Fixed Income

BGF Emerging Markets Bond Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of Dec 31, 2020

- 5.94 -8.88 10.05 3.78
Benchmark (%)

as of Dec 31, 2020

- 10.26 -4.26 15.04 5.26
  1Y 3Y 5Y 10y Incept.
1.15 1.09 - - 2.40
Benchmark (%)

as of Feb 28, 2021

0.91 4.48 - - 5.07
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-2.60 -1.67 -0.21 1.15 3.32 - - 12.09
Benchmark (%)

as of Feb 28, 2021

-3.61 -2.55 -1.78 0.91 14.06 - - 26.82
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 Mar 5, 2021 USD 1,684.343
12m Trailing Yield as of Feb 28, 2021 5.35
Number of Holdings as of Feb 26, 2021 283
Base Currency U.S. Dollar
Fund Inception Date Oct 1, 2004
Share Class Inception Date May 11, 2016
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index JP Morgan EMBI Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.47%
ISIN LU1408527916
Bloomberg Ticker BGEMA6G
Annual Management Fee 1.25%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BZBVQ86
Bloomberg Benchmark Ticker JPGCCOMP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 5000
Minimum Subsequent Investment -
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Feb 28, 2021 10.96
3y Beta as of Feb 28, 2021 1.270
5y Volatility - Benchmark as of - -
5y Beta as of - -

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 Feb 5, 2021 B
MSCI ESG Quality Score (0-10) as of Feb 5, 2021 2.51
MSCI ESG Quality Score - Peer Percentile as of Feb 5, 2021 9.73
MSCI ESG % Coverage as of Feb 5, 2021 94.36
Fund Lipper Global Classification as of Feb 5, 2021 Bond Emerging Markets Global HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 5, 2021 871.59
Funds in Peer Group as of Feb 5, 2021 401
All data is from MSCI ESG Fund Ratings as of Feb 5, 2021, based on holdings as of Aug 31, 2020. 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 Feb 26, 2021 0.00%
MSCI - UN Global Compact Violators as of Feb 26, 2021 0.33%
MSCI - Nuclear Weapons as of Feb 26, 2021 0.00%
MSCI - Thermal Coal as of Feb 26, 2021 0.00%
MSCI - Civilian Firearms as of Feb 26, 2021 0.00%
MSCI - Oil Sands as of Feb 26, 2021 0.00%
MSCI - Tobacco as of Feb 26, 2021 0.00%

Business Involvement Coverage as of Feb 26, 2021 15.75%
Percentage of Fund not covered as of Feb 26, 2021 84.25%
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 0.16% 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 due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. 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

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Feb 26, 2021
Name Weight (%)
UKRAINE (GOVERNMENT OF) RegS 0 05/31/2040 1.49
EGYPT (ARAB REPUBLIC OF) MTN RegS 8.875 05/29/2050 1.27
EGYPT (ARAB REPUBLIC OF) MTN RegS 7.5 02/16/2061 1.22
QATAR (STATE OF) RegS 4.817 03/14/2049 1.19
TURKEY (REPUBLIC OF) 5.95 01/15/2031 1.18
Name Weight (%)
JORDAN (HASHEMITE KINGDOM OF) RegS 5.85 07/07/2030 1.17
NIGERIA (FEDERAL REPUBLIC OF) MTN RegS 7.143 02/23/2030 1.05
RUSSIAN FEDERATION RegS 5.25 06/23/2047 1.05
PANAMA REPUBLIC OF (GOVERNMENT) 3.875 03/17/2028 1.01
BRAZIL (FEDERATIVE REPUBLIC OF) 5 01/27/2045 0.99
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Feb 26, 2021

% of Market Value

Type Fund Benchmark Net
as of Feb 26, 2021

% of Market Value

Type Fund Benchmark Net
as of Feb 26, 2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 26, 2021

