Equity

BGF Emerging Markets Fund

Overview

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.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability.

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

  • Returns

  From
31-Mar-2015
To
31-Mar-2016
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
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 31-Mar-20

-20.19 27.15 9.23 7.04 -10.96
Benchmark (%) Index: MSCI Emerging Markets Index<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-Mar-20

-17.09 24.89 8.65 1.41 -15.77

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 EUR, 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

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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 25-May-20 USD 1,070.345
Base Currency U.S. Dollar
Fund Launch Date 30-Nov-93
Share Class launch date 31-Jan-02
Asset Class Equity
Morningstar Category Global Emerging Markets Equity
Benchmark Index MSCI Emerging Markets Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0171275786
Bloomberg Ticker ERDY GR
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B17P9V8
Bloomberg Benchmark Ticker MSEMNEEUR
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment -
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material 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 Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 01-May-20 35.32
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 01-May-20 Equity Emerging Mkts Global
All data is from MSCI ESG Fund Ratings as of 01-May-20, based on holdings as of 31-Oct-19. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.


Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Emerging Markets Fund, Class A2, as of 30-Apr-20 rated against 2197 Global Emerging Markets Equity Funds.

Holdings

Holdings

as of 30-Apr-20
Name Weight (%)
TENCENT HOLDINGS LTD 9.22
ALIBABA GROUP HOLDING LTD 5.48
SAMSUNG ELECTRONICS CO LTD 3.64
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 2.79
ENN ENERGY HOLDINGS LTD 2.62
Name Weight (%)
HON HAI PRECISION INDUSTRY CO LTD 2.13
ANHUI CONCH CEMENT CO LTD 2.03
ICICI BANK LTD 2.02
CNOOC LTD 1.95
HANG LUNG PROPERTIES LTD 1.91
Holdings 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 A2 EUR None 31.12 0.16 0.52 38.25 26.01 - LU0171275786 - -
Class A4 USD - 8.80 0.04 0.46 10.03 7.30 - LU2125290366 - -
Class D2 Hedged EUR - 8.40 0.04 0.48 10.56 6.81 - LU2087590357 - -
Class I2 EUR None 11.99 0.06 0.50 14.70 10.01 - LU1559747883 - -
Class I5 USD - 10.04 -0.32 -3.09 12.58 8.35 - LU1866970491 - -
Class A2 CZK None 848.38 2.32 0.27 959.43 722.49 - LU1791183517 - -
Class D2 EUR None 34.62 0.19 0.55 42.46 28.90 - LU0252967376 - -
Class D2 USD None 37.71 0.19 0.51 46.98 31.21 - LU0252970164 - -
Class A2 USD None 33.90 0.17 0.50 42.35 28.09 - LU0047713382 - -
Class A2 Hedged EUR - 8.39 0.04 0.48 10.56 6.81 - LU2087590274 - -

Portfolio Managers

Portfolio Managers

Gordon Fraser
Managing Director

Gordon Fraser, CFA, Managing Director, is a portfolio manager on the Global Emerging Markets Equities Team within the Fundamental Active Equity division.

Kevin Jia
Kevin Jia

Literature

Literature