Fixed Income

BGF Emerging Markets Bond Fund

  • NAV as of 16-Apr-21 CHF 10.24
    52 WK: 8.35 - 10.43
  • 1 Day NAV Change as of 16-Apr-21 0.07 (0.69%)

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 fixed income securities. These include bonds and money market instruments.

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.

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Performance

Performance

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Share Class and Benchmark performance displayed in CHF. 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

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution
  From
31-Mar-2016
To
31-Mar-2017		 From
31-Mar-2017
To
31-Mar-2018		 From
31-Mar-2018
To
31-Mar-2019		 From
31-Mar-2019
To
31-Mar-2020		 From
31-Mar-2020
To
31-Mar-2021
Total Return (%)

as of 31-Mar-21

- - -0.81 -16.72 22.91
Benchmark (%)

as of 31-Mar-21

- - 4.21 -6.84 16.00
  1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Mar-21

22.91 0.51 - - -0.05
Benchmark (%)

as of 31-Mar-21

16.00 4.04 - - 3.70
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of 31-Mar-21

-3.95 -1.38 -3.95 22.91 1.53 - - -0.20
Benchmark (%)

as of 31-Mar-21

-4.54 -0.96 -4.54 16.00 12.63 - - 15.01

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 CHF, 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

Size of Fund (Millions) as of 16-Apr-21 USD 1,686.166
12m Trailing Yield -
Number of Holdings as of 31-Mar-21 274
Base Currency U.S. Dollar
Fund Launch Date 01-Oct-04
Inception Date 22-May-17
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index JP Morgan EMBI Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.78%
ISIN LU1618350562
Bloomberg Ticker BGEI2RF
Annual Management Fee 0.65%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BZ126V2
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment CHF 10000000
Minimum Subsequent Investment CHF 10000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of 31-Mar-21 10.99
3y Beta as of 31-Mar-21 1.239
5y Volatility - Benchmark as of - -
5y Beta as of - -

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 07-Apr-21 B
MSCI ESG Quality Score (0-10) as of 07-Apr-21 2.65
MSCI ESG Quality Score - Peer Percentile as of 07-Apr-21 17.96
MSCI ESG % Coverage as of 07-Apr-21 93.88
Fund Lipper Global Classification as of 07-Apr-21 Bond Emerging Markets Global HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Apr-21 990.76
Funds in Peer Group as of 07-Apr-21 412
All data is from MSCI ESG Fund Ratings as of 07-Apr-21, based on holdings as of 31-Oct-20. 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.

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.


Business Involvement metrics are not indicative of a fund’s investment objective, 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 the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 31-Mar-21 0.00%
MSCI - UN Global Compact Violators as of 31-Mar-21 3.97%
MSCI - Nuclear Weapons as of 31-Mar-21 0.00%
MSCI - Thermal Coal as of 31-Mar-21 0.00%
MSCI - Civilian Firearms as of 31-Mar-21 0.00%
MSCI - Oil Sands as of 31-Mar-21 0.00%
MSCI - Tobacco as of 31-Mar-21 0.00%
Business Involvement Coverage as of 31-Mar-21 15.69%
Percentage of Fund not covered as of 31-Mar-21 84.31%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.18% and for Oil Sands 1.07%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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

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

Ratings

Holdings

Holdings

as of 31-Mar-21
Name Weight (%)
UKRAINE (GOVERNMENT OF) RegS 0 05/31/2040 1.45
EGYPT (ARAB REPUBLIC OF) MTN RegS 8.875 05/29/2050 1.28
EGYPT (ARAB REPUBLIC OF) MTN RegS 7.5 02/16/2061 1.23
JORDAN (HASHEMITE KINGDOM OF) RegS 5.85 07/07/2030 1.18
QATAR (STATE OF) RegS 3.75 04/16/2030 1.13
Name Weight (%)
TURKEY (REPUBLIC OF) 5.95 01/15/2031 1.12
NIGERIA (FEDERAL REPUBLIC OF) MTN RegS 7.143 02/23/2030 1.07
RUSSIAN FEDERATION RegS 5.25 06/23/2047 1.05
PANAMA REPUBLIC OF (GOVERNMENT) 3.875 03/17/2028 1.03
BRAZIL (FEDERATIVE REPUBLIC OF) 5 01/27/2045 1.01
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Mar-21

