performance chart data not available for display.
View full chart

Reinvestments

This product does not have any distributions data as of now.

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 20.0 36.9 3.5 18.2 -10.7 31.6 11.0 44.2 -24.6 21.2
Constraint Benchmark 1 (%) 8.0 10.9 3.1 12.0 -10.6 27.8 -1.5 25.1 -11.2 16.3

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

  1y 3y 5y 10y Incept.
16.90 11.48 12.84 13.02 11.63
Constraint Benchmark 1 (%) 10.15 9.60 9.11 7.51 5.05
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.19 1.19 16.09 7.84 16.90 38.53 82.97 240.10 508.63
Constraint Benchmark 1 (%) 1.28 1.28 12.64 3.75 10.15 31.65 54.61 106.34 124.56
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of 31/Dec/2023

31.64 10.99 44.23 -24.63 21.19
Constraint Benchmark 1 (%)

as of 31/Dec/2023

27.77 -1.45 25.14 -11.18 16.29

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 EUR, hedged share class benchmark performance is displayed in EUR.

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 23/Feb/2024 EUR 711,257,795
Share Class launch date 31/Aug/2007
Fund Launch Date 31/Aug/2007
Share Class Currency EUR
Fund Base Currency EUR
Asset Class Equity
Constraint Benchmark 1 S&P Europe BMI Index
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.87%
ISIN LU0313923228
Annual Management Fee 1.50%
Performance Fee 20.00%
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Europe Flex-Cap Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BKRSPEA
SEDOL B23WFW3

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31/Jan/2024 137
Standard Deviation (3y) as of 31/Jan/2024 18.88%
3y Beta as of 31/Jan/2024 1.100
P/E Ratio as of 31/Jan/2024 27.89
P/B Ratio as of 31/Jan/2024 6.15

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase 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 conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, 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

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for BSF European Opportunities Extension Fund, Class A2, as of 31/Jan/2024 rated against 437 Europe Flex-Cap Equity Funds.

Holdings

Holdings

as of 31/Jan/2024
Name Weight (%)
NOVO NORDISK A/S 7.83
RELX PLC 3.70
LINDE PLC 3.55
SHELL PLC 3.36
HERMES INTERNATIONAL SCA 3.09
Name Weight (%)
SCHNEIDER ELECTRIC SE 2.92
ASML HOLDING NV 2.85
LVMH MOET HENNESSY LOUIS VUITTON SE 2.81
STRAUMANN HOLDING AG 2.62
ASR NEDERLAND NV 2.54
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Jan/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Jan/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Jan/2024

% 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 EUR 640.32 0.96 0.15 23/Feb/2024 640.32 515.60 LU0313923228
Class A4 GBP 541.87 -1.29 -0.24 23/Feb/2024 543.16 446.27 LU0313923905
Class I2 EUR 357.95 0.54 0.15 23/Feb/2024 357.95 287.39 LU1055043068
Class D2 EUR 670.54 1.01 0.15 23/Feb/2024 670.54 538.46 LU0418791066
Class D4 GBP 563.47 -1.33 -0.24 23/Feb/2024 564.80 463.76 LU0827973438
Class D3G EUR 231.11 0.35 0.15 23/Feb/2024 231.11 186.83 LU1244156755

Portfolio Managers

Portfolio Managers

Stephanie Bothwell
Stephanie Bothwell
Christopher Sykes
Christopher Sykes

Literature

Literature