BGF Emerging Markets Bond Fund

Fixed Income

BGF Emerging Markets Bond Fund

  • NAV as of 21-Feb-19 EUR 9.26
    52 WK: 8.72 - 9.40
  • 1 Day NAV Change as of 21-Feb-19 0.03 (0.33%)

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

  • Returns

  From
31-Dec-2013
To
31-Dec-2014		 From
31-Dec-2014
To
31-Dec-2015		 From
31-Dec-2015
To
31-Dec-2016		 From
31-Dec-2016
To
31-Dec-2017		 From
31-Dec-2017
To
31-Dec-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.

as of 31-Dec-18

- - - - -8.45
Benchmark (%) Index: JP Morgan Global Diversified EMBI Index in EUR<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-Dec-18

- - - - 0.57

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 EUR, hedged fund 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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Performance chart data not available for display.
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Share Class and Benchmark performance displayed in EUR. 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.

Distributions

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 21-Feb-19 USD 2,600.075
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. as of 31-Jan-19 4.84
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 31-Jan-19 316
Base Currency USD
Fund Launch Date 01-Oct-04
Inception Date 22-Nov-17
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - EUR Biased
Benchmark Index JP Morgan Global Diversified EMBI Index in EUR
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. 0.03%
ISIN LU1722865000
Bloomberg Ticker BGEX5EH
Annual Management Fee As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs. 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BF0QF41
Bloomberg Benchmark Ticker JPGCCOMP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

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-Jan-19
Name Weight (%)
UKRAINE REPUBLIC OF (GOVERNMENT) RegS 7.375 09/25/2032 1.52
PETROLEOS DE VENEZUELA SA RegS 0 05/17/2035 1.44
PETROLEOS DE VENEZUELA SA RegS 0 05/16/2024 1.22
ECUADOR (REPUBLIC OF) RegS 7.95 06/20/2024 1.22
OMAN SULTANATE OF (GOVERNMENT) RegS 6.5 03/08/2047 1.10
Name Weight (%)
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 8.875 10/23/2027 1.07
OMAN SULTANATE OF (GOVERNMENT) RegS 6.75 01/17/2048 1.03
RUSSIAN FEDERATION RegS 5.25 06/23/2047 0.99
SINOPEC GROUP OVERSEAS DEVELOPMENT RegS 3.25 04/28/2025 0.98
EGYPT (ARAB REPUBLIC OF) MTN RegS 7.903 02/21/2048 0.88
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-19

% 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 X5 Hedged EUR Quarterly 9.26 0.03 0.33 9.40 8.72 - LU1722865000 - -
Class A8 Hedged CNH - 105.55 0.33 0.31 105.79 99.67 - LU1919856051 - -
Class A3 USD Monthly 9.97 0.03 0.30 10.27 9.31 - LU0200680782 - -
Class C2 USD None 15.08 0.05 0.33 15.24 13.97 - LU0200681673 - -
Class I5 Hedged EUR Quarterly 9.61 0.03 0.31 10.22 9.04 - LU1323999216 - -
Class I2 Hedged GBP - 9.93 0.03 0.30 10.00 9.21 - LU1806518533 - -
Class X5 Hedged CHF - 10.50 0.03 0.29 10.54 9.81 - LU1904800973 - -
Class A1 EUR Daily 8.49 0.03 0.35 8.52 7.87 - LU0200683703 - -
Class E2 Hedged EUR None 10.71 0.04 0.37 11.06 9.98 - LU1062842882 - -
Class C1 USD Daily 9.62 0.03 0.31 9.92 8.98 - LU0200681327 - -
Class A4 EUR Annual 12.17 0.03 0.25 12.22 11.17 - LU1072326561 - -
Class X2 Hedged EUR None 18.80 0.06 0.32 19.09 17.45 - LU0343170543 - -
Class A3 EUR Monthly 8.79 0.03 0.34 8.82 8.15 - LU0200684008 - -
Class D2 USD None 19.35 0.07 0.36 19.37 17.85 - LU0297941386 - -
Class E2 USD None 16.84 0.05 0.30 16.91 15.58 - LU0200681830 - -
Class A2 Hedged EUR None 16.33 0.04 0.25 16.80 15.21 - LU0413376566 - -
Class A2 EUR None 15.92 0.05 0.32 15.98 14.32 - LU0200683885 - -
Class X2 USD None 20.96 0.07 0.34 20.98 19.30 - LU0200682721 - -
Class E2 EUR None 14.85 0.04 0.27 14.91 13.42 - LU0200684180 - -
Class A1 USD Daily 9.63 0.03 0.31 9.92 8.98 - LU0200680436 - -
Class I4 USD - 9.98 0.03 0.30 10.00 9.21 - LU1806518293 - -
Class A8 Hedged ZAR Monthly 94.76 0.34 0.36 101.01 88.89 - LU1109561420 - -
Class D3 USD Monthly 9.99 0.03 0.30 10.29 9.33 - LU0827876821 - -
Class D3 EUR Monthly 8.81 0.03 0.34 8.84 8.17 - LU0827877126 - -
Class D2 Hedged EUR None 16.96 0.05 0.30 17.35 15.77 - LU0827877399 - -
Class D2 EUR None 17.06 0.05 0.29 17.12 15.26 - LU0827877043 - -
Class A6 Hedged HKD Monthly 65.74 0.20 0.31 70.24 61.70 - LU0764619960 - -
Class I2 Hedged CHF None 9.64 0.03 0.31 9.87 8.97 - LU1618350562 - -
Class E5 Hedged EUR Quarterly 9.34 0.03 0.32 9.93 8.79 - LU1062842965 - -
Class A6 USD Monthly 8.78 0.03 0.34 9.27 8.22 - LU0764617162 - -
Class X2 EUR None 18.48 0.06 0.33 18.54 16.41 - LU0988581723 - -
Class X2 Hedged CHF None 10.69 0.03 0.28 10.89 9.94 - LU1403444356 - -
Class A6 Hedged GBP Monthly 9.24 0.03 0.33 9.96 8.70 - LU1408527916 - -
Class I2 EUR None 15.36 0.05 0.33 15.41 13.72 - LU1048586868 - -
Class A2 CZK None 408.03 0.44 0.11 411.78 365.67 - LU1791181735 - -
Class A8 Hedged AUD Monthly 8.62 0.03 0.35 9.16 8.09 - LU0871639893 - -
Class A6 Hedged CAD Monthly 9.49 0.03 0.32 10.12 8.90 - LU1408528054 - -
Class I2 USD None 17.42 0.06 0.35 17.44 16.06 - LU1180455567 - -
Class A8 Hedged NZD Monthly 9.53 0.03 0.32 10.18 8.96 - LU1408528138 - -
Class I2 Hedged EUR None 11.50 0.04 0.35 11.74 10.69 - LU1057294727 - -
Class A2 Hedged GBP None 11.50 0.03 0.26 11.72 10.68 - LU1057296771 - -
Class X2 Hedged GBP None 11.68 0.03 0.26 11.75 10.82 - LU1373034005 - -
Class A2 USD None 18.06 0.06 0.33 18.08 16.68 - LU0200680600 - -

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Sergio Trigo Paz
Michel Aubenas
Michel Aubenas

Literature

Literature