% of Market Value

Type Fund Benchmark Net
as of 31-Mar-21

% of Market Value

Type Fund Benchmark Net
as of 31-Mar-21

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Mar-21

% of Market Value

Type Fund Benchmark Net
as of 31-Mar-21

% of Market Value

Type Fund Benchmark Net
as of 31-Mar-21

% 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
Class I2 Hedged CHF None 10.24 0.07 0.69 10.43 8.35 - LU1618350562 - -
Class D2 USD None 21.64 0.14 0.65 21.98 17.46 - LU0297941386 - -
Class I4 Hedged EUR Annual 10.20 0.07 0.69 10.38 8.58 - LU2075911060 - -
Class A2 EUR None 16.65 0.11 0.67 16.83 14.92 - LU0200683885 - -
Class E2 EUR None 15.37 0.10 0.65 15.55 13.84 - LU0200684180 - -
Class C2 USD None 16.22 0.11 0.68 16.56 13.31 - LU0200681673 - -
Class I5 Hedged EUR Quarterly 9.31 0.06 0.65 9.61 7.86 - LU1323999216 - -
Class X2 USD None 23.87 0.16 0.67 24.19 19.10 - LU0200682721 - -
CLASS AI5 EUR Quarterly 9.71 0.07 0.73 10.00 8.20 - LU1960220074 - -
Class C1 USD Daily 9.89 0.07 0.71 10.15 8.24 - LU0200681327 - -
Class I4 Hedged GBP Annual 10.25 0.07 0.69 10.40 8.57 - LU2075910922 - -
Class I2 Hedged GBP - 10.74 0.07 0.66 10.91 8.70 - LU1806518533 - -
Class A3 USD Monthly 10.23 0.07 0.69 10.49 8.54 - LU0200680782 - -
Class A8 Hedged ZAR Monthly 93.64 0.63 0.68 96.00 79.81 - LU1109561420 - -
Class A4 EUR Annual 11.86 0.08 0.68 12.10 10.97 - LU1072326561 - -
Class E2 USD None 18.41 0.13 0.71 18.75 15.00 - LU0200681830 - -
Class X2 Hedged EUR None 20.34 0.14 0.69 20.66 16.48 - LU0343170543 - -
Class A8 Hedged CNH Monthly 105.32 0.72 0.69 108.07 89.14 - LU1919856051 - -
Class A1 EUR Daily 8.26 0.06 0.73 8.40 7.60 - LU0200683703 - -
Class A1 USD Daily 9.89 0.07 0.71 10.15 8.24 - LU0200680436 - -
Class A3 EUR Monthly 8.54 0.05 0.59 8.68 7.87 - LU0200684008 - -
Class I4 USD Annual 10.29 0.07 0.68 10.45 8.62 - LU1806518293 - -
Class A2 Hedged EUR None 17.15 0.11 0.65 17.49 14.08 - LU0413376566 - -
Class X5 Hedged CHF Quarterly 10.12 0.07 0.70 10.46 8.56 - LU1904800973 - -
Class D2 EUR None 18.07 0.12 0.67 18.24 16.10 - LU0827877043 - -
Class D3 USD Monthly 10.25 0.07 0.69 10.51 8.56 - LU0827876821 - -
Class E2 Hedged EUR None 11.12 0.07 0.63 11.36 9.18 - LU1062842882 - -
Class D3 EUR Monthly 8.56 0.06 0.71 8.70 7.89 - LU0827877126 - -
Class D2 Hedged EUR None 18.04 0.13 0.73 18.36 14.73 - LU0827877399 - -
Class E5 Hedged EUR Quarterly 9.07 0.06 0.67 9.34 7.66 - LU1062842965 - -
Class A6 USD Monthly 8.66 0.06 0.70 8.91 7.40 - LU0764617162 - -
Class A6 Hedged HKD Monthly 64.46 0.43 0.67 66.35 55.07 - LU0764619960 - -
Class X2 EUR None 19.92 0.12 0.61 20.08 17.61 - LU0988581723 - -
Class A8 Hedged AUD Monthly 8.34 0.06 0.72 8.57 7.11 - LU0871639893 - -
Class X5 Hedged EUR Quarterly 8.97 0.06 0.67 9.26 7.57 - LU1722865000 - -
Class AI2 EUR - 10.40 0.07 0.68 10.61 8.54 - LU1960219902 - -
Class A6 Hedged GBP Monthly 8.75 0.06 0.69 9.00 7.53 - LU1408527916 - -
Class A2 CZK None 431.65 3.66 0.86 447.49 405.02 - LU1791181735 - -
Class A2 USD None 19.94 0.13 0.66 20.29 16.18 - LU0200680600 - -
Class I2 EUR None 16.32 0.10 0.62 16.47 14.52 - LU1048586868 - -
Class I2 Hedged EUR None 12.26 0.09 0.74 12.47 10.00 - LU1057294727 - -
Class A6 Hedged CAD Monthly 9.15 0.07 0.77 9.42 7.86 - LU1408528054 - -
Class I2 USD None 19.55 0.13 0.67 19.85 15.75 - LU1180455567 - -
Class A8 Hedged NZD Monthly 9.25 0.07 0.76 9.50 7.88 - LU1408528138 - -
Class A2 Hedged GBP None 12.24 0.09 0.74 12.45 9.98 - LU1057296771 - -

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Sergio Trigo Paz
Michel Aubenas
Michel Aubenas

Literature

Literature