What is true of it
B♭5 is B♭ and F — 1 and 5 counted from B♭.
The easiest of the 1 fingering below is 356x: 3 fingers, held at the 3rd fret.
None of them uses an open string, so this chord moves up the neck unchanged — the same shape 1 fret higher is the chord a semitone above.
1 string stays silent.
Where its notes are on the neck
The brass dots are B♭, the root. Everything else is a chord tone with its degree printed in it.
With a different note underneath
B♭5/F
x568
An inversion is the same chord with a different note lowest. The name changes to a slash name because the bass is what a listener hears as the foundation.