Fixed Income

BGF ESG Emerging Markets Blended Bond 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. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.
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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-2016
To
30-Jun-2017
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
Total Return (%)

as of Jun 30, 2021

- - - 1.98 2.87
Benchmark (%)

as of Jun 30, 2021

- - - -0.37 6.83
  1Y 3Y 5Y 10y Incept.
2.87 - - - -
Benchmark (%)

as of Jun 30, 2021

6.83 - - - 6.36
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-6.79 -1.33 1.37 2.87 - - - -
Benchmark (%)

as of Jun 30, 2021

-2.29 -0.32 3.78 6.83 - - - 19.10
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 26, 2021 USD 71.735
12m Trailing Yield -
Number of Holdings as of Jun 30, 2021 142
Base Currency U.S. Dollar
Fund Inception Date Jul 9, 2018
Share Class Inception Date Aug 29, 2018
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - EUR Biased
Benchmark Index JP Morgan 50% GBI EM Global DivESG and 50% EMBI Global Div ESG custom index
SFDR Classification Article 8
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.81%
ISIN LU1864665192
Bloomberg Ticker BEEMI2E
Annual Management Fee -
Initial Charge -
Performance Fee -
SEDOL BFXNJ14
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

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 Jul 7, 2021 BB
MSCI ESG Quality Score (0-10) as of Jul 7, 2021 3.37
MSCI ESG Quality Score - Peer Percentile as of Jul 7, 2021 65.54
MSCI ESG % Coverage as of Jul 7, 2021 92.85
Fund Lipper Global Classification as of Jul 7, 2021 Bond Emerging Markets Global HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jul 7, 2021 514.97
Funds in Peer Group as of Jul 7, 2021 415
All data is from MSCI ESG Fund Ratings as of Jul 7, 2021, based on holdings as of Feb 28, 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.

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

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jun 30, 2021
Name Weight (%)
TREASURY NOTE 2.125 08/15/2021 12.04
GABONESE REPUBLIC RegS 6.95 06/16/2025 2.35
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 2.31
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.27 11/19/2030 2.30
UKRAINE (GOVERNMENT OF) RegS 1.258 05/31/2040 2.12
Name Weight (%)
SOUTH AFRICA (REPUBLIC OF) 8.875 02/28/2035 1.82
RUSSIAN FEDERATION 7.05 01/19/2028 1.71
SENEGAL (REPUBLIC OF) RegS 5.375 06/08/2037 1.69
SOUTH AFRICA (REPUBLIC OF) 8.75 02/28/2048 1.57
MEXICO (UNITED MEXICAN STATES) (GO 7.75 11/23/2034 1.50
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jun 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jun 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 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
I2 Hgd EUR - 11.02 0.00 0.00 12.02 10.82 - LU1864665192 - -
I2 EUR - 10.02 -0.03 -0.30 10.44 9.80 - LU1864664971 - -
Class E5 Hedged EUR Quarterly 10.08 0.00 0.00 11.20 10.05 - LU1864664625 - -
X2 USD - 11.56 0.00 0.00 12.48 11.18 - LU1817795609 - -
D2 USD Accumulating 11.24 0.00 0.00 12.20 10.96 - LU1817795518 - -
A2 USD Accumulating 10.98 0.00 0.00 11.97 10.78 - LU1860488060 - -
Class Z2 GBP - 9.89 -0.04 -0.40 11.01 9.75 - LU2038736208 - -
I2 USD - 11.83 0.00 0.00 12.83 11.52 - LU1864664898 - -
D2 Hgd EUR Accumulating 10.42 0.00 0.00 11.38 10.25 - LU1817795864 - -
E2 Hgd EUR - 10.57 0.00 0.00 11.62 10.50 - LU1864664542 - -
A2 Hgd EUR Accumulating 10.19 0.00 0.00 11.17 10.09 - LU1817795781 - -
D2 Hgd CHF Accumulating 10.33 0.00 0.00 11.30 10.19 - LU1817795948 - -

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.

Michal Katrencik
Michal Katrencik
Michal Wozniak, CFA
Vice President, Portfolio Manager for Emerging Markets Debt Portfolio Management team

Michal Wozniak, CFA, Director, is a Portfolio Manager for Emerging Markets Debt Portfolio Management team for Blackrock Global Fixed Income Group.

Literature

Literature