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 7 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 41.2 -11.1 22.9 14.8 1.4 -21.7 11.1
Constraint Benchmark 1 (%) 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.
6.33 -6.63 2.61 - 6.01
Constraint Benchmark 1 (%) 12.39 -6.23 3.55 - 5.14
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.43 -0.59 1.22 2.86 6.33 -18.60 13.77 - 54.89
Constraint Benchmark 1 (%) 3.41 0.56 3.52 7.45 12.39 -17.54 19.05 - 45.65
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

-16.85 58.42 -11.63 -8.25 5.83
Constraint Benchmark 1 (%)

as of 31/Mar/2024

-17.69 58.39 -11.37 -10.70 8.15

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

Key Facts

Key Facts

Net Assets of Fund
as of 14/Jun/2024
USD 190,164,250
Fund Launch Date
12/Aug/2011
Fund Base Currency
USD
Constraint Benchmark 1
MSCI Emerging Markets Index
Initial Charge
5.00%
ISIN
LU1516381719
Performance Fee
0.00%
Minimum Subsequent Investment
RMB 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BEMA8CH
Share Class launch date
30/Nov/2016
Share Class Currency
CNH
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.89%
Annual Management Fee
1.50%
Minimum Initial Investment
RMB 5,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BD09W12

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
68
Standard Deviation (3y)
as of 31/May/2024
16.35%
P/E Ratio
as of 31/May/2024
11.73
12 Month Trailing Dividend Distribution Yield
as of 31/May/2024
2.13
3y Beta
as of 31/May/2024
0.880
P/B Ratio
as of 31/May/2024
1.71

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.

Risk Indicator

Risk Indicator

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3
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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31/May/2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9.70
SAMSUNG ELECTRONICS CO LTD 5.81
SK HYNIX INC 3.40
BANK OF CHINA LTD 3.13
PROSUS NV 2.62
Name Weight (%)
KASPIKZ AO 2.37
GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV 2.36
CHINA PETROLEUM & CHEMICAL CORP 2.31
GRUPO FINANCIERO BANORTE SAB DE CV 2.28
GOLD FIELDS LTD 2.11
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/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 A8 Hedged CNH 114.32 -0.42 -0.37 14/Jun/2024 119.71 103.95 LU1516381719
Class A2 Hedged EUR 9.71 -0.04 -0.41 14/Jun/2024 10.14 8.69 LU2087589698
Class A6 Hedged GBP 10.44 -0.03 -0.29 14/Jun/2024 10.91 9.45 LU1529944198
Class A6 USD 12.02 -0.04 -0.33 14/Jun/2024 12.58 10.85 LU1051768304
Class A6 Hedged EUR 9.47 -0.03 -0.32 14/Jun/2024 9.96 8.66 LU1529943976
Class D2 USD 18.82 -0.07 -0.37 14/Jun/2024 19.62 16.54 LU0653880228
Class I2 Hedged CHF 11.35 -0.04 -0.35 14/Jun/2024 11.87 10.24 LU1074795896
Class A6 Hedged CAD 10.98 -0.03 -0.27 14/Jun/2024 11.49 9.96 LU1529944354
Class A2 EUR 16.05 0.12 0.75 14/Jun/2024 16.46 14.39 LU2050411763
Class A8 Hedged NZD 11.28 -0.04 -0.35 14/Jun/2024 11.80 10.20 LU1529944438
Class D2 Hedged EUR 10.04 -0.04 -0.40 14/Jun/2024 10.48 8.95 LU2087589771
Class A2 USD 17.13 -0.05 -0.29 14/Jun/2024 17.86 15.13 LU0651946864
Class A8 Hedged AUD 11.04 -0.03 -0.27 14/Jun/2024 11.54 9.99 LU1515016217
Class A6 Hedged HKD 88.20 -0.29 -0.33 14/Jun/2024 92.35 80.21 LU1051769294
Class D5G GBP 9.82 0.05 0.51 14/Jun/2024 10.25 9.12 LU2066749115
Class I2 EUR 11.86 0.09 0.76 14/Jun/2024 12.15 10.55 LU2026300900
Class A6 Hedged SGD 10.80 -0.04 -0.37 14/Jun/2024 11.35 9.88 LU1515016050
Class A5G USD 11.28 -0.04 -0.35 14/Jun/2024 11.77 10.10 LU0651947912
Class D2 EUR 17.64 0.13 0.74 14/Jun/2024 18.08 15.73 LU2087589425

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Emily Fletcher
Emily Fletcher

Literature

Literature