Equity

BSF BlackRock Systematic US Equity Absolute Return 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 strategies utilized by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both 'long' and 'synthetic short' positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Funds. Investors in this fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general stock market trends as both positive and negative share movements affect the overall value of the fund. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund.

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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Chart
Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Values. Range: -6 to 10.
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During this period performance was achieved under circumstances that no longer apply
*Prior to 15.Dec.2021, the Fund used a different benchmark which is reflected in the benchmark data.
  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) -1,8 3,4 -1,3 0,0 -3,5 8,9 3,5 6,5 6,7
Comparator Benchmark 1 (%) 0,7 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.
6,72 5,56 4,33 - 2,43
Comparator Benchmark 1 (%)

as of 31.Dec.2024

5,64 4,35 2,84 - 2,27
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6,72 0,01 -3,60 -0,93 6,72 17,62 23,59 - 24,43
Comparator Benchmark 1 (%)

as of 31.Dec.2024

5,64 0,41 1,27 2,71 5,64 13,63 15,06 - 22,65
  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
From
31-Dec-2023
To
31-Dec-2024
Total Return (%)

as of 31.Dec.2024

-3,49 8,87 3,45 6,54 6,72
Comparator Benchmark 1 (%)

as of 31.Dec.2024

1,08 0,18 1,97 5,48 5,64

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 22.Jan.2025
USD 952 466 941
Fund Launch Date
17.Feb.2012
Fund Base Currency
USD
Comparator Benchmark 1
3 Month SOFR Compounded in Arrears plus 26.1 basis point spread
Initial Charge
0,00%
Management Fee
1,00%
Performance Fee
20,00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BSAI2EH
Share Class launch date
25.Nov.2015
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Article 8
Ongoing Charges Figures
1,14%
ISIN
LU1323999489
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Equity Market Neutral EUR
Dealing Frequency
Daily, forward pricing basis
SEDOL
BDB6NV9

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.

Sustainability-related Disclosure

Sustainability-related Disclosure

This section provides sustainability-related information about the Fund, pursuant to Article 10 SFDR.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BSF BlackRock Systematic US Equity Absolute Return Fund, Class I2 Hedged, as of 31.Dec.2024 rated against 179 Equity Market Neutral EUR Funds.

Holdings

Holdings

as of 31.Dec.2024
Name Weight (%)
BROWN & BROWN INC 2,32
PACKAGING CORP OF AMERICA 2,29
CINTAS CORPORATION 1,87
CONSOLIDATED EDISON INC 1,84
MICROSOFT CORPORATION 1,77
Name Weight (%)
DEVON ENERGY CORPORATION 1,73
KITE REALTY GROUP TRUST 1,69
COLGATE-PALMOLIVE CO 1,68
AMPHENOL CORPORATION 1,67
MOTOROLA SOLUTIONS INC 1,62
Holdings subject to change

Pricing & Exchange

Pricing & Exchange

Portfolio Managers

Portfolio Managers

Raffaele Savi
Raffaele Savi
Travis Cooke

Travis Cooke, CFA, Managing Director, is Head of North American strategies within BlackRock’s Systematic investment team. In his current role, Mr. Cooke is responsible for US and Canadian long-only and long-short strategies for retail and institutional clients.

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment EUR 10 000
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
8 510 EUR
-14,9%
7 490 EUR
-5,6%

Unfavourable

What you might get back after costs
Average return each year
9 460 EUR
-5,4%
9 490 EUR
-1,0%

Moderate

What you might get back after costs
Average return each year
10 200 EUR
2,0%
10 480 EUR
0,9%

Favourable

What you might get back after costs
Average return each year
11 730 EUR
17,3%
12 650 EUR
4,8%

The stress scenario shows what you might get back in extreme market circumstances.