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.

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

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This chart shows the fund's performance as the percentage loss or gain per year over the last 0 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2017 2018 2019 2020 2021
Total Return (%)
  1y 3y 5y 10y Incept.
-7.41 - - - -5.64
Constraint Benchmark 1 (%) -19.76 - - - -16.45
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-3.97 1.90 -0.66 -2.34 -7.41 - - - -6.72
Constraint Benchmark 1 (%) -16.65 1.83 -2.63 -15.28 -19.76 - - - -19.36
  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
From
30.Jun.2021
To
30.Jun.2022
Total Return (%)

as of 30-Jun-2022

- - - - -10.13

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 GBP, 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

Key Facts

Key Facts

Net Assets of Fund as of 10-Aug-2022 USD 47,245,216.88
Share Class launch date 19-May-2021
Fund Launch Date 09-Jul-2018
Share Class Currency GBP
Base Currency USD
Asset Class Fixed Income
Constraint Benchmark 1 J.P. Morgan ESG Blended Emerging Market Bond Index (Sovereign)
SFDR Classification Article 8
Initial Charge 5.00%
Ongoing Charges Figures 0.97%
Annual Management Fee 0.75%
Performance Fee 0.00%
Minimum Initial Investment GBP 100,000.00
Minimum Subsequent Investment GBP 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BEEBDUG
ISIN LU2342521510
SEDOL BNXM3Q0

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 29-Jul-2022 140
Standard Deviation (3y) as of - -
3y Beta as of - -
Yield to Maturity as of 29-Jul-2022 7.69%
Modified Duration as of 29-Jul-2022 5.11
Weighted Avg YTM as of 29-Jul-2022 7.69%
Effective Duration as of 29-Jul-2022 5.20 yrs
Weighted Avg Maturity as of 29-Jul-2022 8.72 yrs
WAL to Worst as of 29-Jul-2022 8.72 yrs

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 21-Jul-2022 BB
MSCI ESG % Coverage as of 21-Jul-2022 98.94
MSCI ESG Quality Score (0-10) as of 21-Jul-2022 3.94
MSCI ESG Quality Score - Peer Percentile as of 21-Jul-2022 70.19
Fund Lipper Global Classification as of 21-Jul-2022 Bond Emerging Markets Global HC
Funds in Peer Group as of 21-Jul-2022 416
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Jul-2022 431.65
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Jul-2022 3.94
All data is from MSCI ESG Fund Ratings as of 21-Jul-2022, based on holdings as of 31-Mar-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.

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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Portfolio Managers

Portfolio Managers

Amer Bisat
Amer Bisat
Michal Katrencik
Michal Katrencik
Michal Wozniak
Michal Wozniak

Holdings

Holdings

as of 29-Jul-2022
Name Weight (%)
TREASURY NOTE 0.125 12/31/2022 16.66
POLAND (REPUBLIC OF) 2.5 01/25/2023 3.61
TREASURY NOTE 2.5 04/30/2024 2.13
MEXICO (UNITED MEXICAN STATES) (GO 7.75 11/23/2034 2.06
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.85
Name Weight (%)
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.67
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 1.56
INDONESIA (REPUBLIC OF) 8.375 03/15/2034 1.56
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.85 06/04/2027 1.41
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.40
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jul-2022

% of Market Value

Type Fund Benchmark Net
as of 29-Jul-2022

% of Market Value

Type Fund Benchmark Net
as of 29-Jul-2022

% of Market Value

Type Fund Benchmark Net
as of 29-Jul-2022

% of Market Value

Type Fund Benchmark Net
as of 29-Jul-2022

% 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

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class D2 GBP GBP - 7.70 0.08 1.05 11-Aug-2022 8.31 7.18 LU2342521510 -
Class D2 USD None 9.43 0.12 1.29 11-Aug-2022 11.48 8.58 LU1817795518 -
Class I2 Hedged EUR - 9.06 0.10 1.12 11-Aug-2022 11.24 8.26 LU1864665192 -
Class AI2 Hedged EUR - 9.17 0.11 1.21 11-Aug-2022 11.47 8.37 LU2144842189 -
Class I2 USD - 9.94 0.12 1.22 11-Aug-2022 12.08 9.04 LU1864664898 -
Class A2 Hedged EUR None 8.30 0.10 1.22 11-Aug-2022 10.39 7.58 LU1817795781 -
Class AI2 EUR - 10.51 0.09 0.86 11-Aug-2022 11.24 9.84 LU2144842007 -
Class D2 Hedged EUR None 8.56 0.10 1.18 11-Aug-2022 10.63 7.81 LU1817795864 -
Class D2 Hedged CHF None 8.52 0.10 1.19 11-Aug-2022 10.54 7.77 LU1817795948 -
Class E5 Hedged EUR Quarterly 7.99 0.10 1.27 11-Aug-2022 10.27 7.29 LU1864664625 -
Class A2 USD None 9.14 0.11 1.22 11-Aug-2022 11.21 8.32 LU1860488060 -
Class E2 Hedged EUR - 8.57 0.11 1.30 11-Aug-2022 10.76 7.82 LU1864664542 -
Class I2 EUR - 9.60 0.09 0.95 11-Aug-2022 10.18 8.97 LU1864664971 -

Literature

Literature