% of Market Value

Type Fund Benchmark Net
as of Feb 26, 2021

% of Market Value

Type Fund Benchmark Net
as of Feb 26, 2021

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A6 Hgd GBP Monthly 8.60 -0.08 -0.92 9.17 6.99 - LU1408527916 - -
I4 Hgd EUR Annual 10.00 -0.08 -0.79 10.38 7.91 - LU2075911060 - -
Class I5 Hedged EUR Quarterly 9.22 -0.07 -0.75 9.61 7.25 - LU1323999216 - -
C2 USD Accumulating 15.91 -0.13 -0.81 16.56 12.26 - LU0200681673 - -
E2 USD Accumulating 18.04 -0.15 -0.82 18.75 13.80 - LU0200681830 - -
A4 EUR Annual 11.68 0.02 0.17 12.69 10.13 - LU1072326561 - -
A1 EUR Daily 8.16 0.01 0.12 8.84 7.04 - LU0200683703 - -
A8 Hgd CNH Monthly 103.37 -0.87 -0.83 108.07 82.36 - LU1919856051 - -
C1 USD Daily 9.72 -0.08 -0.82 10.15 7.60 - LU0200681327 - -
A1 USD Daily 9.72 -0.09 -0.92 10.15 7.61 - LU0200680436 - -
D2 USD Accumulating 21.19 -0.17 -0.80 21.98 16.04 - LU0297941386 - -
X2 USD Accumulating 23.34 -0.19 -0.81 24.19 17.54 - LU0200682721 - -
I4 Hgd GBP Annual 10.03 -0.09 -0.89 10.40 7.91 - LU2075910922 - -
A3 EUR Monthly 8.44 0.02 0.24 9.14 7.30 - LU0200684008 - -
A3 USD Monthly 10.05 -0.09 -0.89 10.49 7.88 - LU0200680782 - -
I2 Hgd GBP - 10.52 -0.08 -0.75 10.91 8.02 - LU1806518533 - -
CLASS AI5 EUR Quarterly 9.60 -0.08 -0.83 10.00 7.56 - LU1960220074 - -
E2 EUR Accumulating 15.14 0.03 0.20 16.02 12.78 - LU0200684180 - -
A8 Hgd ZAR Monthly 91.94 -0.78 -0.84 96.74 73.95 - LU1109561420 - -
A2 EUR Accumulating 16.40 0.04 0.24 17.26 13.77 - LU0200683885 - -
X2 Hgd EUR Accumulating 19.92 -0.17 -0.85 20.66 15.18 - LU0343170543 - -
Class I4 USD Annual 10.07 -0.08 -0.79 10.45 7.92 - LU1806518293 - -
A6 Hgd HKD Monthly 63.38 -0.53 -0.83 66.35 50.92 - LU0764619960 - -
D2 EUR Accumulating 17.78 0.03 0.17 18.60 14.85 - LU0827877043 - -
E2 Hgd EUR Accumulating 10.91 -0.09 -0.82 11.36 8.47 - LU1062842882 - -
I2 Hgd CHF Accumulating 10.04 -0.09 -0.89 10.43 7.70 - LU1618350562 - -
D3 USD Monthly 10.07 -0.09 -0.89 10.51 7.90 - LU0827876821 - -
Class X5 Hedged CHF Quarterly 10.03 -0.08 -0.79 10.46 7.89 - LU1904800973 - -
Class X5 Hedged EUR Quarterly 8.88 -0.08 -0.89 9.26 6.98 - LU1722865000 - -
D3 EUR Monthly 8.46 0.02 0.24 9.16 7.31 - LU0827877126 - -
I2 EUR Accumulating 16.06 0.03 0.19 16.78 13.40 - LU1048586868 - -
Class AI2 EUR - 10.20 -0.09 -0.87 10.61 7.88 - LU1960219902 - -
A2 USD Accumulating 19.53 -0.17 -0.86 20.29 14.88 - LU0200680600 - -
X2 EUR Accumulating 19.59 0.04 0.20 20.33 16.24 - LU0988581723 - -
D2 Hgd EUR Accumulating 17.68 -0.15 -0.84 18.36 13.58 - LU0827877399 - -
A2 CZK Accumulating 432.42 2.94 0.68 447.49 382.21 - LU1791181735 - -
A6 USD Monthly 8.51 -0.07 -0.82 8.91 6.84 - LU0764617162 - -
A2 Hgd EUR Accumulating 16.82 -0.15 -0.88 17.49 12.99 - LU0413376566 - -
A8 Hgd AUD Monthly 8.20 -0.07 -0.85 8.66 6.59 - LU0871639893 - -
I2 Hgd EUR Accumulating 12.01 -0.10 -0.83 12.47 9.22 - LU1057294727 - -
I2 USD Accumulating 19.13 -0.16 -0.83 19.85 14.47 - LU1180455567 - -
A2 Hgd GBP Accumulating 11.99 -0.10 -0.83 12.45 9.22 - LU1057296771 - -
A6 Hgd CAD Monthly 9.00 -0.07 -0.77 9.53 7.28 - LU1408528054 - -
Class E5 Hedged EUR Quarterly 8.96 -0.08 -0.88 9.34 7.07 - LU1062842965 - -
A8 Hgd NZD Monthly 9.09 -0.07 -0.76 9.58 7.29 - LU1408528138 - -

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Managing Director, Head of BlackRock's Emerging Markets Fixed Income

Sergio Trigo Paz, Managing Director, is Head of BlackRock's Emerging Markets Fixed Income.

Michel Aubenas, CFA
Managing Director, Portfolio Manager for Emerging Markets Debt

Michel Aubenas, CFA

Literature

Literature