Equity

BGF Emerging Markets Equity Income Fund

Overview

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Performance

Performance

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Distributions

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
6.63 -5.93 1.76 - 6.16
9.60 -5.06 1.95 3.45 4.32
1.29 -7.53 0.73 - 5.43
4.12 -6.67 0.91 2.92 3.90
Benchmark (%) 9.88 -5.69 1.89 - 5.12
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.84 -0.47 4.43 9.86 6.63 -16.76 9.14 - 55.81
0.00 -0.35 5.03 11.31 9.60 -14.44 10.16 40.41 71.30
-5.80 -5.44 -0.79 4.37 1.29 -20.92 3.68 - 48.02
-5.00 -5.33 -0.22 5.74 4.12 -18.71 4.65 33.39 62.73
Benchmark (%) 2.83 0.45 7.83 15.40 9.88 -16.11 9.79 - 44.83
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

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

Share Class and Benchmark performance displayed in CNH, 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

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

Key Facts

Key Facts

Net Assets of Fund
as of 24-May-2024
USD 199,167,612
Fund Inception
12-Aug-2011
Fund Base Currency
USD
Benchmark
MSCI Emerging Market (Net)
Initial Charge
5.00%
Management Fee (incl. Distribution Fee, if any)
1.50%
Minimum Initial Investment
RMB 5000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BD09W12
Share Class Inception Date
30-Nov-2016
Share Class Currency
CNH
Asset Class
Equity
SFDR Classification
Other
ISIN
LU1516381719
Performance Fee
0.00%
Minimum Subsequent Investment
RMB 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BEMA8CH
MAS ESG Fund
No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30-Apr-2024
67
3y Beta
as of 30-Apr-2024
0.880
P/B Ratio
as of 30-Apr-2024
1.73
Since Share Inception – Annualised Volatility
as of 30-Apr-2024
17.25
Standard Deviation (3y)
as of 30-Apr-2024
16.39%
P/E Ratio
as of 30-Apr-2024
12.76
5Y Annualised Volatility
as of 30-Apr-2024
18.95

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 19-May-2024
A
MSCI ESG Quality Score (0-10)
as of 19-May-2024
6.42
Fund Lipper Global Classification
as of 19-May-2024
Equity Emerging Mkts Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 19-May-2024
98.69
MSCI ESG % Coverage
as of 19-May-2024
99.62
MSCI ESG Quality Score - Peer Percentile
as of 19-May-2024
78.19
Funds in Peer Group
as of 19-May-2024
1,339
MSCI Weighted Average Carbon Intensity % Coverage
as of 19-May-2024
97.02
All data is from MSCI ESG Fund Ratings as of 19-May-2024, based on holdings as of 31-Dec-2023. 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% (or 50% for bond funds and money market funds) 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.

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 30-Apr-2024
0.00%
MSCI - Nuclear Weapons
as of 30-Apr-2024
0.00%
MSCI - Civilian Firearms
as of 30-Apr-2024
0.00%
MSCI - Tobacco
as of 30-Apr-2024
0.00%
MSCI - UN Global Compact Violators
as of 30-Apr-2024
2.38%
MSCI - Thermal Coal
as of 30-Apr-2024
1.79%
MSCI - Oil Sands
as of 30-Apr-2024
0.00%

Business Involvement Coverage
as of 30-Apr-2024
98.41%
Percentage of Fund not covered
as of 30-Apr-2024
1.78%
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 1.79% and for Oil Sands 0.00%.

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 financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Holdings

Holdings

as of 30-Apr-2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9.32
SAMSUNG ELECTRONICS CO LTD 6.58
SK HYNIX INC 3.04
BANK OF CHINA LTD 2.90
CHINA PETROLEUM & CHEMICAL CORP 2.71
Name Weight (%)
PROSUS NV 2.36
GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV 2.24
HDFC BANK LTD 2.14
KASPIKZ AO 2.14
GOLD FIELDS LTD 2.14

Exposure Breakdowns

Exposure Breakdowns

as of 30-Apr-2024

% of Weight

Type Fund Benchmark Net
as of 30-Apr-2024

% of Weight

Type Fund Benchmark Net
as of 30-Apr-2024

% of Weight

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 30-Apr-2024

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A8 Hedged CNH 117.99 -1.14 -0.96 24-May-2024 119.71 103.95 LU1516381719
A2 USD 17.62 -0.17 -0.96 24-May-2024 17.86 15.13 LU0651946864
A5G USD 11.61 -0.11 -0.94 24-May-2024 11.77 10.10 LU0651947912
A6 Hedged EUR 9.78 -0.09 -0.91 24-May-2024 9.96 8.66 LU1529943976
A2 Hedged EUR 10.00 -0.10 -0.99 24-May-2024 10.14 8.69 LU2087589698
A8 Hedged AUD 11.38 -0.11 -0.96 24-May-2024 11.54 9.99 LU1515016217
D2 EUR 17.85 -0.18 -1.00 24-May-2024 18.08 15.73 LU2087589425
D5G GBP 10.05 -0.10 -0.99 24-May-2024 10.25 9.12 LU2066749115
A8 Hedged NZD 11.64 -0.11 -0.94 24-May-2024 11.80 10.20 LU1529944438
A6 Hedged HKD 91.06 -0.87 -0.95 24-May-2024 92.35 80.21 LU1051769294
A6 Hedged GBP 10.77 -0.10 -0.92 24-May-2024 10.91 9.45 LU1529944198
A6 Hedged CAD 11.33 -0.10 -0.87 24-May-2024 11.49 9.96 LU1529944354
A2 EUR 16.25 -0.16 -0.98 24-May-2024 16.46 14.39 LU2050411763
D2 Hedged EUR 10.34 -0.10 -0.96 24-May-2024 10.48 8.95 LU2087589771
A6 Hedged SGD 11.16 -0.10 -0.89 24-May-2024 11.35 9.88 LU1515016050
A6 USD 12.40 -0.12 -0.96 24-May-2024 12.58 10.85 LU1051768304
D2 USD 19.36 -0.18 -0.92 24-May-2024 19.62 16.54 LU0653880228

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Emily Fletcher
Emily Fletcher

Documents

Documents