Equity

BSF European Opportunities Extension 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 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

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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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  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

3.95 18.92 -10.30 32.10 11.44
Benchmark (%)

as of 31-Dec-20

3.05 12.00 -10.60 27.77 -1.45
  1y 3y 5y 10y Incept.
5.85 7.17 10.78 - 10.40
Benchmark (%)

as of 31-Jan-21

-0.74 3.27 6.67 - 3.65
  YTD 1m 3m 1y 3y 5y 10y Incept.
-3.74 -3.74 10.70 5.85 23.10 66.84 - 74.73
Benchmark (%)

as of 31-Jan-21

-0.56 -0.56 16.92 -0.74 10.13 38.14 - 22.43

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 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

Size of Fund (Millions) as of 26-Feb-21 EUR 755.882
12m Trailing Yield as of 31-Jan-21 0.50
Number of Holdings as of 29-Jan-21 123
Base Currency Euro
Fund Launch Date 31-Aug-07
Share Class launch date 10-Jun-15
Asset Class Equity
Morningstar Category Europe Flex-Cap Equity
Benchmark Index S&P Europe BMI Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.36%
ISIN LU1244156755
Bloomberg Ticker BSEOD3E
Annual Management Fee 1.00%
Initial Charge 5.00%
Performance Fee 20.00%
SEDOL BYZRX15
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of 31-Jan-21 17.45
3y Beta as of 31-Jan-21 0.941
5y Volatility - Benchmark as of 31-Jan-21 14.43
5y Beta as of 31-Jan-21 0.970

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 combination with other information in the research and decision phases 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 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
Overall Morningstar Rating for BSF European Opportunities Extension Fund, Class D3G, as of 31-Jan-21 rated against 424 Europe Flex-Cap Equity Funds.

Holdings

Holdings

as of 29-Jan-21
Name Weight (%)
DSV PANALPINA A/S 7.03
ROYAL UNIBREW A/S 6.87
NOVO NORDISK A/S 6.15
LONZA GROUP AG 5.46
RELX PLC 4.89
Name Weight (%)
LVMH MOET HENNESSY LOUIS VUITTON SE 4.82
SIKA AG 4.19
AUTO TRADER GROUP PLC 3.70
TELEPERFORMANCE 3.66
SAFRAN SA 3.11
Holdings 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 D3G EUR Monthly 171.47 -2.49 -1.43 178.66 100.07 - LU1244156755 - -
Class A4 GBP Annual 403.65 -3.18 -0.78 421.83 249.11 - LU0313923905 - -
Class D4 GBP Annual 414.86 -3.26 -0.78 433.50 255.10 - LU0827973438 - -
Class I2 EUR None 257.00 -3.74 -1.43 267.78 148.83 - LU1055043068 - -
Class D2 EUR None 484.21 -7.05 -1.44 504.54 281.03 - LU0418791066 - -
Class A2 EUR None 468.06 -6.82 -1.44 487.77 272.68 - LU0313923228 - -

Portfolio Managers

Portfolio Managers

David Tovey
David Tovey
Christopher Sykes
Christopher Sykes

Literature

Literature