Fixed Income

BSF Emerging Markets Flexi Dynamic 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.

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

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Performance

Performance

  From
30.Jun.2015
To
30.Jun.2016
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
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 30-Jun-2020

8.53 3.82 -5.93 0.71 -1.12

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

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

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

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Reinvestments

This product does not have any distributions data as of now.

Key Facts

Key Facts

Size of Fund (Millions) as of 07-Aug-2020 USD 1,655.49
Base Currency USD
Fund Launch Date 12-Jun-2013
Share Class launch date 28-May-2014
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - EUR Biased
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU1072451542
Bloomberg Ticker BSEFA2E
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BMTRV13
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material 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 Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 09-Jul-2020 6.74
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 09-Jul-2020 Bond Emerging Markets Global HC
All data is from MSCI ESG Fund Ratings as of 09-Jul-2020, based on holdings as of 30-Nov-2019. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.

 

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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2
3
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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BSF Emerging Markets Flexi Dynamic Bond Fund, Class A2 Hedged, as of 31-Jul-2020 rated against 571 Global Emerging Markets Bond - EUR Biased Funds.

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Sergio Trigo Paz
Laurent Develay
Laurent Develay
Michal Wozniak
Michal Wozniak

Holdings

Holdings

as of 31-Jul-2020
Name Weight (%)
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 4.59
ROMANIA (REPUBLIC OF) MTN RegS 3.624 05/26/2030 2.77
ARGENTINA REPUBLIC OF GOVERNMENT MTN 0 01/26/2022 2.19
UKRAINE (GOVERNMENT OF) RegS 0 05/31/2040 1.94
EGYPT (ARAB REPUBLIC OF) MTN RegS 7.625 05/29/2032 1.84
Name Weight (%)
SERBIA (REPUBLIC OF) RegS 3.125 05/15/2027 1.64
NORTH MACEDONIA REPUBLIC OF (GOVE RegS 3.675 06/03/2026 1.62
EGYPT (ARAB REPUBLIC OF) MTN RegS 8.875 05/29/2050 1.58
MEXICO (UNITED MEXICAN STATES) 5.75 10/12/2110 1.53
ARGENTINA REPUBLIC OF 0 12/31/2033 1.50
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jul-2020

% of Market Value

Type Fund
as of 31-Jul-2020

% of Market Value

Type Fund
as of 31-Jul-2020

% of Market Value

Type Fund
Allocations subject to change.
as of 31-Jul-2020

% of Market Value

Type Fund
as of 31-Jul-2020

% of Market Value

Type Fund
as of 31-Jul-2020

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A2 Hedged EUR None 109.41 -0.48 -0.44 109.89 90.40 - LU1072451542 - -
Class I5 EUR Quarterly 90.50 0.28 0.31 98.38 82.86 - LU1722863567 - -
Class A4 Hedged GBP Annual 91.08 -0.40 -0.44 94.62 78.68 - LU1072457747 - -
Class A2 Hedged CHF None 95.04 -0.42 -0.44 95.46 78.51 - LU1567863144 - -
Class I2 USD None 128.20 -0.58 -0.45 128.78 105.31 - LU1118028742 - -
Class D5 USD Quarterly 97.22 -0.44 -0.45 102.53 83.22 - LU1308276671 - -
Class D2 Hedged EUR None 116.59 -0.51 -0.44 117.10 96.08 - LU0949128226 - -
Class D5 Hedged EUR - 90.07 -0.39 -0.43 94.12 77.30 - LU1814255391 - -
Class D2 Hedged CHF None 97.18 -0.43 -0.44 97.61 80.13 - LU1567862849 - -
Class A2 Hedged SEK None 95.09 -0.44 -0.46 95.53 79.06 - LU1715606080 - -
Class AI2 Hedged EUR - 103.72 -0.46 -0.44 104.18 85.73 - LU2008561636 - -
Class A2 USD None 122.25 -0.55 -0.45 122.80 100.79 - LU0940382277 - -
Class I2 Hedged EUR None 101.74 -0.46 -0.45 102.20 83.78 - LU1648247721 - -
Class I5 Hedged EUR - 83.70 -0.38 -0.45 89.19 71.85 - LU1781817264 - -
Class D4 GBP Annual 101.06 0.55 0.55 109.41 91.50 - LU0997362164 - -
Class D4 Hedged GBP Annual 90.47 -0.40 -0.44 94.88 78.91 - LU1093538335 - -
Class D5 EUR - 94.41 0.28 0.30 103.57 86.47 - LU1800013283 - -
Class D2 USD None 129.44 -0.58 -0.45 130.02 106.40 - LU0949128572 - -
Class E2 USD None 118.05 -0.54 -0.46 118.59 97.51 - LU0949128499 - -
Class I4 Hedged EUR Annual 91.04 -0.40 -0.44 94.60 79.12 - LU1418627409 - -
Class E2 Hedged EUR None 107.18 -0.47 -0.44 107.65 88.75 - LU0949128143 - -

Literature

Literature