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1“Venture Capital Fund” means a corporation primarily engaged in investments in other corporations which are engaged, at the time of the investment, in research and development or in the production of innovative or high technology products or processes, and where the risk of such investment is typically higher than the risk involved in other investments.
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Overview
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
To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.
Performance
Performance
Chart
Performance chart data not available for display.
Distributions
| Ex-Date | Total Distribution |
|---|
-
Returns
This chart shows the product's performance as the percentage loss or gain per year over the last 8 years.
During this period performance was achieved under circumstances that no longer apply
*On , the Fund changed its name and/or investment objective and policy.
*Prior to 15-Dec-2021, the Fund used a different benchmark which is reflected in the benchmark data.
*Prior to 15-Dec-2021, the Fund used a different benchmark which is reflected in the benchmark data.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) USD | -11.2 | 6.6 | 15.1 | -11.4 | -6.3 | 15.7 | 3.0 | 12.4 | ||
| Comparator Benchmark 1 (%) USD | 2.1 | 2.6 | 1.1 | 0.2 | 1.7 | 5.2 | 5.4 | 4.4 | ||
| Comparator Benchmark 2 (%) USD | -5.2 | 14.3 | 4.0 | -5.3 | -14.8 | 11.9 | 2.0 | 16.8 |
Missing calendar year returns data
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) USD | 12.94 | 10.56 | 3.02 | - | 2.80 |
| Comparator Benchmark 1 (%) USD | 4.34 | 4.97 | 3.40 | - | 2.66 |
| Comparator Benchmark 2 (%) USD | 16.43 | 9.25 | 1.99 | - | - |
Missing average annual returns data
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) USD | 2.65 | 2.65 | 5.26 | 9.74 | 12.94 | 35.13 | 16.04 | - | 27.91 |
| Comparator Benchmark 1 (%) USD | 0.32 | 0.32 | 0.98 | 2.09 | 4.34 | 15.66 | 18.22 | - | 26.39 |
| Comparator Benchmark 2 (%) USD | 1.43 | 1.43 | 3.45 | 8.47 | 16.43 | 30.39 | 10.36 | - | - |
Missing cumulative returns data
| From 31-Dec-2020 To 31-Dec-2021 |
From 31-Dec-2021 To 31-Dec-2022 |
From 31-Dec-2022 To 31-Dec-2023 |
From 31-Dec-2023 To 31-Dec-2024 |
From 31-Dec-2024 To 31-Dec-2025 |
|
|---|---|---|---|---|---|
|
Total Return (%) USD
as of 31-Dec-2025 |
-11.43 | -6.27 | 15.69 | 3.05 | 12.43 |
|
Comparator Benchmark 1 (%) USD
as of 31-Dec-2025 |
0.16 | 1.70 | 5.21 | 5.37 | 4.39 |
|
Comparator Benchmark 2 (%) USD
as of 31-Dec-2025 |
-5.32 | -14.75 | 11.92 | 2.01 | 16.79 |
The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past
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 20-Feb-2026
USD 1,311,224,102
Fund Launch Date
12-Jun-2013
Fund Base Currency
USD
Comparator Benchmark 1
3 month SOFR Compounded in Arrears (USD)
SFDR Classification
Other
Ongoing Charges Figures
0.85%
ISIN
LU1572169453
Minimum Initial Investment
USD 5,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Global Emerging Markets Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
BYYP008
Share Class launch date
01-Mar-2017
Share Class Currency
USD
Asset Class
Fixed Income
Comparator Benchmark 2
50% EMBIGLDIV / 50% JPMGBIEGDV Composite Index (USD)
Initial Charge
0.00%
Management Fee
0.75%
