Equity

BGF Emerging Europe 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.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

This fund does not have any distributions data as of now.
  From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of Sep 30, 2021

27.66 -7.06 8.15 -21.29 61.92
Benchmark (%)

as of Sep 30, 2021

25.42 -1.23 9.33 -18.78 48.54
  1Y 3Y 5Y 10y Incept.
61.92 11.29 10.34 3.73 8.48
Benchmark (%)

as of Sep 30, 2021

48.54 9.67 10.32 3.18 8.99
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
23.17 1.86 4.10 61.92 37.83 63.53 44.17 378.89
Benchmark (%)

as of Sep 30, 2021

21.89 1.94 6.75 48.54 31.90 63.40 36.78 424.34
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Oct 15, 2021 EUR 858.795
12m Trailing Yield -
Number of Holdings as of Sep 30, 2021 52
Base Currency Euro
Fund Inception Date Dec 29, 1995
Share Class Inception Date Jul 1, 2002
Asset Class Equity
Morningstar Category Emerging Europe Equity
Benchmark Index MSCI EM Europe 10/40 (net) in USD Performance Index
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 3.29%
ISIN LU0338174369
Bloomberg Ticker MEMERCC
Annual Management Fee 3.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 7453209
Bloomberg Benchmark Ticker MSEM1040US
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Sep 30, 2021 26.93
3y Beta as of Sep 30, 2021 1.026
5y Volatility - Benchmark as of Sep 30, 2021 22.95
5y Beta as of Sep 30, 2021 1.006

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Oct 7, 2021 BBB
MSCI ESG Quality Score (0-10) as of Oct 7, 2021 4.37
MSCI ESG Quality Score - Peer Percentile as of Oct 7, 2021 12.00
MSCI ESG % Coverage as of Oct 7, 2021 90.10
Fund Lipper Global Classification as of Oct 7, 2021 Equity Emerging Mkts Europe
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Oct 7, 2021 908.14
Funds in Peer Group as of Oct 7, 2021 75
All data is from MSCI ESG Fund Ratings as of Oct 7, 2021, based on holdings as of Apr 30, 2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Sep 30, 2021 0.00%
MSCI - UN Global Compact Violators as of Sep 30, 2021 2.17%
MSCI - Nuclear Weapons as of Sep 30, 2021 0.00%
MSCI - Thermal Coal as of Sep 30, 2021 0.00%
MSCI - Civilian Firearms as of Sep 30, 2021 0.00%
MSCI - Oil Sands as of Sep 30, 2021 5.25%
MSCI - Tobacco as of Sep 30, 2021 0.00%

Business Involvement Coverage as of Sep 30, 2021 98.07%
Percentage of Fund not covered as of Sep 30, 2021 1.93%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 2.41% and for Oil Sands 5.25%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and decision phases of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Emerging Europe Fund, Class C2, as of Dec 31, 2017 rated against 231 Emerging Europe Equity Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Dec 7, 2015)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Sep 30, 2021
Name Weight (%)
PJSC LUKOIL SPONSORED ADR REPRESEN 8.36
SBERBANK ROSSII 7.07
PJSC GAZPROM ADR CDI 5.62
GAZPROM 4.53
OTP BANK 4.42
Name Weight (%)
YANDEX NV CLASS A 4.40
JSC KASPI KZ GLOBAL SPONSORED REG 3.34
PAO NOVATEK GDR 3.12
OZON HOLDINGS ADR PLC 3.08
TATNEFT 2.94
Holdings subject to change

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
C2 USD Accumulating 129.05 0.31 0.24 129.12 70.82 - LU0338174369 - -
X2 EUR Accumulating 18.29 0.04 0.22 18.33 9.66 - LU0147383631 - -
E2 EUR Accumulating 132.47 0.34 0.26 132.74 71.65 - LU0090830497 - -
D2 EUR Accumulating 168.14 0.44 0.26 168.46 89.86 - LU0252967533 - -
D2 Hgd GBP Accumulating 127.57 0.34 0.27 127.80 68.15 - LU0827876748 - -
A4 GBP Annual 111.54 -0.16 -0.14 112.47 65.22 - LU0204061609 - -
C2 EUR Accumulating 111.29 0.28 0.25 111.53 60.63 - LU0147383045 - -
A2 Hgd SGD Accumulating 14.32 0.04 0.28 14.35 7.65 - LU0572106309 - -
I2 EUR - 14.39 0.04 0.28 14.42 7.67 - LU0368229539 - -
A4 EUR Annual 131.91 0.34 0.26 132.17 72.02 - LU0408221355 - -
A2 USD Accumulating 172.13 0.41 0.24 172.21 93.34 - LU0171273575 - -
A2 EUR Accumulating 148.45 0.39 0.26 148.74 79.90 - LU0011850392 - -
X4 GBP Annual 111.30 -0.16 -0.14 112.21 64.92 - LU0513876275 - -
E2 USD Accumulating 153.61 0.37 0.24 153.68 83.70 - LU0171274896 - -
D4 GBP Annual 111.34 -0.16 -0.14 112.26 65.04 - LU0827876664 - -
D2 USD Accumulating 194.96 0.47 0.24 195.03 104.97 - LU0827876581 - -

Portfolio Managers

Portfolio Managers

Samuel Vecht, CFA
Head of Emerging Europe & Frontier Markets

Samuel Vecht

Christopher Colunga
Christopher Colunga

Literature

Literature