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Fixed Income

BGF Emerging Markets Bond 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. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. The fund may make distributions from capital as well as income or pursue certain investment strategies in order to generate income. Whilst this might allow more income to be distributed, it may also have the effect of reducing capital and the potential for long-term capital growth. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held.

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

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 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

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 24-Feb-20 USD 2,161.765
Base Currency U.S. Dollar
Fund Launch Date 01-Oct-04
Share Class launch date 19-Dec-18
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index J.P. Morgan Emerging Markets Bond Index Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU1919856051
Bloomberg Ticker BGEMA8C
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BGSZK20
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment RMB 5000
Minimum Subsequent Investment RMB 1000
Use of Income Distributing

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 31-Jan-20
Name Weight (%)
UKRAINE (GOVERNMENT OF) RegS 0 05/31/2040 1.95
PETROLEOS MEXICANOS RegS 6.84 01/23/2030 1.71
RUSSIAN FEDERATION RegS 5.25 06/23/2047 1.27
NIGERIA (FEDERAL REPUBLIC OF) MTN RegS 7.143 02/23/2030 1.15
QATAR (STATE OF) RegS 4.817 03/14/2049 1.13
Name Weight (%)
ABU DHABI (EMIRATE OF) MTN RegS 2.5 09/30/2029 1.12
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 7.95 06/20/2024 1.07
CHILE (REPUBLIC OF) 2.55 01/27/2032 1.00
DOMINICAN REPUBLIC (GOVERNMENT) RegS 6.5 02/15/2048 0.89
TURKEY (REPUBLIC OF) 5.125 02/17/2028 0.84
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-20

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-20

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-20

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Jan-20

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-20

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-20

% 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 A8 Hedged CNH - 108.41 0.14 0.13 109.20 103.13 - LU1919856051 - -
Class A1 USD Daily 9.98 0.01 0.10 10.02 9.51 - LU0200680436 - -
Class I2 Hedged GBP - 10.60 0.01 0.09 10.60 9.88 - LU1806518533 - -
Class A2 Hedged EUR None 17.11 0.02 0.12 17.11 16.23 - LU0413376566 - -
Class I2 Hedged CHF None 10.12 0.01 0.10 10.12 9.58 - LU1618350562 - -
Class I4 Hedged EUR - 10.41 0.01 0.10 10.41 9.87 - LU2075911060 - -
Class D3 USD Monthly 10.37 0.02 0.19 10.39 9.86 - LU0827876821 - -
Class A8 Hedged ZAR Monthly 98.10 0.14 0.14 98.35 92.99 - LU1109561420 - -
Class I4 USD - 10.35 0.01 0.10 10.57 9.75 - LU1806518293 - -
Class I5 Hedged EUR Quarterly 9.69 0.02 0.21 9.84 9.29 - LU1323999216 - -
Class A1 EUR Daily 9.20 0.00 0.00 9.20 8.46 - LU0200683703 - -
Class I4 Hedged GBP - 10.44 0.01 0.10 10.44 9.88 - LU2075910922 - -
Class A2 EUR None 17.94 0.01 0.06 17.94 15.89 - LU0200683885 - -
Class D2 EUR None 19.34 0.01 0.05 19.34 17.03 - LU0827877043 - -
Class D3 EUR Monthly 9.56 0.01 0.10 9.56 8.76 - LU0827877126 - -
Class A6 USD Monthly 8.99 0.01 0.11 9.11 8.57 - LU0764617162 - -
Class A3 USD Monthly 10.34 0.01 0.10 10.37 9.84 - LU0200680782 - -
Class A6 Hedged GBP Monthly 9.29 0.01 0.11 9.52 8.89 - LU1408527916 - -
Class A3 EUR Monthly 9.53 0.00 0.00 9.53 8.75 - LU0200684008 - -
Class A4 EUR Annual 13.20 0.01 0.08 13.20 12.15 - LU1072326561 - -
Class A6 Hedged HKD Monthly 67.00 0.08 0.12 67.93 63.85 - LU0764619960 - -
Class D2 USD None 20.98 0.03 0.14 20.98 19.26 - LU0297941386 - -
Class A2 CZK None 452.50 2.73 0.61 452.50 407.46 - LU1791181735 - -
Class D2 Hedged EUR None 17.87 0.02 0.11 17.87 16.86 - LU0827877399 - -
Class I2 USD None 18.92 0.02 0.11 18.92 17.34 - LU1180455567 - -
Class I2 EUR None 17.44 0.01 0.06 17.44 15.33 - LU1048586868 - -
Class I2 Hedged EUR None 12.13 0.02 0.17 12.13 11.43 - LU1057294727 - -
Class A6 Hedged CAD Monthly 9.65 0.02 0.21 9.81 9.20 - LU1408528054 - -
Class A2 USD None 19.46 0.02 0.10 19.46 17.97 - LU0200680600 - -
Class A8 Hedged NZD Monthly 9.70 0.02 0.21 9.85 9.25 - LU1408528138 - -
Class A8 Hedged AUD Monthly 8.77 0.02 0.23 8.92 8.36 - LU0871639893 - -
Class A2 Hedged GBP None 12.19 0.02 0.16 12.19 11.44 - LU1057296771 - -

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Sergio Trigo Paz
Michel Aubenas
Michel Aubenas

Literature

Literature