Multi Asset

BSF BlackRock Systematic Style Factor Fund

  • NAV as of 06/Jan/2026 EUR 125.65
    52 WK: 110.36 - 125.65
  • 1 Day NAV Change as of 06/Jan/2026 EUR 0.66 (0.53%)
  • 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 will provide exposure to several investment styles including, (i) Value; (ii) Momentum; (iii) Carry; and (iv) Defensive.

The Fund will invest on a global basis in any or all of the following asset classes: equity securities (e.g. shares), other equity-related securities, fixed income securities (e.g. bonds), other fixed-income related securities, money market instruments (e.g. debt instruments with short-term maturities), deposits, cash and other funds.

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

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Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

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

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) EUR -0.2 -7.0 -4.2 -23.4 13.3 1.2 12.8 15.8
Comparator Benchmark 1 (%) USD 1.1 2.1 2.6 1.1 0.2 2.0 5.5 5.6

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 12.72 12.28 10.17 - 2.05
Comparator Benchmark 1 (%) USD 4.73 5.28 3.50 - 2.64
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) EUR 8.76 2.03 4.02 4.14 12.72 41.54 62.29 - 20.73
Comparator Benchmark 1 (%) USD 4.30 0.35 1.12 2.32 4.73 16.67 18.75 - 27.48
  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

3.13 8.41 11.64 6.71 14.14
Comparator Benchmark 1 (%) USD

as of 30/Sept/2025

0.21 0.98 5.03 5.82 4.85

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 06/Jan/2026
USD 281,888,415
Fund Launch Date
29/Feb/2016
Fund Base Currency
USD
Comparator Benchmark 1
3 month SOFR Compounded in Arrears + ISDA spread (USD)
Initial Charge
0.00%
Management Fee
0.45%
Performance Fee
8.00%
Minimum Subsequent Investment
10,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BSSAIPF
Share Class launch date
10/Aug/2016
Share Class Currency
EUR
Asset Class
Multi Asset
SFDR Classification
Other
Ongoing Charges Figures
0.63%
ISIN
LU1469409517
Minimum Initial Investment
10,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Multistrategy EUR
Dealing Frequency
Daily, forward pricing basis
SEDOL
BD1F7P8

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 BlackRock Systematic Style Factor Fund, Class IPF2 Hedged, as of 31/Dec/2025 rated against 373 Multistrategy EUR Funds.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class IPF2 Hedged EUR 125.65 0.66 0.53 06/Jan/2026 125.65 110.36 LU1469409517
Class Z2 Hedged EUR 124.40 0.70 0.57 06/Jan/2026 124.40 109.22 LU1363273480
Class I2 USD 130.91 0.76 0.58 06/Jan/2026 130.91 112.47 LU1640626609
Class A2 USD 136.98 0.78 0.57 06/Jan/2026 136.98 118.50 LU1352905993
Class D2 EUR 138.60 0.57 0.41 06/Jan/2026 138.60 123.35 LU1373035317
Class I2 Hedged GBP 127.40 0.72 0.57 06/Jan/2026 127.40 109.61 LU1532729727
Class I2 Hedged JPY 11,626.67 65.96 0.57 06/Jan/2026 11,626.67 10,369.22 LU1484781551
Class I2 Hedged EUR 125.09 0.71 0.57 06/Jan/2026 125.09 109.68 LU1352906538
Class I2 Hedged CHF 104.09 0.58 0.56 06/Jan/2026 104.09 93.11 LU1640627243
Class IPF2 Hedged CHF 106.62 0.55 0.52 06/Jan/2026 106.62 95.76 LU1706559660
Class D2 Hedged EUR 122.75 0.69 0.57 06/Jan/2026 122.75 107.77 LU1352906298
Class A2 Hedged SEK 107.56 0.60 0.56 06/Jan/2026 107.56 95.20 LU1609299281
Class A2 Hedged EUR 103.76 0.59 0.57 06/Jan/2026 103.76 91.59 LU1352906025
Class Z2 USD 148.06 0.86 0.58 06/Jan/2026 148.06 127.38 LU1363273308
Class A4 Hedged EUR 114.65 0.65 0.57 06/Jan/2026 114.65 102.86 LU1394254640
Class A4 USD 133.69 0.77 0.58 06/Jan/2026 133.69 117.61 LU1394251976
Class I2 BRL Hedged USD 119.63 2.09 1.78 06/Jan/2026 119.63 83.77 LU1718790519
Class X2 Hedged GBP 154.05 0.87 0.57 06/Jan/2026 154.05 131.87 LU1423753034
Class D2 USD 146.46 0.85 0.58 06/Jan/2026 146.46 126.03 LU1373035408
Class D2 Hedged CHF 102.17 0.57 0.56 06/Jan/2026 102.17 91.56 LU1640627169
Class D2 Hedged GBP 126.24 0.72 0.57 06/Jan/2026 126.24 108.82 LU1572169370

Portfolio Managers

Portfolio Managers

Philip Hodges, PhD
Philip Hodges, PhD
Managing Director, Co-head of Systematic Equities Macro and Lead Portfolio Manager for Enhanced Factors Strategies

  

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Philip Hodges, PhD, Managing Director, is a portfolio manager within BlackRock’s Systematic investment team. Dr. Hodges co-heads BlackRock’s systematic equities macro and is responsible for delivering investment performance across BlackRock's macro and style factor strategies. The group optimizes macro and factor exposures to help clients meet their investment objectives. Dr. Hodges leads two of the team's flagship factor strategies: Market Advantage and Style Advantage.

 

Dr. Hodges' service with the firm dates back to 2007, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Previously, Dr. Hodges has served as a research officer within the Client Solutions group in San Francisco and a quantitative analyst within the Liability Driven Investment team in London. Prior to joining BGI, Dr. Hodges was a post-doctoral research associate in physical chemistry at the University of Oxford and University Lyon I.

 

Dr. Hodges earned a MChem degree in chemistry and a D.Phil. in molecular spectroscopy from the University of Oxford in 2002 and 2006, respectively.

He Ren
He Ren
Director, Systematic Equities

  

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He Ren, Director, is a senior researcher within BlackRock’s Systematic investment team. In this role, he is responsible for research and innovation in BlackRock’s macro factor and factor timing strategies. Mr. Ren is also a subject matter expert on quant investing in commodities and currencies.

 

Mr. Ren earned degrees in computer science and economics from Peking University in 2013 and a Master of Financial Engineering from the University of California, Berkeley in 2015.

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