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.
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 may invest in securities whereby the issuing company has a high risk of defaulting on their interest payments, capital repayment or both. In the event of default, the value of the investment may reduce. 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. 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. 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 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. 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.
Performance
Performance
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Returns
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 SGD, 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
Portfolio Characteristics
Portfolio Characteristics
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.
Risk Indicator
Risk Indicator
Ratings
Holdings
Holdings
Name | Weight (%) |
---|---|
NIAGARA ENERGY SAC RegS 5.746 10/03/2034 | 1.49 |
EMPRESA NACIONAL DEL PETROLEO ENAP RegS 5.95 07/30/2034 | 1.41 |
SAMARCO MINERACAO SA RegS 9 06/30/2031 | 1.38 |
BANCO DE CREDITO E INVERSIONES RegS 8.75 12/31/2079 | 1.38 |
AES PANAMA GENERATION HOLDINGS SRL RegS 4.375 05/31/2030 | 1.33 |
Name | Weight (%) |
---|---|
YPF SA RegS 9.5 01/17/2031 | 1.30 |
PAMPA ENERGIA SA RegS 7.95 09/10/2031 | 1.23 |
BBVA MEXICO SA INSTITUCION DE BANC MTN RegS 5.25 09/10/2029 | 1.22 |
PUMA INTERNATIONAL FINANCING SA RegS 5 01/24/2026 | 1.16 |
MILLICOM INTERNATIONAL CELLULAR S. RegS 7.375 04/02/2032 | 1.12 |
Exposure Breakdowns
Exposure Breakdowns
Pricing & Exchange
Pricing & Exchange
Investor Class | Currency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
---|---|---|---|---|---|---|---|---|
Class A2 Hedged | SGD | 10.51 | 0.00 | 0.00 | 11/Oct/2024 | 10.59 | 9.89 | LU2776000999 |
Class SR3 | USD | 10.56 | 0.00 | 0.00 | 11/Oct/2024 | 10.65 | 9.56 | LU2518861054 |
Class I5 Hedged | EUR | 8.10 | 0.00 | 0.00 | 11/Oct/2024 | 8.23 | 7.46 | LU2323324769 |
Class D6 Hedged | SGD | 10.29 | -0.01 | -0.10 | 11/Oct/2024 | 10.40 | 9.97 | LU2728924312 |
Class SR2 Hedged | EUR | 9.63 | -0.01 | -0.10 | 11/Oct/2024 | 9.71 | 8.32 | LU2319962143 |
Class A6 Hedged | SGD | 10.25 | 0.00 | 0.00 | 11/Oct/2024 | 10.35 | 9.95 | LU2728924239 |
Class I2 Hedged | CHF | 11.19 | -0.01 | -0.09 | 11/Oct/2024 | 11.28 | 9.89 | LU2491188269 |
Class D3 Hedged | GBP | 8.96 | -0.01 | -0.11 | 11/Oct/2024 | 9.04 | 8.16 | LU0995319919 |
Class A6 | USD | 10.38 | -0.01 | -0.10 | 11/Oct/2024 | 10.48 | 9.99 | LU2728924155 |
Class D6 | USD | 10.23 | -0.01 | -0.10 | 11/Oct/2024 | 10.32 | 9.99 | LU2845160360 |
Class SR3 Hedged | GBP | 8.45 | 0.00 | 0.00 | 11/Oct/2024 | 8.52 | 7.69 | LU2319962226 |
Class A2 | USD | 14.06 | -0.01 | -0.07 | 11/Oct/2024 | 14.16 | 12.03 | LU0843229542 |
Class I4 Hedged | EUR | 7.88 | -0.01 | -0.13 | 11/Oct/2024 | 8.33 | 7.25 | LU2259865686 |
Class A2 Hedged | EUR | 11.56 | -0.01 | -0.09 | 11/Oct/2024 | 11.66 | 10.07 | LU0843229971 |
Class I2 | USD | 15.61 | -0.01 | -0.06 | 11/Oct/2024 | 15.72 | 13.25 | LU0843232686 |
Class D2 | USD | 15.36 | -0.01 | -0.07 | 11/Oct/2024 | 15.47 | 13.06 | LU0843231795 |
Class D2 Hedged | EUR | 10.57 | -0.01 | -0.09 | 11/Oct/2024 | 10.65 | 9.15 | LU1728038495 |
Class I2 Hedged | EUR | 13.06 | -0.01 | -0.08 | 11/Oct/2024 | 13.16 | 11.28 | LU0995332854 |
Class SR2 | USD | 10.34 | -0.01 | -0.10 | 11/Oct/2024 | 10.42 | 8.78 | LU2319962499 |
Portfolio Managers
Portfolio Managers
Amer Bisat, PhD., Managing Director, is Head of Emerging Markets Fixed Income and a member of the Fundamental-GFI Executive Committee.