Equity

BGF Emerging Markets 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-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of Jun 30, 2022

10.15 6.07 -0.07 43.82 -36.08
  1Y 3Y 5Y 10y Incept.
-36.08 -2.79 1.43 1.60 6.31
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-27.05 -7.88 -14.75 -36.08 -8.14 7.33 17.20 239.80
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 Jul 6, 2022 USD 2,210.187
12m Trailing Yield -
Number of Holdings as of May 31, 2022 83
Base Currency U.S. Dollar
Fund Inception Date Nov 30, 1993
Share Class Inception Date Jul 1, 2002
Asset Class Equity
Morningstar Category Global Emerging Markets Equity
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 3.09%
ISIN LU0147403504
Bloomberg Ticker MEMESCC
Annual Management Fee 2.75%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 7453221
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jun 21, 2022 A
MSCI ESG % Coverage as of Jun 21, 2022 88.00
MSCI ESG Quality Score (0-10) as of Jun 21, 2022 5.83
MSCI ESG Quality Score - Peer Percentile as of Jun 21, 2022 39.89
Fund Lipper Global Classification as of Jun 21, 2022 Equity Emerging Mkts Global
Funds in Peer Group as of Jun 21, 2022 1,311
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jun 21, 2022 337.92
MSCI Weighted Average Carbon Intensity % Coverage as of Jun 21, 2022 85.89
All data is from MSCI ESG Fund Ratings as of Jun 21, 2022, based on holdings as of Jan 31, 2022. 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 with ESG coverage 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 May 31, 2022 0.00%
MSCI - UN Global Compact Violators as of May 31, 2022 1.81%
MSCI - Nuclear Weapons as of May 31, 2022 0.00%
MSCI - Thermal Coal as of May 31, 2022 0.00%
MSCI - Civilian Firearms as of May 31, 2022 0.00%
MSCI - Oil Sands as of May 31, 2022 0.00%
MSCI - Tobacco as of May 31, 2022 0.00%

Business Involvement Coverage as of May 31, 2022 97.27%
Percentage of Fund not covered as of May 31, 2022 2.73%
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 2.66% and for Oil Sands 0.00%.

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 Markets Fund, Class C2, as of Jun 30, 2022 rated against 2581 Global Emerging Markets Equity Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of May 31, 2022
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 8.60
SAMSUNG ELECTRONICS CO LTD 5.17
ALIBABA GROUP HOLDING LTD 2.91
CHINA CONSTRUCTION BANK CORP 2.56
GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV 2.39
Name Weight (%)
CHINA MENGNIU DAIRY CO LTD 2.25
BOC HONG KONG HOLDINGS LTD 2.15
KB FINANCIAL GROUP INC 2.11
TENCENT HOLDINGS LTD 2.10
HDFC BANK LTD 2.06
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 26.16 -0.22 -0.83 40.89 26.16 - LU0147403504 - -
A2 EUR Accumulating 34.17 0.01 0.03 45.41 33.34 - LU0171275786 - -
X2 EUR Accumulating 14.29 0.00 0.00 18.67 13.94 - LU0562137082 - -
D2 USD Accumulating 39.29 -0.32 -0.81 60.21 39.29 - LU0252970164 - -
C2 EUR Accumulating 25.71 0.00 0.00 34.59 25.11 - LU0337200090 - -
E2 USD Accumulating 30.93 -0.26 -0.83 47.99 30.93 - LU0090830653 - -
Class AI2 EUR - 10.73 0.00 0.00 14.26 10.47 - LU1960220405 - -
E2 EUR Accumulating 30.40 0.01 0.03 40.60 29.67 - LU0171276081 - -
D2 EUR Accumulating 38.61 0.00 0.00 50.94 37.67 - LU0252967376 - -
I5 USD Quarterly 10.32 -0.09 -0.86 15.98 10.32 - LU1866970491 - -
X2 USD Accumulating 14.54 -0.12 -0.82 22.07 14.54 - LU0462857433 - -
A2 USD Accumulating 34.77 -0.28 -0.80 53.68 34.77 - LU0047713382 - -
A2 CZK Accumulating 846.55 0.88 0.10 1,165.77 824.70 - LU1791183517 - -
I2 EUR Accumulating 13.45 0.00 0.00 17.70 13.12 - LU1559747883 - -

Portfolio Managers

Portfolio Managers

Gordon Fraser, CFA
Co-Head of Global Emerging Markets Equities, Fundamental Active Equity, BlackRock

Gordon Fraser, CFA, Managing Director, is Co-Head of Global Emerging Markets Equities for the Fundamental Active Equity division of BlackRock's Active Equity Group.

Kevin Jia
Portfolio manager, Global Emerging Market Equities team

Kevin Jia, Vice President, is a portfolio manager and research analyst on the Global Emerging Markets Equities Team within the Fundamental Active Equity division of BlackRock's Active Equity Group

Literature

Literature