Equity

BSF BlackRock Systematic Global Equity Absolute Return Fund

  • NAV as of 31/Oct/2024 EUR 113.07
    52 WK: 94.30 - 114.29
  • 1 Day NAV Change as of 31/Oct/2024 0.89 (0.79%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to achieve a positive absolute return through a combination of capital growth and income on your investment regardless of market conditions.

The Fund seeks to gain at least 70% of any investment exposure to equity securities (e.g. shares) of companies domiciled in, or the main business of which is in, developed countries worldwide. This is achieved by investing at least 70% of its assets in equity securities, other equity-related securities and, when determined appropriate fixed income (FI) securities (such as bonds), money market instruments (MMIs) (i.e. debt securities with short-term maturities), deposits and cash.

The equity-related securities include financial derivative instruments (FDIs) (i.e. contracts the value of which is based on one or more underlying assets). FDIs may be used to help achieve the Fund’s investment objective and the Fund may, via FDIs, generate market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). At any one time, a substantial amount, or even all of the Fund’s assets may be held as cash to provide cover for the exposure created by the use of FDIs or to assist in achieving its investment objective.

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

Chart

View full chart

This chart shows the fund's performance as the percentage loss or gain per year over the last 8 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -6.8 8.8 -2.1 -4.0 -2.0 1.7 -1.9 7.8
Comparator Benchmark 1 (%) 0.3 0.9 1.9 2.3 0.7 0.0 1.5 5.0

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 (%) 20.12 6.65 3.27 - 1.20
Comparator Benchmark 1 (%) 5.46 3.49 2.32 - 1.69
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 14.02 0.24 0.35 5.45 20.12 21.32 17.45 - 12.28
Comparator Benchmark 1 (%) 4.03 0.43 1.37 2.71 5.46 10.85 12.15 - 17.76
  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

-2.42 -0.79 -3.14 4.27 20.12
Comparator Benchmark 1 (%)

as of 30/Sept/2024

1.10 0.07 0.62 4.47 5.46

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 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

Net Assets of Fund
as of 31/Oct/2024
USD 22,189,241
Fund Launch Date
02/Jun/2014
Fund Base Currency
USD
Comparator Benchmark 1
ICE BofAML 3-MO US Treasury Bill
Initial Charge
5.00%
Management Fee
1.80%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGLSA2E
Share Class launch date
07/Jan/2015
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
2.26%
ISIN
LU1162516717
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Equity Market Neutral EUR
Dealing Frequency
Daily, forward pricing basis
SEDOL
BV0M187

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Sept/2024
2268
3y Beta
as of 30/Sept/2024
3.561
P/B Ratio
as of 30/Sept/2024
0.04
Standard Deviation (3y)
as of 30/Sept/2024
5.25%
P/E Ratio
as of 30/Sept/2024
7.33

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 may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform 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, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate 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

3 stars
Overall Morningstar Rating for BSF BlackRock Systematic Global Equity Absolute Return Fund, Class A2 Hedged, as of 30/Sept/2024 rated against 182 Equity Market Neutral EUR Funds.

Holdings

Holdings

as of 30/Sept/2024
Name Weight (%)
MICROSOFT CORPORATION 2.58
VISA INC 2.23
CHEVRON CORP 1.63
MANHATTAN ASSOCIATES INC 1.60
A2A SPA 1.46
Name Weight (%)
REINSURANCE GROUP OF AMERICA INCORPORATED 1.39
COLGATE-PALMOLIVE CO 1.28
SOFINA SA 1.26
WALMART INC 1.15
VERISIGN INC 1.12
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Sept/2024

% of Market Value

Type Fund
as of 30/Sept/2024

% of Market Value

Type Fund
as of 30/Jun/2016

% of Market Value

Type Fund Benchmark Net
as of 30/Sept/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 A2 Hedged EUR 113.07 0.89 0.79 31/Oct/2024 114.29 94.30 LU1162516717
Class D2 USD 141.33 1.13 0.81 31/Oct/2024 142.01 115.16 LU1153525040
Class D2 Hedged GBP 134.78 1.09 0.82 31/Oct/2024 135.60 110.23 LU1103452089
Class D2 Hedged EUR 124.77 0.98 0.79 31/Oct/2024 125.94 103.46 LU1069250972
Class I2 Hedged EUR 117.87 0.94 0.80 31/Oct/2024 118.85 97.46 LU1139081738
Class A2 Hedged SEK 1,147.66 9.25 0.81 31/Oct/2024 1,161.87 958.23 LU1122056838
Class A2 USD 138.86 1.10 0.80 31/Oct/2024 139.74 113.89 LU1069250113

Portfolio Managers

Portfolio Managers

Kevin Franklin
Kevin Franklin
Andrew Huzzey
Andrew Huzzey

Literature

Literature