Equity

BSF Emerging Companies 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.

Shares in smaller companies typically trade in less volume and experience greater price variations than larger companies. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Due to its investment strategy an 'Absolute Return' fund may not move in line with market trends or fully benefit from a positive market environment. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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

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Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Values. Range: -30 to 20.
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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 (%) 12.8 10.0 9.0 -22.5 9.0 8.1
Comparator Benchmark 1 (%) 0.8 0.3 0.1 1.5 4.8 5.3

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
8.07 -3.00 1.82 - 3.00
Comparator Benchmark 1 (%)

as of 31/Dec/2024

5.33 3.88 2.39 - 2.08
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
8.07 -1.33 0.51 -0.28 8.07 -8.73 9.45 - 20.15
Comparator Benchmark 1 (%)

as of 31/Dec/2024

5.33 0.41 1.25 2.58 5.33 12.09 12.52 - 13.63
  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

9.97 9.05 -22.52 9.00 8.07
Comparator Benchmark 1 (%)

as of 31/Dec/2024

0.29 0.09 1.52 4.83 5.33

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 CHF, hedged share class benchmark performance is displayed in GBP.

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 30/Jan/2025
GBP 284,888,665
Fund Launch Date
17/Oct/2018
Fund Base Currency
GBP
Comparator Benchmark 1
3 Month SONIA Compounded in Arrears + 11.9 basis points 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
BRUI2CH
Share Class launch date
17/Oct/2018
Share Class Currency
CHF
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.08%
ISIN
LU1861219530
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Long/Short Equity - Other
Dealing Frequency
Daily, forward pricing basis
SEDOL
BDRMQY5

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Dec/2024
228
3y Beta
as of 31/Dec/2024
10.041
P/B Ratio
as of 31/Dec/2024
3.84
Standard Deviation (3y)
as of 31/Dec/2024
9.48%
P/E Ratio
as of 31/Dec/2024
34.62

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of 31/Dec/2024
Name Weight (%)
MICROSOFT CORPORATION 3.16
AMAZON.COM INC 2.85
EXPERIAN PLC 2.46
LONDON STOCK EXCHANGE GROUP PLC 2.21
BREEDON GROUP PLC 2.13
Name Weight (%)
DSV A/S 2.11
GREAT PORTLAND ESTATES PLC 2.08
RELX PLC 2.00
CRH PLC 1.93
META PLATFORMS INC 1.90
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Dec/2024

% of Market Value

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as of 31/Dec/2024

% of Market Value

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

Portfolio Managers

Portfolio Managers

Dan Whitestone
Dan Whitestone
Matthew Betts
Matthew Betts