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.

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Performance

Performance

Chart

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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 (%) 20.3 37.4 4.0 18.6 -10.3 32.1 11.4 44.8 -24.2 21.6
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.
12.24 0.82 10.13 12.48 16.81
Constraint Benchmark 1 (%) 14.40 6.09 7.45 7.31 10.70
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.41 1.26 -3.82 -0.91 12.24 2.48 61.98 224.06 1,043.66
Constraint Benchmark 1 (%) 9.86 1.26 -2.34 -0.65 14.40 19.41 43.25 102.53 392.28
  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

10.49 38.13 -18.78 16.46 21.92
Constraint Benchmark 1 (%)

as of 30/Sept/2024

-5.98 30.65 -13.30 19.30 20.00

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/Dec/2024
EUR 678,227,177
Fund Launch Date
31/Aug/2007
Fund Base Currency
EUR
Constraint Benchmark 1
S&P Europe BMI Index
Initial Charge
5.00%
Management Fee
1.00%
Performance Fee
20.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BKRSAD2
Share Class launch date
25/Mar/2009
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.37%
ISIN
LU0418791066
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Europe Flex-Cap Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B65YG55

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
134
3y Beta
as of 30/Nov/2024
1.054
P/B Ratio
as of 29/Nov/2024
8.97
Standard Deviation (3y)
as of 30/Nov/2024
17.03%
P/E Ratio
as of 29/Nov/2024
36.21

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.

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 D2, as of 30/Nov/2024 rated against 402 Europe Flex-Cap Equity Funds.

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
NOVO NORDISK A/S 6.86
SCHNEIDER ELECTRIC SE 3.89
MTU AERO ENGINES AG 3.84
ASML HOLDING NV 3.51
LINDE PLC 3.41
Name Weight (%)
DSV A/S 3.32
CRH PLC 3.18
RELX PLC 3.16
LONDON STOCK EXCHANGE GROUP PLC 3.05
HALMA PLC 2.88
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/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 D2 EUR 673.27 8.22 1.24 23/Dec/2024 707.75 600.70 LU0418791066
Class D4 GBP 550.21 7.49 1.38 23/Dec/2024 585.67 507.70 LU0827973438
Class I2 EUR 360.91 4.40 1.23 23/Dec/2024 378.25 321.13 LU1055043068
Class A2 EUR 639.39 7.78 1.23 23/Dec/2024 674.81 572.81 LU0313923228
Class A4 GBP 524.63 7.12 1.38 23/Dec/2024 561.81 486.79 LU0313923905
Class D3G EUR 229.50 2.80 1.24 23/Dec/2024 241.75 206.96 LU1244156755

Portfolio Managers

Portfolio Managers

Stephanie Bothwell
Stephanie Bothwell
Christopher Sykes
Christopher Sykes

Literature

Literature