Equity

BGF Emerging Markets Equity Income Fund

Overview

Important Information: 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.

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. The Fund utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The strategies utilised by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. Investors in this Fund should understand that capital growth is not a priority and values may fluctuate and the level of income may vary from time to time and is not guaranteed. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.

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.

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Performance

Performance

Chart

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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 9 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -15.9 12.7 36.2 -13.1 22.3 13.4 -0.9 -22.2 13.2
Constraint Benchmark 1 (%) -14.9 11.2 37.3 -14.6 18.4 18.3 -2.5 -20.1 9.8

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
2.41 -4.27 0.73 2.34 2.51
Constraint Benchmark 1 (%) 11.86 -1.27 3.20 3.16 3.17
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-2.07 -3.66 -4.11 -1.20 2.41 -12.27 3.68 26.06 30.09
Constraint Benchmark 1 (%) 7.65 -3.59 -1.73 4.10 11.86 -3.75 17.06 36.53 39.28
  From
30-Sept-2019
To
30-Sept-2020
From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

0.52 25.40 -31.49 15.97 15.45
Constraint Benchmark 1 (%)

as of 30/Sept/2024

10.54 18.20 -28.11 11.70 26.05

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 HKD, 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

Net Assets of Fund
as of 10/Dec/2024
USD 169,293,407
Fund Launch Date
12/Aug/2011
Fund Base Currency
USD
Constraint Benchmark 1
MSCI Emerging Markets Index (Net)
Initial Charge
5.00%
Management Fee
1.50%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BEMEA6H
Share Class launch date
16/Apr/2014
Share Class Currency
HKD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.89%
ISIN
LU1051769294
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BLMP225

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
66
Standard Deviation (3y)
as of 30/Nov/2024
16.66%
P/E Ratio
as of 29/Nov/2024
12.70
12 Month Trailing Dividend Distribution Yield
as of 30/Nov/2024
3.40
3y Beta
as of 30/Nov/2024
0.890
P/B Ratio
as of 29/Nov/2024
1.85

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.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Emerging Markets Equity Income Fund, Class A6 Hedged, as of 31/Jul/2018 rated against 228 Other Equity Funds.

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9.24
PROSUS NV 3.23
SK HYNIX INC 3.19
BANK OF CHINA LTD 2.73
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD 2.72
Name Weight (%)
NETEASE INC 2.45
SAMSUNG ELECTRONICS CO LTD 2.45
RELIANCE INDUSTRIES LTD 2.29
MEDIATEK INC 2.28
ACCTON TECHNOLOGY CORP 2.24
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A6 Hedged HKD 88.63 -0.20 -0.23 10/Dec/2024 93.97 82.63 LU1051769294
Class A2 EUR 16.74 0.06 0.36 10/Dec/2024 16.74 14.72 LU2050411763
Class I2 Hedged CHF 11.53 -0.03 -0.26 10/Dec/2024 12.18 10.69 LU1074795896
Class A8 Hedged CNH 115.27 -0.30 -0.26 10/Dec/2024 121.92 107.49 LU1516381719
Class D5G GBP 9.86 0.01 0.10 10/Dec/2024 10.25 9.09 LU2066749115
Class A6 Hedged SGD 10.82 -0.02 -0.18 10/Dec/2024 11.49 10.12 LU1515016050
Class A2 USD 17.61 -0.04 -0.23 10/Dec/2024 18.48 15.97 LU0651946864
Class A6 Hedged GBP 10.53 -0.02 -0.19 10/Dec/2024 11.15 9.79 LU1529944198
Class A5G USD 11.35 -0.03 -0.26 10/Dec/2024 11.91 10.52 LU0651947912
Class A8 Hedged NZD 11.34 -0.03 -0.26 10/Dec/2024 12.01 10.56 LU1529944438
Class A6 USD 12.16 -0.02 -0.16 10/Dec/2024 12.87 11.28 LU1051768304
Class A8 Hedged AUD 11.13 -0.03 -0.27 10/Dec/2024 11.76 10.32 LU1515016217
Class D2 USD 19.43 -0.04 -0.21 10/Dec/2024 20.35 17.50 LU0653880228
Class A2 Hedged EUR 9.90 -0.02 -0.20 10/Dec/2024 10.42 9.12 LU2087589698
Class A6 Hedged CAD 11.03 -0.02 -0.18 10/Dec/2024 11.70 10.27 LU1529944354
Class A6 Hedged EUR 9.49 -0.02 -0.21 10/Dec/2024 10.08 8.87 LU1529943976
Class D2 EUR 18.46 0.06 0.33 10/Dec/2024 18.46 16.13 LU2087589425
Class I2 EUR 12.42 0.04 0.32 10/Dec/2024 12.42 10.83 LU2026300900
Class D2 Hedged EUR 10.28 -0.02 -0.19 10/Dec/2024 10.80 9.40 LU2087589771

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Emily Fletcher
Emily Fletcher

Literature

Literature