Performance Fee
0.00%
Minimum Subsequent Investment
USD 10,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BREI3RF
Portfolio Characteristics
Portfolio Characteristics
Number of Holdings
as of 30-Jan-2026
337
Standard Deviation (3y)
as of 31-Jan-2026
6.18%
Yield to Maturity
as of 30-Jan-2026
7.19
Weighted Average YTM
as of 30-Jan-2026
7.03
Weighted Avg Maturity
as of 30-Jan-2026
6.99
12 Month Trailing Dividend Distribution Yield
as of 31-Jan-2026
6.62
3y Beta
as of 31-Jan-2026
1.426
Modified Duration
as of 30-Jan-2026
5.75
Effective Duration
as of 30-Jan-2026
5.70
WAL to Worst
as of 30-Jan-2026
6.99
Risk Indicator
Risk Indicator
1
2
3
4
5
6
7
Low Risk
High Risk
Typically low rewards
Typically high rewards
Ratings
Ratings
Holdings
Holdings
as of 30-Jan-2026
| Name | Weight (%) |
|---|---|
| SOUTH AFRICA (REPUBLIC OF) 8.5 01/31/2037 | 2.63 |
| COLOMBIA REPUBLIC OF (GOVERNMENT) 7.75 09/18/2030 | 2.17 |
| POLAND (REPUBLIC OF) 5 01/25/2030 | 2.09 |
| MEXICO (UNITED MEXICAN STATES) (GO 8.5 03/01/2029 | 2.01 |
| PHILIPPINES (REPUBLIC OF) 6.375 04/28/2035 | 1.87 |
| Name | Weight (%) |
|---|---|
| THAILAND KINGDOM OF (GOVERNMENT) 2.5 11/17/2029 | 1.71 |
| MALAYSIA (GOVERNMENT) 3.828 07/05/2034 | 1.69 |
| MALAYSIA (GOVERNMENT) 3.885 08/15/2029 | 1.48 |
| POLAND (REPUBLIC OF) 5 10/25/2035 | 1.22 |
| MEXICO (UNITED MEXICAN STATES) (GO 5.375 05/16/2040 | 1.21 |
Holdings subject to change
Exposure Breakdowns
Exposure Breakdowns
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 | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
|---|---|---|---|---|---|---|---|---|
| Class I3 | USD | 74.33 | 0.07 | 0.09 | 20-Feb-2026 | 74.63 | 66.75 | LU1572169453 |
| Class I2 | USD | 153.66 | 0.15 | 0.10 | 20-Feb-2026 | 154.27 | 130.52 | LU1118028742 |
| Class D4 Hedged | GBP | 80.08 | 0.08 | 0.10 | 20-Feb-2026 | 80.40 | 70.85 | LU1093538335 |
| Class D2 | USD | 153.55 | 0.15 | 0.10 | 20-Feb-2026 | 154.16 | 130.64 | LU0949128572 |
| Class D5 | USD | 87.32 | 0.08 | 0.09 | 20-Feb-2026 | 87.67 | 78.04 | LU1308276671 |
| Class I5 | EUR | 81.27 | -0.12 | -0.15 | 20-Feb-2026 | 87.57 | 75.83 | LU1722863567 |
| Class D5 | EUR | 84.95 | -0.12 | -0.14 | 20-Feb-2026 | 91.25 | 79.03 | LU1800013283 |
| Class I2 Hedged | EUR | 109.77 | 0.11 | 0.10 | 20-Feb-2026 | 110.23 | 95.19 | LU1648247721 |
| Class D5 Hedged | EUR | 72.48 | 0.07 | 0.10 | 20-Feb-2026 | 72.79 | 66.15 | LU1814255391 |
| Class A2 Hedged | EUR | 111.45 | 0.11 | 0.10 | 20-Feb-2026 | 111.93 | 97.52 | LU1072451542 |
| Class A2 | USD | 139.10 | 0.13 | 0.09 | 20-Feb-2026 | 139.66 | 119.12 | LU0940382277 |
| Class I4 Hedged | EUR | 74.46 | 0.07 | 0.09 | 20-Feb-2026 | 74.77 | 66.77 | LU1418627409 |
| Class I5 Hedged | EUR | 67.50 | 0.07 | 0.10 | 20-Feb-2026 | 67.78 | 61.54 | LU1781817264 |
| Class D2 Hedged | EUR | 123.80 | 0.12 | 0.10 | 20-Feb-2026 | 124.33 | 107.63 | LU0949128226 |
| Class A4 Hedged | GBP | 80.15 | 0.08 | 0.10 | 20-Feb-2026 | 80.47 | 71.42 | LU1072457747 |
| Class D4 | GBP | 88.62 | -0.26 | -0.29 | 20-Feb-2026 | 90.87 | 78.12 | LU0997362164 |
Portfolio Managers
Portfolio Managers
Nigel Ng Yan Luk
Laurent Develay
Michal Wozniak
Ana-Sofia Monck
ESG Integration
ESG Integration
BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.
Literature
Literature
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