Fixed Income

BGF ESG Emerging Markets Blended Bond 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.

Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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

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Reinvestments

This product does not have any distributions data as of now.
  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of 30-Jun-21

- - - 6.90 -1.66
Benchmark (%)

as of 30-Jun-21

- - - 1.02 1.18
  1y 3y 5y 10y Incept.
1.20 5.81 - - 5.80
Benchmark (%)

as of 31-Aug-21

5.01 5.97 - - 5.94
  YTD 1m 3m 1y 3y 5y 10y Incept.
-2.22 1.30 2.53 1.20 18.46 - - 18.46
Benchmark (%)

as of 31-Aug-21

2.08 1.30 4.06 5.01 19.00 - - 18.91

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

Key Facts

Key Facts

Size of Fund (Millions) as of 24-Sep-21 USD 71.414
12m Trailing Yield -
Number of Holdings as of 31-Aug-21 152
Base Currency U.S. Dollar
Fund Launch Date 09-Jul-18
Share Class launch date 29-Aug-18
Asset Class Fixed Income
Morningstar Category -
Benchmark Index J.P. Morgan ESG Blended Emerging Market Bond Index (Sovereign)
SFDR Classification Article 8
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.81%
ISIN LU1864664971
Bloomberg Ticker BEEBI2E
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BFXNJ03
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10,000,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, 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 ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 07-Sep-21 BB
MSCI ESG Quality Score (0-10) as of 07-Sep-21 3.82
MSCI ESG Quality Score - Peer Percentile as of 07-Sep-21 81.15
MSCI ESG % Coverage as of 07-Sep-21 92.72
Fund Lipper Global Classification as of 07-Sep-21 Bond Emerging Markets Global HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Sep-21 470.49
Funds in Peer Group as of 07-Sep-21 419
All data is from MSCI ESG Fund Ratings as of 07-Sep-21, based on holdings as of 30-Apr-21. 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% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion 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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2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31-Aug-21
Name Weight (%)
TREASURY NOTE 1.125 02/28/2022 6.80
GABONESE REPUBLIC RegS 6.95 06/16/2025 2.38
SOUTH AFRICA (REPUBLIC OF) 8.875 02/28/2035 2.02
UKRAINE (GOVERNMENT OF) RegS 1.258 05/31/2040 2.01
BENIN ( REPUBLIC OF) RegS 4.95 01/22/2035 1.91
Name Weight (%)
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 1.80
RUSSIAN FEDERATION 7.05 01/19/2028 1.66
INDONESIA (REPUBLIC OF) 7 09/15/2030 1.58
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 1 07/31/2035 1.54
SOUTH AFRICA (REPUBLIC OF) 8.75 02/28/2048 1.50
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-21

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-21

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-21

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Aug-21

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-21

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-21

% 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 I2 EUR - 9.96 -0.04 -0.40 10.44 9.80 - LU1864664971 - -
Class Z2 GBP - 9.85 -0.03 -0.30 11.01 9.75 - LU2038736208 - -
Class I2 USD - 11.67 -0.07 -0.60 12.83 11.52 - LU1864664898 - -
Class I2 Hedged EUR - 10.85 -0.07 -0.64 12.02 10.82 - LU1864665192 - -
Class D2 Hedged EUR None 10.26 -0.07 -0.68 11.38 10.25 - LU1817795864 - -
Class D2 Hedged CHF None 10.17 -0.06 -0.59 11.30 10.17 - LU1817795948 - -
Class D2 GBP GBP - 8.09 -0.03 -0.37 8.31 8.04 - LU2342521510 - -
Class A2 Hedged EUR None 10.02 -0.06 -0.60 11.17 10.02 - LU1817795781 - -
Class A2 USD None 10.82 -0.07 -0.64 11.97 10.78 - LU1860488060 - -
Class D2 USD None 11.08 -0.07 -0.63 12.20 10.96 - LU1817795518 - -

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Sergio Trigo Paz
Michal Katrencik
Michal Katrencik
Michal Wozniak
Michal Wozniak

Literature

Literature