Equity

Emerging Markets Ex-China 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, failed/delayed delivery of securities or payments to the Fund and sustainability-related risks. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.

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

This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 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

Net Assets of Fund
as of 10/Dec/2024
USD 245,815,477
Fund Launch Date
13/May/2024
Fund Base Currency
USD
Constraint Benchmark 1
MSCI EM ex China 10-40 Index
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
BGEUAEA
Share Class launch date
13/May/2024
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.87%
ISIN
LU2719174067
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BP0VJT9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
82
3y Beta
as of -
-
P/B Ratio
as of 29/Nov/2024
1.98
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 29/Nov/2024
13.96

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

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING 9.53
ISHARES MSCI INDIA UCITS ETF 6.18
SK HYNIX INC 3.25
SAMSUNG ELECTRONICS LTD 2.83
ACCTON TECHNOLOGY CORP 1.84
Name Weight (%)
EMEMORY TECHNOLOGY INC 1.81
PUMA 1.77
SAMSUNG ELECTRONICS GDS REPRESENT 1.72
AKBANK A 1.59
MEDIATEK INC 1.56
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
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 A2 Hedged EUR 71.39 -0.14 -0.20 10/Dec/2024 77.79 68.60 LU2719174067
Class D2 USD 87.60 -0.18 -0.21 10/Dec/2024 94.53 83.40 LU2719175031
Class A4 GBP 53.65 0.04 0.07 10/Dec/2024 57.29 51.16 LU2719174570
Class A4 Hedged EUR 63.34 -0.13 -0.20 10/Dec/2024 69.14 60.97 LU2719174497
Class D2 Hedged EUR 81.40 -0.16 -0.20 10/Dec/2024 88.43 78.02 LU2719174901
Class A2 USD 76.83 -0.16 -0.21 10/Dec/2024 83.16 73.34 LU2719174224
Class A2 Hedged SGD 7.32 -0.02 -0.27 10/Dec/2024 7.98 7.04 LU2719174141
Class D4 GBP 53.83 0.04 0.07 10/Dec/2024 57.39 51.27 LU2719175114
Class D2 Hedged GBP 66.42 -0.14 -0.21 10/Dec/2024 71.72 63.28 LU2719174810
Class I2 Hedged EUR 6.99 -0.01 -0.14 10/Dec/2024 7.58 6.69 LU2719175460

Portfolio Managers

Portfolio Managers

Stephen Andrews
Stephen Andrews
Christopher Colunga
Christopher Colunga
Christoph Brinkmann
Christoph Brinkmann

Literature

Literature