Equity

BGF Emerging Markets Equity Income 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.

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

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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
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  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) 36.46 -13.40 21.89 11.65 -1.07
Constraint Benchmark 1 (%) 37.28 -14.57 18.42 18.31 -2.54
  1Y 3Y 5Y 10y Incept.
-20.54 -2.67 -1.07 - 3.95
Constraint Benchmark 1 (%) -17.43 0.14 -0.42 - 4.61
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-21.83 12.69 1.65 -5.83 -20.54 -7.78 -5.24 - 26.23
Constraint Benchmark 1 (%) -18.95 14.83 -1.78 -8.15 -17.43 0.42 -2.07 - 31.15
  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
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of Sep 30, 2022

-2.69 5.26 -1.03 25.05 -31.75
Constraint Benchmark 1 (%)

as of Sep 30, 2022

-0.81 -2.02 10.54 18.20 -28.11
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

Net Assets of Fund as of Dec 5, 2022 USD 237,993,428
Share Class Inception Date Nov 23, 2016
Fund Inception Date Aug 12, 2011
Share Class Currency SGD
Base Currency USD
Asset Class Equity
Constraint Benchmark 1 MSCI Emerging Markets Index
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 1.86%
Annual Management Fee 1.50%
Performance Fee 0.00%
Minimum Initial Investment SGD 5000
Minimum Subsequent Investment SGD 1000
Distribution Frequency Monthly Stable
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Other Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BEMA6SH
ISIN LU1515016050
SEDOL BZ1BMM2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Nov 30, 2022 70
12m Trailing Yield as of Nov 30, 2022 4.42%
Standard Deviation (3y) as of Nov 30, 2022 21.66%
P/E Ratio as of Nov 30, 2022 11.60
P/B Ratio as of Nov 30, 2022 1.76

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 Sep 21, 2022 A
MSCI ESG % Coverage as of Sep 21, 2022 92.44
MSCI ESG Quality Score (0-10) as of Sep 21, 2022 6.75
MSCI ESG Quality Score - Peer Percentile as of Sep 21, 2022 69.28
Fund Lipper Global Classification as of Sep 21, 2022 Equity Emerging Mkts Global
Funds in Peer Group as of Sep 21, 2022 1,299
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Sep 21, 2022 251.09
MSCI Weighted Average Carbon Intensity % Coverage as of Sep 21, 2022 88.49
All data is from MSCI ESG Fund Ratings as of Sep 21, 2022, based on holdings as of Feb 28, 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 Nov 30, 2022 0.00%
MSCI - UN Global Compact Violators as of Nov 30, 2022 1.50%
MSCI - Nuclear Weapons as of Nov 30, 2022 0.00%
MSCI - Thermal Coal as of Nov 30, 2022 0.00%
MSCI - Civilian Firearms as of Nov 30, 2022 0.00%
MSCI - Oil Sands as of Nov 30, 2022 0.00%
MSCI - Tobacco as of Nov 30, 2022 0.00%

Business Involvement Coverage as of Nov 30, 2022 98.90%
Percentage of Fund not covered as of Nov 30, 2022 0.99%
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 0.00% 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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Oct 31, 2022
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 5.87
SAMSUNG ELECTRONICS CO LTD 5.63
B3 SA BRASIL BOLSA BALCAO 2.84
ALIBABA GROUP HOLDING LTD 2.54
GRUPO FINANCIERO BANORTE SAB DE CV 2.50
Name Weight (%)
GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV 2.28
HDFC BANK LTD 2.26
AXIS BANK LTD 2.17
WAL MART DE MEXICO SAB DE CV 2.01
BANK OF CHINA LTD 1.99
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2022

% of Market Value

Type Fund
as of Oct 31, 2022

% of Market Value

Type Fund
as of Oct 31, 2022

% of Market Value

Type Fund
as of Oct 31, 2022

% of Market Value

Type Fund
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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
A6 Hgd SGD Monthly Stable 10.39 0.02 0.19 Dec 5, 2022 14.34 9.14 LU1515016050 -
I2 Hgd CHF Accumulating 10.57 0.02 0.19 Dec 5, 2022 14.14 9.26 LU1074795896 -
D2 USD Accumulating 16.45 0.04 0.24 Dec 5, 2022 21.47 14.29 LU0653880228 -
A5G USD Quarterly 10.41 0.03 0.29 Dec 5, 2022 14.12 9.05 LU0651947912 -
E5G Hgd EUR Quarterly 8.05 0.02 0.25 Dec 5, 2022 11.39 7.05 LU0653880731 -
D2 EUR - 15.63 -0.04 -0.26 Dec 5, 2022 18.81 14.41 LU2087589425 -
A2 Hgd EUR - 8.92 0.02 0.22 Dec 5, 2022 12.16 7.81 LU2087589698 -
A6 Hgd EUR Monthly Stable 9.20 0.01 0.11 Dec 5, 2022 13.03 8.13 LU1529943976 -
Class AI5G Hedged EUR Quarterly 7.86 0.01 0.13 Dec 5, 2022 11.08 6.88 LU1960220314 -
Class AI2 EUR - 10.48 -0.02 -0.19 Dec 5, 2022 12.68 9.67 LU1960220231 -
A6 Hgd GBP Monthly Stable 9.91 0.02 0.20 Dec 5, 2022 13.82 8.72 LU1529944198 -
A8 Hgd NZD Monthly Stable with IRD 10.56 0.02 0.19 Dec 5, 2022 14.62 9.29 LU1529944438 -
A6 Hgd CAD Monthly Stable 10.41 0.02 0.19 Dec 5, 2022 14.35 9.14 LU1529944354 -
A6 Hgd HKD Monthly Stable 83.92 0.18 0.21 Dec 5, 2022 115.35 73.71 LU1051769294 -
X6 USD Monthly Stable 10.98 0.02 0.18 Dec 5, 2022 14.72 9.60 LU1190486057 -
E2 Hgd EUR Accumulating 11.66 0.02 0.17 Dec 5, 2022 15.96 10.22 LU0653880657 -
A8 Hgd CNH Monthly Stable with IRD 110.40 0.23 0.21 Dec 5, 2022 153.11 97.37 LU1516381719 -
D5G GBP Quarterly 9.29 0.03 0.32 Dec 5, 2022 11.33 8.60 LU2066749115 -
A8 Hgd AUD Monthly Stable with IRD 10.41 0.02 0.19 Dec 5, 2022 14.41 9.15 LU1515016217 -
A6 USD Monthly Stable 11.23 0.02 0.18 Dec 5, 2022 15.29 9.85 LU1051768304 -
X2 USD Accumulating 16.00 0.04 0.25 Dec 5, 2022 20.70 13.88 LU0841147159 -
I2 EUR - 10.47 -0.02 -0.19 Dec 5, 2022 12.57 9.65 LU2026300900 -
A2 USD Accumulating 15.14 0.03 0.20 Dec 5, 2022 19.88 13.17 LU0651946864 -
D2 Hgd EUR - 9.12 0.02 0.22 Dec 5, 2022 12.35 7.97 LU2087589771 -
A2 EUR - 14.39 -0.03 -0.21 Dec 5, 2022 17.42 13.28 LU2050411763 -

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Emily Fletcher
Emily Fletcher

Literature

Literature