Equity

BGF Emerging Europe 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 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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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -14.3 0.3 25.2 7.9 -11.6 33.2 -12.7 22.9
Constraint Benchmark 1 (%) -19.7 -5.0 29.5 5.7 -6.6 32.5 -19.1 21.7

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
- - - - -
Constraint Benchmark 1 (%)

as of 31/Dec/2022

- - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
- 0.00 - - - - - - -
Constraint Benchmark 1 (%)

as of 31/Dec/2022

-65.50 2.28 31.39 22.81 - - - - -
  From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of 31/Dec/2022

-11.62 33.22 -12.69 22.90 -
Constraint Benchmark 1 (%)

as of 31/Dec/2022

-6.58 32.52 -19.14 21.73 -

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 EUR.

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 28/Feb/2022
EUR 269,331,470
Fund Launch Date
29/Dec/1995
Fund Base Currency
EUR
Constraint Benchmark 1
MSCI Emerging Markets Europe 10/40 Index
Initial Charge
5.00%
Management Fee
1.75
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MIGSEEI
Share Class launch date
29/Dec/1995
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
2.07%
ISIN
LU0011850392
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
5001600

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Aug/2024
18
3y Beta
as of -
-
P/B Ratio
as of 30/Aug/2024
0.44
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 30/Aug/2024
5.15

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

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

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Emerging Europe Fund, Class A2, as of 28/Feb/2022 rated against 35 Other Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. (Effective 01/Feb/2019)
Analyst-Driven % as of -
-
Data Coverage % as of -
-

Holdings

Holdings

as of 30/Aug/2024
Name Weight (%)
SBERBANK ROSSII 0.05
GAZPROM 0.05
TATNEFT 0.01
NOVOLIPETSK STEEL 0.01
NOVATEK 0.01
Name Weight (%)
NK ROSNEFT 0.01
MAGNITOGORSKIY METALLURGICHESKIY K 0.01
NOVABEV GROUP 0.01
TATNEFT PREF 0.00
NK LUKOIL 0.00
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Aug/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Aug/2024

% of Market Value

Type Fund
as of 30/Aug/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 EUR 53.60 -32.29 -37.59 28/Feb/2022 151.48 53.60 LU0011850392
Class D2 USD 68.33 -41.27 -37.66 28/Feb/2022 199.26 68.33 LU0827876581
Class A2 Hedged SGD 5.23 -3.11 -37.29 28/Feb/2022 14.62 5.23 LU0572106309
Class A4 EUR 47.63 -28.69 -37.59 28/Feb/2022 134.61 47.63 LU0408221355
Class X4 GBP 40.21 -24.44 -37.80 28/Feb/2022 113.46 40.21 LU0513876275
Class A4 GBP 39.98 -24.33 -37.83 28/Feb/2022 113.64 39.98 LU0204061609
Class D4 GBP 40.02 -24.35 -37.83 28/Feb/2022 113.45 40.02 LU0827876664
Class A2 USD 60.16 -36.33 -37.65 28/Feb/2022 175.88 60.16 LU0171273575
Class I2 EUR 5.22 -3.14 -37.56 28/Feb/2022 14.69 5.22 LU0368229539
Class D2 Hedged GBP 46.94 -27.72 -37.13 28/Feb/2022 130.21 46.94 LU0827876748
Class D2 EUR 60.88 -36.68 -37.60 28/Feb/2022 171.62 60.88 LU0252967533

Portfolio Managers

Portfolio Managers

Samuel Vecht
Samuel Vecht
Christopher Colunga
Christopher Colunga

Literature

Literature