BGF Emerging Europe Fund

Equity

BGF Emerging Europe Fund

Overview

Investment Approach

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 70% of its total assets in the shares of companies domiciled in, or the main business of which is in, emerging European countries or the Mediterranean region.

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.

Please note the Fund-specific risks under the relevant section in Disclaimer.

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

Show Fewer
Loading

Performance

Performance

  • Returns

  From
31.Mar.2014
To
31.Mar.2015		 From
31.Mar.2015
To
31.Mar.2016		 From
31.Mar.2016
To
31.Mar.2017		 From
31.Mar.2017
To
31.Mar.2018		 From
31.Mar.2018
To
31.Mar.2019
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 31-Mar-2019

-16.68 -2.43 16.20 20.94 -11.45
Benchmark (%) Index: MSCI EM Europe 10/40 (net) in USD Performance Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 31-Mar-2019

-23.39 -4.27 11.72 20.55 -7.06
  2014 2015 2016 2017 2018
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment. -24.56 -10.03 21.31 22.63 -15.74
Annual w/ Sales Charge (%) Max Sales Charge: 5.00 -28.33 -14.52 15.25 16.50 -19.95
Benchmark (%) Index: MSCI EM Europe 10/40 (net) in USD Performance Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. -29.52 -14.70 25.70 20.34 -11.20
Morningstar Category Avg. (%) Emerging Europe Equity -18.27 -1.14 27.40 7.25 -11.09

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged fund benchmark performance is displayed in EUR.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Chart

Performance chart data not available for display.
View full chart
Share Class and Benchmark performance displayed in USD. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

Reinvestments

Record Date Ex-Date Payable Date
View full table
Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Size of Fund (Millions) as of 25-Apr-2019 EUR 804.52
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 29-Mar-2019 40
Base Currency EUR
Fund Launch Date 29-Dec-1995
Share Class launch date 01-Sep-1998
Asset Class Equity
Morningstar Category Emerging Europe Equity
Benchmark Index MSCI EM Europe 10/40 (net) in USD Performance Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 2.29%
ISIN LU0171273575
Bloomberg Ticker MIGSEDI
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 5535228
Bloomberg Benchmark Ticker MSEM1040US
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Accumulating

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for BGF Emerging Europe Fund, Class A2, as of 31-Mar-2019 rated against 224 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 27-Sep-2017)

Portfolio Managers

Portfolio Managers

Samuel Vecht
Samuel Vecht
Christopher Colunga
Christopher Colunga

Holdings

Holdings

as of 29-Mar-2019
Name Weight (%)
PJSC GAZPROM ADR CDI 9.52
SBERBANK RUSSIA SPONSORED ADR REPR 6.98
PJSC LUKOIL SPONSORED ADR REPRESEN 6.74
ROSNEFT OIL COMPANY GDR 5.54
PAO NOVATEK GDR 4.99
Name Weight (%)
POWSZECHNA KASA OSZCZEDNOSCI BANK 4.32
BANK PEKAO SA 3.82
ALIOR BANK SA 3.32
X5 RETAIL GROUP GDR NV 3.07
KGHM POLSKA MIEDZ SA 3.06
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
Class A2 USD None 117.31 -0.97 -0.82 123.03 103.21 - LU0171273575 - -
Class A4 GBP Annual 85.03 -0.43 -0.50 86.10 74.53 - LU0204061609 - -
Class D2 USD None 130.43 -1.09 -0.83 135.79 114.48 - LU0827876581 - -
Class D2 Hedged GBP None 89.75 -0.33 -0.37 90.67 75.40 - LU0827876748 - -
Class A4 EUR Annual 98.20 -0.38 -0.39 99.23 83.34 - LU0408221355 - -
Class A2 EUR None 105.29 -0.40 -0.38 106.39 89.35 - LU0011850392 - -
Class D2 EUR None 117.07 -0.45 -0.38 118.29 98.89 - LU0252967533 - -
Class E2 EUR None 95.14 -0.36 -0.38 96.13 80.99 - LU0090830497 - -
Class D4 GBP Annual 85.19 -0.43 -0.50 86.26 74.32 - LU0827876664 - -
Class A2 Hedged SGD None 10.02 -0.04 -0.40 10.12 8.40 - LU0572106309 - -
Class E2 USD None 106.00 -0.88 -0.82 111.72 93.41 - LU0171274896 - -

Literature

Literature